US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXM19 Weekly – Consolidated at the 98 highs then suffered the “tweet”. Trade pressures are up. Volumes are bullish. Daily – A retest of the 98 highs was rejected at the downward sloping upper median line. Trade pressures are down into the neutral zone. Volumes closed bearish with the ‘tweet’. Any new…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLN19 Weekly – Broke support and now in a new move down. Trade pressures are  down. Volumes are bearish. Daily – Flat. The original 63.70 short is still in effect. Trade pressures are down. Volumes are bearish. Moved sharply this week thru the 54.50 downside target  and the stopped at the 53.35…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGN19 Weekly – In the downtrend. Trade pressures are down. Volumes are bearish. Near the 2.59 lows. Daily – Flat. At the 2.63 downside target. Trade pressures are down. Volumes are bearish. The next target down is 2.51. A close above 2.66 would signal higher. [6-3-19: The new long  signal would…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at the downside targets following the equity market down. Gold is in consolidation at the 1280 level; watching the interest rates. Silver has met it’s downside target and i also in consolidation.

Crude oil dropped sharply on concerns of slowing demand, but is at a downside target and could retrace some of this recent move down.. Natural Gas is quiet.

The US 30 Yr Treasury Bond rallied to multiple upside targets. Expect some profit taking.

The US Dollar futures ran up to new highs and immediately pulled back to support levels.

_____________________

S&P 500 Futures_

Monthly – In the move up from the 2904 levels. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly – In the move up from the 2592 long entry level. Trade pressures are up but declining. Volumes are bearish. The next target up is 3039. A close below 2802 would confirm any weekly move lower.

Daily – Short. In the move down from the 2842 short entry.  Trade pressures are down into the neutral zone. Volumes are bearish.

The next target  down is 2792.

A close above 2950 would signal a new move up.

Set stops now at the 25×5 MA at 2890 and then move the stops to breakeven with any break below the 2799 lows.

[5-28-19: Lower stops to the breakeven at 2842.]

____________________

Navellier Top 8 Stocks – The $100,000 Model Portfolio closed the week at approximately $111,000 down from the $119,000 highs earlier in the first quarter. Three portfolio changes will be made at the Tuesday open after the holiday weekend. Keysight Tech (KEYS), VMWare (VMW), and Haverty’s (HVT) will replaced by Chipotle (CMG), Ubiquiti Networks (UBNT), and Ingersoll Rand (IR).

___________________

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXM19 Weekly – Remains in the consolidation at these 98 levels. Trade pressures are up. Volumes remain bullish. Daily – Ran to new highs and tested the 98.22 upside March cycle target before turning lower sharply. The two day drop took The USD to 97.41 and is now resting on the lower…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE CLN19 Weekly – Sharp pullback, but still in the uptrend. Trade pressures are down. Volumes are now bearish. Daily – Flat. In the second leg down from the 62.41 short entry level. Trade pressures are down. Volumes are neutral. Now at the 57.33 downside target; expect consolidation here. A close above 61.67…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGN19 Weekly – Five weeks into this move down. Trade pressures are down. Volumes are bearish. Daily – Flat. In the move down from the 2.91 level. Trade pressures are down. Volumes are bearish. The next target  down is 2.63. A close above 2.70 would signal a retracement up, probably only…

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Navellier Top Stocks for June

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

AutoZone, Inc. (AZO) secures the top slot again this month, thanks in part to a stunning earnings report earlier this week. As a leading retailer of automotive parts and accessories, AutoZone operates 5,686 stores in the U.S., 576 stores in Mexico and 25 stores in Brazil. And during the latest quarter, the company opened 35 new stores in the U.S., eight stores in Mexico and three stores in Brazil.

For the company’s third quarter in fiscal year 2019, AutoZone reported that revenue increased 4.6% year-over-year to $2.8 billion. That topped estimates for $2.77 billion. AutoZone also reported that earnings grew 10.7% year-over-year to $405.9 million, and earnings per share jumped 19.2% year-over-year to $15.99. The analyst community was looking for earnings of $15.14 per share, so AutoZone posted a 5.6% earnings surprise.

Wall Street cheered the stunning third-quarter report and drove AZO shares more than 5% higher this week. Looking forward, analysts have continued to increase earnings forecasts for the current quarter and full-year 2019. AZO is a Conservative buy below $1,127.

