Category: Public

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is pulling back inside it’s uptrend. Gold is trying move lower. Silver is in a shallow move down.

Crude is a retracement move up. Natural gas is in a choppy move inside a wide channel.

The US 30 Year Treasuries are side ways but looking for a new move down.

The US Dollar futures remain in the wide channel.

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S&P 500 Futures_

Monthly – The April bar has engulfed the March bar. Trade pressures are up. Volumes closed the month of April as Neutral (buyers equaled sellers).  Still in the move down. The next target down is 2461. A close above the 3176 level would confirm any weekly move higher.

Weekly – Still in the move up. Trade pressures are up Volumes are bullish. The next target up is 2833 then 3240. A close below 2671 would confirm any daily move lower.

Daily – Flat. The time pressures are down and will begin a new cycle up in the next week. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 3262. A close below 2742 would signal lower and a target of 2361.

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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 fell back another 1% this week to approximately $87,000, now down 13% YTD. The 13% gains from these first two months of 2020 have 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.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new move up. Gold is losing momentum in the rally. Silver could begin a new rally if it can hold 14.00.

Crude Oil is un-tradeable. Natural Gas is in a retracement of the move up; could have a new long entry soon.

The US 30YR Treasury is in a move up, but looking for a new short.

The US Dollar futures are range bound between 101 and 98.

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S%P 500 Futures_

Monthly – Still in the move down. Trade pressures are down but turning up. Volumes  closed the Month of March as bearish. The next target down is 2461. A close above 2858 would confirm any weekly move higher.

Weekly – In the move up from the 2441 level off the lows. Trade pressures are up. Volumes are bullish. At the 2833 target and consolidating. The next target up is 3240. A close below 2598 would confirm any daily move lower.

Daily – Flat. In the move up and at the 2849 upside target and consolidating. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is first the 200 day MA at 2941, then the 3252 100% target. A close below 2662 would signal lower and a test of the 2500 level.

Watch the 2799 level on the 60 minute charts.

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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 fell back another 2% this week to approximately $88,000, now down 12% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. These fundamentals should become more important as the market narrows.

Copart (CPRT) , Invitation Homes (INVH) and S&P Global (SPGI) will be replaced by DexCom (DXCM), Microsoft (MSFT) and VipShop Hldg (VIPS) at the open on Monday.

 

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

Navellier Top Stocks for May

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

Brown & Brown, Inc.

Brown & Brown, Inc. (BRO) is the sixth-largest insurance brokerage in the U.S., with more than 290 locations. Insurance isn’t a very sexy business, but Brown & Brown’s business model is very attractive—and it’s added to its top and bottom lines over the years. Simply put, Brown & Brown focuses first and foremost on its customers and protecting their most-valued assets.

Brown & Brown is scheduled to announce first-quarter results after the closing bell on Monday, April 27. The consensus estimate calls for earnings of $0.46 per share on revenue of $682 million, which represents 13.4% annual revenue growth and 12.2% annual earnings growth.

Analysts’ earnings estimates have remained steady over the past few months. The company has posted a positive earnings surprise in each of the last four quarters, so I wouldn’t be surprised if Brown & Brown exceeds analysts’ expectations again. BRO is a Conservative buy below $37.

SOM Technicals:

3-27-20:  Closed at 35.93. Trade pressures are rising into the neutral zone. Volumes are bullish. Need a close above 36.10 to start a new move up.

4-4-20: Closed at 33.41. Trade pressures are down. Volumes are bearish. The next target down is the 30.70 prior low.

4-11-20: Closed at 39.03. Trade pressures are up. Volumes are bullish. In the move up, the next target up is 44.85.

4-17-20: closed at 38.10. Trade pressures are down into the neutral zone. Volumes are bullish. Consolidating at the 200 day MA.

4-25-20: Closed at 34.76. Trade pressures are down. Volumes are bearish. The next target down is a retest of the lows. at 30.70.

