Picks of the Day January 11, 2018.

Trade Tensions Send Chills Down Market’s Spine

The 3 large indexes on Wall Street ended lower yesterday, investors weighed down by concern that China would taper the clip of its U.S. T-bond purchases and that Pres. Trump would quit its main trade deal with China. The S&P 500 and the NASDAQ cut their 6-day winning streak. The S&P 500 succeeded in recovering to a certain extent over the trading day, only to again lose altitude again in the afternoon after Reuters reported that Canada is convinced that Trump will shortly announce that the U.S. is pulling out of NAFTA, its free trade agreement.

It’s going to be thin this week on the economic front. In a week like this, the political headlines are likely to have substantially more effect than usual. Yesterday’s declines reflect investors’ awareness that the market has climbed for 4 straight months without a single correction.

Daily Summary: The Dow Jones fell 0.07%. The S&P 500 shed 0.11% and the NASDAQ closed slightly off by 0.14%.

Investors opened 2018 with high growth expectations for U.S. firms. Tomorrow, banks will kick the opening kickoff for the Q4 2017 earnings season. S&P 500 firm earnings are expected to climb by 11.8% year-over-year. The biggest contribution is expected to come from the energy sector.

Airline stocks led the movement on Wall Street, the airline index rising 1.7%. The gains on the index came after 5 straight days of declines. United Continental (UAL) was the biggest contributor to the gains, soaring 6.72% after reporting a rise in traffic and a decline in the number of empty seats. The strong figures sent waves of optimism to competing airlines as well. Take AAL, which ended up 3.26% and DAL, which saw an uptick of 3.12%.

On the S&P 500, 74 stocks rose to new 52-week highs, 7 dipping to new yearly lows; on the NASDAQ, 98 stocks recorded new 52-week highs, 24 falling to new yearly lows.

About 6.93 billion shares changed hands on U.S. exchanges, above the 6.3 billion average over the last 20 trading days.

Thursday: Today’s trading will be affected by investors’ response to weekly unemployment claims at 8:30 N.Y. time as well as the Producer Price Index – which will be released at the same hour and which is expected to point to a rise of 0.2%. The airline company, Delta Airlines (DAL) is expected to release its financial reports before opening.

Index Last Daily change   
DJX 25,369 (0.07%) Down
SPX 2,748 (0.11%) Down
NASDAQ 7,154 (0.14%) Down

Thursday’s Hot Stocks: KBH ,PRGS ,DAL

Have a great trading day!


                                     Economic Calendar    


TIME (EST) Event Forecast Impact
Tuesday 6:00 NFIB Small Business Optimism Index 107.9 Medium
Tuesday 10:00 JOLTS 6.038 M Medium
Wednesday 8:30 Import and Export Prices 0.4 % Medium
Wednesday 10:00 Wholesale Trade 0.7 % Medium
Wednesday 10:30 Oil Inventories -7.4 M barrels Low
Thursday 8:30 Jobless Claims 245 K Medium
Thursday 8:30 PPI-FD 0.2 % Medium
Friday 8:30 Consumer Price Index 0.1 % Medium
Friday 8:30 Retail Sales 0.5 % Medium
Friday 10:00 Business Inventories 0.3 % Medium



Earning Calendar



Company AM/PM Day
 HELE  Helen of Troy Limited AM Monday
 KB  KB Financial Group Inc. AM Monday
 SIG  Signet Jewelers Limited AM Wednesday
 LEN  Lennar Corporation AM Wednesday
 KBH  KB Home PM Wednesday
 PRGS  Progress Software Corporation PM Wednesday
 DAL  Delta Air Lines, Inc. AM Thursday
 PNC  The PNC Financial Services Group, Inc. AM Friday
 BLK  BlackRock, Inc. AM Friday
 WFC  Wells Fargo & Company AM Friday
 JPM  JPMorgan Chase & Co. AM Friday
 INFY  Infosys Limited AM Friday


Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
W 84.19   GBT EBAY
DLR   108.73 SRPT AMBA
      KSS KSU
      UAL CP



New York Strategy Swing

# Date Stock Long\ Short Statues Data Close Profit\ Loss
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 Close 2.1.2017 +4.57%
6 18.12.2017 SYY Long Close 19.12.2017 +0.14%
7 3.1.2018 VOYA Long Close 8.1.2017 +0.67%
8 4.1.2018   TER Long Close 10.1.2017 +0.45%
9 9.1.2018 SCG Long Close 10.1.2017 -3.35%


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

 No.1 – GPS 

Company Name The Gap, Inc.
Entry Point 32.18
Stop Area 31.45
1st Target 32.70
Swing Target 35.24
Avg. Volume 5.45M
Sector Services | Apparel Stores
Earning Date
Risk Rate Normal
Risk\Reward Ratio 4.19:1