DOW: +16.13 to 11,533.05
S&P500: -4 to 1,273.41
NASDAQ -18 to 2,331.07
-------------------------------------
NYSE Breath: 5.6/5.6 parody
NYSE Trin: 1.1
NASDAQ Breath: 1.6:1 negative
NASDAQ Trin: 1.86
a/d line: 1.5
Core sector: 11/5
VIX - .57
-------------------------------------
The Market tryed to shrug off the beat down from the highs it took yesterday, but failed to even amount a rally up past the 1278 pivot. Around the 11 o'clock time frame (Eastern time) the ES' failed to hold 1280 and dropped under the mark for the rest of the day, meandering between 1278 and 1265 support. During the late day, the exchanges mounted a small push up to the 1275 mark on the ES (11550 on the $DJI DOW JONES) but still count not get over that point of resistance.
------------------------------------
Internals were neautral to bearish today with the NYSE Breath closing at parady while the NYSE TRIN closed at 1.1, THe Nasdaq faired a lil more bearish with the Breath closing at 1.6 : 1 to the bears and the Nasdaq trin closing at 1.86. The core sector list was 11/5 to the bears and the VIX closed 0.57 pts down.
-------------------------------------
Stocks In Scope:
MICC (Bearish): Bounce off highs
WYNN (Bearish): H&S
ILMN (Bearish): Breaking down
V (Bearish): Symetrical triangle forming, watch for break.
NTES (Bullish)
SINA (Bullish)
CLNE (Bullish)
ARO - Dark Cloud pattern formed today, while the Oct 40 calls are experiencing
unusual options activity.
--------------------------------------
Food 4 Thought to Use with Stocks:
Today im featuring a very useful website pointed out to me by one of my fellow traders (good look out DM). The website is http://www.candlesticker.com/ and if you didnt catch it in the title - the site deals directly with candlestick patterns, Bullish - Bearish and Neutral....Ranging from high to low reliability. IF ever looking to expand your technical anaylsis skills this site is a good stop for FREE help. Below ive posted a couple of photos from the website...
Bullish Morning Star:
Bullish Mat Hold:
Bearish Dark Cloud:
Neutral Long Legged Doji:
Home Page For Candlesticker:
___________________________________________________
Important Disclaimer! This website is for entertainment purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Absolutely consult your Registered Financial Adviser and your Risk Trading Plan before ever investing or trading any financial instrument!
S&P500: -4 to 1,273.41
NASDAQ -18 to 2,331.07
-------------------------------------
NYSE Breath: 5.6/5.6 parody
NYSE Trin: 1.1
NASDAQ Breath: 1.6:1 negative
NASDAQ Trin: 1.86
a/d line: 1.5
Core sector: 11/5
VIX - .57
-------------------------------------
The Market tryed to shrug off the beat down from the highs it took yesterday, but failed to even amount a rally up past the 1278 pivot. Around the 11 o'clock time frame (Eastern time) the ES' failed to hold 1280 and dropped under the mark for the rest of the day, meandering between 1278 and 1265 support. During the late day, the exchanges mounted a small push up to the 1275 mark on the ES (11550 on the $DJI DOW JONES) but still count not get over that point of resistance.
------------------------------------
Internals were neautral to bearish today with the NYSE Breath closing at parady while the NYSE TRIN closed at 1.1, THe Nasdaq faired a lil more bearish with the Breath closing at 1.6 : 1 to the bears and the Nasdaq trin closing at 1.86. The core sector list was 11/5 to the bears and the VIX closed 0.57 pts down.
-------------------------------------
Stocks In Scope:
MICC (Bearish): Bounce off highs
WYNN (Bearish): H&S
ILMN (Bearish): Breaking down
V (Bearish): Symetrical triangle forming, watch for break.
NTES (Bullish)
SINA (Bullish)
CLNE (Bullish)
ARO - Dark Cloud pattern formed today, while the Oct 40 calls are experiencing
unusual options activity.
--------------------------------------
Food 4 Thought to Use with Stocks:
Today im featuring a very useful website pointed out to me by one of my fellow traders (good look out DM). The website is http://www.candlesticker.com/ and if you didnt catch it in the title - the site deals directly with candlestick patterns, Bullish - Bearish and Neutral....Ranging from high to low reliability. IF ever looking to expand your technical anaylsis skills this site is a good stop for FREE help. Below ive posted a couple of photos from the website...
Bullish Morning Star:
Bullish Mat Hold:
Bearish Dark Cloud:
Neutral Long Legged Doji:
Home Page For Candlesticker:
___________________________________________________
Important Disclaimer! This website is for entertainment purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Absolutely consult your Registered Financial Adviser and your Risk Trading Plan before ever investing or trading any financial instrument!
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