FOMC Minutes | CRM Earnings | May 20

FOMC Minutes | TGT SPLS CRM Earnings

FOMC minutes are on tap for this afternoon, which explains the selling yesterday afternoon and today’s pre market weakness.

Indecision and lofty price action, has this day trader cautious. The SPY continues to move higher on lower volume each day.

Why do we continue to drift to new record highs? It’s not the right question. As a matter of fact, it’s a question you shouldn’t even ask. It doesn’t matter.

Questions like why, show you are confused. stick to your trading plan and stop looking for reasons. If price action is confusing you, stay away until it matches your view.

CRM Earnings

fomc minutes Historically Favors Long Trade off Earnings-Driven After-Hours Gains and Declines (CRM) is due with its Q1 results in tonight’s after-hours trade, and analysts polled by Capital IQ expect the company to report a profit of $0.14 per share on revenue of $1.50 billion.

CRM is mixed in its trading pattern between the bells following its after-hours earnings reports, narrowing or reversing 20 times and widening 22 times in next-day trade following its last 42 extended-hours earnings reports.

Looking deeper into the performance data, CRM has recorded an earnings-driven after-hours decline in 21 of the 42 quarters MT Newswires has tracked, reversing direction in next-day trade in 12 of those events, or 57% of the time

Continue Reading…

Stocks to Trade |Wednesday May 20, 2015

Pete’s Notes:

  • FOMC minutes will cause a lot of traders to be cautious with size this afternoon. Be aware of the time if you are day trading.

Interesting Chart Lessons:

  • Looking for a trend day in UTX today. Multiple inside days a perfect set up

fomc minutes

Earnings in play today > 1M avg shares:  AEO, CRM, LOW, NTAP, SPLS, TGT, YOKU

Bullish Ideas ATR/Volume/Price: TSLA, YUM, HLF, CTRPVRX, SWKS, AET, IBM, MCS, GS, ESRX, UTX, UNH>122

Bearish Ideas ATR/Volume/Price: SLCA, WYNN, CLR, HES, APA, KSS, UA,

Weak Stock Weak Close: SLCA, ROVI, CLR, YHOO, ANF, WDC, STX, HAL, X, WMT

Strong Stock Weak Close: JBLU, AEM

Weak Stock Strong Close: ETSY

Strong Stock Strong Close: HLF, MCD, TTWO

20 day Breakdown: URBN, TSL, AEO, STX, WMT, BHP

20 Day Breakout: M, HCA, TTWO

2x Normal Volume: URBN, TTWO, VOD, YHOO, AEO, CSIQ, A, ADSK, HD, TJX

Watch List Longs: BAC>16.75, ABT, COF, USB, HON, INTU


Inside days: KSS

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bob curran Reply

pete, do i have a username and password for entry ,, thnx bob

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