#emini #spfutures #SP500 #ES

Market Pressures_

Copper tested support and is moving higher to retest the highs. Gold is at multiple resistances. Silver keeps moving to the right.

Crude oil has also tested the support and is looking higher. Nat Gas is in a new move down.

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

____________________

S&P500 Futures_

Monthly – In the May 2020 move up from 2823. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – In the move 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 – Flat. The prior short was stopped out with a loss. Trade pressures are up. Volumes are bullish. The next target up is 4293. A close below 4186 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 this week and ended the week higher at approximately $123,000, up 23% 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.

BioNTech (BNTX), Restoration Hardware (RH) and Taiwan Semiconductor (TSM) will replace NIO Inc. (NIO), United Microelectronics (UMC) and Boston Beer (SAM) at the open on Tuesday Morning.

[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/

Navellier says,

High-Growth Investments

BioNTech SE

BioNTech SE (BNTX) was a new addition to the High-Growth Investments Buy List in the May Growth Investor Monthly Issue. BioNTech is a biotechnology company that’s primarily focused on developing treatments for cancer. Since its founding in 2008, the company has developed more than 20 products and treated more than 440 patients with 17 different tumors.

Aside from its pipeline of cancer immunotherapies, BioNTech has also collaborated with Pfizer to develop vaccines using its mRNA platform for influenza and COVID-19. It recently announced that it will supply an additional 600 million doses of its COVID-19 vaccine to the European Union (EU). BioNTech has already shipped more than 450 million doses of its vaccine around the world, and it has agreements for more than 1.8 billion doses for 2021.

As a result, BioNTech recently posted blowout results for its first quarter in fiscal year 2021. Total sales surged to 2.05 billion euros, up from 27.7 million euros in the first quarter of 2020. First-quarter earnings per share came in at $5.35, which crushed analysts’ expectations for $3.76 per share by 42.3%.

Thanks to the stunning quarterly results, the analyst community has upped second-quarter earnings estimates by a whopping 204% in the past two months. Second-quarter earnings are now forecast to soar 2,122.2% year-over-year to $9.10 per share. BNTX is a Moderately Aggressive buy below $266.

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.

 

Futu Holdings Ltd.

Futu Holdings Ltd. (FUTU), or the “Robinhood of China,” operates a brokerage and wealth management platform in Hong Kong and China, as well as in the U.S. The company has benefited immensely from a surge in retail investors over the past year. According to China Securities Depository and Clearing, there were 18.02 million new investors in China in 2020. That brought the total of Chinese investors to 177.77 million. And based on FUTU’s recent results, a lot of these new investors were trading stocks on online brokerage platforms.

FUTU added 273,000 paying users during its first quarter in fiscal year 2021, which brought its total paying client base to 790,000. That represents a 231% year-over-year increase. FUTU also noted that it now has about 1.96 million registered clients and a total of 14.2 million users.

First-quarter revenue soared 349.4% year-over-year to HK$2.2 billion, and adjusted earnings per share surged 634% year-over-year to HK$1.18 billion. In U.S. dollar terms, FUTU reported revenue of $283.6 million and earnings of $151.7 million. Earnings per ADS jumped 557% to $1.03. FUTU is an Aggressive buy below $193.

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.

 

Nio, Inc.

Nio, Inc. (NIO) is a Chinese company that develops electric vehicles (EVs) with the latest technologies in connectivity, autonomous driving and artificial intelligence. I’m convinced that NIO will eventually displace Tesla as the biggest manufacturer of EVs in China. Remember, the Chinese government has invested billions in NIO, so its success is virtually guaranteed.

Based on the company’s recent results, NIO is already starting to grab a bigger piece of the EV pie in China. NIO shipped a total of 20,060 vehicles during the first quarter, or a 422.7% year-over-year increase. Total first-quarter vehicle sales surged 498.8% year-over-year to $1.13 billion.

NIO also reported an adjusted first-quarter earnings loss of $0.04 per share and total revenue of $1.22 billion. The consensus estimate called for a first-quarter earnings per share loss of $0.16 and total revenue of $1.02 billion.

Looking forward to the second quarter, NIO expects to deliver between 21,000 and 22,000 vehicles, or a 103% to 113% year-over-year increase. Total second-quarter revenue is forecast to be between $1.24 billion and $1.30 billion, or 119% to 128.7% year-over-year revenue growth. NIO is an Aggressive buy below $52.

