Author: ChasW

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In the move up from the 4.19 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 4.43.

The weekly trade pressures are down, so keep tight stops. Set the stop now at the breakeven of 4.19.

 

GOLD_ GCZ21

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

Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. volumes are bullish.

The next target up is both the 200 day MA and the 1826 upside target.

Expect resistance. A close below 1764 would signal a retracement.

 

SILVER_ SIZ21

Weekly – In the new downtrend from 8/13. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 23.63 long entry trigger. Trade pressures are up. Volumes are bullish.

Since the weekly is still down, wait for a pullback to 22.90 to enter. The next target up is 24.90.

A close below 22.34 would signal lower and is now the stop.

Navellier Top 5 Stocks for September

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

BioNTech

BioNTech (BNTX) has been on the front lines of the pandemic, as the German biotechnology company collaborated with Pfizer to develop a COVID-19 vaccine. Well, this week, BioNTech and Pfizer received some big news: The FDA gave full approval of the two companies’ COVID-19 vaccine for folks 16 years and older. The BioNTech-Pfizer vaccine is the first COVID-19 vaccine to be fully approved.

Many analysts are now projecting that the BioNTech-Pfizer vaccine could achieve $35 billion in sales this year and another $39 billion in 2022. The reality is that the FDA approval is anticipated to encourage more and more unvaccinated individuals to get vaccinated, and the approval is also likely to give more companies the ability to mandate vaccines for its employees.

Thanks to its partnership with Pfizer on the COVID-19 vaccine, BioNTech has achieved quarter-after-quarter of record results. In the second quarter, the company reported total revenue of 5.31 billion euros and earnings of 2.78 billion euros, which compared to revenue of 41.7 million euros and an earnings per share loss in the same quarter last year.

Couple the strong demand for its COVID-19 vaccine with its candidates for cancer treatments, and BioNTech should remain profitable for the foreseeable future. Analysts agree and have continued to up their earnings outlook for the upcoming third and fourth quarters, as well as for full-year 2021. BNTX is a Moderately Aggressive buy below $468.

SOM Technicals:

08-26-21: Closed at 358.48. Trade pressures are down. Volumes are neutral. At the 25×5 MA support levels. The next target up is the new long entry at 387.39. 

09-04-21: Closed at 334.30. Trade pressures are down. Volumes are bearish. At support.

09-11-21: Closed at 349.19> Trade pressures are up. Volumes are bullish. The next target up is 379.77.

09-18-21: Closed at 359.18. Trade pressures are up but  rolling over. 384.00 is the next resistance.

 

Extra Space Storage, Inc.

Extra Space Storage, Inc. (EXR) is a real estate investment trust (REIT) that owns and operates self-storage facilities. It is the second-biggest operator of self-storage units in the U.S., with 1,800 facilities in 40 states, as well as Washington D.C. and Puerto Rico. Along with the traditional storage units, Extra Space Storage offers places for customers to store boats, RVs and more.

We added Extra Space Storage to the High-Growth Investments Buy List last month, as the REIT has been benefiting from a surge in outdoor recreational activities amidst the global pandemic. Folks need a place to store their new RVs and boats, and many are turning to Extra Space Storage’s units.

As a result, the REIT has achieved stunning results recently. In fact, second-quarter earnings rose 56.3% year-over-year to $1.25 per share, topping estimates for $1.06 per share. Funds from operations (FFO) also jumped 33.3% year-over-year to $1.64 per share. For the third quarter, analysts have increased earnings estimates by 16% in the past three months and are now expecting earnings to grow 31.8% year-over-year.

Thanks to these strong quarterly results, Extra Space Storage continues to reward its shareholders. The REIT will pay a third-quarter dividend of $1.25 per share on September 30. All shareholders of record on September 15 will receive the dividend. The stock has a 2.8% dividend yield. EXR is a Conservative buy below $196.

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.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) has earned a spot on the Top 5 Stocks list for the second month in a row—and for good reason: The software engineering services company recently posted better-than-expected earnings and sales for the second quarter and, in turn, increased its outlook for fiscal year 2021. So, its business is clearly booming.

For the second quarter, EPAM Systems announced earnings of $155.2 million, or $2.05 per share, on $881.4 million in revenue. That represented 43.5% year-over-year earnings growth and 39.4% year-over-year revenue growth. The consensus estimate called for earnings of $1.93 per share and revenue of $860.36 million.

Now, looking forward to fiscal year 2021, EPAM Systems expects revenue to increase about 37% year-over-year. Full-year earnings per share are forecast to come in between $8.25 and $8.44, up from $6.34 per share in fiscal year 2020. And in the wake of EPAM’s quarterly report and outlook, analysts have increased third-quarter estimates by 13% in the past month, which bodes well for another quarterly earnings surprise. EPAM is a Conservative buy below $677.

SOM Technicals:

08-07-21: Closed at 598.02. Trade pressures are up. Volumes are bullish. The next target up is 601.81.

