#emini #spfutures #SP500 #ES

Market Pressures_

Copper is showing lower. Gold and silver are both in a retracement down after the big move up.

Crude oil is in a the flat sideways move. Natural gas made a big move up and si now in increasing daily ranges as it tries to find new direction.

The US 30 year Treasury is testing resistance after a move down.

The US Dollar futures are experiencing some short covering.

______________________

S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3948. A close below 2928 would confirm any weekly move lower.

Weekly – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3110 would confirm any daily move lower.

Daily – Flat. Moving up through old highs. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3540. The stochastic indicators are all showing over bought. A close below 3306 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 2020 year.

The Top 5 portfolio stocks rallied with earnings reports during this last week. The portfolio stocks are up 5% for the week and valued at approximately $112,000, now up 12% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets and is show some strength, but a failure would trigger a short. Gold and silver sold off hard but bounced right back.

Crude Oil is in the long side ways channel. Natural Gas is in a move up and looks higher still.

The US treasury Bonds are near a new short entry. Just be aware of the stimulus talks.

The US Dollar futures have sold off hard and are now oversold.

_______________________

S&P 500 Futures_

Monthly – Touched a new high intraday. Trade pressures are up. Volumes closed the month of July as Bullish. The next target up is 2289. A close below 2827 would confirm any weekly move lower.

Weekly – In the move up from the 2430 April long entry. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3096 would confirm any daily move lower.

Daily – In the move up from the 2835 May long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3420.00.

A close below 3293 would signal a new move down.

_______________________

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 sold off during this last week. The portfolio stocks are down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the prior week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement after the growth stocks sold off. Gold and silver had some profit taking also.

Crude oil rallied to the high end of the range. Nat gas is in a nice move up.

The US Treasuries are In a retracement after a move up.

The US dollar futures have a bullish weekly volume bar in the move down, but no reversal yet.

_______________________

S&P 500 Futures_

Monthly – Another monthly high is this recovery run up. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2927 would confirm any weekly move lower.

Weekly – Near the Q1 prior high at 3375. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3061 would confirm any daily move lower.

Daily – Still in the move up. Trade pressures are up. Volumes are bullish. the next target up is 3375. A close below 3276 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 2020 year.

The Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 2% for the week and valued at approximately $112,000, now up 12% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement move down. Gold is making another run to 2000. Silver is in a new move down.

Crude oil is still in a tight range between 40-42. Nat Gas is in a second leg up in the new move up.

US 30yr Treasuries continue the move up with the new stimulus on the horizon.

The US Dollar futures are at the downside target and have attracted some short covering.

_______________________

S&P 500 Futures_

Monthly – Continues the grind higher. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2905 would confirm any weekly move lower.

Weekly – Second week of consolidation at the 3230 target level. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 3375. A close below 2998. would confirm any daily move lower.

Daily – Flat. Attempted a move lower but rallied at the end of the week to get back into the rising channel. Trade pressures are up. Volumes are bullish. The next target up is 3375. A close below 3120 would signal lower. Both weekly and daily volumes remain bullish, so the odds favor 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 Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 5% for the week and valued at approximately $110,000, now up 10% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

Clorox (CLX, Nvidia (NVDA) and VIP Shop (VIPS) will be replaced in the portfolio by Genmab (GMAB), Quidel Corp (QDEL) and Zoom (ZM) at 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

Dexcom, Inc.

Dexcom, Inc. (DXCM) is certainly thriving in the current environment! Dexcom develops glucose monitoring systems that help diabetic patients test and maintain their blood glucose levels. The best part is that it can all be done remotely. The diabetic wears a sensor and a transmitter that reads glucose levels and provides alerts to a smart phone if levels change drastically.

Well, on Tuesday, Dexcom revealed that its CGM systems have been available in U.S. hospitals and healthcare facilities to assist frontline workers during the pandemic. Due in part to this and strong demand for at-home healthcare options, Dexcom reported stunning second-quarter results.

Second-quarter revenue jumped 34% year-over-year to $451.8 million, topping estimates for $415.74 million. Earnings surged 888.5% year-over-year to $77.1 million, or $0.79 per share, compared to earnings of $7.8 million, or $0.08 per share in the second quarter of 2019. Analysts were expecting earnings of $0.35 per share, so Dexcom beat forecasts by a whopping 125.7%.

