Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper in a new long entry. Gold and Silver are in a pull back for the prior moves up.

June ’22 Crude oil is in the move down to perhaps below 70. Natural gas is in the move down to the 4.64 target.

The US 30 year Treasury bond is in a new move up.

The US Dollar futures are in the move up with resistance here at 96.27.

____________________

S&P500 Futures_ ESZ21

Monthly – New highs. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4167 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 entry at 3493. Trade pressures are up, but showing some divergence. Volumes remain bullish. The next target up is 5481. A close below 4437 would confirm any daily move lower.

Daily – In the move up off the 10/28 new long entry at 4579. Trade pressures are up but showing similar divergences. Volumes are now bearish. The next target up is 4936. A close below 4640 would signal lower.

____________________

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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks remained the muted over the last week holding at approximately $143,000, up 43% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

Quanta Services (PWR) and Temper Sealy (TPX) will be replaced with Endava PLC (DAVA) and TFII International, Inc. (TFII) at the open on Monday.

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

 

US$$

#usdollarfutures #ustreasurybondfutures

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – In the move up from the 91.73 long entry of June 2021. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is 98.93.

A close below 95.28 would start a retracement down.

 

US 30YR T-BOND_ USZ21

Weekly – Remains in the July 2021 uptrend. Trade pressures are up but declining to near the neutral zone. Volumes are bullish.

Daily – In the move up from the 160-30 entry on 10/27. Trade pressures are up. Volumes are now bullish.

The net target up is 164-27.

A close below 160-12 would signal lower.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the January 2021 uptrend. Trade pressures are up, but declining to the neutral zone. Volumes are bearish.

Daily – Short. In the move down from the 75.59 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 68.89.

A close above 72.80 would start a short retracement up, to perhaps 75.50.

 

NAT GAS_ NGZ21

Weekly – June 2021 uptrend still intact. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 5.89 short entry. Trade pressures are up. Volumes are bearish.

The next target down is 4.64.

A close above 5.33 would signal higher.

Navellier Top 5 stocks for December

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Crocs, Inc.

Crocs, Inc. (CROX) is making its second-straight appearance on the Top 5 Stocks list this month—and for good reason: The footwear retailer has stunning forecasted earnings and sales growth, and it continues to benefit from positive analyst revisions. In fact, after Crocs posted record results for its third quarter, the analyst community increased fourth-quarter earnings estimates by nearly 17%.

For the third quarter, Crocs achieved earnings of $2.47 per share and revenue of $625.9 million, which represented 162.8% year-over-year earnings growth and 73% year-over-year revenue growth. Analysts were only expecting earnings of $1.88 per share, so Crocs topped estimates by 31.4%.

Looking forward, Crocs expects revenue to grow between 62% and 65% in fiscal year 2021. Considering that retail sales soared 1.7% in October, or the biggest gain since March, and are up 16.3% year-over-year, Crocs may even exceed these forecasts as the holiday shopping season heats up in the upcoming weeks. CROX is a Conservative buy below $188.

SOM Technicals:

10-30-21: Closed at 162.00 Trade pressures are down but rising into the neutral zone. Volumes are now neutral. The next target up is 175.12.

11-06-21: Closed at 180.17. Trade pressures are up. Volumes are bullish. the next target up is 197.37.

11-12-21: Closed at 180.57. Trade pressures are down into the neutral zone. Volumes are bullish. A close below 173.34 signals lower.

11-19-21: Closed at 175.50. Trade pressures are down. Volumes are now bearish. The next target down is 165.06.

11-28-21: Closed at 168.04. Trade pressures are down. Volumes are bearish. The next target down is 160.62.

12-03-21: Closed at 162.38. Trade pressures are down. Volumes are bearish. The next target down is 146.24. 

12-10-21: Closed at 158.70. Trade pressures are down. Volumes are bearish. The next target down is 146.24.

12-17-21: Closed at 136.12. Trade pressures are down. Volumes are bullish. The next target down is 122.98.

 

 

Endava PLC

Endava PLC (DAVA) was one of the newest additions to the High-Growth Investments Buy List last month, as the company has spectacular forecasted earnings and sales. You may recall Endava is a technology services company that helps its clients better engage with their users or customers. The company partners with financial, insurance, media, retail and telecommunications companies around the world. At the end of its fiscal year 2021, the company had operations in 23 locations globally.

