Stocks to Trade 2-17-17 | DE-Deere Earnings Report

DE-Deere Earnings Report 2-17-17

John Deere BR 1936 on steel with extensions

Deere earnings: What to expect

Deere & Co. is scheduled to release its fiscal first-quarter earnings before the market opens Friday. Here’s what you need to know.

EARNINGS FORECAST: Wall Street analysts expect earnings per share of 55 cents, down from actual earnings of 80 cents last year, says Thomson Reuters. The farm and construction-equipment maker didn’t provide first-quarter profit guidance, but in November predicted profit […]

Why Earnings Season Could Be Great for Deere & Co. (DE)

Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

Deere Plows to an All-Time Intraday High Pre-Earnings

Shares of Deere (DE) are in bull market territory up 22.9% since its election day low of $88.61. The theme here is that demand for agricultural, turf and forestry equipment, and construction machinery will increase given an aggressive infrastructure spending program, one of President Trump’s pledges.

$DE Deere and Co. 2-7-17 Before Earnings

$DE Deere and Co. 2-7-17 Before Earnings

Today’s Trading Lesson…

What a Trading Journal Is Not

The word “journal” gets a bad rap. We tend to think of it as a notebook to jot down ideas that pop into our head. We picture the nostalgic and dog-eared book someone like Indiana Jones would carry.

Without guidance, many traders mistakenly document “what they traded and what the result was.” This is like writing an article about a baseball game that was nip and tuck for nine innings and you only say the score and who played. “Mets beat the Cubs 3-2.”

You want your trading journal to come alive with depth and meaning: “Today’s game had great pitching, and great defensive plays, and the winning homerun hit the top of the fence popped three feet in the air and eventually landed in the visitor’s bullpen to end the game in dramatic fashion.”

Your trading journal is not a place to write a simple recap.

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On the Tape Today | 2-17-17

$MCHP 2-17-17

$MCHP 2-17-17

MCHP Microchip Technologies closed near the high and produced an inside day. The stock offers solid room-to-go and the bullish order flow should see an attempt to approach the recent high of $76.50. Game planning for a $72 buy-stop and a swing trade target to sell of $75.75.

RRC Range Res Corp punched through $32 support and closed near the lows. a constructive sign for a new short-sale. Planning a $31 sell-stop and see minor support @ $29. The sector remains weak so I am planning to give the trade a chance to have another leg lower. The full target is @23.



$SPY 2-17-17

$SPY 2-17-17

Tape Reading the SPY ETF

$SPY profit-taking kicked in but the ETF closed in the upper third of the trading range.

I’m sure the Trump press conference didn’t help and Saturday Night Live will have a field day with it. The stock market need to take a breather ahead of the three day weekend.

The recent momentum in price action was amazing but not sustainable. The correct trade remains long, although our short call in DKS yesterday followed through nicely. Professional traders prepare a game plan for both sides of the market.

If you looked “long only,” you were frustrated yesterday. Using the open price when you expect a pull-back gives you a solid reference point to avoid picking a bottom when expected selling occurs.

Be smart ahead of the three day weekend, volume could be light today. DE reports before the open, look for that as a catalyst.

Stock Market Today: Heatmap of the S&P 500

$SP 500 2-17-17

$SP 500 2-17-17

Stocks to Trade 2-17-17 | Friday Edition

Short-Term Trading Momentum:

Bullish Momentum: EXEL

Bearish Momentum: trip, teck ,rrc, jwn, khc, dks, hal, yelp, cop, sm, cvx

Quarterly Order Flow:

Bullish Stocks to Trade: AVGO, ADSK, BA, AET, ACN, COST, FB, PRU, MCHP, NSC, EA, AAPL, IBM, HD, PNC, X, TSLA

Bearish Stocks to Trade: rrc, dks, sm, lb, psx, oxy, ups, kors, hes

2x Normal Volume: AIG, TECK, TRIP, KHC, YELP, DKS

Inside days: bac, aapl, teva, aig, pg, bmy, yhoo, baba, dal, usb, luv, low, hon, axp, lly, dhi, apa, cfg, wtfc, pnc, cof, swks


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