08-14-21: Closed at 607.85. Trade pressures are up but rolling over. The next target up is the prior high at 618.57.

08-21-21: Closed at 630.11. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 637.54.

08-26-21: Closed at 629.10. Trade pressures are rising into the neutral zone. volumes are neutral. The next target up is the prior high at 642.63.

09-04-21: Closed at 643.39. Trade pressures are up. Volumes are bullish. At the 642.51 target. Expect consolidation or retracement. 

09-11-21: Closed at 627.01. Trade pressures are up. Volumes are bearish. The next target down is 617.11.

09-18-21: Closed at 613.95. Trade pressures are down. Volumes are bearish. the next target down is 597.57.

 

Johnson Controls International

Johnson Controls International (JCI) is an Ireland-based company that provides building products, services, software and technology to develop “smart” buildings. JCI boasts the biggest portfolio of HVAC equipment and controls in the world, and it has more than 8,700 active patents that are aimed at making buildings safer, more energy efficient and more sustainable. So, it’s no surprise that the company has more than four million customers in more than 150 countries.

During its third quarter in fiscal year 2021, sales rose 19% year-over-year to $6.3 billion and adjusted earnings jumped 24% year-over-year to $0.83 pers hare. These results were in line with analysts’ estimates for earnings of $0.83 per share on $6.24 billion in sales. In the wake of the solid third-quarter results, Johnson Controls now expects adjusted earnings per share to increase 18% to 19% year-over-year to between $2.64 and $2.66 in fiscal year 2021.

I should also add that Johnson Controls has a long history of rewarding its shareholders, as it’s paid a dividend for a whopping 100-straight quarters. Most recently, the company paid a third-quarter dividend of $0.27 per share. The stock has a 1.4% dividend yield. JCI is a Conservative buy below $80.

SOM Technicals:

06-29-21: Closed at 68.24. Trade pressures are up. Volumes are bullish. The next target down is 62.82. the next target up is 68.33.

07-03-21: Closed at 69.18. Trade pressures are up. Volumes are bullish. The next target up is 75.00.

07-10-21: Closed at 70.06. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

07-15-21: Closed at 70.12. Trade pressures are up but declining. Volumes are bullish. The next target up is 75.12.

08-07-21: Closed at 72.07. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

08-14-21: Closed at 72.82. Trade pressures are up. Volumes are bullish. The next target up is 75.12.

08-21-21: Closed at 73.40. Trade pressures are up. Volumes are bullish. The next target up is 75.12. 

08-26-21: Closed at 74.73. Trade pressures are up but rolling over. Volumes are neutral. A close below 71.56 would signal lower.

09-04-21: Closed at 75.02. Trade pressures are rising into the neutral zone. Volumes are neutral as well. Need a break above 75.12 to get a new move up.

09-11-21: Closed at 75.07. Trade pressures are up. Volumes are bearish. the next target down is 71.32.

09-18-21: Closed at 74.59. Trade pressures are down. Volumes are neutral. Support is at 72.88.

 

Ternium SA

Ternium SA (TX) is making its first appearance on the Top 5 Stocks list this month, as we added the stock to the Buy List in the August Monthly Issue. If you recall, Ternium is a leading manufacturer of steel products. The company’s production facilities, as well as two mining operations and 39 service/distribution centers, cover the whole process of manufacturing steel, from mining the iron ore to producing steel products.

With steel demand and steel prices steadily increasing, Ternium achieved stunning earnings and sales results. During the second quarter, total sales soared 125% year-over-year to $3.92 billion, which beat analysts’ expectations for $3.79 billion. Second-quarter earnings per ADS surged 2,268.1% year-over-year to $5.21 per share, crushing forecasts for $3.29 per ADS by 58.4%.

Thanks in part to the stunning second-quarter results, analysts have increased third-quarter earnings estimates by 43.5% in the past month alone. Third-quarter earnings are now forecast to jump 487.8% year-over-year to $4.35 per share. TX is a Moderately Aggressive buy below $64.

SOM Technicals:

08-26-21: Closed at 55.86. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 56.86.

09-04-21: Closed at 53.66. Trade pressures are down but rising. Volumes are bearish. the next target down is 50.98.

09-11-21: Closed at 52.84. Trade pressures are down. Volumes are bearish. The next target down is 50.98.

09-18-21: Closed at 47.44. Trade pressures are down. Volumes are bearish. The next target down is 41.46.

S&P 500 Futures

.#emini #spfutures #SP500 #ES

Market Pressures:

Copper fell to the 200 day MA. Gold consolidating at resistance. Silver retesting the 22 lows.

Crude oil is approaching its 200 day MA. Natural Gas is in consolidation at the uptrend support levels.

The 30 Year Treasury is creating a bull flag and could have a breakout if the funds flow into the Dollar.

The US Dollar Futures are testing resistance at the upper channel bound.

___________________

S&P Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 4008 would confirm any weekly move lower.