SOM Technicals:

05-01-21: Closed at 39.84. Trade pressures are down. Volumes are now bullish. Sitting on the 200 day MA at 36.30 as support.

05-08-21: Closed at 36.94. Trade pressures are down but rising. Volumes are bearish. Now at  the 20 day MA support levels.

05-14-21: Closed at 33.42. Trade pressures are down but rising. Volumes are bearish. The next target down is 30.71.

05-22-21: Closed at 34.06. Trade pressures are up. Volumes are bullish. Consolidating at the 200 day MA.

05-28-21: Closed at 38.62. Trade pressures are up. Volumes are bullish. The next target up is 46.93.

06-05-21: Closed at 41.94. Trade pressures are up but turning down. Volumes are now neutral. Support is at 39.14.

06-10-21: Closed at 42.75. Trade pressures are up but declining. Volumes are now neutral. The next target down is 35.82.

06-20-21: Closed at 46.91. Trade pressures are up but declining. Volumes are bullish. The next target up is 63.15.

RH

RH (RH), or Restoration Hardware, was also added to the High-Growth Investments Buy List in the May Monthly Issue. If you recall, the company offers luxury home furnishings, including furniture, rugs, lighting and textiles. And its business has been booming amidst the global pandemic with more folks at home nesting or remodeling their living spaces.

RH is expected to release results for its first quarter in fiscal year 2021 in early June, and it’s shaping up to be another record quarter for the company.

The current consensus estimate calls for earnings of $4.06 per share on $755.12 million in revenue, which represents 219.7% year-over-year earnings growth and 57.1% year-over-year revenue growth. Earnings estimates have also been revised 32.7% higher in the past three months, so a fifth-straight quarterly earnings surprise is likely. RH is a Moderately Aggressive buy below $743.

SOM Technicals:

05-28-21: Closed at 641.06. Trade pressures are up. Volumes are bullish. The next target up is 673.65.

06-05-21: Closed at 613.22. Trade pressures are down. Volumes are bearish. The next target down is 551.26.

06-10-21: Closed at 707.14. Trade pressures are up. Volumes are neutral, but high. The next target up is the prior high of 733.05.

06-20-21: Closed at 653.42. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 620.71.

 

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing (TSM) is the largest contract semiconductor manufacturer in the world, as it holds approximately 56% of the foundry business for manufacturing chips. The company has big-name clients, like Apple and Qualcomm, and right now, it is profiting from the global chip shortage, which it anticipates will persist into 2022.

The relentless demand for semiconductors this year has driven stunning top- and bottom-line growth for TSM. During its first quarter in fiscal year 2021, TSM achieved earnings of NT$139.7 billion and revenue of NT$362.4 billion, which represented 19% year-over-year earnings growth and 17% year-over-year revenue growth.

In U.S. dollar terms, first-quarter earnings were $4.93 billion, and revenue was $12.92 billion. First-quarter earnings per ADR jumped 28% year-over-year to $0.96. The consensus estimate called for earnings of $0.95 per ADR and revenue of $12.86 billion, so TSM posted a 1.05% earnings surprise and a slight revenue surprise.

For the second quarter, TSM expects total revenue between $12.9 billion and $13.2 billion. That represents 24.3% to 27.2% year-over-year revenue growth—and the forecast is in line with analysts’ current estimates for $13.06 billion. TSM is a Conservative buy below $131.

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 down is 117.02.

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving down with the equity markets. Gold and silver both rallying on inflation concerns.

Crude oil testing the recovery highs. Natural gas runs into resistance at the 3.22 level.

US 30YR Treasuries are in a consolidation after a long move down.

The US Dollar futures are in a similar consolidation after a move down.

____________________

S&P 500 Futures_

Monthly – No new high. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm nay weekly move lower.

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

Daily – Short. In the move down from the 4143 short entry price. Trade pressures are now up. Volumes are neutral. The next target down is 4004. A close above 4185 would signal a resumption of the move up.

____________________

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 down this week and ended the week lower at approximately $115,000, up 15% 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.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper coming off the rally with the equity markets. Gold stalling at the 200 day. Silver above the 200 day and at the 62% target.

