Author: ChasW

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – after the first move down the dollar trade up to the lower channel line. Trade pressures are up but turning down. Volumes are bearish.

Daily – New short signal at 97.79. Trade pressures are  down . Volumes are bearish.

The next target down is 96.97.

A close above 97.63 would signal a reversal.

SOM doesn’t trade the dollar; just using it as a reference. Everything is affected buy, or affects,  the dollar. Use the Euro futures if you want a trade; It will be the opposite direction, usually.

 

US 30YR T-BONDS_  USH20

Weekly – As the dollar declines the Bonds breakout above the prior downward sloping channel ine. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the January 2020 long entry at 156-16. Trade pressures are up and trending. Volumes are bullish.

At the the 161% target. Expect consolidation and retracement. The next target up is the 166 prior high.

A close below 161-24 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH20

Weekly – In the move down but at support levels.Trade pressures are down. Volumes are bearish.

Daily – Flat. At downside target levels and testing the prior lows. trade pressures are down but showing some divergences. Volumes are bearish.

The next target down is 47.91.

A close above 54.12.

 

NAT GAS_ NGH20

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down. Volumes are bearish.

The next target down is 1.666.

The 180 min chart has signaled a new long. A daily close above 1.94 will signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Leading the markets down. Trade pressures are down. Volumes are bearish.

Daily – Flat. After the rally fro 2.48 to 2.88, now a check back to the 2.50 lows. Trade pressures are down. Volumes are bearish.

The next target down is 2.47.

A close above 2.58 would signal higher.

 

GOLD_ GCJ20

Weekly – Grinding higher. Trade pressures are up but showing divergence. Volumes are neutral for three weeks now.

Daily – Flat. In the new move up from the 1579 long entry level. Trade p[ressures are up. Volumes are bullish.

The next target up is 1618.

A close below 1573 would signal lower.

 

SILVER_ SIH20

Weekly – A a rising channel with downward pressures. Trade pressures are down. Volumes are bullish.

Daily – Flat. Remains in the move down from the 18.06 level. Trade pressures are rising in the neutral zone. Volumes are neutral.

The next target down is 17.23.

This close above 17.83 is new long signal but don’t want to trade against the weekly down pressures.

Navellier Top Stocks for February

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Arch Capital Group Ltd.

Originally founded as Risk Capital Holdings, Inc. back in 1995, Arch Capital Group Ltd. (ACGL) started by offering reinsurance underwriting and strategic insurance investments. However, after the company’s name change in 2000, Arch Capital Group initiated a new underwriting strategy in 2001 to better meet the needs of the insurance and reinsurance markets around the world.

Today, Arch Capital Group is a global leader in providing property, casualty and mortgage insurance and reinsurance products. While the company is primarily based in Bermuda, it has operations in Australia, Europe and North America. And in the first nine months of 2019, Arch Capital Group had nearly $32 billion in total assets.

Arch Capital Group’s operating income has continued to steadily climb over the years, rising 103% from $447.2 million in 2017 to $909.2 million in 2018. We’ll have a clearer picture of the company’s operating earnings in 2019 in a couple weeks, but based on results from the first nine months, full-year operating income is expected to surpass the $1 billion mark.

Arch Capital Group plans to announce fourth-quarter and full-year 2019 results after the stock market closes on February 11. Fourth-quarter earnings are expected to soar 47.8% year-over-year to $0.68 per share, up from $0.46 per share in the same quarter a year ago. Analysts have lowered earnings per share forecasts over the past three months, but the firm has posted a positive earnings surprise in each of the last four quarters. ACGL is a Conservative buy below $47.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

1-18-20: Closed at 45.17. Trade pressures are up. Volumes are bullish. In the new move up from the 44.38 level.

1-25-20: Closed at 44.99. Trade pressures are up but declining. Volumes are bullish. Support is at 43.49.

1-31-20: Closed at 44.16. Trade pressures are down.  Volumes are bearish. The next target down is 41.55.

