It Could Have Been Worse…

Stocks on Wall Street traded off on Thursday, after disappointing earnings numbers from retail chains, and first and foremost, Macy’s (M) and Kohl’s (KSS), ignited a sector-wide selloff in retail stocks, prompting concern that consumers are being too tight with their wallets to spur on the economy.

The dismal performance of Macy’s over Q1 sent the stock nosediving 17%, placing a damper on the whole consumer cyclical sector (XLY), which ended off 0.59%.

Kohl’s (KSS) fell 7.86% after reporting a quarterly sales decline, JWN and JCP each falling over 7%.

Traditional, brick and mortar retailers are taking a bigger hit than anybody expected. The weak retail sector earnings reports left investors on the edge of their seat in anticipation of today’s April retail sales numbers; they hope to glean signs as to whether consumers are simply shifting their purchasing habits to the digital arena or whether they’ve cut back on their purchases altogether.

Despite a sharp decline in indexes yesterday over the first 2 trading hours, the market managed to bottom and then, recover, closing near opening levels. In summary for the day, the Dow Jones ended off 0.11%, the S&P 500 and the NASDAQ each dropping 0.22%.

The main Wall Street indexes have traded of late in a narrow trading range, breaking out as recently as Wednesday to new historic highs. The S&P 500 has since gone up against March’s resistance level; a breakup above this level would have produced enduring, albeit measured technical movement that could have carried it to the 2,640 point level. The market’s current consolidation phase enables it to absorb its overbought levels without a loss of momentum.

The stock of Snapchat (SNAP) tumbled 21.45% after the company reported a downtick in both subscriber and sales growth in its first quarter as a publicly traded company.

On the S&P 500, 16 stocks rose to new 52-week highs, 9 dipping to new yearly lows; on the NASDAQ, 92 stocks recorded new 52-week highs, 65 falling to new yearly lows.

About 6.7 billion shares changed hands on U.S. exchanges, in keeping with the average over the last 20 trading days.

Friday: Today, investors will keep their eyes peeled for key reports on April’s retail chain sales figures, along with the Consumer Price Index. All of this will be at 8:30 N.Y. time. Then, at 10:00, the University of Michigan Consumer Confidence Index and business inventory figures will be released.

DJX 20,919 (-0.11%) Down
SPX 2,394 (-0.22%) Down 236.91 236.18 235.30 234.57 233.69
Nasdaq 6,116 (-0.22%) Down 132.73 132.39 132.04 131.70 131.35


Hot Stocks: JWN, ANF, CYBR, HAIN, FE


Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 10:00 JOLTS – Job Openings Medium
Tuesday 10:00 Wholesale Inventories Medium
Wednesday 8:30 Import Prices Medium
Wednesday 8:30 Export Prices Medium
Wednesday 10:30 Crude Oil Inventories Low
Wednesday 14:00 Treasury Budget Low
Thursday 8:30 PPI High
Thursday 8:30 Initial Claims High
Friday 8:30 CPI High
Friday 8:30 Retail Sales High
Friday 10:00 Mich Sentiment – Prelim High
Friday 10:00 Business Inventories Medium


Earning Calendar


Symbol Company AM/PM Day
TSN Tyson Foods, Inc. AM Monday
MAR Marriott International, Inc. PM Monday
HTZ Hertz Global Holdings, Inc. PM Monday
DISCA Discovery Communications, Inc. AM Tuesday
DF Dean Foods Company AM Tuesday
TSRO Tesaro, Inc. PM Tuesday
TRIP TripAdvisor, Inc. PM Tuesday
DIS The Walt Disney Company PM Tuesday
EA Electronic Arts Inc. PM Tuesday
BID Sotheby’s AM Wednesday
MYL Mylan N.V. AM Wednesday
NCLH Norwegian Cruise Line Holdings Ltd. AM Wednesday
SODA SodaStream International Ltd. AM Wednesday
VMC Vulcan Materials Company AM Wednesday
SNAP Snap Inc. PM Wednesday
FOXA Twenty-First Century Fox, Inc. PM Wednesday
KSS Kohl’s Corporation AM Thursday
TEVA Teva Pharmaceutical Industries Limited AM Thursday
M Macy’s, Inc. AM Thursday
JWN Nordstrom, Inc. PM Thursday
CYBR CyberArk Software Ltd. PM Thursday
JCP J. C. Penney Company, Inc. AM Friday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum


New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 3.4.2017 ARNC Long Close 31.3.2017 -2.52%
2 3.4.2017 GME Short Close 10.4.2017 +1.95%
3 5.4.2017 IPXL Long Close 11.4.2017 +7.03%
4 13.4.2017 NKTR Long Close 21.4.2017 +0.61%
5 25.4.2017 LULU Short Close 2.5.2017 -0.17%
6 26.4.2017 GNC Long Close 28.4.2017 -4.39%
7 28.4.2017 CARA Long Close 1.5.2017 -3.23%
8 1.5.2017 AAOI Long Close 2.5.2017 +0.54%
9 3.5.2017 SCSS Long Close 9.5.2017 -1.71%
10 4.5.2017 CRZO Short Close 5.5.2017 +0.30%
11 8.5.2017 WTW Long Open   +6.10%