Stock Market Bears Awaken 12-18-15 | Sell the News

Bear marketFor months we kept asking if the there was a catalyst strong enough, to push the stock market to new highs before the end of 2015. Yesterday we got our answer.

A resounding no. A vicious, bearish reversal gave us reality.

Commodities are weighing too heavy on the market, and the free interest rate ride is over. It’s time the market stands on it’s own two feet. If it can’t, let it fall.

I am not a bear, and don’t want to see a collapse, but it needs to get back to a free market and not one held up by the government. We have climbed out of the financial crisis. Let the stock market do its thing now and stay out of the way.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Stock Market Bears Awaken 12-18-15

Day Trading Game Plan: The SPY ETF Outlook

The $SPY nearly formed a bearish engulfing candle after a FED induced rally. Set to open the $202 support this morning. Tough to short a lower open into support.

(click the chart for a full view)

Stock Market Bears Awaken 12-18-15

Pete’s Notes:

  • So much for a FED rally.
  • Commodities weighing heavy.
  • AAPL near $108 support, has a lot of room to go ($95.17) if it breaks.

Technical Analysis | Charts of Interest

HOG Harley-Davidson Inc.  

HOG is in a solid downtrend for 2015. Key moving averages are in the correct order to trade the short side with conviction. The next target is $41.67.

(click the chart for a full view)

Stock Market Bears Awaken 12-18-15


Stock Market Bears Awaken 12-18-15

Stock Market Bears Awaken 12-18-15 | Sell the News

> 20sma | positive week | closed 2% higher from the open: TEAM

<20sma, negative last 5 days and closed 2% lower from the open: wmb, aem, clr, sm, etp, fit, nsc, dvn, jwn, oke, lng, m, kmi, bbby, kss, eog, bhi, hog, pxd, pcar, kmx, met, emr, rrc, apc, mbly

Bullish Ideas ATR/Volume/Price: SCTY, VLO, MCD, FB, MA, AMZN, GOOGL, ADBE, TRIP, FSLR, EXPE,

Bearish Ideas ATR/Volume/Price: wmb, clr, sm, etp, fit, dvn, gme, cop, lng, apa, lvs, oxy, uri, eog, pxd, slb, wdc, ua, prgo, rrc, aapl, tgt, apc, hot, mar, cmi, vmw, hca, mmm, cf, hfc, mbly, thc

Weak Stock Weak Close: wmb, clr, sm, etp, fit, nsc, dvn, gme, hal, cop, lng, mos, twtr, m, lvs, oxy, bbby, uri, eog, bhi, hog, slb, pcar, dks, wdc, met, adi, rax, emr, ua, wmt, rrc, aapl, tol, apc, ben, mbly

Strong Stock Weak Close: TRIP, FSLR, STI, ROST, BMY, AVGO, DLTR, ANF,

Weak Stock Strong Close:

Strong Stock Strong Close:

20 day Breakdown: clr, sm, acn, dvn, oke, hal, m, pxd, mur, rrc, apc

20 Day Breakout: SCTY

2x Normal Volume: DVN, ACN, CCE, OKE, SCTY, KMX, GIS, APC, PXD, MBLY


Watch List Short: hal, cop, bhi, slb, met, wmt, axp, akam, ntap, m, lvs, tol,

Inside days: ko, pg, dis, jnj, mbly, cvs, mat, kr, mo, pm, hca, esrx, pep, rai, etfc, nue, wm, psx, ea, mar, hcn, expe, save, ftnt, cyh, bwa, trip

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