Tuesday, September 12, 2017

SPX, SPY, DIA, QQQ New All-time Closing High...AAPL Introduces New Products...



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After the Close Review of Tuesday’s action… SPY, SPX, DIA, QQQ new all-time closing high, AAPL, IWM, XLK, XLU, XLV, XLRE, XLB, XLI, XLF, FAS, XLE, XLP, XLY, VIX, insurance stocks XL, RE, CB, TRV, PGR, ALL, AJG, AIZ, HIG, AON, BHF, CINF, AIG, L and TMK, bull flag ADBE, UNH, horizontal breakout NFLX, JD, C, AXP, NVDA, BAC, ATVI, MSFT, ADSK, FB, EA, GPRO…
© 2017


8 sectors were higher on Tuesday, led by financials XLF +1.18% and technology XLK +0.84%.

SPY up .84 at 250.05 on 56.8 million shares, 15% below average.  Higher on lower volume.
VIX down .15 at 10.58
Oil up .27 to 48.37
TLT down .67 at 126.79…on 7.5 million shares, 5% below average.  Down on lower volume. 

PFE +3.06%, and DWDP +2.50%, led the DJIA, 21 advancers.
SWN +6.47%, GPS +6.44% and RRC +5.60% led the SPX.

STX +3.04%, SYMC +2.99%, JD +2.97%, and MU +2.54%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, SPY, DIA, QQQ,
Down:

Breadth weakened on Tuesday as advancers led 1,811 to 1,046 on the NYSE and led 1,778 to 1,030 on the NASDAQ.

The SPY MFC green line is pointed up at 81, bullish.

Uptrend sectors:  XLK, XLV, XLRE, XLU, XLB,
Neutral sectors: XLE, XLP, XLY, XLI, XLF,
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,


63 of 100 NDX stocks closed higher on Tuesday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 3
CTXS, JD, NCLH,

Moving Below 30 DMA = 1
HOLX,   


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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1 comment:

Unknown said...

Great Demonstrations of the different types of SPY or SPXL trades showing the potential each time frame or investment vehicle!

I thought one of the most important points today was regarding the Micron Trade (MU), where you said you chose the long call instead of the Short Put vertical based on your market posture on 8/28. I assume the SPY MACD divergence on 8/18 and 8/21 was one of the keys to the potential change in market direction.

From this it seems to me you will base the riskiness of your option trades based on the market/sector posture as well as the individual stock technicals. Is this correct?

Jeff