2-7-20: Closed at 46.15. Trade pressures are up. Volumes are bullish. At the 61% target. The next target up is 50.88.

2-16-20: Closed at 47.68. Trade pressures are up but turning down. Volumes are bullish. The next target up is 50.88.

 

Copart, Inc.

Copart, Inc. (CPRT) was originally founded as a vehicle salvage yard in California back in 1982, but the entrepreneurial spirit of the company’s owner, Willis J. Johnson, ensured that the company evolved with the times. In fact, as the dot.com era was heating up in the mid-1990s, Copart launched its own website in 1996. By 2003, Copart offered the first online auto auction site.

Today, Copart is still focused on the sale of salvage vehicles from rental car companies, insurance companies, charities, local municipalities and financial organizations. The company’s inventory is kept on more than 8,000 acres of land, and more than 175,000 vehicles are up for auction each day. Copart sells more than two million vehicles every year.

Copart is expected to release earnings and sales for its second quarter in fiscal year 2020 in mid-February. The current consensus estimate calls for earnings of $0.66 per share, or 26.9% annual earnings growth, and revenue of $575.94 million. Analysts have also increased earnings forecasts over the past three months, so a fifth-straight quarterly earnings surprise is likely. CPRT is a Conservative buy below $109.

SOM Technicals:

11-22-19: Closed at 89.26. Trade pressures are up. Volumes are neutral. In the uptrend. The next target up is 95.56.

11-30-19: Closed at 89.00. Trade pressures are up but declining. Volumes are neutral. The next target up is 94.81.

12-7-19: Closed at 88.58. Trade pressures are in the neutral zone. Volumes are bearish. Still in the uptrend.

12-12-19: Closed at 88.62. Trade pressures are up. Volumes are neutral.. The next target up is 94.81.

12-21-19: Closed at 90.72. Trade pressures are down into the neutral zone. Volumes are bullish. the next target up is 94.81.

1-4-20: Closed at 92.66. Trade pressures are up. Volumes are bullish. The next target up is 94.81.

1-18-20: Closed at 97.12. Trade pressures are up but turning down. Volumes are bullish. Consolidating at the 84.81 target.

1-25-20: Closed at 100.29. Trade pressures are up. Volumes are bullish. The next target up is 108.17.

1-31-20: Closed At 101.46. Trade pressures are up but declining. Volumes are bearish. Still in the move up. 98.97 would trigger a sell.

2-7-20: Closed at 102.58. Trade pressures are up but diverging. Volumes are bullish. A close below 98.97 would signal lower.

2-16-20: Closed at 103.25. trade  pressures are down into the neutral zone. Volumes are bullish. A close below 98.97 would signal lower.

 

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) had humble beginnings back in 1925 as the Florida Power & Light Company. It started operations with laundry services, ice companies and an ice cream business, as well as power plants, gas plants and water facilities. Today, NextEra Energy is a leading energy company, with two electric companies in Florida, a renewable energy business (wind, sun and battery storage) and eight nuclear power units.

The company posted fourth-quarter 2019 results on January 24. Fourth-quarter adjusted earnings came in at $706 million, or $1.44 per share, which was down from $718 million, or $1.49 per share, in the same quarter a year ago. That fell short of analysts’ estimates for $1.49 per share.

NextEra Energy also reported full-year 2019 adjusted earnings of $4.06 billion, or $8.37 per share, representing 10.6% annual earnings growth. Thanks to the strong financial and operational performance in 2019, NextEra Energy expects 2020 adjusted earnings per share between $8.70 and $9.20, or 3.9% to 10% annual earnings growth. NEE remains a Conservative buy below $286.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

1-18-20: Closed at 253.34. Trade pressures are up and extended. Volumes are bullish. The next target up is 267.08.

1-25-20: Closed at 263.70. Trade pressures are up and trending. Volumes are bullish. The next target up is 267.08.

