#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new long trade. Gold and silver are in the move down, but seem stalled.

Crude oil is testing the recent lows. Natural gas attempted a move up, but has settled back into a basing mode.

The US 30 YR Treasuries are in a move down.

The US Dollar futures are in a strong move up as money flows to the US markets.

_______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3136 would confirm any weekly move lower.

Weekly – Remains in the move up from the 2943 long entry price. Trade pressures are up but turned down. Volumes are bullish again. The next target up is 3484. A close below 3228 would confirm any daily move lower.

Daily – Flat. In a pull back from the 3367 high. Trade pressures are up. Volumes are neutral. The next target up is 3376. A close below 3296 would signal lower.

Is money coming to the US from Asia? The dollar inflows are taking the dollar futures up at a rapid clip.

 

_______________________

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 up approximately to 109,000 or 9% YTD after the January month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper at lows. Gold and Silver moving higher without much conviction.

Crude oil is down at lows and at weekly support. Nat Gas is still in the move down but showing some accumulation.

The US 30 year Treasuries are at highs. Look for retracement.

The US Dollar fell hard this week. The Euro is the new long trade.

______________________

S&P 500 Futures

Monthly –  first down month in four months. Trade pressures are up. Volumes closed this January month as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bearish. the net target up is 3484. A close below 3178 would confirm any daily move lower.

Daily – Short. In the move down from the 3276 short entry level. Trade pressures are down. Volumes are bearish. The next target down is 3177. A close above 3275 would restart the move up.

NOTE: The December rally started at 3143. with a low pivot at  3072. So, the current uptrend will be intact until that 3072 level is broken.

[2-3-20: Short from the 3247 level. Stops at 3268. New target down is 3230.]

[2-3-20: stopped out in the post market session at the 3247 entry price.]

_______________________

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 up approximately to 107,000 or 7%  YTD in this January month so far. Sun Communities (SUI) will be replaced with Teledyne Tech (TDY) at the Monday opening.

 

[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

Arch Capital Group Ltd.

Originally founded as Risk Capital Holdings, Inc. back in 1995, Arch Capital Group Ltd. (ACGL) started by offering reinsurance underwriting and strategic insurance investments. However, after the company’s name change in 2000, Arch Capital Group initiated a new underwriting strategy in 2001 to better meet the needs of the insurance and reinsurance markets around the world.

Today, Arch Capital Group is a global leader in providing property, casualty and mortgage insurance and reinsurance products. While the company is primarily based in Bermuda, it has operations in Australia, Europe and North America. And in the first nine months of 2019, Arch Capital Group had nearly $32 billion in total assets.

Arch Capital Group’s operating income has continued to steadily climb over the years, rising 103% from $447.2 million in 2017 to $909.2 million in 2018. We’ll have a clearer picture of the company’s operating earnings in 2019 in a couple weeks, but based on results from the first nine months, full-year operating income is expected to surpass the $1 billion mark.

Arch Capital Group plans to announce fourth-quarter and full-year 2019 results after the stock market closes on February 11. Fourth-quarter earnings are expected to soar 47.8% year-over-year to $0.68 per share, up from $0.46 per share in the same quarter a year ago. Analysts have lowered earnings per share forecasts over the past three months, but the firm has posted a positive earnings surprise in each of the last four quarters. ACGL is a Conservative buy below $47.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

1-18-20: Closed at 45.17. Trade pressures are up. Volumes are bullish. In the new move up from the 44.38 level.

1-25-20: Closed at 44.99. Trade pressures are up but declining. Volumes are bullish. Support is at 43.49.

1-31-20: Closed at 44.16. Trade pressures are down.  Volumes are bearish. The next target down is 41.55.

2-7-20: Closed at 46.15. Trade pressures are up. Volumes are bullish. At the 61% target. The next target up is 50.88.

2-16-20: Closed at 47.68. Trade pressures are up but turning down. Volumes are bullish. The next target up is 50.88.

2-23-20: Closed at 47.12. Trade pressures are up but have made a bearish reversal. Volumes are now bearish. Support is at 46.

