Check out the video below...
AKAM -14.62% on EPS reaction and
price target cuts by analysts.
BA +9.88%, +20.99 on EPS reaction
FB +3.32%, +5.49 in after-hours on EPS reaction as profit jumps 71%, new all-time high.
DIA breaks through horizontal resistance to make
all-time closing high.
QQQ makes another new all-time high on Monday.
SPY pauses at resistance following breakout for
second day.
IWM pulls back to test Tuesday’s breakout.
Five sectors were higher, led by utilities XLU +0.95% and real estate XLRE +0.83%
SPY up .01 at 247.43 on 47.5 million shares, 10% below avg. Flat on declining volume.
VIX up .17 at 9.60.
Oil up .17 to 48.72
TLT up .20 at 123.77…on
8.4 million shares, 13% above avg. Up on declining volume.
BA +9.88% eps beat and KO +1.11% eps
beat led the DJIA, 14 advancers.
T +5.00% eps beat, AMD +4.61% eps raised guidance and AMP +4.47% led
the SPX.
BIIB +4.47%, EA +3.82%, CTRP +3.18% and
JD +3.17% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, QQQ, SPY
Down:
IWM,
Uptrend
sectors: XLV, XLK,
XLY, XLB, XLI, XLF,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down trend
sectors:
Breadth weakened as advancers led 1,457 to
1,423 on the
NYSE and decliners led 1,453 to 1,340 on the NASDAQ.
The SPY MFC green
line is at 94,
bullish.
_________________________________________________________________________________Time to consider an SPX Bear Call Spread? Wednesday’s Demo…
© 2017
Demonstration
provided for informational purposes only, not a recommendation to buy or sell
any security.
There is a problem with the video in the iPhone mobile Safari
browser. It is showing a shadow video
that does not exist. Only the
video with the Arrow on it is real and it does work fine. We removed the original post in attempt to get rid of
the shadow video and sadly the 22 comments disappeared. We reposted and the shadow is still
occurring in Safari. If you have a copy of your original comment this
afternoon, please repost it. Thank you.
_________________________________________________________________________
Look for a potential bounce in: CCL, EXPE, AAL, TLT, GOOGL, MU, RCL,
At
support: WYNN, ALK, UAL, LUV, JNJ, BBRY, COST,
One Day
Pullback: MS, FAS, HUN, ETFC, IWM, MCD, MS,
JPM, WFC, BAC, PNC, WDC, WYN,
Bounces included:
AABA, CSX, BIDU, TSLA, SHOP, AMAT, KLAC, SWKS, ADP, ATVI, BABA, NVDA, XLNX,
MCHP, TAL, KLAC,
Potential
Breakouts include: AMAT, AMD, MCHP, TAL, NVDA, BABA, SWKS, NFLX,
YPL, WUBA, AABA, SPY, JBHT, C, SCHW, XLY, MAR, WB, ANET, AAPL, WMT,
Breakouts:
ATVI, ADP, BIDU, DIA, AVGO, EXPE, EA, LRCX, KWEB,
Break of
short-term support: MMM, DDD,
Bear flag:
New Highs: BA, RACE, V, MNST, ADSK, BIDU, JD, FB,
AMZN, QQQ, ADBE, SQ, SPY, FCX, AABA, WUBA, PYPL, NFLX, MOMO, CC,
66 of 100 NDX stocks closed higher and two were unchanged on Wednesday.
78 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
AAL, ADI, DISCA, ESRX,
ILMN, PAYX,
Moving Below 30 DMA = 5
AKAM, CMCSA,
DISH, VIAB, WYNN,
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 24…
DJIA
Tuesday =
DD, MMM, UTX, CAT, MCD
Wednesday = KO, BA
Thursday
= PG, VZ
Friday = MRK,
XOM, CVX
NDX
Monday =
Tuesday =
STX, BIIB,
PCAR, AKAM, WYNN, AMGN, TXN,
ESRX
Wednesday = GILD, FB, LRCX, PYPL, TSCO, XLNX, VRTX
Thursday
= CMCSA, SIRI, ADP, CELG, CHTR, ORLY, EA, EXPE, INTC, MAT, SBUX AMZN, WDC,
KLAC, BIDU
Friday =
AAL
Notable SPX
Monday =
Tuesday =
T, AMP, NEM
Wednesday
= AMD, LH, NDAQ,
STT,
Share your experience with the video in the Comments area below or
email us at chartsignals@yahoo.com
21 comments:
I am a mac user with Safari, and the video seemed perfectly normal to me. BTW, my previous comment was:
Great piece of education! Thanks for sharing it with us, Dave.
Dave, thanks for the heads up on the reasonableness of a hedging strategy at this juncture. I'm always late to this strategy and hence give back my profits when the broad market is at resistance or showing weaknes. With the help of my hopium, I fully believe SPX will reach 2504 area and can't clear my eyes for the possible dangers ahead. Thanks for pinching me just at the right time ... hello TIME TO HEDGE! :).
BTW the video and sound quality was excellent
Running Windows 7 Pro no problems with video. I wonder who's going to enjoy your retirement more, us or you? As always Dave, Thank you!!
Great demonstration!
