February 13, 2018.

Wall Street firms are buying their stocks back and in so doing are likely to inject more fuel into the market rebound over the coming weeks. That likelihood is all the more pronounced as the strong earnings season comes to a close and also, as the market rides the wave of the Trump tax reform which has left more money on the balance sheets of American firms.

The S&P 500 jumped 1.39% on Monday, its second consecutive day of gains, giving Wall Street a measure of confidence after experiencing its worst trading week in two years. The index primarily benefitted from the surge of 4% in the stock of Apple (AAPL) and the 3.5% jump in the stock of Amazon.

Now, with most companies having already released their Q4 2017 results – most of them succeeding in trouncing analyst forecasts – what they’re doing now is either continuing or raising their clip of stock buybacks. That, in its own right, is something that should give the market greater stability.

The big test on the S&P 500 came this past Friday, when the index succeeded in jumping past the 200-period EMA – a significant technical level it gravitated back to after having tumbled 11.8% since its last historic high on January 26th.

Daily Summary: The Dow Jones rose 1.7%, the S&P 500 jumping 1.39% and the NASDAQ tacking on 1.56%.

Despite two days of gains, in our estimate, the correction is not yet over. This past Thursday, the stock market officially entered correction territory, recording a decline of over 10% since the latest high. When push comes to shove, this is a tug of war between short-term, negative momentum, and long-term fundamentals. The long-term fundamentals will win out, but volatility is part of the equation, and has not yet abated.

On the S&P 500, 52 stocks rose to new 52-week highs, 8 dipping to new yearly lows; on the NASDAQ, 24     stocks recorded new 52-week highs, 43 falling to new yearly lows.

About 8.13 billion shares changed hands on U.S. exchanges, compared to the 8.5 billion average over     the last 20 trading days.

Tuesday: Despite two days of gains, there are hurdles that the market still has to overcome. First-off, the continued climb in governmental bond yields which indeed fell slightly yesterday, but which had nonetheless frightened the market last week. Likewise, there’s a chance that the economy is too strong, which means that inflation is hot, a fact that could bring the Fed to hike rates faster than expected.

We would be happy to see the market get back to “the meat and potatoes,” what’s really important, i.e. earnings reports. Key companies will be releasing their reports today before the opening bell: PEP, GNRC, and UA. After closing, investors will focus on the numbers of BIDU and TWLO.

Apple (AAPL), today, will be in focus with its annual stockholder meeting at 12:00 N.Y. time.

The small business optimism index will be released before the opening bell at 6:00 N.Y. time.

Index               Last

Daily change

DJX 24,601 1.70% Up
SPX 2,656 1.39% Up
NASDAQ 6,982 1.56% Up

Tuesday’s Hot Stocks: MOH, CHGG, RNG, G, VIPS, PEP, TRU, UA, GNRC, AAPL

IPOs: None

Have a great trading day!

Economic Calendar


DAY TIME (EST) Event Forecast Impact
Tuesday 6:00 NFIB Small Business Optimism Index 105.8   Medium
Wednesday 8:30 Consumer Price Index 0.3 % High
Wednesday 8:30 Retail Sales 0.3 % Medium
Wednesday 10:00 Business Inventories 0.2 % Medium
Wednesday 10:30 Oil Inventories 1.9 M barrels Low
Thursday 8:30 Jobless Claims 229 K Medium
Thursday 8:30 Philadelphia Fed Business Outlook Survey 21.5 Medium
Thursday 8:30 PPI 0.4 % High
Thursday 8:30 Empire State Mfg Survey 17.5 Medium
Thursday 9:15 Industrial Production 0.2 % Medium
Thursday 10:00 Housing Market Index 72 Medium
Friday 8:30 Housing Starts 1.230 M Medium
Friday 8:30 Import and Export Prices 0.6 % Medium
Friday 10:00 Consumer Sentiment 95.5 High



Earning Calendar


Symbol Company AM/PM Day
PEP Pepsico, Inc. AM Tuesday
TRU TransUnion AM Tuesday
BIDU Baidu, Inc. PM Tuesday
DVA DaVita Inc. PM Tuesday
FANG Diamondback Energy, Inc. PM Tuesday
MET MetLife, Inc. PM Tuesday
OXY Occidental Petroleum Corporation PM Tuesday
BG Bunge Limited AM Wednesday
DPS Dr Pepper Snapple Group, Inc. AM Wednesday
TAP Molson Coors Brewing Company AM Wednesday
WYN Wyndham Worldwide Corporation AM Wednesday
A Agilent Technologies, Inc. PM Wednesday
ABX Barrick Gold Corporation PM Wednesday
AEM Agnico Eagle Mines Limited PM Wednesday
AMAT Applied Materials, Inc. PM Wednesday
CSCO Cisco Systems, Inc. PM Wednesday
MAR Marriott International, Inc. PM Wednesday
MRO Marathon Oil Corporation PM Wednesday
NTAP NetApp, Inc. PM Wednesday
WMB The Williams Companies, Inc. PM Wednesday
PRGO Perrigo Company plc AM Thursday
SHOP Shopify Inc. AM Thursday
TRP TransCanada Corporation AM Thursday
WM Waste Management, Inc. AM Thursday
YNDX Yandex N.V. AM Thursday
ZTS Zoetis Inc. AM Thursday
ANDV Andeavor PM Thursday
ANET Arista Networks, Inc. PM Thursday
CBS CBS Corporation PM Thursday
DLR Digital Realty Trust, Inc. PM Thursday
LBTYA Liberty Global plc PM Thursday
CPB Campbell Soup Company AM Friday
DE Deere & Company AM Friday
KHC The Kraft Heinz Company AM Friday
KO The Coca-Cola Company AM Friday
SJM The J. M. Smucker Company AM Friday
TRGP Targa Resources Corp. AM Friday



Today’s Picks – Day Trading!

Symbol Breakout Breakdown Momentum Momentum
TPR 50.71   MTCH DG
SHOP 131.16   TRU ABEO
LL   23.81 SEDG  
WYNN   160.50 IMGN  


New York Strategy Swing

# Date Stock Long\


Statues Data Close Profit\


1 6.12.2017 SPLK Long Close 8.12.2017 +1.51%
2 11.12.2017 NKTR Long Close 2.1.2017 +4.57%
3 18.12.2017 SYY Long Close 19.12.2017 +0.14%
4 3.1.2018 VOYA Long Close 8.1.2017 +0.67%
5 4.1.2018 TER Long Close 10.1.2017 +0.45%
6 9.1.2018 SCG Long Close 10.1.2017 -3.35%
7 11.1.2018 CREE Long Close 16.1.2018 +1.84%
8 11.1.2018 CF Long Close 16.1.2018 +1.66%
9 18.1.2018 MARK Long Close 22.1.2018 -0.67%
10 1.2.018 SM Long Close 2.2.2018 -1.06%