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

[winston]

NEW HIGHS OF NOTE LAST WEEK

3M (MMM)... ACE Bandages, Post-it notes, Scotch tape
Johnson & Johnson (JNJ)... Band-Aids, Tylenol, Listerine
Abbott Laboratories (ABT)... Similac, Pedialyte, Ensure
AbbVie (ABBV)... Humira, other prescription drugs
Anthem (ANTM)... health insurance
Aflac (AFL)... insurance
Travelers (TRV)... insurance
Progressive (PGR)... car insurance
Wabtec (WAB)... train and freight technologies
Boeing (BA)... world's largest maker of commercial jets
Booz Allen Hamilton (BAH)... "offense" contractor
Northrop Grumman (NOC)... "offense" contractor
DuPont (DD)... chemicals
Monsanto (MON)... seeds and pesticides
Cemex (CX)... largest cement producer in North America
NVR (NVR)... most capital-efficient homebuilder in America
Zillow (Z)... online home listings
Sherwin-Williams (SHW)... paint
Stanley Black & Decker (SWK)... tools and storage
Whirlpool (WHR)... refrigerators, washers, dryers
Dish Network (DISH)... satellite TV
New York Times Company (NYT)... global news coverage
Choice Hotels (CHH)... Clarion, Comfort Inn, Quality Inn
Citigroup (C)... banks
Franklin Resources (BEN)... asset management
Equifax (EFX)... credit reports
H&R Block (HRB)... tax preparation
Office Depot (ODP)... office supplies
FedEx (FDX)... delivery giant

NEW LOWS OF NOTE LAST WEEK

Kroger (KR)... grocery stores
Groupon (GRPN)... online marketplace
Fossil (FOSL)... watches
Pandora Media (P)... "struggling to keep up"
Snap (SNAP)... overhyped IPO

Source: Daily Wealth

[winston]

NEW HIGHS OF NOTE LAST WEEK

Aetna (AET)... health insurance
UnitedHealth (UNH)... health insurance
Weight Watchers (WTW)... weight-loss programs
Medtronic (MDT)... insulin pumps and pacemakers
Baxter (BAX)... treatments for hemophilia and kidney disease
AbbVie (ABBV)... Humira, other prescription drugs
AmerisourceBergen (ABC)... pharmaceuticals
Abbott Laboratories (ABT)... Similac, Pedialyte, Ensure
Johnson & Johnson (JNJ)... Band-Aids, Tylenol, Listerine
3M (MMM)... ACE Bandages, Post-it notes, Scotch tape
Clorox (CLX)... Clorox bleach, Pine-Sol cleaners, Glad trash bags
PepsiCo (PEP)... Pepsi soda, Lay's chips, Tropicana juices
McDonald's (MCD)... burgers, fries, milkshakes
GrubHub (GRUB)... food-delivery app
American Express (AXP)... credit cards
FedEx (FDX)... shipping
Boeing (BA)... world's largest maker of commercial jets
Southwest Airlines (LUV)... largest domestic airline
Carnival (CCL)... cruises
Royal Caribbean Cruises (RCL)... cruises
MGM Resorts (MGM)... casinos and resorts
Pool Corp (POOL)... pool supplies and products
Lennar (LEN)... homebuilder
Stanley Black & Decker (SWK)... tools and storage
U.S. Concrete (USCR)... concrete
Caterpillar (CAT)... heavy machinery
General Dynamics (GD)... "offense" contractor
Lockheed Martin (LMT)... "offense" contractor

NEW LOWS OF NOTE LAST WEEK

O'Reilly Automotive (ORLY)... auto parts
Hertz Global (HTZ)... the death of rental cars
Barnes & Noble (BKS)... bookstores
Mattel (MAT)... toys
d**k's Sporting Goods (DKS)... sporting goods
Finish Line (FINL)... athletic shoes
Fitbit (FIT)... "cocktail party" stock

Source: Daily Wealth

[behappyalways]

2017.06.25文茜的世界財經周報／各說各話　川普要網路安全　業界盼鬆綁移民
https://www.youtube.com/watch?v=H7vA_YL7G7k

[winston]

MONDAY

A half session Monday and then a closed market Tuesday for Independence Day. Not expecting any relative change Monday either, but Wednesday is when things start getting interesting as new money could enter the market.

Consumer sentiment is higher, bullish investors and advisors are up again -- confidence in the market is up.

The index patterns are not bad at all though SOX is questionable, and there is still leadership. So surely up and away.

The time of the year is a typical weaker period. In 2016, after a rally into early July the market flattened through most of July and all of August, dropping in September on into early November. Then the big rally started post-election.

The thing that would keep the move working, so it seems, would be healthcare and tax reform. That hope continues to help support the market. Trump is pretty good at playing the news game and keeping hope alive. Ultimately it has to pay off or the ruse is up.

Source: Investment House

[winston]

CHARTS

There was no relative change in position or trend. SOX remains weak and sold more. The other indices tested support yet again. No big changes to end the week and no real surprises there.

SOX: Continued the downside below the 50 day MA after breaking below that support Thursday. Lower but still right at the 78% Fibonacci retracement of the May to early June run and can definitely put in an ABCD pattern. It may not look as if chips want to rise, but you have to respect the technical pattern, and if SOX posts a solid upside move, you have to lean toward a
bounce higher of a D point.

