An upheaval! Despite the flurry of negative news that came in volleys this past week, from Hurricane Harvey which hit the southern U.S. coast, Friday’s disappointing employment figures and the launch of ballistic missiles by  North Korea’s maniacal leader above the skies of Japan, indexes on Wall Street succeeded in recording a streak of 4 straight winning days, its first since mid-July. Trading volumes tapered on Friday in advance of investors’ long holiday weekend, with trading closed on Monday for Labor Day, investors returning to their trading desks only on Tuesday.

This coming week, the seasonality is going to sour on investors, and it will be interesting to see how the new catalysts are affecting the market. In contrast to the “Old World,” news isn’t impacting the market like it had in the past. The world has changed, the simple and most logical calculus now defunct. It’s no longer: “Bad News = Sell; Good News = Buy.” The trading world is now being controlled by sophisticated algorithms which look for news as triggers for activating preprogrammed computerized functions. Computer, over the last few years, have been programmed to buy stock, no matter what happens! That being the case, news only serve as a trigger, but the tendency programmed into computers to buy rather than sell, is precisely that which causes news which logically would be a negative trigger for traders to do the opposite, i.e. push stocks higher. News serves as a trigger, but the practical ins and outs of the news are entirely meaningless. All news has been good news, until now that is.

Despite the fact that for most of August the major stock indexes traded in negative territory, last week saved most indexes. Except for the Russell 2000 which fell on the month, the 3 large indexes, the Dow Jones, the S&P 500 and the NASDAQ all ended the month lightly up.

The S&P 500 will begin the coming week trading close to its latest highs. We wouldn’t be surprised to see another breakup attempt that doesn’t succeed in holding water.

IndexLastDaily change
DJX21,988+0.18%Up
SPX2,477+0.20%Up
Nasdaq6,435+0.10%Up

 

Weekly Summary: The S&P 500 rose 1.34%. The Dow Jones ended the week up 0.86%, with the NASDAQ jumping 2.84%.

Have a great trading week!

 

Economic Calendar

 

DAYTIME (EST)EventForecastImpact
Tuesday10:00Factory Orders-3.1%Medium
Wednesday8:30International Trade$-44.6 BMedium
Wednesday9:45PMI Services Index54.6 to 56.9Medium
Wednesday10:00ISM Non-Mfg Index55.4Medium
Wednesday14:00Beige BookHigh
Thursday8:30Jobless Claims239 KMedium
Thursday11:00Oil InventoriesLow
Friday10:00Wholesale Trade0.4 %Medium

 

Earning Calendar

 

SymbolCompanyAM/PMDay
HPEHewlett Packard Enterprise CompanyPMTuesday
PLAYDave & Buster’s Entertainment, Inc.PMTuesday
CASYCasey’s General Stores, Inc.PMTuesday
NAVNavistar International CorporationAMWednesday
VRNTVerint Systems Inc.PMWednesday
DCIDonaldson Company, Inc.AMThursday
DVMTDell Technologies Inc.AMThursday
SAICScience Applications International CorporationPMThursday
FNSRFinisar CorporationPMThursday
PAYVeriFone Systems, Inc.PMThursday
KRThe Kroger Co.AMFriday

  

Today’s Picks – Day Trading!

SymbolBreakoutBreakdownMomentumMomentum
MU$33.00SGMOLLY
EXAS$42.18YNDXAMBA
FNSR$23.00  
  
  
   
   
 
   

 

 New York Strategy Swing

#DateStockLong\

Short

StatuesData CloseProfit\

Loss

12.8.2017AKAMShortClose3.8.2017-1.12%
23.8.2017NKELongClose8.8.2017+0.02%
34.8.2017SBUXShortClose16.8.2017+2.40%
48.8.2017NTAPLongClose9.8.2017-1.17%
522.8.2017ATHMLongClose23.8.2017+0.16%
623.8.2017AAPShortClose26.8.2017+0.98%
728.8.2017CREEShortClose30.8.2017-0.86%
830.8.2017TRIPLongOpen +1.63%
91.9.2017VNTVLongOpen-0.11%
10
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12
13 
14
15
16 
17
18      

 

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

No.1 –

Company Name
Entry Point 
Stop Area
1st Target 
Swing Target
Avg. Volume 
Sector 
Earning Date 
Risk Rate
Risk\Reward Ratio       

 

No.2 –

Company Name
Entry Point 
Stop Area
1st Target 
Swing Target
Avg. Volume 
Sector
Earning Date 
Risk Rate
Risk\Reward Ratio

 

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