Weekly – Remains in the move up from the November 3524 entry. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4210 would confirm any daily move lower.

Daily – Flat. In consolidation. Trade pressures are down but rising. Volumes are bullish. The next target up is the prior high at 4476. A close below 4381 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 traded up and ended the week at approximately $149,000, up 49% 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, now near 50% once again.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – Testing the new long entry. Trade pressures are up but lower. Volumes are bullish.

Daily – At the upper channel boundary. Trade pressures are up. Volumes are bullish.

The next target up is 93.82.

At the upper bound and at resistance. Expect consolidation and resistance.

 

US 30YR T-BOND_ USU21

Weekly – In the July 2021 uptrend. Trade pressures are up, but rolling over. Volumes are bullish.

Daily – Flat. In the small bull flag from July 19th. Trade pressures are up. Volumes are bullish.

The next target up is the prior high 167-04.

A close below-09 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – Now testing the 59.24 support of the Jan 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 56.59.

A close above 64.10 would signal a retracement up of this down-move.

 

NAT GAS_ NGU21

Weekly – In the June 2021 uptrend. Trade pressures are up but rolling over. Volumes are neutral.

Daily – Flat. In the move down from the 4.26 short entry. Trade pressures are rising to the neutral zone. Volumes are bearish.

The 3.92 target was met and a small rally ensued. The next target down remains the 3.92 level.

A close above 4.12 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – In the June 2020uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.53 break down. Trade pressures are down but rising. Volumes are bullish.

The next target down is 3.84.

A close above 4.19 and above the 245×5 MA would signal a retracement up.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend and holding the 1655 support. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the move up from the 1738 long entry. Trade pressures are down into the neutral zone. Volumes are now bullish.

The next target up is the 1798 resistance. The 200 day MA is at 1822.

A close below 1776 would signal lower.

 

SILVER_ SIU21

Weekly – In the new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In a pullback form the 23.57 long entry on 8/13. Trade pressures are down. Volumes are bearish.

The US Dollar is at resistance. Use this pullback to enter trade at 22.60.

This is a counter trend trade because the weekly is still showing downward trade pressures; the stop will be a tick below 2.00.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper pressing higher. Gold and silver in new longs.

Crude Oil is at a decision point. Natural Gas looks lower.

The US 30 year Treasury is holding support at the 200 day MA.

The US Dollar futures are retracing the June -July move up.

_____________________

S&P 500 Futures_

Monthly – Another new high; endless money? Trade pressures are up. Volumes closed the month of July as bullish. Time cycles are coming to an end in these next few weeks. The next target up is 5027. A close below 3995 would confirm any weekly move lower.

Weekly – In the move up from the Nov 2020 long entry at 3524. Trade pressures are up. Volumes are very low and showing neutral. The next target up is 4599. a close below 4197 would confirm any daily move lower.

Daily – In the “buy the dips” staircase higher. Trade pressures are up. Volumes remain bullish. The next target up is 4594. A close below 4372 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 traded up and ended the week at approximately $148,000, up 48% 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, now near 50% once again.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – In the march 2021 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily  – Retracing the move up. Trade pressures are down. Volumes are neutral.

The next target down is 92.21, the new short entry.

A close above 92.87 would restart the uptrend.

 

US 30YR T-BOND_ USU21

Weekly – In the July 2021 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily – In the 7/2 move up from the 160-23 entry. Trade pressures are up. Volumes are neutral.

The next target up is 167-24.

Currently trading down with 200 day MA support at 162-03. Stops here.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the Jan 2021 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 70.50 short entry. Trade pressures are up but pointing down. Volumes are neutral.

The next target down is a retest of 64.17.

A close above 68.63 would signal higher.

 

NAT GAS_ NGZ21

Weekly – In the April 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. The uptrend line has been broken. Trade pressures are down. Volumes are bearish.

The next target down is 3.92.

A close above 4.21 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – In the June 2020 uptrend. Trade pressures are down into the neutral zone. volumes are neutral.

Daily – Flat. In the move up after the 7-26 new uptrend. Now testing  support at 4.20. Trade pressures are up. Volumes are bullish.

The next target up is 4.80.

A close below 4.08 would signal a new move lower.

 

GOLD_ GCZ21

Weekly – Last week’s drop blew out the longs. Trade pressures are down. Volumes are bullish.

Daily – Long. Once again the move up is triggered. Trade pressures are up. Volumes are neutral.

The next target up is 1798, which would also break the downtrend.

A close below the 1677 selloff low would signal lower once again. Use that as the stop and move to break even when possible.

[08-15-21: Sun Nite session, raise stops to break even @ 1738.]

 

SILVER_ SIU21

Weekly – The breakdown has created a new downtrend. Trade pressures are down. Volumes are bullish.

Daily – Long. The bounce has triggered a new long entry at 23.57. Trade pressures are down but rising. Volumes are neutral.

The next target up is 24.85.

The prior low at 22.29 is the stop. Bring to breakeven asap.