Stocks to Trade | Game Plan Meeting | May 5, 2015

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

Game Plan Review | End of Day 5.5.15

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