Picks of the Day January 3,2018

Back to the Racetrack!

If what we saw yesterday was only the aperitif, then investors’ appetite for 2018 has only begun to be whetted.

U.S. stocks rallied higher on the first day of the trading year, the NASDAQ closing for the first time ever above the 7,000 point level. Investors, yesterday, put their money where their mouth is, conveying their optimism that 2018 will bring with it further gains in the stock market.

The NASDAQ index, yesterday, saw support from the stocks of Apple (AAPL), Facebook (FB), Amazon (AMZN), and Google (GOOGL). The NASDAQ closed in April of last year above the 6,000 point level and above the 5,000 point level in 2015 – at which point it had succeeded in recovering fully from the dot-com crisis which had struck at the beginning of the millennium. The tech sector (XLK) soared 1.4% yesterday, after having surged 37% in 2017, crowing the sector as the best-performing on the S&P 500 on the year.

The S&P 500 likewise recorded a new historic on the first day of the trading year. Besides tech stocks, health, energy and the materials sectors each tacked on over 1%.

The large stock indexes closed the year, 2017, with their best performance since 2013. Many investors are saying that the stock rally is likely to continue this year when considering the successful passage of the tax bill which is expected to boost Wall Street firms’ profitability and stimulate the economy.

Daily Summary: The Dow Jones rose 0.42%, the S&P 500 tacking on 0.83%, the NASDAQ jumping 1.5%.

The stocks that stood out in yesterday’s trading included JCP, JWN, and KSS, which all climbed after Citigroup analysts gave the retail sector as a whole a bullish recommendation. The analysts noted the benefit the sector will accrue from the corporate tax cut.

Energy stocks rallied higher, despite the drop in the price of crude. Crude is trading at the high levels prices reached in 2015 against the backdrop of protests against the Iranian government and the ongoing production cut on the part of OPEC and Russia. The energy sector (XLE) soared 1.8% on the day.

The casino homes, WYNN and MLCO, fell after a report that pointed to a smaller than expected rise in casino revenues in Macau in December.

ABT soared 3%, recording another historic high, after receiving an upgrade from two different brokers.

About 6.7 billion shares traded hands on U.S. exchanges, compared to the 6.3 billion average over the last 20 trading days.

Wednesday: Despite this week seeing shortened trading of only 4 days, it’s far from “scot-free” when it comes to significant macro figures. The week’s focal point will be the official December employment report which will be released this Friday. Before that, though, investors will hone their sights on the minutes from the last Fed meeting that took place in December. The minutes are expected to provide important insight into the Fed’s take on inflation and interest rates.

The minutes will be released at 14:00 N.Y. time and are expected to cause volatility in today’s trading. Before that, throughout the morning, car sales numbers will be released – which are likely to affect movement in stocks like GM, F, and TSLA. The Supply Managers’ index for the industrial sector will be released at 10:00, along with infrastructure spending numbers – at the same hour.

Index Last

Daily change

DJX 24,824 0.42% Up
SPX 2,696 0.83% Up
NASDAQ 7,007 1.5% Up

Hot Stocks: MGI, TTPH

IPOs: None

Have a great trading day!



Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 9:45 PMI Manufacturing Index 55 Medium
Wednesday 10:00 ISM Mfg Index 58.0  High
Wednesday 10:00 Construction Spending 0.6 % Medium
Wednesday 14:00 FOMC Minutes High
Thursday 8:15 ADP Employment Report 185,000 Medium
Thursday 8:30 Jobless Claims 240 K Medium
Thursday 9:45 PMI Services Index 52.4 Medium
Thursday 11:00 Oil Inventories -4.6 M barrels Low
Friday 8:30 Nonfarm Payrolls 190,000 Medium
Friday 8:30 Unemployment Rate – Level 4.1 % High
Friday 8:30 Average Hourly Earnings 0.3 % High
Friday 10:00 Factory Orders 1.1 % High
Friday 10:00 ISM Non-Mfg Index 57.6 Medium


Earning Calendar


Symbol Company AM/PM Day
CMC Commercial Metals Company AM Wednesday
MON Monsanto Company AM Thursday
WBA Walgreens Boots Alliance, Inc. AM Thursday
PSMT PriceSmart, Inc. PM Thursday
CALM Cal-Maine Foods, Inc. AM Friday
STZ Constellation Brands, Inc. AM Friday



Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
PE 30.61   CENX VRSN
MTCH 32.87   EDIT  
JD 43.50   FSLR  
DISH 56.84   AABA  
WRK 64.87   SINA  
YY 123.50   BABA  
MMC   80.12 WB  


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%