Jobless Claims 11-18-15 | Fed Minutes | Stocks to Trade

Jobless Claims 11-18-15Too many traders in the coaching program are getting antsy when the market is slow.

I understand why, but to achieve massive trading success requires patience. Patience to be in cash and patience to hold big trades.

Lack of patience, when the market is slow or indecisive, means you are trading for action and not ROI. Never put your capital in harm’s way for any reason other than great trading ideas, that match your trading strategy that you expect to earn money.

Notice I said expect to make money, not hope to make money. Trade your edge or don’t trade

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Jobless Claims 11-18-15

Day Trading Game Plan: The SPY ETF Outlook

SPY stuck in the middle of the last 5 weeks price action. Day trading mode. Interesting to note we are now 4 days into a gap lower without filling the gap.

(click the chart for a full view)

Jobless Claims 11-18-15

Pete’s Notes:

  • Quite a few more stocks with short-sell patterns than longs.
  • Casino stocks on the ledge. Will support hold or will LVS, WYNN fall off a cliff?
  • No edge in the SPY.

Charts in Focus

ATVI Activision Blizzard Inc.

Solid breakout in ATVI with room to go. 52 week highs above $38.

(click the chart for a full view)

Jobless Claims 11-18-15

Jobless Claims 11-18-15

Jobless Claims 11-18-15 | Fed Minutes | Stocks to Trade

Relative strength yesterday compared to the SPY negative change from the open: MDVN, AMBA, VRTX, GRUB, MBLY, PBF, FL, SWKS, HCA, EA, ATVI, DKS, URBN, NFLX

> 20sma, positive week and closed 2% higher from the open: VRTX, PBF, ATVI, NFLX

<20sma, negative last 5 days and closed 2% lower from the open: gmcr, scty, csiq, qunr, ua, dyn, aem, oke, vrx, anf, feye, eax, gpro, wynn, mos, duk, adm, kate, lulu, bx, m, expe, fit

Bullish Ideas ATR/Volume/Price: NFLX, HD, VRTX, WTW, COST, FB, ADBE, NFX, ADSK, VLO, LRCX, DIS, PSX, TSO, GOOGL, AMZN,

Bearish Ideas ATR/Volume/Price: gmcr, dks, scty, ua, vrx, feye, wynn, lulu, apc, m, lvs, cmi, stx, de, akam, esrx, etp, nxpi, skx, jwn, tsla, fit, ibm, cyh, bhi, cvs, car, fl, wmb, tgt, rost, wdc, dg

Weak Stock Weak Close: gmcr, scty, csiq, ua, aem, ua, aem, oke, vrx, feye, gpro, wynn, mos, duk, kmi, adm, lulu, dsw, m, fit

Strong Stock Weak Close: CTRP

Weak Stock Strong Close: amba, dks, fl, grub, mbly, mdvn, swks, urbn

Strong Stock Strong Close: NFLX, PBF, VRTX, ATVI, MAT, WY

20 day Breakdown: bby, ctsh, duk, gmcr, hlt, infy, m, ua

20 Day Breakout: HD, MAT, NFLX, SBH, WMT

2x Normal Volume: GE, SYF, GNC, URBN, DKS, MAT, SYMC, TJX, UA, LOW, FIT, MAR, A, HOT, IP, SBH, GMCR,

Watch List Longs: VLO, PRU, DIS, WFC, GE, COST, HD, KLAC, DD, ADBE,

Watch List Short: adm, bby, cvs, axp, bhi, tgt, m, akam, wynn, ntap, csco, lvs, nue

Inside days: hal, xom, wfm, apc, cog, slb, rrc, fox, dvn, nbl, bhi, lng, yoku, bbby, bidu, biib, hcn

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