Busy Earnings Day 10-22-15 | Stocks to Trade

Traders should continue to be in day trading mode.

This means we see the stock market with no clear bias. There are plenty of individual stocks with clean institutional participation but the SPY is like trying to read a book with blank pages.

Continue to be stock specific. It’s the smart play right now.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Busy Earnings Day 10-22-15

Day Trading Game Plan: The SPY ETF Outlook

SPY reversal on decent volume should lead to another trend day lower. Plenty of earnings and economic numbers today but I see yesterday as a short-term bearish signal.

(click the chart for a full view)

Busy Earnings Day 10-22-15

Pete’s Notes:

  • Today will tell us if the news will be ignored and the sellers can push the SPY lower into $200 support.

Charts in Focus

IBM | International Business Machines Corporation

Next support in IBM is $121.50

(click the chart for a full view)

Busy Earnings Day 10-22-15


Busy Earnings Day 10-22-15


Busy Earnings Day 10-22-15 | Stocks to Trade

Earnings in play today > 1M avg shares: LLY, CAT, MCD, DOW, UAL, DHR, UNP, MXIM, COF, MMM, SKX, DNKN, AMZN, CAM, PRGO, CAB, FTNT, RCL, NUE, GRUB, SYK, ALK, GOOGL, RTN, DPS, SWK, VRSN, ETFC, JNPR, MSFT, LUV, UA, TZOO,

Relative STRENGTH to yesterday’s SPY NEGATIVE change from the open: TGT, BHI, GMCR

> 20sma, positive week and closed 2% higher from the open: GMCR

<20sma, negative last 5 days and closed 2% lower from the open: vrx, endp, vmw, agn, myl, stx, mnk, wmb, wynn, hca, scty, thc, amba, vrtx

Bullish Ideas ATR/Volume/Price: SNDK, KLAC, TRIP, NKE, ACE, ADI, TRV, DLPH, DIS, HD, EA, CRM, MCD, FB, CAM, AMZN, ADBE, RCL

Bearish Ideas ATR/Volume/Price: vrx, vmw, endp, scty, amba, tsla, feye, mnk, stx, hca, lly, hog, abc, wmb, lng, aet, dltr, fit, dg, rrc, lulu, vrtx, cah, ibm,

Weak Stock Weak Close: hot, ar, rax, bbby, vrtx, amba, lulu, lbtya, thc, scty, bxlt, fit, rrc, cog, feye, aet, wmb, mnk, fti, ete,

Strong Stock Weak Close: SNDK, JBL, NFX, CRM

Weak Stock Strong Close: hds, tgt

Strong Stock Strong Close: GM, ADI, TRV

20 day Breakdown: agn, bkd, endp, hog, hznp, lly, pah, vip, vmw

20 Day Breakout: ACE, GM, MJN, TRV, UTX

2x Normal Volume: VRX, KLAC, VMW, ENDP, LRCX, SNDK, WDC, AGN, HOG, BIIB, STJ, MNK, BA, TEVA

Watch List Longs: GE, TRV, PM, MO, COST, HD, KO, MCD, JNPR,

Watch List Short: aet, wmt, kss, bby, wmt, ual, m, ebay

Inside days: mrk, cbs, mas, vlo, mxim, tsla, apa, bx, do, tso, hp, pxd, yelp, car

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Leave a Reply 2 comments

bob Reply

GM-Pete-when I read this I see a plan–so important –you are covering all bases –and resulting in a trade your plan with a explanation –thnx -bob

Lou Romaniuk Reply

Hey Pete…. fyi emailed u again re: same principle in BA today… will be great if u can incorporate your own thoughts on that one as well. thx man

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