After the Close Review
of Monday’s
market action…IWM, DIA, SPY, QQQ, SPY, DLTR, live
mentoring, ADI MU, WYNN, AMAT, COST
and more setups and great technical analysis insights…9:14
pm PST
© 2017
Five sectors were higher on Monday, led by financial XLF +0.46% and
industrial XLI
+0.45%.
SPY up .44 at 258.30 on 75.7 million shares, 21% below average volume. Up
on lower volume.
VIX down .78 at 10.65
Oil down .42 to 56.38
TLT down .05 to at 126.34…on
4.2 million shares, 40% below average volume. Down on lower volume.
VZ +1.72%, and CSCO +1.67%, led
the DJIA, 20 advancers.
DLPH +3.49%, NTAP
+3.36% and
HPE +3.00% led the SPX.
MU +3.21%, WYNN
+3.07%, ADI +2.64%,
DLTR +2.64%, and LRCX +2.20%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, DIA, SPY
Down:
QQQ,
Breadth weakened on Monday as
advancers led 1,742
to 1,162 on the NYSE and led 1,740 to
1,134 on
the NASDAQ.
The SPY MFC green
line turned
down at 75.5
defensive.
Uptrend
sectors: XLY,
XLK, XLU, XLRE, XLE, XLF,
Neutral
sectors: XLB, XLP, XLV, XLI,
Down
trend sectors:
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
44 of 100 NDX stocks closed
higher on Monday.
59
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
XLNX,
Moving Below 30 DMA = 3
CTAS, SHPG,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
Add Comments here
3 comments:
Dave,
Thank you once more for your chart readings. Aboaolutely amazing the way you address the facts. So much to learn from you!!!!
Can you give us an idea about the meaning of the Breadth and the impact when you say that is weakened for the NYSE? Anything we need to know for our positions with this info?
Thank you for including the videos in the blog. They really have made a big difference in my tradings.
Marcelo
Fav-Barry, I read your comments on Thursday. Do yourself a favor and make your best effort to enrol with Dave to his mentoring program. If you think that the value of it is too high... try trading without it... I am sure that without his direct coaching trading will be way more costly for you; either by loosing money or missing opportunities. Specially if you are just starting.
I have been following Dave for many many years now, and I can tell you that he is simply the best and most knowledgeable coach I have seen. Every time that I have followed someone else I’ve been hurt.
Wish you the best to both of you.
Marcelo
Marcelo. There is no doubt about Dave's program value it is just about being able to afford it at the moment.In the meantime will keep learning from his posts at the blog.
I have learned a lot from him so far.
Best wishes
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