October Ends in the Green!

A surge in the consumer stock, Mondelez (MDLZ) and Kellogg (K) after their latest Q3 results, together with additional gains in tech stocks, helped Wall Street close the month of October on an upbeat tone. The 3 main Wall Street indexes put the final touches on their best trading month since February. The S&P 500 ended the month up 2.2%, the Dow closing strongly up by 4.3%. The NASDAQ ended nicely up by 3.6%.

Mondelez (MDLZ) soared 5.4% after the Oreo cookie maker reported better than expected earnings, while Kellogg (K) soared 6.2% after reporting a rise in sales for the first time in over 2 years.

Apple (AAPL) rose 1.4% to a new historic high after its newest telephone, the iPhone X, received positive coverage. The stock gave the 3 main Wall Street indexes their biggest jump. The tech sector (XLK) ended up 0.4%, adding to the gains recorded after the streak of solid earnings numbers recorded last week. At present, we’re continuing to look at the earnings reports of the large tech players – and they continue to impress.

Daily Summary: The Dow Jones rose 0.12%, the S&P 500 tacking on 0.09%, the NASDAQ climbing 0.43%.

Investors are also waiting for the announcement about who will be the next Fed Chair, an announcement that could come already this week. President Trump is expected to choose Jerome Powell, who is seen as less market-friendly. Yesterday, the Fed began its 2-day meeting in Washington; that notwithstanding, the central bank is expected to leave the interest rate unchanged in its announcement that will be released later today.

The macro figures coming out better, the market is ready for Jerome Powell. The market is also ready for the October employment report which will be released on Friday – and presumably, also, for what the Fed has to say. In other words, it’s hard to think about something that will derail the market. The market won’t be caught off guard so easily!

Q3 earnings reports have surpassed expectations. Now, with more than half of S&P 500 companies having reported, firm earnings are expected to record quarterly growth of 7%, outdoing the 5.9% figure expected at the beginning of October. Investors, all-in-all, are more focused on these numbers than the political hubbub.

At the same time, not all earnings numbers are being received warmly. Take for example, Under Armour (UAA), which toppled 23.7% yesterday, after the sports apparel company slashed its 2017 forecast.

Qualcomm (QCOM) fell 6.7%, making it the biggest weight on the S&P 500 and the NASDAQ after the newsfeed that Apple is planning to no longer use the company’s chips in its iPhone and iPad.

About 6.8 billion shares changed hands on U.S. exchanges, above the 6.1 billion average over the last 20 trading days.

Wednesday: The Fed is expected wrap up its policy meeting today with an announcement at 14:00. The central bank isn’t expected to say anything new over and beyond making note of the economy’s strength, despite the latest hurricanes. That should be enough to strengthen the market’s resolve that the Fed is going to hike rates in December.

Things are heating up in advance of Friday’s employment figures. The ADP report is expected for 8:15, the PMI manufacturing figures coming out at 9:45. The U.S. Supply Managers’ ISM index will be released along with construction figures at 10:00. All throughout the day, October car sales figures will be released. At 10:30, weekly crude inventory numbers will be released.

Index Last Daily change
DJX 23,377 0.12% Up
SPX 2,575 0.09% Up
Nasdaq 6,728 0.43%s Up

Wednesday’s Hot Stocks: DDD, EA, NFX, CHKP, EL, KHC, CTSH


Have a great trading day!


Economic Calendar


DAY TIME (EST) Event Forecast Impact
Monday 8:30 Personal Income and Outlays 0.4 % Medium
Tuesday 9:00 S&P Corelogic Case-Shiller HPI 0.5 % Medium
Tuesday 9:45 Chicago PMI 62.0 Medium
Tuesday 10:00 Consumer Confidence 121.0 High
Wednesday 8:15 ADP Employment Report 220,000  Medium
Wednesday 9:45 PMI Manufacturing Index 54.5  Medium
Wednesday 10:00 ISM Mfg Index 59.5  High
Wednesday 10:00 Construction Spending 0.1 % Medium
Wednesday 10:30 Oil Inventories Low
Thursday 8:30 Jobless Claims 235 K Medium
Thursday 8:30 Productivity and Costs 2.4 % Medium
Friday 8:30 Nonfarm Payrolls 323,000 High
Friday 8:30 Unemployment Rate – Level 4.3% High
Friday 8:30 Average Hourly Earnings 0.2 % High



