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12-14-2017 Trade of the Day





Russell 2000 Leads Pullback

MARKET SUMMARY

U.S. markets showed continued strength during the first half of Thursday’s action but weakened midday to finish slightly lower. The Dow traded to another all-time high for the second-straight session before sliding 0.3% to snap a five-session win streak. The S&P 500 dipped 0.4% to finish lower for the first time in six sessions after failing fresh resistance.

The Nasdaq topped the 6,900 level for the first time this month but failed its lifetime high by 13 points before declining 0.3%. Meanwhile, the Russell 2000 continues to show the most recent volatility after sinking 1.1% while holding 1,500 and a level that has held as support since mid-November.

TRADE OF THE DAY

PICKING TOPS AND BOTTOMS
ANALYST UPGRADES / DOWNGRADES 

BioMarin (BMRN) upgraded to Outperform from Neutral at Wedbush
Lululemon (LULU) upgraded to Buy from Hold at Deutsche Bank
Southwest (LUV) upgraded to Overweight from Neutral at Atlantic Equities

Nielsen (NLSN) downgraded to Underweight from Equal Weight at Barclays
Valeant (VRX) downgraded to Underweight from Neutral at JPMorgan
Verizon (VZ) downgraded to Hold on valuation at HSBC

EARNINGS

Friday’s scheduled earnings: 
There are no major companies reporting.

UPCOMING ECONOMIC NEWS

Friday’s economic reports (EST): 

Empire State Manufacturing Survey – 8:30am
Industrial Production – 9:15am
Atlanta Fed Business Inflation Expectations – 10:00am
Baker-Hughes Rig Count – 1:00pm

METALS / OIL

Gold closed at $1,257.10 an ounce, up $8.50

Silver settled at $15.93 an ounce, up $0.06

Copper finished at $3.07 a pound, up $0.02

Crude Oil closed at $57.21 a barrel, up $0.61

ARTICLE OF THE DAY
How to Avoid Beginning Trader Mistakes

It is an exciting feeling to trade in the markets, whether it is part time to build additional wealth or as a full time trader. It is even more exciting once you find…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

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12-13-2017 Trade of the Day





Market Loses Steam Following Rate Hike

MARKET SUMMARY

U.S. markets showed continued momentum throughout much of Wednesday’s session following news the House and Senate have reached an agreeent on a proposed tax bill. However, the Fed decision to raise rates by a quarter-point and the press conference afterwards caused some profit taking ahead of the closing bell. The Russell 2000 led the way higher after jumping 0.6% but is still showing a loss for the month. The Dow added 0.3% while trading to a record intraday high of 24,666 to extend its winning streak to five-straight. The S&P 500 also set a fresh all-time high after reaching an intraday peak of 2,671 but slipped a point, or 0.1%, into the closing bell. The Nasdaq advanced 0.2% but failed near-term resistance near the 6,900 for the second-straight session.

TRADE OF THE DAY

THE OPINION TRAP
ANALYST UPGRADES / DOWNGRADES 

Dentsply Sirona (XRAY) upgraded to Overweight from Neutral at JPMorgan
Extra Space Storage (EXR) upgraded to Equal Weight at Morgan Stanley
Taubman Centers (TCO) upgraded to Market Perform from Underperform at BMO Capital

Accuray (ARAY) downgraded to Underweight from Neutral at JPMorgan
Public Storage (PSA) downgraded to Underweight from Equal Weight at Morgan Stanley
Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill

EARNINGS

Thursday’s scheduled earnings include: 
Adobe Systems (ADBE), Costco Wholesale (COST), JBL Circuit (JBL), Oracle (ORCL), Sanderson Farms (SAFM), Scholastic (SCHL)

UPCOMING ECONOMIC NEWS

Thursday’s economic reports (EST): 

Jobless Claims – 8:30am
Retail Sales – 8:30am
Import and Export Prices – 8:30am
PMI Composite Flash – 9:45am
Bloomberg Consumer Comfort Index – 9:45am
Business Inventories – 10:00am

METALS / OIL

Gold closed at $1,248.60 an ounce, up $6.90

Silver settled at $15.87 an ounce, up $0.20

Copper finished at $3.05 a pound, up $0.03

Crude Oil closed at $56.73 a barrel, down $0.41

ARTICLE OF THE DAY
Why Trade Covered Calls

In a covered call trade, you are buying the underlying stock shares and selling call options against it. This strategy is best…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

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Fish Hook Pattern

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12-12-2017 Trade of the Day





Bulls Continue Record Run

MARKET SUMMARY

U.S. markets continued their flight towards fresh all-times highs but settled mixed ahead of Wednesday’s Fed decision on interest rates. The Dow and S&P 500 climbed 0.5% and 0.2%, respectively, with both indexes extending their winning streaks to four-straight. The Nasdaq slipped 0.2% after failing near-term resistance to snap its four-session win streak. Meanwhile, the Russell 2000 traded showed strength in the first half of trading before weakening while closing lower by 0.2%.

