12-31-2017 Trade of the Day – MESSAGE FROM TODD

Happy New Year from all of us at Trading Concepts!

Hello to all of my Trading Concepts students, it's Todd Mitchell with a final message for the year.

As another year comes to a close, I am taking some time to count my blessings. Along with my family and friends, I am also very grateful for all my students. I would not be able to do the job I absolutely love if it weren't for you.

So thank you for being a part of Trading Concepts and for giving me and my team the opportunity to help you grow your trading career. This has been my purpose since I started Trading Concepts in 1994, and continues to be my purpose.

Please know my team and I are here for you. We want to see you continue to meet your trading goals in 2018. Please feel free to drop us a line and let us know how your trading is doing.

All of us here at Trading Concepts wish you a healthy and prosperous 2018.

Let's make it a great year!

Yours truly,

Todd Mitchell

12-28-2017 Trade of the Day

Dow Closes at Another Record High

MARKET SUMMARY

U.S. markets opened higher and showed some momentum throughout Thursday’s session, while holding onto slight gains into the closing bell. The Russell 2000 showed the most strength after rising just over 0.3% to remain within 1% of its record high. The Dow fell shy of its all-time high by 37 points, but notched its 71st record close of the year after gaining 0.3%.

The S&P 500 added 0.2% and came within 7 points of a fresh lifetime high. Meanwhile, the Nasdaq showed some morning weakness after the open, but managed to clear near-term resistance after also rising 0.2%.

TRADE OF THE DAY
TIMING IS EVERYTHING
ANALYST UPGRADES / DOWNGRADES 

Argo Group (AGII) upgraded to Outperform from Market Perform at Keefe

BruyetteRoyal Gold (RGLD) downgraded to Hold from Buy at Canaccord

Starbucks (SBUX) initiated with a Buy at Tigress Financial
Sonoma Pharmaceuticals (SNOA) initiated with a Speculative Buy at Benchmark
CommerceHub (CHUBA) initiated with an Outperform at Northland

EARNINGS

Friday's scheduled earnings include: 
Applied DNA Sciences (APDN)
eHi Car Services (EHIC)
Gee Group (JOB)
RCI Hospitality (RICK)

UPCOMING ECONOMIC NEWS

Friday's economic reports (EST): 

Baker-Hughes Rig Count - 1:00pm

METALS / OIL

Gold closed at $1,297.20 an ounce, up $5.80

Silver settled at $16.92 an ounce, up $0.16

Copper finished at $3.31 a pound, up $0.03

Crude Oil closed at $59.59 a barrel, down $0.38
Bitcoin Investment Trust (GBTC)
settled at $1,937.00, down $213.00

ARTICLE OF THE DAY
Bear Call Spreads

Let me discuss what bear call spreads are since this might be the perfect time to start utilizing them...
 [read more]


Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY

12-27-2017 Trade of the Day

Bulls Avoid Three-Session Slide

MARKET SUMMARY

U.S. markets avoided a three-session slide after squeaking out slight gains following another tight trading range. The Dow and S&P 500 climbed 0.1% and remain less than 1% away from all-time highs. The Nasdaq rose 3 points, or 0.04%, but failed to take out the prior high from last Friday. The Russell 2000 pushed near-term resistance before slipping a third-point, or 0.02%, into the closing bell.

AVOIDING WHIPSAWS
ANALYST UPGRADES / DOWNGRADES 

Callaway Golf (ELY) downgraded to Sell from Neutral at Compass Point
Hancock Holding (HBHC) upgraded to Outperform from Market Perform at Hovde Group

Celgene (CELG) downgraded to Market Perform from Outperform at Bernstein
Edison International (EIX) downgraded to Hold from Buy at Edward Jones

Agile Therapeutics (AGRX) downgraded to Market Perform from Outperform at William Blair
Ignyta (RXDX) was downgraded to Hold at SunTrust

EARNINGS

Thursday's scheduled earnings include: 
Applied DNA Sciences (APDN)
eHi Car Services (EHIC)
Gee Group (JOB)
RCI Hospitality (RICK)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