 

Copart, Inc.

Copart, Inc. (CPRT) was originally founded as a vehicle salvage yard in California back in 1982, but the entrepreneurial spirit of the company’s owner, Willis J. Johnson, ensured that the company evolved with the times. In fact, as the dot.com era was heating up in the mid-1990s, Copart launched its own website in 1996. By 2003, Copart offered the first online auto auction site.

Today, Copart is still focused on the sale of salvage vehicles from rental car companies, insurance companies, charities, local municipalities and financial organizations. The company’s inventory is kept on more than 8,000 acres of land, and more than 175,000 vehicles are up for auction each day. Copart sells more than two million vehicles every year.

Copart is expected to release earnings and sales for its second quarter in fiscal year 2020 in mid-February. The current consensus estimate calls for earnings of $0.66 per share, or 26.9% annual earnings growth, and revenue of $575.94 million. Analysts have also increased earnings forecasts over the past three months, so a fifth-straight quarterly earnings surprise is likely. CPRT is a Conservative buy below $109.

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.

 

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) had humble beginnings back in 1925 as the Florida Power & Light Company. It started operations with laundry services, ice companies and an ice cream business, as well as power plants, gas plants and water facilities. Today, NextEra Energy is a leading energy company, with two electric companies in Florida, a renewable energy business (wind, sun and battery storage) and eight nuclear power units.

The company posted fourth-quarter 2019 results on January 24. Fourth-quarter adjusted earnings came in at $706 million, or $1.44 per share, which was down from $718 million, or $1.49 per share, in the same quarter a year ago. That fell short of analysts’ estimates for $1.49 per share.

NextEra Energy also reported full-year 2019 adjusted earnings of $4.06 billion, or $8.37 per share, representing 10.6% annual earnings growth. Thanks to the strong financial and operational performance in 2019, NextEra Energy expects 2020 adjusted earnings per share between $8.70 and $9.20, or 3.9% to 10% annual earnings growth. NEE remains a Conservative buy below $286.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

1-18-20: Closed at 253.34. Trade pressures are up and extended. Volumes are bullish. The next target up is 267.08.

1-25-20: Closed at 263.70. Trade pressures are up and trending. Volumes are bullish. The next target up is 267.08.

1-31-20: Closed at 268.05. Trade pressures are up. Volumes are bullish. At the 267.08 target, expect consolidation.

2-7-20: Closed at 269.54. Trade pressures are up but turned down. Volumes are bullish. Consolidating around the 267.08 target.

2-16-20: Closed at 278.52. Trade pressures are up. Volumes are bullish. The next target up is 296.77.

2-23-20: Closed at 277.58. Trade pressures are up but have turned down. Volumes are bullish. The next target up is 296.77.

 

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) has a history that dates all the way back to 1860 when Henry Varnum Poor introduced the first guide to investing in the U.S. railroad industry. Then in 1941, Poor’s Publishing Co. merged with Standard Statistics Co., creating Standard & Poor’s. The company was acquired by McGraw-Hill in 1966, and it wasn’t until 2016 that the company changed its name to S&P Global.

Today, S&P Global is known for providing vital financial information. With multiple divisions, including S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts, the company has flourished into a leading provider of credit ratings, and it is relied on for data and custom indices.

S&P Global will provide earnings results for its fourth quarter on Thursday, February 6, before the stock market opens. The analyst community is looking for earnings of $2.43 per share, or 9.5% annual earnings growth. Analysts have increased earnings estimates over the past two months, which bodes well for another quarterly earnings surprise.

The company also announced this week that it was upping its quarterly dividend by 17.5%. S&P Global will pay a quarterly dividend of $0.67 per share, up from $0.57 per share, on March 11. All shareholders of record on February 26 will receive the dividend. The stock has a 0.9% dividend yield. SPGI is a Conservative buy below $314.

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

 

Teledyne Technologies, Inc.

