#emini #spfutures #SP500 #ES

Market Pressures:

Copper pressing higher. Gold and silver in new longs.

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

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

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

_____________________

S&P 500 Futures_

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

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

Daily – In the “buy the dips” staircase higher. Trade pressures are up. Volumes remain bullish. The next target up is 4594. A close below 4372 would signal lower.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up and ended the week at approximately $148,000, up 48% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now near 50% once again.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is a short. Gold sells off hard to support levels. Silver follows gold.

Crude oil is back testing the July breakout. Natural Gas still looks higher.

The US 30 year Treasury has sold off hard as the jobs report signals improvement in the economy.

The US Dollar futures are sharply higher at the weekend on the same jobs report.

____________________

S&P 500 Futures_

Monthly – In the move up from 3810 in April 2020. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 3965 would confirm any weekly move lower.

Weekly – In the move up from the 3924 entry in November 2020. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4167 would confirm any daily move lower.

Daily – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 4548. A close below 4343 would signal lower.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up ended the week at approximately $146,000, up 46% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now near 50% once again.

As of the open on Monday, august 2nd, Charles River (CRL), EPAM Systems (EPAM), and Tempur Sealy (TPX) have replaced BioNTech (BNTX), Futu Holdings (FUTU), and Taiwan Semiconductor (TSM).

[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 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

Charles River Labs International

Charles River Labs International (CRL) is a global research company that offers basic research, drug discovery, non-clinical development, safety and efficacy testing, clinical support and manufacturing. It has more than 100 facilities in more than 20 countries around the globe, and it collaborates with leading academic, agrochemical, biotech, pharmaceutical and government organizations.

During fiscal year 2020, Charles River Labs experienced robust demand across its businesses, as the company provided services, products, models and screening tools to help biopharmaceuticals and biotechs in their COVID-19 efforts. The strong demand has carried over to 2021, with Charles River Labs achieving 37.5% year-over-year earnings growth and 16.6% year-over-year revenue growth in the first quarter. Analysts are expecting equally impressive results for the second quarter.

Charles River Labs is scheduled to report second-quarter results before the stock market opens on Wednesday, August 4. Analysts are looking for earnings of $2.38 per share on $880.65 million in revenue, which represents 50.6% year-over-year earnings growth and 37.3% year-over-year revenue growth. Analysts have also increased earnings estimates over the past three months, so a fifth-straight quarterly earnings surprise is likely. CRL is a Conservative buy below $437.

SOM Technicals:

08-07-21: Closed at 408.41. Trade pressures are down into the neutral zone. The next target down is 399.

08-14-21: Closed at 411.22. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 423.78.

08-21-21: Closed at 424.75. Trade pressures are up. Volumes are bullish. The next target up is a break out above 427.

 

EPAM Systems, Inc.

EPAM Systems, Inc. (EPAM) is a software engineering services company that operates in more than 35 countries. Specifically, EPAM Systems helps businesses adapt, grow more agile and faster, and stay competitive amidst a constantly evolving digital world. So, it’s not too surprising that it has strategic partnerships with big-name corporations like Adobe, AWS, Google, Microsoft, Salesforce and SAP.

Given that the global pandemic accelerated digital transformation, EPAM Systems experienced a surge in new customers over the past 18 months—and that was apparent in the company’s first quarter of fiscal year 2021. EPAM achieved 26.6% year-over-year earnings growth and 19.9% year-over-year revenue growth.

Next Thursday, EPAM Systems is set to reveal another quarter of robust top- and bottom-line growth. Second-quarter earnings are forecast to rise 32.2% year-over-year to $1.93 per share, and revenue is expected to increase 36.1% year-over-year to $860.36 million. That compares to earnings of $1.46 per share and revenue of $632.38 million in the second quarter of 2020. Earnings estimates have also been upped by 11.6% in the past three months. EPAM is a Conservative buy below $599.

SOM Technicals:

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

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

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

 

Generac Holdings, Inc.

Generac Holdings, Inc. (GNRC) was the first company to develop an affordable generator for at-home use, and it has offered standby generators for residential use for more than 60 years. Today, the company is the leading manufacturer of home backup generators, and it also provides its own clean energy power storage system, PWRcell.

Strong residential demand for generators, as well as its other clean energy products, has driven incredible earnings and sales growth for the company this year. In fact, on Wednesday morning, Generac crushed analysts’ forecasts for the second quarter.

For the second quarter, Generac achieved total sales of $920 million, or 68% year-over-year growth and a new record for the company. The analyst community was expecting total sales of $863.41 million. Generac also reported adjusted second-quarter earnings of $153 million, or $2.39 per share, up from $88 million, or $1.40 per share in the second quarter of 2020. These results also represented a new record for Generac. Analysts were looking for adjusted earnings of $2.31 per share, so Generac posted a 3.5% earnings surprise.

