Wall Street Preview:

Quiet Before the Storm?


Stocks on Wall Street yesterday ended mixed after a quiet trading day, investors taking the time to take in the damage Hurricane Harvey wreaked on Houston, Texas, along with its catastrophic flooding. There was movement yesterday, if you knew where to find it, and it was primarily in precious metals, which rallied higher.

In light of the storm battering Houston and other parts of Texas, some of the refineries situated there were forced to put operations on hold. Refinery stocks soared, including VLO, PSX, and MPC. The storm, in the meantime, led to an unprecedented amount of torrential rain and flooding in Houston, the fourth largest U.S. city. Investors will try to understand whether significant damage was borne by refineries, which, as a preventative measure, had halted activity.

A number of dynamics are moving the market as of now. First-off, headlines more inundated with fear about the political mêlée surrounding the credit ceiling. Second, the Fed plans on setting off on its quantitative tightening initiative next month. Third and last, stocks are vulnerable to a price correction, the number of stocks taking the lead becoming narrower and narrower, risk indexes bright red and valuations having hit extreme levels.

Daily Summary: The Dow Jones lost only a fraction of a percent. The S&P 500 tacked on 0.1%, the NASDAQ rising 0.3%. The Russell 2000 rose 0.4%, just barely climbing past its 200-period EMA.


Health stocks led the way higher with gains of 0.6% after Kite Pharma (KITE) soared 28% on the heels of the announcement that it would be taken over by Gilead (GILD) in a deal valued at close to $12 billion. Expedia (EXPE) fell 4.1% after the release that its CEO would apparently leave the company to take the reins of Uber.

Tuesday: In so far as market concerns go, North Korea has been up there all summer long – and could definitely be investors’ focus today after Kim Jong-un shot a ballistic missile that cruised above Japan before exploding above the Pacific Ocean. Future contracts, in response, fell substantially by about 0.5%, as of the writing of these lines. The Economic Diary will feature the Case Shiller real estate index at 9:00 N.Y. time. The August Consumer Confidence Index will be released at 10:00.

Index Last Daily change
DJX (0.02%) 21,808 Down
SPX +0.05% 2,444 Up
Nasdaq +0.28% 6,283 Up

Today’s Hot Stocks: FINL, NKE, FL, UAA, DKS, CTLT, BBY, HAIN

IPOs: None

Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 9:00 S&P Case-Shiller 0.5% Medium
Tuesday 10:00 Consumer Confidence 120.0  High
Wednesday 8:15 ADP Employment Report 182,000 Medium
Wednesday 8:30 GDP 2.8% Medium
Wednesday 10:30 Crude Oil Inventory Low
Thursday 8:30 Jobless Claims 237 K Medium
Thursday 8:30 Personal Income and Outlays 0.4 % Medium
Thursday 9:15 Chicago PMI 58 High
Thursday 10:00 Pending Home Sales Index 0.8% Medium
Friday 8:30 Nonfarm Payroll 180,000 High
Friday 8:30 Unemployment Rate 4.3 % High
Friday 8:30 Average Hourly Earnings 0.2% High
Friday 10:00 ISM Mfg Index 56.6 High
Friday 10:00 Construction Spending 0.6% Medium
Friday 10:00 Consumer Sentiment 97.2 High



Earning Calendar


Symbol Company AM/PM Day
BBY Best Buy Co., Inc. AM Tuesday
HAIN The Hain Celestial Group, Inc. AM Tuesday
HRB H&R Block, Inc. PM Tuesday
BF-B Brown-Forman Corporation AM Wednesday
GLNG Golar LNG Limited AM Wednesday
ADI Analog Devices, Inc. AM Wednesday
WDAY Workday, Inc. PM Wednesday
CTRP Ctrip.com International, Ltd. PM Wednesday
BOX Box, Inc. PM Wednesday
FIVE Five Below, Inc. AM Thursday
DG Dollar General Corporation AM Thursday
CPB Campbell Soup Company AM Thursday
CIEN Ciena Corporation AM Thursday
NTNX Nutanix, Inc. PM Thursday
PANW Palo Alto Networks, Inc. PM Thursday
LULU Lululemon Athletica Inc. PM Thursday



Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
MCD $160.00 CBI SFM



New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 14.6.2017 SIG Short Close 23.6.2017 +2.29%
2 16.6.2017 AABA (YHOO) Long Close 26.6.2017 +3.14%
3 21.6.2017 KR Short Close 27.6.2017 -2.75%
4 29.6.2017 DKS Short Close 3.7.2017 +1.04%
5 6.7.2017 HAIN Long Close 18.7.2017 +2.52%
6 6.7.2017 DKS Short Close 13.7.2017 +3.96%
7 10.7.2017 ORCL Long Close 13.7.2017 +1.38%
8 13.7.2017 YUMC Short Close 31.7.2017 +2.12%
9 18.7.2017 LB Short Close 20.7.2017 +1.34%
10 20.7.2017 FIVE Short Close 26.7.2017 +1.97%
11 21.7.2017 HOG Short Close 27.7.2017 +0.39%
12 2.8.2017 AKAM Short Close 3.8.2017 -1.12%
13 3.8.2017 NKE Long Close 8.8.2017 +0.02%
14 4.8.2017 SBUX Short Close 16.8.2017 +2.40%
15 8.8.2017 NTAP Long Close 9.8.2017 -1.17%
16 22.8.2017 ATHM Long Close 23.8.2017 +0.16%
17 23.8.2017 AAP Short Close 26.8.2017 +0.98%
18 28.8.2017 CREE Short Open   -1.08%