Thank you, Dave!
Hi Dave
Video and sound good on my machine.
Thx for the coaching of caution with this legging in setup. My IC SCV's were getting tested at the 2470 short call side. Finally closed the call side and rolled up the put side to offset the debit, which went well.
I'm interested to see how the legging in strategy will work. .. Thx for the instruction always very valuable. Good to "see" you.
Tenore...thank you for that clarification...specifically the problem was occurring in iPhone mobile Safari. The good video is working fine, the shadow video does not work. DJ
Tom O...The chart suggests the 2504 area is likely and I concur with that technical probability. The probability table suggests a 21.4% of closing at 2505 or above. The question is time. If the SPX does pull back then theta will work in favor of the bear call. If it doesn't pull back in the next few days, there is still an 78.59% probability the trade would make the expected profit. If the 21.4% probability occurs this time then we just need to manage the trade by making strike and/or time adjustments between now and expiration. DJ
Gary...thank you for that feedback on Win 7. As far as I am aware all desktop and laptop Win based systems and browsers are showing the video properly. It is the iPhone mobile Safari browser that is showing a real (that works) and a fake video (that doesn't). BTW not retirement, rather a new stage that will ultimately have better seating, lighting, audio and special effects (an analogy) to create a more robust learning experience (a reality). DJ
Video looks good on Firefox and Safari from my Macbook; however, I did see earlier today and this evening the double image on my iphone. As you mentioned though, only one has the option to play and you only mention one video to watch in the blog.
Reposting from earlier:
Dave, it is great to hear your voice and see the beginning of "Dave unleashed" :) I was prepared to watch re-runs of Dave on the Investools site while they lasted. Still will continue to glean what I can from them. However, glad we can still continue to learn under your tutelage live if we can catch it or asynchronously on Chart Signals.
Thank you!
Warren, thank you! DJ
Hi Dave,
Great to see this video up! It's just like our old Wednesday Advanced Options class. Appreciate your thinking at this resistance area. Thank you for this.
Thank you Dave. Great video. You trained us well as I put on a similar trade in the final 15 minutes as today's candle began to form a bearish engulfing of yesterday's candle. Appreciate all of your posts as the day unfolded today and especially the video demonstration at the end. As always, thanks for all that you do for us!
Great to see you back in action! By the way, I have a MacBook and use Safari. The original video worked fine. I took the SPC paper trade for .95 credit late after hours. I will see if it fills this morning. Thanks!
Thank you, Dave, for your postings everyday that will help keep us abreast of the market. Thank you for the video as well, which was very helpful. I watched the video on my PC Windows 10...so no problem there. Again, thank you, Dave, for all the help you give us. We truly appreciate it!!
Video Post Feedback
Good Morning Dave, I’ve tested your video on multiple computers and devices I have available. Below are my results on Video and Audio for each operating system and the browser type/version.
Dave’s Video "Time to consider an SPX Bear Call Spread? Wednesday’s Demo…”
macOS Sierra version 10.12.5
Safari Version 10.1.1
Video - Good, I need to double click the video to go to Full Screen. My Safari browser doesn’t display the Pause/Play, Audio and Full Screen Controls(Buttons). Video is clear, I can see the text and numbers with no issues.
Audio - Good, I can hear it clearly
Chrome Version 60.0.3112.78 64bit
Video - Good, I have the Pause/Play, Audio, and Full Screen Controls(Buttons). Video is clear I can see text and numbers with no issues.
Audio - Good, I can hear it clearly,
Windows 10 Pro 64 Bit
Microsoft Edge, Internet Explorer - Version 11.483.15063.0, & Chrome,Chrome Version 60.0.3112.78 64bit
Video - Good, Playback Controls are visible when hovering over the video.
Audio - Good, Its clear.
iPad Pro 9.7 IOS 10.3.2
Safari Browser
Video - Blurry, I can make out the numbers but just barely, Audio/Video Controls are visible
Audio - Good, Its Clear
Iphone 6s IOS 10.2
Safari Browser
Video - Good, Video is clear, Just my screen is sooo small =), Audio/Video Controls are visible
Audio - Good, Its Clear
Great video. worked fine for me. I guess I need to brush up on verticals and condors!
Thanks so much for doing the video always fun to learn that I need to learn more.
The SPX BCS filed this morning at 1.10
Thanks for the video, Dave! I took the opposite approach yesterday, being concerned about the SPX uptrend continuing. I sold the 2455/2450 SPV (one or two strikes below likely support) about 15 minutes after the Fed announcement. After viewing your video and being reminded to look for weakness in the uptrend, I added the 2510/2515 SCV (~81% prob. OTM) this morning, completing the IC. Total premium was $1.70 - not too bad for the VIX being below 10! Hopefully management will not be necessary before expiration, but I am ready if it is.
Wow Dave. Legging in to the SPV today has good premium at the short 2450 channel support or about a $1 a little lower at the 2445 short put vert. Amazing how you're able to see this price action. Will continue to practice with the goal of approaching your skill.
Thank you for your instruction.
Loved the video Dave!
Great Session! Definitely worthy of my highest evaluation! :)
Thank You!
Matthew R
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