Teledyne Technologies, Inc. (TDY) is making its first appearance on the Top 5 Stocks list, as we added the stock to the Buy List in the January 2020 Monthly Issue. You may recall that Teledyne Technologies started operations in the semiconductor industry. Today, the company provides digital imaging sensors, as well as cameras and other systems, that are used by several markets, including aerospace and defense, environmental monitoring, electronics design, deepwater oil and gas exploration, medical imaging and pharmaceutical research.

On January 22, Teledyne Technologies revealed record earnings and sales results for its fourth quarter. The company reported fourth-quarter sales of $834.2 million and earnings of $115.7 million, or $3.06 per share, which represented 11.5% annual sales growth and 25% annual earnings growth. Analysts were expecting earnings of $2.74 per share, so TDY posted an 11.7% earnings surprise.

For fiscal year 2019, Teledyne Technologies also broke sales and earnings records. Full-year earnings came in at $402.3 million, or $10.73 per share, and sales were $3.16 billion. That translated to 20.5% annual earnings growth and 9% annual sales growth. Thanks to the robust results, analysts have increased earnings forecasts for fiscal year 2020. TDY is a Conservative buy below $391.

SOM Technicals:

1-31-20: Closed at 365.06. Trade pressures are don. Volumes are bearish. First support is at 340.

2-7-20: Closed at 384.24. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-16-20: Closed at 389.46. Trade pressures are up. Volumes are bullish. The next target up is 429.

2-23-20: Closed at 385.66. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at the 379.94, the 25×5 MA.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper followed thru on the short trade. Gold and Silver looked lower but did not trigger.

Crude has continued lower. Natrual Gas is at downside targets; look for a retracement.

The US 30 year Treasuries are in the move up and could extend some more, but be careful.

The US Dollar futures are in the move up, but expect some consolidation here.

_______________________

S&P 500 Futures_

Monthly – Remains in the move up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up. Volumes are bullish even with a lower close. The next target up is 3484. A close below 3188 would confirm any daily move lower.

Daily – Flat. Remains in the move up, Trade pressures are up but have turned down. Volumes are bearish. The next target up is 3375. A close below 3275 would signal lower.

The 60  min is at the lower channel support with neutral volumes. Be alert for 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 is up approximately to 106,000 or 6%  YTD in this January month so far.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at a resistance point and has signaled a short. Gold and silver are in the move down but looking for a new long entry.

Crude is down but wants to correct here. Natural Gas is in a free fall.

The US treasury bonds are in a move down but looking also for a new move up.

The US Dollar futures are in a move up but are approaching resistance.

_______________________

S&P %00 Futures_

Monthly – Five months up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3107 would confirm any weekly move lower.

Weekly – Ripped thru the 3213 target with only a one week pause. Trade pressures are up. Volumes are bullish. The next target up is 3484. A close below 3180 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. Trade pressures are up. Volumes are bullish. The next target up is 3376. A close below 3267 would signal lower.

Time cycles are down this last week of January.

_______________________

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 up 5% for the YTD in this January month so far.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short. Gold and Silver rally with the new war drums in the middle east.

Crude oil rallies with the Middle east bombings. Natural gas is weak despite the turmoil.

US 30 year Treasuries are a safe have trade for a while.

The US Dollar futures rallied, but just back to the prior support levels.

_______________________

S&P 500 Futures_

Monthly – In the move up from the 2904 April ’19 long entry. Trade pressures are up. Volumes closed the December month as bullish. The next target up is 3408. A close below the 3042 level would confirm any weekly move lower.

Weekly – In the move up from the July ’19 long entry of 2943. Trade pressures are up and trending. Volumes are bullish. The next target up is 3484. A close below 3114 would confirm any Daily move lower.

Daily – Flat. Multiple targets at the 3260 level have been reached so expect some consolidation or retracement. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3375. A close below 3202 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 author may have long or short positions in any of the securities mentioned.]

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is Is at the 100% target, look for retracement. Gold is stalled in a move down. Silver is in a new long.

Crude oil has moved up to resistance. Natural gas has had a bullish reversal.

The us 30 Year Treasuries are still short but oversold.

