How to Trade Indecisive Markets 1-5-16 | Stocks to Trade

How to Trade Indecisive Markets 1-5-16Day trading for a living is back…

This means you need to have a definite plan. This means you need to avoid everything that does not match your plan. It’s tempting to believe you can trade every type of market, and every type of volatility, but the truth is, slow markets can bleed your trading account, if you don’t have discipline.

Indecisive markets means there isn’t a clear bias to who is in charge. The bulls and bears are flip-flopping price action from day-to-day and trying the patience of rookie traders. Experienced traders fall prey once in a while but we have learned the hard way that bored trades that don’t match our edge adds up to a big number over 12 months.

If you have a plan, follow it like everything matters. If you need one, watch these videos.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

How to Trade Indecisive Markets 1-5-16

Day Trading Game Plan: The SPY ETF Outlook

SPY price action shows a negative number yesterday but a fierce end of day rally closed near the high of the day. The $200 level is the line in the sand for me, whichever side the SPY trades on that will be where I am. This is a short-term view only, I do not see a long-term time-frame continuity at this moment.

(click the chart for a full view)

How to Trade Indecisive Markets 1-5-16

Pete’s Notes:

  • Patience key right now, as well as discipline.
  • Retail stocks seem to be showing signs of life.

Technical Analysis | Charts of Interest

COH Coach Inc.

Breakout trade long to buy.

COH showed solid relative strength yesterday and has room-to-go to the next profit target.

(click the chart for a full view)

How to Trade Indecisive Markets 1-5-16

 

How to Trade Indecisive Markets 1-5-16 | Stocks to Trade

> 20sma | positive the last 5 days | closed 2% higher from the open: LULU, PAA, RRC, KSS, GPRO, ETP, SCTY, EPD, OKE, CMI, WMB, DLTR, TGT, ROST, UNP, DG

< 20sma | negative last 5 days | closed 2% lower from the open: nsc, yelp, len, dd, mbly, ilmn, yhoo, amzn, fosl, tsla, jd, qunr

Bullish Ideas ATR/Volume/Price: SCTY, BXLT, FSLR, NEE, DLTR

Bearish Ideas ATR/Volume/Price: baba, mbly, nsc, gild, kmx, thc, amba, bidu, mmm, mar<65, psx<80, dis, hca<66, eog<69, prgo, ksu, ua<78, pxd, slb, cf, xom, hes, aapl, lyb, fl< 64, wdc, lng, apc, clr, swks

Weak Stock Weak Close: fosl, yhoo, mbly, len, abt, phm, nsc, cern, ctsh, infy, ftnt, kmx, psx, eog

Strong Stock Weak Close: WSH

Weak Stock Strong Close: gps, mos, bhi, kmi, m, oln, sm, swks, pot, gme, kate, kors, nxpi, aapl, cyh, ncr, cma, ms

Strong Stock Strong Close: SCTY, FSLR, MAT, COH, ANF, DLTR, ROST

20 day Breakdown: qunr, jd, fosl, amzn, baba, yhoo, len, ea, aal, cern, nsc, ctsh, gild, jpm, gpn, ual, sbux, axp, expe, ace, ma, acn, mmm, v, all, jnj, crm, psx, dis, cof, lly, eog, mdt, ups

20 Day Breakout: BXLT, EPD, KSS, LULU

2x Normal Volume: WSH, FOSL, BXLT, LEN, AMZN, LULU, CMA

Watch List Longs: MCD, GE, BRCM, T, KLAC

Watch List Short: abt, bk, jpm, axp, usb, wfc, all, dis, cof, slb, len, ual, intu, ntap, orcl, tol, akam, m

Inside days: nfx, lbtya, mplx

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