Crude oil beginning a horizontal channel; consolidating. Natural gas pressing upwards on the 200 day MA.

The US 30 year Treasuries are in a slow retracement move up.

The US Dollar futures are holding at the 89-90 support.

____________________

S&P 500 Futures_

Monthly – The March 2016 161% projection off the 2009 lows is now close to becoming a reality. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – Remains in the November 2020 move up from the 3550 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4638. A close below 3952 would confirm any daily move lower.

Daily – In the move up off the 3514 Sep long entry. Trade pressures are up. Volumes are now neutral. A retracement short entry was signaled at 4143, with a target of 4004. The 3-hour chart is in a retracement move up, off the three day daily move down. Watch for a retest of the prior highs. A failure would be significant.

_____________________

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

The portfolio stocks traded down this week and ended the week 8% lower at approximately $117,000, up 17% 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.

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

#emini #spfutures #SP500 #ES

Market Pressures_

 

Copper has continue the rally towards 5.00. Gold and  silver continued the move higher.

Crude oil is retesting the March highs. Natural gas Is at the 200 day MA and looking to break above.

The US Treasury Bond is near a completion of the retracement move up.

The US Dollar futures are retesting the February lows.

______________________________

S&P 500 futures_

Monthly – This year long run is looking a bit steep. Trade pressures are up. Volumes closed the March month as bullish, the 10th month. The next target up is 4366. A close below 3764 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up, volumes continue to be bullish albeit with lower volumes. The next target up is 4638. A close below 3946 would confirm any daily move lower.

Daily – Still in the move up from the September 3535 long entry. Trade pressures are up. Volumes are bullish. Price has broken above the upper channel boundary in a show of strength. The next target up is 4603. A close below 4142 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 down this week and ended the week 4% lower at approximately $125,000, up 25% 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 and now back to approximately $125,000.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper showing some neutral volumes. Gold and silver are in a small retracement down.

Crude oil remains in the uptrend. Natural gas is in a move up.

The US 30 year is approaching upside resistance.

The US Dollar futures are in a new move up.

____________________

S&P500 Futures_

Monthly – In this strong rally since the March 2020 crash. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3742 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3924 would confirm any daily move lower.

Daily – Remains in the move up after the April 1st break to the upside. Trade pressures are up but declining. Volumes remain bullish. The next target up is 4603. A close below 4116 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 this week on a reaction to the administration tax proposals and ended the week 4% higher 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 and now back to approximately $130,000.

Logitech (LOGI), Horizon (HZNP) and Novavax (NVAX) will be replaced with NIO Inc. (NIO), United Microelectronics (UMC) and Willams Sonoma (WSM) on Monday at the 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/

Navellier says,

High-Growth Investments

The Boston Beer Company, Inc.

The Boston Beer Company, Inc. (SAM) is stealing the hard seltzer show, as robust demand for its Truly Hard Seltzer and Twisted Tea brands helped the company post blowout earnings and sales results for its first quarter. In fact, the company noted that the hard seltzer brand grabbed another seven percentage points of market share, with Truly Hard Seltzer now accounting for 40% of the market.

For the first quarter, SAM achieved earnings of $65.6 million, or $5.26 per share, and revenue of $545.1 million. That represented 259.6% year-over-year earnings growth and 64.9% year-over-year revenue growth. The consensus estimate called for earnings of $2.61 per share on $477.28 million in revenue, so SAM beat earnings estimates by a whopping 101.5% and revenue forecasts by 14.2%.

SAM also provided solid forward-looking guidance: The company expects to achieve annual earnings growth between 41.7% and 67.4% in 2021. This outlook coupled with the first-quarter results inspired the analyst community to up second-quarter and full-year earnings estimates over the past week. SAM is a Moderately Aggressive buy below $1,412.

SOM Technicals:

3-27-21: Closed at 1159.99. Trade pressures are neutral. Volumes are  bullish. Testing resistance. The next target up is 1236.

04-03-21: Closed at 1184.68. Trade pressures are up but declining. Volumes are bearish. the next target down is 1145.

04-10-21: Closed at 1253.10. Trade pressures are up. Volumes are bullish. The next target up is 1273.15.

04-16-21: Closed at 1294.93. Trade pressures are up. Volumes are bullish. The next target up is 1368.45.

04-24-21: Closed at 1283.90. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target up is 1368.

