Macy’s Earnings | Trading Game Plan | May 13, 2015

Macy’s Earnings, Cisco Systems and Greece should give us some volatility today…

Most of the major retailers are in new, confirmed down trends. Macy’s had an increase in volume yesterday as it filled the gap.

Should we Game Plan for follow-through today, and get it, we can expect to swing trade and day trade, the sector short for the coming weeks.

Macy’s Earnings Preview:

Macy’s Earnings To Hit Low End Of Cycle?

Macy’s, Inc. (NYSE: M) is scheduled to announce first quarter financial results on Wednesday morning. A look at crowdsourced site Estimize provides a clear idea of what to expect.

What To Expect From Macy’s Earnings

NEW YORK (TheStreet) — Shares of Macy’s Inc (MGet Report) are down 0.98% to $65.38 in midday trading Tuesday, one day ahead of the department store’s first quarter earnings release before the opening bell on Wednesday.

CSCO Cisco Systems Earnings Preview:

What to expect from CSCO Earnings.

Cisco Systems Inc. (NASDAQ: CSCO) is scheduled to release its most recent quarterly financial results Wednesday after the markets close. Thomson Reuters has consensus estimates of $0.53 in earnings per share (EPS) on $12.07 billion in revenue. In the same quarter of the previous year, Cisco reported EPS of $0.51 and revenue of $11.54 billion.

John Chambers, CEO of Cisco for 20 years, recently announced that there would be a changing of the guard. Chuck Robbins will take over the position at the helm of the world’s largest networking equipment company.

Stocks to Trade | Wednesday May 13, 2015

Pete’s Notes:

  • When Macy’s earnings is one of the highlights for the day, you know we are in a tough tape.
  • SPY filled the gap yesterday to $209.38 and closed in the upper half of the range but today’s first hour will tell us what to expect for the coming weeks.
  • Essentially we are in the middle of the last 3 week’s price action. No bias and very little reason to be aggressive.
  • There are plenty of stock specific ideas, a key to success in this tape is avoiding any trade ideas NOT in your morning game plan.
  • Don’t go looking for new day trading ideas at 10:15. The idea is a good scenario before the market opens, or it isn’t.
  • The major stock market averages closed higher than their open, but take a look at the S&P500, not exactly bullish.

macy's earnings

Interesting Chart Lessons:

  • SNDK multi-week consolidation set for an expansion in volatility

Earnings in play today > 1M avg shares: AEG, ARMK, ASTI, CSCO, CTRP, M, PCP, TSEM, VIP

Bullish Ideas Volume Price ATR: TASR, NFLX, TSLA, RRC, CSIQ, SCTY, VRX, MA, GS

Bearish Ideas Volume Price ATR: AKRX, BIDU, ENDP, US, FSLR, FB<77

Weak Stock Weak Close: HTZ, MU

Strong Stock Weak Close: SUNE

Weak Stock Strong Close:

Strong Stock Strong Close: AEM, CTRP, DHR, TASR,

20 day Breakdown: CNP, GPS, HTZ, VIPS, XRX, MGM

20 Day Breakout: AKS, DHR, IDTI, KRE

2x Normal Volume: VIPS, DHR, GPS, SUNE, DTV,

Core Watch List Longs: SWN, PRU, JPM, AET, MSFT, INTU, BRCM, ALTR

Core Watch List Short: WYNN, AMAT, SNDK, KLAC, ALL, AMGN, COST, TRV, GLW

Inside days: PRU, ROSE, BBRY, DNR, GRPN, AES, YELP, DAL, SCHW, MCP, WFT, BMY, WFM, BRCD, Z, CSIQ


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