5-2-20: Closed at 35.06. Trade pressures are down. Volumes are neutral. At the 25×5 support level. of 36.

5-8-20: Closed at 37.60. Trade pressures are up. Volumes are bullish. Still in the  move down. Need a close above 38.00 change the trend.

5-15-20: Closed at 37.00. Trade pressures are down but rising. Volumes are bullish. The new uptrend has started.

 

DexCom, Inc.

DexCom, Inc. (DXCM) has been a solid performer for us, up more than 156% since we added it to the High-Growth Investments Buy List in December 2018. The reality is that DexCom has cornered a very lucrative market: continuous glucose monitoring (CGM). The company’s CGM technology enables a diabetic to test their blood glucose levels without pricking their finger.

Strong demand for its products and services have driven DexCom’s sales and earnings growth over the years. In fiscal year 2019, the company achieved 397.3% annual earnings growth and 43.7% annual revenue growth.

DexCom will post earnings and revenue results for its first quarter in fiscal year 2020 on Tuesday, April 28 after the stock market closes. First-quarter earnings are expected to surge 380% year-over-year to $0.14 per share, up from a $0.05 per share loss in the same quarter a year ago. Analysts have upped earnings forecasts over the past three months, which means a fifth-straight quarterly earnings surprise is likely. Revenue is forecast to increase 28% year-over-year to $358.94 million. DXCM is an Aggressive buy below $381.

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.

 

Microsoft Corporation

Microsoft Corporation (MSFT) is a big-name technology company that’s most well-known for its Windows operating systems. There are currently more than 900 million devices utilizing the latest Windows operating system, Windows 10. And, amidst the coronavirus pandemic, the company’s Microsoft Teams platform has enabled businesses to work remotely together, with group chats, video meetings, calls and collaborative workspaces.

Company management noted that it’s seen a dramatic increase in demand for Microsoft Teams and Microsoft 365, as businesses around the world enabled their employees to work remotely. Microsoft Teams has also helped many schools and universities better connect students and educators.

Still, Microsoft stated that interruptions to supply chains due to the coronavirus likely impacted the company’s top and bottom lines in its third quarter in fiscal year 2020. Analysts, however, have actually increased earnings forecasts over the past three months. The current consensus estimate calls for earnings of $1.24 per share, or 13.2% annual earnings growth.

We’ll have a clearer picture on Microsoft’s fundamentals on Wednesday, April 29, as the company is scheduled to announce third-quarter results. For now, the company is benefiting from an influx in buying pressure and strong top- and bottom-line growth. MSFT is a Conservative buy below $182.

SOM Technicals:

4-25-20: Closed at 174.55. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is 196.00. Consolidating at the 62% upside target .

5-2-20: Closed at 174.57. Trade pressures are up but near the neutral zone. Volumes are neutral. Consolidating around the 178 100 % target.

5-8-20: Closed at 184.68. Trade pressures are up. Volumes are bullish. the next target up is 192.31.

5-15-20: Closed at 183.16. Trade pressures are up. Volumes are bullish. The next target up is 192.31

 

ResMed, Inc.

ResMed, Inc. (RMD) is a leading provider of respiratory solutions, as the company offers CPAP devices and other life support ventilators in more than 120 countries around the world. In response to the coronavirus pandemic, ResMed is planning to double, and possibly triple, its production of ventilators and ventilation masks. These efforts are aimed at aiding in treatment of patients diagnosed with the coronavirus—and should also add to the company’s top and bottom lines.

ResMed is set to report earnings and sales for its third quarter in fiscal year 2020 after the stock market closes on Thursday, April 30. The company is expected to report earnings of $1.05 per share, or 18% annual earnings growth, and revenue of $720.4 million. Analysts have also upped earnings forecasts over the past three months, which bodes well for a fifth-straight quarterly earnings surprise.

I should also add that ResMed continues to reward its shareholders with quarterly dividends. Most recently, the company paid a dividend of $0.39 per share on March 19. RMD has climbed nicely higher with other dividend stocks recently, jumping 48% in the past five weeks. RMD is a Conservative buy below $169.

