March 1, 2018.

A sell-off at the end of the day led Wall Street sharply down on Wednesday, stock indexes dragged down by ongoing rate hike concerns. The Dow Jones and the S&P 500, in so doing, capped off their worst month since 2016. Furthermore, the S&P 500 cut a streak of 10 winning months, which was its longest winning streak since its 11-month rally between March 1958 and January 1959.

The indexes’ declines yesterday represented the conclusion of a month marked by jumps in volatility and fear that a rise in inflation could lead the Fed to increase its rate hike pace. The weakness at the end of the day was expressive of investors’ skepticism. We’ll always prefer to see strength in the last trading hour.

Energy stocks (XLE) fell against the backdrop of declines in crude which led the energy sector to be the worst-performing sector yesterday on the S&P 500. A breakdown of the 50-period EMA prompted further selling in the afternoon, the computerized algorithmic programs again responding to the technical breakdown that sparked market selling.

Daily Summary: The blue chip Dow fell 1.50%, the S&P 500 dropping 1.11%. The NASDAQ slipped 0.78%.

In summary for the month, the Dow Jones shed 4.3%. In February, the S&P 500 shed 3.9%, the NASDAQ settling for losses of 1.9%.

After a difficult February, stocks are entering the period which usually produces the best 2 months of the year. Historically, February is the third worst performing month for the S&P 500. Stocks are likely to recover in March but the challenge is the continued volatility revolving rising rates and inflationary concerns. The Federal Reserve is expected later in the month on March 21st to hike rates and release a new forecast for both inflation and rate hikes. The latter part of the forecast should signal whether this year’s hikes will come sooner than currently expected.

Historically, stocks have recorded gains in March two-thirds of the time; in April, the batting percentage was even higher, the market recording gains 69% of the time. Since the beginning of the bull market which began in 2009, on average the gains in March stood at a little less than 3%, double the long-term mean gains for March, i.e. 1.5% since 1983.

Traders are eyeing the 2,700 point level on the S&P 500. If we see this level broken down, many investors will lose the confidence they need to buy the correction. In the event the 2,700 point level falls to the bears, things could get messy – the market possibly testing February’s bottom at the 2,535 point level. What we would get then is a W pattern, not a V pattern.

Index Last

Daily change

DJX 25,029 (1.50%) Down
SPX 2,714 (1.11%) Down
NASDAQ 7,273 (0.78%) Down


Thursday’s Hot Stocks: BOX, MNST, DDD, LB, BID, KSS, BBY

IPOs: None

Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Wednesday 8:30 GDP 2.5 % High
Wednesday 9:45 Chicago PMI 65.0 Medium
Wednesday 10:00 Pending Home Sales Index 0.5 % Medium
Wednesday 10:30 Oil Inventories -1.6 M barrels Low
Thursday 8:30 Jobless Claims 230 K Medium
Thursday 8:30 Personal Income and Outlays 0.3 % Medium
Thursday 9:45 PMI Manufacturing Index 55.7 Medium
Thursday 10:00 ISM Mfg Index 58.6 High
Thursday 10:00 Construction Spending 0.3 % Medium
Thursday 10:00 Jerome Powell Speaks High
Thursday 11:00 William Dudley Speaks Medium
Friday 10:00 Consumer Sentiment 99.5 High



Earning Calendar


Symbol Company AM/PM Day
PANW Palo Alto Networks, Inc. PM Monday
SBAC SBA Communications Corporation PM Monday
BRK-A Berkshire Hathaway Inc. PM Monday
CLVS Clovis Oncology, Inc. PM Monday
IONS Ionis Pharmaceuticals, Inc. AM Tuesday
EV Eaton Vance Corp. AM Tuesday
DISCA Discovery Communications, Inc. AM Tuesday
M Macy’s, Inc. AM Tuesday
LAMR Lamar Advertising Company (REIT) AM Tuesday
TOL Toll Brothers, Inc. AM Tuesday
SERV ServiceMaster Global Holdings, Inc. AM Tuesday
AZO AutoZone, Inc. AM Tuesday
AMT American Tower Corporation (REIT) AM Tuesday
PRGO Perrigo Company plc AM Tuesday
ALB Albemarle Corporation PM Tuesday
SQ Square, Inc. PM Tuesday
EOG EOG Resources, Inc. PM Tuesday
WDAY Workday, Inc. PM Tuesday
ESRX Express Scripts Holding Company PM Tuesday
PCLN Booking Holdings Inc. PM Tuesday
BUFF Blue Buffalo Pet Products, Inc. PM Tuesday
JAZZ Jazz Pharmaceuticals Public Limited Company PM Tuesday
VEEV Veeva Systems Inc. PM Tuesday
DXCM DexCom, Inc. PM Tuesday
ACAD ACADIA Pharmaceuticals Inc. PM Tuesday
EVHC Envision Healthcare Corporation PM Tuesday
WTW Weight Watchers International, Inc. PM Tuesday
TSRO Tesaro, Inc. PM Tuesday
RRC Range Resources Corporation PM Tuesday
ETSY Etsy, Inc. PM Tuesday
TDOC Teladoc, Inc. PM Tuesday
HZNP Horizon Pharma Public Limited Company AM Wednesday
DY Dycom Industries, Inc. AM Wednesday
VRX Valeant Pharmaceuticals International, Inc. AM Wednesday
LOW Lowe’s Companies, Inc. AM Wednesday
TJX The TJX Companies, Inc. AM Wednesday
ADI Analog Devices, Inc. AM Wednesday
MYL Mylan N.V. PM Wednesday
MNST Monster Beverage Corporation PM Wednesday
LB L Brands, Inc. PM Wednesday
CRM, inc. PM Wednesday
BLUE bluebird bio, Inc. PM Wednesday
BOX Box, Inc. PM Wednesday
BID Sotheby’s AM Thursday
KSS Kohl’s Corporation AM Thursday
BBY Best Buy Co., Inc. AM Thursday
VMW VMware, Inc. PM Thursday
NKTR Nektar Therapeutics PM Thursday
GPS The Gap, Inc. PM Thursday
SPLK Splunk Inc. PM Thursday
JWN Nordstrom, Inc. PM Thursday
NTNX Nutanix, Inc. PM Thursday
SRPT Sarepta Therapeutics, Inc. PM Thursday
PSTG Pure Storage, Inc. PM Thursday
FL Foot Locker, Inc. AM Friday
JD, Inc. AM Friday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
WMB   27.50 HLF CELG
GT   28.81 TAL VRX
DVN   30   ALB



New York Strategy Swing

# Date Stock Long\


Status 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 1.2.2018 SM Long Close 2.2.2018 -1.06%
11 14.2.2018 HOLX Short Close 15.2.2018 -2.7%
12 26.2.2018 FOSL Long Open   +0.11%
13 28.2.2018 APA Short Open   +0.96%


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

No.1 –   MOMO

Company Name Momo 
Entry Point 33.52
Stop Area 32.45
1st Target 34.30
Swing Target 36
Avg. Volume 5.79M
Sector Technology | Internet Software & Services
Earning Date
Risk Rate High
Risk\Reward Ratio 2.32:1

Risk Rates: Normal – Regular size, High –Consider reducing size, Low – Consider increasing size