Picks of the Day December 21, 2017.

Tax Bill Passes

The trading day closed down after the tax reform bill overcame its last hurdle and was passed. An announcement like this, at least in theory should have ignited positive momentum in the markets – when push came to shove, though, trading yesterday on Wall Street was rather sluggish. Wall Street analysts believe that the pacific trading day we got yesterday alongside such a significant development, was founded on the fact that the whole stock rally over the last few months was fueled by expectations for this very same announcement. If that is the case, the stock gains had already been priced into the stock bill making it through both chambers of Congress.

Trading volumes were again lower than the 20-day mean volume, but what did stand out over and above everything else yesterday was the energy sector (XLE) which led the S&P 500 with gains of 1.41% and the weekly oil inventories report which pointed to a higher than expected decline of over 6 million barrels. All-in-all, it was the fifth week in a row in which the figure reflected a decline in reserves.

Existing home sales for November dramatically surpassed forecasts with a rise of 5.6%, trouncing expectations of just 0.9%. The figure for November was the highest figure recorded in this metric in the last 20 months. The Economic Diary, today, features Q3 GDP numbers at 8:30 N.Y. time. Analysts expect a rise of 3.3% after GDP beat out the consensus in each of the last 4 quarters. GDP has been up at least 3% in each of the last 4 quarters.

About 6.1 billion shares traded hands on U.S. exchanges, beneath the 6.6 billion average over the last 20 trading days. On the S&P 500, 48 stocks recorded 52-week highs, 4 falling to new lows; on the NASDAQ, 114 stocks recorded new yearly highs, 44 falling to new yearly lows.


Index Last

Daily change

DJX 24,726 (0.11%) Down
SPX 2,679 (0.08%) Down
Nasdaq 6,960 (0.04%) Down

Thursday’s Hot Stocks: BBBY, PCG, HZN, TNAV, PAYX, CAG, ACN, KMX


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
CXO 147.77   FANG HCN
OC 91.40   CENX RHT
PCG   49.83 AA PM
XL   34.98    


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   +2.98%
6 18.12.2017 SYY Long Close 19.12.2017 +0.14%