SOM Technicals:

3-27-20: Closed at 141.95. Trade pressures are up. Volumes are bullish. In the new move up from the 129.46 long entry price.

4-4-20: Closed at 152.97. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 1182.81.

4-11-20: Closed at 152.97. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 182.81.

4-17-20: Closed at 165.16. Trade pressures are up. Volumes are bullish. The next target up is the 177.99 prior high.

4-25-20: Closed at 161.90. Trade pressures are down but rising. Volumes are now neutral. At the upside 62% target. Expect consolidation.

5-2-20: Closed at 159.07. Trade pressures are up. Volumes are bearish. At the 62% target and in consolidation.

5-8-20: Closed at 162.75. Trade pressures are up. Volumes are bullish. In consolidation at the 162 target level.

5-15-20: Closed at 164.12. Trade pressures are down but rising. Volumes are bullish. Consolidating at the 162 target level. The next target up is 180.00.

 

Vipshop Holdings Ltd.

Vipshop Holdings Ltd. (VIPS) was added to the High-Growth Investments Buy List in the April Growth Investor Monthly Issue, as the company is set to benefit from an influx in online orders in China. You may recall that Vipshop Holdings is an online discount retailer of brand-name consumer goods. And the company has a very loyal following, with 69 million active users.

Vipshop Holdings is expected to announce results for its first quarter in fiscal year 2020 in mid-May—and analysts are expecting another blowout quarter. Earnings estimates have been revised a stunning 242.3% in the past two months alone.

Overall, the analyst community is looking for earnings of $0.89 per ADS and revenue of $18.3 billion. That represents 512.6% annual revenue growth and 423.5% annual earnings growth. VIPS is an Aggressive buy below $18.

SOM Technicals:

4-25-20: Closed at 16.09. Trade pressures are down. Volumes are bearish. Support at the 25×5 MA at 16.00.

5-2-20: Closed at 15.20. Trade pressures are down. Volumes are bearish. In a new move down. The next target down is 11.53.

5-8-20. Closed at 17.18. Trade pressures are down but rising. Volumes are bullish. Ripped higher at the close. Need a close above 17.25 to change the trend.

5-15-20: Closed at 16.85. Trade pressures are down, but rising. Volumes are bullish. The next target up is 18.95.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper remains in the move up. Gold and silver are in a pullback, but looking for a new move up.

Crude Oil is in the move down.

The US 30 year Treasuries are consolidating around the 180-00 level.

The US Dollar futures are in a bear flag move up.

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S&P 500 Futures_

Monthly – Big move off the lows. Trade pressures are down but showing a bullish reversal. Volumes  closed the month of March as bearish. The next target down is 1882.  A close above 2858 would confirm any weekly move higher.

Weekly – In the move up from the 2440 long entry. Trade pressures are up. Volumes are bullish. The next target up is 3240. A close below 2598 would confirm any daily move lower.

Daily – Flat. In the move up from the 2428 long entry level. Trade pressures are up but declining. Volumes are bullish. Met the 2849 target. The next target up is 3252, but the 200 day MA is at 2949 and would be expected to turn the rally down for some profit taking.

The 60 min chart has a new short entry at 2832 which bears watching. Watch the dollar, declines should benefit the equity markets.

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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 fell back this week to approximately $90,000, now down 10% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The fundamentals should remain intact.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in moves up, but volumes has dropped significantly.

Crude oil is in a retracement down and is driven by news. Natural Gas has moved up to resistance levels and is moving down to support.

The US 30 year Treasury Bonds are in a move down.

The US Dollar futures are in a move down.

_______________________

S&P 500 Futures_

Monthly – The 2461 target has held the closing lows. Trade pressures are down. Volumes closed the month of March as bearish. The next target down is the previous low of 2174. A close above 2858 would confirm any weekly move higher.

