Stocks to Trade 11-25-14 | Happy Thanksgiving

The stock market is offering opportunity to learn trading at the highest levels…

New day traders ask if there is an edge, to begin a career in an easy market. My answer is always no. Countless trading millionaires in 1998-2000 left the business in mid 2000 because they had zero trading skills. When averaging down into every trade stopped making money, and created huge losses, their career was over.

If you are new, and are breaking-even in 2015, you might be exhausted, but you are in good shape for the long-term. It means you know what you are looking at, and have some skill.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Stocks to Trade 11-25-14

Day Trading Game Plan: The SPY ETF Outlook

The SPY once again rallied mid-day. The old-school “time-of-day ” trades are off the table. I am strictly day trading mode.

(click the chart for a full view)

Stocks to Trade 11-25-14

Pete’s Notes:

  • Basic materials find buyers (XOM, CVX, COP, APC, HAL KMI)
  • Financials rally but close negative. I’m not a buyer yet.
  • New lows slightly outpaced new highs.

Charts in Focus

BRCM Broadcom Corp.

Clean breakout with increasing volume in BRCM. As long as the stock remains above $53.75, your first target is @ $57.

(click the chart for a full view)

Stocks to Trade 11-25-14

Stocks to Trade 11-25-14

Stocks to Trade 11-25-14 | Happy Thanksgiving

Relative weakness yesterday compared to the SPY positive change from the open: car, ctrp, wtw, ea

> 20sma | positive week | closed 2% higher from the open: DLTR, RDC, BXLT, NXPI, ANF, THC, HES, RSPP, APA, VMW, COP, NUE, DVN, HAL, BHI, AVGO, SKX, ROST, PBF, COH, KSS, LYB, DG, URI, BRCM

<20sma, negative last 5 days and closed 2% lower from the open: bofi, car, ea

Bullish Ideas ATR/Volume/Price: AVGO, PXD, ROST, OXY, LYB, XOM, MPC, PSX, LOW, HD, DLPH, TSO, VLO, BA, AMGN, ADBE, NKE, TEVA, MCD, CRM, COST, GOOGL, LLY, BIDU, NSC, FB, AMZNDIS, NFLX, CTRP

Bearish Ideas ATR/Volume/Price: car, ual, mar, m, celg, lvs, fit akam, vrx, cvs, wdc, qcom, prgo, scty, dks,

Weak Stock Weak Close: car

Strong Stock Weak Close: WTW, CTRP

Weak Stock Strong Close: wynn, oke, urbn, kmi, bby, bbby, d, etp, mos, gme

Strong Stock Strong Close: ANF, AVGO, ROST, PBF, LYB, A, DHI,  BRCM, XLNX, MGM, EBAY

20 day Breakdown: lbtya, mar, rcl

20 Day Breakout: DLTR, BXLT, ANF, VMW, CLR, ROST, TSN, PBF, BRCM, LOW, HD,

2x Normal Volume: SYF, TSN, TMUS, DLTR, GME, ADI, SRPT, BXLT, M, ANF, AGN, DE

Watch List Longs: XOM, KO, HD, VLO, GE, USB, BK, JPM, TRV, MCD, BMY, PRU, WFC, JNJ, COST, BRCM, DD, MGM, LOW, HD, DOW, ADBE, KLAC, INTC,

Watch List Short: adm, cvs, bby, axp, akam, m, qcom, lvs, ual,

Inside days: m, hznp, cdns, fit, cern, lng, hcn, yelp, mas, aet

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