05-01-21: Closed at 1216.49. Trade pressures are down but rising. Volumes are now neutral. the next target down is 1129.51.

05-08-21: Closed at 1115.15. Trade pressures are down but rising. Volumes are bearish. The next target down is 993.28.

05-14-21: Closed at 1108.42. Trade pressures are down but rising. Volumes are now neutral. The next target down is 993.26.

05-22-21: Closed at 1045.39. Trade pressures are down. Volumes are bearish. The next target down is 993.26.

 

FUTU Holdings Ltd.

FUTU Holdings Ltd. (FUTU) has benefited from the influx of new retail investors over the past year. You may recall that when we added FUTU to the Growth Investor Buy List in March, I noted that the number of retail investors doubled from the start of 2020 until the end of the year. Many of these investors have utilized commission-free platforms like Robinhood here in the U.S.

FUTU is the “Robinhood of China,” as it offers a brokerage and wealth management platform in Hong Kong and China, as well as the U.S. Primarily, FUTU’s main platform, Futubull, allows investors to trade stocks in several markets, as well as access real-time stock prices, financial news and other market data. The company had 516,721 paying clients and 1.42 million registered clients at the end of 2020.

FUTU has been posting blowout quarterly results. Back in March, the company revealed a 281.6% year-over-year increase in fourth-quarter revenue and an 880% year-over-year increase in earnings per ADS. FUTU also achieved 712.5% annual earnings growth and 213.3% annual revenue growth in 2020. FUTU is an Aggressive buy below $199.

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.

 

Nio, Inc.

Nio, Inc. (NIO) is a “next-generation car company,” as it is designs and manufactures electric vehicles (EVs) that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). The company currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6), and recently introduced an attractive electric sedan (ET7).

On Thursday afternoon, the Chinese EV manufacturer revealed that it shipped 4,516 of its ES8s, 8,088 of its ES6s and 7,456 of its EC6s during the first quarter of fiscal year 2021. That represented a total of 20,060 vehicles, or a 422.7% year-over-year increase.

Total first-quarter vehicle sales surged 489.8% year-over-year to RMB7,405.8 million, or $1.13 billion in U.S. dollar terms. Total first-quarter revenue also jumped 481.8% year-over-year to RMB7,982.3 million. In U.S. dollar terms, NIO achieved total revenue of $1.22 billion, which beat estimates for $1.02 billion.

NIO also reported an adjusted first-quarter earnings loss of $0.04 per share, which was up from an earnings per share loss of $0.25 in the same quarter a year ago. Analysts were expecting an earnings per share loss of $0.16, so NIO posted a 300% earnings surprise.

Looking forward to the second quarter, NIO expects to deliver between 21,000 and 22,000 vehicles, or a 103% to 113% year-over-year increase. Total revenue is forecast to be between $1.24 billion and $1.30 billion, or 119% to 128.7% year-over-year revenue growth. NIO is an Aggressive buy below $53.

SOM Technicals:

05-01-21: Closed at 39.84. Trade pressures are down. Volumes are now bullish. Sitting on the 200 day MA at 36.30 as support.

05-08-21: Closed at 36.94. Trade pressures are down but rising. Volumes are bearish. Now at  the 20 day MA support levels.

05-14-21: Closed at 33.42. Trade pressures are down but rising. Volumes are bearish. The next target down is 30.71.

05-22-21: Closed at 34.06. Trade pressures are up. Volumes are bullish. Consolidating at the 200 day MA.

 

United Microelectronics Corporation

United Microelectronics Corporation (UMC) is a well-known semiconductor company, as it develops and manufactures integrated circuits (ICs), with a specific focus on logic and specialty technologies. The company’s wafers are utilized by every corner of the electronics industry. It has 12 fabrication facilities throughout Asia and manufactures more than 750,000 eight-inch wafers monthly.

Just this week, UMC revealed that it plans to expand production capacity to help overcome the current semiconductor shortage. Continuing demand for wafers and chips associated with smartphones, digital TVs and set top boxes is expected to still outpace supplies in the second quarter and possibly throughout the rest of 2021. As a result, UMC plans to invest $3.6 billion to expand its production capacity over the next three years.

How strong has demand been for UMC? Well, company management noted that UMC experienced “robust wafer demand” during the first quarter, with shipments reaching 2.37 million—and that certainly added to its top and bottom lines.