TRADE OF THE DAY

THE SCIENCE OF WINNING – PART 6
ANALYST UPGRADES / DOWNGRADES 

Activision Blizzard (ATVI) upgraded to Buy from Neutral at Goldman Sachs
Northrop Grumman (NOC) upgraded to Overweight from Neutral at JPMorgan
Verizon (VZ) upgraded to Buy from Neutral at Nomura

Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs
General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan
Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS

EARNINGS

Wednesday’s scheduled earnings include: 
ABM Industries (ABM), Aspen Group (ASPU), Nordson (NDSN), Pier 1 Imports (PIR), Tintri (TNTR)

UPCOMING ECONOMIC NEWS

Wednesday’s economic reports (EST): 
MBA Mortgage Applications – 7:00am
Consumer Price Index – 8:30am
FOMC Minutes – 2:00pm

METALS / OIL

Gold closed at $1,241.70 an ounce, down $5.20

Silver settled at $15.67 an ounce, down $0.11

Copper finished at $3.02 a pound, up $0.01

Crude Oil closed at $57.26 a barrel, down $0.73

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-10-2017 Trade of the Day



Dow/ S&P 500 Up 3-Straight Weeks

MARKET SUMMARY

U.S. markets ended the week with upside momentum with the S&P 500 and Dow gaining 0.6% and 0.5% while settling at record closing levels. Although fresh all-time highs weren’t reached, the moves turned the S&P 500 and Dow positive for the week, with both advancing 0.4%

The Nasdaq Composite was up 0.4% but ended with a weekly decline of 0.1%. The Russell 2000 added a point on Friday, or 0.1%, but also closed the week with a loss of just over 1%.

TRADE OF THE DAY

THE SCIENCE OF WINNING – PART 4
ANALYST UPGRADES / DOWNGRADES 

Boston Scientific (BSX) upgraded to Strong Buy from Buy at Needham
Perrigo (PRGO) upgraded to Buy from Hold at Argus
Vantiv (VNTV) upgraded to Buy from Neutral at Buckingham

Ball Corp. (BLL) downgraded to Underweight from Sector Weight at KeyBanc
Ciena (CIEN) downgraded to Neutral from Overweight at Piper Jaffray
HollyFrontier (HFC) downgraded to Underperform from Neutral at BofA/Merrill

EARNINGS

Monday’s scheduled earnings include: 
Casey’s General Stores (CASY), Investors Real Estate Trust (IRET), Liberty Tax (TAX), KMG Chemicals (KMG), Peregrine Pharmaceuticals (PPHM), Quanex Building Products (NX)

UPCOMING ECONOMIC NEWS

Monday’s economic reports (EST): 

JOLTS – 10:00am

METALS / OIL

Gold closed at $1,248.40 an ounce, down $4.70

Silver settled at $15.82 an ounce, up $0.02

Copper finished at $2.98 a pound, up $0.01

Crude Oil closed at $57.34 a barrel, up $0.64

ARTICLE OF THE DAY
Put Options – What You Need to Know…

Put options give the buyer the right, but not the obligation, to sell an underlying asset at the strike price…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-07-2017 Trade of the Day



Russell 2000 Leads Bullish Rebound

MARKET SUMMARY

U.S. markets showed strength throughout Thursday’s session to end multi-session losing streaks ahead of a key budget deal to keep the government running. The Russell 2000 led the way higher after gaining 0.8% while the S&P 500 added 0.3% with both indexes snapping four-session losing streaks. The Dow closed in the green for the first time in six sessions after climbing 0.3% and the Nasdaq rose for the second-straight session after advancing 0.5%.

TRADE OF THE DAY

THE SCIENCE OF WINNING – PART 3
ANALYST UPGRADES / DOWNGRADES 

AK Steel (AKS) upgraded to Overweight from Neutral at JPMorgan
Lululemon (LULU) upgraded to Hold from Sell at Canaccord
Shake Shack (SHAK) upgraded to Equal Weight from Underweight at Morgan Stanley

Priceline (PCLN) downgraded to Neutral from Buy at MKM Partners
Toll Brothers (TOL) downgraded to Outperform from Strong Buy at Raymond James
Yelp (YELP) downgraded to Underweight from Neutral at Piper Jaffray

EARNINGS

Friday’s scheduled earnings include: 
Johnson Outdoors (JOUT)

UPCOMING ECONOMIC NEWS

Friday’s economic reports (EST): 

Employment Report – 8:30am
Consumer Sentiment – 10:00am
Wholesale Trade – 10:00am
Baker-Hughes Rig Count – 1:00pm

