JPM Earnings Today | Stocks to Trade 10-13-15

The stock market, and specifically the financials, are looking for a catalyst.

With JPM earnings today after the close and a two day pause in the general market, we are setting up nicely for a couple of trend days. Yesterday was one of the lightest volume trading days of the year.

Light volume and consolidation leads to good trading opportunities. Conserve your buying power for these days and you will be in position to net money month-after-month.

JPM leads bank parade: Analyst

Stock Market Today: Map of the S&P 500

(click the map for a full view)

JPM Earnings Today | Stocks to Trade 10-13-15

Day Trading Game Plan: The SPY ETF Outlook

The SPY two day, two doji pause is constructive price action for a move higher to test the $205 level. A lower open this morning does not change the price/volume pattern. There is a chance we could test $200 before the SPY trades higher but I don’t see why on the charts.

(click the chart for a full view)

JPM Earnings Today

Pete’s Notes:

  • More stocks setting up as a long today than short.
  • Consumer type stocks rising this week; HD, LOW, MCD, KO, SBUX, MO
  • Airlines all strong yesterday

Charts in Focus

Macy’s M

Macy’s consolidation after a powerful move lower sets up a terrific sell-short with almost $8 room to go.

(click the chart for a full view)

m


JPM Earnings Today | Stocks to Trade 10-13-15


JPM Earnings Today | Stocks to Trade 10-13-15

Earnings in play today > 1M avg shares: ASML, CSX, FAST, INTC, JNJ, JPM, KMI, LLTC

Relative weakness to yesterday’s SPY positive change from the open:

> 20sma, positive week and closed 2% higher from the open: ANTM, CERN, RSPP, ROST, EA, FE, ATVI, UNH, BMY, UAL, JBLU, LUV, DAL, AAL

<20sma, negative last 5 days and closed 2% lower from the open: tdc, kots, swft, anf, ben, lng, thc, feye, biib, p, tsla, gpro, vmw

Bullish Ideas ATR/Volume/Price: ZG, NFLX, NKE, LYB, TSO, CRM, ACN, UPS, DLPH, UA, AMT, MCD, MA, HD, TRV, PSX, AMZN, GOOGL, DHR, VLO, CAM, HON, RCL

Bearish Ideas ATR/Volume/Price: vrx, thc, mnk, xon, feye, biib, wpz, endp, tsla, qrvo, yum, gpro, myl, amba, abc, avgo, swks, gmcr, gild, agn, teva, abbv, mjn, rrc, cah, dltr, lulu, lng, dg

Weak Stock Weak Close: thc, feye, biib, mos, tsla, gpro, vmw, gmcr, yelp, rrc, kors, lng, ben

Strong Stock Weak Close: NFX, LYB, TS, CTSH,

Weak Stock Strong Close: cah, dg, ebay, mrk, pypl, qrvo

Strong Stock Strong Close: RSPP, NAT, ATVI, LUV, JBLU, DAL, UNH

20 day Breakdown: biib, tsla, vmw

20 Day Breakout: BABA, DAL, JNJ, LUV, SBUX, V, DIS, PEP, ADSK, CVS, HD, LOW, NKE, CRM, MA, TJX, PM, DHR, DUK, BA, D, PPG, NEE, UPS, INTU, EIX, DLPH, TRV

2x Normal Volume: VMW, LLY, BMR, INFY, NYRT, L

Watch List Longs: GE, KO, MO, COST, PM, SBUX, MCD, HD, TRV, VLO, TJX, HON, DIS, JNPR, INTC, CSCO, LOW, LUV, HD, DAL,

Watch List Short: kss, abt, mrk, m, ebay

Inside days: intc, t, orcl, xom, vz, jd, ms, qcom, tsm, abbv, wmt, mdt, usb, mon, jnpr, mcd, vlo, utx, gs, bk, feye, avgo, adm, aet, dltr, teva, nfx, axp, psx, etfc, tso

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