Stock Trading Today 12-13-16 | CMG-Chipotle CEO


Today’s Trading Lesson…

Trader education gets a bad rap.

You pay to learn. We all do. It’s just whether we pay with time, or pay for another trader’s experience.

If you pay with time, your learning curve takes longer. Earning your trading education through trial and error becomes expensive, and let’s be honest, it’s exhausting.

If you pay for experience… if you find a trusted mentor, you reduce the cost of learning and speed up the path to success.

This new training course, TRADING ESSENTIALS provides the foundation to earn while you learn.

Learn more and enroll for free today == >>

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On the Tape Today...

$UTX 12-13-16

$UTX 12-13-16

$UTX 12-13-16

$UTX | United Technologies testing long-term resistance again. One of the few stocks here not showing overbought momentum. A $111 buy-stop is sufficiently above yesterdays high to be safe from buying false breakout. We see minor $122 resistance and an ultimate target to sell @ $115.75

$ACAD 12-13-16

$ACAD 12-13-16

$ACAD | Acadia Parmaceuticals breaking down after repeated attempts to trade above $30. A breakdown through $26 on solid volume sets up a new short-sale and a target to cover @ $21.50. Looking for an entry below yesterday's low after the first half hour of trading.

Practice and Trading Mastery

Why do sports teams spend hours reviewing game films of games they’ve just played? They realize that part of preparation is learning from recent performance.

Watching a game, stopping the recording, and identifying what was done well and where mistakes were made helps to cement lessons that will be tackled during the coming week’s practice.

That is how we improve: review, drill, apply. Every performance becomes learning for tomorrow’s performances.

The true professional, like Michelangelo, is always learning.

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Trump Picks Exxon Mobil CEO Tillerson to Be Secretary of State

President-elect Donald Trump tapped Exxon Mobil Corp. chief Rex Tillerson to be the next U.S. secretary of state, according to statement.

The move is sure to set off a confirmation fight in the U.S. Senate, where three Republicans and several Democrats have expressed apprehension about Tillerson’s close ties to Russian President Vladimir Putin.

Tillerson has accepted Trump’s offer, according to a person familiar with the transition. He will reach Exxon’s mandatory retirement age of 65 in March and, if confirmed, would be the first oil executive to lead the State Department.

When Trump Meets Tech Leaders, Jobs Will Be on the Agenda

SAN FRANCISCO — At the top of the agenda when President-elect Donald J. Trump meets with tech leaders on Wednesday afternoon: jobs, jobs and more jobs.

Other topics will come up too, depending on Mr. Trump’s whims. One likely possibility: the repatriation of offshore cash.

The top tech companies collectively hold hundreds of billions of dollars overseas. They would like to return the money to the United States at a beneficial tax rate. For Mr. Trump, a deal on these funds could represent money that would help advance an infrastructure program.

But mostly, it will be about jobs.

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Stock Market Today: Heatmap of the S&P 500

$SPY Heatmap-11-7-16

Stock Trading Today 12-13-16 

Stocks End Mixed; Which Big Cap Techs Are Joining Apple To Form New Bases?

Apple (AAPL), meanwhile, fell around 0.6% to 113.30. More importantly, the stock held above its key 50-day moving average. And Intel (INTC) helped prop up chipmakers with a 0.7% gain to 35.97. Intel has been working on a new saucerlike base since peaking at 38.36 in October.

J&J jumped nearly 3% to 115.36 in heavy turnover, stopping short of retaking its 50- and 200-day lines. The stock is just 8% below a 52-week peak, but it’s still in the early stages of forming a potential new base.

Back to the tech sector, Microsoft (MSFT) rose 0.3% to 62.17, extending its gains from a breakout past a 58.80 base-on-base buy point to 5.7%.

Qualcomm (QCOM), which makes the IBD Dividend Leaders screen, gave up little ground as it builds on gains since a July 21 breakaway gap past a bottoming base buy point of 56.37.

Netflix (NFLX) continues to show tight action after a strong rally last week. Down just 5 cents on Monday to 122.83, the video streaming giant is still above an aggressive entry point near 120, according to IBD Leaderboard. The standard buy point is 129.39.

In the energy sector, numerous oil and gas explorers struggled to hold big opening gains in the wake of another surprise agreement among non-OPEC oil-producing nations to join in the body’s historic decision to cut overall production starting in January.

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Tape Reading the SPY ETF

Not exactly profit-taking in the $SPY yesterday.

The stock market has every reason for an orderly decline. But the bulls won’t get off the bid.

More to the point, institutions aren’t selling. Volume continues to remain near 100 million shares. The big money continues to participate but we don’t exhaustion or distribution.

The smart trade is long, the rookie mistake is to trade breakouts. The momentum is stretched which means a buy-stop at yesterday’s high will give you fits.

If you want to be extra cautious, set some bullish criteria before you place a bid. Wait for the stock to be above the open price and yesterday’s close.

Don’t forget FOMC tomorrow. No need to force trades if the risk reward isn’t there.

$SPY 12-13-16 | Hourly Chart

$SPY 12-13-16 | Hourly Chart

Priceline William Shatner

Stocks in Play: $CMG research on

Chipotle Mexican Grill (CME) Chipotle shares rise after founder Steve Ells takes over as sole CEO

Chipotle Mexican Grill Inc. shares closed up 3.3% on Monday after the fast-casual chain announced that founder Steve Ells has been named sole chief executive of the company.

Co-CEO Monty Moran will step down from his role and his board seat, effective immediately, and will retire from the company in 2017. Ells will stay on as chairman of the board. Chipotle CMG, +3.37% has been trying to battle back from a collapse in traffic and sales following illness outbreaks that began in late 2015.

However, the recovery has been long and slow. At a Barclays conference last Tuesday, Chipotle said that it was “nervous about the guidance” it gave during its most recent earnings call.

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Chipotle Down to One CEO (CMG)

Chipotle Mexican Grill Inc. (CMG) recently hinted that there would be a big change to leadership, and the company has followed through.

Monty Moran has stepped down from his board seat and role as co-CEO, effective immediately, leaving the company’s founder Steve Ells as the sole CEO once again.

He and Moran had shared the top job since 2009. Shares in the struggling burrito chain have risen 2.3% to $378.53 as of 11:26 a.m. EST Monday, defying a mild slump in the broader market.

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$CMG 12-13-16

$CMG 12-13-16

Stocks to Trade 12-13-16 | Tuesday Edition

Short-Term Trading Momentum:

Positive the last 20 and 5 trading days | closed 2% higher from the open: CLVS, EA

Negative last 20 and 5 trading days | closed 2% lower from the open: alxn, viab, car, htz, acad, ntnx, rh, m, ua, expe, srpt, kors, wmb

Quarterly Order Flow:


Bearish Stocks to Trade: htz, acad, ntnx, crm, trip, c, twlo, mdt, aem

2x Normal Volume: CBS, VIAB, ALXN, LEN, RH

Inside days: ko, orcl, bmy, lvs, dis, azn, mgm, cvs, qcom, atvi, dhi, nflx, stx, unh, kim, hig, aet, lrcx

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