After the Close Review of Monday’s action…IWM, DIA, SPY, QQQ, VIX, BA, CAT, MCHP, MU,
NVDA, LRCX, ADBE earnings on Tuesday after the close, flag setups AAL,
ADKS, V, DLTR, GILD, X, WYNN, breakouts XLF, FAS, AXP, C, MS, ZION, NTES, AMAT, PCAR, breakout setups AMD, ETFC, MSFT, NFLX, PYPL, TSLA, CC,
SYMC, JBHT, WDC…
© 2017
The DJIA 22,331 and SPX 2,503 reach new all-time closing high again on Monday.
Six sectors were higher on Monday, led by
financials XLF +1.17% and
industrials XLI +0.56%.
SPY up .53 at 249.72 on 46.2 million shares, 34% below average. Up on lower
volume.
VIX down .02 at 10.15
Oil up .53 to 50.36
TLT down .73 at 126.13…on 6.8 million shares, 13% below
average. Down on lower
volume.
GE +2.21%, and CAT +2.03%, led
the DJIA, 15 advancers.
AMD +4.47%, SWN
+4.15% and
NRG +3.97% led the SPX.
NTES +8.20%, NVDA
+4.13%, LRCX +2.50%,
and MELI +2.48S%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, DIA, SPY,
Down:
QQQ
Breadth was mixed
on Monday as advancers led 1,665 to
1,221 on
the NYSE and led 1,744 to 1,139 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 98, bullish.
Uptrend
sectors: XLK, XLV,
XLRE, XLU, XLB, XLI, XLF
Neutral
sectors: XLE, XLP, XLY,
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, ATVI, EA, MCD, V, SQ, CC,
TRU, ANET, CCL, RCL, WUBA, NVDA, BA, AABA, BABA, AA, LRCX,
56 of 100 NDX stocks closed
higher and one was unchanged on Monday.
70
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
NTES, PCLN, VRSK,
Moving Below 30 DMA = 1
FB,
The
intermediate and long-term trends are still up.
6-month Intermediate Term Market
Trend: Up
3-day Short Term Market
Trend: Up
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2 comments:
Hey Dave, I am also responding to your email in Linkedin. Yes I am watching the videos and I find them very helpful. If you could can you sometime demonstrate how you are hedging with the futures contracts? That would be very helpful. Thank you so much
Hello Dave, Just wanted to say I'm amazed at how much I have learned in the last two months, and how much my trading has improved by watching your daily videos... Thank You for all your wisdom! I too would like to know how you are hedging with futures contracts. Thanks again
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