ENJOY! There's a lot of insight in the After the Close Review of Monday’s action…SPX, SPY, DIA, XLB, IYR, XLV, IWM, XLF, FAS, XLE, MX, HPE, AAL, NTAP, CMA, MAR, CSX, 17 declining NDX stocks, retail stocks KMX, GPS, ROST, DLTR, HD, LOW, TSCO, auto GPC, ORLY, AZON, AAP, GM, F, FCAU, PCAR, also PYPL, JBHT, TXN, GPRO…
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Five sectors were higher and one was unchanged on Monday, led by energy XLE +1.44% and utilities XLU +0.92%.
SPY down .51 at 248.93 on 57.0 million shares, 16%
below average. Down on higher
volume.
VIX up .62 at 10.21
Oil up 1.47 to 52.13
TLT up .79 at 126.99…on
9.6 million shares, 24% above average. Up on higher volume.
XOM +1.33%, and CSCO +1.05%, led
the DJIA, 12 advancers.
GPC +5.96%, CTL
+4.31% and
GCI +4.10% led the SPX.
ROST +3.24%, TSCO
+2.81%, ORLY +2.65%,
and AAL +1.36%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
IWM,
Down:
DIA, SPY, QQQ,
Breadth weakened on Monday as advancers led 1,615
to 1,245 on the NYSE and decliners led 1,633 to 1,254 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 93, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLRE, XLU, XLE,
Neutral
sectors: XLY, XLP,
Down
trend sectors:
Intermediate-term trending stocks: ALGN, CBOE, ISRG, A, SHOP, TAL, TTWO, ADBE,
LYV, FCAU, V, MCD, WYNN, WB, EDU, PYPL, MU, ATVI, FB, EA, SQ, CC, TRU, ANET,
CCL, RCL, WUBA, NVDA, BA, AABA, BABA, AA, LRCX, RACE,
34 of 100 NDX stocks closed
higher on Monday.
57
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
CA, FOXA,
Moving Below 30 DMA = 10
FB, CTXS, EXPE, GOOG, IDXX, MNST, MSFT, PCLN,
QCOM, TMUS,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
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3 comments:
Dave
It is really useful to listen to your calm insights of the market action.
It would be great if you included more sim trades with the reasoning for TP and SL.
Thanks for your help it has made a huge difference in the way that I as well as many others look at the price fluctuations and general market behavior.
Thanks for the intermediate-term trending stocks. I miss your stock investing trading room! I'm also looking at ALRM, ZTS, STMP.
Dave,
Thank you for so much un-common sense!! ;)
Kathy :)
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