Share Comments in the section below or email us at chartsignals@yahoo.com
After the close Review of DIA, DJIA, SPY, IWM, QQQ, TLT, VIX, XLF,
XLB, XLE, XLRE, XLK, XLI, XLY, MCHP, TSLA, CTSH, AAPL, ATVI, SYMC, VIAB, MELI, PWR,
FMC, XRX, RCL, HBI, LL, SHOP, CC, SQ, RMD, IBM, MMM, TTWO, RIG, GPRO, GRUB,
WIFI, WTW, ANET, EXPE, PYPL, FB, ATVI, EA, BA, JD, V, CCL, VZ, NKE, SPX IC
review, MSFT, MCHP, FB, SPV and call
review
© 2017
DIA makes new all-time closing high on Friday.
QQQ, SPY forming a bull flag/pennant.
IWM forms bullish harami at channel support.
Seven sectors were higher led by financial XLF +0.67% and materials XLI +0.48%
SPY up .45 at 247.41 on 60.1 million shares, 5% above avg. Up on higher volume.
VIX down .41 at 10.03.
Oil up .59 to 49.52
TLT down 1.07 at 124.93…on 8.3 million shares, 17% above avg. Down on lower
volume.
GS +2.59% and HD +1.30% led
the DJIA, 19 advancers.
SRCL +8.87% pre-eps, RIG +7.18% eps and COL +5.41% eps led the SPX.
MCHP +3.48% eps, QVCA +3.14%, FAST
+3.03% and TSLA +2.83% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, DIA, SPY, QQQ,
Down:
Uptrend
sectors: XLK,
XLF, XLY, XLV, XLB, XLI,
Neutral
sectors: XLRE, XLU, XLP, XLE
Down
trend sectors:
Intermediate-term
trending stocks: EXPE, PYPL, ADBE, NVDA, FB, JD, ATVI, EA,
MAR, BA, MCD, V, CCL, RCL, SQ, MOMO, CC, BZUN, AABA, SHOP, TTWO, BABA, EDU,
PGR, TRU, LYV, ALL, TAL
Breadth strengthened
on Friday as
advancers led 1,638 to 1,258 on the
NYSE and led 1,658 to 1,169 on the
NASDAQ.
The SPY MFC green
line is at 89,
bullish.
53 of 100 NDX stocks closed
higher on Friday.
51 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 3
FAST, ROST, SWKS
Moving Below 30 DMA = 4
EXPE, MELI, SYMC, VIAB,
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 =
Other
Monday =
Tuesday = LL, SHOP, SYX,
Wednesday = CC, SQ, TTWO, RIG, OSUR,
Thursday = UBNT, GPRO, WIFI, GRUB, WTW,
ANET,
Friday =
Add Comments here
8 comments:
Great addition to my weekend review, Dave. I'm looking forward to your discussion of your earnings flag entry on FB on Monday. It should answer the question I wanted to ask about setting targets on Earnings Breakout trades. If you get a chance, perhaps you could extend that discussion to a similar trade on AAPL.
Thank you, Dave!
Dave: I am finding your videos very valuable. Looking forward to the RMD action on the earning gap. Hoping it pulls back . The IBM gap trade several weeks ago worked out great. Thanks again for your insights.
...and I like your movies better anyway!
Thank you for the dedication, Dave!
Thank you Dave for creating these movies for us; they are so helpful. Speaking of movies, when I hear you speak on this topic, I am frequently reminded of John Houseman in the movie "The Paper Chase" and his famous quote from the movie "You teach yourselves the law, but I train your minds. You come in here with a skull full of mush, and you leave thinking like a lawyer (trader). I appreciate your dedication. Have a great week.
Thanks Dave.
How does one get the average volume line to show up on their charts?
Looking forward to learning more about the FB trade on Monday.
As for movies. "Dunkirk" was very good. :-)
See ya next week.
Thank you Dave. These videos are very valuable in my continuing education.
Post a Comment