This is classic stuff...This guy is so good I'm going to start listening to him...I thought about keeping it to myself but I just can't resist sharing this with my friends...
Enjoy and if you like it...share what you like about it in the Comments section below or tell us at chartsignals@yahoo.com
Part 1
© 2017
Part 2
DIA surges to all-time closing high on strength in VZ and BA.
Four sectors were higher, led by energy XLE +1.02% and staples XLP +0.98%
SPY down .23 at 247.20 on 70.7 million shares, 18% above avg. Down slightly on increasing volume.
VIX up .51 at 10.11.
Oil up .43 to 49.15
TLT down .61 at 123.16…on
6.3 million shares, 14% below avg. Down on declining volume. Watch horizontal support setup, Bounce
or Break?
VZ +7.68% positive eps reaction and
BA +3.23% led
the DJIA, 17 advancers.
KIM +6.48% eps, CHTR +5.20%
eps and FOXA +5.15% led the SPX.
ADP +9.11% eps, SIRI +8.16% eps, TSCO +7.73% eps and ORLY
+7.41% eps led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA,
Down:
SPY, QQQ, IWM,
Uptrend
sectors: XLV, XLK,
XLY, XLB, XLI, XLF,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down trend
sectors:
Breadth weakened as decliners led 1,602 to 1,267 on the NYSE and led 1,863 to 945 on the NASDAQ.
The SPY MFC green
line is at 93,
bullish.
________________________________________________________________________________
Look for a potential
bounce in: MCD, NKE, UNH, CCL, RCL, AAL,
WYN, MS, FAS, ETFC, IWM, GOOGL, TLT, MU, JPM, WFC, BAC, C,
One Day Pullback: NVDA, AMD, MCHP, AMAT, HUN, NFLX, SPY, WB,
AAPL, KWEB, V, ADSK, JD, QQQ, ADBE, SQ, AMZN, SPY, FCX, MOMO, CC,
Potential Breakouts include: BABA, SWKS, WUBA, C, SCHW, XLY, MAR, WMT,
New
Highs: BA, VZ, MNST, FB, BIDU, RACE, WUBA, PYPL,
_________________________________________________________________________________
35 of 100 NDX stocks closed
higher and two were unchanged on Thursday.
68
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
ORLY, SBUX,
Moving Below 30 DMA = 12
AAL, ADI, AMGN, CA, CTXS, ESRX, GOOG, HSIC, ILMN, ISRG, JBHT, TMUS,
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,
Thursday
= KIM, EQT, HST, FTI, ALLE, JCI, FFIV, WHR, PSA, IVZ, LUV
Friday =
Just for fun again: Click Here
If these don't make sense ask a friend if they can help you interpret literary devices. 😎
Add Comments here
Add Comments here
14 comments:
Okay, I'll take the bait. Was your stage name Dave Koz?
Evenin Dave or early mornin Dave. ;-)
Great video. It almost felt like I was back into the Thursday AIATA, appropriately also on a Thursday.
It ended abruptly and much too quickly around 25 min. Not sure if that was purposeful or It was a computer issue on my part but what I saw was fantastic and much appreciated. It was very clear and concise. I really appreciated the detailed explanations on the price action of today. Also it was great to hear your voice again, Can't wait for more. Also sent an email with more particular questions. Hope you and S are enjoying this as much as I am, as much as I am sure everyone is.
Thanks again Dave,
Andrea
Andrea...there is a part 2...DJ
Fantabulous Famous Dave! Like the way you dive in to the technical nuts and bolts, can't ask for more than a basket of actionable setups to paper trade, along with detailed analysis of the tech rationale. Also appreciated the comments about going to candle trend, that's been bugging me and it feels natural to get the Prophet like colors back again. Mahalo!
Just like Thurs. night back in class. Where ever the teacher is........class is going on.It's nice to just click on those 2 videos. So much good stuff is there.
What a delightful surprise to which to wake up (at my usual 5 a.m.)! The endorphins are now flowing, and so this will certainly become a daily habit!
It was interesting to notice that the XLI did not follow the DIA at all yesterday.
Thanks for videos, Dave!
Awesome Dave! This info is so great to help me learn to be a better trader!
Thanks huge!!!!!
Thank you, Dave, for the videos. Great explanation and I am truly enjoying it. Yes, what a day it was on Thursday. Again, much appreciation for teaching us.
Videos were great! I'm so glad to have found you here so that I can continue to benefit from your teaching. I figured out how to make the videos full screen, so the image became clear for me. You have a great speaking voice, in addition to your sharp technical insights, so the instruction was music to my ears!! Great way to start my Friday. Thank you. Looking forward to the next one.
Dave great as always. TY
Excellent. Clear, concise and most importantly you indicate what you are thinking when examining a chart. Very important to understand how you interpret what you see.
Thanks Dave
I liked the videos. Comprehensive, concise and not overwhelming. I liked just a few trades shown and your looking at the market from all angles and you did a great job of taking your time and explaining. Thanks so much.
Thank you, Dave! I didn't know where you were, so I'm glad to have found you are here! Just watched the Friday video. Good overview, nice length, and so many possibilities for good trades. Thank you for your passion! I still have so much to learn.
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