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After the close Review of QQQ, DIA, SPY, IWM, VIX, XLI, XLU, XLK,
XLF, XLB, AAPL, ILMN, SPX IC and new IC, MCD bull flag entry, ZION,
STT, AXP, ADBE, RCL, EXPE, MS, EA, ETFC, BAC, V, UNH, CCL, FAS, NKE, C, SYMC,
ATVI
DIA makes new all-time closing high on Wednesday.
QQQ, SPY, IWM forming a bull flag.
TSLA +24.10, +7.4%
in
after-hours following EPS
Five sectors were higher led by financial XLI +0.44% and utilities XLU +0.43%
SPY up .12 at 247.44 on 47.2 million shares, 18% below avg. Up on lower volume.
VIX up .19 at 10.2809.
Oil up .82 to 49.61
TLT up .07 at 124.71…on
5.7 million shares, 18% below avg. Up on lower volume.
AAPL +4.73% eps and MCD +1.66% led
the DJIA, 14 advancers.
FMC +8.40% eps, HUM +4.47%
eps and GRMN +4.46% eps led the SPX.
ILMN +14.83% eps, VRTX +2.84%, DISCA
+2.58% and AVGO +2.00% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
QQQ, DIA, SPY
Down:
IWM
Uptrend
sectors: XLK, XLF,
XLY, XLV, XLB, XLI,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down
trend sectors:
Breadth weakened
on Wednesday as
decliners led 1,720 to 1,149 on the NYSE and led 2,031 to 800 on the NASDAQ.
The SPY MFC green
line is at 89,
bullish.
25 of 100 NDX stocks closed
higher on Wednesday.
55 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
ILMN, MDLZ
Moving Below 30 DMA = 6
DISH, FISV, LRCX, MCHP, VIAB, VRSK
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
Earnings Week of July 31…
NDX
Monday = DISCA
Tuesday = AAPL, IDXX, INCY, ILMN, FISV, VRSK,
Wednesday = MDLZ, BMRN, HOLX, CTXS, CA, SYMC, TSLA
Thursday = CTSH, REGN,
SHPG, DISH, ATVI, MELI, VIAB, KHC, MCHP
Friday =
Friday =
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7 comments:
Thank you. Dave. Loving all of it. Very helpful insight. Always greatly appreciated!
Dave, day and night, love the videos........could use a little help as every time I buy a ticket for the RCL cruise it either gets canceled or I'm left at port, hopping your my life line..........:-)
Dave, thanks so much for your amazing generosity in sharing your insights and knowledge on such a regular basis now. You were my (and hundreds of others) go-to-coach for years, and whatever discipline and methodology around TA that I have is mostly owed to your teachings. I'm just loving this new format, to have access to you every day, with up to the minute market observations is priceless. I hope this is working for you too, and that maybe this self directed schedule is more to your liking now. JR
Thank you Dave, these videos are gems and becoming part of my daily routines,
Thank you Dave for this exciting upgrade to your blog. I find everything educational and it's helping me to become more familiar with stocks I haven't followed in the past.
All the best ... jblande
Curiosity question for you.
You mentioned AAPL and ILMN added 34 and 3 points to NDX today during the video. How are those numbers determined. I know I will not be using to trade but interested in the evaluation methods.
Great stuff Dave.
DJ, you mentioned in your last night video about a new SPX IC entry during the day, was there a video or post regarding to that earlier that I missed? I am still trying to get use to the format and structure of your blog, don't want to miss any of Dave Johnson :-)
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