SOM Technicals:

4-27-19: Closed at 1033.97. Trade pressures are down. Volumes are bearish. At support after reaching the 1024 target. Now in consolidation with a possible retracement.

5-4-19: Closed at 1033.36. Trade pressures are down but rising. Volumes are bearish. Riding the 25×5 MA as support.

5-11-19: Closed at 1001.03. Trade pressures are down. Volumes are bullish. In a retracement after reaching the target at 1024. The next target down is 975.

5-18-19: Closed at 984.09. Trade pressures are down. Volumes are bearish.In the move down. the next target down is 950.

5-25-19: Closed at 1052. Trade pressures are up. Volumes are bullish. The next new long entry is 1057.58.

5-31-19: Closed at 1026.98. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 1000.

6-15-19: Closed at 1119.64. Trade pressures are up. Volumes are bullish. The next target up is 1139.

6-22-19: Closed at 1118.47. Trade pressures are up. Volumes are bullish. The next target up is 1200.

 

Cadence Design Systems, Inc. (CDNS) also maintains its spot on the Top 5 Stocks list this month. If you recall, the company provides electronic design automation (EDA) software and hardware, which are tools that play an integral role in the electronics design chain.

Recently, Cadence Design Systems announced that it was expanding its Tensilica Vision DSP product line with the Tensilica Vision Q7 DSP. The new product is designed to meet requirements for embedded vision and artificial intelligence (AI) applications. The Vision Q7 DSP offers two times more AI and vision performance for several markets, including automotive, mobile and surveillance.

In the first quarter, CDNS reported 11.6% annual revenue growth and 34.5% annual earnings growth—and its earnings of $0.54 per share topped estimates by 10.2%. Since this earnings beat, analysts have upped earnings per share estimates for the second quarter. The consensus estimate now calls for 17.8% annual earnings growth and 11.8% annual sales growth. CDNS is a Conservative buy below $69.

SOM Technicals:

4-27-19: Closed at 68.22. Trade pressures are up. Volumes are neutral. At the highs with a new long entry at 69.21 above.

5-4-19: Closed at 70.27. Trade pressures are up. Volumes are bullish. In a new move up from the 68.45 level.

5-11-19: Closed at 69.36. Trade pressures are up but declining. Volumes are bullish. At the new long entry of 68.45.

5-18-19. Closed at 68.66. Trade pressures are up. Volumes are neutral. In the move up from the 68.45 long entry.

5-25-19: Closed at 63.99. Trade pressures are down. Volumes are bearish. The next target down is the 62.82 prior low.

5-31-19: Closed at 63.57. Trade pressures are down, Volumes are bearish. 62.58 is support.

6-15-29: Closed at 67.72. Trade pressures are up. Volumes are bullish. The next target up is 79.97.

6-22-19: Closed at 71.37.  Trade pressures are up. Volumes are up. The next target up is 76.41.

 

Chipotle Mexican Grill, Inc. (CMG) is the popular Mexican fast-food restaurant chain that we added to the High-Growth Investments Buy List in the May Monthly Issue. The company prides itself in preparing high-quality food by hand in real kitchens, and it’s this commitment that has helped the company expand over the past few years. Chipotle operates nearly 2,500 restaurants.

In the first quarter, Chipotle opened 15 new restaurants, and saw a 9.9% increase in comparable restaurant sales. Total first-quarter sales jumped 13.9% year-over-year to $1.3 billion. And first-quarter adjusted earnings per share soared 59.6% year-over-year to $3.40, which topped estimates for $2.99 per share by 13.7%.

In light of the stunning first-quarter report, the analyst community has increased its second-quarter forecasts. Earnings per share are now expected to grow 30.3% year-over-year, and revenue is forecast to rise 10.8% year-over-year. Chipotle has posted a positive earnings surprise in each of the last four quarters, and it looks like it’s gearing up for another stunning quarter. CMG is a Moderately Aggressive buy below $723.

SOM Technicals:

5-25-19: Closed at 662.60. Trade pressures are down. Volumes are bearish. The next target down is 641.

5-31-19. Closed at 659.97. Trade pressures are down. Volumes are bearish. The next target down is 648.50.

6-15-29: Closed at 740.68. Trade pressures are up Volumes are bullish. In the new move up from the 722 long entry.

6-22-19: Closed at 727.27. Trade pressures are up. Volumes are bearish. After market pulls back on earnings.