International Trade in Goods - 8:30am
Jobless Claims - 8:30am
Bloomberg Consumer Comfort Index - 9:45am

METALS / OIL

Gold closed at $1,291.40 an ounce, up $3.90

Silver settled at $16.76 an ounce, up $0.16

Copper finished at $3.28 a pound, unchanged

Crude Oil closed at $59.59 a barrel, down $0.38
Bitcoin Investment Trust (GBTC)
settled at $2,150.00, down $210.00

ARTICLE OF THE DAY
Covered Calls

Find out why covered calls are the most popular option strategy in the markets today.
 [read more]


Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY

12-26-2017 Trade of the Day

Bears Push Lower Lows

MARKET SUMMARY

U.S. markets traded in a fairly tight range to start the shortened week while finishing mixed on light volume. The Nasdaq was the session laggard after falling 0.3% while trading in negative territory throughout the session.

The S&P 500 and the Dow slipped 0.1% and 0.03%, respectively, after showing some strength on the open while failing Friday’s highs. Meanwhile, the Russell 2000 added 0.1% after trading in a 5-point range but also made a lower low than the previous session.

FEAR OF HEIGHTS
ANALYST UPGRADES / DOWNGRADES 

Herman Miller (MLHR) upgraded to Outperform from Market Perform at Raymond James
Unitil (UTL) upgraded to Buy from Hold at Janney Capital

Agile Therapeutics (AGRX) downgraded to Market Perform from Outperform at William Blair
Ignyta (RXDX) was downgraded to Hold at SunTrust

EARNINGS

Wednesday's scheduled earnings include: 
LiveDeal (LIVE)

UPCOMING ECONOMIC NEWS

Wednesday's economic reports (EST): 

MBA Mortgage Applications - 7:00am
Redbook - 8:55am
Consumer Confidence - 10:00am
Pending Home Sales Index - 10:00am

METALS / OIL

Gold closed at $1,287.50 an ounce, up $8.70

Silver settled at $16.60 an ounce, up $0.16

Copper finished at $3.28 a pound, up $0.04

Crude Oil closed at $59.74 a barrel, up $1.27
Bitcoin Investment Trust (GBTC)
settled at $2,360.00, up $370.00

ARTICLE OF THE DAY
What is a System Health Monitor

How do you know if your system is in a draw down or is broken? The answer is you don’t.
 [read more]


Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY

12-24-2017 Trade of the Day

Bulls Get Weekly Win

MARKET SUMMARY

U.S. markets closed slightly lower on Friday despite the official signing of the tax reform bill into law while ending the week with slight gains. The Dow and S&P 500 declined 0.1% but advanced 0.4% and 0.3%, respectively, for the week. Both indexes are working on 5-week winning streaks.

The Nasdaq also slipped 0.1% after trading in negative territory throughout the session but added 0.3% last week. Meanwhile, the Russell 2000 fell 0.3% on Friday while gaining 0.8% for the week.

Real Estate rebounded 0.7% while snapping a 3-session slide while Materials were up 0.4% to lead sector strength. Health Care and the Financial sectors were off 0.3% with Consumer Discretionary down 0.2%.

Energy surged 4.7% and Material rose 2.1% over the week while Utilities tanked 4.7% and Real Estate sank 2.3%.

LAST WEEK'S WORKSHOP REPLAY
THE ZEN OF TRADING - PART 2
ANALYST UPGRADES / DOWNGRADES 

Capital One (COF) upgraded to Buy from Neutral at Compass Point
Red Robin (RRGB) was upgraded to Buy from Hold at Jefferies
RE/MAX Holdings (RMAX) upgraded to Neutral from Sell at Compass Point

Bojangles (BOJA) was downgraded to Hold from Buy at Jefferies
Hovnanian (HOV) downgraded to Sell from Neutral at MKM Partners
WWE (WWE) downgraded to Neutral from Buy at Citi

EARNINGS

Tuesday's scheduled earnings include: 
There are no major companies reporting 12-26-2017.

