After the Close Review of Monday’s action… SPY, “those who cannot remember the
past are condemned to repeat it,” George Santayana, SPX, XLK, XLU, XLV, XLRE, XLB, XLI, XLF, XLE, XLP, XLY, DIA, QQQ, IWM,
VIX, MNST, AAPL, TSLA, AAL, SYMC, NVDA, MU, NFLX, AMAT, ATVI, BIDU, FB, MSFT,
JBHT…
© 2017
Insurance stocks continued to rebound on
Monday led by XL, RE, CB, TRV, PGR, ALL,
AJG, AIZ, HIG, AON, BHF, CINF, AIG, L and, TMK.
10 sectors were higher on Monday, led by financials
XLF +1.74% and
technology XLK
+1.41%.
SPY up 2.63 at 249.21 on 71.3 million shares, 5% above average. Higher on
higher volume.
VIX down 1.39 at 10.73
Oil up .54 to 48.10
TLT down 1.54 at 127.46…on 17.8 million shares, 122% above
avg. Down on higher
volume.
DWDP +3.08%, and TRV +2.34%, led
the DJIA, 28 advancers.
XL +5.02%, ALB
+4.71% and
NAVI +4.59% led the SPX.
MELI +9.72%, TSLA
+5.91%, AAL +5.18%,
and SYMC +3.54%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, QQQ, SPY, IWM
Down:
Breadth strengthened
on Monday as
advancers led 2,292 to
614 on
the NYSE and led 2,075 to 797 on the NASDAQ.
The SPY MFC green
line is pointed
up at 73,
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,
83 of 100 NDX stocks closed
higher on Monday.
68
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA =
10
AKAM, AMZN, CSCO, FISV, HOLX, INTC, MYL, NVDA,
TSLA, TXN,
Moving Below 30 DMA = 3
ADP, CHTR, INCY,
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:
Thank you Dave!
Fav...you're welcome...Dave
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