Same Old, Same Old!

Our market has been characterized of late by 2 significant trends. On the one hand, unidirectional upward movement, and on the other, volatility that can be described as nothing but suffocating. Even the bulls were happy to see a little red on their screens yesterday, if only for the sake of change. What’s really amazing, though, is how the market recorded so many highs this year while being simultaneously so energy deprived and lacking in enthusiasm.

It’s natural for the market to digest large movements in advance of a very potent catalyst, in our case the Q3 earnings season. A few days of mixed trading between now and the kickoff of the earnings season next week would certainly be nice, but correction buyers don’t have the patience to let a real price correction develop.

It was a losing day and slow at that. In short, nothing’s changed.

IndexLastDaily change
DJX22,761(0.06%)Down
SPX2,545(0.18%)Down
Nasdaq6,580(0.16%)Down

Tuesday’s Hot Stocks: AIG, CPB, ABBV, SCHW

Have a great trading day!

Economic Calendar

 

DAYTIME (EST)EventForecastImpact
MondayColumbus Day – Markets Open
Tuesday6:00NFIB Small Business Optimism Index105.4 Medium
Wednesday10:00JOLTS6.160 MMedium
Wednesday14:00FOMC MinutesHigh
Thursday8:30Jobless Claims252 KMedium
Thursday8:30PPI0.4 %High
Thursday11:00Oil InventoriesLow
Friday8:30Consumer Price Index0.6 %High
Friday8:30Retail Sales1.9 %Medium
Friday10:00Business Inventories0.6 %Medium
Friday10:00Consumer SentimentHigh

 

Earning Calendar

 

SymbolCompanyAM/PMDay
FASTFastenal CompanyAMWednesday
DALDelta Air Lines, Inc.AMWednesday
DPZDomino’s Pizza, Inc.AMThursday
CCitigroup Inc.AMThursday
JPMJPMorgan Chase & Co.AMThursday
BACBank of America CorporationAMFriday
WFCWells Fargo & CompanyAMFriday
JBHTJ.B. Hunt Transport Services, Inc.AMFriday

 

 

 

Today’s Picks – Day Trading!

SymbolBreakoutBreakdownMomentumMomentum
OLN36.84YUMCDVA
SEDG29.80JPESRX
CAR39.71HMNYWBA
BA259.30 CVS

  

New York Strategy Swing

#DateStockLong\

Short

StatuesData CloseProfit\

Loss

11.9.2017VNTVLongClose14.9.2017+1.35%
212.9.2017CPBShortClose15.9.2017-1.10%
318.9.2017INSMLongClose22.9.2017+1.92%
425.9.2017GPSLongClose2.10.2017+1.69%
527.9.2017SQMLongClose29.9.2017+1.69%
62.10.2017ATILongClose6.10.2017+3.12%
72.10.2017TROXLongOpen +11.22%
83.10.2017ABTLongOpen+1.34%
99.10.2017ZGNXLongOpen+0.98%
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