Picks of the Day January 5,2018.

Perfect Record for the Bulls!

Wall Street opened the year strongly; the S&P 500 closed above the 2,700 point level for the first time ever on Wednesday, the NASDAQ trading past the 7,000 point level a day earlier. Both indexes recorded additional highs yesterday.The Dow Jones broke up the 25,000 point level for the first time ever on Thursday, while the other large stock indexes hit additional closing highs, supported by strong global economic figures that have stretched the winning streak on the American stock exchange year-to-date.

Strong manufacturing and service sector figures from the world’s biggest economies set the tone on Wall Street on Thursday, while other figures showed that the private employment sector in the U.S. took a step forward, registering more hires last month. Today brings with it the official December employment report.

Daily Summary: The Dow Jones rose 0.61%, the S&P 500 advancing 0.4%. The NASDAQ tacked up 0.18%.

Financial stocks paved the way on Thursday, Wells Fargo (WFC) rising 1.3%, J.P. Morgan (JPM) jumping 1.4%. Goldman Sachs (GS) rose 1.4%. The gains came against the backdrop of Credit Suisse’s upgrade of 6 banks. Goldman Sachs also expressed optimism about the banking sector. S&P 500 are expected shortly to start releasing their Q4 results, J.P. Morgan (JPM) up this coming week.

One of the stocks that stood out in yesterday’s trading was Macy’s (M) which fell 3.3% after reporting only moderate holiday sales growth, while announcing that it would be closing stores and firing thousands of workers this year. Other department stores also fell substantially yesterday.

Intel (INTC) continued falling, shedding another 1.8% yesterday, investors now concerned about the company’s financial responsibility in light of the large security flaw that affects 90% of the world’s computers. Its competitor, AMD, soared 4.9%.

Trading volumes fell despite many a storm – and frigid weather – which led to ongoing power outages and transportation problems in the North East. About 7.0 billion shares changed hands on U.S. exchanges, compared to the 6.3 billion average over the last 20 trading days.

Index

Last

Daily change

DJX25,0750.61%Up
SPX2,7240.40%Up
NASDAQ7,0780.18%Up

Friday’s Hot Stocks: INTC, SONC, CNET, PSTM, CALM, STZ

 

Economic Calendar

 

DAYTIME (EST)EventForecastImpact
Wednesday10:00ISM Mfg Index58.0High
Wednesday10:00Construction Spending0.6 %Medium
Wednesday14:00FOMC MinutesHigh
Thursday8:15ADP Employment Report185,000Medium
Thursday8:30Jobless Claims240 KMedium
Thursday9:45PMI Services Index52.4Medium
Thursday11:00Oil Inventories-4.6 M barrelsLow
Friday8:30Nonfarm Payrolls190,000 Medium
Friday8:30Unemployment Rate – Level4.1 %High
Friday8:30Average Hourly Earnings0.3 %High
Friday10:00Factory Orders1.1 %High
Friday10:00ISM Non-Mfg Index57.6 Medium
 

 

Earning Calendar

 

SymbolCompanyAM/PMDay
CMCCommercial Metals CompanyAMWednesday
MONMonsanto CompanyAMThursday
WBAWalgreens Boots Alliance, Inc.AMThursday
PSMTPriceSmart, Inc.PMThursday
CALMCal-Maine Foods, Inc.AMFriday
STZConstellation Brands, Inc.AMFriday

 

Today’s Picks – Day Trading!

SymbolBreakoutBreakdownMomentumMomentum
DLPH57.25 CNETESIO
ICE73 OMFVTR
LULU80.27 DLPHPLD
ROST81.50 XNETM
   VNTV 

 

New York Strategy Swing

#DateStockLong\

Short

StatuesData CloseProfit\

Loss

13.11.2017AKAMLongClose8.11.2017+1.37%
210.11.2017JUNOLongClose14.11.2017+1.26%
316.11.2017FLRLongClose25.11.2017+2.16%
46.12.2017SPLKLongClose8.12.2017+1.51%
511.12.2017NKTRLongClose2.1.2017+4.57%
618.12.2017SYYLongClose19.12.2017+0.14%
73.1.2018VOYALongOpen +0.76%
84.1.2018TERLongOpen -0.13%