Monday, July 31, 2017

DJIA/DIA New All-time Closing High Led by HD, CVX…CHTR +5.85 Leads NDX/SPX…AAPL EPS After the Close Tuesday…



After the close Review of VIX, SPX, DIA, SPY, IWM, QQQ, AAPL, MCD, C, FAS, NKE, UNH, CCL, RCL, NCLH, ZION, AAL, EA, NVDA, EA, NVDA, AMD, STT, ETFC, JD, ADBE, MSFT, PYPL, FB NFLX, ATVI, SYMC, AXP, V, TLT, LU, XLE, CMCSA, WVA, TRV
© 2017


Three sectors were higher led by financial XLF +0.72% and utilities XLU +0.34%

SPY down .14 at 246.77 on 65.8 million shares, 12% above avg.  Down slightly on increasing volume.
VIX down .03 at 10.26.
Oil up .38 to 50.17
TLT up .15 at 124.04…on 5.4 million shares, 21% below avg.  Up on slightly higher volume.


HD +1.03% and CVX +0.99% led the DJIA, 20 advancers.
SCG +5.03%, AMG +4.02% eps and IRM +3.52% led the SPX.
CHTR +5.85%, LVNTA +4.74%, COST +3.68% and CMCSA +2.35% led the NDX.


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

Up: DIA,
Down: SPY, IWM, QQQ

Uptrend sectorsXLK, XLY, XLB, XLF, XLV, XLI,
Neutral sectors: XLRE, XLU, XLP, XLE
Down trend sectors:

Breadth was steady on Monday as advancers led 1,545 to 1,361 on the NYSE and decliners led 1,568 to 1,236 on the NASDAQ.

The SPY MFC green line is at 90, bullish.


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

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
COST

Moving Below 30 DMA = 7 
AMAT, AMZN, CSCO, DISCA, FAST, REGN, TMUS


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 31…

NDX
Monday = DISCA
Tuesday = AAPL, IDXX, INCY, ILMN, FISV,



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6 comments:

Unknown said...

Thanks again, Dave, for your daily insights. I have bookmarked your page and check several times a day. Would you consider live streaming on youtude? Or posting videos on youtube? Anyhow truly appreciate what you've done for us all these years.

Michael Hayes said...

thank You Dave

Michael Hayes said...
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Michael Hayes said...
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Unknown said...

Hi Dave,
How I can subscribe to this blog so i get email when you post. Currently subscribe button is not working.
Thank You
Deepa

Unknown said...

I really look forward to hearing your market talks. They are so interesting and you present the material quite objectively. It would be great if you posted a tentative schedule so that followers would know when to check in. While the lessons can be absorbed after the fact, they have the most impact when closest to real time. Do you intend to post on Mondays, Wednesdays, and Friday like last week? For now, I'll just check back often, as I don't want to miss anything. Thank you.