Friday, October 20, 2017 10:52:33 AM
BUZZ- Fractures may lead to DJI coming up lame
9:28 AM ET, 10/19/2017 - Reuters
** DJI in the lead in Oct, closing over 23k milestone on Weds
** However, the blue-chip index finished within Fibo projection zone with momentum study at levels suggesting risk for a crest
** DJI up 3.4 pct MTD, handily beating other major indices
** NYSE Composite, S&P 500, Nasdaq Composite , and Nasdaq 100 up 1.3-2.3 pct in Oct
** Small-cap Russell 2000 up just 1 pct, and DJ Transports actually down 0.1 pct. RUT and DJT both shy of fresh records in signs of fracturing
** And DJT has so far failed right at Fibo projection resistance amid longer-term momentum divergence
** Meanwhile, just 4 stocks: Boeing, UnitedHealth , McDonald's and Apple responsible for nearly half of DJI YTD gain
** BA, Goldman Sachs and IBM about a third of the index's gain off Aug trough. IBM alone nearly 60 pct of DJI's gain Weds
** On Elliott Wave basis, DJI can be in 5th (final) wave up from early 2016 low, closed within 23044.17/23250.09 Fibo proj zone. Chart:
** Daily RSI nearing late 2016/early 2017 highs, just where should reverse to keep momentum divergence intact
** Support 22630 with rising 50-DMA (now 22237)
** Meanwhile, crushed SPX historical volatility study warns of instability risk
** And IXIC came within ~0.2 pct of its resistance Weds. This as internal measures have turned down, suggesting an exhausted rise
Recent SPY News
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
- Form 24F-2NT - Rule 24F-2 notice • Edgar (US Regulatory) • 12/14/2023 03:06:43 PM
- S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
- MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
- S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
- Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
- How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
- Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
- Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
- Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
- The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
- Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
- Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
- Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM
- Big Tech Earnings In Focus for S&P 500 and Investors? • Finscreener.org • 07/24/2023 10:41:00 AM
- Will The S&P 500 Index Enter a Bull Market In July? • Finscreener.org • 07/03/2023 10:41:00 AM
- What Next for S&P 500 After 13.8% Gain In First Half of 2023? • Finscreener.org • 06/27/2023 11:07:00 AM
- What Next For S&P 500 After It Gains 26% From 52-Week Lows • Finscreener.org • 06/19/2023 10:12:00 AM
- What Next for Investors As S&P 500 Enters Bull Market Territory? • Finscreener.org • 06/11/2023 08:27:00 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM