January 30,2018.

Apple’s X Factor

Is Apple losing its X-factor? Apple (AAPL) fell on Monday after the Japanese newspaper, Nikkei, reported that the iPhone maker would be halving production because of weak sales. The market’s response was not slow in coming. At one point in the day, AAPL shed 2.6% of its value, and traded at the $167.07 level. The stock succeeded in recovering slightly towards the end of the day, but it seems that traders’ are full of nervous anxiety in advance of the company’s report come Thursday.

Also in the tech sector, AMD rallied higher by over 2% after MKM Partners shared that the demand in the digital currency market for its products will fuel a strong 4th quarter. AMD’s main competitor, NVIDIA (NVDA) also recorded nice gains on the day.

On the heels of the fall in Apple, the market fell as well. At the bottom edge of the day, the S&P 500 and the NASDAQ traded off 0.7%. We’re not in disaster zone at the present time.

Daily Summary: The Dow Jones fell 0.67%, the S&P 500 also shedding 0.67%. The NASDAQ retreated 0.52%.

The earnings season work is playing perfectly into the market’s hand! As of now, 76% of the companies that have reported have beaten their earnings forecasts, and 81% have outstripped revenue forecasts. These 2 figures are substantially above the long-term historic average. In effect, in the event the 81% figure holds water until the end of the quarter, it would be the best reading since Q2 2011, when the figure stood at 72%.

Revenue growth now stands at 12%, each and every sector recording growth. Back in December, analysts had expected growth of 11%.

Another stock standing out in yesterday’s trading was the casino house, WYNN, which was slashed 6.6% after the company reported that it was establishing an investigative committee into the alleged sexual harassment on the part of company CEO, Steve Wynn.

Tuesday: The Federal Reserve will be convening today for its period 2-day policy meeting, in what stands to be the last meeting in which Janet Yellen will be presiding as Fed Chair. At the end of the month, she will pass the reins to incoming Fed Chair, Jerome Powell. The Fed meeting will conclude of Wednesday with a policy announcement at 14:00 N.Y. time. Yellen’s last day in the role will be this Friday.

Yellen will be leaving the Fed after presiding as Fed Chair for 4 years, and in this period, she spearheaded a gradual process of interest rate normalization, while lowering the balance on the Fed’s books. The central bank is not expected to make any monetary policy move this week – and investors are expecting the next rate hike to be executed in the Fed’s March meeting. All-in-all, the Fed expects to hike rates three times this year.

Index Last

Daily change

DJX 26,439 (0.67%) Down
SPX 2,854 (0.67%) Down
NASDAQ 7,467 (0.52%) Down

Tuesday’s Hot Stocks: MET, MCD, TROW

IPOs: None

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
NTCT   25.75   WYNN
O   52.60   DLR


New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 3.11.2017 AKAM Long Close 8.11.2017 +1.37%
2 10.11.2017 JUNO Long Close 14.11.2017 +1.26%
3 16.11.2017 FLR Long Close 25.11.2017 +2.16%
4 6.12.2017 SPLK Long Close 8.12.2017 +1.51%
5 11.12.2017 NKTR Long Close 2.1.2017 +4.57%
6 18.12.2017 SYY Long Close 19.12.2017 +0.14%
7 3.1.2018 VOYA Long Close 8.1.2017 +0.67%
8 4.1.2018 TER Long Close 10.1.2017 +0.45%
9 9.1.2018 SCG Long Close 10.1.2017 -3.35%
10 11.1.2018 CREE Long Close 16.1.2018 +1.84%
11 11.1.2018 CF Long Close 16.1.2018 +1.66%
12 18.1.2018 MARK Long Close 22.1.2018 -0.67%