February 2, 2018.

After new and extreme highs on market indexes last Friday, price movement changed directions and continued in similar fashion yesterday. Every day over the last week brought with it significant downward movement, something that we hadn’t seen pretty much since the beginning of the year. The computerized algorithms work in both directions – which is causing a certain level of frustration for market players who have gotten used to unidirectional movement.

The volatility is expected to continue as the market digests a large number of events and figures. Amazon (AMZN) surged 6.27% after releasing beautiful numbers after closing, while Google (GOOGL) and Amgen (AMGN) traded off in late trading. Apple (AAPL) also provided the goods as usual – and investors pushed the stock up after closing by 3.44% on the heels of its solid earnings report.

At the same time, it’s not the initial reaction to reports that will be important – or even the news itself – but rather, whether market players still have the desire to pay high prices for stocks which on the charts are becoming more and more stretched. There will be analysts who will claim that stocks are still cheap, but if you’re looking for smart entry points for stocks, you won’t find them at these levels.

The most important event for the market today is the monthly employment report. The market is becoming more and more worried about the quick rise in governmental bond yields. The ETF tracking governmental bonds spanning 7-10 years, the IEF, is traded at its lowest level since 2014, and a strong employment report today will cause even greater concern that inflation is becoming something that deserves our attention. The good news is that inflation is on the uptick. The bad news – for some market players – is the movement in both directions.



Daily change

DJX 26,149 0.14% Up
SPX 2,824 (0.07%) Down
NASDAQ 7,411 (0.35%) Down

Daily Summary: The Dow Jones rose 0.14%, and the S&P 500 shed 0.07%. The NASDAQ ended off 0.35%.

Friday’s Hot Stocks: AAPL, AMZN, GOOGL, AMGN, MAT


Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 9:00 S&P Corelogic Case-Shiller 0.6 % Medium
Tuesday 10:00 Consumer Confidence 123.4 High
Wednesday 8:15 ADP Employment Report 195,000 High
Wednesday 9:45 Chicago PMI 64.0 Medium
Wednesday 10:00 Pending Home Sales Index 0.4 % Medium
Wednesday 10:30 Oil Inventories -1.1 M barrels Low
Wednesday 14:00 FOMC Meeting Announcement 1.375 % High
Thursday 8:30 Jobless Claims 235 K Medium
Thursday 9:45 PMI Manufacturing Index 55.5 Medium
Thursday 10:00 ISM Mfg Index 58.7 High
Thursday 10:00 Construction Spending 0.5 % Medium
Friday 8:30 Nonfarm Payrolls 176,000  High
Friday 8:30 Unemployment Rate 4.1 % High
Friday 8:30 Average Hourly Earnings 0.3% High
Friday 10:00 Consumer Sentiment 95.0  High
Friday 10:00 Factory Orders 1.5 % Medium



Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
      NKTR ES
      SWKS HSY



New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 6.12.2017 SPLK Long Close 8.12.2017 +1.51%
2 11.12.2017 NKTR Long Close 2.1.2017 +4.57%
3 18.12.2017 SYY Long Close 19.12.2017 +0.14%
4 3.1.2018 VOYA Long Close 8.1.2017 +0.67%
5 4.1.2018 TER Long Close 10.1.2017 +0.45%
6 9.1.2018 SCG Long Close 10.1.2017 -3.35%
7 11.1.2018 CREE Long Close 16.1.2018 +1.84%
8 11.1.2018 CF Long Close 16.1.2018 +1.66%
9 18.1.2018 MARK Long Close 22.1.2018 -0.67%
10 1.2.018 SM Long Open   +1.27%


Today’s Picks – Swing “New-York Strategy”

No.1 – KNX

Company Name Knight-Swift Transportation Holdings
Entry Point 50
Stop Area 48.85
1st Target 50.70
Swing Target 51.94
Avg. Volume 2.08M
Sector Services | Trucking
Earning Date
Risk Rate Normal
Risk\Reward Ratio 1.69:1