Weekly – The March lows occurred with predominately bullish average volumes. Trade pressures are rising into the neutral zone. Volumes are neutral. Also on very light volumes. The next target up is 2838. A close below 2523 would confirm any daily move lower.

Daily – In the move up from the 2428 long entry. Trade pressures are up. Volumes are bullish. The next target up is 2840. The 200 day MA is at 2957 and should act as resistance and could signal lower prices. A close below 2523 would signal lower.

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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 rallied this week to approximately $91,000, now down 9% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The fundamentals should remain intact.

 

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

 

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and Silver are in the retracement move up.

Crude oil move up sharply thru the new long entry. Natural gas is close to a bullish breakout.

The US 30YR Treasury bond is in the move up.

The US Dollar futures are in the move up again; targeting the prior highs.

_____________________

S&P 500 Futures_

Monthly – In the move down and back near the 2461 downside target. Trade pressures are down. Volumes closed the month of March as bearish for the second month in a row. Not seen since 2009-2010. The next target close down is 2461. A close above 2856 would confirm any weekly move higher.

Weekly – In the new move up from the 2427 long entry price. Trade pressures are down but turning up. Volumes were bullish but now bearish. The next target up is 2838. A close below 2349 would confirm any daily move lower.

Daily – Long. In the move up from the 2428 long entry. Trade pressures are down. Volumes are bearish. The next target up is 2840. A close below 2411 would signal lower. The weekly trade  pressures have had a bullish reversal, so any daily bullish reversal should be positive.

Lots of “event risk” emanating from the white house.

[4-5-20: Sun Nite. Out at 2540. Look for a better entry.]

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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 dropped this week to approximately $78,000, now down 22% YTD. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact.

 

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up but often parallels the equity markets. Gold and Silver have had dramatic moves both down then up; showing some selling pressures now.

Crude oil is trying to find a base. Natural gas the same. Both are suffering from the industry participants need for cash; new supplies hit the market seemingly with every uptick.

The US 30 year Treasury Bond is in a new move up, but appears to be short lived.

The US Dollar futures are retreating off the recent highs as the world need for dollars temporarily abates.

_______________________

S&P 500 Futures_

Monthly – Spiked down to a low of 2124 but rallied to close above the 2461 target. Trade pressures are down. Volumes closed the Month of  February as bearish and March should be same. The next target down is 2461. A close above 2858 would confirm many weekly move higher.

Weekly – The 2174 low was stopped by the lower median line from the Oct 2019 lows. Trade pressures are down but showing a bullish reversal. Volumes are still bearish. The next target down is a retest of the lows. The close above 2427 has confirmed the daily move up.

Daily – Long. In the move up from 2301 new long entry. Trade pressures are up. Volumes are three days bullish. The sell off at the Friday close should be limited as the weekly has had a bullish reversal. The next trade should be up with the daily and weekly in alignment. Watch the 60 min to see when the lower time frames have their next bullish reversal.

The next target up is 2713.

Where will we be wrong? A close below the both Thursday and Fridays lows would act as stops.

[4-1-20: A close below 2411 would signal lower. Use this as the stop.]

I think watch the Dollar futures, any sharp new demand for dollars may be an alert for a failure some where in the financial system.

_______________________

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

The portfolio is rallied this week to approximately $82,000, from minus 33% to minus 17% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact.

(LDOS) Leidos Hldg and (TDY) Teledyne Technologies will be replaced with (BRO) Brown and Brown and (RMD) ResMed, Inc. at the open on Monday.

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

Navellier Top stocks for April

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

Brown & Brown, Inc.

Brown & Brown, Inc. (BRO) is the sixth-largest insurance brokerage in the U.S., and we added it to the High-Growth Investments Buy List in the March Growth Investor Monthly Issue. You may recall that Brown & Brown was founded to help its community better protect their most-valued assets. And, in light of the coronavirus pandemic, the company is offering resources to help individuals and businesses better navigate the risks of the current environment.

