02-2-2018 Trade of the Day

Trading Concepts, Inc. http://ift.tt/2GS1INE

Bears Get Rare Monthly Win

MARKET SUMMARY

U.S. markets closed lower for a second-straight session to extend February’s losses following a volatile month with plenty of whipsaw action. Today’s action showed market strength throughout the day before a recent pattern of final hour selling pressure emerged to stall momentum.

The Russell 2000 plummeted 1.6% after closing at its session low for a second-straight session and is less than 1% away from falling back below the 1,500 level. For the month the index swooned 4%. The Nasdaq gave back 0.8% after closing below the 7,300 level. The index was down 1.9% for February, snapping seven-straight months of gains.

The Dow fell 1.5% after testing a low of 25,022 and the S&P 500 sank 1.1% while holding the 2,700 level. Both indexes declined 4.3% and 3.9%, respectively, for the month and were coming off 10-month winning streaks.

TRADE OF THE DAY

FEAR OF HEIGHTS

ANALYST UPGRADES / DOWNGRADES 

AB InBev (BUD) upgraded to Positive from Neutral at Susquehanna
Etsy (ETSY) upgraded to Buy at Roth Capital
Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson

Celgene (CELG) downgraded to Hold from Buy at SunTrust
e.l.f. Beauty (ELF) downgraded to Market Perform from Outperform at BMO Capital
Maxim Integrated (MXIM) downgraded to Neutral from Outperform at Macquarie

EARNINGS

Thursday's scheduled earnings include: 
Before the open: AMC Entertainment (AMC), Anheuser-Busch (BUD), Best Buy (BBY), Cott (COT), Dixie Group (DXYN), Kohl’s (KSS), NRG Energy (NRG), Pinnacle Foods (PF), QVC Group (QVCA), Sotheby’s Holdings (BID), TD Bank Group (TD), U.S. Concrete (USCR), Veritiv (VRTV)

After the close: Ambarella (AMBA), Capella Education (CPLA), Gap (GPS), Keysight Technologies (KEYS), LTC Properties (LTC), Nordstrom (JWN), Pure Storage (PSTG), Splunk (SPLK), VMware (VMW)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

Jobless Claims - 8:30am
Personal Income and Outlays - 8:30am
PMI Manufacturing Index - 9:45am
Bloomberg Consumer Comfort Index - 9:45am
ISM Manufacturing Index - 10:00am
Construction Spending - 10:00am

METALS / OIL

Gold closed at $1,317.90 an ounce, down $0.70

Silver settled at $16.41 an ounce, down $0.03

Copper finished at $3.13 a pound, down $0.05

Crude Oil closed at $61.55 a barrel, down $1.40

Bitcoin Investment Trust (GBTC) settled at $17.83, down  $0.33

Article of the Day

20 Survival Skills for the Trader

Know the difference between trading and investing. We are traders, NOT investors. Discipline is doing the right thing at the right time…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

02-2-2018 Trade of the Day

Trading Concepts, Inc. http://ift.tt/2GS1INE

Bears Get Rare Monthly Win

MARKET SUMMARY

U.S. markets closed lower for a second-straight session to extend February’s losses following a volatile month with plenty of whipsaw action. Today’s action showed market strength throughout the day before a recent pattern of final hour selling pressure emerged to stall momentum.

The Russell 2000 plummeted 1.6% after closing at its session low for a second-straight session and is less than 1% away from falling back below the 1,500 level. For the month the index swooned 4%. The Nasdaq gave back 0.8% after closing below the 7,300 level. The index was down 1.9% for February, snapping seven-straight months of gains.

The Dow fell 1.5% after testing a low of 25,022 and the S&P 500 sank 1.1% while holding the 2,700 level. Both indexes declined 4.3% and 3.9%, respectively, for the month and were coming off 10-month winning streaks.

