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/

Navellier says,

High-Growth Investments

DocuSign, Inc.

DocuSign, Inc. (DOCU) offers a cloud-based platform that allows businesses and remote workers to develop, upload and send agreements virtually. The company’s eSignature technology has certainly been popular during the pandemic, as DocuSign has 100s of millions of users around the world and 745,000 paying customers.

As a result, DocuSign unveiled blowout results for its third quarter back on December 3. The company achieved third-quarter revenue of $382.9 million, or 53% year-over-year growth. That topped analysts’ expectations for $361.15 million. Third-quarter earnings per share soared 100% year-over-year to $0.22, smashing estimates for $0.13 per share by 69.2%.

The stock has grown more volatile in recent weeks, given the FDA approval of the COVID-19 vaccine and subsequent rollout here in the U.S. But here’s the truth: Remote work is here to stay. Companies have discovered that employees are more productive at home, and many are making remote work an ongoing option for many employees. So, the need for DocuSign’s cloud-based solutions will also persist.

And analysts agree: Fourth-quarter earnings estimates have been increased by 40% in the past month alone. Fourth-quarter earnings are now expected to jump 75% year-over-year, while revenue is forecast to grow 48.3% year-over-year. DOCU is a Moderately Aggressive buy below $268.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likely to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also. Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.

9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.

9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.

9-19-20: Closed at 194.42. Trade pressures are down. Volumes are neutral. The next target down is 173.35.

9-26-20: Closed at 212.36. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 173.35.

10-11-20: Closed at 225.80. Trade pressures are down into the neutral zone. Volumes are bullish. A close above 240 would signal higher.

10-17-20: Closed at 234.60. Trade pressure are up. Volume are bullish. The next target up is 300.00.

10-24-20: Closed at 219.82. Trade pressures are down but reversing. Volumes are bearish. The next target down is 195.29.

10-30-20: Closed at 202.25. Trade pressures are down. Volumes are bearish. the next target down is 195.29.

11-07-20: Closed at 231.69. Trade pressures are up but reversing. Volumes are bearish. Resistance at 246 held. the next target down is the 195 prior target.

11-14-20: Closed at 205.70. Trade pressures are now up but reversing again. Volumes are bearish. The 195 level was touched then rallied to the close.

11-20-20: Closed at 221.59. Trade pressures are up. Volumes are bullish.  The next target up is 241.70.

11-29-20: Closed at 226.87. Trade pressures are up. Volumes are bullish. The next target up is 241.70.

12-05-20: Closed at 243.22. Trade pressures are up. Volumes are neutral. The next target up is 298.04.

12-11-20: Closed at 225.49. Trade pressures are down into the neutral zone. Volumes are neutral. the next target down is 203.56.

12-19-20: Closed at 241.00. Trade pressures are up but reversing. Volumes are bullish. Support is at 225.00.

12-26-20: Closed at 244.93. Trade pressures are up but reversing. Volumes are neutral. Support is at 230.00.

01-01-21: Closed at 222.30. Trade pressures are down. Volumes are bearish. The next target down is 203.50. Support is at 222.00.

01-08-21: Closed at 244.54. Trade pressures are up. Volumes are bullish. The next target up is 249.63.

01-16-21: Closed at 249.28. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is the 236.78 short entry.

01-22-21: Closed at 255.15. Trade pressures are neutral. Volumes are neutral. The next target down is 236.78. A break above 258 would signal higher.

 

Logitech International SA

Logitech International SA (LOGI), as we discussed earlier, is benefiting from the surge in online gaming and folks’ efforts to set up home offices. Logitech’s products include keyboards, mice, iPad and tablet accessories, smartphone accessories, headsets, webcams, home security cameras, smart home devices, video conferencing tools and speakers, as well as advanced gaming gear.

During the company’s second quarter in fiscal year 2021, gaming product sales accounted for $182 million. Keyboards, video collaboration tools and pointing devices accounted for $145 million, $130 million and $120 million, respectively. Total second-quarter revenue soared 75% year-over-year to $1.26 billion. That crushed estimates for $834.55 million.

