Plenty of opportunity for a day trader…
How are you doing?
There are certain moments in time, when the stars line up, and there is money to be made. Real money.
The start to the 2016 stock market is exactly what a short-term trader could want. We have huge volume and a clear trend.
Then why is everyone bitching? It’s because they aren’t paying attention to the trend. Stock traders, especially, keep waiting for a bottom to get, long instead of selling short.
Could today be capitulation? Yes, but that doesn’t mean ignore the down trend.
Too many day traders are bragging about not losing “a lot of money” picking a bottom instead of making money short.
The stock market and the global economy just gave you a two week gift. Spend some time with a legal pad, a pot of coffee or a red bull, and ask yourself why you missed it.
— Spiridon C. Dalietos (@Dalietos) January 20, 2016
Stock Market Today: Map of the S&P 500
(click the map for a full view)
SPY end of day short-covering is driving day traders crazy. There is no other way to describe it. Everyone I speak to is looking for capitulation.-
(click the chart for a full view)
Stock Market Global Slide Continues | Oil Skids Lower | 1-20-16
- If you aren’t making money right now your list is too big, or your plan is too vague. This volatility and the short-sale opportunities, are one for the ages.
Technical Analysis | Charts of Interest
NFLX Netflix Inc.
“Mad Money” host Jim Cramer on whether this is the right market for one stock in FANG.
Netflix’s greater focus on international markets may be aimed at distracting from slowing domestic growth.
Profitability remains modest, but Netflix is catching on outside the U.S.
Netflix (NFLX) stock surged higher late Tuesday after the Internet TV service reported stronger-than-expected international subscriber growth and better profitability than forecast for the fourth quarter. But while Netflix is growing its subscriber base like gangbusters in international markets, its growth in the U.S. has slowed. Netflix added 5.59 million total new streaming subscribers in Q4, which topped its guidance for 5.15 million net new
Netflix reported a surge in streaming subscribers in the December quarter, boosted by the company’s overseas expansion.
Visit www.marketwatch.com or the quote page for more information about this breaking news.
(click the chart for a full view)
Stocks to Trade 1-20-16
Short-Term Trading Momentum:
Positive the last 20 and 5 trading days | closed 2% higher from the open: VIAB, NEE
Negative last 20 and 5 trading days | closed 2% lower from the open: scty, cop, nfx, nbl, rrc, etp, amba, lng, vmw, hes, mbly, fosl, oke, kmx, hp, cf, dvn, adsk, apc, stx, aer, tso, eog, clvs, esrx, bbby, nwl, yelp, apa, bwa, ua, gild, car, mar, wdc, cat, biib, pru, c, hca, ual, cof, cmi, mpc, swks, nxpi
Quarterly Order Flow:
Bullish Ideas ATR/Volume/Price: KSS, WMT, BXLT, DUK, AEP, LULU, ED, MO, NEE
Bearish Ideas ATR/Volume/Price: scty, cop, nfx, nbl, nbl, rrc, etp, amba, lng, vmw, mbly, fosl, kmx, hp, cf, dvn, adsk, apc, stx, aer, eog, esrx, bbby, nwl, bwa, ua, gild, car, mar, vfc, wdc, dd, ibm, cat, pru, c, hot, ual cof, lrcx, mpc, aapl, swks, cam, hfc, nxpi, bhi, celg, jpm, unp, cost, dis, len, fdx, fb, ups, gs, stt, nke, jwn, akam, thc
20 Day Breakdown: cop, nfx, nbl, hes, mbly, kmx, apc, aer, tso, esrx, nwl, bwa, car, mar, ibm, ccl, ual
20 Day Breakout: CMS, ED, NEE, SO, VIAB, XEL
2x Normal Volume: C, NFLX, MS, COP, BRCM, ACE, BXLT, MBLY, CCL, MA, LLY, CTSH, CRM, THC, AER, AMTD, FAST, KMX, CB, SFM, MCHP, FTNT, RCL, CCI, AMT
Inside days: csco, intc, bby, apa, rai, aet, fast, amzn, cci, ctl, hig, tmus, lvlt