Brown & Brown offers live stream informative sessions to discuss the evolving risks of the coronavirus pandemic. On the company’s website, businesses also have access to a slew of resources from checklists for evaluating employee benefits to insurance coverage related to COVID-19 claims. Clearly, Brown & Brown is helping keep its customers informed during these uncertain times.

Brown & Brown’s focus on its customers and support of the local community have added to the company’s success over the past 81 years. It should also play a key role in generating customer loyalty and add to the company’s future success.

For the first quarter, analysts’ earnings forecasts have remained fairly steady. Brown & Brown is expected to report earnings of $0.46 per share, or 12.2% annual earnings growth. And full-year 2020 earnings forecasts have actually been revised higher in the past two months. BRO is a Conservative buy below $39.

SOM Technicals:

3-27-20:  Closed at 35.93. Trade pressures are rising into the neutral zone. Volumes are bullish. Need a close above 36.10 to start a new move up.

4-4-20: Closed at 33.41. Trade pressures are down. Volumes are bearish. The next target down is the 30.70 prior low.

4-11-20: Closed at 39.03. Trade pressures are up. Volumes are bullish. In the move up, the next target up is 44.85.

4-17-20: closed at 38.10. Trade pressures are down into the neutral zone. Volumes are bullish. Consolidating at the 200 day MA.

 

Copart, Inc.

Copart, Inc. (CPRT) is our leading online auctioneer for vehicles, with more than 200 pick-up locations in 11 countries around the world. In 2019, Copart had more than two million unique international visitors to its sites. And, given the “social distancing” and “stay-at-home” policies, even more folks may be turning to Copart’s online options if they’re in need of a vehicle.

All of Copart’s auctions are conducted online, so there hasn’t been any adjustments to the company’s normal auction schedules. But, to keep up with demand and maintain its employees and customers’ safety, Copart encourages users to download its mobile app. The app will allow customers to pay for their vehicle online, schedule vehicle pickups, acquire vehicle titles and review vehicle condition reports.

Since Copart’s operations are continuing fairly normally, there should be little impact to the company’s top and bottom lines. For the company’s third quarter in fiscal year 2020, the consensus estimate calls for earnings of $0.74 per share on $606.85 million in revenue. That represents 12.1% annual earnings growth and 9.7% annual revenue growth. CPRT is a Moderately Aggressive buy below $77.

SOM Technicals:

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

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

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

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

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

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

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

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

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

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

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

2-23-20: Closed at 95.25. Trade pressures are down. Volumes are neutral. The downside target at 90.82 held as support. The next target down is 90.82.

2-29-20: Closed at 84.48. Trade pressures are down. Volumes are bullish. At the 200 day MA. A close above 87.30 would signal higher.

3-6-20: Closed at 80.19. Trade pressures are down but rising. Volumes are bearish. Just below the 200 day MA.

3-14-20: Closed at 73.84. Trade pressures are down but rising. Volumes are now bullish.at the 1.62% down side target. Need a close above 75.87 to move higher.

3-21-20: Closed at 60.15. Trade pressures are down but rising. Volumes are bearish. The next target down is 55.67. need a close above 67.12 to restart any move up.

3-27-20: Closed at 70.30. Trade pressures are up. Volumes are bullish. Traded up after the touch of the lower median line. Now in the new move up from the 69.91 long entry.

4-4-20: Closed at 61.80. Trade pressures are down. Volumes are bearish. Down hard from the new long entry. stop at the prior low of 55.69.

4-11-20: Closed at 74.99. Trade pressures are up. Volumes are bullish. The next target up is the 200 day at 83.23.

4-17-20: Closed at 72.10. Trade pressures are rising into the neutral zone. Volumes are neutral. Sitting on the new long entry price of 69.95

 

Invitation Homes, Inc.