Thanks to strong demand for its products and the better-than-expected quarterly results, Logitech upped its outlook for fiscal year 2021. The company expects full-year revenue between 35% and 40%, compared to previous forecasts for 10% to 13%. Analysts have also upped earnings estimates for full-year 2021 by 72.4% in the past three months. LOGI is a Conservative buy below $103.

SOM Technicals:

12-19-20: Closed at 94.85. Trade pressures are up. Volumes are bullish. In the move up from 86.80. The next target up is 99.86.

12-26-20: Closed at 92.96. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is the prior high at 95.94.

01-01-21: Closed at 97.19. Trade pressures are up. Volumes are bullish. The next target up is 99.86.

01-08-21: Closed at 104.85. Trade pressures are up. Volumes are bullish. Zipped thru the 99.86 level; at the 105.70 target. Expect some retracement.

01-16-21: Closed at 100.91. Trade pressures are down. Volumes are bearish. Now in the new short. The next target down is 97.12 which is also a support level.

01-22-21: Closed at 104.20. Trade pressures are up. Volumes are bullish. Testing the 105 highs.

 

Novavax, Inc.

Novavax, Inc. (NVAX) develops vaccines for the toughest viruses in the world by utilizing its proprietary technology that uses genetic engineering and Matrix-M to boost biologic functions and create a positive immune response. The company’s COVID-19 vaccine is in Phase 3 clinical trials in the U.K. and late-stage trials are anticipated in the U.S. in the coming weeks.

While it appears that Novavax is falling behind other vaccine companies like Pfizer and Moderna, here’s what sets it apart: Novavax is also developing a vaccine for seasonal influenza, Nanoflu, and it’s currently in Phase 3 clinical trials. If approved by the FDA, Nanoflu could be combined with the company’s COVID-19 vaccine so folks would only need one shot during flu season. That could be a huge win for Novavax and a big step towards profitability for the company. NVAX is an Aggressive buy below $198.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are buillish. The next target up is 129.00. 

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

11-29-20: Closed at 126.20. Trade pressures are up. Volumes are neutral. Thru the 117 target and now at the 123 target. The next target up is 160.90.

12-05-20: Closed at 126.25. Trade pressures are up but declining. Volumes are neutral. In a retracement inside the move up. The next target down is 94.06.

12-11-20: Closed at 124.88. Trade pressures are up. Volumes are bearish. The next target up is 162.34.

12-19-20: Closed at 124.85. Trade pressures are up into the neutral zone. Volumes are neutral. Need a break above the 136.00 level to establish a new long.

12-29-20: Closed at 129.34. Trade pressures are up. Volumes are neutral. A close above 133.09 would signal a new move up. 

01-01-21: Closed at 111.54. Trade pressures are down. Volumes are bearish. Closed below the 25×5 MA . The next target down is 94.09.

01-08-21: Closed at 121.69. Trade pressures are up but reversing. Volumes are bearish. The next target down is 94.09.

01 -16-21: Closed at 127.43. Trade pressures are up. Volumes are bullish. Have closed above the upper median line. the next target up is the prior high at 150.50.

01-22-21: Closed at 126.98. Trade pressures are down but rising. Volumes are bearish. Support is 105.70.

 

United Microelectronics Corporation

United Microelectronics Corporation (UMC) develops and manufactures integrated circuits (ICs), with a specific focus on logic and specialty technologies. As a result, its wafers are utilized by every corner of the electronics industry. It has 12 fabrication facilities throughout Asia and manufactures more than 750,000 eight-inch wafers monthly.

In November, the company achieved sales of NT$14.73 billion, or a 6% year-over-year increase. For the first 11 months of 2020, UMC reported total sales for NT$161.53 billion, up nearly 20% from the NT$134.83 billion reported in the first 11 months of 2019. So, it’s not too surprising that the company is expected to post strong results for the fourth quarter and full year 2020.

For the fourth quarter, earnings are forecast to grow 20% year-over-year to $0.06 per share and sales are expected to rise 14.4% year-over-year to $1.57 billion. For full-year 2020, analysts are looking for earnings of $0.31 per share on $6.01 billion in revenue, which represents 138.5% annual earnings growth and 25.2% annual revenue growth. UMC is an Aggressive buy below $10.

