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 salesforce.com Earnings
Salesforce.com Historically Favors Long Trade off Earnings-Driven After-Hours Gains and Declines
Salesforce.com (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
Stocks to Trade |Wednesday May 20, 2015
- 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
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
Watch List Short: WYNN, LVS, MGM, AMAT, AA, WMT, DD, KSS, SUN, HAL, COP, CHK, CVX,
Inside days: KSS
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