After the Close Review
of Monday’s
market action…DIA, CSCO, NKE, V, WMT, MCD, BA, HD, MU and
more setups and great technical analysis insights…10:03
pm PST
Five sectors were higher and one was unchanged on Monday, led by utilities XLU +0.43% and
industrials XLI
+0.17%.
WDC, SQ lower on downgrades before the open.
SPY down .13 at 260.23 on 52.2 million shares, 14% below average volume. Down
on higher volume.
VIX up .20 at 9.87
Oil down 1.12 to 57.85
TLT down .18 to at 126.62…on
6.1 million shares, 9% below average volume. Down on higher volume.
VZ +1.38%, and MMM +1.13%, led
the DJIA, 15 advancers.
NWL +5.01%, SIG
+4.92%, and
LB +4.09%, led the SPX.
ILMN +4.18%, ALGN
+3.01%, TMUS +1.78%,
GOOGL +1.47%, and ISRG +1.39%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
DIA,
Down:
QQQ, SPY, IWM
Breadth weakened on Monday as
decliners led 1,805 to 1,083
on the NYSE and led 1,717 to 1,171 on the NASDAQ.
The SPY MFC green
line in the
upper zone at 92 bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLF, XLU, XLE, XLB,
Neutral
sectors: XLP, XLV, XLI,
Down
trend sectors:
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, CDNS, ANET,
WYNN, RACE, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
39 of 100 NDX stocks closed
higher on Monday.
57
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
BIDU, JD, LVNTA, SWKS,
WDC,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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2 comments:
Dave, will you have a Cyber Monday special on your membership? Thanks!
Ryan...if you're referring to the live mentoring at iBullyBear, the Charter Membership is the special offer as detailed on the Mentoring tab in the Moving Forward to a Brighter Future section...thank you for asking...Dave
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