On Tuesday morning, Endava topped analysts’ estimates for its first quarter in fiscal year 2022. Adjusted earnings surged 92.5% year-over-year to 28.3 million pounds, compared to 14.7 million pounds in the same quarter a quarter ago. Adjusted earnings per share came in at 0.49 pounds, topping analysts’ estimates for 0.43 pounds by 14%.

First-quarter revenue jumped 55% year-over-year to 147.5 million pounds, up from 95.1 million pounds. Endava noted that its “excellent results” were thanks in part to the addition of new clients who pay more than one million pounds on a yearly basis and continuing demand for digital services. The company now has 93 clients with more than one million pounds in revenue.

Looking forward to fiscal year 2022, Endava now expects revenue between 615 million pounds to 620 million pounds, which represents 40% to 41% annual revenue growth. Full-year earnings per share are forecast to be between 1.71 pounds and 1.76 pounds, compared to 1.30 pounds in 2021. DAVA is a Conservative buy below $168.

SOM Technicals:

11-20-21: Closed at 155.76. Trade pressures are down. Volumes are bearish. The next target down is 142.70.

11-28-21: Closed at 151.48. Trade pressures are down. Volumes are bearish. The next target down is 142.79.

12-03-21: Closed at 140.02. Trade pressures are down. Volumes are bearish. The next target down is 124.48.

12-10-21: Closed at 149.69. Trade pressures are down. Volumes are bullish. The next target up is 163.69.

12-17-21: Closed at 148.04. Trade pressures are now up. Volumes are bullish. The next long entry trigger up is 149.05.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) is at its core a consulting and engineering business that helps its clients stay relevant and up-to-date with emerging technologies. To ensure that its clients stay on the cutting edge of the latest technologies, EPAM partners with well-known software companies and cloud service providers like Adobe, Salesforce, Amazon and Microsoft.

EPAM has more than 280 customers from the Forbes Global 2000, and it has operations in more than 40 countries around the world. Its global reach and reputation for helping customers stay competitive and agile in an ever-changing world has helped the company achieve stunning results in fiscal year 2021.

For its third quarter, EPAM reported earnings of $2.42 per share and revenue of $988.5 million, which represented 46.7% year-over-year earnings growth and 51.6% year-over-year revenue growth. Analysts were expecting earnings of $2.22 per share on $964.61 million in revenue, so EPAM topped earnings estimates by 9% and revenue forecasts by 2.5%.

Looking forward, EPAM anticipates double-digit earnings growth and revenue growth for fiscal year 2021. Full-year revenue is expected to increase 40% year-over-year, and earnings are now forecast to grow 38.6% year-over-year to $8.79 per share. I should add analysts have upped earnings estimates over the past month, which bodes well for future earnings surprises. EPAM is a Conservative buy below $710.

SOM Technicals:

10-30-21: Closed at 673.24. Trade pressures are up. Volumes are bullish. The next target up is 700.

11-06-21: Closed at 705.06. Trade pressures are up. Volumes are neutral. The next target up is 723.53.

11-13-21: Closed at 671.36. Trade pressures are down. Volumes are bearish.  The next target down is 628.76.

11-19-21: Closed at 663.64. Trade pressures are down but rising. Volumes remain bearish. The next target down is 628.75.

11-28-21: Closed at 609.00. Trade pressures are down but rising. Volumes are now neutral. The next target up is 637.11.

12-03-21: Closed at 596.69. Trade pressures are are down from the neutral zone. Volumes are bearish. The next target down is 569.04.

12-10-21: Closed at 697.12. Trade pressures are up. Volumes are bullish. At the resistance. A close below 679.80 would signal lower.

12-17-21: Closed at 636.33. Trade pressures are down. Volumes are bearish. The next target down is 569.04.

 

Extra Space Storage

Extra Space Storage (EXR), like our new addition CubeSmart, provides self-storage facilities across the U.S. Over the past 44 years, the company has grown to become the second-largest operator of self-storage units in the U.S., with more than 1,800 facilities in 40 states, Washington, D.C. and Puerto Rico. At the end of the third quarter, Extra Space Storage had a 96.7% same-store occupancy rate.

Third-quarter earnings jumped 59.1% year-over-year to $1.40 per share, up from $0.88 per share in the same quarter last year. Analysts were expecting earnings of $1.22 per share, so Extra Space Storage topped estimates by 14.8%. The REIT also achieved core funds from operations (FFO) of $1.85 per share, which represented a 41% year-over-year increase.

