Monday, November 7, 2016

Monday Bull Flags Bounce as SPX Jumps Following FBI Announcement...VIX Fall Confirms...



3:15 pm ET - Before the close...

The SPY MFC green line is turned up at 15, bullish

95 of 100 NDX stocks moving higher on Monday.

43 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 23
ADBE, ADSK, AMAT, CSCO, CTXS, ESRX, FAST, HSIC, INCY, LRCX, MDLZ, MU, MXIM, NVDA, PCLN, QCOM, SBUX, SIRI, VIAB, VRTX, WBA, WDC, XLNX,  

Moving Below 30 DMA = 1
ALXN,  

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up




11:00 am ET - Since 9:36 am ET SPX moved above 2,115 and has stayed above that level.  Move back to bullish postureMFC green line also turned up this morning. 

3-day Short Term Market Trend: Up



Check out these Monday morning Bull Flag Bounces: NVDA, CMA, C, WDC, STI, ZION, BAC, MSFT, JPM, GS, TMUS, USB, QCOM, DPZ, EXPE, MDLZ, HAS, MXIM,



Monday morning Positive Earnings Reactions: SYY, FDC, RACE,




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