TRADE OF THE DAY

FEAR OF HEIGHTS

ANALYST UPGRADES / DOWNGRADES 

AB InBev (BUD) upgraded to Positive from Neutral at Susquehanna
Etsy (ETSY) upgraded to Buy at Roth Capital
Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson

Celgene (CELG) downgraded to Hold from Buy at SunTrust
e.l.f. Beauty (ELF) downgraded to Market Perform from Outperform at BMO Capital
Maxim Integrated (MXIM) downgraded to Neutral from Outperform at Macquarie

EARNINGS

Thursday's scheduled earnings include: 
Before the open: AMC Entertainment (AMC), Anheuser-Busch (BUD), Best Buy (BBY), Cott (COT), Dixie Group (DXYN), Kohl’s (KSS), NRG Energy (NRG), Pinnacle Foods (PF), QVC Group (QVCA), Sotheby’s Holdings (BID), TD Bank Group (TD), U.S. Concrete (USCR), Veritiv (VRTV)

After the close: Ambarella (AMBA), Capella Education (CPLA), Gap (GPS), Keysight Technologies (KEYS), LTC Properties (LTC), Nordstrom (JWN), Pure Storage (PSTG), Splunk (SPLK), VMware (VMW)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

Jobless Claims - 8:30am
Personal Income and Outlays - 8:30am
PMI Manufacturing Index - 9:45am
Bloomberg Consumer Comfort Index - 9:45am
ISM Manufacturing Index - 10:00am
Construction Spending - 10:00am

METALS / OIL

Gold closed at $1,317.90 an ounce, down $0.70

Silver settled at $16.41 an ounce, down $0.03

Copper finished at $3.13 a pound, down $0.05

Crude Oil closed at $61.55 a barrel, down $1.40

Bitcoin Investment Trust (GBTC) settled at $17.83, down  $0.33

Article of the Day

20 Survival Skills for the Trader

Know the difference between trading and investing. We are traders, NOT investors. Discipline is doing the right thing at the right time…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

Best and Worst Forex and Commodity Performers In March (Seasonality)

Vantage Point Trading http://ift.tt/2HQLNR0

Here are the currencies and commodities that do well or poorly in March, historically. Statistics include how often the prices rise or fall, and by how much, on average. Tickers mentioned: USDMXN, USDCAD, Oil (CL, USO), Natural Gas (NG, UNG), Corn (ZC, CORN), Gold (GC, GLD), Coffee (KC, JO), and Sugar (SB, SGG). 
Also, check out the Best-Performing Stocks in March.
Statistics are based on monthly opening and closings prices, and do not reflect overall…

The post Best and Worst Forex and Commodity Performers In March (Seasonality) appeared first on Vantage Point Trading.

A photoessay of America's 24-hour daycare centers, raising the children of the overworked.

Tales from the frequent-flying life of the NBA's favorite barbers, who cut hair anywhere, anytime.

Americans bend over in a way that makes us look like cashews. A "hip-hinging" flat back is more ergonomic.

Buy this special ToB Memo Book for $3 and Field Notes will match your $3 and donate $6 to 826 National.

First Monthly Loss For Stock Market

INO.com Traders Blog http://ift.tt/2CMLOSv

Hello traders everywhere. The DOW and S&P 500 are both posting their first monthly loss in ten months. Although we seemed to be ending the month on a daily high note the trend of heading lower resumed this afternoon after the EIA reported that oil had a larger-than-expected build in U.S. stockpiles, which has pushed […]

The post First Monthly Loss For Stock Market appeared first on INO.com Traders Blog.

An expert on refugee law says immigration in America is a family story, especially the good parts.

The Morning News http://ift.tt/2t2TjoL

It's really been a consistent strand in American immigration history that families are the vehicle for integrating Americans into American society, and helping immigrants be productive members of American society.

↩︎ Code Switch

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California votes to allow truly driverless cars—i.e., no safety driver—to hit the roads in April.

Manuel Astaburuaga-Torres leaves HSBC

Home http://ift.tt/2HOF8Xz The New York-based FX cash trader has worked at the bank since 2011

Wednesday Headlines: Please do not dunk bread in orange juice.

