Picks of the Day December 20, 2017.

Sell the News!

Stocks on Wall Street took a step backwards on Tuesday, the enthusiasm about the high chances of tax reform being passed into law offset by concerns about the monetary policy in place now for years and the future of interest rates.

The House of Representatives passed its tax bill yesterday afternoon. The Senate then followed up by revising three elements of the bill, one of them being the bill’s title. At this point, the Senate version has been voted on and approved and now the House of Representatives, having to vote on legislation identical to the Senate version, will vote again today on the Senate’s bill, before it’s sent to the President for his signature.

Stocks deepened their losses after Congress’s vote yesterday, after weeks of gains driven by the optimism that the tax cut would create a surge in firms’ earnings and the U.S. economy. Some investors are claiming that a lot of these benefits are already priced into stock valuations.

The S&P 500 has already risen 5% since mid-November, when Congress presented its tax bill.

Daily Summary: The Dow Jones fell 0.15%, the S&P 500 shedding 0.32%. The NASDAQ closed off 0.44%.

One of the stocks that stood out in yesterday’s trading was Apple (AAPL), which fell 1.1% after the broker, Instinet, lowered its rating on the stock to neutral, noting that the balance between demand and supply for the iPhone X reflects very little room for a sales increase next quarter.

ZBH soared 6.1%, making it the strongest stock on the S&P 500 after appointing a new CEO.

Trading volumes stood at 6.6 billion shares, beneath the 6.8 billion average over the last 20 trading days.


Wednesday: Investors today are keeping their eyes peeled for existing home sales at 10:00 N.Y. time, after the new home sales figure came out yesterday above analysts’ projection. Weekly oil inventories will be released at 10:30.

Earnings numbers are expected today from General Electric (GIS) before opening.

Index Last

Daily change

DJX 24,755 (0.15%) Down
SPX 2,681 (0.32%) Down
Nasdaq 6,964 (0.44%) Down


Today’s Hot Stocks: FDX, GIS, SFIX, RHT, MU, SCS


Have a great trading day!

Economic Calendar


DAY TIME (EST) Event Forecast Impact
Monday 10:00 Housing Market Index 70 Medium
Tuesday 8:30 Housing Starts 1.240 M Medium
Wednesday 10:00 Existing Home Sales 5.520 M Medium
Wednesday 10:30 Oil Inventories Low
Thursday 8:30 GDP 3.3 % High
Thursday 8:30 Jobless Claims 234 K Medium
Thursday 9:00 FHFA House Price Index 0.4 % Medium
Thursday 10:00 Leading Indicators 0.3% Medium
Friday 8:30 Durable Goods Orders 2.0 % Medium
Friday 8:30 Personal Income and Outlays 0.4 % Medium
Friday 10:00 New Home Sales 650 K Medium
Friday 10:00 Consumer Sentiment 97.0 High
Friday 8:30 Empire State Mfg Survey -0.1 Medium



Earning Calendar


Symbol Company AM/PM Day
KB KB Financial Group Inc. AM Monday
DRI Darden Restaurants, Inc. AM Tuesday
NAV Navistar International Corporation AM Tuesday
WOR Worthington Industries, Inc. AM Tuesday
CCL Carnival Corporation AM Tuesday
MU Micron Technology, Inc. PM Tuesday
FDX FedEx Corporation PM Tuesday
RHT Red Hat, Inc. PM Tuesday
GIS General Mills, Inc. AM Wednesday
MLHR Herman Miller, Inc. PM Wednesday
BBBY Bed Bath & Beyond Inc. PM Wednesday
PAYX Paychex, Inc. AM Thursday
KMX CarMax Inc. AM Thursday
CAG Conagra Brands, Inc. AM Thursday
ACN Accenture plc AM Thursday
NKE NIKE, Inc. PM Thursday
CTAS Cintas Corporation PM Thursday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
HP 60.07   DRI HCN
X 34.33   ZBH VTR
CF 41.80   AA PLD
BAX 66.18     SPPI
TSCO 70.61     SLCA


New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 3.11.2017 AKAM Long Close 8.11.2017 +1.37%
2 10.11.2017 JUNO Long Close 14.11.2017 +1.26%
3 16.11.2017 FLR Long Close 25.11.2017 +2.16%
4 6.12.2017 SPLK Long Close 8.12.2017 +1.51%
5 11.12.2017 NKTR Long Open   +2.09%
6 18.12.2017 SYY Long Close 19.12.2017 +0.14%


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

No.1 – TSCO

Company Name
Tractor Supply Company
Entry Point 70.61
Stop Area 69.40
1st Target 71.40
Swing Target
Avg. Volume 2.13M
Sector Services | Specialty Retail, Other
Earning Date  
Risk Rate Normal
Risk\Reward Ratio