Earnings were the big movers this week.
Big EPS gainers included NFLX,
CTAS, V.ETFC, COF, MCO, SYF, JNJ, UNH, MS and V.
EPS losers included CSX, UAL, IBM, NTRS, CHKP, ISRG, MXIM, GE,
EBAY, KEY, UNP and SHW.
Five sectors were higher, led by utilities XLU +0.72% and real estate XLRE +0.19%
SPY down .22 at 246.88 on 88.7 million shares, 38% above average.
VIX down .22 to 9.36.
Oil down 1.43 to 45.60
TLT up .53 at 125.69…on
6.2 million shares, 13% below average.
V +1.52% and NKE +1.44% led
the DJIA, 11 advancers.
COF +8.55%, ETFC
+5.13% and
SYF +4.54% led the SPX.
CTAS +9.19%, NFLX +2.69%, VRTX +2.41% and
TMUS +2.39% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
Down:
QQQ, SPY, DIA, IWM
Uptrend
sectors: XLV, XLK,
XLY, XLB, XLI, XLF,
Neutral
sectors: XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth weakened as decliners led 1,500 to 1,379 on the NYSE and led 1,566 to 1,235 on the NASDAQ.
The SPY MFC green
line is at 92,
bullish.
Look for
a potential bounce in: PNC, BABA, KWEB, CC,
MS, HUN, EXPE, TAL, AABA, WB, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD,
XLNX, ALK, JBHT, WMT, WYNN, ANET,
At
support: CSX, DDD, COST, UAL,
One Day
Pullback: KLAC, MMM, MCHP, IWM, AMZN, CCL,
JNJ, AVGO, AAPL, AMAT,
Bounces included:
WYNN,
Potential
Breakouts include: WDC, XLY, TSLA, RCL, ADSK, MS, MNST, DIA,
ATVI, MOMO, MAR, FAS, CC, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS,
ADP, BBRY, DIA, EA, LRCX,
Breakouts:
ETFC,
Break of
short-term support:
Bear flag:
New Highs: ETFC, BA, RACE, NFLX, V, SQ, BIDU, SPY,
FB, AMZN, PYPL, TAL, AABA, WUBA, QQQ, ADBE,
47 of 100 NDX stocks closed
higher and one was unchanged on Friday.
72
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
CMCSA, CTAS, TMUS, WYNN,
Moving Below 30 DMA = 6
ADI, HOLX, ISRG, MXIM,
NTES, XLNX
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
Earnings Week of July 17…
DJIA
Tuesday =
GS, JNJ, UNH, IBM
Wednesday
= AXP
Thursday
= TRV, V,
MSFT
Friday = GE
NDX
Monday = NFLX, JBHT
Tuesday =
CSX
Wednesday
= TMUS, QCOM
Thursday
= CHKP, ISRG, CTAS, EBAY, MXIM, SWKS
Friday =
Notable SPX
Monday = NFLX
Tuesday =
BAC, CMA, LMT, UAL
Wednesday
= MS, USB, NTRS,
AA, URI
Thursday
= KEY, UNP, PM, ETFC, COF, SHW, NUE,
Friday =
STI, SLB, KSU, HON,
RF, MCO, CL, SYF
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9 comments:
FYI:
23:46 EDT, 07/22/2017 (ZingBenza.com Newswires)
David Johnson Inc. (symbol JNSN) successfully launched its IPO on Friday, July 21. In an unusual move in IPO history, JNSN chose to time the IPO to launch 90 minutes after the close of the markets, in front of a weekend. Asked why the company chose this ground breaking strategy, a senior company spokesperson replied "We want to make sure that subscribers to this IPO are in it for the long term growth of the company, and not just a quick flip. As we are committed to helping and working with our clients for years to come, we want our investors to be committed also."
An early pricing call in the later hours of Thursday, July 20 gave a peek that demand for JNSN would be incredibly strong. According to some analysts the IPO was oversubscribed by as much as 6:1 at the IPO price. Someone familiar with the company said that the angel and venture investors were not planning to sell more shares "any time soon" and "allocations will be very tight." The unnamed source added "There might be opportunities for new buyers, but I think it's going to take a while before the current shareholders are willing to sell and take some profit."
Reports of afterhours trading following the IPO indicate that the stock traded 35%-45% higher in the secondary post-close market, in the few minutes before all trading ceased for the weekend. Analysts were shocked by the magnitude of the move in such a short time, especially in front of a weekend. One analyst said "We didn't see this coming. But now that the horse has left the barn, we think it's going to run pretty far. We are initiating our coverage with 'STRONG BUY' and 'OUTPERFORM' recommendations."
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John D.,
;D
Kathy :)
JNSN (David Johnson Inc.) is a buy and hold indefinitely. We are long the stock, John D.
Matthew & Janet
Thank you, Dave!
Kathy :)
John D - A+!
Very imaginative writing...thank you for the complement! DJ
Excellent Video I just watched on paper Did not actually take the trade. Should have taken it . Thanks Looking forward to more of similar trade demos
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