Modest gains yesterday but why did it feel like we closed lower?
Three days of indecision were expected coming into the week, but there are plenty of opportunities if you do a good job, crafting your game plan.
Jobless claims in focus today-hopefully we get some broad market direction so we can hold a trade for more than an hour…
Don’t force trades if you can’t find anything obvious. Preserve capital until your trading plan matches the price action.
Stock Market Indecision: Map of the S&P 500
Day Trading Game Plan: The SPY
SPY doji making it challenging.
Stocks to Trade |Thursday June 4, 2015
- A lot of stocks triggered set ups today. Pull backs for strong stocks mostly.
- Big list of inside days today.
Interesting Chart Lessons:
- UA almost a month of consolidating, 4 tight days recently, looking for a trend day.
Earnings in play today > 1M avg shares: pay
Bullish Ideas ATR/Volume/Price: YOKU, HLF, GPRO, NFLX, FEYE, GILD, LRCX>84, TSLA, AET, SWKS, GS, AMZN, YUM
Bearish Ideas ATR/Volume/Price: unp, nsc, aal, rrc, kors, gmcr
Weak Stock Weak Close: chk, fcx, mu
Strong Stock Weak Close: FSL, CTRP, SWKS
Weak Stock Strong Close: cenx, qihu, swft
Strong Stock Strong Close: AIG, ASNA, NUAN, OPK, CFG,
20 day Breakdown: bax, duk, lng,
20 Day Breakout: AMTD, FB, C, M, RCL, PRU, AIG, NUE, ZION
2x Normal Volume: WEN, NUAN, ASNA, HIG, URBN, CIEN, ZION
Watch List Longs: AET, PRU, ABT, SBUX, JPM, COF, PNC, MS, WFC, M, ADBE, INTU, EBAY, DOW, T,
Watch List Short: chk, swn, kss, wmt, xom, cost, trv, mo, luv, ntap, ual, glw, klac
Inside days: hpq, luv, cog, bmy, sbux, yoku, cop, apc, ctrp, oxy, slb, unh, cag, ctsh, mxim, rrc, lrcx, amgn, scty, ua, cree
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