Stocks to Trade 11-5-15 | Day Trading Game Plan

Stocks to Trade 11-5-15Today’s day trading game plan will be interesting.

There is a good chance we see follow through on yesterday’s selling. This means strong stocks trading lower. What do you plan to do?

Do you short-sell strong stocks? Wait for strong stocks to give you a buy signal? Do you take that buy signal if the stock is negative on the day? Do you buy the stock if it is below the open price?

How about strong stocks like TSO? What is your plan if it opens high and pushes higher off the open? Is it overbought? Is a lower open a better open to be long this stock today?

This type of game plan preparation is what profitable traders do every day.

If you need some help, join us in the Live Trading Room.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Stocks to Trade 11-5-15

Day Trading Game Plan: The SPY ETF Outlook

SPY profit taking is healthy. A 50% retracement would be back to $200. I doubt we go that far, more likely is the 20ema @$206.

(click the chart for a full view)

Stocks to Trade 11-5-15

Pete’s Notes:

  • Retail stocks showing a bid.
  • Financials continue to hang around the breakout level. Could there be something with interest rates in the near future?
  • Oil and gas need a breather.
  • NFLX testing $115 resistance again. Minor resistance at $116 then $126 area.

Charts in Focus

SKX Skechers

Nasty haircut in Skechers since August. Minor support at $30 with $24 as the downside target.

(click the chart for a full view)

Stocks to Trade 11-5-15


Stocks to Trade 11-5-15


Stocks to Trade 11-5-15 | Day Trading Game Plan

Earnings in play today > 1M avg shares: DIS, APA, CELG, EOG, ENDP, SWKS, DUK, CBI, ED, TAP, ACAD, QRVO, MNST, TRIP, SRPT, MDVN, DATA, CYBR, CROX, DRYS,

Relative strength to yesterday’s SPY negative change from the open: KORS, ATVI, NFLX, DSW, TSLA, ABBV, AMZN, CYH, EA, AR, XON

> 20sma, positive week and closed 2% higher from the open: KORS, ATVI, NFLX, TSLA, ABBV, AMZN, AR, XON

<20sma, negative last 5 days and closed 2% lower from the open: kmi, vrx, viab, paa, mos, skx, hznp, clr, bhi, scty, aet, gmcr

Bullish Ideas ATR/Volume/Price: AAPL, FB, BABA, DIS, NFLX, XOM, CVX, ABBV, V, VLO, MCD, BMY, AMZN, BIDU, MPC, OXY, HD, LYB, PSX, EA, MA, AMGN, DHR, BA, LRCX, ACN, PRU, NKE, TSO, CAM, EL, GOOGL, TRV, KLAC, ADBE, RCL, FSLR, INTU

Bearish Ideas ATR/Volume/Price: vrx, wmb, paa, feye, skx, gpro, bhi, scty, unp, wdc, stx, hog, cyh, ibm, car, hca, gmcr, lng, cmi, bwa, akam, vmw,

Weak Stock Weak Close: kmi, ete, vrx, wfm, wmb, paa, skx, bhi, scty, bby, gmcr

Strong Stock Weak Close: PYPL, VRTX, DIS

Weak Stock Strong Close: cyh, dsw, exc

Strong Stock Strong Close: AMZN, ABBV, ATVI, EA, NFLX

20 day Breakdown: bhi, blmn, msi, sfm, twx, hcp

20 Day Breakout: BABA, MSFT, KORS, ORCL, TSM, VLO, AMZN, BIDU, SWFT, XON, TEX

2x Normal Volume: GE, TWX, AIG, CBS, KORS, DSW, AXP, TSLA, WFM, RRC, CERN, PAA, MSI, KATE LL, BLMN

Watch List Longs: GE, DIS, XOM, WFC, CVX, JPM, SBUX, VLO, MCD, BMY, HD, BK, AMGN, PRU, TRV, HON, COST, MSFT, INTC, EBAY, DAL, MGM, LUV, JNPR, DD, ADBE, INTU

Watch List Short: wmt, bby, bhi, adm, akam

Inside days: ge, kmi, atvi, yhoo, xom, wfc, gm, dow, cvx, myl, mo, slb, cop, pot, adm, pg, met, wba, scty, fit, nov, stx, hd, amba, rdc, all, dd, ibm, car, coh, len, pru, gis, d, hlt, stx, dhi,

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Leave a Reply 2 comments

Daniel Reply

Great questions for today plan Pete!

    Pete Renzulli Reply

    Thank you Daniel

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