SPY and DIA horizontal
breakout to new all-time closing high.
QQQ horizontal breakout setup.
IWM horizontal breakout setup.
Nine sectors were higher, led by real estate XLRE +1.00% and technology XLK +0.89%
SPY up 1.14 at 245.56 on 60.2 million shares, 8% below average.
VIX down .39 to 9.51.
Oil up .58 to 46.68
TLT up .15 at 123.33…on
6.5 million shares, 16% below average.
WMT +1.72% and MSFT +1.41% led
the DJIA, 25 advancers.
NTAP +5.46%, NRG
+4.68% and
FOSL +3.37% led the SPX.
STX +3.08%, NVDA +2.69%, CTRP +2.35% and
TSCO +2.32% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, SPY, DIA, IWM,
Down:
Uptrend
sectors: XLI, XLB,
XLF, XLV, XLY, XLK
Neutral
sectors: XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth strengthened
as advancers led 2,100
to 811 on
the NYSE and led 1,558 to 1,217 on the
NASDAQ.
The SPY MFC green
line is pointed
up at 76,
bullish.
Look for
a potential bounce in: C, JPM, WFC, PNC,
MS, SCHW, BAC, ADP, JBHT, BBRY, LUV, UAL, ALK, AMD, MOMO, MNST, CCL, MCD, XLNX,
SHOP, EA,
At
support: RCL, MAR, WYNN,
One Day
Pullback:
Bounces included:
DDD, MU,
Potential
Breakouts include: QQQ, IWM, XLY, WMT, FAS, KWEB, CC, ADBE,
ATVI, WDC, EXPE, AABA, CSX, KLAC, AVGO, AMZN, MCHP, ANET, GOOGL, MMM, JD, WYN,
HUN, NVDA, AAPL, ADSK, SWKS, WB, TSLA, LRCX,
Breakouts:
SPY, DIA, NFLX, AMAT, BIDU, KLAC, AVGO, V, HUN, NVDA, AAPL,
Break of
short-term support:
Bear flag:
COST, TLT,
New Highs: FB, WUBA, ETFC, BABA, TAL, V, AAL,
RACE, SQ, BA, CSX, WDC, PYPL,
82 of 100 NDX stocks closed
higher and one was unchanged on Monday.
69
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 9
CSCO, CTXS, HOLX, HSIC,
IDXX, KLAC, MU, QCOM, VIAB
Moving Below 30 DMA = 1
WYNN
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
2 comments:
Dave,
Thank you! And the Workshop was great! :)
Kathy :)
Kathy,
You are welcome!
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