Rates Left Unchanged

Large U.S. stocks continued trading in a narrow, well-defined range, constricted by the bounds of its two-month long consolidation pattern – in the face of resistance from the high set at the beginning of March. The market didn’t flinch in the least after the central bank’s policy announcement, the Fed stating that it didn’t see in the recent spate of weak economic figures a reason to refrain from hiking rates.

In Summary for the Day: The Dow Jones ended negligibly up by 0.04%, the S&P 500 ending negligibly down by 0.13%. The NASDAQ shed 0.4% and gold fell 0.7%.

Financial stocks (XLF) rallied 0.6% in the wake of yesterday’s Fed meeting as chances grew for a June rate hike.

One of the stocks standing out in yesterday’s trading was Weight Watchers (WTW), which rallied 9.3% on the background of a Q1 earnings surprise and a double-digit percentage rise in year-over-year membership. First Solar (FSLR) soared 11.8% after beating analysts’ revenue and earnings forecasts.

One of the losing stocks that stood out yesterday was Akamai (AKAM), which tumbled 15.5% after weak management guidance was released for the rest of the year on the heels of feeble internet-based video traffic. Etsy (ETSY), the online art marketplace operator, fell 7.8% yesterday after its earnings reports came out weaker than expected and likewise, after having named a new CEO. Disney (DIS) toppled 2.4% on the background of general weakness in the media sector.

Apple (AAPL) ended off 0.31% after reporting mixed results yesterday after closing; earnings trumped expectations but revenues fell short, iPhone sales missing analyst forecasts in light of continued weakness in China. Forward guidance was weak, but Apple is known for its tendency to keep expectations low.

On the economic front, a weak reading on the April ADP Employment Report, which measures the number of new jobs in the private sector, was released yesterday before opening. In turn, the reading lowered the bar for Friday’s pivotal official employment report. The number of positions created last month in the private sector was 177 thousand, beneath the market consensus of 180 thousand. The Supply Managers’ ISM Service Sector Index was strong, with a 57.5 point reading, besting the forecasted 55.8 points and March’s 55.2 point reading.

After Closing: The social media giant, Facebook (FB), which has risen almost 32% year-to-date, released good numbers, EPS coming out at $1.04, easily trouncing forecasted earnings of 87 cents per share. Revenues came to $8.03 billion, above analysts’ forecast of $7.85 billion. Despite the solid numbers, Facebook fell 2.5% in late trading, the market response being, “Buy the rumor, and sell the news!”

Another interesting report was that of Tesla (TSLA), the electric carmaker, which reported a large than expected loss of $1.33 per share, the consensus having been a 55 cent loss per share. Revenue, though, came out above the consensus. TSLA ended late trading down by 2.27%.

On the S&P 500, 31 stocks rose to new 52-week highs, 7 dipping to new yearly lows; on the NASDAQ, 83 stocks recorded new 52-week highs, 71 falling to new yearly lows.

About 7.3 billion shares changed hands on U.S. exchanges, above the 6.6 billion daily average over the last 20 trading days.

Thursday: Traders are continuing to wait for the official governmental employment report that will be released on Friday before opening. Today, we’ll be getting a number of economic reports, starting with weekly initial unemployment claims, the trade deficit and productivity and costs, all at 8:30 N.Y. time. Factory order numbers will be released at 10:00.

Index Last Daily change R2 R1 PP S1 S2
DJX 20,958 0.04% Up          
SPX 2,388 (-0.13%) Down 236.91 236.18 235.30 234.57 233.69
Nasdaq 6,073 (-0.37%) Down 132.73 132.39 132.04 131.70 131.35

Today’s Hot Stocks: SQ, DATA, CAR, FB, TSLA, KHC, AIG, K


Have a great trading day!

Economic Calendar


DAY TIME (EST) Event Forecast Impact
Monday 8:30 Personal income Medium
Monday 8:30 Consumer spending Medium
Monday 9:45 Manufacturing PMI Medium
Monday 10:00 ISM manufacturing High
Monday 10:00  Construction spending Medium
Tuesday 14:00 April vehicle sales Low
Wednesday 8:15 ADP payrolls High
Wednesday 9:45 Services PMI Medium
Wednesday 10:30 Crude Oil Inventories Low
Wednesday 10:00 ISM non-manufacturing Medium
Wednesday 14:00 Fed decision High
Thursday 8:30 Jobless claims High
Thursday 10:00 Factory orders Medium


Earning Calendar


Symbol Company AM/PM Day
THC Tenet Healthcare Corp. PM Monday
LL Lumber Liquidators Holdings, Inc. AM Tuesday
MA Mastercard Incorporated AM Tuesday
AET Aetna Inc. AM Tuesday
COH Coach, Inc. AM Tuesday
COP ConocoPhillips AM Tuesday
CVS CVS Health Corporation AM Tuesday
MOS The Mosaic Company AM Tuesday
MRK Merck & Co., Inc. AM Tuesday
PFE Pfizer Inc. AM Tuesday
GILD Gilead Sciences, Inc. PM Tuesday
AAPL Apple Inc. PM Tuesday
WTW Weight Watchers International, Inc. PM Tuesday
TWX Time Warner Inc. AM Wednesday
EL The Estee Lauder Companies Inc. AM Wednesday
FB Facebook, Inc. PM Wednesday
AIG American International Group, Inc. PM Wednesday
KHC The Kraft Heinz Company PM Wednesday
TSLA Tesla, Inc. PM Wednesday
MET MetLife, Inc. PM Wednesday
VIAB Viacom, Inc. AM Thursday
K Kellogg Company AM Thursday
CAB Cabela’s Incorporated AM Thursday
CBS CBS Corporation PM Thursday
ATVI Activision Blizzard, Inc. PM Thursday
Z Zillow Group, Inc. PM Thursday
MCO Moody’s Corporation AM Friday
CI Cigna Corporation AM Friday
CTSH Cognizant Technology Solutions Corporation AM Friday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
MCD 142.79   FSLR BG
TMO 168.76   WTW AKAM
V 92.80   DLPH SPR
GRUB 45.09   RH APC
MAC   61.68 CLDR THC
TECK   19.20 MOH  
DXCM   72.62    


New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 3.4.2017 ARNC Long Close 31.3.2017 -2.52%
2 3.4.2017 GME Short Close 10.4.2017 +1.95%
3 5.4.2017 IPXL Long Close 11.4.2017 +7.03%
4 13.4.2017 NKTR Long Close 21.4.2017 +0.61%
5 25.4.2017 LULU Short Close 2.5.2017 -0.17%
6 26.4.2017 GNC Long Close 28.4.2017 -4.39%
7 28.4.2017 CARA Long Close 1.5.2017 -3.23%
8 1.5.2017 AAOI Long Close 2.5.2017 +0.54%
9 3.5.2017 SCSS Long Open   -0.42%

 Today’s Picks – Swing “New-York Strategy

 No.1 –  SNCR

Company Name Synchronoss Technologies
Entry Point 15.39
Stop Area 16.45
1st Target 14.80
Swing Target 11.15
Avg. Volume 1.62M
Technology | Application Software
Earning Date
Risk Rate Normal
Risk\Reward Ratio 4.00:1

No.2 – CRZO

Company Name Carrizo Oil & Gas, Inc.
Entry Point 25
Stop Area 26.25
1st Target 24.55
Swing Target
Avg. Volume 1.48M
Sector Basic Materials | Independent Oil & Gas
Earning Date 9 May
Risk Rate Normal
Risk\Reward Ratio 4.85:1