Given the strength of its business and continuing demand for self-storage facilities, analysts have upped fourth-quarter earnings estimates over the past three months. Fourth-quarter earnings are now forecast to rise 5% year-over-year to $1.25 per share.

Also, like CubeSmart, Extra Space Storage is a real estate investment trust (REIT) and must return 90% of its earnings to shareholders in the form of dividends. It is expected to pay a fourth-quarter dividend of $1.25 per share in December, which is up nearly 39% from the $0.90 per share paid in the fourth quarter of 2020. The stock has a 2.5% dividend yield. EXR is a Conservative buy below $217.

SOM Technicals:

08-26-21: Closed at 183.46. Trade pressures are up. Volumes are bullish. The next target up is 210.40, but at resistance here.

09-04-21: Closed at 193.71. Trade pressures are up. Volumes are bullish. Next target up is 200.32.

09-11-21: Closed at 187.05. Trade pressures are down. Volumes are bearish. The next target down is 181.91.

09-18-21: Closed at 180.12. Trade pressures are down. Volumes are bearish. The next target down is 174.02.

09-26-21: Closed at 172.61. Trade pressures are down. Volumes are bearish. The next target down is 166.05.

10-02-21: Closed at 168.94. Trade pressure are down. Volumes are bearish. At the prior low support, 168.65.

10-09-21: Closed at 171.12. Trade pressures are up. Volumes are bullish. Need a close above the 25×5 MA at 178.29.

10-23-21: Closed at 185.93. Trade pressures are up. Volumes are bullish. The next target up is 188.00.

10-30-21: Closed at 197.37. Trade pressures are up. Volumes are bullish. The next target up is 200.82.

11-06-21: Closed at 194.71. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 189.64.

11-13-21: Closed at 187.96. Trade pressures are rising up out of the neutral zone. Volumes are bearish. The next target up is the prior high at 203.99.

11-19-21; Closed at 202.09. Trade pressures are up. Volumes are now bearish. 197.58 starts a new move down.

11-28-21: Closed at 198.79. Trade pressures are down. Volumes are bearish. The next target down is 190.39.

12-03-21: Closed at 201.48. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 207.56.

12-10-21: Closed at 208.71. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 211.20.

12-17-21: Closed at 215.15. Trade pressures are up. Volumes are bullish. The next target up is 220.42.

 

TFI International, Inc.

TFI International, Inc. (TFII) was added to the High-Growth Investments Buy List in the November Monthly Issue due to its vast network of transportation and logistics services in the U.S., Canada and Mexico. The company’s network includes more than 14,800 truck drivers, as well as more than 560 facilities and more than 80 operating companies, that cover 80 North American cities.

Recently, the truck company released stunning results for its third quarter in fiscal year 2020. Third-quarter revenue surged 124% year-over-year to $2.09 billion, and adjusted earnings per share rose 55% year-over-year to $1.46. The consensus estimate called for adjusted earnings of $1.34 per share on $2.01 billion in sales, so TFII posted a 9% earnings surprise and a slight revenue surprise.

So far in 2021, TFI International has achieved total revenue of $5.08 billion and adjusted earnings of $349.7 million, or 91% year-over-year revenue growth and 69.5% year-over-year earnings growth. For the fourth quarter, analysts are expecting earnings to grow 22.4% year-over-year to $1.20 per share, up from $0.98 per share in the same quarter of 2020. TFII is a Conservative buy below $120.

SOM Technicals:

11-20-21: Closed at 108.83. Trade pressures are down but rising. Volumes are bearish. The next target up is 110.88 and is a new long entry.

11-28-21: Closed at 110.94. Trade pressures are up. Volumes are bearish. The next target up is 116.17.

12-03-21: Closed at 103.31. Trade pressures are down but rising. Volumes are now neutral. the next target up is 104.08.

12-10-21: Closed at 108.27. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target up is 111.92.

12-17-21: Closed at 105.91. Trade pressures are up. Volumes are bearish. In the move up. The next target up is 109.00.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – Remains in the June 2020 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Long. In the move down from the 4.59 short entry. Trade pressures are now up. Volumes are now bullish.

The close above 4.39 4.38 is a new long entry. The next target up is the 25×5 MA at 4.44.

A close below the Thursday low of 4.18 would signal lower. Set stops at 4.18.

[11-22-21: long at 4.38. SL at 4.32.]

[11-23-21: Raise stops to breakeven at 4.38.]

