Two of nine sectors moved higher on Monday …XLV,
XLP and XLK
were the strongest sectors while XLB was the weakest sector. Oil futures fell 1.17 to close at 35.46.
Breadth weakened as decliners led advancers 1.36 to 1
on the NYSE and 1.87 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – strengthened, advancers led on NASDAQ
Thursday - weakened, advancers led on NYSE
Wednesday – weakened, advancers led
Tuesday –
strengthened, advancers led
SPY down .67
at 206.92 on 63.4 million shares, 36% below average volume
VIX up 1.02 at 14.12…
Technical Commentary:
SPY -0.32%, DIA -0.34%, QQQ -0.38%, IWM -0.84%.
Today SPY, DIA, QQQ and IWM pulled
back on light volume.
Healthcare
stocks VRTX, ALXN, ISRG, BIIB and ILMN were among NDX leaders.
Trade
what you see, not…
Stocks below support should generally be traded bearishly until a reversal pattern forms.
Remember: “It’s
a market of stocks, not just a stock market.”
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
The SPX MFC green line is pointed up at 96.
25 of 100
NDX stocks closed higher on Monday.
83 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
EBAY
Moving Below 30 DMA = 4
CSX, MU, PYPL, WDC
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Neutral
No comments:
Post a Comment