UAL -3.55%, IBM -2.73% in after-hours on EPS reaction, watch
for gap down on Wednesday.
NFLX +21.90 on positive earnings
reaction, bullish
gap to all-time new high.
SPY pause holds above Friday’s S1.
DIA bull flag setup.
QQQ breakout 142.29,
horizontal
breakout setup of 143.51.
IWM horizontal breakout setup.
Four sectors were higher and one unchanged, led by technology
XLK +0.46% and discretionary XLY +0.45%
SPY up .13 at 245.66 on 42.4 million shares, 33% below average.
VIX up .07 to 9.89.
Oil up .44 to 46.44
TLT up 1.08 at 124.75…on
9.1 million shares, 20% above average.
JNJ +1.75% and PG +1.24% led
the DJIA, 12 advancers.
PLD +2.73%, PYPL
+2.40% and
VRTX +2.28% led the SPX.
NFLX +13.54%, JD +3.27%, WYNN +2.85% and
TSLA +2.71% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, SPY
Down:
DIA, IWM
Uptrend
sectors: XLI, XLB,
XLF, XLV, XLY, XLK
Neutral
sectors: XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth weakened as decliners led 1,503 to 1,369 on the NYSE and led 1,599 to 1,200 on the NASDAQ.
The SPY MFC green
line is pointed
up at 92,
bullish.
Look for
a potential bounce in: DIA, EA, SHOP, AAL,
C, JPM, WFC, MS, SCHW, BAC, LUV, CSX, ADSK, SWKS, WB, MCD, XLNX, ADP, BBRY, UAL,
ALK, AMD,
At
support: DDD, COST,
One Day
Pullback: CC, JBHT, PNC, HUN, BA, WDC,
Bounces included:
TSLA, MAR, WYNN, TLT,
Potential
Breakouts include: QQQ, IWM, XLY, KWEB, ATVI, MOMO, TSLA, MAR,
WYNN, MNST, CCL, WMT, FAS, CC, WDC, EXPE, KLAC, AMZN, MCHP, ANET, GOOGL, MMM,
JD, WYN, NVDA, MU
Breakouts:
QQQ, XLY, JNJ, RCL, ADBE, AABA, AVGO, LRCX, FCX, AAPL, AMAT, BIDU, AVGO,
Break of
short-term support:
Bear flag:
New Highs: NFLX, AABA, AMZN, V, PYPL, ETFC, FB,
WUBA, BABA, TAL, RACE, SQ, SPY,
56 of 100 NDX stocks closed
higher and three were unchanged on Tuesday.
68
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
EA, FAST, NTES
Moving Below 30 DMA = 3
DISCA, MYL, WBA
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 17…
DJIA
Tuesday =
GS, JNJ, UNH, IBM
Wednesday
= AXP
Thursday
= TRV, V, MSFT
Friday =
GE
NDX
Monday = NFLX, JBHT
Tuesday =
Wednesday
= CSX, TMUS, QCOM
Thursday
= CHKP, ISRG, CTAS, EBAY, MXIM, SWKS
Friday =
Notable SPX
Monday = NFLX
Tuesday =
BAC, CMA,
LMT, UAL
Wednesday
= MS, USB, NTRS, AA
Thursday
= KEY, UNP, PM, ETFC, SHW, URI, NUE,
Friday =
STI, SLB, KSU, HON, RF, MCO, CL
Add Comments here
6 comments:
Dave,
Thank you!
Kathy :)
Michael Hayes,
If you missed it yesterday, thank you so much for replying to my comment about the reversal link. Glad you let me know you provided that for us. Thank you again! :)
Kathy :)
kathy Sad news today Dave Johnson is leaving investools July 21,2017
so I would stay turn to this blog to see where Dave will be teaching next
Can't see Dave retiring anytime soon (I hope not)
His passion for teaching and his mission in life is to help people
Cheers
Mike
Dear Dave: Thank you for all have given of yourself to me and to all of your students. The value of your knowledge will pass on to my next generation and that of many, many other of your students. Take Care.
Dear Dave,
I just learned today that you are leaving Investools.
First: I wish you every success and happiness in wherever and whatever your next venture may be. I am incredibly grateful for all of your help so far. You consistently go above and beyond any expectations I could have.
Second: I am anxious to hear about your plans. Please keep us posted. I hope our paths continue to cross for many more years.
Third: I assume that you are not going to be teaching the September 2-day TA workshops in NY and Wash DC?
Warmest regards,
John Donato
Dave,
For many, many years, I continue to learn from you and greatly appreciate your teaching skills and your experiences that you've leverage to make us better traders.
I look forward to learning more about what's your planned next chapter. I look to remain a student of yours for as long as you intend on teaching.
Best regards,
Jim
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