UPCOMING ECONOMIC NEWS

Tuesday's economic reports (EST): 

Richmond Fed Manufacturing Index - 10:00am
State Street Investor Confidence - 10:00am
Dallas Fed Manufacturing Survey - 10:30am

METALS / OIL

Gold closed at $1,278.80 an ounce, up $8.20

Silver settled at $16.44 an ounce, up $0.20

Copper finished at $3.24 a pound, up $0.02

Crude Oil closed at $58.35 a barrel, down $0.01
Bitcoin Investment Trust (GBTC)
settled at $1,990.00, up $218.00

ARTICLE OF THE DAY
5 Reasons Why Stock Option Trading Is Perfect For You

The Beautiful Thing About (Stock) Options is that once again you will totally control your downside risk.
 [read more]

We will not be sending out a newsletter on Christmas Day, but we will resume Tuesday the 26th.

From all of us at Trading Concepts, we wish you a very Merry Christmas and a blessed holiday season!

Maket it a great holiday!

Todd Mitchell

QUOTE OF THE DAY

12-21-2017 Trade of the Day

Bulls Push Near-Term Resistance

MARKET SUMMARY

​U.S. markets showed strength on Thursday following two prior sessions of choppy action. Optimism over potential tax reform benefits along with a number of positive economic reports helped sentiment with near-term resistance holding.

The Russell 2000 led the way higher after rising 0.5% and coming within 8 points of its record high just south of 1,560. The Dow and S&P 500 advanced 0.2% but fell shy of their record highs by 26 and 2 points, respectively. Both remain on track to trip 25,000 and 2,700 on continued momentum. Meanwhile, the Nasdaq climbed 0.1% but failed clearing the 7,000 level for the third-straight session

TODAY'S WORKSHOP REPLAY
THE ZEN OF TRADING
ANALYST UPGRADES / DOWNGRADES 

Darden (DRI) upgraded to Buy from Hold at Argus
Exxon Mobil (XOM) upgraded to Focus List from Outperform at Scotia Howard Weil
JPMorgan (JPM) upgraded to Buy from Neutral at Buckingham

Axovant Sciences (AXON) downgraded to Hold from Buy at Jefferies
Lazard (LAZ) downgraded to Neutral from Buy at Buckingham
PG&E (PCG) downgraded to Sector Perform from Outperform at RBC Capital

EARNINGS

Friday's scheduled earnings include: 
There are no major companies reporting 12-22-2017.

UPCOMING ECONOMIC NEWS

Friday's economic reports (EST): 

Durable Goods Orders - 8:30am
Personal Income and Outlays - 8:30am
New Home Sales - 10:00am
Consumer Sentiment - 10:00am
Kansas Fed Manufacturing Index - 11:00am
Baker-Hughes Rig Count - 1:00pm

METALS / OIL

Gold closed at $1,270.60 an ounce, up $1.00

Silver settled at $16.24 an ounce, down $0.03

Copper finished at $3.22 a pound, up $0.02

Crude Oil closed at $58.23 a barrel, up $0.16
Bitcoin Investment Trust (GBTC)
settled at $1,772.00, down $611.00

ARTICLE OF THE DAY
Covered calls

Covered calls are the most popular option strategy used in today’s markets. [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

12-20-2017 Trade of the Day

Small-Caps Close Higher

MARKET SUMMARY

​U.S. markets settled mostly lower on Wednesday despite the House passing the Republican-backed tax bill with the legislation marking the President’s first major legislative victory. The official signing remains uncertain but will take effect at the start of 2018.The Russell 2000 traded in positive territory for much of the session after adding 0.3% while closing higher for the third time in four sessions.

The Dow and S&P 500 slipped 0.1% after falling just shy of new all-time highs on the open. Meanwhile, the Nasdaq gave back 3 points, or 0.04% after failing the 7,000 level for the second-straight session.

