SS Game Plan 11/16/16

Big Picture 16-Nov-2016

SPY caught a bid again closing above 218 for first time in 2 months. 216.50-217 looks like good support. IWM continues to consolidate just below ATH. Oil had strong bounce from 42.70 support area failing above 46.

Fresh News

stock	support	resistance	inflexion	notes	trading plan
tgt	75, 76	77.25, 78.5prmkt		crushed EPS. multi-month high.
low	65-65.50	68		miss and lower guidance.
fb	110, 113	116		another bug in ad metrics
ctrp	40-40.35	41-41.35		new ceo

Second day plays, Technical setups and Trading ideas

stock	support	resistance	inflexion	notes	trading plan
twlo	34-34.25	37		1st large green day in almost 2 months
dks	54.5, 55.50	57, 58		sold all day to lt support then 2pt bounce
aapl	105.50-106	107.50		failed twice at 107.50