SOM Technicals:

12-19-20: Closed at 8.13. Trade pressures are up. Volumes are neutral. Support is at 7.69.

12-26-20: Closed at 8.29. Trade pressures are up. Volumes are neutral. Support is at 7.69. 

01-01-21: Closed at 8.43. Trade pressures are down into the neutral zone. Volumes are neutral. Support is now 7.90.

01-08-21: Closed at 8.52. Trade pressures are up. Volumes are bearish. Support is now 7.90.

01-16-21: Closed at 8.78. Trade pressures are down into the neutral zone. Volumes are bearish. Sharp pull back off the 9.64 high. The next target down is 8.43.

01-22-21: Closed at 10.27. Trade pressures are up. Volumes are bullish. The next target up is 10.77.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) rounds out the Top 5 Stocks list for the seventh-straight month. The reality is that Zoom will continue “zooming” in the New Year, as folks continue to work from home and connect via the company’s online communication platform. During the third quarter alone, the company had 433,700 customers with 10 or more employees, or a 485% year-over-year increase.

With the work-from-home trend expected to persist for the foreseeable future, even more individuals and businesses are set to utilize the company’s video communication tools for meetings and to collaborate with fellow employees. As a result, Zoom looks for even more customers to purchase monthly subscriptions in the coming months.

For the fourth quarter in fiscal year 2021, Zoom expects these new subscriptions to be a big addition to its top and bottom lines. Fourth-quarter revenue is expected to come in between $806 million and $811 million, up from $188.25 million in the fourth quarter of 2020. Fourth-quarter earnings per share are forecast to surge to between $0.77 and $0.79, compared to $0.15 per share in the same quarter a year ago. ZM is an Aggressive buy below $483.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

9-19-20: Closed at 438.73. Trade pressures are up. Volumes are bullish. In the new move after a back test to try to close the gap at 345. The next target up is 470.76.

9-26-20: Closed at 496.50. Trade pressures are up but declining. Volumes are now neutral. The next target down is 452.23.

10-11-20: Closed at 492.41. Trade pressures up Volumes are bullish. The next target up is the 529.74  prior high.

10-17-20: Closed at 559.00. Trade pressures are up and trending. Volumes are bullish. the next target up is 594.76.

10-24-20: Closed at 511.52. Trade pressures are down. Volumes are bearish. The next target down is 487.96.

10-30-20: Closed at 460.91. Trade pressures are down. Volumes are bearish. The next target down is 446.50.

11-07-20: Closed at 500.11. Trade pressures are up. Volumes are bullish. Need to clear the 25×5 resistance at 501.00.

11-14-20: Closed at 403.68. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 357.00.

11-20-20: Closed at 439.60. Trade pressures are up. Volumes are now bullish. The next target up is resistance at 470.00.

11-29-20: Closed at 471.61. Trade pressures are up. Volumes are bullish. At the 470.75 target.  The next target up is 505.88.

12-05-20: Closed at 410.01. Trade pressures are down. Volumes are bearish. At lower wedge support. The next target down is a retest of the prior low at 366.28.

12-11-20: Closed at 397.01. Trade pressures are down but rising. Volumes are bearish. The next target down is 357.46.

12-19-20: Closed at 406.01. Trade pressures are up. Volumes are bullish. Need a break above the 25×5 MA to restart the move up. 

12-26-20: Closed at 375.17. Trade pressures are down. Volumes are bearish. The next target down is 357.04.

01-01-21: Closed at 337.32. Trade pressures are down. Volumes are bearish. The next target down is the 200 day MA at 308.06.

01-08-21: Closed at 349.61. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is the 200 day MA at 313 which should act as support.

01-16-21: Closed at 384.53. Trade pressures are up. Volumes are bearish. Support is at 339, the lower median line.

01-22-21: Closed at 383.40. Trade pressures are down.Voumes are bullish. The next target up is 462.81.

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the rally. Gold broke above the resistance as did silver.

Crude oil continues the rally. Natural gas is testing a new long entry level.