The US Dollar futures are in the retracement up and nearing resistance.

_______________________

S&P 500 Futures_

Monthly – The fourth month of new highs. Trade pressures are up. Volumes closed the month of November as Bullish. The next target up is 3408. A close below 3008 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3484. A close below 3080 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. The SOM trade was taken out with a profit stop at 3180. Trade pressures are up and extended. Volumes are bullish. The next target up is 3259. A close below 3169 would signal lower.

There are three trades open which will be closed at the last trading day, if not stopped out prior, to mark-to-the-market for the year end.

 

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been steady this week up to  at approximately $115,000, or up about 15 percent for the year-to-date, but is still trailing the major averages. Keysight Tech (KEYS) will be replaced with S&P Global (SPGI) at the open Monday.

Three Dividend growth stocks will be dropped [Apollo (APO), MDC Holding (MDC), (McGrath Rentcorp (MGRC)]. Only the top 5 Growth stocks will be tracked this next year.

 

[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

Arch Capital Group Ltd.

Arch Capital Group Ltd. (ACGL) has earned a spot on the Top 5 Stocks list for three-straight months, thanks to its superior fundamentals. The Bermuda-based company is a leading provider of property, casualty and mortgage insurance and reinsurance products in Australia, Europe and North America. And its business has been booming.

In the third quarter, Arch Capital Group achieved earnings of $261 million, or $0.63 per share, up from $242.3 million, or $0.59 per share, in the third quarter of 2018. Analysts were expecting earnings of $0.62 per share, so ACGL posted a 1.6% earnings surprise. And I should add that the company has topped analysts’ earnings forecasts in each of the last four quarters.

Looking forward to the fourth quarter, the analyst community expects earnings of $0.68 per share and revenue of $1.28 billion. That translates to 9.7% annual revenue growth and 47.8% annual earnings growth. ACGL is a Conservative buy below $46.

SOM Technicals:

10-25-19: Closed at 40.80. Trade pressures are up but turning down. Volumes are Neutral. At the 39.05 target levels and in consolidation.

11-2-19: Closed at 41.82. Trade pressures are up. Volumes are bullish. At weekly resistances.

11-9-19: Closed at 40.58. Trade pressures are down. Volumes are bearish. The next target down is 38.93.

11-16-19: Closed at 40.63. Trade pressures are down but rising. Volumes are bearish. In the down trend. The next target down is 39.25.

11-22-19: Closed at 47.08. Trade pressures are down into the neutral zone. Volumes are bearish. In the move down. The next target down is 39.25.

11-30-19: Closed at 41.97. Trade pressures are up. Volumes are bullish. In the move p after a 5% pullback.

12-7-19: Closed at 41.18. Trade pressures are up. Volumes are neutral. In the new move up from the 41.39 level.

12-12-19: Closed at 41.75. Trade pressures are up. Volumes are bullish. Rallying inside the move down.

12-21-19: Closed at 42.67. Trade pressures are up but extended. Volumes are bullish. The weekly has turned up.

1-4-20: Closed at 43.35. Trade pressures are up. Volumes are bullish. The next target up is 44. 38. 

1-18-20: Closed at 45.17. Trade pressures are up. Volumes are bullish. In the new move up from the 44.38 level.

1-25-20: Closed at 44.99. Trade pressures are up but declining. Volumes are bullish. Support is at 43.49.

 

Copart, Inc.

Copart, Inc. (CPRT) has been one of the top performers on the High-Growth Investments Buy List in 2019, as the stock has rallied 90% year-to-date. Clearly, institutional buying pressure has remained strong all year, and we can chalk that up to solid earnings and sales growth, as well as positive analysts’ earnings revisions.

You may recall that Copart is a global leader in online vehicle auctions, as more than 150,000 vehicles are up for auction per day. The company also has more than 200 locations in 11 countries. And for the company’s fiscal year 2019, Copart achieved revenue of $2 billion, or 13.1% annual revenue growth.

