January Ends in the Green

Index Last Daily change R2 R1 PP S1 S2
DJX 19,864 (-0.54%) Down          
SPX 2,279 (-0.09%) Down 228.43 227.98 227.15 226.70 225.87
Nasdaq 5,615 0.02% Up 125.09 124.83 124.34 124.08 123.59

The S&P 500 fell yesterday for the fourth time in a row, weighed down by sectors sensitive to economic growth on the background of disappointment from earnings results and persistent concerns about the priorities of the Trump administration.

Tech and financial stocks recorded the sharpest losses on the S&P 500, while the health sector (XLV) soared 1.6%, helping offset some of the index’s losses – and pushing the S&P 500 far from the daily bottom.

In summary for the day, the S&P 500 closed slightly off by 0.09%, the NASDAQ tacking on 0.02%. The Dow Jones fell 0.54% on the day.

The S&P 500 recorded its fourth straight day of losses, its longest losing streak since the period leading up to the elections. In tandem, the 3 large indexes ended the month of January up, with the NASDAQ surging 4.3%, making it its strongest month since July ’16.

The President of the United States of America, Donald Trump, met with the heads of some of the largest American pharmaceutical companies in a move seen as aimed at tapering the anxiety besetting pharma stocks that had caused them to lag behind after the U.S. elections.

In tandem, some of investors’ concerns revolve around the fact that Trump’s focus doesn’t seem to be on the issues that prompted the sharp market rally after the election results were finalized on November 8th, like tax reform and fiscal stimulus.

One of the stocks standing out in yesterday’s trading was the parcel delivery company, U.P.S. (UPS) which fell by 6.8% to $109.13, weighing on most of the transportation and industrial sector, after having reported a loss last quarter and lowering its full year 2017 forecast.

The fashion chain, Under Armour (UA), lost almost a quarter of its market cap yesterday, plunging 23.4% to the $19.22 level.

Despite the negative market movement caused by political headlines over the last few days, some are placing their faith in fundamentals, hoping they will support stock prices. Projections have firm earnings recording Q4 growth of 7.1%, revenues forecasted to rise 4.2%. Economic momentum is solid and the job market is functioning well.

On the S&P 500, 10 stocks rose to new 52-week highs, 4 dipping to new yearly lows; on the NASDAQ, 82 stocks recorded new 52-week highs, 48 falling to new yearly lows.

All-in-all, 6.7 billion shares changed hands on U.S. exchanges, slightly above the 6.65 billion average over the last 20 trading days.

Wednesday: The Fed is expected to take center-stage today, the central bank, though, likely to alter market sentiment as well. Strategists are saying that while the Fed isn’t expected to hike rates at the end of its 2-day policy meeting which kicked off yesterday, it is expected to reiterate its intent to hike rates 3 times this year, by 0.75% altogether. The Fed announcement will be coming out at 14:00 N.Y. time.

Stocks are likely to respond positively to the earnings of Apple (AAPL) which reported strong quarterly numbers yesterday after closing. Apple jumped 3% after releasing its results. The tech powerhouse reported earnings of $3.36 per share on revenues of $78.40 billion, making it the company’s highest quarterly revenue figure ever. Sales of the iPhone came to 78.3 million units, beating last quarter’s figure of 74.8 million units. The company’s cash pile has reached a new high of $159 billion, most of the moneys though held overseas.

Besides the Fed announcement, today’s economic diary will include car sales, carmakers releasing their numbers throughout the day. The ISM manufacturing sector index will be released at 10:00 and Markit’s PMI figures will be released slightly earlier at 9:45. Before the trading day opens, different employment-related numbers will be released, giving an insight into what to expect on Friday morning. Today, the ADP survey for the private sector will be released at 8:15, the consensus being that 164 thousand new positions were added.

Today will likewise be a busy day on the earnings report front. Before opening, the troupe of reporters will include: MPC, MO, IR, JCI, and TUP. After closing, be on the lookout for the numbers of Facebook (FB), alongside MET, ALL, TSCO, CRUS, and SYMC.

Wednesday’s Hot Stocks: AAPL, EA, MTCH, MPC, IR, TUP

IPOs: None

Have a great trading day!

Economic Calendar

 

DAY TIME (EST) Event Forecast Impact
Monday 8:30 Personal Income 0.4% Medium
Monday 8:30 Personal Spending 0.4% Medium
Monday 10:00 Pending Home Sales 1.3% Medium
Tuesday 9:00 S&P Case Shiller Home Price Index 5.0% Medium
Tuesday 9:45 Chicago PMI 55.0 Medium
Tuesday 10:00 Consumer Confidence 112.5 High
Wednesday 8:15 ADP Employment Change 165K High
Wednesday 10:00 ISM Index 55.0 High
Wednesday 10:00 Construction Spending 0.2% Medium
Wednesday 10:30 Crude Inventories Low
Wednesday 14:00 FOMC Rate Decision 0.625% High
Wednesday 14:00 Auto Sales Low
Thursday 8:30 Initial Claims 250K High
Thursday 8:30 Unit Labor Costs 1.9% Medium
Friday 8:30 Nonfarm Payrolls 170K High
Friday 8:30 Unemployment Rate 4.7% High
Friday 10:00 Factory Orders 1.4% Medium
Friday 10:00 ISM Services 57.0 Medium