The US 30yr Treasuries are in a move lower.

The US dollar futures continue lower.

________________________

S&P 500 Futures_

Monthly – Breaks above the long term trend line to new highs. Trade pressures are up. Volumes clsoed the month of November as bullish. The next target up is 3916. A close below 3370 would confirm ant weekly move lower.

Weekly – In the move up from the 3550 new long entry. Trade pressures are down into the neutral zone but rising. Volumes are bullish. The next target up is 3871. A close below 3436 would confirm any daily move lower.

Daily – Flat. In the new move up from the 3533. Trade pressures are up but reversing. Volumes are bullish. The next target up is 3909. The Sept line of resistance at 3723 has been tested three times now. A close below 3638 would signal lower. A break out of this Sept line would also be significant.

________________________

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 stocks were neutral for the week and are remain valued at approximately $116,000, up 16% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

JD.com (JD) and Quidel Corp (QDEL) will be replaced with Logitech (LOGI) and United Microelectronics (UMC) at the open on Monday.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has had a big rally from the Aug long entry. Gold looks lower still. Silver is basing and could break out above 25.

Crude oil is in the move up. Natural gas is basing.

The US30 year Treasury Bonds are in a trading channel.

The US Dollar is testing $90.00 but could have a retracement rally soon.

________________________

S&P 500 Futures_ ESH21

Monthly – In the April uptrend. Trade pressures remain up. Volumes closed the month of November as bullish. The next target up is 3918. a Close below 3344 would confirm any weekly move lower.

Weekly – In the November move up from the 3550 entry. Trade pressures are in the neutral zone and rising. Volumes are bullish. The next target up is 3871. a close below 3440 would confirm any daily move lower.

Daily – Flat. In the November move up from the 3533 long entry. Trade pressures are down. Volumes are bullish. The next target up is 3909. A close below 3579 would signal lower and put the 3403 target in play. If the weekly trade pressures rise out of the neutral zone and the daily has a bullish reversal; then expect a retest of the channel high at 3713.

Brexit and the US stimulus talks may drive events. Perhaps lower before higher.

________________________

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 stocks were down for the week and are now valued at approximately $116,000, up 16% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues higher. Gold retraces in the downtrend. Silver moves side ways. New stimulus package negotiates.

Crude Oil is higher while Natural Gas forms a new downtrend.

The US 30year Treasury breaks lower.

The US Dollar futures continue the move lower.

________________________

S&P 500 Futures_

Monthly – Another high. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3948. A close below 3379 would confirm any weekly move lower.

Weekly – Breaking up and out of the April 2020 upper median line. Trade pressures are in the neutral zone. Volumes are bullish. The net target up is 3879. A close below 3413 would confirm any daily mover lower.

Daily – Flat. In the move up from the November close above 3533. Trade pressures are up and trending. Volumes are bullish. The next target up is 3909. Touching the upper bound of the rising channel at 3702. A close below 3549 would signal a new downtrend.

________________________

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 stocks were down for the week on the back of the ZM earnings and are now valued at approximately $118,000, up 18% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallies to the new target. Gold breaks the lows. Silver is holding at support.

Crude oil has broken out and reached the first target. Natual gas has signaled a new move up.

The US 30 YR Treasury Bonds are retracing up within the September move down.

The US Dollar futures continue the drift lower.

________________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes close the month of October as bullish and appear to do the same for November. The next target up is 3948. A close below 3417 would confirm any weekly move lower.

Weekly – In the new move up from the 3559 new long entry. Trade pressures are down into the neutral zone. Volumes are now bullish. A close below 3364 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 new long entry on 11-13. Trade pressures are up. Volumes are bullish. The next target up is the prior high of 3668. A close below 3509 would signal lower.

The 2 hour chart has support at 3614. Watch this for an early warning of 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 stocks were up sharply for the week and are now valued at approximately $122,000, up 22% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the move up. Gold is holding the 1848 support. Silver is looking a bit stronger.

Crude oil has broken out to the upside. Natural gas is still probing it lows.

The US 30 Year Treasury is testing the 200 day MA resistance.

The US Dollar futures are retesting the early November lows.

