Earnings start Friday with JPM, C, WFC and PNC.
SPY in diagonal channel breakout setup.
DIA in bull
flag pattern.
QQQ short-term horizontal reversal breakout setup
following a MACD divergence.
IWM bounced at short-term support, similar low.
Two sectors were higher, led by energy XLE +0.55% and technology XLK +0.22%
SPY down .18 at 242.19 on 50.3 million shares, 24% below average.
VIX down .22 to 10.89.
Oil up 1.21 to 45.76
TLT up .21 at 123.11…on
4.4 million shares, 43% below average.
GE +1.31% and BA +1.13% led
the DJIA, 14 advancers.
MNK +2.84%, DVN
+2.69% and
AA +2.52% led the SPX.
TSLA +3.53%, MU +2.85%, WDC +2.78% and
VRTX +2.73% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, QQQ,
Down:
DIA, SPY,
Uptrend
sectors: XLF, XLV,
XLI, XLB, XLY
Neutral
sectors: XLK XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth strengthened
as advancers led 1,507
to 1,369 on
the NYSE and led 1,459
to 1,347 on the NASDAQ.
The SPY MFC green
line is pointed
down at 54,
defensive.
Look for
a potential bounce in: DIA, AAL, JPM, MS,
SCHW, C, WFC, BAC, ETFC, FAS, LUV, ADP, JBHT, MCD, EXPE, BBRY, CCL, MNST,
At
support: IWM, MAR, TLT, RCL, DDD, WMT,
One Day
Pullback: CSX,
Bounces included:
TSLA, BIDU, AABA,
Potential
Breakouts include: CC, LRCX, WDC, FB, XLNX, KLAC, MCHP, ANET,
GOOGL, AMZN, AVGO, RACE, V, PYPL, SPY, XLY,
MMM, WYNN, JD, KWEB, WYN, BABA, MU, MOMO, TAL, WUBA, HUN, NVDA, AMZN, XLNX,
SHOP, AMD, NFLX, ADBE, ATVI, EA, AAPL, ADSK, SWKS, WB,
Breakouts:
SQ, BA, RACE, BABA, QQQ, AMAT,
Break of
short-term support: COST, BBY,
Bear flag:
New Highs: WUBA, SQ, BA, ETFC, BABA,
63 of 100 NDX stocks closed
higher and on Tuesday.
45
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
LRCX, LVNTA, MU, NTES
Moving Below 30 DMA = 2
ADP, AVGO,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
1 comment:
Along the same line as your title today, now the pre-market is up on Yellen comments that indicate the Fed will raise rates gradually. Well, duh. That's hardly new. The day to day fluctuations are sometimes hilarious.
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