[11-24-21: Take profits at 4.49.]

 

GOLD_ GCZ21

Weekly – Pulling back after the breakout last week. Trade pressures are up. Volumes are bullish.

Daily – Short. In the longer move up, but the close below 1850 signals a pullback to the 1807  level. Trade pressures are down. Volumes are bearish.

The next target down is 1821. Set the SL at 1875.

A close above 1875 signals higher.

[11-22-21: Short at 1838. SL at breakeven. Take profits at the 1807 target.] [The 1807 profit target is met Monday noon.]

 

SILVER_ SIZ21

Weekly – A rally inside the August 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Higher highs and lower lows. Trade pressures are down. Volumes are bearish.

The next target down is 23.59, which is also a support level. (look for a new long entry in the 24.50 – 23.50 area.)

A close back above 25.19 would confirm any move higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long. Gold and silver are long but near resistances.

Crude Oil is still moving down. Nat gas is near a downside support.

The US 30 year Treasury is out of the long trade and looking for a short entry.

The US Dollar broke out to new highs, expect retracement.

_________________________

S&P 500 Futures_

Monthly – Another new high month. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4155 would confirm any weekly move lower.

Weekly – In the  move up from the November 2020 long entry at 3508. Trade pressures are up. Volumes remain bullish. The next target up is 5489. A close below 4508 would confirm any daily move lower.

Daily – In the move up off the 10/28 long entry at 4579. Trade pressures are up but rolling over. Volumes are bearish to neutral. The next target up is 4936. A close below 4628 would signal lower. Support is at 4535, the next downside target.

____________________

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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks lost $1000 over the last week moving down to approximately $143,000, up 43% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ21

Weekly – In the March 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the new move up after the break above 94.72. Trade pressures are up. Volumes are bullish.

The next target up is 96.47.

A close below 94.54 would signal lower.

 

US 30YR T-BOND_ USZ21

Weekly – In the July 2021 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. The 161-75 long entry was stopped out a breakeven. Trade pressures are down. Volumes are bearish.

The next target down is 160-10.

A close above 162-10 would signal higher.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In retracement within the Dec 2020 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. In the retracement down from the 81.73 short entry. Trade pressures are down. Volumes are now neutral.

The next target down is 78.05.

A close above 81.87 would signal higher.

 

NAT GAS_ NGZ21

Weekly – Giving back the entire run-up of September and October. Trade pressure are down. Volumes are bearish.

Daily – Flat. In the move down from the 10/28 short entry at 5.89. Trade pressures are down but rising. Volumes are bearish.

The next target down is 4.64.

A close above 4.91 would signal higher.

Could take a speculative long at the 4.64 target with a tight stop.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Long. In the new move up from the 4.45 long entry. Trade pressures are up. Volumes are bullish.

[Trade entered 11/14 Sunday session.] The next target up is 4.63.

A close below 4.32 would signal lower. Stop loss at 4.33.

[11-16-21: When you’re wrong, it is quick. Stopped out for a $3k loss.]

 

GOLD_ GCZ21

Weekly – In the May 2021 up trend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the new long from the 1796 200 day MA break. Trade pressures are up and trending. Volumes are bullish.

The next target up is 1880.

A close below 1857 would signal lower.

 

SILVER_ SIZ21

Weekly – In the August down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Sold out of the long trade at the 200 day MA resistance at 25.30. Trade pressures are up. Volumes are bullish.

The next target up is 26.50.

A close below 25.00 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper was stopped out with a gain. Gold and silver both in a long trade  now.

Crude oil is in a retracement from the highs; weekly still up. Nat Gas is consolidating at the low 5’s.

The US 30 year Treasury broke above the resistance and is now in a long trade.

The US Dollar futures are retesting the prior highs.

__________________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. but turning down. Volumes closed the month of October as bullish. The next target up is 5018. A close below4155 would confirm any weekly move lower.

Weekly – Breaks above the August pivot high and the 4599 upside target. Trade pressures are up but diverging from prior levels. Volumes are now neutral. The next target up is 5489. A close below 4425 would confirm any daily move lower.

Daily – Long. In the move up off the break above the 25×5 MA at 4429 on 10/14. Trade pressures are up. Volumes are bearish. The next target up is 4936. Both ES and NQ are overbought. A close below 4628 would signal lower.

____________________

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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks gained $4000 over the last week moving up to approximately $144,000, up 44% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

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