The trade of the day will resume Thursday 12-21-27
CHASING YOUR TRADES
ANALYST UPGRADES / DOWNGRADES 

Steel Dynamics (STLD) was upgraded to Buy from Neutral at Longbow
United Continental (UAL) upgraded to Buy from Neutral at Buckingham
Zimmer Biomet (ZBH) upgraded to Neutral from Sell at Goldman Sachs

Jack in the Box (JACK) downgraded to Hold from Buy at Jefferies
Navistar (NAV) downgraded to Hold from Buy at Gabelli
Spectra Energy Partners (SEP) downgraded to Equal Weight from Overweight at Barclays

EARNINGS

Thursday's scheduled earnings include: 
AAR (AIR), Accenture (ACN), Apogee Enterprises (APOG), CalAmp (CAMP), Carmax (KMX), Cintas (CTAS), Conagra Brands (CAG), Finish Line (FINL), Lindsay Manufacturing (LNN), Nike (NKE), Paychex (PAYX), Smart Global Holdings (SGH)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

GDP - 8:30am
Jobless Claims - 8:30am
Philadelphia Fed Business Outlook Survey - 8:30am
Chicago National Fed Activity Index - 8:30am
Corporate Profits - 8:30am
FHFA House Price Index - 9:00am
Bloomberg Consumer Comfort Index - 9:45am
Leading Indicators - 10:00am

METALS / OIL

Gold closed at $1,269.60 an ounce, up $5.40

Silver settled at $16.27 an ounce, up $0.12

Copper finished at $3.20 a pound, up $0.05

Crude Oil closed at $58.07 a barrel, up $0.51
Bitcoin Investment Trust (GBTC)
settled at $2,383.00, down $637.99

ARTICLE OF THE DAY
Using Options to Your Advantage

Options can be a welcome relief from the uncertainties of traditional investing practices. [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

12-19-2017 Trade of the Day

Markets Slip Ahead of Tax Reform

MARKET SUMMARY

U.S. markets opened mixed and were slightly weak throughout Tuesday’s session and ahead of the House vote on the Republican tax-reform package. After the vote was passed, the market rebounded off its lows but still closed in the red as the bill now gets sent to the Senate for a vote tonight.

The Russell 2000 was the weakest link after tumbling 0.8% while finishing a point off its session low. The S&P dropped 0.3% while the Dow fell 0.2% to snap two-session win streaks. The Nasdaq stumbled 0.4% after failing to hold the 7,000 level for the second-straight session.

TRADE OF THE DAY 
PARABOLICS 101
ANALYST UPGRADES / DOWNGRADES 

Altria Group (MO) upgraded to Buy from Hold at Berenberg
Cabot (CBT) upgraded to Buy from Hold at SunTrust
Walmart (WMT) upgraded to Buy from Neutral at Citi

Apple (AAPL) downgraded to Neutral from Buy at Nomura Instinet
Chubb (CB) downgraded to Neutral from Outperform at Credit Suisse
KB Home (KBH) downgraded to Underweight from Neutral at JPMorgan

EARNINGS

Wednesday's scheduled earnings include: 
Actuant (ATU), Bed, Bath & Beyond (BBBY), BlackBerry (BB), General Mills (GIS), Herman Miller (MLHR), Winnebago Industries (WGO)

UPCOMING ECONOMIC NEWS

Wednesday's economic reports (EST): 

MBA Mortgage Applications - 7:00am
Existing Home Sales - 10:00am

METALS / OIL

Gold closed at $1,264.30 an ounce, down $1.20

Silver settled at $16.15 an ounce, down $0.05

Copper finished at $3.15 a pound, unchanged

Crude Oil closed at $57.49 a barrel, up $0.33
Bitcoin Investment Trust (GBTC)
settled at $3,020.99, down $442.01

ARTICLE OF THE DAY
The Anatomy of a Collar

How Mark Cuban, a Billionaire, Saved a Billion Dollars By Utilizing This One Strategy... [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

12-18-2017 Trade of the Day

Nasdaq Clears 7,000

MARKET SUMMARY

U.S. markets showed continued upside momentum on prospects of a tax reform bill being passed and signed into law before the Christmas holiday. The Nasdaq traded above the 7,000 level to another record high after jumping 0.8% while the Dow moved closer to the 25,000 level after rising 0.6%.The S&P 500 added 0.5% and came within five points of clearing the 2,700 level on its 62nd record close of the year.