METALS / OIL

Gold closed at $1,253.10 an ounce, down $13.00

Silver settled at $15.80 an ounce, down $0.15

Copper finished at $2.96 a pound, unchanged

Crude Oil closed at $56.61 a barrel, up $0.65

ARTICLE OF THE DAY
How to Avoid Making Trading Mistakes

It is an exciting feeling to trade in the markets, whether it is part time to build additional wealth or as a full time trader…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-06-2017 Trade of the Day



Dow Down 5-Straight

MARKET SUMMARY

U.S. markets continued their recent pattern of showing strength on the open and weakness afterwards to close Wednesday’s session mixed. The Nasdaq gained 0.2% to snap a three-session slide while the S&P 500 slipped a third-point, or 0.01%. The Dow declined 0.2% while closing in the red for the fifth-straight session. The Russell 2000 extended its losing streak to four-straight after sinking another 1.5% while holding the 1,500 level.

TRADE OF THE DAY

THE SCIENCE OF WINNING – PART 2
ANALYST UPGRADES / DOWNGRADES 

Carnival (CCL) upgraded to Equal Weight from Underweight at Morgan Stanley
Express Scripts (ESRX) upgraded to Market Perform from Underperform at Bernstein
L3 Technologies (LLL) upgraded to Outperform from Sector Perform at RBC Capital

AutoZone (AZO) downgraded to Neutral from Buy at Guggenheim
Chemours (CC) downgraded to Neutral from Buy at Goldman Sachs
Toll Brothers (TOL) downgraded to Sector Weight from Overweight at KeyBanc

EARNINGS

Thursday’s scheduled earnings include:

American Outdoor Brands (AOBC), Cantel Medical (CMD), Ciena (CIEN), Copper Companies (COO), Duluth Holdings (DLTH), Finisar (FNSR), GMS (GMS), JinkoSolar Holdings (JKS), Liberty Tax (TAX), Methode Electronics (MEI), Peak Resorts (SKIS), Toro (TTC), Science Applications (SAIC), United Natural Foods (UNFI), Vail Resorts (MTN)

UPCOMING ECONOMIC NEWS

Thursday’s economic reports (EST): 

Challenger Job-Cut Report – 7:00am
Jobless Claims – 8:30am
Bloomberg Consumer Comfort Index – 9:45am
Quarterly Services Survey – 10:00am
Consumer Credit – 3:00pm

METALS / OIL

Gold closed at $1,266.10 an ounce, up $1.20

Silver settled at $15.95 an ounce, down $0.12

Copper finished at $2.96 a pound, up $0.01

Crude Oil closed at $55.93 a barrel, down $2.43

ARTICLE OF THE DAY
Why It’s Good to Use Algorithms In Your Trading

No longer do trading floors belong to adrenaline-fueled dealers aggressively executing orders from brokers who relied on research, experience and gut instinct to invest…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-05-2017 Trade of the Day



Small-Caps Get Whacked

MARKET SUMMARY

U.S. markets settled to the downside on Tuesday with the Dow dipping 0.5% following its run to record highs on Monday. The Nasdaq cleared 6,800 intraday but slipped another 0.2% after trying to bounce back from several sessions of under performance. The S&P 500 traded in a tight right before giving back 0.4% while the Russell 2000 showed the most weakness after tanking 1.3%.

TRADE OF THE DAY

THE SCIENCE OF WINNING – PART 1
ANALYST UPGRADES / DOWNGRADES 

McDonald’s (MCD) upgraded to Buy from Hold at Jefferies
Snap (SNAP) upgraded to Overweight from Equal Weight at Barclays
United Technologies (UTX) upgraded to Overweight from Neutral at Atlantic Equities

Allegiant Travel (ALGT) downgraded to Neutral from Buy at Buckingham
Madison Square Garden (MSG) downgraded to Equal Weight at Morgan Stanley
Robert Half (RHI) downgraded to Underperform from Neutral at Macquarie

EARNINGS

Wednesday’s scheduled earnings include:

American Eagle Outfitters (AEO), Analogic (ALOG), Blue Bird (BLBD), Broadcom (AVGO), Cherokee (CHKE), Fred’s (FRED), Greif (GEF), H&R Block (HRB), IEC Electronics (IEC), Keysight Technology (KEYS), Korn/ Ferry International (KFY), Ollie’s Bargain Outlet (OLLI), Secure Works (SCWX), Tailored Brands (TLRD), Vera Bradley (VRA), Verint Systems (VRNT)

UPCOMING ECONOMIC NEWS

Wednesday’s economic reports (EST): 

MBA Mortgage Applications – 7:00am
ADP Employment Report – 8:15am
Productivity and Costs – 8:30am

METALS / OIL

Gold closed at $1,264.90 an ounce, down $12.80

Silver settled at $16.07 an ounce, down $0.30

Copper finished at $2.95 a pound, down $0.14

Crude Oil closed at $57.47 a barrel, down $0.89

ARTICLE OF THE DAY
The Power of CALL Options

Call options give the buyer the right, but not the obligation, to purchase an underlying asset…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-04-2017 Trade of the Day



Bulls Fail to Hold Record Gains

MARKET SUMMARY

U.S. markets closed mostly lower to start the week despite Monday morning merger news and the preliminary passage of the tax bill after Friday’s closing bell. The Dow traded to an all-time intraday high of 24,534 but added just 0.2% on the pullback afterwards. The S&P 500 pushed a lifetime peak of 2,665 before giving back nearly 3 points, or 0.1%, into the closing bell.

