Financial stocks and AAPL, are stocks in play today.
The bears could make a case for a topping pattern but there isn’t enough time, or significant price action to support the claim. The biggest argument you can make for the short-side right now is the fact that we closed below the weekly trend line.
By Julia Love:
June 8 (Reuters) – Apple is expected to unveil a new music service and better tools to build apps for its smartwatch at its annual gathering of developers in San Francisco on Monday.
The tech giant’s legion of independent developers will get a preview of a new software kit for the two-month-old Apple Watch at the Worldwide Developers Conference, Jeff Williams, Apple’s senior vice president of operations, said at a recent tech event.
Like other Apple products, the watch’s commercial success will likely hinge on a compelling collection of apps. But early apps for the timepiece have been tethered to the iPhone, placing some limits on what developers could do.
SPY Doji at the 50 SMA: Map of the S&P 500
Day Trading Game Plan: The SPY
SPY indecision was obvious as it trade around the 50 sma for most of the day. We ended the week, with our first well-offered candles since March (see chart below-lower lows and lower highs)
SPY Doji Candles Continue | Stocks to Trade |Monday June 8, 2015
- JPM, C and GS still strong
- Airlines a sell-short
- Inside day for the casinos after short-covering. Look for an increase in volatility today.
Interesting Chart Lessons:
DD bear flag finally paid off. now a 20 day break down trigger
Earnings in play today > 1M avg shares:
Bullish Ideas ATR/Volume/Price: YOKU, FEYE, GPRO, CTRP, NFLX, SWKS, GILD, TSLA>250, GS,
Bearish Ideas ATR/Volume/Price: kors, gmcr, kss, rrc, aal, ual, nsc, amt<92.50
Weak Stock Weak Close: all, ctl, f, gps, hgn, hpq, intc, kss, mo, pm, wmt
Strong Stock Weak Close: DOW, AIG
Weak Stock Strong Close: gmcr, eog,
Strong Stock Strong Close: YOKU, FEYE, GPRO, TMUS, UA, CYBR, CRM, TASR
20 day Breakdown: wmt, vz, f, cost, duk, cl, dd
20 Day Breakout: YOKU, FEYE, QIHU, ZION, JD, UA, C, CFG
2x Normal Volume: endp, qihu, zion, feye, jd, tmus, wen, schw, cl
Watch List Longs: TWC, AET, SBUX, MS, JPM, PNC, WFC, BAC, EBAY, M, C, INTU, DOW
Watch List Short: swn, kss, chk, wmt, cop, pm, mo, trv, ko, all, ual, luv, dd, ntap, low
Inside days: amat, twtr, tmus, dow, lvs, mgm, myl, altr, axp, cien m, swks, anf, wynn, coh, tjx, lnkd, a, ctrx
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