Looking forward, Generac expects production of its residential standby generators to ramp up and to experience increased demand for its PWRcell energy storage systems. As a result, the company increased its outlook for fiscal year 2021. Full-year sales are now expected to grow between 47% and 50%, up from previous estimates for 40% to 45% annual sales growth. GNRC is a Conservative buy below $469.

SOM Technicals:

06-29-21: Closed at 110.42. Trade pressures are up but declining. Volumes ae bullish. The next target up is 428.78.

07-03-21: Closed at 415.20. Trade pressures are up. Volumes are bullish. The next target up is 428.78.

07-10-21: Closed at 436.37. Trade pressures are up but pointing down. Volumes are bullish. The next target up is 462.36.

07-15-21: Closed at 432.86. Trade pressures are down into the neutral zone. The next target down is 418.65

08-07-21: Closed at 415.04. Trade pressures are up. Volumes are neutral. The next target up is 462.36.

08-14-21: Closed at 414.10. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 401.54.

08-21-21: Closed at 400.32. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target down is 367.27.

 

Johnson Controls International

Johnson Controls International (JCI) delivers building products, services, software and technology, including HVAC equipment and controls, fire safety systems and energy storage systems. The company is dedicated to providing products and systems that offer sustainability, efficiency and cost savings. And, as a result, it has more than four million customers around the world.

This week, Johnson Controls achieved a significant milestone: It has now filed more than 200 U.S. utility patent applications for its OpenBlue Central Utility Plant offering. The company also received its 90^th patent related to the OpenBlue Central Utility Plant product.

Then, this morning, Johnson Controls posted in-line earnings results for its third quarter in fiscal year 2021, but still upped its outlook for full-year 2021. Third-quarter sales rose 19% year-over-year to $6.3 billion and adjusted earnings jumped 24% year-over-year to $0.83 per share. Analysts were expecting earnings of $0.83 per share on $6.24 billion in sales.

Thanks to the solid results, Johnson Controls upped its full-year revenue and earnings outlook. Full-year revenue is expected to grow in the mid-single digits year-over-year and adjusted earnings per share are forecast to be between $2.64 and $2.66, or 18% to 19% annual earnings growth. JCI is a Conservative buy below $76.

SOM Technicals:

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

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

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

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

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

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

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

 

Tempur Sealy International

Tempur Sealy International (TPX) is a popular provider of sleep solutions. Back in 2012, Tempur-Pedic International merged with Sealy to create a leading American manufacturer of mattresses and bedding solutions. Today, the company’s mattresses and bedding are sold around the world under a few well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster.

The housing boom here in the U.S. has added significantly to Tempur Sealy’s top and bottom lines, as evidenced by the company’s most-recent quarterly report. On Thursday morning, Tempur Sealy released results for its second quarter in fiscal year 2021—and they were spectacular.

During the second quarter, total sales soared 75.8% year-over-year to $1.17 billion, up from $665.2 million in the same quarter last year. Analysts were expecting total sales of $1.14 billion. Second-quarter adjusted earnings surged 295% year-over-year to $0.79 per share, compared to $0.20 per share in the second quarter of 2020. Analysts were looking for adjusted earnings of $0.56 per share, so TPX posted a 41.1% earnings surprise.

For fiscal year 2021, Tempur Sealy now expects adjusted earnings per share between $3.10 and $3.25, up from $1.94 per share in 2020. Given the company’s strong outlook going forward, Tempur Sealy also upped its quarterly dividend by nearly 30%. The company will pay a third-quarter dividend of $0.09 per share on August 26 to all shareholders of record on August 12. TPX is a Conservative buy below $46.

SOM Technicals:

08-07-21: Closed at 42.26. Trade pressures are up but rolling over. Volumes are bullish. The next target down is 40.59.

08-14-21: Closed at 43.79. Trade pressures are up but pointing down. Volumes are bullish. The next target up is the breakout of the prior high at 44.78.

08-21-21: Closed at 42.69. Trade pressures are down. Volumes are bearish. The next target down is 41.41.

#emini #spfutures #SP500 #ES

Market Pressures_

Coper is now a new long. Gold si near a new long entry trigger. Silver is still showing downward pressures.

Crude oil is in a retracement down. Natural gas is in a new short, but likely only a retracement also.

The US Treasury Bonds had a nice move up , but is now at the at the 200 day MA and is experiencing resistance.

The US Dollar futures are near a beginning of a new move down.

