Stocks to Trade 11-9-15 | Shanghai Market Rallies

The stock market is consolidating well from a technical analysis perspective.

A longer term opinion on interest rates aside, stock market price action is clearly showing bullish signs. The SPY had a few light volume days and could not hold a lower close. The bears had a chance to push the market lower and were not around.

Be prepared with a game plan for both sides of the market but the longs are getting better follow through.

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 11-9-15

Day Trading Game Plan: The SPY ETF Outlook

SPY bull flag near resistance is healthy for a move higher. The only question is whether or not the $212-213 area will remain the 2015 high.

(click the chart for a full view)

Stocks to Trade 11-9-15

Pete’s Notes:

  • I still like the ag stocks short
  • Financials finally broke out on Friday. Looking for follow through.
  • Insurance stocks showing a bid.
  • Casino stocks poised for an increase in volatility.

Charts in Focus

ABBV | AbbVie Inc

Minor resistance @ $64 with room to go to a double top resistance at $70.

(click the chart for a full view)

Stocks to Trade 11-9-15


Stocks to Trade 11-9-15


Stocks to Trade 11-9-15 | Shanghai Market Rallies

Earnings in play today > 1M avg shares: HTZ, NRF, DF, RAX, TOL, BID, ISIS, DISH, HALO, XON, TERP, SNI, HPT, WUBA

Relative strength to yesterday’s SPY negative change from the open: CHANGE FROM THE CLOSE NEUTRAL

> 20sma, positive week and closed 2% higher from the open: HZNP, WTW, SYF, HAL, JD, BRCM, ABBV, SWKS, DD, UAL, CLR, XPO, AVGO, CTSH, RDC, THC, CTRP, SFM, RAX, AER, URI, ADI, PBF

<20sma, negative last 5 days and closed 2% lower from the open: mro, khc, ed, rai, m, duk, vtr, dyn, bx, cl, aep, mdvn, aet, hcn, o, wec, amt, d,

Bullish Ideas ATR/Volume/Price: BABA, FB, AAPL, WTW, DIS, XOM, V>79, ABBV, UAL, EXPE, ADSK, VLO, MCD, AVGO, MA, GS, AMZN, PNC, PRU, BIDU, HD, OXY, COF, CTRP, MPC, CRM, HON, NKE, PSX, CAH, ADBE, RCL, TSO, COST, GOOGL,

Bearish Ideas ATR/Volume/Price: hcn, khc, aet, nee, celg, scty, lulu, bwa, etp, unp, amba, cvs, wmb, cf, de, ibm, skx, vmw, oke, akam, lng, vrx, qcom, cyh, feye

Weak Stock Weak Close: vtr, ed, duk, hcp, hcn, khc, fe, aep, d, m, lulu, bx

Strong Stock Weak Close: BABA, ATVI, AGN, EXPE, AIG,

Weak Stock Strong Close: bhi, car, cyh, endp, feye, grub, hca, lng, qcom, wfm

Strong Stock Strong Close: WTW, NVDA, SCHW, CTRP, SYF, BRCM, CTSH, IDTI, ABBV, DD, PBF

20 day Breakdown: mdvn, vtr, ed, duk, hcp, o, hcn, khc, so, wec, aep, cern, symc

20 Day Breakout: CFG, ETF, GE, HZNP, NVDA, PNC, PRC, SCHW, SWKS, SYF, WTW, XPO

2x Normal Volume: YOKU, WTW, SYF, TRIP, ED, HZNP, TDC, NVDA, CFG, KHC, FEYE, SCHW, VRX, PWR, WCOM, VTR, GE, DUK, MDVN, XPO, AMTD

Watch List Longs: PRU, MET, PNC, USB, DIS, COF, BK, WFC, GE, COST, MCD, HON, HD, VLO, XOM, SBUX, EBAY, LUV, DD, MSFT, MGM, TXN, C

Watch List Short: wmt, bhi, adm, cvs, aet, akam, qcom, m, len

Inside days: aapl, qcom, vrx, nflx, pwr, gild, endp, mcd, unh, bidu, cf, tmus, kim, car, mur, mbly, tsla, wynn, yalp, teva, gmcr, klac

Stocks in China, Japan hit highest levels in 2 1/2 months

Stocks to Trade 11-9-15 | Shanghai Market RalliesShares in Japan and Shanghai rallied to fresh 2 1/2 -month highs, lifted by a weaker yen and stimulus hopes, respectively, while worries about China’s slowdown drove most other Asian markets lower.

Japan’s Nikkei Stock Average NIK, +1.96% finished up 2% at 19,642.74, its highest close since late August.

The Shanghai Composite Index SHCOMP, +1.58% was up 1.6% to 3,648.42. That adds to a 6% jump the previous week. Hong Kong’s Hang Seng Index HSI, -0.61% was down 0.1%.

Australia’s S&P/ASX 200 XJO, -1.83% was down 1.8%, while South Korea’s Kospi SEU, -0.75% lost 0.8%.

Over the weekend, data showed Chinese exports in October fell for the fourth consecutive month, by 6.9% year-over-year in dollar terms, after a drop of 3.7% in September. The October figure was worse than the median 4.1% decline forecast in a Wall Street Journal poll.

In China, investors are also assessing the impact of regulators’ announcement late Friday plans to lift a ban on initial public offerings, after suspending them in July in the heat of a share selloff.

Continue reading on marketwatch.com

About the Author

Leave a Reply 0 comments

Leave a Reply: