Stocks to Trade |Tuesday May 5, 2015
Pete’s Notes:
- SPY/general market no help for a bias. (rejected @ 212 again)
- more short sales than longs
- retail and housing stocks weak (confirmed new down trends)
- financials strong
Interesting Chart Lessons:
- BA accumulation price action and volume @ support (exhaustion type move)
- JPM: 2 ID Thursday/Friday, yesterday –> trend day
- TASR is a long but not a long today, 2X normal volume after a multi day run
- ADM is a long but not a long today, 9 well-bid days in a row
Click for a podcast of today’s meeting…
Subscriber Ideas:
Inside days/Breakouts:
Longs:
Shorts:
Earnings in play today > 1M avg shares: RGP, S, GRPN, DIS, MYL, MCP, ALL, SCTY, EMR, ADM, EA, DVN, ODP, CTRP, K, HLF, FOSL
Bullish Ideas Volume Price ATR: NFLX, AMZN, CRM, DIS, GS
Bearish Ideas Volume Price ATR: TWTR, RCL, YELP, WYNN, KSS, BIIB, HD, UNH, MMM, BABA,
Weak Stock Weak Close: HRB
Strong Stock Weak Close: –
Weak Stock Strong Close: WYNN
Strong Stock Strong Close: ETFC, SCHW, YOKU
20 day Breakdown: –
20 Day Breakout: –
2x Normal Volume: RGP, TASR, CTSH, YUM, CIEN
Core Watch List Longs: BK, JPM, SBUX, PRU, INTU, ALTR, AKAM
Core Watch List Short: KSS, BBY, TJX, HD, TGT, AXP, CVX, AMAT, TOL, GLW
Inside days: FB, MYL, TSLA, ALTR, EXPE