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US MARKETS Friday, June 22, 2018
  Our Preferred Strategy for Today's Spotlight Stocks: FOX, CAT, XLE, IJS, MRK, SLB, YGE, XIN
Twenty-First Century Fox (FOX)  86.6: as long as 47.2 is support look for 49.7.
Caterpillar (CAT)  38.3: the downside prevails as long as 140.6 is resistance.
Energy Select Sector SPDR (XLE)  73.7: the downside prevails as long as 76.5 is resistance.
iShares S&P SmallCap 600 Value (IJS)  167.7: as long as 165.4 is support look for 173.9.
Merck & Co (MRK)  72.5: as long as 59.3 is support look for 64.8.
Schlumberger (SLB)  100.2: the downside prevails as long as 67.5 is resistance.
Yingli Green (ADR) (YGE)  1.6: the downside prevails as long as 1.67 is resistance.
Xinyuan Real (ADR) (XIN)  4.8: the downside prevails as long as 5.19 is resistance.
  Indices Last   %1D   %5D   %1M  
  S&P 500 2,749.8   -0.63   -1.18   +0.93   
  S&P 100 1,207.1   -0.68   -1.20   +0.83   
  Dow Jones 24,461.7   -0.80   -2.83   -1.50   
  Dow Jones Transportation 10,826.8   -0.42   -1.66   +0.79   
  Dow Jones Utility 690.6   +0.33   +2.57   +2.36   
  Nasdaq Composite 7,713.0   -0.88   -0.62   +4.53   
  NYSE Arca Major Market 2,411.3   -0.82   -2.85   -1.50   
  NYSE Composite 12,560.2   -0.70   -1.66   -1.62   
  Russell 2000 1,689.0   -1.06   +0.25   +3.92   
  10-Year US T-note 29.0   -1.06   -1.66   -5.48   
  Comments
US indices closed lower on Thursday, pressured by shares in the Energy (-1.93%), Automobiles & Components (-1.79%) and Capital Goods (-1.5%) sectors. On the economic data front, initial jobless claims decreased to 218K in the week ending June 16 (estimated 220K) from 221K in the prior week while continuing claims increased to 1.72M in the week ending June 9 (estimated 1.71M) from 1.7M previously. In addition, the Philadelphia Fed index fell to 19.9 in June (estimated 29) from 34.4 in May. Furthermore, the FHFA house price index increased by 0.1% in April, below the estimate of +0.5%, from +0.2% in March. In other news, the Bloomberg consumer comfort index increased to 56.5 in the week ending June 17 from 55.8 in the last week and the leading economic index increased by 0.2% in May (estimated +0.4%) from +0.4% in April. Furthermore, the Fed released stress test results stating that all 35 banks have sufficient capital to withstand a global recession. Finally, "the bank holding companies with less than $100B in total consolidated assets are no longer subject to supervisory stress testing". The S&P 500 (2,749.76) breaks below its 20d moving average (2,754.02 - positive slope) and its 50d moving average (2,713.01 - positive slope).
Technical Recap of Today's Picks
  Intraday Strategies
Twenty-First Century Fox intraday: as long as 47.2 is support look for 49.7
Our pivot point stands at 47.2.

Our preference: as long as 47.2 is support look for 49.7.

Alternative scenario: below 47.2, expect 46.3 and 45.7.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. Prices could retrace in the short term. Twenty-First Century Fox is below its 20 period MA (48.15) but above its 50 period MA (46.36).

Chart
Caterpillar intraday: the downside prevails as long as 140.6 is resistance
Our pivot point stands at 140.6.

Our preference: the downside prevails as long as 140.6 is resistance.

Alternative scenario: the upside breakout of 140.6, would call for 142 and 142.8.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Caterpillar stands below its 20 and 50 period MA (respectively at 141.29 and 143.25).

Chart
  Short Term Strategies
Energy Select Sector SPDR ST: the downside prevails as long as 76.5 is resistance
Our pivot point stands at 76.5.

Our preference: the downside prevails as long as 76.5 is resistance.

Alternative scenario: the upside breakout of 76.5 would call for 79.1 and 80.5.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 75.76 and 75.21).

Chart
iShares S&P SmallCap 600 Value ST: as long as 165.4 is support look for 173.9
Our pivot point stands at 165.4.

Our preference: as long as 165.4 is support look for 173.9.

Alternative scenario: the downside breakout of 165.4 would call for 162.9 and 161.3.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 166.01 and 160.72). iShares S&P SmallCap 600 Value is currently trading near its 52 week high reached at 169.45 on 20/06/18.