The Russell 2000 reached a record high north of 1,559 shortly after the open but struggled holding its gains while finishing 0.8% lower. Meanwhile, the Nasdaq opened in positive territory but failed the 6,900 level by a point before spending the majority of the session underwater after dropping just over 1%.

TRADE OF THE DAY

THE WINNING TRADER’S MINDSET – PART 4
ANALYST UPGRADES / DOWNGRADES 

eBay (EBAY) upgraded to Outperform from Market Perform at BMO Capital
Owens Corning (OC) upgraded to Top Pick from Outperform at RBC Capital
UPS (UPS) upgraded to Buy from Hold at Deutsche Bank

Charter (CHTR) downgraded to Underweight from Equal Weight at Barclays
Old Dominion (ODFL) downgraded to Sell from Hold at Deutsche Bank
Public Storage (PSA) was downgraded to Underperform from Neutral at BofA/Merrill.

EARNINGS

Tuesday’s scheduled earnings include:

AutoZone (AZO), Bank of Montreal (BMO), Barnes & Noble Education (BNED), Dave & Buster’s Entertainment (PLAY), Dynagas (DLNG), Funko (FNKO), G-III Apparel Group (GIII), HealthEquity (HQY), HD Supply Holdings (HDS), J. Jill (JILL), Lands’ End (LE), Oxford Industries (OXM), Toll Brothers (TOL), Veeva Systems (VEEV)

UPCOMING ECONOMIC NEWS

Tuesday’s economic reports (EST): 

International Trade – 8:30am
Redbook – 8:55am
PMI Services Index – 9:45am
ISM Non-Manufacturing Index – 10:00am

METALS / OIL

Gold closed at $1,277.70 an ounce, down $4.60

Silver settled at $16.37 an ounce, down $0.02

Copper finished at $3.09 a pound, unchanged

Crude Oil closed at $57.17 a barrel, down $0.94

ARTICLE OF THE DAY
20 Rules for Trading Success

Here are 20 rules that you need to use in order to become a consistently successful trader over the long run…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

12-03-2017 Trade of the Day



Bulls Get Weekly Win Despite Volatility

MARKET SUMMARY

U.S. markets closed lower on Friday after recovering steep losses midday while managing to close the week higher. The Dow has its best week of the year after surging 2.9% but giving back 0.2% to snap a 5-session win streak. The S&P 500 also slipped 0.2% while adding 1.5% for the week, its biggest weekly gain since September.

The Nasdaq stumbled 0.4% to extend its weekly loss to 0.6% while closing below the 6,900 level for the 3rd-straight session. The Russell 2000 fell 0.5% but jumped 1.2% for the week and is just 1% below last Thursday’s all-time high.

TRADE OF THE DAY

THE WINNING TRADER’S MINDSET – PART 3
ANALYST UPGRADES / DOWNGRADES 

Agco (AGCO) upgraded to Conviction Buy from Neutral at Goldman Sachs
Mellanox (MLNX) upgraded to Buy from Neutral at Longbow
Vantiv (VNTV) upgraded to Outperform from Neutral at Wedbush

Priceline (PCLN) downgraded to Hold from Buy at Argus
Regeneron (REGN) downgraded to Neutral from Buy at Citi
VMware (VMW) was downgraded to Hold from Buy at Gabelli

EARNINGS

Monday’s scheduled earnings include:

Ascena Retail Group (ASNA), Coupa Software (COUP), GW Pharmaceuticals (GWPH)

UPCOMING ECONOMIC NEWS

Monday’s economic reports (EST): 

Factory Orders – 10:00am
TD Ameritrade IMX- 12:30pm

METALS / OIL

Gold closed at $1,282.30 an ounce, up $5.60

Silver settled at $16.39 an ounce, down $0.09

Copper finished at $3.09 a pound, up $0.03

Crude Oil closed at $57.17 a barrel, down $0.19

ARTICLE OF THE DAY
Exiting an Option Position

Once you own options, there are three methods that can be used to make a profit or avoid loss…[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Read Full Article Here

Posted in Trading Concepts Daily Actionable Trade Videos | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment