Just for fun: https://www.youtube.com/watch?v=xuR0DqbQGN8
After the Close Review Wednesday’s
action… SPY, weekly charts, QQQ, DIA, IWM, MFC green line turns up,
MSFT, GILD, AMZN, FB, NFLX, AAPL, ATVI,
AVGO, AMAT, MAR, LRCX, SPX, ABE, PYPL, MU, MCHP, sim trade positions, BABA, WDC, UNH, EA, V, JD, EXPE, SQ, X,
SPY
© 2017
Eight sectors were higher, led by materials XLB +0.74% and
technology XLK +0.72%.
SPY up 1.16 at 246.01 on 62.0 million shares, 3% below average. Up on
higher volume.
VIX down .48 at 11.22.
Oil down .35 to 45.97
TLT down .04 at 127.61…on 4.7 million shares, 30% below
avg. Flat on lower
volume.
CSCO +1.62%, and CAT +1.33%, led
the DJIA, 14 advancers.
MLM +5.41%, VMC
+4.60% and
AMD +4.28% led the SPX.
INCY +10.64%, GILD +7.25%, BMRN +5.63%, and ADI +5.24%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA
Down:
Breadth strengthened
on Wednesday as
advancers led 1,809 to 1,084 on the
NYSE and led 1,753 to 1,046 on the
NASDAQ.
The SPY MFC green
line turned up
at 41,
bullish.
Uptrend
sectors: XLK, XLU,
Neutral
sectors: XLRE, XLV, XLB, XLP, XLF, XLY, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A,
EDU, SHOP, EXPE,
91 of 100 NDX stocks closed
higher and one was unchanged on Wednesday.
56
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 17
AMAT, AMGN, BMRN, CELG, CMCSA, CSCO, EBAY, FB,
INCY, KLAC, LBTYA, MAR, MXIM, NVDA, REGN, TXN, VRTX
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
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8 comments:
Dave, the information in these videos, is as valuable to me as were my Investools classes. Once again, thank you for dedicating yourself to teaching us this way. The technicals instruction/chart analysis, is very much appreciated. Thanks again...
I'm so grateful that someone shared the link to your blog in a chat window, and I'm so glad that you are still teaching technical analysis. Thank you, Dave!
The buyers are back in town?
Dave, as always thank you very much. The education you provide helps me every day
Just for Fun: Wow! "The Boys are back in Town' Isn't is exciting! Thanks for all that you do for us with your teaching and insights.
Thank you Dave for the invaluable insight that you share with us
Thanks for the Video Dave! Insightful as always!!
Hi Dave,
FYI, this boy is glad your back in town :-)
Patience and sticking to rules have led to one very nice weekly gain in portfolio.
Thanks for continuing to remind us about institutional thinking!
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