________________________

S&P 500 Futures_

Monthly – A 420 point range low to high so far this November. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is 3948. A close below 3243 would confirm any weekly move lower.

Weekly – The close above 3559 has signaled a new move up. But the move up is at resistance. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is the prior high of 3668. A close below 3364 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 new long entry, but also at resistance. Trade pressures are down. Volumes are bearish. The next target up is the prior high of 3668. The next target down is the up trend support at 3463. A break of the Friday lows would signal a test of that support and a subsequent test of the lower channel boundary at 3279. Then higher from there?

A volatile week in store, it appears. A break above the prior high negates the bear thesis.

________________________

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 stocks were flat for the week and remain valued at approximately $109,000, up 9% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

Logitech (LOGI) will be replaced with JD.com (JD), the Chinese online retailer, on the Monday open.

 

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

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

DocuSign, Inc.

DocuSign, Inc. (DOCU) continues to benefit from the work-from-home trend, as the company offers digital document signing. The company has a cloud-based platform that enables businesses and individuals to develop, upload, sign and send agreements and documents virtually. With DocuSign’s platform, there’s no need for putting pen to paper or meeting in person to sign documents anymore.

Many businesses have utilized DocuSign’s eSignature technology throughout the pandemic: It has 100s of millions of users globally and more than 745,000 paying customers. And its clients include 18 of the top 20 global pharmaceutical companies, 10 of the top 15 global financial services companies and seven of the top 10 global technology companies.

So, it’s not too surprising that the analyst community is expecting solid third-quarter results. Third-quarter earnings are forecast to increase 18.2% year-over-year to $0.13 per share, while revenue is expected to jump 44.8% year-over-year to $361.19 million. Analysts have upped earnings forecasts over the past three months, and DocuSign has posted an average 134% earnings surprise in the past four quarters. Another earnings surprise is likely.

DocuSign will release results for its third quarter in fiscal year 2021 after the stock market closes on December 3. DOCU is a Moderately Aggressive buy below $247.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likely to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also. Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.

9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.

9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.

9-19-20: Closed at 194.42. Trade pressures are down. Volumes are neutral. The next target down is 173.35.

9-26-20: Closed at 212.36. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 173.35.

10-11-20: Closed at 225.80. Trade pressures are down into the neutral zone. Volumes are bullish. A close above 240 would signal higher.

10-17-20: Closed at 234.60. Trade pressure are up. Volume are bullish. The next target up is 300.00.

10-24-20: Closed at 219.82. Trade pressures are down but reversing. Volumes are bearish. The next target down is 195.29.

10-30-20: Closed at 202.25. Trade pressures are down. Volumes are bearish. the next target down is 195.29.

11-07-20: Closed at 231.69. Trade pressures are up but reversing. Volumes are bearish. Resistance at 246 held. the next raget down is the 195 prior target.

11-14-20: Closed at 205.70. Trade pressures are now up but reversing again. Volumes are bearish. The 195 level was touched then rallied to the close.

11-20-20: Closed at 221.59. Trade pressures are up. Volumes are bullish.  The next target up is 241.70.

11-29-20: Closed at 226.87. Trade pressures are up. Volumes are bullish. The next target up is 241.70.

12-05-20: Closed at 243.22. Trade pressures are up. Volumes are neutral. The next target up is 298.04.

12-11-20: Closed at 225.49. Trade pressures are down into the neutral zone. Volumes are neutral. the next target down is 203.56.

 

JD.com, Inc.

JD.com, Inc. (JD) is the largest e-commerce platform in China and the biggest overall retailer in the country. In fact, JD has more than 700 warehouses throughout China and its fulfillment network reaches 99% of the entire Chinese population. Clearly, JD is directly in line to prosper from the shift to more online shopping amidst the global pandemic and China’s recent economic recovery—and that was apparent in the company’s recent earnings report.

During the third quarter, JD added more than 100 million new active customers. At the end of the third quarter, JD had 441.6 million annual active customer accounts, up 32.1% from 334.4 million at the end of the same quarter a year ago.

