After the
Close Review
of Friday’s action…QQQ, DIA, SPY, VIX, TLT, XLRE, XLP, XLU, XLK, XLB, XLI,
XLE, XLY, XLV, XLF, this week’s
earnings, stocks with earnings next week, stock that keep going up, AAPL, AMZN,
FB, MSFT, GOOGL, and more charts and bull flag setups going into
next week…11:09 pm PT
Six sectors were higher on Friday, led by discretionary XLY +0.48% and materials XLB +0.48%.
SPY up .31 at 254.95 on 54.5 million shares, 10% below average volume. Up on higher
volume.
VIX down .30 at 9.61
Oil up .68 to 51.42
TLT up .90 at 125.85…on
7.7 million shares, 7% below average. Up on higher volume.
AXP +1.36%, and INTC +1.22%, led
the DJIA, 18 advancers.
HPQ +6.42%, RE
+6.04% and
ADS +4.87% led the SPX.
VIAB +5.82%, ULTA
+4.43%, NTES +2.90%,
CERN +2.54%, and WDC +2.38%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, DIA, SPY,
Down:
IWM,
Breadth strengthened
on Friday as advancers led 1,695 to
1,176 on
the NYSE and led 1,444 to 1,429 on the NASDAQ.
The SPY MFC green
line is in
upper zone at 96.8 bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,
Neutral
sectors: XLP,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA,
EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA,
AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,
64 of 100 NDX stocks closed
higher and two were unchanged on Friday.
66
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
AAPL, EA, ORLY, WDC,
Moving Below 30 DMA = 1
JBHT,
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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4 comments:
This is specify to make a market charging factor to more the profit making in the regular manner with a strategy to build closed in the market segment.
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Great after close Friday Video with many stocks to watch. Thanks for your unending dedication. Have a blessed week-end.
Great videos Dave! Thank you for your insight, much appreciated!
Your daily market synopsis really cuts out the noise and provides a complete picture of the relevant factors driving the market.
Support/Resistance Question: In your previous videos when there is a consolidation pattern, you appear to draw S/R lines at the Candle with the highest intra-day high (top of wick) and lowest intra-day Low (bottom of wick). Am I thinking correctly?
Thanks Jeff
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