It was a calm trading day on Wall Street but it was just what the market needed after 7 days of wild movement. Yesterday, we saw the narrowest trading range since February 1, but the question now is whether we’ve seen the last gale or rather, we’re headed now for the eye of the storm.

The bears will say that higher interest rates are just the beginning and that very shortly we’ll see the latest bottom tested. The bulls, on their part, will claim that the last price correction was necessary and even desirable, and that the economy and fundamentals remained unchanged.

On a technical level, the indexes advanced rapidly over the last few days, and a retreat – to a certain extent – would make sense, but this is a market that has proved over the last few years that it tends more to experience a “V” shaped recovery rather than a more traditional retest, only to be followed up thereafter by upward momentum.

In our estimate, despite the calm movement yesterday, the volatility is here to stay for the near future. It won’t be wild to the extent that it was over the last 9 trading days, but relatively speaking, we’re going to be seeing larger trading ranges and the movement will be more random and less predictable.

The Consumer Price Index (CPI) figures will be released today before opening at 8:30 N.Y. time and will command a lot of attention. The market didn’t pay these figures much heed over the last few months seeing that inflation wasn’t weighing on players’ minds, but if we see robust inflation numbers today, we’re going to see significant movement.

Even in the event that most of the price correction is behind us, trading has indeed changed – which, to ensure success, mandates a different trading style than traders had acclimated to over the last few weeks. It’s hard to believe that we’ll return to the same movement pattern that we saw in January, when the market traded up on a beeline, uninterrupted.

Index Last

Daily change

DJX 24,640 0.16% Up
SPX 2,663 0.26% Up
NASDAQ 7,014 0.45% Up

, mandates a different trading style than traders had acclimated to over the last few weeks. It’s hard to believe that we’ll return to the same movement pattern that we saw in January, when the market traded up on a beeline, uninterrupted.

Daily Summary: The Dow Jones rose 0.16%, the S&P 500 tacking on 0.26%. The NASDAQ tacked on 0.45%.


IPOs: None

Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 6:00 NFIB Small Business Optimism Index 105.8 Medium
Wednesday 8:30 Consumer Price Index 0.3 %   High
Wednesday 8:30 Retail Sales 0.3 %   Medium
Wednesday 10:00 Business Inventories 0.2 %   Medium
Wednesday 10:30 Oil Inventories 1.9 M barrels Low
Thursday 8:30 Jobless Claims 229 K Medium
Thursday 8:30 Philadelphia Fed Business Outlook Survey 21.5 Medium
Thursday 8:30 PPI 0.4 % High
Thursday 8:30 Empire State Mfg Survey 17.5 Medium
Thursday 9:15 Industrial Production 0.2 % Medium
Thursday 10:00 Housing Market Index 72 Medium
Friday 8:30 Housing Starts 1.230 M Medium
Friday 8:30 Import and Export Prices 0.6 % Medium
Friday 10:00 Consumer Sentiment 95.5 High


Earning Calendar


Symbol Company AM/PM Day
PEP Pepsico, Inc. AM Tuesday
TRU TransUnion AM Tuesday
BIDU Baidu, Inc. PM Tuesday
DVA DaVita Inc. PM Tuesday
FANG Diamondback Energy, Inc. PM Tuesday
MET MetLife, Inc. PM Tuesday
OXY Occidental Petroleum Corporation PM Tuesday
BG Bunge Limited AM Wednesday
DPS Dr Pepper Snapple Group, Inc. AM Wednesday
TAP Molson Coors Brewing Company AM Wednesday
WYN Wyndham Worldwide Corporation AM Wednesday
A Agilent Technologies, Inc. PM Wednesday
ABX Barrick Gold Corporation PM Wednesday
AEM Agnico Eagle Mines Limited PM Wednesday
AMAT Applied Materials, Inc. PM Wednesday
CSCO Cisco Systems, Inc. PM Wednesday
MAR Marriott International, Inc. PM Wednesday
MRO Marathon Oil Corporation PM Wednesday
NTAP NetApp, Inc. PM Wednesday
WMB The Williams Companies, Inc. PM Wednesday
PRGO Perrigo Company plc AM Thursday
SHOP Shopify Inc. AM Thursday
TRP TransCanada Corporation AM Thursday
WM Waste Management, Inc. AM Thursday
YNDX Yandex N.V. AM Thursday
ZTS Zoetis Inc. AM Thursday
ANDV Andeavor PM Thursday
ANET Arista Networks, Inc. PM Thursday
CBS CBS Corporation PM Thursday
DLR Digital Realty Trust, Inc. PM Thursday
LBTYA Liberty Global plc PM Thursday
CPB Campbell Soup Company AM Friday
DE Deere & Company AM Friday
KHC The Kraft Heinz Company AM Friday
KO The Coca-Cola Company AM Friday
SJM The J. M. Smucker Company AM Friday
TRGP Targa Resources Corp. AM Friday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
LPX 31.07   TWTR KMX
TPR 50.71   MTCH  
OKTA 31.80   TRIP  
VFC 83      
BW 6.68      


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 Close 2.2.2018 -1.06%


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

 No.1 –  HOLX

Company Name Hologic
Entry Point 37.60
Stop Area 38.70
1st Target 37.10
Swing Target 35.33
Avg. Volume 2.83M
Earning Date
Risk Rate Normal
Risk\Reward Ratio 2.06:1

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