Last Trading Day of 2015 | Stocks to Trade

Last Trading Day of 2015 | Stocks to TradeYesterday I received an email from a day trader that basically said, “Everything I did today was according to my plan, but then I got short, it ran in my face, I got long and it went down, and I didn’t make money.”

That’s a trader who’s struggling with one of two things.  They’re either struggling with their strategy or their conviction to follow through on the strategy.

So, assuming you have a trading strategy, then it’s a question of believing that your strategy works over time. To think like a winning trader, you have to believe, it’s imperative to believe in your edge over time. Not on a trade-by-trade basis. To get the results, to get the desired goal that you have, you have to judge your results over time.

When you prove you can generate revenue, those small trading losses become nothing more than business expenses.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Last Trading Day of 2015

Day Trading Game Plan: The SPY ETF Outlook

SPY price action set for another gap this morning (7am) near the 20 ema support on the daily chart. extremely light volume again yesterday.

(click the chart for a full view)

Last Trading Day of 2015

Pete’s Notes:

  • Much lighter volume trading this week than I expected.
  • The bond market closes early today, full day for the stock market.
  • Be careful getting stuck in a trade today, volume can dry up quickly after 11:30am.

Technical Analysis | Charts of Interest

WMT Walmart

LONG (BUY) TRADE

Walmart finally broke above the 6 week trading range we are tracking. The stock needs to stay above $61 for the long to be valid. I love the room-to-go up to $66.61.

(click the chart for a full view)

Last Trading Day of 2015

BHI Baker Hughes Incorporated

SHORT-SALE TRADE: $43.24 profit target.

Last Trading Day of 2015

Last Trading Day of 2015 | Stocks to Trade

> 20sma | positive the last 5 days | closed 2% higher from the open: MNK, WTW

< 20sma | negative last 5 days | closed 2% lower from the open: cyh, thc, cf, save, ual, luv

Bullish Ideas ATR/Volume/Price: SCTY, FSLR, TSLA, AGN, COST, ADBE, AVGO, TRIP, GOOGL, AMGN>165, AMZN, PNC>97, FB $108 target, ACE, RLYP>30

Bearish Ideas ATR/Volume/Price: thc, dvn, cf, clr, apc, cop, mbly, wmb, lng, bhi, ua, aapl, jwn<49.34, mar, prgo, nsc, dis, eog, kmx

Weak Stock Weak Close: rrc, cyh, thc, cf, rax, mbly

Strong Stock Weak Close: DAL, XK, CCI, TER, INTC, MSFT

Weak Stock Strong Close: eog, fti, pxd

Strong Stock Strong Close: SCTY, FSLR

20 day Breakdown: ctrp, fox, hfc, sm

20 Day Breakout: CAG, TEVA, BRCM, D, STX, WMT, VTR, ABC, RAI, TSLA, ABBV

2x Normal Volume: WTW, KBE, IEFA

Watch List Longs: MCD, GE, BMY, MO, PM>89, KO, AMGN>165, COST, TRV >116, ADBE, MSFT, INTC

Watch List Short: bhi, hal, cop, slb, dis, ntap, tol, m, akam, orcl,

Inside days: ge, aapl, msft, pfe, csco, mrk, gild, gm, ebay, bx, pg, unp, amzn, utx, atvi, cvc, kss, mcd, myl, pep, bxlt, wba, dd, tgt, nue, pwr, csiq, mxim, amgn, googl, vmw, dsw, dltr, ge

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