Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower

Stocks to Trade 11-12-15Are you getting whiplash day trading this market?

If you are, that’s a symptom of a vague trading plan. The stock market is offering amazing opportunity right now, if you’re patient. Being patient implies you know exactly what you are looking for.

Being patient also implies you hold the good trades because they meet your criteria (click the chart of DG above from yesterday). If you are exhausted, frustrated and looking for a trading secret that will help you earn six-figures, it’s this…

Pick one strategy. Stop trying to trade everything.

What does this mean for your trade ideas? It means our focus remains industry and sector specific.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower

Day Trading Game Plan: The SPY ETF Outlook

SPY price action still above the 20 ema on the daily chart but it could not trade above the open. Less than 68 millions shares gives us another inconclusive day from a volume perspective but…this was the first day in a while the sellers held into the close.

(click the chart for a full view)

Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower

Pete’s Notes:

  • More bad retail news this morning as KSS profit drops 15% y-o-y but stronger than expected. Stock higher pre-market.
  • Oil gets technical buy signal.
  • AMZN a beast if you can handle the swings.
  • NFLX needs to get over %115 for me to want to be long.

Charts in Focus

M Macy’s and other Retail Stocks Drag Market Lower

M and other retail stocks weighed on the market, a higher open today in this sector is another sell-short.

(click the chart for a full view)

Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower


Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower


Stocks to Trade 11-12-15 | Retail Stocks Drag Market Lower

Earnings in play today > 1M avg shares: FOSL, HP, JWN, KSS, SINA, VIAB, WUBA

Relative strength to yesterday’s SPY negative change from the open: AEM, DHI, MSI, QUNR, TAP, TOL, WTW

> 20sma, positive week and closed 2% higher from the open: DHI, MSI, TAP, WTW

<20sma, negative last 5 days and closed 2% lower from the open: m, vrx, mro, apc, twtr, wfm, feye, cvs, dg, esrx, tgt, coh, skx, etp, gmcr, rrc, tjx, nov, fl, cmi, wynn, paa, lulu, dyn, hca, rost, thc, aet, bby, hp, fit, vfc, oke, lng,

Bullish Ideas ATR/Volume/Price: TAP, WTW, BUD, AMZN, BIDU, DLPH, ADBE, FB, CTRP, GOOGL, HON, MCD, INTU, PRU, NFLX, COST, VLO, V, RCL, DIS, PSX

Bearish Ideas ATR/Volume/Price: m, mnk, cyh, gmcr, sm, rrc, skx, vrx, feye, kss, fl, dg, fit, thc, oke, lng, aet, vfc, tgt, wynn, bhi, wba, de, wdc, celg, scty, stx, hcn, yu,m, akam, ibm, mbly, cf, qcom,

Weak Stock Weak Close: m, mnk, cog, cyh, gmcr, urbn, rrc, skx, vrx, lulu, fit, thc, bbby, oke, kmi, lng, apc, etp, aet, vfc, cvs, tgt, sbh, rost, nov, wynn, wba, twtr, wfm

Strong Stock Weak Close: ADSK, C,

Weak Stock Strong Close: fe, tol

Strong Stock Strong Close: WTW, INFN, TAP, DHI, MSI

20 day Breakdown: apc, dg, ete, etp, fl, gmcr, kss, m, scty, urbn, wdc

20 Day Breakout: DHI, GE, TAP

2x Normal Volume: SYF, M, HZNP, TAP, GE, KSS, APC, BSX, ATW, KKR

Watch List Longs: GE, HON, MCD, PRU, JNJ, TRV, COST, VLO, KLAC, DD, EBAY, LUV, TXN, ADBE, INTU, HD

Watch List Short: wmt, bhi, adm, bby, aet, cvs, kss, axp, m, akam, qcom, wynn

Inside days: nvda, mcd, twtr, dal, brcm, mnk, tmus, met, yoku, aal, low, stt, mon, ual, utx, vmw, ba,

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