After the close Review of DIA, DJIA, SPY, QQQ, IM, VIX, FB NFLX,
ADSK, PYPL, SYMC, STT, MCD, CAT, VZ, BA, BIDU, EA, RCL, EXPE, CTSH ATVI, TSLA,
TMUS, NKE, MS, V, FAS, C, JNJ, TRV, TLT, UNH, CSX
© 2017
DIA barely makes
new all-time closing high on Thursday.
QQQ, SPY forming a bull flag/pennant.
IWM makes similar low.
TSLA +21.20, +6.51%
following
EPS Wednesday after the close.
Three sectors were higher led by utilities XLU +0.50% and industrials XLI +0.50%
SPY down .48 at 246.96 on 40.8 million shares, 29% below avg. Down on lower volume.
VIX up .16 at 10.44.
Oil down .68 to 48.93
TLT up 1.29 at 126.00…on
10.3 million shares, 46% above avg. Up on rising volume.
PFE +1.55% and MMM +1.08% led
the DJIA, 19 advancers.
SRCL +8.87% pre-eps, RIG +7.18% eps and COL +5.41% eps led the SPX.
TSLA +6.51% eps, ATVI +4.10%, CA
+3.24% eps and VIAB +2.87% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
DIA,
Down:
SPY, QQQ, IWM
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,
Breadth strengthened
on Thursday as
decliners led 1,665 to 1,212 on the NYSE and led 1,618 to 1,216 on the NASDAQ.
The SPY MFC green
line is at 88,
bullish.
47 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
52
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
MCHP, TSLA, VIAB,
Moving Below 30 DMA = 6
EBAY FAST, MDLZ, ROST, SHPG, SWKS,
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 =
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12 comments:
SPX possible H & S price pattern?
Thanks, Dave. Very informative and helpful. I appreciate you taking the time to do these videos.
Thanks Dave!
Scott...anything is possible...is it probable? Depends on what you think you see as a H & S price pattern. If you're referencing the 12 day consolidation pattern since July 19, it is not a triple top, it just a small rectangle where price is bouncing from support to resistance with similar highs and lows. If price broke channel support, it would suggest a 24 point downside move to 2435, hardly an intermediate term trend reversal. If you are referring to something over a larger time frame, I would say not probable because price is near resistance not at a support low after a triple top, potentially ready to break to the downside. I hope that helps...DJ
Dana...you're welcome...thanks for watching...DJ
Ryan...you're welcome and commenting...DJ
Love your videos!
Thank you Dave!
Thank you Dave! You are a true master..............
Very helpful D.J. when I was looking at the spx and wondering about H & S possibility, I was thinking that it was just the last 12 candles....a very small amount of time. Very clear/helpful what you were saying.
Hi Dave, Just able to catch up on Thursday night's active investing market talk. Thanks for staying with us. The in-depth instruction is both very helpful and very generous of you.
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