Third-quarter revenue jumped 29.2% year-over-year to RMB174.2 billion, with sales of general merchandise products accounting for RMB58.1 billion and service revenue coming in at RMB22.8 billion. The company also reported that earnings soared 80.1% year-over-year to RMB5.6 billion, up from RMB3.1 billion in the same quarter a year ago.

In U.S. dollar terms, JD achieved earnings of $0.8 billion and revenue of $25.7 billion. Earnings per ADS were $0.50. The analyst community was expecting earnings per ADS of $0.40 and revenue of $25.7 billion, so JD posted a 25% earnings surprise and in-line revenue. JD is a Conservative buy below $94.

SOM Technicals:

11-20-20: Closed at 87.74. Trade pressures are up. Volumes are bullish. In a retracement down from the 92.77 prior high. The next target down is the $80 support line at the uptrend resistance. Buy the pull backs to this line.

11-29-20: Closed at 89.41. Trade pressures are down into the neutral zone. Volumes are bullish. The support line has risen to 85.69.

12-05-20: Closed at 85.19. Trade pressures are up but reversing. Volumes are neutral. Closed below the 25×5 MA support line. the next target down is 80.15.

12-11-20: Closed at 82.61. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 80.19.

 

Novavax, Inc.

Novavax, Inc. (NVAX) has been incredibly resilient amidst the market’s gyrations in November. In fact, the stock has rallied more than 7% over the past three weeks. The reason why is simple: Positive efficacy data for COVID-19 vaccines has created optimism and excitement around Novavax’s vaccine candidate.

You may recall that Novavax develops vaccines for the toughest viruses in the world. Currently, the company’s Nanoflu vaccine for seasonal influenza and RexVax vaccine for RSV F in infants are both in Phase 3 clinical trials. The company’s RexVax vaccine for RSV in seniors and Ebola GP vaccine are in Phase 2 clinical trials.

And with funding from both Operation Warp Speed and the Bill & Melinda Gates Foundation, Novavax is also developing a COVID-19 vaccine. The company recently reported that it’s seen “remarkable progress” in its Phase 3 trial for its COVID-19 vaccine in the U.K. Interim data is expected in the first quarter of 2021, and a Phase 3 trial in the U.S. is anticipated by the end of November. NVAX is an Aggressive buy below $137.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are buillish. The next target up is 129.00. 

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

11-29-20: Closed at 126.20. Trade pressures are up. Volumes are neutral. Thru the 117 target and now at the 123 target. The next target up is 160.90.

12-05-20: Closed at 126.25. Trade pressures are up but declining. Volumes are neutral. In a retracement inside the move up. The next target down is 94.06.

12-11-20: Closed at 124.88. Trade pressures are up. Volumes are bearish. The next target up is 162.34.

 

Quidel Corporation

Quidel Corporation (QDEL) shares have been a bit volatile in November with positive efficacy data announced for two COVID-19 vaccines in recent weeks. However, as we discussed in the November 13 Weekly Update, I view the recent dip in QDEL as a great buying opportunity. The reality is that a vaccine hasn’t been approved by the FDA yet, and even when a vaccine is approved, it’s going to be a logistical nightmare to distribute. So, COVID-19 testing will remain critical to curbing the spread of the virus.

Quidel currently has two tests for COVID-19: Its Sofia-Antigen test and its Lyra RT-PCR test. Both have been in strong demand as the U.S. amped up its testing capabilities over the past eight months. John Hopkins University recently reported that more than 1.4 million tests are performed each day—and that figure is rising and could easily exceed two million per day.

Considering the surge in testing, it’s no surprise that Quidel reported blowout third-quarter results. In fact, the company noted that sales of COVID-19 products soared to $375.7 million, thanks to strong demand for both of its COVID-19 tests. Total third-quarter revenue jumped 276% year-over-year to $476.1 million, while earnings per share surged 725.7% year-over-year to $5.78.

Looking forward, the analyst community has also continued to up their fourth-quarter estimates. In the past month alone, earnings estimates have increased by 27.8%. For the fourth quarter, earnings are now forecast to increase 907% year-over-year to $10.07 per share, and revenue is forecast to grow 431.5% year-over-year to $808.88 million. QDEL is an Aggressive buy below $224.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

8-29-20: Closed at 162.97. Trade pressures are down hard. Volumes are neutral, short covering? The 200 day MA held as support. A close above 188.83 is the new long entry.