1-31-20: Closed at 268.05. Trade pressures are up. Volumes are bullish. At the 267.08 target, expect consolidation.

2-7-20: Closed at 269.54. Trade pressures are up but turned down. Volumes are bullish. Consolidating around the 267.08 target.

2-16-20: Closed at 278.52. Trade pressures are up. Volumes are bullish. The next target up is 296.77.

 

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) has a history that dates all the way back to 1860 when Henry Varnum Poor introduced the first guide to investing in the U.S. railroad industry. Then in 1941, Poor’s Publishing Co. merged with Standard Statistics Co., creating Standard & Poor’s. The company was acquired by McGraw-Hill in 1966, and it wasn’t until 2016 that the company changed its name to S&P Global.

Today, S&P Global is known for providing vital financial information. With multiple divisions, including S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts, the company has flourished into a leading provider of credit ratings, and it is relied on for data and custom indices.

S&P Global will provide earnings results for its fourth quarter on Thursday, February 6, before the stock market opens. The analyst community is looking for earnings of $2.43 per share, or 9.5% annual earnings growth. Analysts have increased earnings estimates over the past two months, which bodes well for another quarterly earnings surprise.

The company also announced this week that it was upping its quarterly dividend by 17.5%. S&P Global will pay a quarterly dividend of $0.67 per share, up from $0.57 per share, on March 11. All shareholders of record on February 26 will receive the dividend. The stock has a 0.9% dividend yield. SPGI is a Conservative buy below $314.

SOM Technicals:

12-21-19: Closed at 271.66. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 284.50.

1-4-20: Closed at 276.91. Trade pressures are up. Volumes are bullish. The next target up is 296.

1-18-20: Closed at 296.79. Trade pressures are up. Volumes are bullish. The next target up is 303.26.

1-25-20: Closed at 294.83. Trade pressures are up but declining. Volumes are neutral. 25×5 support is at 283.52.

1-31-20: Closed at 293.73. Trade pressures are down. Volumes are bearish. The next target up is 303.26.

2-7-20: Closed at 295.48. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target up is 303.26. Support is at 286.

2-16-20: Closed at 307.65. Trade pressures are up. Volumes are bullish. At the 303.26 target.

 

Teledyne Technologies, Inc.

Teledyne Technologies, Inc. (TDY) is making its first appearance on the Top 5 Stocks list, as we added the stock to the Buy List in the January 2020 Monthly Issue. You may recall that Teledyne Technologies started operations in the semiconductor industry. Today, the company provides digital imaging sensors, as well as cameras and other systems, that are used by several markets, including aerospace and defense, environmental monitoring, electronics design, deepwater oil and gas exploration, medical imaging and pharmaceutical research.

On January 22, Teledyne Technologies revealed record earnings and sales results for its fourth quarter. The company reported fourth-quarter sales of $834.2 million and earnings of $115.7 million, or $3.06 per share, which represented 11.5% annual sales growth and 25% annual earnings growth. Analysts were expecting earnings of $2.74 per share, so TDY posted an 11.7% earnings surprise.

For fiscal year 2019, Teledyne Technologies also broke sales and earnings records. Full-year earnings came in at $402.3 million, or $10.73 per share, and sales were $3.16 billion. That translated to 20.5% annual earnings growth and 9% annual sales growth. Thanks to the robust results, analysts have increased earnings forecasts for fiscal year 2020. TDY is a Conservative buy below $391.

SOM Technicals:

1-31-20: Closed at 365.06. Trade pressures are don. Volumes are bearish. First support is at 340.

2-7-20: Closed at 384.24. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-16-20: Closed at 389.46. Trade pressures are up. Volumes are bullish. The next target up is 429.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper followed thru on the short trade. Gold and Silver looked lower but did not trigger.

Crude has continued lower. Natrual Gas is at downside targets; look for a retracement.

The US 30 year Treasuries are in the move up and could extend some more, but be careful.

The US Dollar futures are in the move up, but expect some consolidation here.