Thanks to the strong quarterly results, Dexcom also provided full-year 2020 guidance. The company now expects full-year revenue to grow 25% year-over-year to $1.85 billion. DXCM is an Aggressive buy below $500.

SOM Technicals:

4-25-20: Closed at 332.44. Trade pressures are up but declining. Volumes are bullish. New highs next target up is 350.00.

5-2-20: Closed at 341.52. Trade pressures are down into,the neutral zone. Volumes remain bullish. The pull back could go to 304 and still be in the uptrend.

5-8-20: Closed at 405.50. Trade pressures are up. Volumes are bullish; some selling into this big rally.

5-15-20: Closed at 417.13. Trade pressures are up but declining. Volumes are neutral. support is at 381.00.

5-22-20: Closed at 405.25. Trade pressures are down. Volumes are neutral. In a retracement move down to test the 25×5 MA support at 370.

5-30-20: Closed at 378.31. Trade pressures are down but rising.  Volumes are neutral. Bounced off the 25×5 support level at 370.

6-6-20: Closed at 364.49. Trade pressures are down. Volumes are bullish. The next target down is 300.

6-12-20: Closed at 370.23. Trade pressures are down but rising. Volumes are bullish. In the down trend, the next target down is 310.00.

6-20-20: Closed at 409.36. Trade pressures are up. Volumes are bullish. In a new up trend. the next target up is 454.00.

6-26-20: Closed at 383.06. Trade pressures are down hard. Volumes are bearish. A close below 374.00 would start anew downtrend.

7-4-20: Closed at 407.35. Trade pressures are up. Volumes are bullish. The next target up is 428.59.

7-10-20: Closed at 439.64. Trade pressures are up. Volumes are bullish. The next target up is 459.00. 

7-18-20: Closed at 424.43. Trade pressures are up. Volumes are neutral. The next target up is the prior high at 446.50.

7-24-20: Closed at 422.00. Trade pressures are down. Volumes are bullish. The next target down is 389.00.

7-30-20: Closed at 435.54. Trade pressures are up but showing divergence. Volumes are bullish. The next target down is 384.18.

8-7-20: Closed at 440.70. Trade pressures are up but declining. Volumes are bearish.Support is at 400.00.

8-15-20: Closed at 426.75. Trade pressures are don into the neutral zone. Volumes are bearish. In consolidation. the next target down is 393.91.

8-21-20: Closed at 426.90. Trade pressures are down. Volumes are bearish. The next target down is 393.91.

 

DocuSign, Inc.

DocuSign, Inc. (DOCU) provides an e-signature platform that is utilized by more than 650,000 customers and millions of e-signers. The reality is that DocuSign’s e-signature technology enables businesses to send and sign agreements virtually, with up to 82% of agreements signed in less than 24 hours. And it can be integrated with several popular solutions, like Salesforce and Workday.

In June, DocuSign reported that it saw a significant increase in total customers during its first quarter in fiscal year 2021. Its customer base grew 30% year-over-year to 661,000, up from 508,000. The company also reported first-quarter revenue growth of 39% and earnings growth of 71.4%.

For the second quarter, which is expected to be announced in early September, DocuSign is anticipating revenue between $316 million and $320 million, which represents 34.1% to 35.8% annual revenue growth. Analysts are also forecasting 700% annual earnings growth, or $0.08 per share, up from $0.01 per share in the second quarter of fiscal year 2020. DOCU is a Moderately Aggressive buy below $242.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likel;y 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.

 

Genmab A/S

Genmab A/S (GMAB) was added to the High-Growth Investments Buy List in the July Monthly Issue. If you recall, Genmab is a biotechnology company that’s focused on developing antibody therapeutics to treat cancer. The company currently has two products on the market: DARZALEX, which is FDA-approved to treat multiple myeloma, and Arzerra, which treats chronic lymphocytic leukemia.

Thanks to strong demand for antibody therapeutics and its strategic partnerships, Genmab posted double-digit revenue growth and triple-digit earnings growth in the first quarter. But, considering that analysts have increased earnings forecasts by a whopping 2,128.9% in the past two months, the second-quarter results are lining up to be even more phenomenal.

