US - Market Direction 41 (Mar 18 - May 19)

Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Nov 12, 2018 10:01 am

Charts

DJ30 tapped the 50 day SMA on Friday's low, holding much of the move.

SP500 tapped the 200 day SMA and rebounded nicely.

NASDAQ 100 filled much of the Wednesday gap, essentially giving up the move before rebounding. Very similar to the test of the last surge. NASDAQ did give up the Wednesday move but also rebounded to close. Volume remained lower as it did on Thursday, and the pattern is holding together.

Source: Investment House
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Nov 12, 2018 9:20 pm

NEW HIGHS OF NOTE LAST WEEK

McDonald's (MCD)... burgers, fries, and milkshakes
Starbucks (SBUX)... coffee
Coca-Cola (KO)... soft drinks
Keurig Dr Pepper (KDP)... "selling the basics"
Hormel Foods (HRL)... "selling the basics"
Helen of Troy (HELE)... "selling the basics"
Church & Dwight (CHD)... "selling the basics"
Clorox (CLX)... "selling the basics"

Ecolab (ECL)... sanitation technology
UnitedHealth (UNH)... health insurance
Aetna (AET)... health insurance
Anthem (ANTM)... health insurance
AstraZeneca (AZN)... prescription drugs
Merck (MRK)... prescription drugs
Walgreens Boots Alliance (WBA)... drugstores
Dollar General (DG)... discount retailer
Ross Stores (ROST)... discount retailer
Kohl's (KSS)... "bad to less bad" in retail
Nordstrom (JWN)... "bad to less bad" in retail
Tractor Supply (TSCO)... "rural lifestyle" retailer
Advance Auto Parts (AAP)... auto parts
O'Reilly Automotive (ORLY)... auto parts
United Continental (UAL)... airline
Cameco (CCJ)... uranium

NEW LOWS OF NOTE LAST WEEK

Groupon (GRPN)... deals and coupons website
Zillow (Z)... home-listings website
D.R. Horton (DHI)... homebuilder
Sotheby's (BID)... auctions
Penn National Gaming (PENN)... gambling
Michael Kors (KORS)... high-end accessories

Source: Daily Wealth
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Nov 19, 2018 7:59 am

MONDAY

Last week saw a bit of thaw in the Fed. There is also a lot of talk about the trade issues with the US and China sparring. Some said there were indications of a deal in the offing, but that is just wishful thinking.

Indeed, this weekend VP Pence and Xi traded jabs in their speeches at a summit, Pence saying that the US could even double its tariffs if China does not accede to US positions on trade between the two nations. So much for trade being an upside catalyst this coming week.

The market continues to struggle to find consistent traction. Last week outside of Thursday any upside was met with selling. Indeed, after the prior Wednesday follow through, all the market did was sell.

Leadership is still the missing link. A follow through is great in that it sets the stage for a rally. Then, of course, there has to be a rally, and that only happens if there are stocks in good patterns to take the baton after the initial bounce pushed everything upside in relief.

Source: Investment House
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Re: US - Market Direction 41 (Mar 18 - Dec18)

Postby winston » Mon Nov 19, 2018 8:08 am

CHARTS

DJ30: After a nice test lower below the 200 day SMA and recovery Thursday, Friday was a bit more upside, but not a lot of power. Some of the market leaders that recently tested started higher, and that pushed up DJ30, e.g. MCD, JNJ, KO. It is still showing a hold at the 200 day SMA, filled the gap from the 10/30 reversal, and is in good position to move higher into
yearend. New highs? Who knows? They don't look probable at this point but you play a bounce if it continues and if it keeps going, well okay then.

NASDAQ: Same position as Thursday. The October 30 gap is filled, NASDAQ reversed from a lower pullback low Thursday. That leaves it in position to move higher, but it simply does not have the pattern and thus far not shown the leadership that DJ30 has. Now that cold change with some software and chip stocks moving higher, but those stocks are going to have to show that move.

SP500: Reached higher to the 20 day EMA Friday, continuing the Thursday upside reversal. Gap filled, reversal. Inverted head and shoulders and a CNBC contributor was noting Friday. Gee, where have you been? Now we if it has anything or at least can follow DJ30.

