SPY Breaks Support 12-11-15 | Stocks to Trade

 

SPY Breaks Support 12-11-15The simplest trades often produce the best ROI…

When stocks consolidate, or more specifically, trade inside the previous day, our game plan is to look for an expansion in volatility, but not call direction. We are looking for the inside day to break out, and give us a trend day.

The key to executing this trade for solid gains today is waiting for the stock to tip its hand on direction. If the stock has a clear trend, you would expect it to break out in that direction, but that is not the case with this trade setup.

You are literally changing strategies from trend trading to breakout trading. Look for an expansion from the inside day.

Today we have a large list of stocks that meet this criteria.

Stock Market Today: Map of the S&P 500

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SPY Breaks Support 12-11-15

Day Trading Game Plan: The SPY ETF Outlook

The $SPY continues to test 50 SMA support. Topping tails the last 3 days leads me to believe we are headed lower.

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SPY Breaks Support 12-11-15

 

Pete’s Notes:

  • Inside days rule.
  • Financials need the FED to find buyers, sad.
  • Oil headed lower.

AAPL Apple Inc. 

AAPL market cap is amazing but its market has changed. I am not saying the stock will collapse, but the days of amazing bull runs are over. just ask MSFT.

(click the chart for a full view)

SPY Breaks Support 12-11-15

 

SPY Breaks Support 12-11-15

SPY Breaks Support 12-11-15 | Stocks to Trade

Relative strength yesterday compared to the SPY negative change from the open: NEUTRAL CHANGE FROM THE OPEN

> 20sma | positive week | closed 2% higher from the open: AMBA, MYL, DAL, VRX, YELP, SCTY, ANTM, PXD

<20sma, negative last 5 days and closed 2% lower from the open: etp, epd, rrc, ftnt, mos, rax, lvs, ctrp

Bullish Ideas ATR/Volume/Price: LRCX, VLO, QUNR, COST, AVGO, BABA, FL, EL, HD, DLTR, GOOGL, AMZN

Bearish Ideas ATR/Volume/Price: etp, rrc, lvs, cf, lyb, wpz, gme, paa, nee, nee, slb, ua, abbv, utx, unp, xom, cof, cmi, mar, oke, dvn, hot, gild, oxy, cat, gs, apc, adi, lulu, cop, lng, car, wmb,

Weak Stock Weak Close: etp, epd, ed, rrc, ftnt, mos, rax, lvs

Strong Stock Weak Close: TEVA

Weak Stock Strong Close: clr, xpo, cnq, nbl, apa, nue, wmb, car, thc, cop, lulu

Strong Stock Strong Close: DAL

20 day Breakdown: etn, ftnt, gme, utx

20 Day Breakout: ABC, DAL, FL, KSS, TSN

2x Normal Volume: MW, KMI, FTI, BHI

Watch List Longs: KO, JNJ, HD, MCD, BMY, GE, COST, VLO, DAL, BRCM, INTC

Watch List Short: adm, slb, bby<30, xom, axp, cop, lvs, m, c, ntap, tol, akam,

Inside days: msft, aapl, fb, intc, yhoo, ko, jpm, kr, qcom, wmt, ms, luv, pg, v, aal, bp, gild, mur, mat, dis, met, mgm, sbux, jblu, nvda, twx, mdt, abt, axp, wynn, schw, gps, nov, hd, esrx, jci, cost, cfg, cvs, dfs, cbs, amzn, dg, urbn, low, gsk, nke, pwr, stt, mon, psx, jbl, ir, cof, rost, xlnx, etfc, wdc, gs, kors, mbly, azn, amtd, ua, skx, googl, len, uri

Sector Rotation

SPY Breaks Support 12-11-15

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