________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up.  Volumes closed the month of June as bullish. The next target up is 5027. A close below 3895 would confirm any weekly move lower.

Weekly – Still in the move from the November long entry at 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4098 would confirm any daily move lower.

Daily – In the move higher from the breakout at the 4335 long entry level. Trade pressures are up but turned down to near the neutral zone. Volumes are now bullish after a bearish prior day. The next target up is 4392. A close below 4274 would signal lower.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded lower but ended the week at approximately $132,000, up 32% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is looking lower. Gold is pressing on a new short entry. Sliver is also reaching a decision point in this next week.

Crude oIl is grinding higher. Natural gas sharp rise is looking for a correction.

The US Treasury bonds are in a new move up.

The US Dollar futures are approaching some resistance to this move up.

____________________

S&P 500 Futures _

Monthly – Reached the 4347 target projected from March of 2016. Trade pressures are up. Volumes closed the month of June as bullish and for 12  months in a row. The next target up is 5027 project off the March 2020 lows. A close below 3878 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 3524 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4599. A close below 4081 would confirm any Daily mover lower.

Daily – Flat. In the move up from the June 4152 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4594. A close below 4257 would signal a retracement of some of the is move, perhaps back to the 200 day MA at 3819.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded lower and ended the week at approximately $135,000, up 35% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s open.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a water fall down to the 3.96 target. Gold looks to test the March lows. Silver is sitting on the 200 Day MA: failure sends it lower.

Crude oil remains in the steady move up. Nat Gas is up from the April lows.

The US Treasury Bond is in a move up.

The US Dollar futures are at the 61% target, expect consolidation.

______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the Month of May as bullish. The next target up is 4347. A close below 3822 would confirm any weekly move lower.

Weekly – Remains in the November move up from the 3525 entry level. Trade pressures are up. Volumes are bullish after a bearish last week. The next target up is 4599. A close below 4025 would confirm any daily move lower.

Daily – Never got any reversal of the trade pressures. Price took out the high of the down bar in just two days. Trade pressures are up and trending once again. Volumes are bullish. The next target up is 4594. A close below 4201 should trigger some retracement and consolidation.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded mixed into the weekend and started the next week at approximately $138,000, up 38% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s 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 2021 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

High-Growth Investments

BioNTech

BioNTech (BNTX) shares have rallied impressively recently, rising 13% in the past month and 9% in the past week alone. The reality is that there’s been a lot of positive buzz surrounding the biotech company recently. You may recall that BioNTech developed a COVID-19 vaccine with Pfizer (PFE), and it has shipped more than 450 million doses of this vaccine around the world.

This week, New Zealand announced that it has granted provisional approval for the BioNTech-Pfizer vaccine for children aged 12 to 15 years of age. The vaccine was also approved by Switzerland for use in this age group at the beginning of the month. Clinical trials have shown that the vaccine has a 100% efficiency in this age group.

Given the success of its COVID-19 vaccine, BioNTech is looking to reward its shareholders further. The company revealed this week that it is considering a dividend as early as next year. BioNTech expects to determine the final dividend amount and distribution schedule at the company’s Annual General Meeting next year. In the meantime, BNTX is a Moderately Aggressive buy below $272.

SOM Technicals:

05-28-21: Closed at  204.00. Trade pressures are up. Volumes are bullish. The next target up is 213.15, the prior high.

06-05-21: Closed at 233.29. Trade pressures are up. Volumes are bullish. The next target up is 266.93.

06-10-21: Closed at 242.00. Trade pressures are up. Volumes are bullish. the next target up is 235.26

06-20-21: Closed at 211.96. Trade pressures are up into the neutral zone. Volumes are neutral. the next target up is 229.25.

06-29-21: Closed at 228.43. Trade pressures are down. Volumes are bullish. Support is 221.21.

07-03-21: Closed at 224.00. Trade pressures are down. Volumes are neutral. The support level at 221 is holding.

07-10-21: Closed at 217.40. Trade pressures are up. Volumes are neutral. The next target u is the resistance at 224.16.

07-15-21: Closed at 221.08. Trade pressures are up. Volumes are bullish. The next target up is 252.78, the prior high.

 

Futu Holdings Limited

Futu Holdings Limited (FUTU) continues to earn a spot on the Top 5 Stocks list for its fourth-straight month, as the online brokerage and wealth management firm attracts more and more attention. Case in point, institutional investors have been loading up on the stock, as evidenced by its A Quantitative grade and thanks to its strong fundamentals.

