DJIA + 68.78 +0.67%
SP500 + 6.40 +0.58%
COMPQ + 7.13 +0.33%
Russell 2000 - 2.65 -0.44%
Exchange NYSE NASD
Advancing 1,830 1,053
Declining 1,208 1,650
Oil $70.54 -0.13
Gold $1,125.70 +5.30
SOX 338.61 -0.48
VIX 22.32 -0.34
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: XLY +1.55%...XLU +1.26%...XLE +1.24%
Weakest Sectors: XLB -0.37%...XLF -0.14%...XLP +0.34%
Seven of nine sectors moved higher on Thursday. Consumer Discretionary, Utilities, Energy and Healthcare were stronger than the SPX +0.58%.
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 ResistanceCheck out this chart:
(click image to enlarge)
Guidance: The SPX moved to its Nov 11 horizontal resistance at 1,106.25 before closing at 1,102.35. See chart above. We expect the current trading range to continue on Friday. Breadth on the NYSE continued strong while the NASDAQ breadth weakened some on Thursday. Next Friday is options expiration.
AAPL paused while AMZN and PCLN had strong moves higher.
RIMM +2.59% followed through on it higher low reversal W by moving higher. Our virtual trade placed Monday night 12 Dec 50 calls at 11.30 each closed up 4.55 or +40%.
Our bull flag bounce on X pulled back 67 cents.
Financials, XLF moved down 2 cents while forming another spinning top staying in its congestion area near support.
The Euro held in the area of the 1.47 support area.
KLAC and LRCX remained near their recent highs and CREE bounced up in its bull flag pattern. MMM broke to new highs and DE bounce in its bull flag pattern.
Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules.
AAPL -1.37
QCOM +0.79
GOOG +2.48
BIDU -4.13
NDX 100 stocks stronger than the NDX include: SBUX, AMZN, NIHD, ORCL, SHLD, WCRX, RIMM, LINTA, PDCO, LBTYA, MRVL, URBN, XRAY, YHOO, NWSA, PCLN, ROST, HANS, QCOM, DISH, ISRG, ESRX CEPH, EXPE, HOLX, ILMN, CERN, SPLS, MCHP, INTU, APOL, HSIC, DELL, VRSN, CTAS, GENZ and CTXS.Check out these charts:
(click image to enlarge)Stocks to Watch on Friday
Leading Stocks
Holding Above 30 DMAK, 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, URE, BLUD, DECK, GES, GPRO, USD, BAP, BKC, CBST, SNA, FSLR, CPLA, MYGN, RIMM, FAZ, AMED, BIDU, CLB, DV
Moving Above 30 DMA = 2
HANS, ORCL
Moving Below 30 DMA = 1
PSYS
Staying Below 30 DMABYI, WAB, JCOM, EBAY, FAS, UYG, NFLX, DLTR, ICE, JOSB, JOYG, PWRD, AAPL, GME, CHL, FLS, RBN, SLGN, ATW, CAM, PPD, JEC, GMCR, SWN, TRLG, ESI, FUQI
Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
1 comment:
Anonymous
said...
Thanks for the comments and all your hard work
PS Am I missing something, the Blog looks the same still, with lots of great information
David Johnson, CMT
Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events.
Email: chartsignals@yahoo.com
Guidance: The SPX moved to its Nov 11 horizontal resistance at 1,106.25 before closing at 1,102.35. See chart above. We expect the current trading range to continue on Friday. Breadth on the NYSE continued strong while the NASDAQ breadth weakened some on Thursday. Next Friday is options expiration.
AAPL paused while AMZN and PCLN had strong moves higher.
RIMM +2.59% followed through on it higher low reversal W by moving higher. Our virtual trade placed Monday night 12 Dec 50 calls at 11.30 each closed up 4.55 or +40%.
Our bull flag bounce on X pulled back 67 cents.
Financials, XLF moved down 2 cents while forming another spinning top staying in its congestion area near support.
The Euro held in the area of the 1.47 support area.
KLAC and LRCX remained near their recent highs and CREE bounced up in its bull flag pattern. MMM broke to new highs and DE bounce in its bull flag pattern.
Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules.
AAPL -1.37
QCOM +0.79
GOOG +2.48
BIDU -4.13
NDX 100 stocks stronger than the NDX include: SBUX, AMZN, NIHD, ORCL, SHLD, WCRX, RIMM, LINTA, PDCO, LBTYA, MRVL, URBN, XRAY, YHOO, NWSA, PCLN, ROST, HANS, QCOM, DISH, ISRG, ESRX CEPH, EXPE, HOLX, ILMN, CERN, SPLS, MCHP, INTU, APOL, HSIC, DELL, VRSN, CTAS, GENZ and CTXS.
Check out these charts:
(click image to enlarge)
Stocks to Watch on Friday
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, URE, BLUD, DECK, GES, GPRO, USD, BAP, BKC, CBST, SNA, FSLR, CPLA, MYGN, RIMM, FAZ, AMED, BIDU, CLB, DV
Moving Above 30 DMA = 2
HANS, ORCL
Moving Below 30 DMA = 1
PSYS
Staying Below 30 DMA
BYI, WAB, JCOM, EBAY, FAS, UYG, NFLX, DLTR, ICE, JOSB, JOYG, PWRD, AAPL, GME, CHL, FLS, RBN, SLGN, ATW, CAM, PPD, JEC, GMCR, SWN, TRLG, ESI, FUQI
Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
1 comment:
Thanks for the comments and all your hard work
PS Am I missing something, the Blog looks the same still, with lots of great information
50 BDK
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