Retail Stocks Showing Bearish Order Flow 12-4-18

dollar-general-earnings

DG-Dollar General Earnings Report

Q3 Earnings Preview For Dollar General

Wall Street analysts see Dollar General reporting earnings of $1.26 per share on sales of $6.38 billion.

Dollar General EPS in the same period a year ago totaled 98 cents. Sales were $5.9 billion. The Wall Street estimate would represent a 28.57 percent increase in the company’s earnings.

Sales would be up 8.06 percent from the same quarter last year.

benzinga.com/earnings-outlook-for-dollar-general-corporation

Dollar General (DG) Q3 Earnings Likely to Rise: Here’s Why
zacks.com/stock/dollar-general-dg-q3-earnings

Today's Trade of the Day | 12-4-18

Retail/consumer stocks such as TGT, JWN, ROST, ATVI, EA, KSS showing vicious bearish order flow. Volume continues to be heavy in declines. Until I see accumulation my bias continues as a seller. 

EA Electronic Arts 12-4-48

EA Electronic Arts 12-4-48

Stock Trading Ideas Tuesday 12-4-18

Bullish Cash Flow: AMD, EL, DKS, NRG, ETRN, CAH, WDAY

Bearish Cash Flow: disca, atvi, hfc, ttwo, amrn, pvtl, unm, ea, aa

Bullish Breakouts: AMD, WYNN, EL, LVS, W, ETSY, DE, MA, NKE, A, LRCX, WDAY, UNP, MXIM, UNH, ACN, MDT, WBA, BAX

Bearish Breakouts: disca, atvi, gis

Double Average Volume: TSRO, ATVI, AET, CLVS, TTWO, CF, FANG, CLR, EL, DE

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF stalled at resistance, not shocking with such a powerful gap and a multi-day move. Yesterday's call was spot on int hat we expected zero follow through. Looking for profit taking but the next pause will absolutely set the tone for the remainder of 2018. 

A pause on light volume implies a rally into the end of the year. A heavy volume pause implies we remain stuck in the giant trading range that is 2018.

Stock specific trading ideas continue to offer the best opportunities. But the longer price action stays in this area without a significant decline, we could see a nice bullish run to end December.

SPY ETF Chart 12-4-18

SPY ETF Chart 12-4-18

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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