After the Close Review of Thursday’s pullback… SPY, QQQ, DIA, IWM, VIX, TLT, 11 GREAT
bull flag seutps…11:50 pm PT
Four sectors were higher on Thursday, led by energy XLE +0.30% and
discretionary XLY +0.15%.
SPY down .94 at 258.17 on 94.0 million shares, 156% above average volume. Down on
higher volume.
VIX up .72 at 10.50
Oil up .21 to 57.03
TLT down .36 at 126.00…on
3.3 million shares, 11% below average. Down on higher volume.
DIS +1.48%, and TRV +0.76%, led
the DJIA, 11 advancers.
COTY +13.82%, M
+10.98% and
PRGO +8.36% led the SPX.
QVCA +8.03%, DISH
+3.22%, VOD +2.99%,
PCLN +2.53%, and MELI +2.43%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
DIA, IWM, SPY, QQQ
Breadth weakened on Thursday as
decliners led 1,805 to 1,076on the NYSE and led 1,759 to
1,094 on
the NASDAQ.
The SPY MFC green
line is in
upper zone at 95 bullish.
Uptrend
sectors: XLRE,
XLU, XLK, XLY, XLE, XLF, XLB, XLI,
Neutral
sectors: XLV,
Down
trend sectors: XLP,
Intermediate-term trending stocks: LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD,
CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, ANET, WYNN,
RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
32 of 100 NDX stocks closed
higher on Thursday.
54
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
DISH, ORLY, ROST, WBA
Moving Below 30 DMA = 6
CTAS, CTSH, KLAC, MCHP, NFLX, XLNX
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
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8 comments:
Hi Dave - unless it is fixed, the video from Wed after close went down. It was one of your very best, and I was planning to do a deep dive reviewing those trades you mentioned, fantastic learning tool. If you can repost it, much appreciated!! John
Hi Dave - unless it is fixed, the video from Wed after close went down. It was one of your very best, and I was planning to do a deep dive reviewing those trades you mentioned, fantastic learning tool. If you can repost it, much appreciated!! John
(sorry for dbl post...phat finger)
John...it appears it is not a video problem but rather a Google Blogger issue that they will have to fix...hopefully it gets fixed soon...Dave
Gotcha - thanks for checking it out Dave, now it's in the hands of Silicon Valley :)
John...it looks like they are working again...Dave
The Evening videos are great with the potential set=ups you are highlighting. This is my daily routine. It all about the Trend and using objective technical analysis. Great Stuff! Thanks Dave
Don...you're welcome...have a great weekend...Dave
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