SPY, DIA Make New All-time Closing High as SPY, DIA, IWM Bull Flag Bounce...

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After the Close Review of Friday’s market action…SPY, DIA, QQQ, IWM, VIX, weekly chart review, XLI, XLF, XLY, XLB, XLP, XLK, XLV, XLE, XLRE, XLU, X, BA, AAL, STX, NTAP, MU, BAC, AXP, BA, CAT, GS, HD, IBM, MMM, NKE, TRV, UNH, JPM, COST, CSX, MS bull flag and breakout setups…technical analysis insights…10:24 pm PST

© 2017

Nine sectors were higher on Friday, led by industrial XLV +1.12% and materials XLE +0.92%.

SPY up 1.44 at 265.51 on 76.5 million shares, 8% above average volume.  Up on lower volume.

VIX down .58 at 9.58

Oil up .72 to 57.34

TLT up .01to at 126.69…on 13.0 million shares, 38% below average volume.  Up on lower volume.

MSFT +2.02%, and UNH +1.71%, led the DJIA, 23 advancers.

FL +4.05%, CTL +4.04%, and AYI +3.81%, led the SPX.

ALXN +7.19%, WDC +3.98%, VRTX +3.48%, MYL +3.48%, and CELG +3.27%, led the NDX.

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

Up: SPY, DIA, QQQ, IWM,

Down:

Breadth weakened on Friday, as advancers led 1,750 to 1,163 on the NYSE and led 1,627 to 1,264 on the NASDAQ.

The SPY MFC green line in pointed up at 78, bullish.

Uptrend sectors:  XLY, 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 week and it is appropriate to wait for the uptrend to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, 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,

70 of 100 NDX stocks closed higher on Friday.

55 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

ALXN, GILD, MSFT, SHPG, TSLA,  

Moving Below 30 DMA = 2

KHC, KLAC,

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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Buyers are Back in Town...Job Report Friday Morning...

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After the Close Review of Thursday’s market action…IWM, QQQ, SPY, DIA, TLT, VIX, FAS, AXP BA sim trade review, CAT, GS, HD, IBM, JPM, ADBE, PYPL, FB,  MU, AAPL, AMZN, GOOGL, MSFT, /ES, and more great bull flag setups…technical analysis insights…9:24 pm PST

© 2017

Nine sectors were higher on Thursday, led by industrial XLI +0.92% and materials XLB +0.68%.

SPY up .83 at 264.07 on 77.1 million shares, 9% above average volume.  Up on higher volume.

VIX down .86 at 10.16

Oil up .65 to 56.62

TLT down 1.00 to at 126.68…on 13.0 million shares, 62% above average volume.  Down on higher volume.

CAT +1.82%, and V +1.51%, led the DJIA, 16 advancers.

EIX +4.44%, EW +3.61%, and MLM +3.49%, led the SPX.

MU +3.90%, ALGN +3.59%, FOXA +2.92%, LRCX +2.68%, and AAL +2.56%, led the NDX.

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

Up: IWM, QQQ, SPY, DIA,

Down:

Breadth strengthened on Thursday, as advancers led 1,813 to 1,059 on the NYSE and led 1,766 to 1,101 on the NASDAQ.

The SPY MFC green line is pointed down at 77.7, defensive.

Uptrend sectors:  XLY, 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 week and it is appropriate to wait for the uptrend to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, 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,

66 of 100 NDX stocks closed higher on Thursday.

52 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

CELG, FB, GOOGL, KLAC, MYL, TXN,

Moving Below 30 DMA = 2                                                                          

TSLA, XRAY

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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QQQ Finds a Little Bounce in its Step as AMZN, FB, GOOGL, MSFT, ADBE, PYPL, MU, Buyers Return at Support...

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After the Close Review of Wednesday’s market action…/ES, SPY, DIA, QQQ, AAPL, AMZN, FB, GOOGL, MSFT, ADBE, PYPL, MU, AXP BA, CAT, GS, HS, IBM, JPM and more great bull flag setups…technical analysis insights…9:15 pm PST

© 2017

Five sectors were higher and one was unchanged on Wednesday, led by technology XLK +0.64% and staples XLP +0.64%.

SPY up .05 at 263.24 on 75.8 million shares, 6% above average volume.  Up on lower volume.

VIX down .31 at 11.02

Oil down 1.51 to 55.97

TLT up .44 to at 127.68…on 10.9 million shares, 38% above average volume.  Up on higher volume.

MSFT +1.46%, and V +1.07%, led the DJIA, 11 advancers.

HRB +10.27%, BF/B +6.53%, and AGN +2.26%, led the SPX.

ADBE +3.57%, TSLA +3.15%, PYPL +2.72%, ISRG +2.58%, and ALGN +2.49%, led the NDX.

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

Up: QQQ,

Down: SPY, IWM, DIA,

Breadth strengthened slightly on Wednesday, as decliners led 1,666 to 1,230 on the NYSE and led 1,930 to 961 on the NASDAQ.

The SPY MFC green line in the upper zone at 80.2, prepare to become defensive.

                               

Uptrend sectors:  XLY, 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 week and it is appropriate to wait for the uptrend to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, 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, RACE, TAL,

50 of 100 NDX stocks closed higher on Wednesday.

48 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

ILMN, TSLA,

Moving Below 30 DMA = 2
DISH, MYL,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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Morning Rally Fades for the Second Straight Day...

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After the Close Review of Tuesday’s volatile market action…SPY, DIA, QQQ, MCD, WMT, AAPL, AMZN, FB, GOOGL, MAST, MU, XLK, XLP, Aad more great setups technical analysis insights…11:08 pm PST

© 2017

One sector was higher on Tuesday, led by technology XLK +0.03% and staples XLP -0.16%.