NASDAQ: Still sluggish, but still hanging in at the 50 day MA. The pattern is less than lovely for the upside, but as noted before, if NASDAQ can hold in at that level then it can rescue itself . . . or more aptly, have the PPT step in and buy and prime the buyers to take more positions.

DJ30: Up modestly on the session, but gapping upside to show a tight doji just over the 20 day EMA. DJ30 is holding near support in this test of the mid-June new high. A bit volatile to end the week but as with the other indices, it held where it needed to hold.

RUTX: Holding position very well at the 10 day EMA with a tight doji. That leaves RUTX at the top of the range and right below a new high. If any new money comes in at all RUTX moves to a new high. It is certainly not acting as if the economy is struggling.

SP400: Similar to RUTX, just a bit lower below the highs. Trending up the 50 day EMA, in a four month bullish base. Put in a higher low at the 50 day MA and remains poised to make a move higher.

SP500: After bouncing off the 50 day MA on the Thursday low SP500 gapped modestly higher. Still easily over the 50 day MA, trending higher similar to SP400, and not in any real danger.

Source: Investment House

[winston]

S&P 500 could hit 2,500 this month amid soaring market sentiment: Strategist

by Annie Pei

"We're right into support right now at around 2,418 to the 2,400 level," he said last week on CNBC's "Futures Now."

He added: "I think that if we can hold that, we can see a move towards 2,475 and maybe even 2,500 or 2,550 in July."

Suttmeier noted the rally should come as no surprise as data going back to 1928 has shown that the markets typically sees an average gain of 1.5 percent in July.

"I would only start to get nervous if the S&P got below 2,400," he mentioned.

"It would probably get quickly oversold somewhere north of 2,500 or 2,550, but I think we're re-testing the breakout point right here right now. That call into 2,500-plus in July remains intact."

Source: CNBC

http://www.cnbc.com/2017/07/02/sp-500-c ... yptr=yahoo

[winston]

NEW HIGHS OF NOTE LAST WEEK

American Express (AXP)... credit cards
Citigroup (C)... banks
Franklin Resources (BEN)... asset management
H&R Block (HRB)... tax preparation
Fair Isaac (FICO)... credit scores
Charles Schwab (SCHW)... online brokerage
Facebook (FB)... social media
Zynga (ZNGA)... FarmVille, Words With Friends
Corning (GLW)... glass smartphone screens
Verisign (VRSN)... ".com" and ".net" websites
Stamps.com (STMP)... postage on demand
Zillow (Z)... online home listings
KB Home (KBH)... homebuilder
Toll Brothers (TOL)... homebuilder
RH (RH)... home furnishings
Sherwin-Williams (SHW)... paint
Owens Corning (OC)... roofing and insulation
CEMEX (CX)... concrete
U.S. Concrete (USCR)... concrete
Monsanto (MON)... seeds and pesticides
Boeing (BA)... world's largest maker of commercial jets
Delta Air Lines (DAL)... airline
Wynn Resorts (WYNN)... casinos and resorts
Constellation Brands (STZ)... Robert Mondavi, Corona
Darden Restaurants (DRI)... Olive Garden, LongHorn Steakhouse
Restaurant Brands (QSR)... Burger King, Tim Hortons
Quest Diagnostics (DGX)... "one of the world's greatest tailwinds"
Office Depot (ODP)... office supplies

NEW LOWS OF NOTE LAST WEEK

Advance Auto Parts (AAP)... "Amazon victim"
O'Reilly Automotive (ORLY)... auto parts
Verizon Communications (VZ)... telecom
General Mills (GIS)... Betty Crocker, Pillsbury
J.M. Smucker (SJM)... Jif, Folgers, Crisco
Campbell Soup (CPB)... soup
Rite Aid (RAD)... drugstores

Source: Daily Wealth

[winston]

BANK OF AMERICA: We may have just witnessed the 'first step' toward the end of the bull market

by Akin Oyedele

"The recent inflection from skepticism to optimism could be the first step toward the market euphoria that we typically see at the end of bull markets and that has been glaringly absent so far in the cycle,"

Source: Business Insider

https://finance.yahoo.com/news/bank-ame ... 14936.html

[winston]

The 2017 rally is about to fade, warns Wells Fargo strategist

by Rebecca Ungarino

Valuations, he highlighted in a note to clients, are "stretched" at 19.2 times earnings versus the median 20-year price-to-earnings ratio of 16.4 times.

Investors should continue to stay in stocks that are weighted to economic growth, such as industrials, consumer discretionary and health-care stocks, as "this cycle is not over."

Source: CNBC.com

http://www.cnbc.com/2017/07/03/the-2017 ... CKW,UMW9,1

[winston]

A Big Red Flag Is Pointing to a Stock Correction

By Max Ganik

A negative divergence in the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) vs. Stock Price has been forming, and it deserves close a close look.

This means that while prices have rallied, the momentum and relative strength of the market have made a lower high compared with a previous peak.

And when market breadth doesn’t keep up with price, this can indicate that a reversal is imminent.

This negative divergence between the RSI and MACD​ is a sign that market breath is declining, meaning that fewer stocks are participating in the rally.

And when a market is being propped up by only a handful of stocks or sectors, if those stocks start to roll over, the market can suffer a sharp correction because there’s nothing left to support it.

Source: TTR

http://www.thetradingreport.com/2017/07 ... orrection/