The biggest trading mistake I made was confusing risk management with opportunity…
Building an argument for a great trading idea, then determining if the risk is worth the potential reward is a different trade.
You will be faced with those decisions today. A higher open in weak stocks, is not a buying scenario.
Choose to be long strong stocks. If you decide to buy stocks with selling order flow, realize they are momentum trades and book profits when you see indecision or the intra day trend changing.
Pete’s Day Trading Notes:
- Financial stocks beaten down but showing signs of exhaustion. The short-sale probability is lower.
- AMZN 8 days closing below the 200 sma.
- There is a difference between oversold, and a buying opportunity. Oversold implies the selling reached an extreme, that does not mean to buy. It means to tighten a trailing stop-loss on a short-sale. The stock market is set to open higher look to buy strong stocks, not those beaten down.
Stock Market Today: Map of the S&P 500
(click the map for a full view)
–> Top 25 Proprietary Trading Secrets
Twitter Stock Price Continues Decline | TWTR Bargain or Toxic?
Twitter, Inc.’s (NYSE: TWTR) handling of management and its growing pains are well-documented news that has crushed its stock in recent months. So much buzz may put added pressure on the social media company to calm the waters when it reports earnings after the closing bell on Wednesday.
Earlier Friday, Wedbush analyst Michael Pachter cut price targets on social giants Twitter Inc (NYSE:TWTR) and LinkedIn Corp (NYSE:LNKD), in light of impending and recent earnings reports. Below are the … The post Earnings Beat: Wedbush Lowers Price Targets on Twitter Inc (TWTR) and LinkedIn Corp (LNKD) appeared first on Smarter Analyst.
TWTR Stock: Twitter Inc Is Utterly WORTHLESS
I’ve been unapologetically bearish on Twitter Inc (TWTR) stock for well over a year now, for a laundry list of very simple reasons.
Yesterday, Twitter reported fourth-quarter earnings. And yesterday’s report showed that my concerns are still well-founded … but vastly more serious than ever before.
My main gripe with TWTR stock over the past year has been the ugly combination of an offensively high valuation and pitiful user growth. There are other issues to be sure, and I’ll touch on those a little later, but for now, I just want readers to hone in.
Continue reading at investorplace.com
— Jeff Macke (@JeffMacke) February 11, 2016
Chart Reading the SPY ETF
SPY support in the $182 area held, again… Another doji candlestick equals indecision.
(click the chart for a full view)
Technical Analysis | Charts of Interest
$TWITER on finviz.com
#TWTR stock price has reached all-time lows? Is it a bargain? Smart trading says to wait. The stock price is $14 for a reason.
(click the chart for a full view)
Stocks to Trade 2-12-16
Short-Term Trading Momentum:
Positive the last 20 and 5 trading days | closed 2% higher from the open: CTL, AKAM, NLSN, O, CTL
Negative last 20 and 5 trading days | closed 2% lower from the open: wrk, fslr, endp, wnr, teva, dfs, bx, c, ba, mplx, pru, lnc, scty, myl
Quarterly Order Flow:
Bullish Stocks to Trade: AEM, K, CAM, XOM, CHRW, FAST, PM, MMM, NEE, DUK, KORS, PG, TSN
Bearish Stocks to Trade: lnc, pru, incy, ba, c, bx, dfs, teva, wnr, uri, apc, met, gs, jpm, gnc, hcp, aig, hcn, len, tso, mpc, utx, vtr, amt, fdx, stj, vrtx, avgo, nflx, ctsh, lly, axp, ibm, dvn, hfc, tif, ea, cop, aapl, ccl, gild, wdc, crm, vlo, dis, lnkd, amzn, twx, tsla
20 Day Breakdown: myl, lnc, pru, ba, c, dfs, teva, endp, met, gs, jpm, pnc, aig, hcn, vtr, splk, psx, swks, lrcx
20 Day Breakout: CTL, AEM, O, K, AKAM
2x Normal Volume: C, JPM, BA, MYL, INCY, TSLA, SKX, EXPE, HCP, GS, PRU, PXD, AEM, VTR, AKAM, HCN, K, LNC, PNC
Inside days: twx, lng, lnkd, ppl, mjn, nee, d, cah, cvc, ed, amba