Share your experience with the video in the Comments area below or
email us at chartsignals@yahoo.com
After
the close a weekly video review of these
charts DIA, QQQ, SPY, IWM, VIX, XLV,
XLI, XLF, BIDU, ADP TSCO, ORLY, SIRI, EA, JD, FB, MELI, GILD, STX, WDC, CA, AKAM, MAT, HAS, MU, SBUX, VRTX, KLAC, BA, VZ, CAT, WMT, CVX, DIS, MMM, UTX, JNJ, NKE, IBM, FCX, SNI, ALGN, BHGE, COTY,
NFX, KIM, CHK, NEM, MUR, IPG, FLS, UHS, JCI, EVHC, MO,
GLW, GT, RHI, WHR, MCD
© 2017
Bonus
weekly video of bull flag setups - NKE, CCL, RCL, AAL, ETFC, IWM, NVDA, FAS,
ZION, EA, JD, FB, ADBE, ADSK, AMD, MS, C, BAC, STT, PYPL, MSFT, UNH and TLT divergence
© 2017
DIA surges to all-time closing high on Friday.
QQQ, SPY, IWM forming a bull flag.
Two sectors were higher and one unchanged, led by healthcare
XLV +0.50% and industrials XLI +0.23%
CVX +1.89% positive eps reaction
and UNH +1.18%
led the DJIA, 15 advancers.
ALGN +10.05% eps, MHK +4.33%
eps and COL +4.32% led the SPX.
BIDU +9.45% eps, EXPE +3.40% eps, ALXN +3.04% and
INCY +2.28% led the NDX.Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
DIA,
Down:
SPY, QQQ, IWM,
Uptrend
sectors: XLK, XLY,
XLB, XLF, XLV, XLI,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down
trend sectors:
Breadth strengthened
as advancers led 1,543 to
1,329 on
the NYSE and decliners led 1,482 to 1,315 on
the NASDAQ.
The SPY MFC green
line is at 91,
bullish.
49 of 100 NDX stocks closed
higher on Friday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
AMGN, CMCSA, TMUS
Moving Below 30 DMA = 4
KLAC, MAT, SBUX, WDC,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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,
Thursday = KIM, EQT, HST, FTI, ALLE, ALGN,
MHK, JCI, FFIV, WHR, PSA, IVZ, LUV
Friday = COL
Friday = COL
Add Comments here
35 comments:
Great start to my weekend analysis! I appreciate the calm, positive attitude, which counteracts all the hysteria in the media.
Dave: It is great to be able to monitor your thoughts processes again. I enjoyed your insight into the price action of the $SPX. It was spot on and I have monitored it each day since your video. To be able to interact with an excellent technician is a great blessing. Just know WE appreciate your efforts and pray they continue. Just finished monitoring the "before the close" video. Quite helpful in preparing for Monday's trading. Thanks for all you do. "The Beat Cop"....missing you in Chicago this weekend...
I am still learning something new and getting valuable reinforcement every single time I listen to you. Thank you for providing this resource for us.
Particularly enjoyed listening to the differentiation between short-term and intermediate-term analysis. The weekly candle comparison versus daily candle is helpful as well.
Tenora, Thank you...calm, objective reality is what I do...others are trying to hook people by using an emotional subjective opinion...glad you see the difference...DJ
Bobbypin, thank you...someone said "for things to change, I must change," it was my time to change so I could step up and do what I was capable of for the benefit of traders who want to take their trading to a higher level...DJ
Larry and Beverly...thank for sharing you're insights...Have a great weekend...DJ
Thanks Dave...........I appreciate your love for teaching others on how to see the charts. I always learn something for you. Thanks again!
2 great videos good reinforcement to help with my confidence, discipline and education.
THANKS AGAIN DAVE
Thanks again Dave. You are teaching us to be Master Chess Players. Looking forward to your great blog.
Great Videos. Were there crickets in the room with you?
Thanks Dave. Love the insight and look forward to what you have in store for us going forward! Enjoy the weekend!
I enjoyed the insight of using the intraday chart to help see that support was potentially established on the SPX. Looking forward to seeing next week's videos.