Online trading platforms like Futu’s Futubull have grown in popularity over the past year amidst the rise in retail investors. In fact, the company experienced a 70% surge in users during the first quarter, with 14.2 million users worldwide now. Paying clients also soared, jumping 231% year-over-year to nearly 790,000.

But the company is far from sitting on its laurels. Futu has international expansion plans, and it added about 100,000 paying clients in Singapore in only three months. The company also recently noted that approximately one-fourth of its new paying clients in the first quarter were from Singapore and the U.S. As Futu continues to expand around the world, it should add nicely to the company’s top and bottom lines. FUTU is an Aggressive buy below $230.

SOM Technicals:

03-27-21: Closed at 114.69. Trade pressures are down but rising. Volumes are bullish. The next target up is 131.56.

04-03-21: Closed at 153.60. Trade pressures are up. Volumes are bullish. The next target up is 186.42.

04-10-21: Closed at 156.70. Trade pressures are up. Volumes are neutral. The next target up is 186.42.

04-16-21: Closed at 153.01. Trade pressures are up into the neutral zone. Volumes are now neutral. Consolidating at the 153 target. 

04-24-21: Closed at 143.81. Trade pressures are up. Volumes are now neutral. The net target up is the 188.39 level. 

05-01-21: Closed at 148.78. Trade pressures are down into the neutral zone. Volumes are neutral. Support is at 129.10.

05-08-21: Closed at 130.00. Trade pressures are down. Volumes are bearish. At support. The 200 day MA is below at 76.79.

05-08-21: Closed at 118.89. Trade pressures are down but rising. Volumes are now neutral. The next target down is 73.77.

05-22-21: Closed at 123.99. Trade pressures are up but turning down. Volumes are bullish. The next target down is 73.77.

05.28-21: Closed at 142.27. Trade pressures are up. Volumes are bullish. The next target up is 158.46.

06-05-21: Closed at 154.70. Trade pressures are up. Volumes are bullish. The next target up is 188.10.

06-10-21: Closed at 142.99. Trade pressures are now down. Volumes are bearish. The next target down is 125.98.

06-20-21: Closed at 154.34. Trade pressures are up into  the neutral zone. Volumes are bullish. the next target up is 178.48.

06-29-21: Closed at 177.60. Trade pressures are up. Volumes are bullish. the next target up is 178.47.

07-03-21: Closed at 162.20. Trade pressures are down. Volumes are bearish. The next target down  is 142.41.

07-10-21: Closed at 139.70. Trade pressures are down but rising.  Volumes are bearish. The next target down is 133.21.

07-15-21: Closed at 134.80. Trade pressures are down but rising. Volu mes are now neutral. The next target down is 103.39.

 

Generac Holdings, Inc.

Generac Holdings, Inc. (GNRC) is the number-one manufacturer of home backup generators, which are marketed under the Guardian brand. In addition to its home backup generators, the company also offers portable generators, pressure washers, water pumps, transfer switches and other parts and accessories. And the company has developed its own clean energy power storage system, PWRcell, that stores energy from solar panels or the electric grid.

Earlier this year, Generac unveiled the location of its first manufacturing plant and distribution facility outside of Wisconsin. The company is building a plant in Edgefield County, South Carolina, and it is expected to be operational in July. Company management stated, “With significant demand for Generac products across the country, we’re excited to expand our operation capacity to accommodate the increased interest in residential power systems.”

GNRC shares have been charging higher, up 21% in June, as strong residential demand for generators and other clean energy products have attracted investors’ attention and added to the company’s top and bottom lines. For the second quarter, earnings are forecast to jump 64.3% year-over-year to $2.30 per share, and sales are expected to increase 57.9% year-over-year to $863.41 million. GNRC is a Conservative buy below $439.

SOM Technicals:

06-29-21: Closed at 110.42. Trade pressures are up but declining. Volumes ae bullish. The next target up is 428.78.

07-03-21: Closed at 415.20. Trade pressures are up. Volumes are bullish. The next target up is 428.78.

07-10-21: Closed at 436.37. Trade pressures are up but pointing down. Volumes are bullish. The next target up is 462.36.

07-15-21: Closed at 432.86. Trade pressures are down into the neutral zone. The next target down is 418.65

 

Johnson Controls International

Johnson Controls International (JCI) was a new addition to the High-Growth Investments Buy List in the June Monthly Issue. If you recall, the company provides the building products, services, software and technology necessary to make buildings “smarter” and function better for the people who live, work, learn and play in them. JCI has more than four million customers in more than 150 countries, as well as operates in nearly 2,000 locations worldwide.

During its second quarter in fiscal year 2021, Johnson Controls reported adjusted earnings of $0.52 per share and total sales of $5.6 billion, which represented 24% year-over-year earnings growth and 3% year-over-year sales growth. The company also topped earnings estimates by 6.1%.

