U.S. stocks end flat as modest gains evaporate
U.S. stocks ended Tuesday’s choppy session virtually unchanged, after the main indexes gave up earlier modest gains.
Recent weakness in stocks had been triggered by rising interest rates as well as expectations that the Federal Reserve will hike interest rates sooner rather than later in light of upbeat economic data.
U.S. Treasurys sold off, sending the yield on a 10-year note up 4 basis points to 2.43%. European government bonds also saw yields rise.
The S&P 500 SPX, +0.04% closed up less than a point at 2,080.15. The Dow Jones Industrial Average DJIA, -0.01% finished the day flat at 17,764.04. The Nasdaq Composite COMP, -0.15% lost 7.8 points, or 0.2%, to 5,013.87.
June 10 Stock Market Today: Map of the S&P 500
Day Trading Game Plan: The SPY
SPY gave us the lower open and found buyers as we expected in yesterday’s game plan. Ended the day as a doji candlestick so another day of indecision here.
Stocks to Trade |Wednesday June 10, 2015
Pete’s Notes:
- Airline stocks reversal day on double normal volume
- NFLX explodes on potential stock split and other news
Interesting Chart Lessons:
LLY trading very well off the charts prior to getting a new catalyst.
Earnings in play today > 1M avg shares:
Bullish Ideas ATR/Volume/Price: YOKU, FEYE, NFLX, TWC, GILD, TSLA, GS, LULU
Bearish Ideas ATR/Volume/Price: kss, aal, gmcr, scty, nsc, unp, mon, wdc, amt,
Weak Stock Weak Close: scty, nov, mu
Strong Stock Weak Close: TMUS
Weak Stock Strong Close: etsy, kors, ual, dal, wfm
Strong Stock Strong Close: LLY, NFLX, MBLY, LULU
20 day Breakdown: bx, nem, mu,
20 Day Breakout: HRB, LLY, LULU
2x Normal Volume: lulu, luv, hrb, tmus, dal, lly, jblu, ual, cl, nem
Watch List Longs: TWC, AET, BAC, PNC, MS, COF, JPM, M>70, EBAY, INTU
Watch List Short: kss, bby<33.50, wmt, mo, cvx<100, pm, trv, jnj<98, all, wynn, aa, dd, ntap, klac, glw, sndk, qcom
Inside days: vz, hlt, hal, nvda, slb, x, dow, axp, twx, ntap, eftc, qihu, gmcr, adm, tsla, sina, cien, ddd, cam, cree
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