 

Ubiquiti Networks, Inc. (UBNT) was also added to the High-Growth Investments Buy List in the May Monthly Issue. If you recall, the wireless telecommunications company develops high-performance networking products and solutions for service providers and businesses worldwide. The stock has grown more volatile recently due to the ongoing U.S.-China trade tensions, but Ubiquiti Networks continues to grow its top and bottom lines, which makes the recent dip a great buying opportunity.

On May 10, Ubiquiti Networks reported better-than-expected earnings for its third quarter in fiscal year 2019. Third-quarter earnings soared 28.6% year-over-year to $88.9 million, or $1.26 per share, which topped estimates for $1.10 per share. Revenue grew 13.8% year-over-year to $284.9 million.

Looking further out, Ubiquiti Networks expects to achieve full-year 2019 revenue between $1.1 billion and $1.2 billion, or about 8% annual revenue growth. Earnings per share are forecast to be between $4.00 and $4.80 per share, or 8.4% to 30.1% annual earnings growth.

The company also continues to reward its shareholders. Ubiquiti Networks will pay a quarterly dividend of $0.25 per share on May 28. All shareholders of record on May 20 will receive the dividend. The stock has a 0.8% dividend yield. UBNT is a Moderately Aggressive buy below $141.

SOM Technicals:

5-25-19: Closed at 126.88. Trade pressures are down. Volumes are bearish. The 200 day MA is below at 116.51.

5-31-19: Closed at 120.31. Trade pressures are down. Volumes are neutral. Support is at 117.35, the 200 day MA.

6-15-19: Closed at 128.24. Trade pressures are up into the neutral zone. Volumes are bearish. Then 25×5 MA is acting as resistance.

6-22-19: Closed at 128.42. Trade pressures are in the neutral zone. Volumes are bearish. Support is at 120.65, the 200 day MA.

 

Xilinx, Inc. (XLNX) has dipped about 14% in the past four weeks due to the renewed U.S.-China trade war fears and the U.S.’s moves to block Huawei Technologies’ products in the U.S. As you know, Xilinx is a big player in the 5G space, as it is developing semiconductor chips for 5G. So, I’m viewing the recent dip in XLNX as a great buying opportunity.

In fact, Xilinx looks stronger than ever. During the company’s fiscal year 2019, Xilinx achieved record revenues of $3.06 billion. That represented 24% annual revenue growth. The company also reported full-year earnings of $892 million, or $3.48 per share.

Thanks to the strong full-year results and positive guidance, analysts have brushed off the Huawei drama and have upped their top- and bottom-line forecasts for XLNX in recent weeks. For its first quarter in fiscal year 2020, the consensus estimate calls for 24.3% annual revenue growth and 28.4% annual earnings growth.

Xilinx will also pay a quarterly dividend of $0.37 per share on June 3. All shareholders of record on May 16 will receive the dividend. The stock has a 1.2% dividend yield. XLNX is a Moderately Aggressive buy below $112.

SOM Technicals:

3-31-19: Closed at 126.79. Trade pressures are down but rising. Volumes are beaerish. 128.01 is a new long entry price.

4-5-19: Closed at 129.08. Trade pressures are in the neutral zone. Volumes are bullish. Uptrend support is at 125.15.

4-13-19: Closed at 134.41. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-19-19: Closed at 134.95. Trade pressures are up. Volumes are bullish. The next target up is 146.53.

4-27-19: Closed at 118.93. Trade pressures are down. Volumes are neutral. After the sharp move down on the forward guidance, price is now at the 115.78 downside target. Expect some consolidation here.

5-4-19: Closed at 119.02. Trade pressures are down . Volumes are neutral. Sitting on support. Next target down is 105.00.

5-11-19: Closed at 116.92. Trade pressures are down and trending. Volumes are bearish. The next target down is the 110 lows.

5-18-19: Closed at 104.67. Trade pressures are down and trending. Volumes are bearish. the next target down is 99.54.

5-25-19: Closed at 101.21. Trade pressures are down. Volumes are bearish. The 200 day is acting as support at 97.00.

5-31-19: Closed at 102.31. Trade pressures are down but rising. Volumes are neutral. Support is at 98.88.

6-15-19: Closed at 105.42. Trade pressures are in the neutral zone. Volumes are neutral. 112 should start a new move up.

6-22-19: Closed at 112.41. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 121.75.