Invitation Homes, Inc. (INVH) offers quality single-family rental homes in 17 popular U.S. cities, including Chicago, Denver, Las Vegas, Orlando, Phoenix, Seattle and Tampa. The company currently has more than 80,000 homes in its portfolio, with convenient locations to jobs and high-quality school districts.

The low mortgage rate environment has made home ownership attractive to many Americans. But others are still hesitant to buy, especially given the uncertainty surrounding the coronavirus outbreak in the U.S. and questions about when the country will be operating at normal levels again. As a result, home rentals remain in strong demand right now.

Analysts are foreseeing some impact to Invitation Homes business and have lowered earnings forecasts for the first quarter in the past month. But the company is still expected to report earnings of $0.05 per share and sales of $444.6 million, or 25% annual earnings growth and 2.1% annual sales growth.

I should add that Invitation Homes also continues to reward its shareholders. In January, the company increased its quarterly dividend by 15%. The stock currently has a 3.7% dividend yield. So, I expect yield-hungry investors to pour into INVH in the coming weeks. INVH is a Conservative buy below $22.

SOM Technicals:

2-29-20: Closed at 28.69. Trade pressures are down. Volumes are bullish. Consolidating now at 27.96,  the 200 day MA.

3-6-20. Closed at 29.54. Trade pressures are down into the neutral zone. Volumes are bullish. The 200 day MA at 29.11 seems to hold.

3-14-20: Closed at 27.95. Trade pressures are down but rising and showing some divergences. Volumes are neutral. After spiking down to 22, price has closed above a new long entry at 25.15.

3-21-20: Closed at 17.19. Trade pressures are down. Volumes are bearish. The next target down is 13.50. Need a close above 20.02 to restart a move up.

3-27-20: Closed at 20.81. Trade pressures are up into the neutral zone. Volumes are bullish. The close above 18.79 triggered the new long entry.

4-4-20: Closed at 19.37. Trade pressures are down into the neutral zone. volumes are neutral. In the move up from the 18.70 entry the next target up is 23.90.

4-11-20: Closed at 19.37. Trade pressures are down into the neutral zone. Volumes are now neutral. The retracement is now back to the long entry price of 18.79.

4-17-20: Closed at 23.82. Trade pressures are down into the neutral zone. Volumes are neutral. At the 23.90 upside target. The next target up is 29.00.

 

ResMed, Inc.

ResMed, Inc. (RMD) was also one of our new buys in the March Growth Investor Monthly Issue. ResMed, which is short for Respiratory Medicine, manufactures CPAP masks, machines and other life support ventilators for in-home use. With operations in more than 120 countries around the world, the company strives to help individuals with chronic respiratory diseases.

Given that the individuals with respiratory diseases are more at-risk to the coronavirus, it’s not too surprising that ResMed has stepped up to help combat the disease. The company has more than 7,500 employees around the world collaborating with hospitals, physicians, health authorities and governments. Respiratory equipment and ventilators have been in top demand.

ResMed has also stated that it will double—possibly triple—its production of ventilators, as well as produce 10 times more ventilation masks. These efforts will go a long way to helping treat patients with the coronavirus throughout the world.

The boost in production should also add to the company’s top and bottom lines. For the first quarter, the analyst community is looking for earnings of $1.05 per share, or 18% annual earnings growth, and revenue of $726.65 million in revenue. Analysts have also upped earnings forecasts over the past two months. RMD is a Conservative buy below $151.

SOM Technicals:

3-27-20: Closed at 141.95. Trade pressures are up. Volumes are bullish. In the new move up from the 129.46 long entry price.

4-4-20: Closed at 152.97. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 1182.81.

4-11-20: Closed at 152.97. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 182.81.

4-17-20: Closed at 165.16. Trade pressures are up. Volumes are bullish. The next target up is the 177.99 prior high.

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) provides vital financial information through its multiple divisions, including S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts. In the current environment of economic and financial uncertainty, S&P Global is relied heavily on for data, credit ratings and custom indices.

