NYSE & Nasdaq

I am starting this thread on the NYSE & NASDAQ equities markets. I trade/invest in both using fundamental, technical and quantitative analysis and thought that it would be a great idea to start a thread where interesting ideas are posted. I will personally post when ever I get the time. I also hope that as the thread grows, meaningful discussions take place for the benefit of all readers.

Discussing theories with other people, especially if you have to explain them first, is extremely useful in helping you develop your own understanding. Trying to teach somebody else what you know is a great way of finding out exactly what you know, and what you don’t!

P.S. I use www.freestockcharts.com for my charts displayed.

S&P 500

This is FINVIZ heatmap, I use this to assess the market. It is especially helpful in identifying sentiment along with sectors in play.

Breakdown at a round number...classic setup in Starbucks

Another one of my setups for Monday, EBAY < 27.00

NVDA trade

JNJ possible breakout

EBAY insideday breakout.

Longs: GG

Breakouts: ALTR>37.65, AET>38.50, ZOM>74.75, AXP>46.50, KO>69.75, COST>77.50, MCD>89.50, BBY>23.50, DPS>36.50 (HBO), TRV<48.50, WAG<34.00

Shorts: JNJ, COH, ALTR, WFC, JPM

Notes:

MCD about to make new 52 week highs.

SPY key level to watch is 116.50

GLD the gold ETF got hit on ultra high volume to the downside.

EUR/USD still choppy, possibly forming a cup and handle pattern with 1.4500 being the key level.

JNJ short.

Consolidation in SINA

MCD Long

GG long, the lower this opens today the more interested I will be. I want to see it push lower prior to me buying.

It will be very interesting to see how the market incorporates the news of the departure of S. Jobs. As evident from the chart, the QQQ (NASDAQ ETF) has broken down and since its highly dependant on the technology sector, a move in a market leading stock like AAPL could be critical to determining the upcoming move.

Longs: GG

Breakouts: UNH >46.00, AET>38.50, COST>77.50, KO>69.80, TRV<48.50, XOM>74.50

Shorts: C, ETN , AXP , BBY, CHK, SBUX, DD

Notes:

CocaCola
TRV Could breakdown due to weather news.
EUR/USD key level at 1.4500 - 1.4350, 3 inside days.
Jackson Hole Symposium
AAPL Steve Jobs Resignation

Here is an example of a textbook breakdown, the insurance idustry is weak today due to weather concerns in the US. This trade played out nicely, however, it isn't always this clean.

Goldcorp (GG) my only long idea coming into the day also played out perfectly. Again, things arean't always this clean.

Here are two charts of the SPY (S&P 500 ETF) and the QQQ (NASDAQ ETF), both are at decisive levels. The SPY is wedging here and the QQQ's just filled the gap from the 17th of August. Will be an interesting week.

COH breakout imminent, after 4 touches it should breakout, my target is the gapfill from August 5th and the 200 SMA at 57.

CHK an oil and gas company that hightly correlates with XOP ETF has provided us with an excellent setup, a breakout thats also a gap fill.