The Morning News http://ift.tt/2sZ0myC

Take Profits On the Open - Market Looks Vulnerable

One Option Trading Blog http://ift.tt/2BY4v8L Posted 9:35 AM ET - Yesterday's market decline was a warning. Take profits on long positions on the open. We need to closely monitor the price action the next few days. I am not turning bearish, but I am much less bullish than I was yesterday. The new Fed Chairman (Powell) in his testimony before Congress suggested that four rate hikes are possible this year. That is hawkish and interest rate worries have sparked profit-taking recently. I believe that a rate hike on March 31st is likely. I thought Powell would have a more dovish tone given his statements about inflation. …

Take Profits On the Open - Market Looks Vulnerable

One Option Trading Blog http://ift.tt/2BY4v8L Posted 9:35 AM ET - Yesterday's market decline was a warning. Take profits on long positions on the open. We need to closely monitor the price action the next few days. I am not turning bearish, but I am much less bullish than I was yesterday. The new Fed Chairman (Powell) in his testimony before Congress suggested that four rate hikes are possible this year. That is hawkish and interest rate worries have sparked profit-taking recently. I believe that a rate hike on March 31st is likely. I thought Powell would have a more dovish tone given his statements about inflation. …

From "Coincidences," Jonathan Higbee's marvelous photographs of "had to be there" moments.

Thanks to the Dickey Amendment, government dollars basically can't be spent on public health research about guns.

"Don't go to bed angry" is bad advice. Instead, try to re-affirm that you're both on the same team.

A poem for your coffee break: “On the Deployment of Simile to Understand Good Marriages,” by Vona Groarke.

The Morning News http://ift.tt/2t4dDpV

Clothes stiffening into position overnight
on chairs or on the backs of chairs—
that is like a marriage too.

↩︎ The New York Review of Books

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A 26-year-old British woman is jailed for life after committing her "bucket list" murder.

Kushner's security clearance gets downgraded after a report says foreign powers tried to seek leverage over him.

Dolce & Gabbana replaced models with drones for a recent fashion show.

Is it possible to focus too much on history? Academics' responses to Black Panther suggest yes.

Thanks to two Netflix series, “narcoturistas” bring big business and painful shame to Colombia.

The Morning News http://ift.tt/2EV7PEr

Two young men stood quietly in front of Escobar’s tomb, occasionally murmuring in French. At last, one of them walked to a marble bench opposite the tomb and sat in a pose of reverent contemplation.

↩︎ The New Yorker

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Antisemitic incidents in the US surged 57% last year while Trump failed to condemn religious bigotry.

The C.D.C.'s "sneezing etiquette" prefers that you sneeze into your elbow, not your hand.

Reddit's Alexis Ohanian welcomes a healthy Serena Williams back to tennis with a series of billboards.

Fifteen percent of teens send sexts. Twelve percent send sexts of other teens without their consent.

Hasbro: Positive Earnings and Growth Ahead

INO.com Traders Blog http://ift.tt/2F34oYB

Introduction and Backdrop: Hasbro Inc. (NASDAQ:HAS) just released earnings, and the stock shot up from $94 to $103 or 9.5% as a result of navigating the challenging retail landscape and positive commentary on the conference call for future growth avenues. In mid-summer of 2017, Hasbro had witnessed a two-leg sell-off from its 52-week high of […]

The post Hasbro: Positive Earnings and Growth Ahead appeared first on INO.com Traders Blog.

02-27-2018 Trade of the Day

Trading Concepts, Inc. http://ift.tt/2GRvbqX

Market Weak on Fed Speak

MARKET SUMMARY

U.S. markets pulled back on Tuesday after Fed chair Jerome Powell gave his semiannual monetary policy report. There were no major surprises as analysts digested the news throughout the session. However, the losses worsened into the closing bell with volatility spiking ahead of tomorrow and the last trading day for the month.

