© 2018
Earnings season continued on Friday. Positive reactions included ROP, COG, CINF, RMD, and CMG.
Negative reactions: AMZN,
GOOGL, MHK, WDC, SIVB, FBHS, CERN, LEG, DLR, MCO
The DJIA, closed down 296 points at 24,688, led by weakness in HD, UNH, BA, AAPL and V. This
is the third close below 25,000 since July 12.
The SPY gave back all of Thursday’s gain closing just one cent
above Wednesday’s close.
All eleven sectors were lower on Friday, strongest
were materials XLB -0.59% and energy XLE -0.75%.
SPY down 4.76 at 265.33, on 201.5 million shares, 84% above average
volume. Down on higher volume.
VIX up 1.45 at 25.67
Oil up .64 at 67.62
TLT up .69 at 114.99 on 18.5 million
shares.
INTC +3.11%, WBA +0.65%, led the DJIA, 4 advancers, -19.
ROP +7.55%, COG +7.10% and CINF +6.62%, led the SPX.
TSLA +5.09%, EXPE +2.49%, VRTX +2.34%, and GILD +1.63% led the NDX.
Intermediate and long
term up trend intact. 3-day short term trend is down.
Up:
Down: IWM, DIA, SPY, QQQ,
Breadth weakened
on Friday, as decliners led 2,126 to 789 on the NYSE
and led 2,030 to 997 on the NASDAQ
The SPY
MFC green line is pointed down at 14 and is short-term
bearish.
Uptrend sectors: XLU, XLP,
Neutral sectors:
XLV, XLRE,
Down trend sectors: XLK,
XLY, XLI, XLF, XLE, XLC, XLB,
The 6-month intermediate
and long-term trends are still up. The three-month trend is down.
The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down
24 of 100 NDX stocks closed higher on Friday.
8
NDX stocks are above their 30
DMA. SBUX, WBA, CDNS, TSLA, PEP,
XLNX, CA, ROST,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
CA, ROST,
Moving Below 30 DMA = 4
CMCSA, ESRX, PYPL, QRTEA,
4 comments:
I notice Bullish Divergence on the spy from the 10/11 candle to last candle close. But it only shows up on the prophet charts with the hook. On tos charts the macd settings are the same 8,17,9 BUT it sure doesn't look the same. Does anyone know how to get the tos chart settings for the MACD to resemble the same ones in the prophet charts?
Remember P Charts has dividends but into profit charts
not sure if that is why
Scott...Both prophet and tos charts are showing the hook...I'm guessing you're not using the same settings on both charts...Dave
Thanks much Dave. I can see the hook now. It just looks so different as in prophet charts none of the histogram is even above the zero line, where as TOS charts have the last 5 bars above the zero line.
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