Monday, November 6, 2017

NDX, SPX, DJIA, QQQ, SPY, DIA Hit New All-time Closing High...PCLN, MCHP, SWKS Lower on Negative EPS Reaction After-hours...




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After the Close Review of Monday’s record closing highs…QQQ, TLT, SPY, DIA, IWM, VIX, AMZN, AAPL, FB, GOOGL, MSFT, more GREAT bull flag setup, XLNX, PYPL, ADBE, IBM…10:07 pm PT
© 2017


Five sectors were higher on Monday, led by energy XLE +2.29% and real estate XLRE +1.53%.  


SPY up .40 at 258.85 on 49.6 million shares, 17% below average volume.  Up on lower volume.
VIX up .26 at 9.40
Oil up 1.54 to 57.24
TLT up .47 at 126.11…on 5.6 million shares, 26% below average.  Up on lower volume.


DIS +2.03%, and CVX +1.78%, led the DJIA, 12 advancers.
KORS +14.70%, CHK +11.76% and BHGE +8.79% led the SPX.

NTES +10.40%, FOXA +9.93%, DISH +5.72%, MYL +4.68%, and VIAB +3.91%, led the NDX.

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

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

Breadth strengthened on Monday as advancers led 1,703 to 1,212 on the NYSE and led 1,470 to 1,427 on the NASDAQ.

The SPY MFC green line is in upper zone at 94 bullish.

Uptrend sectorsXLK, XLY, XLU, XLF, XLB, XLE, XLRE, XLI,
Neutral sectors: XLV,
Down trend sectors: XLP,

Intermediate-term trending stocks:  LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, V, MCD, CAT, MU, CC, TRU, FB, A, ISRG, AA, CBOE, TTWO, AABA, BABA, FCAU, ANET, WYNN, RACE, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB


56 of 100 NDX stocks closed higher on Monday.

52 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
DISH, ESRX, FOXA, JD, LVNTA, MYL, PCLN,

Moving Below 30 DMA = 5
ATVI, CTAS, KHC, KLAC, ORLY,


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:

Scott Avery said...

Dave, Loved your video for today's close. Let me see, do I want -1%.......or do I want 30%? Ha. I have a question about buy and hold on the /ES. I see that you have recently gotten in again on the bull flag bounce for the futures. I'm a little bit too cautious to get into them overnight because of possibility of large down moves....geopolitical risk etc. What type of stop do you use when holding intermediate term like that?

Dave Johnson said...

Scott...I don't stop...I hedge...Dave