Trading Stocks After FOMC Decision 12-17-15

Trading Stocks After FOMC Decision 12-17-15Yesterday’s FOMC day trading was the most mild price action I have ever witnessed. It was like the market was in a coma, then slowly woke up to the rate hike.

The game plan for today is to expect follow through, but be very aware of resistance levels. Because the hike was “baked-in,” I am not expecting a multi-day rally other than today.

2015 is a year to learn stock picking. If you buckled down and did your work, you are in  great shape. Spotting sector rotation is the key to success.

The solar stocks are a good example of this today. SCTY, FSLR, CSIQ, SPWR, SUNE. Tax and budget deals were announced to help, but the reason is not as important as the fact you noticed the price action and volume.

Good traders don’t focus on reasons, they focus on order flow.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Trading Stocks After FOMC Decision 12-17-15

Day Trading Game Plan: The SPY ETF Outlook

The $SPY is back to no-mans land. The upside potential is limited here. One more positive day takes it into the 2015 resistance.

(click the chart for a full view)

Trading Stocks After FOMC Decision 12-17-15

Pete’s Notes:

  • Financials got a nice FED induced boost, but most of them lack a long-term bias. Trading momentum here.
  • BHI, HAL and SLB solid sell-short.
  • Has oil bottomed?

Technical Analysis | Charts of Interest

EXPE Expedia Inc. 

Expedia and TRIP showing nice relative strength the last few months. EXPE has better order flow over a longer period of time. $139 is the target.

(click the chart for a full view)

Trading Stocks After FOMC Decision 12-17-15

Trading Stocks After FOMC Decision 12-17-15

Trading Stocks After FOMC Decision 12-17-15 | Stocks to Trade

> 20sma | positive week | closed 2% higher from the open: SCTY, FSLR, VRX, TSLA, CVS, URBN, COH, MO, PM, TMUS, HCN, ED

<20sma, negative last 5 days and closed 2% lower from the open: fit, crus, cyh, nfx, apc, hal, bhi, clr, dvn, sm, pxd, mbly

Bullish Ideas ATR/Volume/Price: SCTY, DLTR, QUNR, FSLR, AVGO, TEVA, TRIP, HD, BABA>85, EL, EXPE, MCD, AMGN, ADBE, NKE, EW, AMZN, COST, PNC, GOOGL, ACE, FB, CVX, MA,

Bearish Ideas ATR/Volume/Price: jwn, aapl, hca, stt, cat, mmm, mbly, lvs, unp, hal, pxd, twx, mpc, ua, qcom, slb, bhi, akam, cmi, hfc, cf, thc, gme, lng, apc, clr, wmb, dvn, rrc

Weak Stock Weak Close: mbly, pxd, sm, dvn, clr, bhi, hal, apc,

Strong Stock Weak Close:

Weak Stock Strong Close: cat, feye, see, hfc, bx, wwav, tol, ctl, exc, ctsh, peg, unp, etp, ftnt, car, lvs, hlt,

Strong Stock Strong Close: SCTY, FSLR, MO, PM, TMUS, XEL, ED, CMUS,

20 day Breakdown: apc, clr, dvn, jwn, lng, m, mbly, pcar

20 Day Breakout: MSFT, VRX, SCTY, CVX, PG, CVS, DAL, JNJ, CSIQ, FSLR, COH,

2x Normal Volume: SCTY, MBLY, BHI, CSIQ, HON, FSLR, EXPE, NUE, SAVE, MO, EXPE, PM, CL, DUK, TMUS, MA, NEE, VTR, AEP, K, EL, ED

Watch List Longs: MO, PM, TJX>72, HD, AMGN, JNJ, COST, MCD, CVX, BMY, DAL, ADBE, MSFT,

Watch List Short: cop, bhi, slb, hal, akam, ntap, qcom, m, lvs

Inside days: twtr, hal, qcom, wmt, pypl, gmcr, feye, mmm, tgt, fit, stx, fl, wdc, rost, de, tyc, adi, dks, adsk

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