 

Elite Dividend Payers

Arbor Realty Trust, Inc. (ABR) remains one of my favorite dividend stocks, as it continues to earn the coveted AA-rating. In other words, Arbor Realty Trust still receives an A-rating in Dividend Grader and in Portfolio Grader, which means it offers the perfect blend of income and growth.

On May 10, Arbor Realty Trust released earnings for its first quarter in fiscal year 2019. The REIT reported first-quarter earnings came in at $22.7 million, or $0.26 per share, down from earnings of $26.2 million, or $0.42 per share in the same quarter a year ago. That fell short of the consensus estimate for $0.28 per share.

However, if you recall, adjusted funds from operations (AFFO) is the more important metric for REITs. Arbor Realty Trust reported first-quarter AFFO of $35.5 million, or $0.33 per share, compared to AFFO of $21.4 million, or $0.25 per share in the first quarter of 2019.

Arbor Realty Trust also announced that it will pay a quarterly dividend of $0.28 per share on Friday, May 31. All shareholders of record on May 23 will receive the dividend. The dividend represents a 12% increase over the dividend paid in the same quarter a year ago. The stock has an 8.4% dividend yield. ABR is a Conservative buy below $14.

SOM Technicals:

2-22-19: Closed at 12.96. Trade pressures are up. Volumes are bullish. The next target up is 14.37.

3-1-19: Closed at 12.89. Trade pressures are up. Volumes are neutral. The next target up is 14.37.

3-8-19: Closed at 12.67. Trade pressures are down into the neutral zone. Volumes are bearish, the 25×5 MA is at 12.48.

3-15-19: Closed at 12.86. Trade pressures are in the neutral zone. Volumes are neutral. ABR goes ex dividend this next week.

3-23-19: Closed at 12.83. Trade pressures are down into the neutral zone. Volumes are bearish.  Sitting on the old target of 12.58 and the 25×5 moving average.

3-31-19: Closed at 12.97. Trade pressures are up. Volumes are bearish. In consolidation at the 25×5 MA.

4-5-19: Closed at 13.54.  Trade pressures are up. Volumes are bearish. Uptrend support is at 12.96.

4-13-19: Closed at 13.74. Trade pressures are up and extended. Volumes are bullish. The next target up is 14.37.

4-19-19: Closed at 13.67. Trade pressures are up and turning down. Volumes are bullish. Support at 13.24.

4-27-19: Closed at 13.79. Trade pressures are up but in decline. Volumes are bullish. The next target up is 14.37.

5-4-19: Closed at 13.80. Trade pressures are down. Volumes are bullish. support at 13.58.

5-11-19: Closed at 13.05. Trade pressures are down. Volumes are bullish. At the prior high of 12.60.

5-18-19: Closed at 13.10. Trade pressures are up into the neutral zone. Volumes are neutral. Support at 12.50.

5-26-19: Closed at 12.94. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 12.50.

5-31-19: Closed at 12.31. Trade pressures are sown. Volumes are bearish. Support is at the 12.31 moving average.

6-15-19: Closed at 12.30. Trade pressures are down. Volumes are bearish. Sitting on support.

6-22-19: Closed at 12.27. Trade pressures are rising into the neutral zone. Volumes re bearish. Sitting on the 12.15. support line.

 

Capital Southwest Corporation (CSWC) is a Texas-based business development company that provides flexible financing solutions for acquisitions, buyouts, capital investments and recapitalizations. As such, the company has a very diverse portfolio, with investments in business services, energy, healthcare, media and software.

Capital Southwest Corporation plans to release earnings results for its fourth quarter and fiscal year 2019 after the stock market closes on June 3. Analysts are looking for earnings to jump 42.9% year-over-year to $0.40 per share, up from $0.28 per share in the same quarter a year ago. Fourth-quarter revenue is expected to soar 45% year-over-year to $14.32 million.

The company also continues to reward its shareholders, as it’s paid a dividend for 12-straight quarters. CSWC’s fourth-quarter dividend of $0.38 per share represented a 35.7% increase over the $0.28 per share paid in the same quarter a year ago. The stock has a 6.8% dividend yield. CSWC is a Conservative buy below $23.

SOM Technicals:

3-31-19: Closed at 21.04. Trade pressures are up into the neutral zone. Volumes are bearish. The next support is at 19.49.

4-5-19: Closed at 21.48. Trade pressures are up but turning down. Volumes are bullish. Sitting on the support line at 21.34.

