March 13, 2018.

The NASDAQ succeeded in getting in a breath of fresh air yesterday but when push came to shove trading really played more into buying a few select individual stocks, rather than trying to the ride the wave of the other major indexes. The Dow Jones struggled, closed in the red, the S&P 500, despite opening positively, closing the gap at the opening and trading in negative territory.  

In the event, you bought into the shares of the large tech stocks like AAPL, AMZN, GOOGL and TSLA, and the shares of chipmakers like MU or NVDA, you made it big. There were still a number of pockets of exceptional strength like that seen in CASA and SRPT, but at the end of the day, the pickings were slim.   

Though there was good price movement yesterday and the indexes didn’t record a significant change from a technical perspective, it’s impossible not to wonder what will be the next market catalyst. There are no significant earnings reports on the roster, but the special congressional election today in Pennsylvania is expected to be seen as a referendum on President Trump. It’s the type of event that will enable computerized algorithmic program to respond in today’s trading – so we should be on the ready!  

As of now, the atmosphere on Wall Street is one of complacence – and we’ve seen good price movement. It’s the type of price movement that instills fear in investors about the prospect of missing out; a lot of times, this leads a tense market to become even tenses. A significant newsworthy event is needed to prompt significant movement and the elections today seem like just the candidate, so expect things to possibly pick up after today.

Tuesday’s: Besides today’s Pennsylvania elections, the Consumer Price Index will grab headlines. Consumer inflation is expected to rise by 0.2% compared to January when inflation picked up by 0.5%. Inflation is a key ingredient for the Fed, which will be convening next week and is expected to hike interest rates by a quarter of a percentage point, irrespective of inflation figures. At the same time, the market is tense about any figure “hotter” than the market consensus.   

It seems that the market is more sensitive to inflation figures than the employment figures that were released on Friday. It doesn’t matter how good the employment figures are, one thing is clear to all. The American economy is close to full employment. Inflation, though, is another beast. There are a lot of different opinions about the import of the latest economic figures. But as for inflation, either we are or are not on track to meet the Fed’s optimal rate.   

Besides the inflation figures at 8:30 N.Y. time, the NFIB small business optimism index will be released at 6:00. Earnings reports are expected from DKS, HDS, and DSW before opening.  

Index 

Last 

Daily change 

DJX 25,179 (0.62%) Down 
SPX 2,783 (0.13%) Down 
NASDAQ 7,588 0.36% Up 

 

Tuesday’s Hot Stocks: DKS, DSW, SFIX, TLYS, MYGN  

Have a great trading day! 

 

Economic Calendar 

 

DAY TIME (EST) Event Forecast Impact 
Tuesday 6:00 NFIB Small Business Optimism Index 107.1 Medium 
Tuesday 8:30 Consumer Price Index 0.2 % Medium 
Wednesday 8:30 PPI-FD 0.2 % Medium 
Wednesday 8:30 Retail Sales 0.4 % Medium 
Wednesday 10:00 Business Inventories 0.5 % Medium 
Wednesday 10:30 Oil Inventories 2.4 M barrels Low 
Thursday 8:30 Jobless Claims 230 K Medium 
Thursday 8:30 Philadelphia Fed Business Outlook Survey 23.3  Medium 
Thursday 8:30 Empire State Mfg Survey 14.6  Medium 
Thursday 8:30 Import and Export Prices 0.3 %/ 0.3% Medium 
Thursday 10:00 Housing Market Index 72 Medium 
Friday  Quadruple Witching   
Friday 8:30 Housing Starts 1.284 M Medium 
Friday 9:15 Industrial Production 0.3 % Medium 
Friday 10:00 Consumer Sentiment 98.5 High 
Friday 10:00 JOLTS 5.800 M Medium 

 

Earning Calendar 

 

Symbol Company AM/PM Day 
QD Qudian Inc. AM Monday 
WUBA 58.com Inc. AM Monday 
GBT Global Blood Therapeutics Inc. PM Monday 
COUP Coupa Software Incorporated PM Monday 
DKS Dick’s Sporting Goods, Inc. AM Tuesday 
GDS GDS Holdings Limited AM Tuesday 
SIG Signet Jewelers Limited AM Wednesday 
WSM Williams-Sonoma, Inc. PM Wednesday 
YRD Yirendai Ltd. PM Wednesday 
JUNO Juno Therapeutics, Inc. PM Wednesday 
CTRP Ctrip.com International, Ltd. PM Wednesday 
BITA Bitauto Holdings Limited AM Thursday 
DG Dollar General Corporation AM Thursday 
JBL Jabil Inc. PM Thursday 
ULTA Ulta Beauty, Inc. PM Thursday 
AVGO Broadcom Limited PM Thursday 
TIF Tiffany & Co. AM Friday 

 

 

Today’s Picks – Day Trading! 

Symbol Breakout Breakdown Momentum Momentum 
TAL 39.28  CASA RDN 
TWTR 35.84  NETE AXTA 
MOMO 38  MU NAV 
SKT  21.14 ZYNE DECK 
   XCRA  
   ESPR  
   AVA  

 

New York Strategy Swing 

# Date Stock Long\ 

Short 

Status Data Close Profit\ 

Loss 

1 3.1.2018 VOYA Long Close 8.1.2017 +0.67% 
2 4.1.2018 TER Long Close 10.1.2017 +0.45% 
3 9.1.2018 SCG Long Close 10.1.2017 -3.35% 
4 11.1.2018 CREE Long Close 16.1.2018 +1.84% 
5 11.1.2018 CF Long Close 16.1.2018 +1.66% 
6 18.1.2018 MARK Long Close 22.1.2018 -0.67% 
7 1.2.2018 SM Long Close 2.2.2018 -1.06% 
8 14.2.2018 HOLX Short Close 15.2.2018 -2.7% 
9 26.2.2018 FOSL Long Close 9.3.2018 -1.47% 
10 28.2.2018 APA Short Close 2.3.2018 -0.87% 
11 5.3.2018 AKAM Long Open  +4.51% 
12 5.3.2018 FOX Long Open  +2.80% 
13 12.3.2018 CBG Long Open  -0.31% 

 

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

 No.1  – BOX

Company Name   Box, Inc
Entry Point 20.65 
Stop Area 21.18 
1st Target 20.15 
Swing Target 17.53 
Avg. Volume 2.01M 
Sector Technology | Application Software 
Earning Date  
Risk Rate Normal 
Risk\Reward Ratio 5.89:1 


No.2 – TAL

Company Name TAL Education Group 
Entry Point 39.28 
Stop Area 37.45 
1st Target 40.30 
Swing Target  
Avg. Volume 5.69M 
Sector Services | Rental & Leasing Services 
Earning Date  
Risk Rate High 
Risk\Reward Ratio  

 No.1 –TALNo.2 – BOX