Second-quarter earnings are expected to surge 4,135% year-over-year to $8.47 per share, up from $0.20 per share in the same quarter a year ago. Revenue is forecast to soar 623.7% year-over-year to $842.71 million, compared to $116.45 million in the second quarter of 2019. GMAB is a Moderately Aggressive buy below $37.

SOM Technicals:

7-31-20: Closed at 34.50. Trade pressures are down. Volumes are bearish. The next target down is 32.04.

8-7-20: Closed at 36.52. Trade pressures are up. Volumes are bullish. the next target up is 37.79.

8-15-20: Closed at 36.92. Trade pressures are up but reversing. Volumes are neutral. The next target down is 33.09.

8-21-20: Closed at 38.23. Trade pressures are up. Volumes are bullish. At the 37.79 target. Expect consolidation here.

 

Quidel Corporation

Quidel Corporation (QDEL) is also making its first appearance on the Top 5 Stocks list this month, given its superior fundamentals and subsequent blowout earnings report on Thursday, July 30. Quidel is a diagnostic healthcare manufacturer that’s focused on improving the quality of healthcare. As such, Quidel has been on the frontlines of the recent pandemic, developing a diagnostic test for COVID-19.

So, it’s no wonder that Quidel crushed expectations for the second quarter. Total second-quarter revenue soared 86% year-over-year to $201.8 million, beating forecasts for $189.79 million. The company noted that it achieved sales of $109 million for its COVID-19 products during the quarter.

Quidel also revealed that second-quarter earnings surged 416.7% year-over-year to $1.86 per share, up from $0.36 per share in the second quarter of 2019. Analysts were expecting earnings of $1.09 per share, so QDEL posted a stunning 70.6% earnings surprise. QDEL is an Aggressive buy below $322.

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.

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) is a leading provider of online video and audio conference calls, as well as collaboration, chat and webinar tools. The company’s software-based conference room is utilized by businesses and individuals around the world. In fact, it’s become widely popular throughout the pandemic, with millions accessing the online platform daily to maintain business communications.

So, it’s not too surprising that Zoom had stunning first-quarter results. The company reported total first-quarter revenue growth of 169% and earnings growth of 555%. With many businesses still operating remotely and folks self-isolating at home amidst recent outbreaks, the analyst community is betting that Zoom’s second-quarter results will be equally impressive.

Zoom is expected to release second-quarter results in early September. Currently, analysts are looking for earnings of $0.45 per share, up 462.5% from the $0.08 per share reported in the second quarter of 2019. Analysts have also increased earnings estimates by 309% in the past two months, which bodes well for a fifth-straight quarterly earnings surprise. The company has posted a triple-digit earnings surprise in each of the last four quarters. ZM is an Aggressive buy below $305.

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.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper declines with the S&P. Gold and silver have shot up as the dollar declines.

Crude rallied with the market and now is in a small retracement. Natural Gas is trying to rally inside the long downtrend.

The US 30 year Treasuries moved higher with the dollar decline.

The US Dollar futures are down hard and look oversold.

_______________________

S&P 500 Futures_

Monthly – In the move up from the 2845 long entry. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is the prior high of 3375.00. A close below 2818 would confirm any weekly move lower.

Weekly – In the move up from the April 2430 long entry. Trade pressures are up. Volumes are bullish.The next target up is the prior high of 3375. In consolidation now at the 3230 upside target. A close below the 2952 level would confirm any daily move lower.

Daily – Flat. In a retracement move lower after reaching the 61% target at 3235. Trade pressures are up. Volumes are bearish. Still in the uptrend. So for the moment the trade is still buy the dips. The next target up is the 3264 recent high. A close below 3119 would signal lower and 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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are down 1% for the week and valued at approximately $105,000, now up 5% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper consolidating at the 2.91 level. Gold also in consolidation. Silver also in consolidation at the 19.50 level.

Crude is flat tracking along the 40-41 levels. Natural gas is attempting a move higher.

Us 30 year treasuries look higher with the new stimulus package coming soon.

The US Dollar is testing the 95 support levels.

