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.  



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 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 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 


New York Strategy Swing 

#  Date  Stock  Long\ 


Status  Data Close  Profit\ 


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