 

Earning Calendar

 

Symbol Company AM/PM Day
ZBH Zimmer Biomet Holdings, Inc. AM Tuesday
NUE Nucor Corporation AM Tuesday
PCAR PACCAR Inc AM Tuesday
VLO Valero Energy Corporation AM Tuesday
ABC AmerisourceBergen Corporation AM Tuesday
HOG Harley-Davidson, Inc. AM Tuesday
PNR Pentair plc AM Tuesday
NDAQ Nasdaq, Inc. AM Tuesday
TMO Thermo Fisher Scientific Inc. AM Tuesday
DHR Danaher Corporation AM Tuesday
AET Aetna Inc. AM Tuesday
MA Mastercard Incorporated AM Tuesday
LLY Eli Lilly and Company AM Tuesday
UPS United Parcel Service, Inc. AM Tuesday
PFE Pfizer Inc. AM Tuesday
XOM Exxon Mobil Corporation AM Tuesday
AAPL Apple Inc. PM Tuesday
CB Chubb Limited PM Tuesday
APC Anadarko Petroleum Corporation PM Tuesday
CHRW C.H. Robinson Worldwide, Inc. PM Tuesday
OKS ONEOK Partners, L.P. PM Tuesday
AFL Aflac Incorporated PM Tuesday
EA Electronic Arts Inc. PM Tuesday
ILMN Illumina, Inc. PM Tuesday
PPL PPL Corporation AM Wednesday
IR Ingersoll-Rand Plc AM Wednesday
BAX Baxter International Inc. AM Wednesday
MPC Marathon Petroleum Corporation AM Wednesday
MPLX MPLX LP AM Wednesday
JCI Johnson Controls International plc AM Wednesday
ADP Automatic Data Processing, Inc. AM Wednesday
MO Altria Group, Inc. AM Wednesday
FB Facebook, Inc. PM Wednesday
MET MetLife, Inc. PM Wednesday
LNC Lincoln National Corporation PM Wednesday
SYMC Symantec Corporation PM Wednesday
ALL The Allstate Corporation PM Wednesday
NXPI NXP Semiconductors N.V. PM Wednesday
EW Edwards Lifesciences Corporation PM Wednesday
IP International Paper Company AM Thursday
CI Cigna Corporation AM Thursday
BSX Boston Scientific Corporation AM Thursday
EL The Estee Lauder Companies Inc. AM Thursday
COP ConocoPhillips AM Thursday
CME CME Group Inc. AM Thursday
PM Philip Morris International Inc. AM Thursday
MRK Merck & Co., Inc. AM Thursday
AMZN Amazon.com, Inc. PM Thursday
V Visa Inc. PM Thursday
AMGN Amgen Inc. PM Thursday
MSI Motorola Solutions, Inc. PM Thursday
WY Weyerhaeuser Co. AM Friday
HSY The Hershey Company AM Friday
LYB LyondellBasell Industries N.V. AM Friday
CLX The Clorox Company AM Friday
PSX Phillips 66 AM Friday

 

1.2.2017

Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
DLR 108.35 NDAQ CNX
TWX 97.21 CYNO UPS
COMM 38 GKOS VLO
SLCA 59.86 Q TXN
DVMT 63 BLUE TPX
AIG 64 JUNO UVV
C 55.42 NBIX  
TPX 42.50 IONS  
  ACAD  
  CC  
  CLVS  
  DRYS  


New York Strategy Swing

# Date Stock Long\

Short

Statues Data Close Profit\

Loss

1 5.12.2016 CSC Long Close 6.12.2016 -1.62%
2 6.12.2016 YY Short Close 7.12.2016 +0.72%
3 7.12.2016 ROST Long Close 14.12.2016 +0.42%
4 9.12.016 TWLO Short Close 13.12.2016 +2.01%
5 12.12.2016 PDCO Long Close 14.12.2016 +0.48%
6 13.12.2016 TLRD Long Open 22.12.2016 +1.87%
7 13.12.2016 IGT Short Close 14.12.2016 -0.19%
8 14.12.2016 CC Long Close 21.12.2016 +0.52%
9 29.12.2016 JWN Short Close 6.1.2017 +3.45%
10 6.1.2017 TRGP Long Close 9.1.2017 +0.20%
11 9.1.2017 NVDA Long Close 17.1.2017 +1.02%
12 10.1.2017 TLRD Long Close 10.1.2017 -3.27%
13 13.1.2017 LW Long Close 26.1.2017 +0.09%
14 31.1.2017 ATI Long Open   +0.46%
15  
16  


Today’s Picks – Swing “New-York Strategy

No.1 – FAST  

Company Name Fastenal Company
Entry Point 50.24
Stop Area 49.20
1st Target 50.95
Swing Target 51.51
Avg. Volume 2.76M
Sector Services | Industrial Equipment Wholesale
Earning Date
Risk Rate Normal
Risk\Reward Ratio 1.22:1

No.2 – AKAO

Company Name Achaogen
Entry Point 16.27
Stop Area 14.98
1st Target 16.90
Swing Target 18.94
Avg. Volume 2.54M
Sector Healthcare | Biotechnology
Earning Date
Risk Rate Normal
Risk\Reward Ratio 2.07:1