DJIA + 51.08 +0.50%
SP500 + 4.01 +0.37%
COMPQ + 10.74 +0.49%
Russell 2000 + 0.33 +0.06%
Exchange NYSE NASD
Advancing 1,649 1,348
Declining 1,351 1,340
Oil $70.67 -1.92
Gold $1,120.40 -22.40
SOX 339.09 +2.13
VIX 22.66 -1.03
The VIX moved down and did confirm the move up in the SPX on Wednesday. The SOX moved up and did confirm the move up in the COMPQ.
Strongest Sectors: XLB +1.25%...XLK +0.96%...XLV +0.85%
Weakest Sectors: XLY +0.00%...XLE +0.00%...XLP +0.19%
Seven of nine sectors moved higher and two were unchanged on Wednesday. Materials, Technology, Healthcare, and Industrials were stronger than the SPX +0.37%.
Sector Watch
Up Trending: XLK, XLB, XLY, XLV, XLP, XLE
Horizontal Breakout: XLF, XLI, XLU
Sideways:
Down Trending:
Key Resistance Levels:
1,101 = October High
1,113 = November High
1,119 = December High
1,025 - 1,133 = 1,075 BO chart target - Sep 08 Low
Key Support Levels
1,087 = Nov 10 Channel low
1,082 = Nov 9 S1 level
1,075 = 875 Breakout Chart Target
1,061 = Sep 16 S1 level
1,056 = Sep 25 R1 level
1,044 = October Horizontal Old Resistance
Check out these charts:
(click image to enlarge)
Guidance: The SPX pulled back to 1,085.89 before bouncing at support and closing at 1,095.95. AAPL had a it first mega up day since late October as it confirmed Tuesday’s bullish harami that we alerted you on last night and closed up +4.18%. BIDU, GOOG and PCLN also moved higher.
RIMM +4.87% followed through on it higher low reversal W pattern we had pointed out. Our virtual trade placed Monday night 12 Dec 50 calls at 11.30 each closed up 2.95 or +26%.
Our bull flag bounce on X +5.67% this morning however takes the honors. We had about 387 people in our webcast who saw us place real time virtual trade for 50 Jan 46 calls at 8:11:02 MT at 2.19, they closed at 3.17 for a gain of 98 cents or +44.7%.
Financials, XLF, +0.35% formed another spinning top staying in its congestion area near support.
Gold and oil prices slipped further as the dollar remained near its recent high. The Euro fell to 1.4666 before closing at 1.4725.
KLAC and LRCX remained near their recent highs and CREE is in a bull flag. MMM broke to new highs and DE is in a bull flag pattern. ZION bounced in its potential bottoming pattern
Ag-related stocks AGU, POT and IPI had strong moves on Wednesday.
Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules.
AAPL +7.93
QCOM +0.18
GOOG +1.97
BIDU +7.61
NDX 100 stocks stronger than the NDX include: STLD, RIMM, GRMN, CA, AAPL, WCRX, NVDA, JOYG, DELL, MRVL, FLEX, JBHT, STX, BIDU, SYMC, PCAR, BRCM, LOGI, INFY, INTU, FSLR, AMAT, APOL, CMSCA, XLNX, NTAP, FWLT, ADP, VRTX, EXPE, PCLN, AKAM, SIAL, CEPH and TEVA.