Chart
Merck & Co ST: as long as 59.3 is support look for 64.8
Our pivot point is at 59.3.

Our preference: as long as 59.3 is support look for 64.8.

Alternative scenario: the downside breakout of 59.3 would call for 57.3 and 56.1.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 61.09 and 59.62).

Chart
Schlumberger ST: below its lower Bollinger band
Our pivot point is at 67.5.

Our preference: the downside prevails as long as 67.5 is resistance.

Alternative scenario: the upside breakout of 67.5 would call for 70 and 71.5.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 68.26 and 69.47). Finally, Schlumberger has penetrated its lower daily Bollinger band (65.09).

Chart
Yingli Green ADR ST: the downside prevails as long as 1.67 is resistance
Our pivot point stands at 1.67.

Our preference: the downside prevails as long as 1.67 is resistance.

Alternative scenario: the upside breakout of 1.67 would call for 1.78 and 1.84.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.62 and 1.72).

Chart
Xinyuan Real ADR ST: the downside prevails as long as 5.19 is resistance
Our pivot point is at 5.19.

Our preference: the downside prevails as long as 5.19 is resistance.

Alternative scenario: the upside breakout of 5.19 would call for 5.46 and 5.63.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 5.2 and 5.26). Xinyuan Real ADR is currently trading near its 52 week low at 4.68 reached on 19/06/18.

Chart
Sector Performance vs. S&P 500  - Find out which ETF sectors are performing the best and worst against the S&P 500.
1 day relative performance (%)
Sector Ticker Last %Chg SPY
Utilities XLU 50.4 0.34 0.97
Consumer Staples XLP 51.21 0.2 0.83
Financial XLF 27.2 -0.29 0.34
Health Care XLV 84.55 -0.58 0.05
Consumer Discretionary XLY 111.51 -0.71 -0.09
Technology XLK 71.03 -0.77 -0.14
Materials XLB 57.68 -1.06 -0.44
Industrial XLI 72.36 -1.26 -0.63
Energy XLE 73.68 -1.85 -1.23
5 day relative performance (%)
Sector Ticker Last %Chg SPY
Utilities XLU 50.4 1.55 3.21
Consumer Staples XLP 51.21 -0.14 1.5
Consumer Discretionary XLY 111.51 -0.63 0.99
Health Care XLV 84.55 -1.24 0.38
Financial XLF 27.2 -1.41 0.2
Technology XLK 71.03 -1.69 -0.08
Energy XLE 73.68 -3.45 -1.87
Industrial XLI 72.36 -4.3 -2.73
Materials XLB 57.68 -4.55 -2.99
1 month relative performance (%)
Sector Ticker Last %Chg SPY
Consumer Discretionary XLY 111.51 6.22 5.59
Consumer Staples XLP 51.21 3.12 2.51
Technology XLK 71.03 2.39 1.78
Utilities XLU 50.4 1.98 1.38
Health Care XLV 84.55 1.72 1.12
Materials XLB 57.68 -3.35 -3.93
Financial XLF 27.2 -4.02 -4.59
Industrial XLI 72.36 -4.2 -4.77
Energy XLE 73.68 -5.37 -5.93
Stocks performance within sectors  - Find out which stocks are performing the best and worst within the ETF sectors.
1 day relative performance (%)
Utilities (XLU) Ticker Last %Chg vs sector
PPL Corporation PPL 27.8 1.94 1.6
PGE Corp PCG 40.5 1.33 0.98
American Water W. AWK 82.4 -0.97 -1.31
Scana Corp SCG 36.6 -2.19 -2.52
Materials (XLB)
Mosaic Co MOS 28.4 2.12 3.22
CF Industries CF 44.9 0.74 1.82
Newmont Mining NEM 37.0 -2.45 -1.4
Vulcan Materials VMC 130 -2.54 -1.49
5 day relative performance (%)
Utilities (XLU) Ticker Last %Chg vs sector
Duke Energy DUK 76.9 4.7 3.1
American Electri. AEP 67.5 4.41 2.82
AES Corporation AES 12.9 -2.2 -3.69
NRG Energy NRG 31.9 -4.86 -6.32
Materials (XLB)
PPG Industries PPG 104 0.33 5.11
International Fl. IFF 125 0.13 4.9
Freeport-McMoRan FCX 16.4 -6.94 -2.5
International Pa. IP 52.9 -6.98 -2.55
1 month relative performance (%)
Utilities (XLU) Ticker Last %Chg vs sector
Sempra Energy SRE 113 9.34 7.21
AES Corporation AES 12.9 5.66 3.6
NRG Energy NRG 31.9 -4.69 -6.55
PGE Corp PCG 40.5 -7.11 -8.91
Materials (XLB)
CF Industries CF 44.9 7.29 11.01
Sherwin Williams SHW 395 5.16 8.81
Ball Corp BLL 35.3 -8.03 -4.84
Avery Dennison AVY 100 -9.06 -5.91
Candlestick patterns
They can provide a good indication of investor psychology at a certain time. Some patterns can consist of one or a combination of candles and can be used to spot reversal patterns.
Bullish Patterns
Name Ticker Last %Chg Candlestick Inv.
Citigroup C 67.63 0.37 Piercing line 67.16
General Elect. GE 12.76 -0.93 Hammer 12.61
General Motor. GM 41.12 -1.98 Inverted hammer 40.8
Nike NKE 73.94 -1.04 Inverted hammer 73.55
Bearish Patterns
AbbVie ABBV 95.55 -0.07 Evening star 99.55
Alphabet GOOGL 1169.44 -1.24 Bearish engulfing 1185.51
Amazon.com AMZN 1730.22 -1.13 Bearish engulfing 1760
Booking Holdi. BKNG 2122.49 -1.08 Evening star 2162.91
ConocoPhillip. COP 65.11 -3.50 Evening star 67.63
Gilead Scienc. GILD 71.52 0.08 Hanging man 71.69
Kinder Morgan KMI 17.16 -1.89 Evening star 17.66
Kraft Heinz KHC 62.57 -0.75 Dark cloud cover 63.05
Neutral Patterns
No signal
 
