Ready for Labor day yet?
This is a tough tape. There is money to be made but you need patience and a solid game plan before the market opens.
The SPY closed near the open and within .26 of the previous days close. Not to mention that it took almost two hours to give us any semblance of a trend. Facebook price action continues to show us indecision or selling on the daily charts.
Not a good short-term indicator for the stock. Yesterday’s best trades were WYNN short and HD long. NLFX gave a a clean entry @11:45.
Stock Market Today: Map of the S&P 500
(click the map for a full view)
SPY produced a doji type candlestick and half the volume from the previous day. The long-term pennant continues to form as price action consolidates. No edge here…still.
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Stocks to Trade | Friday August 14, 2015
- Neutral tape. Stock specific. Be patient for only great trades.
Charts in Focus
Prior to reporting earnings FB looked poised to make a clean run upwards through $100 and beyond Since the earnings announcement, we see nothing but indecision and selling. It looks like Facebook could trade between $94-98 for a while but I would be surprised if it didn’t break down to the $88 area. Price and volume don’t lie.
Long-term I think the stock is a great company and miles ahead of the competition. Please keep in mind we are talking about this quarter of earnings.
(click the chart for a full view)
Earnings in play today > 1M avg shares: BTG, JCP, CIG, ITEK, SBS
Bullish Ideas ATR/Volume/Price: NFLX, GOOG, GOOGL, AMZN, HFC, UA, VLO, TSO, AMT, HD, PSC, HON>106, EA
Bearish Ideas ATR/Volume/Price: yelp, gmcr, qrvo, juno, rrc, uri, wpz, dvn, bidu, cvx, cern, hot, oke, cvx, aapl, wynn, sina, baba, cat, nsc, etp, mmm, unp
Weak Stock Weak Close: yelp, gmcr, juno, rrc, twtr, uri, wpz, dvn, pwr, gps, oke, clr, wynn, isis, cnq, ctl, bhi
Strong Stock Weak Close: CCE, MDLZ, TSO,
Weak Stock Strong Close: tasr, qrvo, paa, dyn, ncr, baba, yhoo, grub
Strong Stock Strong Close: UA, NFLX, HRB, DHI, DAL, D, GT, JBLU, SABR, NLSN, HIG, KOM, TOL, CCL, MCD
20 day Breakdown: gmcr, dvn, kss, gps
20 Day Breakout: HIG, DAL, PHM, LOW, LUV, DHI, HD, HCP, TJX, D, KIM, PLD, TOL, ED, ADSK,
2x Normal Volume: kss, hig, sune, csco, nbl, yum, tsn, yhoo, oke, gmcr, jdsu
Watch List Longs: MO, TRV, BK, TJX, HD, MCD>100, DAL, TOL, JNPR, ADBE
Watch List Short: cop, kss, bmy, cvx, bby, all, bhi<55, xom, jnj<98, dow, m, dd, wynn, hpq, klac, lltc, ntap<30.50
Inside days: intc, kmi, hal, cvx, qcom, pypl, tsm, oxy, nvda, apa, kr, slb, cat, axp, coh, bidu, pm, apc, sxhw, abt, symc, jci, kors, bk, sti, unp, sndk, mxim, cern, ibm, bhi, esrx, mur, cybr, adi, wdc, googl, mbly, amba, kate, nsc, qihu
Facebook Price Action Shows Weakness | August 14
Shares of Facebook, Inc. (NASDAQ:FB) Sees Large Outflow of Money
Facebook, Inc. (NASDAQ:FB) managed to eke out gains of 0.61% in intraday trade.
The share price increased by 0.57 points to $94.19. Till last observation, the net money flow was recorded at a negative $(-27.32) million. The total inflow of $531.94 million in upticks was completely overshadowed by an outflow of $559.26 million in downticks, giving the up/down ratio a value of 0.95.
The shares have seen a change of -0.12% in the past week.A block trade occurred in the shares in which the composite value of the upticks was $12.71 million and the composite value in downticks was $24.43 million. The resultant up/down ratio for the block exchange was 0.52. The block trade had a negative money flow of $(-11.72) million.
Continue reading on insidertradingreport.org
Facebook Sees Significant Increase in Short Interest (FB)
Shares of Facebook (NASDAQ:FB) were the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 28,597,063 shares, a growth of 21.7% from the July 15th total of 23,489,003 shares, AnalystRatingsNetwork.com reports.
Based on an average daily volume of 44,381,902 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the shares of the stock are sold short.
Continue reading on dakotafinancialnews.com