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Before the close Review of SPY, QQQ, IWM, DIA, TLT, VIX, MCD, MCHP,
CC, How to review a watch list for setups for the next trading day…AAL, ADBE, ADSK, AMD, ATVI, AXP, BAC, C,
CCL, EA, ETFC, EXPE, FAS, FB, IWM, JD, MCD, MS, MSFT, NFLX, NKE, NVDA, PYPL,
QQQ, RCL, SOXL, STT, SYMC, TLT, UNH, V, ZION. Poste 4:06 pm ET
© 2017
After the open pt. 1 Review of background, how blog works, refreshing browser comments, institutional thinking, selloff days, candle patterns QQQ, Posted 11:53 pm ET
© 2017
After the open pt. 2 Review of SPY, retracement theory, Fibonacci
retracements, advancers, decliners and
associated dollar volume Marketwatch visual page, quote page, intra-day chart,
MACD divergence, DIA, IWM TLT, VIX, CC,
MCHP, MCD, FOSL, NVDA, JWN, TRIP, STX, PRGO. Posted 12:08 pm ET
© 2017
11:39 am ET - After the open video iin post production to be posted in about 10 minutes…
10:17 am
ET – CC piercing line candle almost
bullish engulfing candle in bull flag pattern…
10 15 am
ET – FOSL, NVDA, JWN lead decliners as
TRIP, STX, PRGO lead advancers on SPX…
10:13 am
ET – SPX advancing dollar volume almost
even with declining dollar volume even as advancers lead 355 to 138
9:59 am
ET – CC forming piercing line candle in bull
flag pattern…
9:56 am
ET – MCHP breakout test bull flag on
Thursday, forming bullish harami this morning…
9:54 am
ET – buying appears cautious based on
SPX dollar volume, modest % gains, as number of advancers lead number of
decliners
9: 49 am
ET – MCD +1.19, sim trade call entry Aug
2 $ 1.12, now $1.46
9:41 am
ET – IWM, QQQ, SPY, DIA push back, test
higher open…
9:38 am
ET – NCLH gaps lower on filing of
secondary offering…RCL, CCL slightly lower in sympathy…
9:34 am
ET – QQQ, DIA, SPY, IWM higher after the
open…
9:33 am
ET - NYSE and Nasdaq Advancers rise and
decliners fall…
Pre-market
Lower: NVDA, SNAP
Higher: AAPL
Add Comments here
22 comments:
Hi Dave
Thank you so much for doing the 2 videos After The Close on Thursday, even though it was quite late. Your comments bring clarity amongst all the negative commentary. We are striving to learn to interpret the context of the charts during pull backs like these as per your teachings. We are getting better, but not there yet as we still don't have the required confidence to trust what we see on the charts.
If the markets rally, it should represent some good opportunities to trade back to the upside.
Thank you
Bruce & Susan
Hi Dave
As at the time of this comment (8:34 am MST) there is a nice bull flag set up forming on DIA.
Thanks
Bruce & Susan
"10:13 am ET – SPX advancing dollar volume almost even with declining dollar volume even as advancers lead 355 to 138
"
This implies that there is money going into a larger group of stocks in smaller amounts on average, while money is coming out of a smaller group of stocks at a larger average amount. So we have buying a wide range of stocks but no net new money coming in. I'm unsure what this tells us from a weight of the evidence perspective.
Hank...I address the multi-dimensional aspect of its implications in the part 2 video this morning...NVDA down was a big part of this, but that is just one aspect...it is more the tentative nature of the bounce as I explain in the video...always follow your rules is more important than this distinction which is just a portion of what is going on this morning...DJ
Bruce and Susan...you are welcome...as you are probably aware I've never let time of day deter me from sharing important insights...thank you for commenting...DJ
Yes works in Android on Chrome. Mercury (Mozilla) and native internet browsers may have difficulty with playback. I typically stick with chrome since it will also allow me to download the video for offline viewing too.
For iPhone and iPad, if you down load the "Puffin" app from and use that browser, you can view these videos on those devices.
My apologies. I had not listened to part 2 before I posted
Thank you for taking the time to educate on how to use TOS. As a new user, I find that very helpful!
Eric...thank you very much...I appreciate that information...DJ
Dave....I also downloaded the "Pippin" App on my iPhone. It works great.
Looking forward to the after the close videos.
Dave, I know you won't be short of Bull Flag setups tonight.
The lightbulb went on this morning when you pointed out patterns that might lead to a MACD divergence. I looked through my watchlist and saw what appears to be an ideal setup I wanted to bring to your attention. It's UTX.
Sorry.....correction: .The app is "Puffin" Web Browser, free in the Apple App Store
Don...thank you...I will get it and try it...DJ
Tenore...UTX is a divergence setup, thanks for sharing...good eyes and a good company that is part of the DJIA...DJ
Thank you to Eric and Don. I downloaded the Puffin browser app and can now watch the vids on my iPhone and iPad. Mary
Mary:
You are Welcome.....Isn't these videos the Cat's Meow. I am excited! Thanks Dave
Dave is the best.
Thank you for going through the example of going through a watchlist. I especially liked when you shared about the "lightning bolt/A-B-C" and the MACD Divergence. This is something that I can start applying TODAY to become a better trader.
"Lighning bolt" finally locked it in for me too!
Thanks to Eric, Don, and Marylee for the tip on the Puffin app. I can now listen during my commute to and from work which is something I've been wanting to do. Thanks,John
Thank you Dave.
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