Stock Market Volatility is Imminent:
It looks like the final failed test of $212 in the SPY has occurred.
I see an expansion in volatility to the downside.
The contraction and indecision has been going n for months and the time for is to resolve itself is here. If you are trading long with yoru eyes closed it’s time to wake up.
Can you find stocks to buy? Absolutely. You always can. But I see the short-term tape ready to roll over.
GoDaddy Earnings Preview:
GoDaddy Inc. (NYSE:GDDY) stock has been pretty quiet since the company went public back on April 1. After surging some 31% immediately following its initial public offering of $20 per share, GDDY has since slipped about 5% as traders turned their focus elsewhere.
But GDDY stock is once again front and center this week, as GoDaddy gets set to release its first quarterly report as a publicly traded company.
Stocks to Trade | Tuesday May 12, 2015
- Stock market volatility is about to get interesting. Finally…
- This pocket of stocks is the one to keep an eye on. This relative strength is the only thing holding the market up.
Interesting Chart Lessons:
- MS and other financials showing relative strength.
- ALTR and SNDK still looking for a trend day. Not quite inside days but the contraction is coiled to break.
- HD failed test of the 112.00 gap fill. Looking for selling to come back today.
Earnings in play today > 1M avg shares: TLM, ECA, Z, IDRA, PGR, PE, ACM, GDDY, VSLR, WLT, CYCC
Bullish Ideas Volume Price ATR: NFLX, TASR, TSLA, CSIQ, CAT, PRU, VRX, GS, HCA
Bearish Ideas Volume Price ATR: AKRX, WYNN, PXD, LVS, BIDU, RCL, FSLR, APA, UA, NOV, BA, APC, UNH
Weak Stock Weak Close: APA, APC, HES, EOG, NOV, PXD, WYNN
Strong Stock Weak Close: CVC, MPC, TSO
Weak Stock Strong Close: AKRX, MU
Strong Stock Strong Close: BBRY, ETFC, CSIQ, SCHW, TASR
20 day Breakdown: NTAP
20 Day Breakout: BBRY, CSIQ, EA, GT, MET, SCHW
2x Normal Volume: BBRY, HLT, YELP, TRV, XRX, CSIQ
Core Watch List Longs: PRU, ADM, JPM, MS, MET, BMY, NEM, JNPR, AKAM
Core Watch List Short: ALL, TRV, WYNN, MGM, LVS, LEN, NTAP
Inside days: V, FSLR, INTU
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