Source: Investment House
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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Mon Nov 19, 2018 10:25 pm

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

McDonald's (MCD)... fast food
Coca-Cola (KO)... soft drinks

Dine Brands Global (DIN)... IHOP, Applebee's
Walgreens Boots Alliance (WBA)... drugstores
AstraZeneca (AZN)... prescription drugs
Aetna (AET)... health insurance
Procter & Gamble (PG)... "selling the basics"
Clorox (CLX)... "selling the basics"
Helen of Troy (HELE)... "selling the basics"
Lamb Weston (LW)... "selling the basics"

Ulta Beauty (ULTA)... makeup, skin care, and more
Burlington Stores (BURL)... "everything" stores
d**k's Sporting Goods (DKS)... sporting goods
Advance Auto Parts (AAP)... auto parts
O'Reilly Automotive (ORLY)... auto parts
AutoZone (AZO)... auto parts
Monro (MNRO)... car repairs
Verizon (VZ)... Internet "toll bridge"

NEW LOWS OF NOTE LAST WEEK

Barclays (BCS)... financial services
Citigroup (C)... financial services
Goldman Sachs (GS)... financial services
General Electric (GE)... caught in a "death spiral"
JC Penney (JCP)... dying department store
Activision Blizzard (ATVI)... video games
Electronic Arts (EA)... video games
Royal Dutch Shell (RDS-A)... oil and gas
Valero Energy (VLO)... oil refiner
Halliburton (HAL)... oilfield services
Schlumberger (SLB)... oilfield services
British American Tobacco (BTI)... tobacco

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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Mon Nov 26, 2018 8:42 pm

NEW HIGHS OF NOTE LAST WEEK

Coca-Cola (KO)... soft-drink giant
McDonald's (MCD)... fast-food giant
Johnson & Johnson (JNJ)... consumer-goods giant
Clorox (CLX)... consumer goods
Lancaster Colony (LANC)... consumer goods
Ulta Beauty (ULTA)... makeup and skin care
Merck (MRK)... prescription drugs
Ecolab (ECL)... sanitation technology
CME Group (CME)... derivatives
Booz Allen Hamilton (BAH)... "offense" contractor
Waste Management (WM)... trash and recycling
Exelon (EXC)... utilities
Ameren (AEE)... utilities
Verizon (VZ)... Internet "toll bridge"
Ubiquiti Networks (UBNT)... wireless networks
AutoZone (AZO)... auto parts

NEW LOWS OF NOTE LAST WEEK

Barclays (BCS)... financial services
Citigroup (C)... financial services
Deutsche Bank (DB)... financial services
Goldman Sachs (GS)... financial services
Caesars Entertainment (CZR)... gambling
Las Vegas Sands (LVS)... gambling
Facebook (FB)... social media
Activision Blizzard (ATVI)... video games
Electronic Arts (EA)... video games
General Electric (GE)... caught in a "death spiral"
Royal Dutch Shell (RDS-A)... oil and gas
AK Steel (AKS)... steel
Alcoa (AA)... aluminum

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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Tue Nov 27, 2018 8:35 pm

U.S. stock market just flashed not one, but two, buy signals

By John Bollinger

Market-timing system’s previous buy sign occurred at the January 2018 lows

Source: Market Watch

https://www.marketwatch.com/story/tradi ... yptr=yahoo
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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Fri Nov 30, 2018 10:22 pm

5 Reasons to Buy Stocks Now

by David Goodboy

1. The Stock Market Is Relatively Discounted
2. Interest Rates Remain In Control
3. Stocks Upward Drift
4. The Selling Catalysts Are Played Out
5. The Santa Claus Rally


Source: Street Authority

https://dailytradealert.com/2018/11/30/ ... tocks-now/
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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Mon Dec 03, 2018 8:27 am

MONDAY

We will have to see, but for now the indices have moved up to next resistance on a week of upside. We wanted a pause Friday into Monday, but didn't happen. Now we see if that occurs to start the week then takes back upside.

In any event, outside a letdown from Xi/Trump we anticipate the market to continue the yearend move either without a rest or taking that rest. Thus, we will continue looking at upside plays.

Source: Investor Place
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Re: US - Market Direction 41 (Mar 18 - Dec19)

Postby winston » Mon Dec 03, 2018 8:35 am

CHARTS

DJ30: Upside 4 of 5 sessions, moving off the Thursday doji up to just below the 50 day SMA. Solid double bottom bounce but now at some resistance. Lots of good news built into the move (Fed, trade) and a 1250 point move on the week. It would appear DJ30 needs to rest a bit, but with a yearend rally the moves are not necessarily standard.

SP500: Also rallied off the Thursday doji, moving higher to close just below the 200 day SMA, a significant resistance point. Four of five sessions upside here as well. Basically the same pattern as DJ30 in application, i.e. the double bottom rally up to a resistance point.

NASDAQ: Continued higher Friday off a Thursday pause, moving closer toward the 50 day EMA. The big upside days were Monday and Wednesday while Thursday and Friday were more a coast upside. A bit of slower trade here leaves NASDAQ with some more room to rally though both 50 day MA's and the 200 day SMA overhead for the next 175 or so points.

Source: Investment House
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