Meanwhile, the Russell 2000 rallied 1.2% but fell shy of setting a fresh record high by seven points just south of 1,560.

TRADE OF THE DAY 
TOLERATING UNCERTAINTY
ANALYST UPGRADES / DOWNGRADES 

Akamai (AKAM) upgraded to Outperform from Neutral at Credit Suisse
Costco (COST) upgraded to Outperform from Market Perform at BMO Capital
Twitter (TWTR) upgraded to Overweight from Neutral at JPMorgan

CSX (CSX) downgraded to Hold from Buy at TD Securities
Euronet (EEFT) downgraded to Market Perform from Outperform at William Blair
Oclaro (OCLR) downgraded to Hold from Buy at Needham

EARNINGS

Tuesday's scheduled earnings include: 
Carnival (CCL), Darden Restaurants (DRI), FactSet Research Systems (FDS), FedEx (FDX), Micron Technology (MU), Navistar International (NAV), Red Hat (RHT), ReneSola (SOL), Rev Group (REVG), Steelcase (SCS), Stitch Fix (SFIX), Worthington Industries (WOR)

UPCOMING ECONOMIC NEWS

Tuesday's economic reports (EST): 

Housing Starts - 8:30am
Current Starts - 8:30am
Redbook - 8:55am

METALS / OIL

Gold closed at $1,265.50 an ounce, up $8.00

Silver settled at $16.20 an ounce, up $0.14

Copper finished at $3.15 a pound, up $0.02

Crude Oil closed at $57.21 a barrel, down $0.18

ARTICLE OF THE DAY
Bear PUT Spreads

A bear put spread is a debit spread created by purchasing higher strike puts and selling lower strike puts with the same expiration dates. [read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

12-17-2017 Trade of the Day

Dow/ S&P 500 on 4-Week Win Streaks

MARKET SUMMARY

U.S. markets rallied on Friday while booking weekly gains, as optimism grew that the Republicans appear to have the necessary votes to pass the tax reform bill. The S&P 500 and Dow jumped 0.9% and 0.7%, respectively, to extend their weekly win streaks to four-straight while tapping fresh record highs. The Dow rose 1.3% for the week while the S&P 500 added to its half-point gain going into Friday’s session.

The Nasdaq surged 1.2% after setting a fresh all-time high while recovery the 6,900 level for the first time since late November. It was the second-straight week the index closed higher after rising 1.4%. The Russell 2000 soared 1.6% and gained 0.6% over the week. The small-cap index is less than 1% away from its record close set last month.

TRADE OF THE DAY - WORKSHOP REPLAY
FIND YOUR INNER  MORON
ANALYST UPGRADES / DOWNGRADES 

Foot Locker (FL) upgraded to Buy from Hold by Canaccord
Skechers (SKX) upgraded to Buy from Hold by Argus
Under Armour (UAA) upgraded to Buy from Hold by Stifel

Criteo (CRTO) downgraded to Market Perform from Outperform by JMP Securities
Fitbit (FIT) downgraded to Sell from Hold by Stifel
Oracle (ORCL) downgraded to Sector Perform from Outperform by RBC Capital

EARNINGS

Monday's scheduled earnings: 
Housing Market Index - 10:00am

UPCOMING ECONOMIC NEWS

Monday's economic reports (EST): 

Heico (HEI)

METALS / OIL

Gold closed at $1,257.50 an ounce, up $0.40

Silver settled at $16.16 an ounce, up $0.13

Copper finished at $3.13 a pound, up $0.06

Crude Oil closed at $57.39 a barrel, up $0.35

ARTICLE OF THE DAY
5 Reasons Why Stock Option Trading Is Perfect For You!

Number One… You can purchase a stock option for a fraction of the cost of buying the underlying stock...which means you can start trading stock options with a much smaller amount of money. Number Two… You can make money trading stock …[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

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