For the first quarter of fiscal year 2020, which was reported in late November, Copart reported 20.2% annual revenue growth and 93.6% annual earnings growth. Adjusted earnings of $0.65 per share topped expectations for $0.59 per share by 10.2%. For the second quarter, analysts have upped earnings forecasts over the past month and are now looking for 26.9% annual earnings growth. CPRT is a Conservative buy below $97.

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.

 

NextEra Energy, Inc.

NextEra Energy, Inc. (NEE) is one of our High-Growth Investments that offers a blend of growth and income. As the largest utility company in the world, NextEra Energy focuses primarily on renewable energy projects, including wind, natural gas, nuclear, solar and batter energy storage.

Recently, NextEra Energy announced that one of its subsidiaries had started to build a 100-megawatt solar project in Arkansas. The Chicot Solar Energy Center is expected to provide enough clean electricity to power 18,000 houses. This recent project is just one example of the company’s efforts to add 3,800 to 7,300 megawatts of solar power to its current portfolio between 2019 and 2022.

In the third quarter, adjusted earnings increased 12% year-over-year to $2.39 per share, topping the consensus estimate for $2.29 per share. The company also expects full-year earnings to grow 8.1% year-over-year to $8.32 per share. And thanks to its consistent earnings growth, NextEra Energy has paid a dividend for 139-consecutive quarters. The stock has a 2.1% dividend yield. NEE is a Conservative buy below $261.

SOM Technicals:

6-28-19: Closed at 204.86. Trade pressures are down into the neutral zone. Volumes are bearish. The support level is 201, the uptrend stop line.

7-8-19: Closed at 208.11. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 211. 41.

7-13-19: Closed at 209.42. Trade pressures are up. Volumes are bullish. Consolidating above the 203.88 target.

7-19-19: Closed at 209.73. Trade pressures are up. Volumes are bullish. The next target up is 215.71.

7-28-19: Closed at 209.17. Trade pressures are down into the neutral zone. Volumes are bearish. Support is at 203.72.

8-3-19: Closed at 211.41. Trade pressures are in the neutral zone. Volumes are bullish. Still in the move up and at the 25×5 MA as support.

8-10-19: Closed at 216.40. Trade pressures are neutral. Volumes are bullish. At the 215.71 upside target , expect some consolidation here.

8-17-19: Closed at 217.53. Trade pressures rising in the neutral zone. Volumes are bullish. The next target up is 228.04.

8-25-19: Closed at 221.90. Trade pressures are up. Volumes are bearish. Next target up is 228.04.

8-31-19: Closed at 219.08. Trade pressures are up but turning down. Volumes are bearish. Support at 216. 25.

9-7-19: Closed at 220.14. Trade pressures are down into the neutral zone. Volumes are neutral. support is at the 215.71 prior upside target .

9-14-19: closed at 216.19. Trade pressures are down. Volumes are bearish. At the 25x5MA support line now at 219.84.

9-20-19: Closed at 225.72. Trade pressures are up. Volumes are bullish. New cup and handle with the next target up at 228.04.

9-28-19: Closed at 231.26. Trade pressures are up. Volumes are bullish. 233.27 is the next target up.

10-4-19: Closed at 233.59. Trade pressures are up. Volumes are bullish. At the 233.27 target, expect consolidation.

10-18-19: Closed at 232.48. Trade pressures are up into the neutral ,zone. Volumes are bullish. 233.27 is the next target up, very near.

10-25-19: Closed at 236.88. Trade pressures are up. Volumes are neutral. just above the 233.37 target and in consolidation.

11-2-19: Closed at 235.71. Trade pressures are down into the neutral zone. In consolidation at the 233.27 upside target.

11-919: Closed at 222.08. Trade pressures are down. volumes are bearish. The next target down is 219.74.

11-16-19: Closed at 231.42. Trade pressures are rising in the neutral zone. Volumes are bullish. rising into the 25×5 MA. Expect resistance here.

11-22-19: Closed at 233.38. Trade pressures are up. Volumes are bullish. Consolidating around the 228 target level.

11-30-19: Closed at 233.82. Trade pressures are up but declining. Volumes are neutral. Consolidating at the 228.04 target level.

