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.
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.
June 11 Stock Market Today: Map of the S&P 500
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.
Stocks to Trade |Thursday June 11, 2015
- 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
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
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