Stocks to Watch on Thursday
Leading Stocks
Holding Above 30 DMA
K, JW.A, AMZN, SLGN, MCD, DLB, RCI, ESRX, MHS, WCG, ALGT, BDX, VAR, ACN, TSL, CTSH, HLF, AFAM, AMX, GR, SNHY, SYNA, CGA, WMT, GILD, HDB, MELI, PCLN, GXDX, PCP, MON, MOS, TDG, X, IPI, BIIB, NTLS, AMX, PETS, NIHD, VPRT, PSYS, URE, BLUD, DECK, GES, GPRO, USD, BAP, BKC, CBST, SNA, FSLR, CPLA, MYGN, RIMM, FAZ
Moving Above 30 DMA = 4
AMED, BIDU, CLB, DV
Moving Below 30 DMA = 1
BYI
Staying Below 30 DMA
ORCL, WAB, JCOM, EBAY, FAS, UYG, NFLX, DLTR, ICE, JOSB, JOYG, PWRD, AAPL, GME, CHL, FLS, RBN, SLGN, ATW, CAM, PPD, JEC, GMCR, SWN, HANS, TRLG, ESI, FUQI
Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
Guidance: The SPX pulled back to 1,085.89 before bouncing at support and closing at 1,095.95. AAPL had a it first mega up day since late October as it confirmed Tuesday’s bullish harami that we alerted you on last night and closed up +4.18%. BIDU, GOOG and PCLN also moved higher.
RIMM +4.87% followed through on it higher low reversal W pattern we had pointed out. Our virtual trade placed Monday night 12 Dec 50 calls at 11.30 each closed up 2.95 or +26%.
Our bull flag bounce on X +5.67% this morning however takes the honors. We had about 387 people in our webcast who saw us place real time virtual trade for 50 Jan 46 calls at 8:11:02 MT at 2.19, they closed at 3.17 for a gain of 98 cents or +44.7%.
Financials, XLF, +0.35% formed another spinning top staying in its congestion area near support.
Gold and oil prices slipped further as the dollar remained near its recent high. The Euro fell to 1.4666 before closing at 1.4725.
KLAC and LRCX remained near their recent highs and CREE is in a bull flag. MMM broke to new highs and DE is in a bull flag pattern. ZION bounced in its potential bottoming pattern
Ag-related stocks AGU, POT and IPI had strong moves on Wednesday.
Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules.
AAPL +7.93
QCOM +0.18
GOOG +1.97
BIDU +7.61
NDX 100 stocks stronger than the NDX include: STLD, RIMM, GRMN, CA, AAPL, WCRX, NVDA, JOYG, DELL, MRVL, FLEX, JBHT, STX, BIDU, SYMC, PCAR, BRCM, LOGI, INFY, INTU, FSLR, AMAT, APOL, CMSCA, XLNX, NTAP, FWLT, ADP, VRTX, EXPE, PCLN, AKAM, SIAL, CEPH and TEVA.
Stocks to Watch on Thursday
Leading Stocks
Holding Above 30 DMA
K, JW.A, AMZN, SLGN, MCD, DLB, RCI, ESRX, MHS, WCG, ALGT, BDX, VAR, ACN, TSL, CTSH, HLF, AFAM, AMX, GR, SNHY, SYNA, CGA, WMT, GILD, HDB, MELI, PCLN, GXDX, PCP, MON, MOS, TDG, X, IPI, BIIB, NTLS, AMX, PETS, NIHD, VPRT, PSYS, URE, BLUD, DECK, GES, GPRO, USD, BAP, BKC, CBST, SNA, FSLR, CPLA, MYGN, RIMM, FAZ
Moving Above 30 DMA = 4
AMED, BIDU, CLB, DV
Moving Below 30 DMA = 1
BYI
Staying Below 30 DMA
ORCL, WAB, JCOM, EBAY, FAS, UYG, NFLX, DLTR, ICE, JOSB, JOYG, PWRD, AAPL, GME, CHL, FLS, RBN, SLGN, ATW, CAM, PPD, JEC, GMCR, SWN, HANS, TRLG, ESI, FUQI
Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
3 comments:
Yes Dave! That about sums it up!!
Bruce Hesker
Yes and the 46 calls paid over 200% today, as did the STLD 16 calls. And lets not forget RIMM!! 65 calls paid over 70%!!
Way to go!!!
You're da man!
Peggy
Dave
Your talent is amazing - you seem to be able to read the market's mind. I really enjoy your analysis and am learning as much as I can and as fast as I can. Thank you so very much
for all your hard work.
Tom S
Post a Comment