9-5-20: Closed at 154.41. Trade pressures are down. Volumes are bearish. 200 day MA is holding as support.

9-12-20: Closed at 161.19. Trade pressures are rising into the neutral zone. Volumes are now bullish. A close above 188.63 would signal higher.

9-19-20: Closed at 188.50. Trade pressures are up. Volumes are bullish. Has triggered a new long entry. The next target up is 248.00.

9-26-20: Closed at 196.77. Trade pressures are up but turning down. Volumes are bullish. The next target down is 161.41.

10-11-20: Closed at 278.05. (Nice  move while i was gone!) Trade pressures are up and trending. Volumes are bullish. The next target up is 290.43.

10-17-20: Closed at 255.25. Trade pressures are down. Volumes are bearish. A retest of the breakout. support at 223.

10-14-20: Closed at 248.21. Trade pressures are down and trending. Volumes are bearish. At the 239 support.

10-30-20: Closed at 268.29. Trade pressures are up but reversing. Volumes are bullish. the 239 support held. The next target down is 201.45 which would be voided by any close above 287.30.

11-07-20: Closed at 283.46. Trade pressures are up. Volumes are bullish. The next target up is 290.43.

11-14-20: Closed at 198.65. Trade pressures are down. Volumes are bearish. Vaccine prospects presage less testing. At support now.

11-20-20: Closed at 187.19. Trade pressures are down. Volumes are bearish. At 180.00, the 200 day MA as support. A close above 217 is required to restart any new move up.

11-29-20: Closed at 188.60. Trade pressures are rising into the neutral zone. Volumes are bullish. No one loves testing with a vaccine on the horizon? 183 MA support is holding.

12-05-20: Closed at 193.57. Trade pressures are up but reversing. Volumes are neutral. At support the next target down is 117.00.

12-11-20: Closed at 202.56. Trade pressures are up. Volumes are bullish. the new long entry is triggered at 204.90.

 

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) rounds out the Top 5 Stocks list again this month, and for good reason: The company’s video conferencing platform will remain in top demand for the foreseeable future. In fact, the platform hasn’t only been vital to businesses working remotely, it’s also been critical to helping family and friends stay connected this year. As a result, Zoom had more than 370,000 customers at the end of the third quarter.

To ensure that its customers remained connected this holiday season, Zoom is spreading some early holiday cheer. The company announced this week that its 40-minute time limit on free meetings would be lifted on Thanksgiving Day. With many folks unable to travel and share Thanksgiving dinner with their family and friends due to travel restrictions, Zoom wants to ensure that their Thanksgiving celebrations aren’t cut short by time restrictions.

It’s this sense of goodwill that will continue to drive folks to use Zoom’s platform throughout the holiday season and well into the New Year as the pandemic persists. And that should continue to add to Zoom’s top and bottom lines.

The analyst community has already more than doubled fourth-quarter earnings estimates over the past three months. Fourth-quarter earnings are expected to surge 744.4% year-over-year to $0.76 per share, up from $0.09 per share in the same quarter a year ago. Fourth-quarter revenue is also forecast to soar 316.4% year-over-year to $693.68 million. ZM is an Aggressive buy below $526.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

9-19-20: Closed at 438.73. Trade pressures are up. Volumes are bullish. In the new move after a back test to try to close the gap at 345. The next target up is 470.76.

9-26-20: Closed at 496.50. Trade pressures are up but declining. Volumes are now neutral. The next target down is 452.23.

10-11-20: Closed at 492.41. Trade pressures up Volumes are bullish. The next target up is the 529.74  prior high.

10-17-20: Closed at 559.00. Trade pressures are up and trending. Volumes are bullish. the next target up is 594.76.

10-24-20: Closed at 511.52. Trade pressures are down. Volumes are bearish. The next target down is 487.96.

10-30-20: Closed at 460.91. Trade pressures are down. Volumes are bearish. The next target down is 446.50.

