Apple Inc Earnings Report Needs Positive Guidance | 1-26-16

Day traders need to sit down, all day.

There is money to be made at lunch, Yes you heard that right. Grab your lunch at 11:30 and get back to your seat and look for trades.

We had a great conversation in the mentor room yesterday, about the quickest trading method, that would make the greatest impact.

The answer is easy, eliminate one side of the market. Stop trying to buy weak stocks, look for a spot to short them.

Trading Podcast Downloads

Pete’s  Day Trading Notes:

  • GOOGL is close to overtaking AAPL as the most valuable company in the world. Will the Apple Inc earnings today be the catalyst?
  • Financial and oil stocks are still in solid down trends, tough to continue trading short without a meaningful pause, but it’s the correct play.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Apple Inc Earnings Report Needs Positive Guidance

–> Top 25 Proprietary Trading Secrets

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Day Trading Game Plan: The SPY ETF Outlook

SPY price action continues to show support in the $188 area. Day traders with patience, are rewarded on the short-side, but swing traders need to see this level break to justify the risk.

We see a massive head-and-shoulders top chart pattern, with the neckline (short-sale trigger) at the same $188 level.

Stay tuned for who wins…

(click the chart for a full view)

Apple Inc Earnings Report Needs Positive Guidance

Apple Inc Earnings Report Needs Positive Guidance | 1-26-16

Data: Apple primed to beat earnings estimates

CNBC Pro asked the earnings experts at Estimize and top analysts for their views on Apple’s earnings report and guidance.

Will Apple, Inc.’s Growth Markets Be Enough to Boost Revenue in 2016?

Can Apple’s fast-growing emerging markets save the company from tough comparisons?

BlackRock Loads Up On Apple Shares Ahead Of Earnings

Apple shares have been pummeled lately amid reports of slowing iPhone sales, but the world’s largest asset manager BlackRock showed confidence in the consumer electronics giant by adding shares to its portfolio. BlackRock said in a filing Monday that it owned 315.4 million shares of Apple, or 5.7% of total equity, at the end of theContinued

AAPL | Apple Inc.

The chart of AAPL Inc. has now reached a 50% retracement using the price action from July of 2013-June of 2015. The depth of this Fibonacci level tells traders this is the line in the sand. If price holds, the previous trend is still intact. If Apple’s stock can’t hold $100 after its earnings report, $75 is the next target.

(click the chart for a full view)

Apple Inc Earnings Report Needs Positive Guidance

Stocks to Trade 1-26-16

Short-Term Trading Momentum:

Positive the last 20 and 5 trading days | closed 2% higher from the open: GLNG, TYC

Negative last 20 and 5 trading days | closed 2% lower from the open: dvn, ip, cop, eog, aer, coh, hfc, mos, nbl, stx, su, wdc, mon, cma, mpc, cf, tol, ben, hain, cof, jci, c, gs, pnc, xom, hal, sti, bwa, pru, wfc, lnc, schwluv

Quarterly Order Flow:

Bullish Stocks to Trade: EA, MCD, NEE, FSLR, MDT, DLTR, GOOGL

Bearish Stocks to Trade: dvn, hes, cop, apc, eog, aer, hfc, nbl, stx, wdc, cat, mon, apa, mpc, cf, hain, cof, len, c, gs, pnc, lyb, oxy, bwa, slb, stt, pru, lnc, jpm, luv, kmx, cb, unp, utx, vmw, ma, gild, dlph, tif, ual, ba, ibm, axp, esrx, abc, etp, wpz

20 Day Breakdown: cma, bwa, tol, gs, cof, etfc, sndk, sti, ip, mon,

20 Day Breakout: BMR, CTSH, GLNG, TYC

2x Normal Volume: TYC, JCI, GLNG, IP, SNDK, GRUB, AXP, STI, HES, MCD, AMTD, COH

Inside days: ge, csco, intc, yhoo, slb, sbux, nke, pg, unp, nwl, oxy, ual, ba, hcp, gis, fdx, mbly, mjn, hrb, hca, skx

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