Thursday, August 10, 2017

Oil Above 50 This Morning...Futures Point to a Lower Open Near SPX 2,460 Support Area...N. Korea Still Sabre Rattling the Markets...



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No before the close video today... posted 4:00 pm ET


After the open Review of SPX, /ES, SPY, XLB, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XLY, DIA, GS, GE, NKE, JPM, AAPL, QQQ with comments about support, below and above average volume and defensive tactics.  posted 12:15 pm ET
© 2017



Pre-market
Lower:  NTES, TRIP, MU, NFLX, AAPL, BIDU, AMZN, PYPL, MSFT, JD, FB

Higher: PRGO


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16 comments:

Gary said...

Quiet here Dave. Looking at another IC yet?

Unknown said...

Very interesting stats on the volume of the indexes, sectors, and DOW stocks. FYI, the quality of the video is fuzzy today, did you make a change from the prior ones?

Dave Johnson said...

Theo...no change...I will double check it as I had not noticed any fuzzy when it was posted...Thanks...DJ

bhesker said...

Excellent update with this mornings pullback in the market. Your rational explanation helps calm some of the fear showing up in the marketplace. Big money really buying heavy in the VIX options to hedge today's action. Some great setups seem to be taking shape.
I also noted a little fuzzy expanded screen this morn. 320p was as high a quality as I could get. Normally around 720p...thought maybe it was me. But FYI if on your end.
Thanks for all you do Dave.
BH

Unknown said...

Thank you Dave1 Very helpful.

Dave Johnson said...

bhesker and Theo...again thank you for your video resolution comments. I went and double checked the video in the blog browser on both a laptop and a separate monitor. When I left the video in the browser, the Stats for nerds which you access by right clicking on the video, showed it was 640p and when I went to full screen mode outside the brower it showed 1280p resolution, on both display monitors. I'm perplexed why each of you were seeing a lower fuzzy resolution. I'm sorry I was not able to replicate the issue you are experiencing...DJ

bhesker said...

Bizarre Dave...i even went back to last night's video which was fine last night and now that one and several previous are 320p?? Must be something on our end or out in those clouds!
Or maybe they think they are clouds...LOL!
Not to worry...I'm sure they will resolve themselves.
I still get the benefit of your principles and guidance.
Thank you Dave.
BH

bhesker said...

Sorry I mean 360p Dave.
BH

Dave Johnson said...

BH...I have subsequently tested it on an entirely separate laptop and even larger second monitor with the same 640p and 1280p results...so the mystery continues...DJ

bhesker said...

Thanks Dave...Mystery solved. Changed from Chrome to Firefox browser and now works fine. Figured it was on our end somewhere. So done!
Look forward to your next market update since this was such a SLOW day!! (Tongue in cheek)!
Another Trump Day!
BH

Unknown said...

Tough day. Challenge of the markets always keep us on our toes! Good news more it falls the more we get climb back into new highs.
Look forward to insight!
Thanks for being here for us DJ

Unknown said...

And it now loads at 720p for me. I noticed my Chrome setting is set to auto, so I suspect my network must have been a bit slow earlier, and it automatically set it to the lower 360p resolution. Doing via Chrome has two settings for me, 360p and 720p, and it normally runs at the higher one, which looks good.

Jon Mickelson said...

Again thanks Dave.

Unknown said...

I sold a 8SEP MCD contract at close today as a diag wedge breakout. It will be interesting to see if the strength of this stock today is a contrarian phenom or something else. Max loss is only $49 but, could net profit of $201 if it continues to move to target.

Dave Johnson said...

Theo...thanks for the heads up on the Chrome browser...something new almost every day...DJ

Kempington said...

Thank you Dave.