Non-Farm Payrolls Report 11-6-15 | Stocks to Trade

Non-Farm Payrolls Report 11-6-15What if you had too many good day trading ideas?

Sounds like a good problem right? It actually points to a trading plan problem. It means you believe you have enough resources, time, experience and capital to trade every opportunity in front of you. Hedge funds don’t. Neither should we.

The problem with too many good ideas means you have no criteria to filter those trade ideas.  You need to decide on volatility. You need to decide on price and liquidity. You need to determine “long or short today?” Long only?

Focus means everything. The more you can narrow down the correct stocks that match your unique situation, the better the position you will be in to make big money. I promise.

If you need some help, join us in the Live Trading Room.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Non-Farm Payrolls Report 11-6-15

Day Trading Game Plan: The SPY ETF Outlook

SPY posted another sub-100million share day. Light volume and a doji candlestick gave us no clues for today. I still believe the SPY will trade down to $206 before we see $212.

(click the chart for a full view)

Non-Farm Payrolls Report 11-6-15

Pete’s Notes:

  • Multiple agricultural chemical stocks showing a short-sale today. (CF, POT, MON, MOS)
  • Financials still have my interest.
  • Basic materials in the tracking journal, looking for a new long.
  • Casino stocks have shifted to a long trade. Needs to clear recent levels but plenty of room to go to the upside.

Charts in Focus

SBUX Starbucks Corporation

SBUX recently hit fresh 52 week high. Today we are looking at a tight, inside day. The trade is to plan for an increase in volatility, but not call direction. This means we should get a solid trend day to make money but we are shifting strategies from a long to a break out play.

(click the chart for a full view)

Non-Farm Payrolls Report 11-6-15


Non-Farm Payrolls Report 11-6-15


Non-Farm Payrolls Report 11-6-15 | Stocks to Trade

Earnings in play today > 1M avg shares: CI, HUM, HZNP

Relative strength to yesterday’s SPY negative change from the open: CHANGE FROM THE CLOSE NEUTRAL

> 20sma, positive week and closed 2% higher from the open: ADSK, CLR, HES, CNQ, DVN, RRC, MUR, XPO, YELP, URI

<20sma, negative last 5 days and closed 2% lower from the open: qcom, vrx, feye, kmi, endp, twtr, tdc, cf, bhi, viab, gpro, mos, skx, aem, lng, car, dyn, qunr, mnk, mdvn, terp

Bullish Ideas ATR/Volume/Price: ADSK, CTRP, FB, AMZN, CAH, MPC, RCL, VLO, V, NKE, TSO, GOOGL, ACE, BIDU, PNC, MCD, PSX, HD, KLAC, ESRX, MA, BABA>85, OXY, BA>148.50, DHR, ACN, NFLX, ADBE, XOM

Bearish Ideas ATR/Volume/Price: feye, qcom, endp, vrx, cf, mbly, car, lng, etp, amba, twx, bhi, skx, gpro, wmb, thc, ibm, vmw, unp, akam, de, scty, cmi, hca,

Weak Stock Weak Close: feye, qcom, endp, vrx, tdc, cf, mbly, car, lng, amba, kmi, bhi, skx, gpro, mos, pot

Strong Stock Weak Close: MCHP, PYPL

Weak Stock Strong Close: cyh, dsw, nrf, pwr, wfm

Strong Stock Strong Close: ADKS, ANF, FAST, CCL, AIG, KIM, JBLU, ZION

20 day Breakdown: bhi, car, cf, feye, nem, paa, qcom, tdc, twx, vrx,

20 Day Breakout: ADSK, CFG, HES, KATE, SWFT

2x Normal Volume: FEYE, VRX, QCOM, TDC, SFM, ENDP, KATE, WFM, ADSK, TWX, CF, SYF, SWFT, ETP, BHI, GE, HES, BKD, FB, PGR

Watch List Longs: TRV, VLO, MCD, DIS, JNJ, BK, XOM, JPM, GE, PM, SBUX, WFC, COST, HD, HON, TJX, PNC, NTAP, DD, TXN, HD, LUV, EBAY, MSFT, MGM,

Watch List Short: bhi, wmt, bby, axp, adm, akam, qcom, tol, len

Inside days: dis, c, vz, ko, sbux, kors, fox, cog, mgm, cvs, cern, bmy, m, gps, apc, psx, kss, ir, aet, cl, tsn, pm, cmi, wynn, hog, wm, nue, gmcr

Nonfarm Payrolls: Can it confirm a December rate hike?

FED’s October surprise

The US Federal Reserve rocked the financial world with its October´s hawkish stance, opening the doors for a December rate hike after holding pat in September.

Still, there are no guarantees the FED will act before the year end, and regardless market’s beliefs, the Nonfarm Payroll report can be a double edge knife, with more chances of denying the move than confirming it. And here is why: ever since the US Central Bank announced it will retrieve quantitative easing, and therefore start tightening its policy at some point, employment has been the less of their worries.

US job creation has averaged almost 200K per month thus far in 2015, below the 260K averaged in 2014, but much stronger than the historical average of 122K computed ever since the statistics began in 1939.

The unemployment rate, which stands at 5.1% according to the latest reading, is well below the historical average of 5.83% and better than the FED minimum comfort level.

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