4-13-19: Closed at 21.31. Trade pressures are down. Volumes are bearish. Support is at 19.66, the 200 day MA.

4-19-19: Closed at 21.59. Trade pressures are up. Volumes are bullish. Near the 21.66 target, expect more consolidation.

4-27-19: Closed at 21.40. Trade pressures are down. Volumes are bearish. Sitting on support at 21.39.

5-4-19: Closed at 21.80. Trade pressures are up into the neutral zone. Volumes are bullish. Side ways move.

5-11-19: Closed at 22.37. Trade pressures are up. Volumes are bullish. Met the 22.07 target and consolidating. Up in a down market.

5-18-19: Closed at 22.26. Trade pressures are up and declining. Volumes are bullish. At the 22.50 first target up. The next target up is 23.42. 

5-25-19: Closed at 22.20. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 21.97 on the 25×5 MA.

5-31-19: Closed at 21.57. Trade pressures are down. Volumes are bearish. In a new downtrend support at 20.28.

6-15-19: Closed at 21.72. Trade pressures are neutral. Volumes are bearish. The next target up is 23.32.

6-22-19: Closed at 21.50. Trade pressures are don into the neutral zone. Volumes are bearish. Support at 20.41, the 200 day MA.

 

Ingersoll Rand Plc (IR) was our newest addition to the Elite Dividend Payers Buy List, as I recommended the stock in the May Monthly Issue. Ingersoll Rand has spent more than 100 years developing tools, solutions and services that improve the quality of air in buildings, enhance security at homes and businesses, protect perishable items and boost industrial productivity.

The company’s experience and proven track record continue to support its top and bottom lines. At the end of April, Ingersoll Rand reported better-than-expected first-quarter results. Adjusted first-quarter earnings per share jumped 27% year-over-year to $0.89, which beat estimates for $0.80 per share. Revenue grew 6% year-over-year to $3.58 billion, also topping estimates for $3.5 billion.

Thanks to the strong first-quarter results and positive guidance, the analyst community has upped its full-year 2019 outlook. Ingersoll Rand is now expected to report 5.3% annual revenue growth and 13.2% annual earnings growth for fiscal year 2019.

Ingersoll Rand also has a long history of consistent and growing dividends. The company has paid a dividend for 86-consecutive quarters, and has a 12-month dividend growth rate of 5.03%. Ingersoll Rand will pay a quarterly dividend of $0.53 per share on June 28 to all shareholders of record on June 7. The stock has a 1.7% dividend yield. IR is a Conservative buy below $128.

SOM Technicals:

5-25-19: Closed at 120.20. Trade pressures are down. Volumes are neutral to bearish. The median line is support at 116.

5-31-19. Closed at 118.34. Trade pressures are down. Volumes are bearish. In a new downtrend with support at 116.

6-15-19: Closed at 124.68. Trade pressures are up. Volumes are neutral. The next target up is 130.42.

6-22-19: Closed at 125.19. Trade pressures are down into the neutral zone. Volumes are bullish.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down but pressures are up. Gold and silver rallied, met resistance and retreated sharply.

Crude Oil is pressing up for a possible new move up. Natural gas an’t get moving.

The US 30 Year Treasuries are in a move up to the new highs, but could see a retracement soon.

The US Dollar futures are up against the highs and also may see a retracement soon.

______________________

S&P 500 Futures_

Monthly – Down for the month so far but still in the up move. Trade pressures are up. Volumes closed the month of April as bullish, but on low volumes. The next target up is 3408. A close below 2736 would confirm any weekly move lower.

Weekly – Retracing the move up. Trade pressures are up but turning down. Volumes remain bullish. The next target up is 2976. A close below 2811 would confirm any daily move lower.

Daily – Short. The new move down has been triggered with the close below 2842. Trade pressures are down but rising. Volumes are bullish. Enter the short as it meets the 25×5 resistance level at 2909. Set the stops at the 2961 highs. Watch the trade pressures on the hourly for timing.

__________________________________

Navellier Top 8 Stocks – The semiconductor stocks in this selection are down, but fundamentals remain strong. The $100,000 model portfolio is now about $113,000 YTD.

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXM19 Weekly – Remains in consolidation around the 97.52 level. Trade pressures are up. Volumes are now bullish. Daily – The four day rally of dollar inflows has pushed the dollar near a retest of the prior highs. Trade pressures are up. Volumes are bullish. The next target up is 98.08, the…

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