Monday, June 12, 2017

SPY, DIA, IWM Buyers Sellers Balanced on Monday…Financials Rise as FOMC Meets Tuesday and Wednesday…



SPY, DIA and IWM closed slightly lower on Monday as buyer balanced sellers.
Four sectors were positive, led by energy XLE and real estate XLRE.

SPY down -.05 at 243.36 on 86.1 million shares, 24% above average.
VIX up .76 to 11.46.
Oil rises +0.10 to 46.00
TLT down -.04 at 124.36…on 4.3 million shares, 40% below average.
GE +3.58% and CVX +1.54% lead the DJIA.
UAA +5.76%, KIM +3.99% and AN +3.42% led the SPX.
CTXS +3.23%, AKAM +2.89%, CTAS +2.10% and FOXA +2.06% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is neutral.

Up:
Down: SPY, DIA, IWM, QQQ,

Uptrend sectorsXLY, XLP, XLV, XLI, XLU, XLK, XLRE, XLB

Breadth weakened as advancers led 1,481 to 1,421 on the NYSE and decliners led 1,624 to 1,199 on the NASDAQ.

The SPY MFC green line is pointed down in its upper zone at 88, bullish.


Look for a potential bounce in: CSX, TSLA, SQ, RCL, ADSK, BABA, NVDA, EXPE, ANET , SPY, AMD, MCHP, AMAT, AVGO, DDD, QQQ, TLT, V, MNST, WMT, WB,  EA, XLY, WYN, MAR, CC, HD, HUN, ADBE, MOMO, KWEB, JD, BBY, MCD, BBRY, AMZN, SHOP, LRCX, RACE, SWKS, PYPL, KLAC, NFLX, ATVI, YHOO, XLNX, AMD, FB, WDC, GOOGL, CC

One Day Pullback:


Bounces included:

Break of short-term support: BIDU, AAPL, ADSK,

Potential Breakouts include: SPY, AMD, BBRY,

Breakouts: DIA

New Highs


47 of 100 NDX stocks closed higher and one was unchanged on Monday.

57 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
ADI, CA, CELG, DISCA, LNTA, PCAR, VIAB

Moving Below 30 DMA = 10
AMZN, ATVI, CTRP, EBAY, GOOG, MDLZ, SBUX, SWKS, XLNX, XRAY


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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