Day trading is very stock specific right now, but the market is clearly winding up for an increase in volatility.
As AAPL stock drops, NFLX has emerged as one of the best stocks for short-term trading. Netflix has liquidity (so you can manage risk) and consistent volatility so you have reward potential. NFLX should be on your radar.
PS. Happy birthday to my mom today. Love you.
August 5 Stock Market Today: Map of the S&P 500
(click the map for a full view)
SPY inside day and forming a second higher-low on the daily. The range is getting tighter, we are clearly setting up for an expansion in volatility.
(click the chart for a full view)
Stocks to Trade | Wednesday August 5, 2015
- TSLA earnings after the close today.
- FB extended bull flag still holding after earnings, inside day at 20sma.
Charts in Focus
AAPL Chart: Stocks price breaks key support and long-term trends.
(click the chart for a full view)
Earnings in play today > 1M avg shares: MRO, FIT, CTL, CTSH, CLR, KATE, CBS, TWA, PGR, D, TSLA, FOX, PRU, CF, GMCR, HCA, TSO, DISH, HLF,
Bullish Ideas ATR/Volume/Price: V, NFLX, FIT, AMZN, GOOGL, UA, TEVA, RCL, AMBA, CELG, AGN, MBLY, FB, ACN, HD>118, NKE, MA, GILD, HCA
Bearish Ideas ATR/Volume/Price: qvro, yelp, myl, uri, rrc, tasr, apa, sina, hes, cvx, bidu, eog, utx, aapl, wpc, cof, cat, bhi<55, oxy, mon, hot, mmm, apc, grub, baba, unp
Weak Stock Weak Close: aapl, nrg, all, emr, exc, qvro, ir, rrc, oke, dvn
Strong Stock Weak Close: RCL, HIG, DHI, CCL, KR, ARMK
Weak Stock Strong Close: baba, bidu, cnq, mos, tasr, yelp, yhoo
Strong Stock Strong Close: NFLX, CCE, AMBA, CTRP
20 day Breakdown: aapl, aig, xom, nrg, cnx, pg, all, swkx, emr, qrvo, ir,
20 Day Breakout: CTRP, CTSH, MGM, NFLX
2x Normal Volume: AAPL, BAX, MGM, AIG, NRG, BXD, TSN, COH, ALL, SWKS, CVS, CCE, CTRP, ETFC, STWD, NSC, CAR, IR
Watch List Longs: AMGN, MO, SBUX, TRV, TWC, BK, PM, HD>118, TJX, USB, PRU, WFC, PNC, JPM, MGM, EBAY, JNPR, AKAM, MSFT, C, ADBE
Watch List Short: cop, cvx, cof, bhi, xom, bby, all, hal, axp, wmt, dd, klac, lltc, wynn, hpq, ntap,
Inside days: ge, twtr, fb, gm, orcl, sbux, cce, atvi, fit, cop, wfm, utx, abbv, apa, slb, clr, lly, bidu, nke, m, ups, ci, ip, unh, tjx, mbly, ua, adbe, urbn
AAPL Stock Drops | Apple Inc. News August 5
AAPL: 3 More Reasons to Bet Against Apple Stock
A break of technical support has AAPL reeling, and a number of fundamental woes could keep the pain coming.
The reasons were clear: Apple’s stock chart looked weak, the Apple Watch was lame, Tim Cook just doesn’t have the magic, smartphones are played out and earnings looked shaky. A melt-up into the earnings release ensued because hope dies hard.
But then reality hit.
Shares have plunged below their 200-day moving average for the first time since 2013 and are down nearly 14% from their high. As you surely know, AAPL’s quarterly results were a disappointment on a miss in iPhone sales and China results. Well, the selloff in Apple stock was deepening on Tuesday.
Continue reading on investorplace.com
Apple (AAPL) Stock Down After Denying MVNO Plans
“We have not discussed nor do we have any plans to launch an MVNO,” an Apple spokeswoman said. The denial follows reports that Apple is developing a virtual network similar to Google’s (GOOG) Fi that would switch between multiple carriers while using a single Apple SIM card.
A report from research firm Canalys saying that Xiaomi retook the title of smartphone market share leader in China in the second quarter may also be weighing on Apple’s stock. The report said that Apple had the third most smartphone shipments in China in the second quarter, behind Huawei.
About 67.1 million shares of Apple were traded by 11:27 a.m. Tuesday, above the company’s average trading volume of about 45.3 million shares a day.
Insight from TheStreet’s Research Team:
TheStreet’s Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust commented on Apple in a recent post on RealMoney.com. Here is what Cramer had to say about the stock:
Continue reading on the street.com