Bob
Thanks, Dave, you have always gone above and beyond!
- Alan Sloan
Great Videos - always learning
Well, I knew we'd all congregate here, eventually. The writing was on the wall for a couple years, now. This is where we belong. This is home. This is Dave Johnson's blog. This is paradise on earth...or, at least, on Wall St. It. just. feels. right. Ahhhhhh, yeah.....
Thanks, Dave! You are a saint!!!
--Steve Cooper
Hi Dave
I really like your videos, especially giving us insights at the beginning of the trading day, before the close and post close. The bonus video for bull flags is very helpful to keep an eye out for next week. Great to see so many setups.
Thanks,
Mary
Dave,
Thank you for starting the videos and continuing the Chart Signals blog. I sincerely appreciate your positive, objective and accurate, information rich perspective. You make it look easy … although I know it certainly is not. Thank you for continuing to share your insights into how to analyze the trend of the markets from a broad as well as more nuanced, subtle nuts and bolts view on the finer points that only a seasoned professional would know. Appreciated the nuances on bull flag patterns, and intra-day basing or reversal patterns following sell offs as indicators of patterns worth considering in the “weight of the evidence,” as well as potential set ups for bullish trades. Insights into intra-day volume in selling and buying pressure on the VIX. With so much that is negative or misleading, I appreciate your positive, grounded and accurate perspective. It is great to hear your voice…over time teaching us how to navigate the charts for ourselves, and demonstrating set ups. I struggle now to follow other coaches who are not as rich in content, are less clear in articulating content, speak to their opinion, and use small price action charts with lots of larger study sets underneath. I’ve grown to appreciate your practical/simple and focused approach.
Sincerely,
Warren
Great "Bonus Video"! Multipule Plan 1 Set Ups + nice plan 4 on TLT
Reinforcing "earnings flag opportunities
Focusing on "The Weight Of The Evidence" and always follow your "RULES"
Thanks Dave!
Ray
Dave, Thank you for your insight and giving us your weekly wrap up. Love it!!! Thank you so much for being hear for us.Looking forward to watching it on a daily basics.
Regards,
Basil Luxkan
Dave... Thank you for taking the time to provide your insight on the market following the trend. Your commitment to teach others how to become better technical readers is appreciated. Love your insight on the SPX, BF and focusing on the weight of the evidence.
Thank you,
Angela R
Thank you for the "weekly wrap-up" video. It was very informative, and I am still picking up new concepts, tactics and techniques!
Dave,
Thanks so much for the videos.....It is especially helpful to hear your take on the intraday market activity, and to get your thoughts about what it could mean, in real time.
This format works especially well for those who have access to the computer throughout the day. It seems you always find a better way to provide the direction we aspiring traders need to get us to the next level!!!
Thank you!!!
Fayburn
Dave:
Thanks so much for the video's. Very helpful Thanks for all the extra.
Robert
CANI_212
Dave,
Thank you for your continued insight. I'm sincerely looking forward to following this blog.
Thanks,
Ty Soukup
Denver
No video playback on my iPhone7 but will head over to the computer Dave! Thanks a bunch!
Nate, on my android phone video is fine, also I can expand the size
maybe you need a apps
mike
Dave, as I finish my setups this morning, I am looking at TLT, which you list as a divergence trade. It does look like a good swing trade, with the previous high as a target, but I don't understand the divergence. I see higher lows. What am I missing?
Tenore Primo do you have the MACD on your chart if you look at july 10 or 11 it have a roughly the same low as july 27 but when you look at MACD the blk line is at -.75 for july 10 and for july 27 the blk line is at -.25
Tenore...divergence occurs with similar or lower lows...in the case of TLT it is a similar low...however always trade what you see...DJ
Great info and analysis.
Thanks Dave!
Thanks, Michael and Dave. It was the ""similar low" that I was having the trouble with. Now I'm pondering whether a potential gain of 1.60 (the 125.8 area looks like some strong resistance) is worth the risk of 2.60.
Thank you, Dave, for you excellent commentary! It is very helpful and much appreciated!
Thanks, for update. 👍🏼
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