12-7-19: Closed at 234.39. Trade pressures are up. Volumes are bullish. No direction just to the right.

12-12-19: Closed at 236.95. Trade pressures are up but declining. Volumes are bullish. The next long entry is 238.39.

12-21-19: Closed at 242.71. Trade pressures are up. Volumes are bullish. In the new move up. The next target up is 267.08.

1-4-20: Closed at 240.32. Trade pressures are down. Volumes are bearish. In a retracement move down to the 233 target.

1-18-20: Closed at 253.34. Trade pressures are up and extended. Volumes are bullish. The next target up is 267.08.

1-25-20: Closed at 263.70. Trade pressures are up and trending. Volumes are bullish. The next target up is 267.08.

 

S&P Global, Inc.

S&P Global, Inc. (SPGI) provides intelligence, including data and analytics, to help businesses around the world make more informed decisions. The company operates several divisions: S&P Market Intelligence, S&P Global Ratings, S&P Dow Jones Indices and S&P Global Platts.

In the third quarter, S&P Global noted that revenue increased in all four of its businesses, which brought its total revenue to $1.69 billion, or 9% annual revenue growth. The company also reported adjusted earnings of $606 million, or $2.46 per share. Analysts were expecting earnings of $2.34 per share, so SPGI posted a 5.1% earnings surprise.

S&P Global also has a long history of rewarding its shareholders: It’s paid a dividend for 159-straight quarters, or nearly 40 years. Most recently, the company paid a quarterly dividend of $0.57 per share on December 11. All shareholders of record on November 26 should have received the dividend. The stock has a 0.8% dividend yield. SPGI is a Conservative buy below $291.

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.

 

Sun Communities

Sun Communities (SUI) is our real estate investment trust (REIT) that’s focused on manufactured homes and RV communities in North America. The REIT owns and/or operates 389 communities in the U.S. and Canada, and its portfolio includes more than 134,000 developed sites. And Sun Communities has received the “Community Operator of the Year” award twice from the Manufactured Housing Institute.

For the fourth quarter, Sun Communities is expected to report earnings of $0.25 per share and revenue of $242 million. That represents 30.8% annual revenue growth and 127.3% annual earnings growth.

As a REIT, Sun Communities is also required to distribute at least 90% of its taxable income to shareholders in the form of dividends. As a result, SUI has paid a dividend for 104-consecutive quarters. The REIT will pay a quarterly dividend of $0.75 per share on January 15, 2020. All shareholders of record on December 31 will receive the dividend. The stock has a 2.0% dividend yield. SUI is a Conservative buy below $160.

SOM Technicals:

7-28-19: Closed at 133.16. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.85.

8-3-19: Closed at 134.98. Trade pressures are in the neutral zone. Volumes are bullish. Orderly price movement above the upper median line.

8-10-19: closed at 141.23. Trade pressures are rising in the neutral zone. volumes are bullish. Near the 141.88 upside target.

8-17-19: closed at 146.03. Trade pressures are up. Volumes are bullish. The next target up is 149.12.

8-25-19: Closed at 147.82. Trade pressures are up. Volumes are bullish. Touched the 150 high and pulled back with this market.

8-31-19: Closed at 147.30. Trade pressures are up. Volumes are bullish. New highs in a choppy market.

9-7-19: Closed at 149.51. Trade pressures are up. Volumes are neutral. Support is now 144.55.

9-14-19: Closed at 145.66. Trade pressures are down into the neutral zone. Volumes are bearish. Off the lows for the week and above the 25×5 MA.

9-20-19: Closed at 149.83. Trade pressures are up. Volumes are bullish. Continues to rally but resistance comes in at 152.

9-28-19: Closed at 148.28. Trade pressures are up but declining. Volumes are bearish. At the 25×5 support level.

10-4-19: Closed at 152.25. Trade pressures are down into the neutral zone. Volumes are bullish. The break thru the resistance starts a new uptrend.

