After the close Review of QQQ,
SPY, IWM, DIA, TLT, VIX, XLP, XLK, XLU, XY, XLV, XLI, XLRE, XLF, XLRE, FB,
ADSK, PYPL, QQQ, NFLX, AAPL, BA, AMAT, BZUN, ATVI, MCD, C, MSFT, GILD, COST,
SHOP, SQ, NVDA, JD, V, MS, CCL, GS, MAR, NKE, BAC, BIDU, MOMO, QRVO
© 2017
DIA makes new all-time closing high on Monday.
QQQ, SPY bull flag bounce, now horizontal
resistance breakout setup.
IWM is a channel support bounce setup.
LRCX +3.86%, AAPL
+1.55%, FB +1.39%,
ADSK +1.32%, PYPL +1.29%, BA +1.06%
NFLX +0.59% bull flag bounce on Monday.
Six sectors were higher and one was unchanged led
by staples XLP +0.75% and technology XLK +0.61%
SPY up .46 at 247.87 on 31.9 million shares, 43% below avg. Up on lower volume.
VIX down .10 at 9.93.
Oil down .21 to 49.31
TLT up .14 at 125.07…on
4.6 million shares, 35% below avg. Up on lower volume.
AAPL +1.55% and GS +1.36% led
the DJIA, 14 advancers.
COL +6.78%, TSN
+5.69% eps and QRVO +3.27% led the SPX.
LRCX +3.86%, KLAC +3.58%, NVDA +3.07% and
HSIC +2.84% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
QQQ, SPY, IWM, DIA
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 weakened
on Monday as
decliners led 1,499 to 1,388 on the NYSE and advancers led 1,445 to 1,391 on the
NASDAQ.
The SPY MFC green
line is at 92,
bullish.
69 of 100 NDX stocks closed
higher on Monday.
56
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
EBAY, HSIC, INCY, LRCX,
MDLZ, MXIM, NTES,
Moving Below 30 DMA = 2
FOXA, ROST,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
11 comments:
Thanks Dave. Any thoughts on HD?
Fav...it's been in a down trend and now is a horizontal resistance breakout setup...DJ
Dave, your market reviews are packed with invaluable insight. Chartsignals is my one stop shop for LOW noise, HIGH signal content. I've been an Investools student for many years and am just starting to "get it". Keep up the great work! I depend on you. I'm the grateful beneficiary of you experience.
With greaT GRATITUDE,
DOUGLAS HINTON
Thank you for the set ups and commentary!! I love the enthusiasm in your voice! You sound invigorated!
Steve
Thank you Dave for your instruction. These videos are helping me see set ups in a new way. Helping me realize I can do multiple strategies with one set up.
Douglas...you're welcome...I'm glad you perceive low noise and high signal...great trading is about seeing what the market is doing and trading a setup you know produces a positive edge over a series of trades...it's not about listening to baloney noise from talking heads as they make their "I think" guesses. Thank you for your comments...DJ
Steve...you're welcome and thank you for pointing that out...DJ
Julie...great to hear from you...you're welcome...I'm glad you're having new BGOs...that's what a mentor loves to hear...DJ
GM Everyone and Dave
How do I access your video
Dave: I agree with all of the above comments. Thank you for your excellent instruction.
Thank you Dave.
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