11-07-20: Closed at 500.11. Trade pressures are up. Volumes are bullish. Need to clear the 25×5 resistance at 501.00.

11-14-20: Closed at 403.68. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 357.00.

11-20-20: Closed at 439.60. Trade pressures are up. Volumes are now bullish. The next target up is resistance at 470.00.

11-29-20: Closed at 471.61. Trade pressures are up. Volumes are bullish. At the 470.75 target.  The next target up is 505.88.

12-05-20: Closed at 410.01. Trade pressures are down. Volumes are bearish. At lower wedge support. The next target down is a retest of the prior low at 366.28.

12-11-20: Closed at 397.01. Trade pressures are down but rising. Volumes are bearish. The next target down is 357.46.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is up with equities. Gold and silver dropped with the vaccine news – no more stimulus?

Crude oil and natural gas both moved up with the hope of renewed economic activity.

The US 30 yr Treasuries move down with the same hopes that the demand for money would bring rates up.

The US Dollar continues the long trend down.

________________________

S&P 500 Futures_

Monthly – The move down was triggered this last month but now the new high has made that trigger moot. Trade pressures are up. Volumes closed the month of October as bullish. The next target down is 3061. The next target up is 3948 and would confirm any weekly move higher.

Weekly – A big retracement reversal of the move down. Trade pressures now down into the neutral zone.  Volumes are bullish. The next target up is the upper median line at 3642. The close above 3550 does confirm the daily move higher. A move below 3381 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 Nov 10th long entry. Trade pressures are up but declining. Volumes are bullish. In a retracement move down after the 3533 long entry. The next target down is 3433. A close below 3364 would confirm the move down.

Profit taking in the WFH (work from home) stocks continues.

________________________

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 Top 5 portfolio tech (ZM)  and medical stocks (QDEL) dropped hard with the vaccine news this last week. The portfolio stocks were down for the week and are now valued at approximately $109,000, up 9% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in a new move up. Gold and silver rallied all month expect some consolidation then higher.

Crude oil is a short. Natural gas also in a move down; expect some consolidation here.

The US 30YR Treasuries are trying to move higher but have run into resistance.

The US Dollar futures are in a new move down.

_________________________

S&P 500 Futures_

Monthly – The move down was triggered this last month. Trade pressures are up. Volumes closed the month of October as bullish. The next target down is 2979. The next target up is the prior high of 3576 and would confirm any weekly move higher..

Weekly – A big retracement in the new move down. Trade pressures are up but reversing down. Volumes are bullish. The next target down is 2970. A close above3550 would confirm any daily move higher.

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3533. Expect consolidation and retracement here. A close below the 25×5 MA at 3417 would signal lower. Looking for a retracement of this post election move up.

[11-09-20: Wrong. Pfizer announcement triggers open economy trades.]

________________________

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 Top 5 portfolio stocks rallied into and beyond election day this last week. The portfolio stocks were up for the week and are now valued at approximately $129,000, up 29% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper pulling back form the highs. Gold and silver testing the September lows.

Crude oil is down and has triggered a new short. Nat gas is near the 3.41 target and looking to consolidate.

The US Treasuries are down with the Dollar.

The US Dollar is creating a channel between 95 and 92.50.

_______________________

S&P 500 Futures_

Monthly – Lower Highs. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is the prior high at 3576. A close below 3259 would confirm any weekly move lower.

Weekly – Now in the new move down. Trade pressures are up but reversing sharply. Volumes are bearish. The next target down is 2970. Any close above 3550 would confirm any daily move higher.

Daily – Short . In the new move down from the 3273 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3162 (take the profit there).  A close above 3402 would signal higher. Use 3402 as the stop for any short.

[11-05-20: election volatility never allowed the trade entry.]

_______________________

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 Top 5 portfolio stocks were pushed down hard this last week. The portfolio stocks were down for the week and are now valued at approximately $117,000, up 17% for the YTD. This move up has absorbed the March down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle. Institutions are likely buying these TOP 5 better fundamentals into these earnings reports.

Genmab (GMAB) will be replaced by Logitech (LOGI) on the open.

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