SPY down .95 at 263.19 on 77.9 million shares, 32% above average volume.  Down on lower volume.

VIX down .35 at 11.33

Oil up .04 to 57.48

TLT up .63 to at 127.24…on 10.9 million shares, 33% above average volume.  Up on higher volume.

MCD +1.37%, and WMT +0.85%, led the DJIA, 9 advancers.

VLO +6.66%, DLR +2.20%, and DLPH +2.15%, led the SPX.

MU +3.28%, EBAY +3.11%, EA +2.53%, SIRI +2.32%, and WDC +1.88%, led the NDX.

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

Up: QQQ,

Down: SPY, DIA, IWM,

Breadth weakened on Tuesday, as decliners led 1,870 to 1,037 on the NYSE and led 1,856 to 1,020 on the NASDAQ.

The SPY MFC green line in the upper zone at 83.9 prepare to become defensive.

Uptrend sectors:  XLY, 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 week and it is appropriate to wait for the uptrend to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, 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, RACE, TAL,

42 of 100 NDX stocks closed higher on Tuesday.

48 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

EBAY,  

Moving Below 30 DMA = 7

AAPL, BMRN, ILMN, LVNTA, MAT, NCLH, SHPG,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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DJIA / DIA New Record High...MSFT, AMZN, FB, NVDA, AAPL Lead NDX Lower as Tech Off Rotation Continues Day 4...

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After the Close Review of Monday’s volatile market action…/ES, SPY, DIA, DIS, HD HD BA, JPM, DWDP, CVX, GS, QQQ, MSFT, AMZN, FB, NVDA, AAPL, ADBE, GOOGL, AVGO, PYPL, XLF, SCHW, STI, BAC, ZION, C, and more great setups technical analysis insights…10:42 pm PST

© 2017

The SPX gapped up to a new intra-day high and after 15 minutes began to move lower and by the end of the day, the SPX had filled the opening gap.  The DJIA and DIA closed at a new all-time high on the strength of DIS and HD.

Five sectors were higher on Monday, led by financial XLF +1.52% and discretionary XLY +1.16%.

SPY down .32 at 264.14 on 94.0 million shares, 32% above average volume.  Down on lower volume.

VIX up .25 at 11.68

Oil down .85 to 57.44

TLT up .06 to at 126.61…on 9.6 million shares, 28% above average volume.  Up on lower volume.

DIS +4.72%, and HD +2.48%, led the DJIA, 17 advancers.

M +6.66%, GPS +6.60%, and FL +5.66%, led the SPX.

DISCA +7.14%, ORLY +6.82%, ESRX +5.82%, FAST +5.17%, and CMCSA +4.92%, led the NDX.

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

Up: DIA,

Down: SPY, IWM, QQQ

Breadth strengthened on Monday, as advancers led 1,481 to 1,443 on the NYSE and decliners led 1,632 to 1,323 on the NASDAQ.

The SPY MFC green line in the upper zone at 89 bullish.

Uptrend sectors:  XLY, XLI, XLF, XLB, XLV, XLP, XLU, XLE, XLRE,

Neutral sectors: XLK,

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past week and it is appropriate to wait for the uptrend to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN, 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, RACE, TAL,

47 of 100 NDX stocks closed higher on Monday.

54 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

NCLH, PCAR, 

Moving Below 30 DMA = 8

ALGN, AVGO, CHTR, GILD, INTC, ISRG, MSFT, PYPL,

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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Dramatic Selloff Followed by Swift Rally...Volatility Gets Volatile...Volume Surges...

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After the Close Review of Friday’s volatile market action…DIA, VIX, SPY, IWM, QQQ, XLF, BAC, JPM, C, MS, ETFC, SCHW, CBOE, XLI, DLTR, CSCO, NKE, HC, IBM and more great setups technical analysis insights…10:58 pm PST

© 2017

Stocks staged a dramatic selloff and volatility spiked after word of Michael Flynn’s guilty plea was announced.  Markets then staged a dramatic rally and closed slightly lower on Friday.  Volatility closed slightly higher.  Volume spiked to its highest level since May 17.  Much of the volume after 11:30 am ET was buying volume.

Four sectors were higher on Friday, led by energy XLE +0.84% and staples XLP +0.25%.

SPY down .55 at 264.46 on 164.3 million shares, 133% above average volume.  Down on higher volume.

VIX up .15 at 11.43

Oil up .87 to 58.29

TLT up 1.43 to at 126.55…on 24.6 million shares, 219% above average volume.  Up on higher volume.

MRK +1.09%, and CSCO +0.80%, led the DJIA, 20 advancers.

APA +5.71%, HPE +3.51%, and BHGE +3.26%, led the SPX.

MYL +4.35%, REGN +3.21%, CHTR +3.08%, LVNTA +2.53%, and CMCSA +2.37%, led the NDX.

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

Up:

Down: DIA, SPY, IWM, QQQ

Breadth weakened on Friday as advancers led 1,504 to 1,431 on the NYSE and decliners led 1,750 to 1,181 on the NASDAQ.

The SPY MFC green line in the upper zone at 92 bullish.

Uptrend sectors:  XLY, XLI, XLF, XLB, XLV, XLK, XLP, XLU, XLE, XLRE,

Neutral sectors:

Down trend sectors:

Intermediate-term trending stocks:  ADBE, PYPL, ALGN, BA, V, MCD, CAT, MU, TRU, FB, A, ISRG, CBOE, LYV, TTWO, AABA, BABA, CDNS, ANET, WYNN, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, SQ, CC, FCAU, RACE, TAL, CCL, RCL, EDU, AA,

33 of 100 NDX stocks closed higher on Friday.

60 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 3

CHTR, LVNTA, MYL,

Moving Below 30 DMA = 4

ADBE, GOOGL, PCAR, TXN,

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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