S&P Global mines through more than 135 billion data points from around the world. Its analysts and systems process the data to uncover critical information and to provide strategic analysis. As a result, S&P Global’s resources are in top demand and deemed necessary to navigate today’s bumpy landscape.

For the first quarter, S&P Global is expected to report earnings of $2.35 per share and revenue of $1.69 billion. That translates to 7.9% annual revenue growth and 11.4% annual earnings growth. The company also recently paid a quarterly dividend of $0.67 per share on March 11. The stock has a 1.2% dividend yield. SPGI is a Conservative buy below $258.

SOM Technicals:

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

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

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

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

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

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

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

2-23-20: Closed at 293.25. Trade pressures are down. Volumes are bearish. The next target down is 283.00.

2.29.20: Closed at 265.91. Trade pressures are down. Volumes are bullish. At 257.02, the 200 day MA.

3-6-20: Closed at 271.06. Trade pressures are down into the neutral one., Volumes are bearish. The 200 day MA is 258.76.

3-14-20: Closed at 248.47. Trade pressures down but rising. Volumes are bullish. The spike down and reversal has brought price up to near the new long entry at 250-55.

3-21-20: Closed at 208.79. Trade pressures are down but rising. Volumes are bullish. The next target down is 183.24. Need a close above 222.94 start a new move up.

3-27-20: Closed at 240.16. Trade pressures are up. Volumes are bullish. In the new move up from the 222.94 long entry.

4-4-20: Closed at 238.80. Trade pressures are down into the neutral zone. In the move up the next target up is the 200 day MA at 259.87.

4-11-20: Closed at 283.03. Trade pressures are up. Volumes are bullish. The next target up is 312.94.

4-17-20: Closed at 282.73. Trade pressures are up. Volumes are bullish. The next target up is the old high of 312.94.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement up. Gold and silver are basing with a new long entry nearby.

Crude oil is near a new long entry. Nat Gas is also near a new long entry.

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

The US Dollar futures are really stretched and over-bought.

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S&P 500 Futures_

Monthly – Closed below the Dec 2018 lows. Trade pressures are down. Volumes closed the month of February as bearish. The next target down is 1882. A close above 2944 would confirm any weekly move higher.

Weekly – Lower again. Trade pressures are down and oversold. Volumes are bearish. The next target down is 2177. A close above 2613 would confirm any weekly move higher.

Daily – Flat. Too much volatility. Trade pressures are down. Volumes are bearish. The next target down is a retest of 2266 and then 1997. A close above 2389 would signal higher, but this level has been traded thru each of the last two weeks.

_______________________

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

The portfolio is down this week to approximately $68,000 or minus 33% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. Once the selling is over it will be very interesting to see how fast these stocks move up. But don’t know when that is. Taiwan and Singapore are back in business while maintaining a close watch on the population with temperature checks and quick isolation; so there’s hope.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is consolidating at a downside target. Gold and silver are in a sharp pullback.

Crude oil has spiked down and recovered somewhat. Natural gas is in a new move up.

US 30 year Treasury Bonds are pulling back from all time highs.

The US Dollar futures are in a sharp move up.

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S&P 500 Futures_

Monthly – The move down to the 100% retracement target at 2461 has been reached. Trade pressures are down and oversold. Volumes closed as bearish foe the month of February. The next target down is the Dec 2018 low at 2322. A close above 2904 would confirm a weekly move higher.

Weekly – Completed the move down to the 1.62% target near 2360. Trade pressures are down. Volumes are bullish. The next target down is the 2360 target. The close above the 2660 has confirmed the new long daily move up.

Daily – Long. In the move up from the 2507 new long entry. Trade pressures are down. Volumes are bearish. The next target up is 2713. A close below 2532 would signal lower once again.

Downward time pressures end March 30th.

[3-16-20: Out at 2532 stop.]

_______________________

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

The portfolio is down this week to approximately $87,000 or minus 13% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. This portfolio was down 20% mid week but reversed quickly in this market.

 

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