Technical alerts
They are based on mathematical indicators and can be used to determine change of trend or market acceleration. They are based on the following indicators: 20D & 50D moving average, 20D Bollinger bands, 14D RSI and MACD.
Bullish Alerts
Name Ticker Last %Chg Signal
Kraft Heinz KHC 62.14 -0.75 Upper Bollinger crossover
CVS Health CVS 70.77 -0.73 Upper Bollinger crossover
NetFlix NFLX 404.98 -0.32 Upper Bollinger crossover
Bullish Alerts
Caterpillar CAT 143.3 -2.52 Lower Bollinger cross under
Intel INTC 52.93 -2.38 Lower Bollinger cross under
Honeywell HON 147.28 -1.75 Lower Bollinger cross under
General Dynamics GD 190.69 -1.55 Lower Bollinger cross under
Boeing BA 341.12 -1.47 Lower Bollinger cross under
Lockheed Martin LMT 302.52 -0.82 Lower Bollinger cross under
QUALCOMM QCOM 196.6 -0.07 Lower Bollinger cross under
  Economic Releases
US 09:45: Jun P Markit US Manufacturing PMI, exp.: 56.1
US 09:45: Jun P Markit US Services PMI, exp.: 56.5
US 09:45: Jun P Markit US Composite PMI
  Corporate Events
Expected results today
CarMax (KMX): Q1
Ex-dividends today
Equity Residential (EQR): $0.54, Fedex (FDX): $0.65, International Flavors & Fragrances (IFF): $0.69, Johnson Controls (JCI): $0.26
After Hours
Red Hat (RHT) reported adj. 1Q EPS of $0.72 (expected $0.69) vs. $0.4 a year ago on sales of $814M, above the estimate of $810M, compared to $677M in the prior year. Net income increased to $111M from $87M in the prior year. In other news, the Co cut guidance on FY revenue from $3.43 - $3.46 to $3.38 - $3.41 and raised guidance on FY adj. EPS from $3.38 - $3.41 to $3.44 - $3.48. In addition, the Co sees 2Q adj. EPS at $0.81 below the estimate of $0.89 and sees 2Q revenue in the range of $822M - $830M, also below the forecast of $855M. Finally, the Co announced a $1B stock repurchase program.

Goldman Sachs (GS) had the lowest minimum supplementary leverage ratio (3.1) among other banks in the Federal Reserve stress test, just exceeding the requirement of 3.0.

Alphabet's (GOOGL) Google discussed selling hardware in China through JD.com, according to The Information.

AT&T (T) expected the Time Warner acquisition deal to deliver synergies of $2.5B, reported Bloomberg.

Tesla (TSLA) planned to close a dozen solar installation facilities across 9 states in the U.S., reported Reuters citing sources.


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All quotes are based on the closing price as of Thursday, June 21, 2018



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