Friday, August 7, 2015

8/7/15

Stock fell most of the session but rallied at the end of day.


/ES has held above its 200ma while SPY and UPRO tested theirs.  /ES RTH 10ma still above 50ma.

/ES Extended Hours


/ES RTH
.
SPY dipped below 200ma

Expected VIX to be higher.  MACD is above 0 line and VIX is above 10ma.


Russel remains below all major ma's.  Not a good sign for bulls.  Needs to reverse here to avoid further selling towards 1130.


Nasdaq trying to hold 50ma.


DOW still below all ma's.  vM to 16191 has been triggered.


The $ had a volatile day early A.M., rallying above 98.25 nulling shorter term vM's.  However it closed down at session lows.


Bond futures rallied.  MACD looks bullish.


Gold continues to balance around its 10ma.


Oil continues its fall towards $40.


Copper made new lows.  $2.16 looks certain.  


XLF was able to barely close above its 10ma after falling below towards it 50ma.


IBB fell heavily in the A.M, but like the indexes, rallied at the EOD to gain some back.  


WBA is pulling back from all time highs.  It has a gap that will likely be filled at $85.93.  Hourly chart also has Volume Point of Control at $86.11.  If cant hold $82.53, it will likely see $75 area.  Inverted head and shoulders to 107 has formed if can hold 82.5




AAPL balancing at the gap recently filled.  Still below its major ma's , but hourly MACD looks bullish.  Still has vM to 108.67 triggered though.


DDD balancing at 10ma.  Needs bullish hourly and daily MACD, along with price above 10ma.  $11.49 Line in sand.


TWTR came with on .02 of vM target price 26.85.  If cant hold here, Sub-$20 on the radar.



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