SPY: 127.50 the 200 DMA next big area although through Thursday's high could see it clear easily. A reversal if breaks and closes under 123.50.
IWM: Through 75.20 should see 77.75 the 200 DMA handily.
QQQ: Took the lead with an accumulation day in volume. Back to July unless 56.40 breaks on a closing basis.
ETFs:
GLD Beautiful follow through from inside and narrow range day. 172.20 now pivotal 177.40 next target.
FXI* (China) If clears 38.60 back to watching 40.00 next.
EWZ (Brazil) Could not close over 32.60 tried to take a stab on an intraday basis. Subs*-Through R1 62.88 will try again
XLF (Financials) Watch 13.10 to hold and a move back above 13.45 encouraging.
XRT (Retail) Took a breath. Over 53.50 should get it going again.
SMH (Semiconductors) Subs-32.16 to clear or R1
IBB (Biotechnology) Subs-96.13 R1 to clear
OIH (Oil Service Holders) Held Friday low at 126.55. Let's see what happens over 130.00.
Longs: Today's video covers an important rule on stops and fudge of ATR when buying/selling breakouts/downs or reversals. Especially important to help you determine your personal risk threshold and what type of trade you want.
BXP Had on list with EQR but did not clear R1 now at 99.95 which also clears the 200 DMA and lots of congestion. Swing risk is under 95.55, mini under 97.55 and daytraders under the pivots which are positive at 98.00. Also a candidate for a reversal since pivots positive. First target 113. Day to Swing
AAPL If the market indeed firms, AAPL will come along. Held the 50 DMA and now must clear R1 at 401.14. That also clears the 10 DMA. Stops: Swing-395 mini-397.25 Day-398.50. 1st Target 421. Day to Swing
AVGO (NR 13) Positive pivots at 34.27 and once clears 34.70 could see pop to 39.00 or better. Converging moving averages below. Swing stop 32.75 for hold to earnings in December. Day to Swing
CNI (NR 10) Positive pivots at 79.35 with potential to 83.00 or better. Miniswing stop 78.10. Look at reversal or a follow through trade over 80.26. Day to mini
STT (NR 26) Positive pivots at 40.34 holding the 160 EMA at 39.00, a good risk. A weekly close above 41.83 puts it back over the 65 weekly moving average first time since July. Then could see move to 47.00 or higher. Day to Swing
VFC 2 days under the FTP at 135.60 and should hold today's low133.74 if good. The 10 DMA at 137.22 would like to see clear on a closing basis. R1 at 1347.55 could wait for that as well. 1st target 141.70 or better. Day to Swing
Honorable Mention: OR Reversal NFLX* APA WLT (NR 20) PTEN EQR GOOG VLO Must clear R1 LVS* (48.50) FSLR (Still oversold on weekly, monthly must clear 49.35) NSC* LULU(Through 56.20) F (Through 11.33)
Shorts:
DO Should not clear the 200 DMA at 67.30 with negative pivots at 65.38. Under 64.20 breaks the 160 EMA then could drop to 61.00. Day to Swing
VMC Negative pivots at 30.31 and should not clear R1 31.02. Could see move to 25.00 if breaks 29.00Day to mini
LEA Negative pivots at 44.93 and should not clear 45.56. Could see move to 40.00. Day to mini
CHK negative pivots at 26.88 and should not clear 27.45. Could see move to 20.00 Day to mini
Honorable Mention: WYNN (R1 131.62) VMED (R1 24.50)
Goodnight!
