Retail Sales in Focus Today | Trading Game Plan June 11

Wall Street poised for wobbly open ahead of retail sales

Wall Street looks set to hold back from continuing the previous day’s rally, with U.S. stock futures muted as investors stay cautious ahead of a closely watched report on retail sales.

Futures for the Dow Jones Industrial Average YMM5, +0.01%  slipped 4 points to 18,014, while those for the S&P 500 index ESM5, -0.07%  fell 1.40 points to 2,105.50. Futures for the Nasdaq 100 index NQM5, +0.02%  were flat at 4,488.75.

On Wednesday, the S&P 500 index SPX, +1.20%  and Dow industrials DJIA, +1.33%  posted their biggest one-day gains in more than a month, both up more than 1%. Analysts attributed the rally to a weaker dollar and fresh hopes that Greece’s lenders will release more bailout cash.

Continue Reading on marketwatch.com

US stocks to take cue from retail sales data

U.S. stock index futures were a touch higher on Thursday, pointing to a positive open on Wall Street ahead of this week’s most closely-anticipated economic number: May retail sales.

Economists polled by Reuters forecast retail sales rose 1.1 percent month-on-month and 0.7 percent excluding autos. That compares with no increase in retail sales in April and a rise of just 0.1 percent excluding autos.

Continue reading on CNBC.com

June 11 Stock Market Today: Map of the S&P 500

retail sales in focus

Day Trading Game Plan: The SPY

Nice follow-through on the SPY-and most of the stock market averages- excellent flow to price action the last few days.

retail sales in focus

Stocks to Trade |Thursday June 11, 2015

Pete’s Notes:

  • the last 2 days have played out very well from a tape reading perspective, very nice back and forth flow from day to day.
  • Financial stocks strong, buying making its way down to cheaper stocks like BAC

Interesting Chart Lessons:

GILD very clean breakout on multiple time frames

retail sales in focus

Earnings in play today > 1M avg shares:

Bullish Ideas ATR/Volume/Price: YOKU, SINA, FEYE, NFLX, GILD, SWKS, GS, PRU>91.50, YUM

Bearish Ideas ATR/Volume/Price: kors, aal, gmcr, rrc, scty, nsc, unp, amt

Weak Stock Weak Close: rrc, swn, chk, urbn,

Strong Stock Weak Close: CYBR, LULU

Weak Stock Strong Close: etsy, dal, mo, bax, intc, wy,

Strong Stock Strong Close: SINA, CTRP, CIEN, LLY, NFLX, GILD, SWKS, ADI, HCA, BAC, SBUX, NUAN, GS, PNC, C, MET, TASR, AIG, COF, MS, CTSH>65, YUM, MA, NKE

20 day Breakdown: hrb, nem, rrc, unp

20 Day Breakout: LLY, NFLX, ZION, JCI, TASR, PRU, ANF, AIG, COF, IWM, XLF

2x Normal Volume: nem, jci, nflx, lly, rrc, bax, hrb, lulu, cag, luv, cpn

Watch List Longs: AET, BAC, SBUX, PNC, MET, COF, JPM, MS, WFC, C, INTU, EBAY, JNPR, DOW

Watch List Short: kss, swn, chk, bby, wmt, mo, cost. trv, amgn, ko, aa, nem, dd<69, klac, ntap, qcom,

Inside days: t, luv, mu, twtr, jd, cops, gps, lvs, bby, tmus, eog, bbby, lnkd


trading planComplete your trading plan in 7 days or less.

 

The Trading Plan Formula.

2.8 Hours of new video training…

Trade with consistency because you have a strategy that matches your goals and resources.

Watch the new 28 minute training video to learn how to get the The Trading Plan Formula for FREE along with a 30 day trial to the pre market Game Plan Meetings.

click here to get started

About the Author

Leave a Reply 0 comments

Leave a Reply: