US - Market Direction 40 (May 17 - Feb 18)

Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Tue Jan 02, 2018 8:43 pm

NEW HIGHS OF NOTE LAST WEEK

CF Industries (CF)... fertilizer
BP (BP)... oil and gas
Chevron (CVX)... oil and gas
ConocoPhillips (COP)... oil and gas
Royal Dutch Shell (RDS-A)... oil and gas
Valero Energy (VLO)... oil and gas
Arch Coal (ARCH)... coal
Freeport-McMoRan (FCX)... diversified mining
Rio Tinto (RIO)... diversified mining

Southern Copper (SCCO)... copper
Alcoa (AA)... aluminum
Union Pacific (UNP)... railroads
C.H. Robinson Worldwide (CHRW)... shipping technology
Burlington Stores (BURL)... discount retailer
Five Below (FIVE)... discount retailer
Ollie's Bargain Outlet (OLLI)... discount retailer
Best Buy (BBY)... TVs, computers, appliances
Discover Financial Services (DFS)... credit cards
Darden Restaurants (DRI)... LongHorn Steakhouse, Olive Garden
Bob Evans Restaurants (BOBE)... family dining, packaged food
Dunkin' Brands (DNKN)... coffee and baked goods
Marriott (MAR)... hotels
KB Home (KBH)... homebuilder
Lennar (LEN)... homebuilder
Home Depot (HD)... one-stop shop for home repairs
Lowe's (LOW)... one-stop shop for home repairs
United Rentals (URI)... equipment rental
Fiat Chrysler Automobiles (FCAU)... cars and trucks

NEW LOWS OF NOTE LAST WEEK

Not many... It's a bull market, you know!

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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Fri Jan 05, 2018 5:54 pm

This 1 chart shows the U.S. stock market is the most expensive in the world

By Ryan Vlastelica


Source: Market Watch

https://www.marketwatch.com/story/this- ... yptr=yahoo
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 08, 2018 11:18 am

MONDAY

Again, the big question is whether the money keeps coming in. It poured into the large caps the past week. As noted in the discussion of the small caps, it is January and typically the smaller issues get the money.

IF money tapers its bid for the large caps after that first strong week, it makes sense it would seek the small and midcaps, the more traditional January buys. Thus, even if the large caps slow, the market can still rise gratis bids moving to the smaller caps. We will see.

Definitely a strong start to the year and the old adages say that bodes well for the year. Does not mean there are not fades, pullbacks, or even out and out corrections. It is all a matter of when and what stocks.

For now the retail are a bit weaker after strong runs, but oil, FAANG, manufacturing, tech are strong. Will chips continue gathering money their way? Will others step up and move up, e.g. China, drugs, internet? The market will need new sectors stepping up to keep the move rallying,
especially if SP500, DJ30 start to correct back after their extended moves up from the 50 day MA.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 08, 2018 11:25 am

CHARTS

The large cap indices launched almost straight up on the week as money flowed into the big names. Something of an inverse January effect as the small caps lagged.

NASDAQ: Went with NASDAQ to lead off though any of the big 3 large cap indices would suffice. NASDAQ jumped off the 20 day EMA test Tuesday and rallied on a solid expansion of volume back above average. Big names did the leading as NASDAQ 100 shows even a stronger gain as FAANG jumped back in on the upside.

SP500: Rocketing upside again after another 20 day EMA test. Volume was up but less than impressive with only Thursday showing above average trade. Extended off its 50 day EMA it left behind in early September, it should correct, but the new money coming in was not about to let it. For now, playing the move, watching for trouble such as good moves reversing sharply.
Not thus far.

DJ30: Nice surge, quite strong Friday after lagging NASDAQ on the week. As extended as SP500 above its 50 and 200 day MA's, but its mix of large cap industrial and tech is enjoying the new money.

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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 08, 2018 8:36 pm

NEW HIGHS OF NOTE LAST WEEK

Berkshire Hathaway (BRK-B)... Warren Buffett's holding company
Bank of America (BAC)... America's "financial backbone"
JPMorgan Chase (JPM)... America's "financial backbone"
American Express (AXP)... credit cards
Mastercard (MA)... credit cards
Ally Financial (ALLY)... online bank
E-Trade Financial (ETFC)... online brokerage
Alphabet (GOOGL)... "FANG" stock
Facebook (FB)... "FANG" stock
Amazon (AMZN)... "FANG" stock
Netflix (NFLX)... "FANG" stock
Microsoft (MSFT)... "digital utility"
Royal Dutch Shell (RDS-A)... oil and gas
BP (BP)... oil and gas
Rio Tinto (RIO)... diversified mining
Alcoa (AA)... aluminum
Southern Copper (SCCO)... copper
Steel Dynamics (STLD)... steel
KB Home (KBH)... homebuilder
Lennar (LEN)... homebuilder
Sherwin-Williams (SHW)... paint and coating
International Paper (IP)... paper
FedEx (FDX)... shipping
United Parcel Service (UPS)... shipping
Waste Management (WM)... trash and recycling
LyondellBasell Industries (LYB)... chemicals
AbbVie (ABBV)... prescription drugs
Abbott Laboratories (ABT)... "one of the world's greatest tailwinds"
Baxter (BAX)... "one of the world's greatest tailwinds"


NEW LOWS OF NOTE LAST WEEK

Sears Holdings (SHLD)... dying retailer
Barnes & Noble (BKS)... bookstores
American Outdoor Brands (AOBC)... guns


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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 15, 2018 12:50 pm

A 'big money indicator' is pointing to more record highs for stocks

by Annie Pei

The advance-decline line of the S&P 500 Index has broken out in the last month, and points to more gains ahead.

