#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a small pullback. Gold is in a new long trade. Silver led gold and is now extended.

Crude oil continues to rally to the $30 level. Natural gas is looking sold out.

The US 30 year Treasury Bond is stuck in a channel. looking for a sign.

The US Dollar futures are similarly waiting in a channel. Is it inflation driven by the huge increase of new government monies that will be the trigger for the next move?

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S&P 500 Futures_

Monthly – In the move down from the 3176 short confirmation level. Trade pressures are up. Volumes closed the month of April as neutral. The next target down is 2461. The April close above 2858 had confirmed the weekly move up.

Weekly – In the move up from the 2440 long confirmation level. Trade pressures are up but have had a bearish reversal. Volumes are bullish. A close below the 2678 level would confirm any daily move lower.

Daily – Flat. Five test of the 200 day MA. Trade pressures are down but have reversed and are rising. Volumes are neutral.

In the move up from the 2420 level. In consolidation around the 2840 target.The next target up is the 2955 high pivot, then 3262.

Hard to see how we get to 3200’s. The market does feel a little heavy so, maybe a pullback first. A close below 2679 would signal lower. Until that, these dips seem to be bought. Doug Kass says the hardest trade is up, right now.

Time pressures are down until the last week of May.

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

The Top 5 portfolio held this week and remained valued at approximately $94,000, now down only 6% YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the new move up and quickly at the targets. Gold has tried to rally but looks lower. Silver is overbought.

Crude has rallied to the mid 20’s and is also overbought. Natural gas has sold down to support, look for a rally.

The US 30 year Treasury Bonds are looking lower.

The US Dollar Futures are in the channel with another leg down, but already oversold.

_______________________

S&P Futures_

Monthly – Still in the monthly move down. Trade pressures are up. Volumes closed the  month of April as neutral. The next target down is 2461. The close above 2858 confirms the weekly move up. The next target up is 3176.

Weekly – In this volatile move up from 2440. Trade pressures are up and extended. Volumes are bullish. The next target up is 3240. A close below 2678 would confirm any daily move lower.

Daily – Flat. In the move up from the 2428 long entry in late March. Trade pressures are up. Volumes are bullish but on very low volumes. The next target up is the confluence of the 200 day MA at 2936 and the recent high pivot at 2965. Beyond these targets is the upper bound of the channel at 3252.

Time pressures now begin to decline into the end of May.

_______________________

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

The Top 5 portfolio rose 7% this week to approximately $94,000, now down only 6% YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

The US Dollar futures remain in the wide channel.

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S&P 500 Futures_

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

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

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

_______________________

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

The portfolio fell back another 1% this week to approximately $87,000, now down 13% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

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

_______________________

S%P 500 Futures_

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

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

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

Watch the 2799 level on the 60 minute charts.

_______________________

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

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

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

 

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

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

Brown & Brown, Inc.

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

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

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

SOM Technicals:

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

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

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

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

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

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

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

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

 

DexCom, Inc.

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

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

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

SOM Technicals:

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

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

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

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

 

Microsoft Corporation

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

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

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

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

SOM Technicals:

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

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

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

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

 

ResMed, Inc.

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

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

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

SOM Technicals:

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

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

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

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

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

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

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

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

 

Vipshop Holdings Ltd.

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

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

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

SOM Technicals:

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

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

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

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

 

#emini #spfutures #SP500 #ES

Market Pressures_

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

Crude Oil is in the move down.

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

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

________________________

S&P 500 Futures_

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

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

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

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

_______________________

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

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

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

The US Dollar futures are in a move down.

_______________________

S&P 500 Futures_

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

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

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

_______________________

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

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

 

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

 

 

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

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

_____________________

S&P 500 Futures_

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

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

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

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

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

_______________________

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

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

 

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

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

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

_______________________

S&P 500 Futures_

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

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

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

The next target up is 2713.

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

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

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

_______________________

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

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

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

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

#emini #spfutures #SP500 #ES

Market Pressures_

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

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

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

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

______________________

S&P 500 Futures_

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

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

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

_______________________

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

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

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