Stocks to Trade October 26-2015

Bank stocks slowly creeping higher without much press.

Facebook FB, strong before earnings on November 4. Retail still getting pounded, TGT the most recent attack to the short side. Many tech stocks still strong but now in overbought territory. GS Goldman Sachs still in a trading range. Looking for short-side follow through today in HOG and FEYE.

Stock Market Today: Map of the S&P 500

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Stocks to Trade October 26-2015

Day Trading Game Plan: The SPY ETF Outlook

SPY price action now four consecutive weeks of buying. Due for a pause or pullback.

(click the chart for a full view)

Stocks to Trade October 26-2015

Pete’s Notes:

  • Many of the long ideas are overbought today. MCD for example.
  • Retail still getting hit. COST the only one of many that still looks good for a long.
  • NKE, UA have lost their long mojo.

Charts in Focus

TSLA Tesla Motors Inc.

Interesting price action in TSLA. $200 and then $180-185 are the next support levels. If it can’t hold the lower end, plenty of room to go lower.

(click the chart for a full view)

Stocks to Trade October 26-2015


Stocks to Trade October 26-2015


Stocks to Trade October 26-2015

Earnings in play today > 1M avg shares: MGM, FDC, BRCM, IDTI, HIG, CHKP, HCC, SWI,

Relative weakness to yesterday’s SPY POSITIVE change from the open: skx, amzn, tgt, ete, pypl, feye, lulu, m,  stt, googl, rrc, kors, jah, vtr, tsla, dltr, etp, tjx, dyn, hot, kss, bhi, rost, hcn, csiq

> 20sma, positive week and closed 2% higher from the open: AAPL, BABA, LUV, UAL, CBS, TRN, BMY, TRN, COF, MJN, BXLT, CAH, APA, VRTX, QRVO, MDVN

<20sma, negative last 5 days and closed 2% lower from the open: skx, ete, feye, lulu, m, rrc, kors, tsla, etp, kss

Bullish Ideas ATR/Volume/Price: TRIP, TXN, ADI, DLPH, MCD, NKE, TRV, ACE, DIS, AMZN, INTU, ACN, CTXS, HON, GOOGL, V, MA, CRM, DHR, EA> 75, PRU, FB, HD, RCL, CAM, BMY, ADBE

Bearish Ideas ATR/Volume/Price: vrx, cyh, thc, vmw, endp, tsla, feye, amba, hca, abbv, rrc, myl, hog, aet, scty, lulu, stx, wmb, lng,

Weak Stock Weak Close: bkd, dg, dltr, ete, feye, hot, jah, m, rrc, tgt, tsla, usg, vtr

Strong Stock Weak Close: IDTI, AMZN, GOOGL, CCI,

Weak Stock Strong Close: agn, cyh, endp, hca, myl, stx

Strong Stock Strong Close: JNPR, LUV, COF, BMY

20 day Breakdown: feye, jah, kors, lulu, skx, tgt, ua, usg

20 Day Breakout: TXN, JNPR, MSFT, LUV, MCD, TRN, JNS, COF, EBAY, PG, CBS, MJN, IR, RCL, UAL, AAPL

2x Normal Volume: MSFT, SKX, ABBA, VRX, HZNP, AMZN, ENDP, UA, TRN, CYH, KLAC, THC, LULU, COF, HOG, STT, GOOGL, MJN, LRCX, JAH

Watch List Longs: GE, MCD, XOM, TRV, PM, DIS, MO, HON, BK, KO, PRU, WFC, COST, SBUX, HD, SNDK, JNPR, INTC, MSFT, LLTC, NTAP, INTU, DAL, C, ADBE

Watch List Short: aet, wmt, kss, bby, m

Inside days: abbv, kmi, ko, dow, cyh, klac, thc, cat, nxpi, dhi, gpro, bkd, epd, unh, dhr, mar, esrx, aet, cern, holx, gis, yelp, cvc, len, adsk, mbly

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