The stock market is offering plenty these days. How much are you grabbing?
If you’re finding it challenging to make money, it could be your game plan. More specifically, the type of trading game plan you create, and the stocks you scan for new trading ideas.
Focus will always yield results. You may be trying to do too much. Do you scan every stock on Wall St. or do you have a defined universe? Do you trade certain sectors over-and-over or do you trade anything with a news catalyst?
Do you have specific criteria for volatility and volume? You need to determine what your criteria is for the delicate balance between opportunity and risk.
Personally for my day trading I go with an average of 2 million shares traded and average true range of $1.5.
You can then filter that down further to certain sectors or the entire market. For example; oil and gas stocks that match that criteria. The point is to focus and learn those stocks until you are earning money with consistency. The stocks that match your criteria are your inventory. Learn to work your inventory. When you become consistent, then you can expand to a bigger inventory.
Trying to trade everything is difficult. Especially at the beginning of your trading experience.
Could that be boring?
Yeah-making consistent money is reeeeaaaal boring.
Stock Market Today: Map of the S&P 500
(click the map for a full view)
SPY technical pattern is perfect for a move higher. The problem I have with conviction in that idea is the volume is putrid and there is zero intra day consistency in that direction. The SPY continues to dance above or below the open price. The green candlestick close above the open is deceiving.
(click the chart for a full view)
- 74 millions shares traded in the SPY yesterday. Call me when the SPY opens for trading.
Charts in Focus
DOW | The Dow Chemical Company
Dow continues to peck away at $48, has nice room to go the next profit target in the $52.50 area.
(click the chart for a full view)
SNDK Earnings Today | Stocks to Trade 10-21-15
Earnings in play today > 1M avg shares: SNDK, TXN, LRCX, LVS, BA, BHI, BIIB, AXP, OC, URI, CCI, STJ, TMO, KMB, LL, CTXS, MDCO
Relative weakness to yesterday’s SPY positive change from the open:
> 20sma, positive week and closed 2% higher from the open: AAPL, CAT, CP, DOV, HOT, LRCX, MNST, OIL, QRVO, RRC, SLB
<20sma, negative last 5 days and closed 2% lower from the open: hog, hznp, nflx, vrx, tsla, wdc, lly, depo, wdc, mpc, endp, feye, mnk, scty, hfc, cemp, sjm, mbly, mck, amag, dri, srpt, akrx, lci, xon, mdco, hrtx
Bullish Ideas ATR/Volume/Price: SNDK, TRIP, NKE, ACE, TRV, CTRP, CRM, ADI, MCD, NEE, HD, ADBE, ESRX, CVS, EA, AMZN, GOOGL, FB,
Bearish Ideas ATR/Volume/Price: vrx, xon, endp, tsla, feye, scty, thc, stx, amba, vmw, mnk, xpo, mdvn, swks, hog, hca, myl, abc, biib, yum, teva. agn, abbv, dltr, cah, mbly, ibm, bhi, de, wdc,
Weak Stock Weak Close: hog, vrx, wdc, tsla, endp, mnk, xon, scty, mbly, mdvn, teva, agn, rax, myl, feye, bkd, abbv, yum
Strong Stock Weak Close: SNDK, GOOGL
Weak Stock Strong Close: cmi, etn, ksu, pcar
Strong Stock Strong Close: ZG, NFX, JNPR, JBL, CSCO, PLD, ACE, HIG, XEL, EIX,
20 day Breakdown: hog, hznp, ibm, stx, tsla, vrx
20 Day Breakout: DRE, HLX, LRCX, NLSN, TRV, UTX, WTW
2x Normal Volume: WTW, HOG, SYF, HZNP, VRX, SNDK, IBM, TSLA, HBI, YUM, FLEX, WDC, YOKU, LRCX, TXT, DRE, MU
Watch List Longs: GE, PM, MO, TRV, COST, KO, DIS, MCD, SBUX, HD, BK, CVS, SNDK, JNPR, DOW, DAL, HD, LUV, ADBE
Watch List Short: wmt, kss, tgt, ms, bhi, m, ebay
Inside days: nflx, orcl, wmt, kr, kmi, qcom, cvx, yoku, atvi, wmb, lvs, nke, twx, m, low, ppl, bhi, hd, bidu, gs, adsk, ma, hrb, rost, dltr, urbn, trip, hcn, caiq, cern
SNDK Earnings Report Today
SanDisk (SNDK) to Report Q3 Earnings: What’s in Store?
SanDisk Corp. (SNDK – Analyst Report) is set to report third-quarter fiscal 2015 results on Oct 21. Last quarter, the company posted a positive earnings surprise of 175%. Let us see how things are shaping up for this announcement.
Factors This Past Quarter
SanDisk posted better-than-expected second-quarter 2015 results with both the top and bottom lines surpassing the Zacks Consensus Estimate. Retails channels and enterprise products were positive in the quarter. However, year-over-year comparisons on both counts were unfavorable, primarily due to competitive pricing pressure and unfavorable product mix.
Recently, SanDisk and tech giant Hewlett-Packard agreed to collaborate to offer new storage solutions for computers and other devices. The partnership is aimed at catering to the growing demand for personal storage.
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