Picks of the day December 26, 2017.

Last Week of 2017

Stocks recorded very slight gains at the end of this past trading week and it seemed that come Friday, the market’s tank was near empty; investors essentially digested the massive tax reform before entering a long holiday weekend. It’s now the last week of the year and the market usually rises over the last few days of the year and the first few days of the incoming year – in what’s known as a Santa Claus rally.

Despite the fact that the market has already risen 20% in 2017, there are market strategists who are lifting their 2018 forecasts for the S&P 500 and for firm earnings, based on the tax cut signed into law by Donald Trump last Friday, along with the huge U.S. building and infrastructure stimulus package presumably just down the road. Take for example Credit Suisse analysts who raised their 2018 S&P 500 target to 3,000 points.

Trading this week is likely to be restrained, perhaps even featuring flat or sideways movement. Now, with the tax reform bill making it through both chambers of Congress and signed into law, the market will no longer benefit from a tailwind from Capitol Hill.

This coming week investors will focus on the Consumer Price Index on Tuesday, pending home sales on Wednesday and the Leading Indicators Index and initial unemployment claims on Thursday.

Index Last

Daily change

DJX 24,574 (0.11%) Down
SPX 2,683 (0.05%) Down
Nasdaq 6,960 (0.08%) Down

Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Wednesday 9:00 S&P Corelogic Case-Shiller HPI 0.6 % Medium
Wednesday 10:00 Consumer Confidence 128.0 High
Wednesday 10:00 Pending Home Sales Index 0.6 % Medium
Thursday 8:30 Jobless Claims 240 K Medium
Thursday 11:00 Oil Inventories 0.4 % Low
Friday 9:45 Chicago PMI 63.0 Medium


Today’s Picks – Day Trading

Symbol Breakout Breakdown Momentum Momentum
PUMP $20.50 LNG  
SYF $39.00 XPO  
K $68.29 WTW  
AA $50.31 APC  


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 Open   +3.08%
6 18.12.2017 SYY Long Close 19.12.2017 +0.14%



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

No.1 –   SKX

Company Name Skechers U.S.A.
Entry Point 38.80
Stop Area 36.95
1st Target 38.90
Swing Target
Avg. Volume 3.23M
Sector Consumer Goods | Textile – Apparel Footwear & Accessories
Earning Date
Risk Rate High
Risk\Reward Ratio