Market 2018-04-04 (Kudlow Rally, Home Builders, and more)

Market has another wild swing, from deep red (-2%) to a rally (>+1%). After two-day gaining, indices have almost recovered the loss from Monday. Some are calling this the Kudlow rally. The president's new chief economic adviser, Kudlow mid-morning stepped out to say there's no trade war. "What you've got is the early stage of a process ... There's already back-channel talks going on ... At the end of this whole process, the end of the rainbow, there's a pot of gold." Yesterday after market close, US announced 301 investigation results and tariffs list. China responded in few hours with new list including auto, airplane and soy bean. SOYB was sold off at the market open, which also recovered most of the early loss, ending with -1.8%. CORN -1.9%. Gold miners turned from gain to loss, NUGT -1%. 

Treasury: 30-year -0.26%. 10-yr -0.12%. 5-yr -0.09%. TLT -0.2%.
Crude +0.13% to $63.59. Gold 0% to $1,337.30. UUP flat.

Winners

LEN +10%, reported Q1 EPS of $1.11 beats by $0.34. Revenue of $2.98B (+27.4% Y/Y) beats by $400M. Home builders followed with a rally: DHI +6.4%, PHM +6.4%, KBH +4.8%, TOL +4.1%, ITB +4.6%, XHB +3.3%, HD +2%, LOW +3%.

Retailers are still strong: UAA +6.4%, UA +6.2%, FL +4.2%, NKE +2.6%, GPS +2.2%, M +3.8%, KSS +2.9%, TGT +3.4%, COST +1.6%, KR +2.1%...

KMX +4.6% after reporting Q4 EPS of $0.88 beats by $0.01. Revenue of $4.08B (+0.7% Y/Y) misses by $90M.

 TSLA +7.3% continues its bounce-back. OSTK jumped 9.9%.

ADBE +4.2%, MSFT +2.9%, IBM +2.9%. 

Biotech gains big today (IBB +2.9%), CELG +4.2%.

Losers

BA -1% is the worst in Dow 30. CAT flat, DEERE (DE -2.9%), JBHT -1.5%, all possible victims of Chinese retaliation.

SOYB  -1.8%. CORN -1.9%

 FB -0.7%, has been stay within the range of $150~160 for a while.

No Trade Today

Didn't dare to add new position, not willing to sell shares during current rally mode.

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