Monday, December 11, 2017

QQQ Leads on AAPL, MSFT Move as SPY, DIA Make a New All-time Closing High...




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After the Close Review of Monday’s market action…QQQ, AAPL, MSFT, AMZN, GOOGL, FB, SPY, DIA, DIS, IWM, XLK, XLE, SYMC, CSX, CRM, STX, NTES, MELI, WYNN, SPXL, SPY, /ES, VIX breakout setups…technical analysis insights…10:25 pm PST
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Seven sectors were higher on Monday, led by technology XLK +0.86% and energy XLE +0.72%.


SPY up .80 at 266.31 on 83.0 million shares, 17% above average volume.  Up on higher volume.
VIX down .24 at 9.34
Oil up .68 to 58.02
TLT down .26 at 126.439…on 3.8 million shares, 50% below average volume.  Down on lower volume.


DIS +2.49%, and AAPL +1.95%, led the DJIA, 20 advancers.
CTL +8.18%, SWN +5.83%, and FTI +4.53%, led the SPX.
BMRN +7.46%, NTES +7.23%, MELI +4.47%, SYMC +4.43%, and TSLA +4.37%, led the NDX.

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

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

Breadth weakened on Monday, as advancers led 1,571 to 1,336 on the NYSE and decliners led 1,646 to 1,308 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 81, bullish.

Uptrend sectorsXLY, XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral sectors: XLK, XLU
Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two weeks and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, VRSN, WYNN, BA, MCD, CAT, TRU, LYV, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,


64 of 100 NDX stocks closed higher on Monday.

58 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AAPL, CHKP, LVNTA, SYMC,

Moving Below 30 DMA = 1
ALXN,  

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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