If you didn't watch Wednesday's After the Close video yet...Do...It's insights are invaluable...
After the Close Review of Thursday’s action…QQQ, the market doesn’t always
go down faster that it goes up, AAPL,
CSCO, AMZN, PYPL, GOOG, FB, AVGO, TMUS, AMAT, NTES, SPY, DIA, IWM, great bull flag
and breakout setups and great technical analysis insights…/ES review of inverse head and shoulders…9:21 pm PST
Eight sectors were higher on Thursday, led by technology XLK +1.40% and
staples XLP +1.38%.
SPY up 2.18 at 258.64 on 67.7 million shares, 11% above average volume. Up
on lower volume.
VIX down 1.37 at 11.76
Oil up .16 to 55.47
TLT down 1.10 at 125.46…on
5.7 million shares, 18% below average. Down on lower volume.
WMT +10.90%, and CSCO +5.19%, led
the DJIA, 23 advancers.
NTAP +15.91%, SJM
+9.52% and
FOSL +6.42% led the SPX.
NTES +7.86%, PYPL
+5.82%, TMUS +5.49%,
ESRX +4.00%, and AMAT +3.71%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, QQQ, SPY, DIA
Down:
Breadth strengthened
on Thursday as advancers led 2,198 to 727 on the NYSE and led 2,144 to 755 on the NASDAQ.
The SPY MFC green
line turned up
at 79.2 bullish.
Uptrend
sectors: XLY,
XLU, XLRE, XLK, XLE, XLF,
Neutral
sectors: XLV, XLB, XLI,
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, RNG, WUBA, TAL, CCL, RCL, LYV, EDU, SHOP, ATVI, WB
88 of 100 NDX stocks closed
higher on Thursday.
61
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 7
ADI, CTSH, ILMN, LVNTA, TMUS,
ULTA, XLNX
Moving Below 30 DMA = 1
MYL,
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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5 comments:
Dave. Your insights are incredibly good.
I just wish that I could afford your tutoring without having to liquidate my trading account.
I have learned more watching your videos than doing everything that I tried during the last three years.
Thanks for sharing your invaluable experience and for your clear and simple explanations.
I agree - the Wednesday Video is a must for any serious trader. Thanks Dave for your amazing teachings.
such great insight. I ditto Fav. $5,000 is a lot to spend for a new trader. It would be well worth the investment, but it would really draw down my account.
Fav and Barry...Thank you for watching the videos and it is awesome that you are learning and I hope you are able to apply the concepts to make a tangible difference in your trading...I understand what you are saying...education does cost and I relate because I've paid a fair share of money to attend college and participate in professional education including the CMT Association and the CFA Institute. Ben Franklin said, "an investment in knowledge pays the best interest." I believe that. I also believe what Bob Proctor said, "A mentor is someone who sees more talent and ability within you than you see in yourself, and helps bring it out of you." That's what I do. My suggestion to you both is write down your goal on paper and read it each day to attract the money into your life to improve your trading skills. Something like, "The money to obtain trade mentoring is now coming into my life and I fully accept it from whatever source it comes." Your own words of course. In the meantime one of the books that I read and reread many years ago was Think and Grow Rich by Napoleon Hill. I believe what he wrote, "Whatever the mind of man can conceive and believe, it can achieve." You have to believe before you can attract the reality in you life. You guys are the best. Dave
Don...you're welcome...Dave
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