Jobless Claims in Focus | Game Plan | June 4

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

jobless claims in focus

Day Trading Game Plan: The SPY

SPY doji making it challenging.

spy doji

Stocks to Trade |Thursday June 4, 2015

Pete’s Notes:

  • 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.

jobless claims in focus

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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