The advance-decline line essentially tracks the moves of the 15-most heavily traded stocks by share volume.

As a result, the strategist believes that while you can stick with some winning sectors like tech, investors can also start to rotate into other more cyclical sectors. This includes financials — which Suttmeier emphasizes that he is "very bullish" on — as well as industrial and material names.


Source: CNBC.com

https://www.cnbc.com/2018/01/12/a-big-m ... KW,198VM,1
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 15, 2018 5:43 pm

A rallying market may correct soon, but one pro says watch for this 'monster buy signal'

by Stephanie Landsman

"What we found is when the yield curve is flattening, it's actually a monster buy signal".

There are no negative divergences. The advance-decline line is making new highs. It's a pretty broad move".

When it dips,Dwyer sees financials, industrials and information technology as the big winners.


Source: CNBC

https://finance.yahoo.com/news/rallying ... 00989.html
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Tue Jan 16, 2018 9:29 pm

NEW HIGHS OF NOTE LAST WEEK

Boeing (BA)... "offense" contractor
Northrop Grumman (NOC)... "offense" contractor
Royal Dutch Shell (RDS-A)... oil and gas supermajor
Chevron (CVX)... oil and gas supermajor
HollyFrontier (HFC)... oil refiner
Rio Tinto (RIO)... diversified mining
BHP Billiton (BHP)... diversified mining
Caterpillar (CAT)... construction equipment
Deere (DE)... lawnmowers and farm equipment
Stanley Black & Decker (SWK)... tools and storage
Sherwin-Williams (SHW)... paint
Lennar (LEN)... homebuilder
PulteGroup (PHM)... homebuilder
Bank of America (BAC)... America's "financial backbone"
JPMorgan Chase (JPM)... America's "financial backbone"
HSBC (HSBC)... financial services
Ally Financial (ALLY)... "branchless" bank
PayPal (PYPL)... society goes "cashless"
Global Payments (GPN)... digital payments
Microsoft (MSFT)... "digital utility"
Amazon (AMZN)... "FANG" stock
Netflix (NFLX)... "FANG" stock
Cisco (CSCO)... Internet "plumbing"
Texas Instruments (TXN)... semiconductors
Activision Blizzard (ATVI)... video games
Best Buy (BBY)... big-screen TVs, laptops, tablets
Adobe Systems (ADBE)... software
Baxter (BAX)... medical devices
Johnson & Johnson (JNJ)... health care giant

NEW LOWS OF NOTE LAST WEEK

Sears Holdings (SHLD)... dying retailer
Kimco Realty (KIM)... shopping centers
Dave & Buster's Entertainment (PLAY)... arcades
American Outdoor Brands (AOBC)... guns
GoPro (GPRO)... "cocktail party" stock

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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 22, 2018 10:26 am

CHARTS

RUTX: It was the day for the small and midcaps as the bids flipped back their way. RUTX surged to a new closing high though still below the intraday high from Tuesday. Volatile as the other indices, but not nearly the extended position. The upside is coming in big chunks when it comes,
holding out promise for a belated and more sustained January Effect.

NASDAQ: This current rally leg is almost 3 weeks old and pretty much straight up outside of the Tuesday volatility. Friday saw NASDAQ to another new high, so after that kind of move near term NASDAQ is extended. What does that mean? Well, it can still move higher, it is just that after this kind of rally it likely has less upside left in it before a test comes.

DJ30: Trended higher last week but did show volatility Tuesday and Thursday, and then struggled some Friday thanks to AXP, IBM. Would have performed better but for those, or as they say here in the office, it would have performed better if it did. Anyway, really extended off the 50 day MA and over the 200 day MA but thus far not testing.

SP500: Similar to DJ30, but SP500 punched out a new high Friday. Some volatility, quite extended in terms of the 50 day and 200 day MA, but thus far still finding bids. Not a blow off top as noted last week, but as with DJ30, up 3 weeks on this leg alone AFTER it was already extended.

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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Jan 22, 2018 8:46 pm

NEW HIGHS OF NOTE LAST WEEK

Berkshire Hathaway (BRK-B)... Warren Buffett's holding company
Mastercard (MA)... credit cards
Visa (V)... credit cards
PayPal (PYPL)... society goes "cashless"

Cisco (CSCO)... "plumbing" of the Internet
Apple (AAPL)... iPhones and iPads
Activision Blizzard (ATVI)... video games
Best Buy (BBY)... big-screen TVs, laptops, tablets
Wal-Mart (WMT)... retail behemoth
Dollar General (DG)... discount retailer
3M (MMM)... the everyday goods in your house
Colgate-Palmolive (CL)... the everyday goods in your house
Lennar (LEN)... homebuilder
NVR (NVR)... "most capital-efficient homebuilder in America"
Hyatt Hotels (H)... hotels
Marriott (MAR)... hotels
Wyndham Worldwide (WYN)... hotels and resorts
Las Vegas Sands (LVS)... casinos and resorts
Wynn Resorts (WYNN)... casinos and resorts
Aramark (ARMK)... food and uniforms
Ecolab (ECL)... sanitation
Becton Dickinson (BDX)... needles and syringes
LabCorp (LH)... medical testing
Humana (HUM)... health insurance
UnitedHealth (UNH)... health insurance
Salesforce.com (CRM)... software for businesses
International Paper (IP)... paper
FedEx (FDX)... shipping
United Parcel Service (UPS)... shipping

NEW LOWS OF NOTE LAST WEEK

Sprint (S)... debt-laden telecom
General Electric (GE)... appliance giant
Kimco Realty (KIM)... shopping centers

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