The Russell 2000 stumbled 1.5% while closing at its session low of 1,536 and back below its 50-day moving average. The Nasdaq tumbled 1.2% after testing a low of 7,330 to give up February gains but remains 2% above its 50-day moving average.

The Dow dropped 1.2% after trading down to 25,407 while the S&P 500 sank 1.3% after closing on its session low of 2,744. Both indexes are holding their 50-day moving averages by less than 1% and remain in negative territory for the month.

TRADE OF THE DAY

THE ZEN OF TRADING - Part 2

ANALYST UPGRADES / DOWNGRADES 

Chipotle (CMG) upgraded to Outperform from Neutral at Baird
Itron (ITRI) upgraded to Buy from Hold at Cannacord Genuity
Winnebago (WGO) upgraded to Outperform from Market Perform at BMO Capital

Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo
Carrizo Oil & Gas (CRZO) downgraded to Sector Weight from Overweight at KeyBanc
Ingevity (NGVT) downgraded to Hold from Buy at Loop Capital

EARNINGS

Wednesday's scheduled earnings include: 
Before the open: Analog Devices (ADI), Clean Harbors (CLH), Dycom Industries (DY), Horizon Pharma (HZNP), Lowe’s (LOW), Office Depot (ODP), Sinclair Broadcast Group (SBGI), Stratasys (SSYS), TJX Companies (TJX), Vale (VALE)

After the close: 3D Systems (DDD), Box (BOX), Churchill Downs (CHDN), Ferro (FOE), Greif (GEF), Habit Restaurants (HABT), Hostess Brands (TWNK), L Brands (LB), Monster Beverage (MNST), Mylan (MYL), Salesforce (CRM), Universal Health Services (UHS)

UPCOMING ECONOMIC NEWS

Wednesday's economic reports (EST): 

MBA Mortgage Applications - 7:00am
GDP - 8:30am
Chicago PMI - 9:45am
Pending Home Sales - 10:00am

METALS / OIL

Gold closed at $1,318.60 an ounce, down $4.20

Silver settled at $16.53 an ounce, down $0.12

Copper finished at $3.18 a pound, down $0.04

Crude Oil closed at $62.84 a barrel, down $1.07

Bitcoin Investment Trust (GBTC) settled at $18.16, up  $0.34

Article of the Day

What Affects Equity Option Prices

There are seven main components that affect the premium of an option. [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

02-27-2018 Trade of the Day

Trading Concepts, Inc. http://ift.tt/2GRvbqX

Market Weak on Fed Speak

MARKET SUMMARY

U.S. markets pulled back on Tuesday after Fed chair Jerome Powell gave his semiannual monetary policy report. There were no major surprises as analysts digested the news throughout the session. However, the losses worsened into the closing bell with volatility spiking ahead of tomorrow and the last trading day for the month.

The Russell 2000 stumbled 1.5% while closing at its session low of 1,536 and back below its 50-day moving average. The Nasdaq tumbled 1.2% after testing a low of 7,330 to give up February gains but remains 2% above its 50-day moving average.

The Dow dropped 1.2% after trading down to 25,407 while the S&P 500 sank 1.3% after closing on its session low of 2,744. Both indexes are holding their 50-day moving averages by less than 1% and remain in negative territory for the month.

TRADE OF THE DAY

THE ZEN OF TRADING - Part 2

ANALYST UPGRADES / DOWNGRADES 

Chipotle (CMG) upgraded to Outperform from Neutral at Baird
Itron (ITRI) upgraded to Buy from Hold at Cannacord Genuity
Winnebago (WGO) upgraded to Outperform from Market Perform at BMO Capital

Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo
Carrizo Oil & Gas (CRZO) downgraded to Sector Weight from Overweight at KeyBanc
Ingevity (NGVT) downgraded to Hold from Buy at Loop Capital

