Stocks for November 14th
We are still basing below the 200-day on the S&P's, but holding the 50% retracement. If we can't hold 1370 I think 1350 is in the cards sooner than we think. We have a high probability of making a large move Wednesday or Thursday, as volatility has been sucking the life out of traders. Keep trades precise, as adding to the dips has not proved to be very prudent this week. One thing to note, SPY's inside day yesterday was followed by a momentum hammer to the downside -- this could prove VERY bad for the end of the week if 137.30 can't hold tomorrow! (See the SPY DOW THEORY link)
STOCKS TO WATCH - XME METALS (LEADING INDICATOR), AAPL, NFLX, YHOO, DIS
Tuesday's Winners:
S&P Futures took a beating Monday night, and a gap-fill quickly relinquished any doubt for the day. NFLX, YHOO, SRPT, and ADT were all winners from our watch list the night before. SPY had a terrible close, giving back all gains. Long story short, until we pick a direction -- KEEP YOUR PROFITS!
Check below for some more charts, happy trading.
S&P Futures took a beating Monday night, and a gap-fill quickly relinquished any doubt for the day. NFLX, YHOO, SRPT, and ADT were all winners from our watch list the night before. SPY had a terrible close, giving back all gains. Long story short, until we pick a direction -- KEEP YOUR PROFITS!
Check below for some more charts, happy trading.