Thanks to the strong quarterly results and positive outlook, analysts have increased third-quarter estimates over the past few months. For its third quarter in fiscal year 2021, earnings are forecast to grow 23.9% year-over-year to $0.83 per share, and sales are expected to come in at $6.23 billion. JCI is a Conservative buy below $72.

SOM Technicals:

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

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

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

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

 

Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited (TSM) was the topic of an interesting article in The Wall Street Journal recently. The article noted that the Taiwanese company is responsible for manufacturing nearly all of the world’s semiconductors, as billions of products utilize its chips. Capital Economics estimates that TSM makes approximately 92% of the most sophisticated chips in the world.

Companies like Apple and Qualcomm rely heavily on TSM to manufacture the semiconductors for their products. Consider this: TSM develops about 1.4 billion smartphone processors and approximately 60% of the microcontrollers necessary for automated vehicles.

So, it’s no wonder that the company continues to achieve double-digit earnings and sales growth. For the second quarter, the current consensus estimate calls for earnings of $0.91 per share on $13.05 billion in sales, or 16.7% year-over-year earnings growth and 25.6% year-over-year sales growth. Analysts’ earnings estimates have remained steady over the past few months, but TSM has a history of positive earnings surprises. TSM is a Conservative buy below $130.

SOM Technicals:

05-28-21: Closed at 117.36. Trade pressures are up. Volumes are bullish. the next target up is 132.75.

06-05-21: Closed at 119.51. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 132.75.

06-10-21: Closed at 118.24. Trade pressures are just up and out of the neutral zone. Volumes are bullish. The next target up is 132.75.

06-20-21: Closed at 115.79. Trade pressures are down. Volumes are bearish. The next target up is 117.02.

06-29-21: Closed at 119.96. Trade pressures are up. Volumes are bullish. The next target up is 123.20.

07-03-21: Closed at 118.91. Trade pressures are down. Volumes are neutral. The next target down is 115.77.

07-10-21: Closed at 120.56. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 120.97.

07-15-21: Closed at 117.53. Trade pressures are down. Volumes are bearish. The  next target down is 106.62.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper drops with the equity markets but fails to rally Monday. Gold rallies small at support. Silver still has selling pressures.

Crude oil moves higher. Natural gas is backtesting the prior week’s breakout.

The US 30 year Treasury bonds sells off with the dollar.

The US Dollar futures give back some of the three day rally.

___________________

S&P 500 Futures_

Monthly – A spinning top so fa this month. Trade pressures are up. Volumes closed the month of May as bullish. The next target  up is 4366. A close below 3766 would confirm any weekly move lower.

Weekly – In the November move up from the 3524 long entry. Trade pressures are up. Volumes are now bearish. The next target up is 4599. A close below 3992 would confirm any Daily move lower.

Daily – A new move lower has been triggered with the close below 4163. Trade pressures are down. Volumes are now neutral. The next target down is 4068. A close above 4229 would signal higher. Monday’s rally is a back test of the break down. Look for a bearish reversal of the trade pressures to short.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded mixed into Monday and ended the week at approximately $131,000, up 31% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in the short trade with a breakeven stop. Gold and Silver are choppy.

Crude oil continues the move up. The natural gas short is going against the trade.

The US Treasury long was closed but the move continues.

The US Dollar futures are basing and may stage a retracement up.

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S&P 500 Futures_

Monthly – Remains near the highs. Trade pressures are up. Volumes closed the month of May as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 long entry. Trade pressures are up. Volumes are  bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – In the long recovery move up from the March 2020 lows. In the second leg up from the November re-entry at 3515. Trade pressures are up. Volumes remain bullish. The next target up is 4546. A close below 4171 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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up into the weekend and ended the week up at approximately $132,000, up 32% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper long was stopped out and moved short. Gold and silver are looking for direction.

Crude oil is in the move up. Natural gas is short but has not followed thru.

The US 30 Year Treasury is long and having a nice move up.

The US Dollar futures tried to move higher and reversed.

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S&P 500 Futures_

Monthly – Remains in this long move up from the Mar 2020 sell off. Trade pressures are up. Volumes closed the month of May as bullish. The next target up is 4366. A close below 37780 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 long entry level. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – In the July 2020 uptrend. Trade pressures are up but declining. Volumes remain bullish. The next target up is a break of resistance at 4248. a close below the prior low at 4169 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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up into the weekend and ended the week up at approximately $129,000, up 29% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

NIO Inc. (NIO) will replace Williams Sonoma (WSM) at the open on Monday Morning.

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