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
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
sectors: XLK,
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:
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?
Scott...I don't stop...I hedge...Dave
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