Stocks to Trade 11-3-15 | SPY Nears Resistance

Very tough to justify longs in the current tape, especially on a higher open.

A five week stock market rally is tough to maintain without a pause. The trend remains higher and we should only be looking for entry signals to be a buyer. But, make sure you aren’t taking trades with 1-1 risk/reward.

If you are step aside and be patient.

Stock Market Today: Map of the S&P 500

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Stocks to Trade 11-3-15

Day Trading Game Plan: The SPY ETF Outlook

SPY surprise trend day higher. Exactly why we are in day trading mode. Last Friday’s sellers vanished.

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Stocks to Trade 11-3-15

Pete’s Notes:

  • Real estate stocks showing breakouts.
  • Most longs overbought.
  • Oil and gas stocks heating up.

Charts in Focus

CVX Chevron Corporation

Clean breakout with good volume. Minor resistance at $96, then a $100 target.

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CVX


Stocks to Trade 11-3-15


Stocks to Trade 11-3-15 | SPY Nears Resistance- Reward Potential Shrinks for Many Longs

Earnings in play today > 1M avg shares: CBS, MBLY, DVN, NFX, RDC, TSLA, MOS, CERN, TASR, Z, PAA, INCY, MDCO, HLF, AG, ATVI, ADM, CVC. DYS, K

Relative weakness to yesterday’s SPY positive change from the open: qunr, lng, nrf, pstg, save, chtr, fsl,

> 20sma, positive week and closed 2% higher from the open: XOM, CVX, HAL, JD, CBS, EL, SLB, ESC, NBL, DO, BIDU, MDT, CAR, EMR, HBI, VLO, CTRP, PSX, OXY, MPC, APA, AMTD, RDC, DHR, AMGN, ADSK, TSO, BIIB, CMA, NUE, CSIQ, CAM

<20sma, negative last 5 days and closed 2% lower from the open: nrf, save, fsl, twou, pstg

Bullish Ideas ATR/Volume/Price: AAPL, FB, XOM, EL, BMY, DIS, MDT, CAR, MA, VLO, CTRP, PSX, OXY, MPC, DHR, HD, ESRX, AMGN, CRM, FSLR, TSO, ADBE, AMZN, PRU, ACN, HON, AET, LRCX, UPS, BA, GOOGL, TRV, INTU, RCL, CAM, CTXS

Bearish Ideas ATR/Volume/Price: vrx, scty, gpro, nxpi, wmb, unp, lng, feye, rrc, bhi, hca, skx, thc, yum, hog, vmw, cyh, gmcr, amba

Weak Stock Weak Close: lng, nrf

Strong Stock Weak Close: QUNR, HOT, CCL, SBUX, BMY,

Weak Stock Strong Close: vrx, wfm, stx, feye, rrc, tsla, jah, lulu, bkd, thc, cmi, amba

Strong Stock Strong Close: PFE, XOM, ABBV, EBAY, PYPL, EL, BIDU, GGP, MDT, CAR, VLO, PSX, OXY, MPC, AMTD, IPG, DHR, AMGN, ADSK, TSO, KIM, lvlt, cci

20 day Breakdown: peg

20 Day Breakout: ABBV, CAR, CTRP, DO, EL, GT, RAX

2x Normal Volume: V, VRX, CFG, FIT, SCTY, EL, DO, YELP, QUNR, CAR, KATE

Watch List Longs: GE, XOM, CVX, JPM, WFC, SBUX, BMY, DIS, VLO, HD, AMGN, TRV COST, LUV, MGM, JNPR, DAL, ADBE

Watch List Short: wmt, bhi

Inside days: vrx, yhoo, nflx, scty, wfc, dow, dal, m, bk, usb, cl, luv, ual, mos, hd, ba, cof

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