After the Close Review this week and Friday’s
market action… QQQ, breakout setup measuring
for intermediate price target, IWM, SPY,
DIA, weekly chart for trend, DIA,
SPY, IWM, QQQ, TLT, VIX, SPX option demand and supply drives VIX, weekly charts XLV, XLK, XLB, XLY, XLI, XLE, XLP, XLRE,
XLF, XLU, review sim trade positions and profits, discuss SPX IC and /ES
hedge, setups/entry trigger, FCX, CCL,
X, BBY, MU, MCHP, LRCX, NFLX, AMAT, NVDA, ATVI, AMZN, FB, EA, SPY
© 2017
Six sectors were higher and one was unchanged on
Friday, led by energy XLE +0.97% and materials XLB +0.65%.
SPY up .35 at 247.84 on 62.0 million shares, 4% below average. Up on lower
volume.
VIX down .46 at 10.13.
Oil up .26 to 47.35
TLT down 1.24 at 126.75…on 14.1 million shares, 101% above
avg. Down on
higher volume.
GE +2.40%, and CVX +1.06%, led
the DJIA, 22 advancers.
COG +5.17%, SWN
+4.22% and
NAVI +4.17% led the SPX.
WYNN +3.19%, QVCA +2.71%, WDC +2.42%, and DISH +2.06%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, DIA, SPY,
Down:
QQQ,
Breadth weakened slightly
on Friday as
advancers led 2,003 to 868 on the
NYSE and led 1,910 to 899 on the
NASDAQ.
The SPY MFC green
line turned up
at 61,
bullish.
Uptrend
sectors: XLK, XLV,
XLRE, XLU, XLB,
Neutral
sectors: XLP, XLF, XLY, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A,
EDU, SHOP, EXPE,
59 of 100 NDX stocks closed
higher and one was unchanged on Friday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
MELI, PCAR, QCOM,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short
Term Market Trend: UpAdd Comments here
4 comments:
Dave. Every single video is a BGO moment for me. Thank you!!
Fav...that is wonderful...you are welcome...DJ
Have a great weekend with your family too Dave!!
Dave, I really enjoy and look forward to your weekly wrap. I appreciate all your wisdom that you share in how you approach the market. Thank you.
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