_______________________

S&P 500 Futures_

Monthly – In the new move up from the 2845 entry. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is the prior high at 3375. A close below 2853 would confirm any weekly move lower.

Weekly – Still in the long move up off the March lows. Trade pressures are up. Volumes are bullish. The next target up is also the prior high at 3375. A close below 2947 would confirm any daily move lower.

Daily – In the move up from the 2934 long entry. Trade pressures are up but showing divergence. Volumes are now neutral. The next target up is still 3235. A close below 3142 would signal lower.

The weekly trade pressures are still up, so buy the daily dips is still the rule.

[7-21-20: Now seeing the NASDAQ futures diverge from the S&P 500. A sell signal has been triggered on the NQ’s at 10883. stops at 11058. First target down is 10708.]

[7-22-20: Lower stops to 10934.]

[7-23-20: Stop triggered and then price immediately turned down again.]

 

_______________________

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 sold off with the market during this last week. The portfolio stocks are down 4% for the week and valued at approximately $106,000, now up 6% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is now at the 2.91 upside target. Gold is retracing inside the uptrend. Silver is in consolidation.

Crude oil is in a move up but looking for some consolidation here. Nat Gas remains in the move up, but having a small retracement.

The US 30 year Treasury Bond broke out into  new uptrend.

The US Dollar futures are lower and in a new move down.

______________________

S&P 500 futures_

Monthly – In the move up off the 2845 confirmation of the uptrend. Trade pressures are up. Volumes closed the Month of June as neutral. The next target up is the old high at 3375. A close below 2799 would confirm any weekly move lower.

Weekly – In consolidation after the move up to 3220. Trade pressures are up. Volumes are bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – Still in the move up. The Trade pressures are holding in the neutral zone. Volumes are bullish.

The Friday close above the prior three day’s highs signals a new move up. Look for a small retracement for some price improvement to enter a new long.

Stops will be the 25×5 MA currently at 3109.

[7-13-20: Long at 3194.] [Set stops at 3190.]

[7-14-20: Stopped during the selloff yesterday.]

_______________________

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 sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $110,000, now up 10% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper was within a point to the upside 2.78 target, now retracing. Gold is also retracing. Silver is showing some signs of turning down.

Crude oil could start a new move up. Natural Gas has triggered a new long entry, but very hard to trade.

The US 30 Year Treasury is in a move up.

The US Dollar futures are in a downtrend and moving sideways.

________________________

S&P 500 Futures_

Monthly – The monthly bar closed the week higher. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is 3375. A close below 2797 would confirm any weekly move lower.

Weekly – Still in the move up from the April 2430 long entry. Trade pressures are up but diverging. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – in the move up from the 2937 May long entry and consolidating at the 61% target of 3142. Trade pressures are up but reversing. Volumes are bullish. The next target up is 3235. A close below 2917 would signal lower.

Watch the trade pressures. If they cycle lower and then back up without triggering a short then a new long is likely.

_______________________

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 sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $101,000, now up 1% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

[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 after a retracement. Gold is in a new long. Silver is near the end of it’s move.

Crude is in a small retracement. Watch for a break of the 25×5 MA.  Nat Gas is steadily declining.

The US 30 year Treasuries are in a new move up.

The US Dollar is retracing after the move down to the  target. Watch for new bullish volumes.

______________________

S&P 500 Futures_

Monthly – The monthly has closed this week below the prior month’s close. Trade pressures are up in the neutral zone. Volumes closed the month of May as neutral. The next target up is the prior high at 3375. A close below 2803 would confirm any weekly move lower.

Weekly – Remains in the move up from the April 2430 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – In the move up from the 2945 long entry. Met the 61.8 % target and began the retracement which we are now in. Trade pressures are down. Volumes are bearish.

The next target down is 2972.

The 200 day MA is at 3007 and is potential support. More likely is a back-test up to the 25×5 MA at 3050 levels and then down again.

Apple is 3.5% of the S&P 500; good to watch it’s movement.

_______________________

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 sold off with the market during this last week. The portfolio stocks are down 2% for the week and valued at approximately $98,000, now down 2% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

As of this next Monday, Fortinet (FTNT) and ResMed (RMD) will be replaced with Clorox  (CLX) and DocuSign (DOCU) at the opening prices.

 

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