EARNINGS

Wednesday's scheduled earnings include: 
Before the open: Analog Devices (ADI), Clean Harbors (CLH), Dycom Industries (DY), Horizon Pharma (HZNP), Lowe’s (LOW), Office Depot (ODP), Sinclair Broadcast Group (SBGI), Stratasys (SSYS), TJX Companies (TJX), Vale (VALE)

After the close: 3D Systems (DDD), Box (BOX), Churchill Downs (CHDN), Ferro (FOE), Greif (GEF), Habit Restaurants (HABT), Hostess Brands (TWNK), L Brands (LB), Monster Beverage (MNST), Mylan (MYL), Salesforce (CRM), Universal Health Services (UHS)

UPCOMING ECONOMIC NEWS

Wednesday's economic reports (EST): 

MBA Mortgage Applications - 7:00am
GDP - 8:30am
Chicago PMI - 9:45am
Pending Home Sales - 10:00am

METALS / OIL

Gold closed at $1,318.60 an ounce, down $4.20

Silver settled at $16.53 an ounce, down $0.12

Copper finished at $3.18 a pound, down $0.04

Crude Oil closed at $62.84 a barrel, down $1.07

Bitcoin Investment Trust (GBTC) settled at $18.16, up  $0.34

Article of the Day

What Affects Equity Option Prices

There are seven main components that affect the premium of an option. [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

Dueling Constitutional interpretations on whether or not sitting presidents can be indicted. (They can.)

Dunking bread in OJ, driving in silence, using only even numbers: Hundreds of people disclose their weirdest habits.

Top Performing Stocks in March (Seasonality)

Vantage Point Trading http://ift.tt/2FCZliD

These are stocks that excel in March, rising at least 79% of the time and producing as much as 9.8% gains, on average, during the month. Stocks mentioned: QCOM, MAS, AME, BBY, TIF, MDU, BIG, JACK, SBUX, PX, WSM, WMB, TJX, SIG, PII, PEP, MKC, FL, and EOG.

Seasonality is the study of how assets perform at certain times of the year. The stocks below show a strong tendency to rise in March, historically. That…

The post Top Performing Stocks in March (Seasonality) appeared first on Vantage Point Trading.

"If only gun owners had voted in the election, then Donald Trump would have won every single state save Vermont."

In a study of babies who fed themselves—without parental coaxing—more than 10% were overweight by age two.

New York street photography by Carrie Boretz from the 1970s, '80s, and '90s—before the city was sanitized.

A research study finds infants expect prejudicial treatment for those outside their ingroup.

Scientists theorize a certain microbe—or its distant relative—found on Earth may live on Saturn's moon Enceladus.

Supreme Court will likely rule public sector is right-to-work, essentially gutting half nation's remaining unions.

Tax credits and breaks resulted in Amazon effectively paying zero federal tax on $5.6 billion in US profits in 2017.

Due to climate change, many regional US economies will wither, others will boom, and once again humans will migrate.

The Morning News http://ift.tt/2EUY2tV

"If we continue on the current path, our analysis suggests that climate change may result in the largest transfer of wealth from the poor to the rich in the country's history."

↩︎ Rolling Stone

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Paintings of tranquil household interiors by Zsofia Schweger.

Trump will probably be reelected; most incumbents are, and a divided nation portends a major third-party candidate.

Cryptocurrency mining bots distributed over ad networks employ a malware technique to circumvent ad blockers.

The North Pole reached temperatures above freezing at what's normally the coldest time of year.

TP Icap reshuffles institutional ranks

Home http://ift.tt/2sZm5GV Mark Allen becomes the division’s chief operating officer

Trump's 2016 digital director—and sometime tweet ghostwriter—will likely become his 2020 campaign manager.

More than 100 cities get over 70% of their electricity from renewables—more than double from 2015.

Celebrity food scientist’s papers under review after emails show widespread data manipulation.

The Morning News http://ift.tt/2CklsLK

"What they’re doing is making a very small amount of science go a very long way when you spread it thinly and you cut it with water and modified starch. The product, which is the paper, is designed and marketed before it’s even been built."

↩︎ BuzzFeed

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