SNAP-Snap Inc News | Snap Chat | Stocks to Trade 5-4-17

SNAP Inc Snapchat

SNAP Inc Snapchat

Snap will be a serious competitor to Facebook and Google, says investor

Snap will join the ranks of Facebook and Google in importance in the eyes of “serious advertisers,” Bill Ford, CEO of General Atlantic, told CNBC on Wednesday.

In his first TV interview ever, Ford — whose private equity firm has $19.6 billion under management — told “Squawk Alley” that if Snap continues to grow its user base at its current rate the company will soon be on the same playing field as Google and Facebook. (General Atlantic has ownership stakes in Snap, Uber and Airbnb, among others.)

www.cnbc.com

Snapchat Keeps Unique Daily Audience Against Instagram Challenge

Snap Inc., the newly public corporate parent of Snapchat, makes its money by telling advertisers that it has a base of young, obsessed users who can’t be reached as easily anywhere else.

That claim has met more skepticism lately as Facebook Inc.’s applications rush to copy Snapchat’s most popular feature — a tool called stories that allows people to upload video snippets of their day, which disappear after 24 hours. The feature has been most popular on Facebook’s Instagram, where it’s used by 200 million people daily, more than Snapchat’s entire app.

www.bloomberg.com

App Annie: Snap Beats Facebook on Unique Users (SNAP, FB)

According to new research from App Annie, the app analytics and data analysis firm, many people assume users of the leading social media and messaging apps are on all of them, but it’s not the case for Snapchat.

www.investopedia.com

$SNAP SnapChat Chart 5-4-17

$SNAP SnapChat Chart 5-4-17

How Successful Traders Think

Download this free 19 page e-book today and join me as I review an email from a struggling trader and give some advice on how to get back on track.

On the Tape Today | 5-4-17

$RH 5-4-17

$RH 5-4-17

RH has doubled in price and continues to show no signs of stopping. A fuel candlestick after a series of melted candlesticks triggers a new long. If the stock gapes higher on the open, wait for a pause, don't get caught buying from yesterday's momentum longs. Looking to slowly build a new swing trade with ultimate target @ $64.

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SPY ETF Chart 5-4-17

SPY ETF Chart 5-4-17

Tape Reading the SPY ETF

$SPY holding the bullish gap for six days now.

The big picture says expect another leg higher, but to be honest, I am neutral. I’m shifting strategies and not looking “long only.” The longer the stock market trades sideways, the more I am simply looking for an increase in volatility, but not calling direction.

I learned this strategy shift from Linda Bradford Rashke years ago. Basically you are looking for a trend day, but not making a directional call. The market will always shift from periods of consolidation, to bursts of momentum, and if we’re lucky, order flow. Once order flow becomes obvious, we can get aggressive in our decision making.

Today I am neutral, but open to a trend day on either side. Here’s the catch though, I am still bullish long-term. You have to be, what evidence do you have for a short sale?

Side Note: Airline stocks have perked up recently. Nice follow through in our call on SLCA yesterday.

Stock Market Today: Heatmap of the S&P 500

SP 500 Heatmap 5-4-17

SP 500 Heatmap 5-4-17

Stocks to Trade 5-4-17 | Thursday Edition

Short-Term Momentum

Bullish Momentum: STI, GRUB, JWN, WDC, RH, DLPH, FSLR

Bearish Momentum: akam, viab, slca, aa, dish, cbs, sm, x, dis, dvn

Long-Term Order Flow

Bullish Order Flow: RH, WDC, SWKS, COST, STT, WYNN, DLTR, EXPE, HD, CAT, AET, BA, HON, ADSK, UNP, AVGO, AAPL, NFLX, AMZN, FB, UNH, BABA, TSLA

Bearish Order Flow: apc, slca, x, lyb, dfs, hog, hal, slb, oxy, pxd, clr 

2X Normal Volume: TWLO, APC, FSLR, AKAM, SYF, VIAB, DLPH, DIS, SM, CBS, SLCA, DFS

Inside Days: pfe, mu, nvda, cvs, oxy, mo, amat, ms, dhi, v, jblu, csx, luv, unh, azn, crm, ccl, bbby, gsk, kmx, intu

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