US - Market Direction 41 (Mar 18 - Dec18)

Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 10, 2018 10:04 am

Charts

DJ30 'sold off' to the 20 day EMA, testing it on the Friday intraday low before closing with a doji. Looks to have 'sold off' into a good lateral test that is setting up for a run at that January high.

SP500 is showing a doji at the 20 day EMA as well. Very orderly fade to support. Not violently volatile as seen in the past.

NASDAQ tested lower toward the 50 day MA as expected, showing a hammer doji and coming off the low. Maybe it wants to finish the 50 day MA test, but even so, that is not much of a drop. Some big names that rallied it were selling so NASDAQ sold. Now those names and NASDAQ are in good position to continue higher here from the middle of the range.

Source: Investment House
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 10, 2018 7:45 pm

NEW HIGHS OF NOTE LAST WEEK

Booz Allen Hamilton (BAH)... "offense" contractor
Sturm, Ruger (RGR)... guns
Ingersoll Rand (IR)... industrial equipment
Cintas (CTAS)... work uniforms
Sherwin-Williams (SHW)... paint
Lowe's (LOW)... one-stop shop for home repairs
Tractor Supply (TSCO)... "rural lifestyle" retailer
Burlington Stores (BURL)... discount stores
Ross Stores (ROST)... discount stores
Costco Wholesale (COST)... membership-only stores
d**k's Sporting Goods (DKS)... sporting-goods stores
Kroger (KR)... grocery stores
Church & Dwight (CHD)... Arm & Hammer, OxiClean
Hormel Foods (HRL)... Spam, Skippy, Muscle Milk
McCormick (MKC)... Old Bay, French's, Frank's RedHot
Darden Restaurants (DRI)... LongHorn Steakhouse, Olive Garden
Dine Brands Global (DIN)... IHOP, Applebee's
Dunkin' Brands (DNKN)... coffee, donuts, and more
AMC Entertainment (AMC)... movie theaters
SeaWorld Entertainment (SEAS)... theme parks
Apple (AAPL)... "shareholder friendly" giant
Qualcomm (QCOM)... semiconductors
Paychex (PAYX)... payroll processor
Aetna (AET)... health insurance
UnitedHealth (UNH)... health insurance
Humana (HUM)... health insurance
Advance Auto Parts (AAP)... auto parts
O'Reilly Automotive (ORLY)... auto parts

NEW LOWS OF NOTE LAST WEEK

HSBC (HSBC)... British bank
Barrick Gold (ABX)... precious metals
Goldcorp (GG)... precious metals
Ford Motor (F)... Big Three automaker
General Motors (GM)... Big Three automaker
Anheuser-Busch InBev (BUD)... beer giant

Source: Daily Wealth
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 17, 2018 8:17 am

MONDAY

The FOMC is the following week and expected to hike rates at that meeting.

The indices continue to trend higher and in the face of quite a load of very negative views regarding the current market and the economy's future.

As noted during the week, big firms, economists, billionaires were saying another financial crisis will occur in 2019 or 2020, a recession in 2019, a bear market either is here now or in the near future -- the trending market that continues trending higher with leadership gets no respect.

'climbing the wall of worry.'

What worries me? The Fed. I commented on this Thursday, and if you have not you need to read that commentary. The Fed is speaking the 'Fed language' about the perils of a strong economy, particularly vis-a-vis the rest of the world.

The 2000 Fed created disaster out of prosperity and we are still paying the price. The current Fed is using different words but talking the same theories.

For now we continue to play the good setups because for now it is just negative talk and Fed posturing. If it changes and the market's character changes, we will change as well, but for now it has not.

Source: Investment House
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 17, 2018 8:29 am

CHARTS

NASDAQ: On the week NASDAQ held the 50 day MA test and started higher Tuesday. Paused Wednesday, gapped upside Thursday. Paused again Friday. Very solid volume Tuesday to Thursday as NASDAQ held and then broke higher off that key level. Looks very good to continue moving upside in its trend after this test and bounce.

SP500: Held the 20 day EMA on the week and bounced similar to NASDAQ, moving higher Tuesday, then a pause, then up again Thursday. Friday was flat, but SP500 is just below the late August all-time high.

DJ30: The same action as SP500, the move up off the weeklong 20 day EMA test on Tuesday, a rest day, then a gap upside to a higher rally high. Friday was not much but the Dow did edge higher.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 17, 2018 8:29 am

CHARTS

NASDAQ: On the week NASDAQ held the 50 day MA test and started higher Tuesday. Paused Wednesday, gapped upside Thursday. Paused again Friday. Very solid volume Tuesday to Thursday as NASDAQ held and then broke higher off that key level. Looks very good to continue moving upside in its trend after this test and bounce.

SP500: Held the 20 day EMA on the week and bounced similar to NASDAQ, moving higher Tuesday, then a pause, then up again Thursday. Friday was flat, but SP500 is just below the late August all-time high.

DJ30: The same action as SP500, the move up off the weeklong 20 day EMA test on Tuesday, a rest day, then a gap upside to a higher rally high. Friday was not much but the Dow did edge higher.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Sep 17, 2018 8:22 pm

NEW HIGHS OF NOTE LAST WEEK

Sony (SNE)... electronics giant
Microsoft (MSFT)... "digital utility"
Roku (ROKU)... streaming devices
Qualcomm (QCOM)... semiconductors
Salesforce.com (CRM)... cloud computing
Match (MTCH)... online-dating giant
Grubhub (GRUB)... "smart" food delivery
Square (SQ)... "cashless" society
PayPal (PYPL)... "cashless" society
American Express (AXP)... financial giant
Visa (V)... credit cards
Darden Restaurants (DRI)... LongHorn Steakhouse, Olive Garden
Dunkin' Brands (DNKN)... Dunkin' Donuts, Baskin-Robbins
Kellogg (K)... Froot Loops, Pop-Tarts, Eggo
Accenture (ACN)... IT consulting
Aetna (AET)... health insurance
Pfizer (PFE)... prescription drugs
Boston Scientific (BSX)... pacemakers, catheters, and stents
Abbott Laboratories (ABT)... Similac, Pedialyte, Ensure
d**k's Sporting Goods (DKS)... sporting goods
Nike (NKE)... athletic apparel
Honeywell (HON)... manufacturing giant
Home Depot (HD)... one-stop shop for home repairs
Lowe's (LOW)... one-stop shop for home repairs
Sherwin-Williams (SHW)... paint
O'Reilly Automotive (ORLY)... auto parts
Dollar General (DG)... discount retailer
T-Mobile (TMUS)... telecom
Verizon (VZ)... telecom

NEW LOWS OF NOTE LAST WEEK

Newmont Mining (NEM)... precious metals
Barclays (BCS)... British bank
HSBC (HSBC)... British bank
ING (ING)... Dutch bank
Ford Motor (F)... Big Three automaker
General Motors (GM)... Big Three automaker

Source: Daily Wealth
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