UMC achieved first-quarter earnings of $0.15 per share and revenue of $1.65 billion. The analyst community was expecting earnings of $0.06 per share on $1.57 billion in revenue, so UMC posted a whopping 150% earnings surprise and a 5.1% revenue surprise. UMC is a Moderately Aggressive buy below $11.

SOM Technicals:

05-01-21: Closed at 9.92. Trade pressures are down. Volumes are bearish. The next support level is 9.50.

05-08-21: Closed at 9.65. Trade pressures are up. Volumes are now neutral. The next target up is 10.75, the upper median line.

05-14-21: Closed at 8.57. Trade pressures are down. Volumes are bearish. the next target down is 7.99.

05-22-21: Closed at 8.43. Trade pressures are in the neutral zone. Volumes are neutral. The next target up is 8.71.

 

Williams-Sonoma, Inc.

Williams-Sonoma, Inc. (WSM) was added to the High-Growth Investments Buy List in the April Growth Investor Monthly Issue. The company is one of the most well-known and largest retailers of home furnishings and cookware in the U.S., as well as in Australia, Canada, Puerto Rico and the U.K. In fact, it operates several popular brands, including Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation and Mark and Graham.

Like our new additions of RH and Tempur Sealy International, Williams-Sonoma is benefiting from the housing boom and folks nesting at home. As a result, the analyst community has increased earnings estimates over the past three months and now expects Williams-Sonoma’s first-quarter earnings to more than double.

Williams-Sonoma isn’t expected to announce first-quarter results until late May. Currently, analysts are expecting first-quarter earnings of $1.75 per share on $1.51 billion in revenue. That’s up from earnings of $0.74 per share and revenue of $1.08 billion in the first quarter of 2020. Earnings estimates have been increased by 46%, so a fifth-straight quarterly earnings surprise may be in the offing. WSM is a Moderately Aggressive buy below $201.

SOM Technicals:

05-01-21: Closed at 170.75. Trade pressures are down. Volumes are bearish. The next target down is 155.93.

05-08-21: Closed at 186.70.Trade pressures are up. Volumes are bullish. Next target up is the prior high at 188.23.

05-14-21: Closed at 171.77. Trade pressures are down but rising. Volumes are  bearish. The next target down is 162.39.

05-22-21: Closed at 163.00. Trade pressures are down. Volumes are bearish. At the 162.39 downside target.

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is leading the equity market now, Gold and silver have pulled back but look to move higher.

Crude Oil is in a new short trade but not supported in the higher time frames. Natural gas is in a new uptrend. but no obvious long entry.

The US 30 Year Treasury is rallying, but weekly pressures are still down..

The US Dollar futures look lower.

______________________

S&P 500 Futures_

Monthly – Another intraday high. Trade pressures are are up. Volumes closed the month of May as bullish. The next target up is 4388. A close below 3718 would confirm any weekly mover lower.

Weekly – Still in the move up from the October 3550 long entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3900 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 4200. A close below 4097 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 down this week on a reaction to the administration tax proposals and ended the week 5% lower at approximately $125,000, up 25% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has turned up again with the equity markets. Gold and silver are both in rally  mode.

Crude oil has moved up into the 60’s. Natural gas is looking higher also.

The US 30 year Treasuries are testing upside resistance.

The US Dollar futures are lower.

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S&P 500 Futures_

Monthly – Another new high for the week. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4386. A close below 3715 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3897 would confirm any daily move lower.

Daily – In the march move up from the 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. A close below 4099 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 this week on a surge of NVAX and ended the week 10% higher at approximately $130,000, up 30% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has dropped out of the up channel. Gold has met resistance. Silver is in a new long trade.

Crude oil is looking lower. Natural gas is trying to move up inside the persistent move down.

The us treasuries are near resistance. look foe lower.

The US Dollar futures are moving down toward the lower median line at 91.50.

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S&P 500 Futures_

Monthly – New highs again. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4366. A close below 3653 would confirm any weekly move lower.

Weekly – In the move up from the October 3550 long entry. Moved up and thru the 4094 target. Trade pressures are up. Volumes are now neutral. The next target up is 4368. A close below 3835 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. Any close below 4037 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 down this week and ended the week slightly higher at approximately $120,000, up 20% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

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