Earning Calendar


Symbol Company AM/PM Day
NBL Noble Energy, Inc. PM Monday
SBAC SBA Communications Corporation PM Monday
CMI Cummins Inc. AM Tuesday
INCY Incyte Corporation AM Tuesday
AMT American Tower Corporation AM Tuesday
AET Aetna Inc. AM Tuesday
K Kellogg Company AM Tuesday
SHOP Shopify Inc. AM Tuesday
MA Mastercard Incorporated AM Tuesday
PFE Pfizer Inc. AM Tuesday
APC Anadarko Petroleum Corporation PM Tuesday
EA Electronic Arts Inc. PM Tuesday
CHRW C.H. Robinson Worldwide, Inc. PM Tuesday
CHKP Check Point Software Technologies Ltd. PM Tuesday
FISV Fiserv, Inc. PM Tuesday
EL The Estee Lauder Companies Inc. AM Wednesday
CTSH Cognizant Technology Solutions Corporation AM Wednesday
KHC The Kraft Heinz Company PM Wednesday
OXY Occidental Petroleum Corporation PM Wednesday
WMB The Williams Companies, Inc. PM Wednesday
TSLA Tesla, Inc. PM Wednesday
CTRP Ctrip.com International, Ltd. PM Wednesday
FB Facebook, Inc. PM Wednesday
MET MetLife, Inc. PM Wednesday
SYMC Symantec Corporation PM Wednesday
QCOM QUALCOMM Incorporated PM Wednesday
ALL The Allstate Corporation PM Wednesday
LBTYA Liberty Global plc PM Wednesday
PRU Prudential Financial, Inc. PM Wednesday
CI Cigna Corporation AM Thursday
YUM Yum! Brands, Inc. AM Thursday
DLPH Delphi Automotive PLC AM Thursday
BABA Alibaba Group Holding Limited AM Thursday
TEVA Teva Pharmaceutical Industries Limited AM Thursday
ADP Automatic Data Processing, Inc. AM Thursday
APA Apache Corporation AM Thursday
CBS CBS Corporation PM Thursday
ATVI Activision Blizzard, Inc. PM Thursday
AIG American International Group, Inc. PM Thursday
AAPL Apple Inc. PM Thursday
SBUX Starbucks Corporation PM Thursday
CC The Chemours Company PM Thursday
ED Consolidated Edison, Inc. PM Thursday
MSI Motorola Solutions, Inc. PM Thursday
AEE Ameren Corporation AM Friday

Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
DVN 37.45 CBI LL
WRK 61.50 QD MYL
ALK 64.77   FSLR
VIAB 23.45    
NLSN 36.96    



New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 1.9.2017 VNTV Long Close 14.9.2017 +1.35%
2 12.9.2017 CPB Short Close 15.9.2017 -1.10%
3 18.9.2017 INSM Long Close 22.9.2017 +1.92%
4 25.9.2017 GPS Long Close 2.10.2017 +1.69%
5 27.9.2017 SQM Long Close 29.9.2017 +1.69%
6 2.10.2017 ATI Long Close 6.10.2017 +3.12%
7 2.10.2017 TROX Long Close 18.10.2017 +13.93%
8 3.10.2017 ABT Long Close 11.10.2017 +1.60%
9 9.10.2017 ZGNX Long Close 12.10.2017 +3.26%
10 16.10.2017 INSM Long Close 19.10.2017 -2.82%
11 24.10.2017 CVS Short Open   +5.05%
12 30.10.2017 SKX Long Close -1.42%
13 31.10.2017 STX Long Open +0.51%


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

No.1 –   AKAM

Company Name Akamai Technologies
Entry Point 52.60
Stop Area 51.95
1st Target 53.20
Swing Target 56.85
Avg. Volume 1.86M
Sector Technology | Internet Information Providers
Earning Date
Risk Rate Medium
Risk\Reward Ratio 6.54:1

Risk Rates: Normal – Regular size, High –Consider reducing size, Low – Consider increasing size