_______________________

S&P 500 Futures_

Monthly – Remains in the move up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up. Volumes are bullish even with a lower close. The next target up is 3484. A close below 3188 would confirm any daily move lower.

Daily – Flat. Remains in the move up, Trade pressures are up but have turned down. Volumes are bearish. The next target up is 3375. A close below 3275 would signal lower.

The 60  min is at the lower channel support with neutral volumes. Be alert for a retracement

_______________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up approximately to 106,000 or 6%  YTD in this January month so far.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Has dropped out of the weekly October 2018 rising channel. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 96.45 long entry level. Trade pressures are up. Volumes are bullish.

At the 97.63 target where consolidation is expected. The next target up is the prior high of 98.

A close below 97.25 would signal lower.

 

US30YR T-BONDS_ USH20

Weekly – At the upper bound of the declining channel. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 156-16 long entry. Trade pressures are up. Volumes are bullish.

Closed above the median line. The next target up is 163-27.

The 60 min has touched the 160-13 short entry price.  A daily close below 158-22 would signal lower.

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH20

Weekly – Three weeks down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Stopped out at the 59.06 stop for a small profit. Trade pressures are down. Volumes are bearish.

The next target down is 53.51.

There are multiple targets clustered between 54.70 and 51.50 and could act as support. A close above 57.28 would signal higher.

 

NAT GAS NGH20

Weekly – In a steady decline from the spike of October ’18. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the second short entry at 2.18. Trade pressures are down but rising. Volumes are bearish.

At the 1.88 downside target. The next target down is 1.57.

A close above 1.98 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Takes out six weeks of prior lows.. Trade pressures are down. Volumes are bearish..

Daily – Flat. Stopped out with a profit at 2.75. Trade pressures are down. Volumes are bearish.

At the 2.67 target. The next target down is the prior low at 2.62.

A close above 2.74 would signal higher.

 

GOLD_ GCG20  {Rolls next week}

Weekly – Still in consolidation at the summer highs of 1573. Trade pressures are up but in decline. Volumes are neutral.

Daily – Flat. 5 days of bullish move takes price to the the new long entry of 1574. Trade pressures are up. Volumes are bullish.

The next target up is 1593. Watch for weekly volume to change to bullish.

While the weekly pressures are down; bullish daily volumes can’t seem to move the needle.

A close below 1557 would signal lower.

 

SILVER_ SIH20

Weekly – In consolidation around the 18 level. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. After consolidating with bearish volumes, a day of bullish Volumes. Trade pressures are up. Volumes are bullish.

The next target down is 17.40.

A close above 18.14 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at a resistance point and has signaled a short. Gold and silver are in the move down but looking for a new long entry.

Crude is down but wants to correct here. Natural Gas is in a free fall.

The US treasury bonds are in a move down but looking also for a new move up.

The US Dollar futures are in a move up but are approaching resistance.

_______________________

S&P %00 Futures_

Monthly – Five months up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3107 would confirm any weekly move lower.

Weekly – Ripped thru the 3213 target with only a one week pause. Trade pressures are up. Volumes are bullish. The next target up is 3484. A close below 3180 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. Trade pressures are up. Volumes are bullish. The next target up is 3376. A close below 3267 would signal lower.

Time cycles are down this last week of January.

_______________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up 5% for the YTD in this January month so far.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – In the long term move up . Trade pressures are up. Volumes are bullish.

Daily – After the 96.02 low, now in a move up from the 96.30 level. Trade pressures are up into the neutral. zone. Volumes are bullish.

The next target up is 97.63.

A close below 96.92 would signal a resumption of the downtrend.

 

US 30 YR T-Bonds_  USH20

Weekly – In the long channel down. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a retracement move down. Trade pressures are down. Volumes are bearish.

The next target down is 156-06 at the lower median line.

A close above 158-22 would signal higher and place the daily trade pressures in sync with the weekly.

The 3hr chart shows an early long trigger at 157-19