10-18-19: Closed at 155.79. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

10-25-19: Closed at 157.43. Trade pressures are up. Volumes are neutral. Thru the new long entry at 149.57 and the next target up is 170.14.

11-2-19: Closed at 162.71. Trade pressures are up. Volumes are bullish. The next target up is 170.14.

11-19-19: Closed at 153.80. Trade pressures are down. Volumes are bearish. Consolidating at the 25×5 MA.

11-16-19: Closed at 159.43. Trade pressures are up. Volumes are bullish. The 25×5 held support. The next target up is 170.14.

11-22-19: Closed at 158.68. Trade pressures are down into the neutral one. Volumes are bearish. Still in the uptrend. The next target up is 170.14.

11-30-19: Closed at 164.71. Trade pressures are rising in the neutral zone. Volumes are bullish.The next target up is 170.14.

12-7-19: Closed at 159.00. Trade pressures are down hard. Volumes are bearish. Still above the 25×5 MA support line.

12-12-19: Closed at 153.14. Trade pressures are down. Volumes are bearish. Dropped down thru the 25×5 MA. At the 152 downside target. Look for the trade pressure reversal.

12-21-19: Closed at 149.55. Trade pressures are down and trending. Volumes are neutral. 138.49 is the 200 day MA support.

1-4-20: Closed at 149.52. Trade pressures are down but rising. Volumes are neutral. Still under the 25×5 MA with the 200 day MA at 139.76.

1-18-20: Closed at 154.95. Trade pressures are up. Volumes are bullish but on lower volumes.

1-25-20: Closed at 158.01. Trade pressures are up. Volumes are neutral. The next target up is 164.69

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallied to Summer highs. Gold and Silver down on the trade settlement.

Crude Oil continues the rally, but near resistances. Natural gas in a new move up.

US 30 year Treasury Bonds are short but close to a reversal.

The US Dollar futures are in a move down.

______________________

S&P 500 Futures_

Monthly – Six months since the last down month. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3408. A close below 2967 would confirm any weekly move lower.

Weekly – In the move up from the Sept long entry at 2943. Trade pressures are up but rolling over. Volumes are bullish. The next target up is 3213. A close below 3060 would confirm any daily move lower.

Daily – Long. The trade talks have created new highs. Trade pressures are up. Volumes are bullish.

In the move up from the 3141 long entry. The next target up is 3256.

A close below 3128 would signal lower.

Stops are now at the 3169 level which is the short entry on the hourly charts.

A profit stop is at 3180. The first one executed cancels the other.

[12-15-19: Sunday session takes out the contract at the profit stop  – 3180.]

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been steady this week holding at approximately $114,000, or up about 14 percent for the year-to-date, but is still trailing the major averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper breaks out with the jobs report and the equity market. Gold and Silver decline. Gold remains long. Silver is stopped out.

Crude oil has had a run up to the first target and is over bot. Natural gas is now over sold.

The US 30 year Treasury future is in a new move down.

The US Dollar futures are testing the entry for a new move up.

_______________________

S&P 500 Futures_

Monthly – A new high but a lower close. Trade pressures are up. Volumes closed the month of November as bullish. A close below 2937 would confirm any weekly move lower.

Weekly – Still in the move up from the 2943 long entry. Trade pressures are up but extended. Volumes are bullish. The next target up is 3213. A close below 3030 would confirm any daily move lower.

Daily – Long. The close above the 3141 long entry price signals higher. Trade pressures are up. Volumes are bullish. The next target up is the prior high if 3155 and then 3256.

The weekly is extended so the move seems to be limited; so, tight stops.  Look for the weekly to roll over. A close below 3095 would reverse the trade to short.

[12-12-19: Trade deal? Raise stops to the 3141 breakeven.] [12-12-19 PM: Roll DEC to MAR sell Dec at 3167, Buy MAR @ 3169]

[12-13-19: Raise stops to the entry price @ 1369. All the news is out. sell at the 3180 resistance.]

_______________________

Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been up this week rising to approximately $114,000, or up about 14 percent for the year-to-date, but is still trailing the major averages.

 

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