View this newsletter as a webpage
sogo Logo Morning Call

Powered by

Trading Central Logo
US MARKETS Monday, December 17, 2018
  Our Preferred Strategy for Today's Spotlight Stocks: SLB, BK, XLY, XLI, OAS, SWN, ENDP, COST
Schlumberger (SLB)  39.1: the downside prevails as long as 39.7 is resistance.
Bank of New York Mellon (BK)  48.7: the upside prevails as long as 48.3 is support.
Consumer Discretionary Select Sector SPDR (XLY)  117.3: the downside prevails as long as 107.6 is resistance.
Industrial Select Sector SPDR (XLI)  78.5: the downside prevails as long as 70.1 is resistance.
Oasis Petroleum (OAS)  5.9: the downside prevails as long as 6.78 is resistance.
Southwestern Energy (SWN)  3.8: the downside prevails as long as 4.42 is resistance.
Endo International (ENDP)  10.2: short term rebound towards 13.4.
Costco Wholesale (COST)  207.1: the downside prevails as long as 226.9 is resistance.
  Indices Last   %1D   %5D   %1M  
  S&P 500 2,600.0   -1.91   -1.26   -4.98   
  S&P 100 1,153.6   -2.09   -1.20   -4.95   
  Dow Jones 24,100.5   -2.02   -1.18   -5.17   
  Dow Jones Transportation 9,514.1   -1.64   -4.39   -10.11   
  Dow Jones Utility 757.9   -0.22   +0.58   +3.90   
  Nasdaq Composite 6,910.7   -2.26   -0.84   -4.65   
  NYSE Arca Major Market 2,430.9   -2.26   -1.34   -4.54   
  NYSE Composite 11,755.4   0.00   -1.08   -5.01   
  Russell 2000 1,410.8   0.00   0.00   0.00   
  10-Year US T-note 28.9   -0.69   +1.44   -5.95   
  Comments
US indices closed lower as the Dow plunged by appx. 500 pts to finish the week on Friday. Shares in the Pharmaceuticals, Biotechnology & Life Sciences (-3.93%), Food & Staples Retailing (-3.79%) and Technology Hardware & Equipment (-2.93%) sectors were under pressure. On the economic data front, retail sales improved by 0.2% MoM in November (estimated 0.1%) from a rise of 1.1% in October. In other news, industrial production rose by 0.6% MoM in November (forecasted 0.3%) compared to a decline of 0.2% a month earlier. Capacity utilization slightly improved to 78.5% in November (expected 78.6%) vs. 78.1% in October. Also, Markit US composite PMI declined to 53.6 in a preliminary estimate in December vs. 54.7 in November while Markit US services PMI decreased to 53.4 in a preliminary estimate in December from 54.7 in the prior month. Finally, Markit US manufacturing PMI declined to 53.9 in a preliminary estimate in December (estimated 55) vs. 55.3 in the previous month. The S&P 500 (2,599.95) remains below its 20d moving average (2,683.72 - negative slope) and 50d moving average (2,729.51 - negative slope).
Technical Recap of Today's Picks
  Intraday Strategies
Schlumberger intraday: the downside prevails as long as 39.7 is resistance
Our pivot point stands at 39.7.

Our preference: the downside prevails as long as 39.7 is resistance.

Alternative scenario: above 39.7, look for 40.4 and 40.8.

Comment: the RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Schlumberger is trading under both its 20 and 50 period MA (respectively at 39.7 and 40.66). The Schlumberger is currently trading near its 52 week low at 38.82 reached on 14/12/18.

Chart
Bank of New York Mellon intraday: the upside prevails as long as 48.3 is support
Our pivot point stands at 48.3.

Our preference: the upside prevails as long as 48.3 is support.

Alternative scenario: below 48.3, expect 47.8 and 47.5.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Bank of New York Mellon is trading above both its 20 and 50 period MA (respectively at 48.49 and 48.32).

Chart
  Short Term Strategies
Consumer Discretionary Select Sector SPDR ST: the downside prevails as long as 107.6 is resistance
Our pivot point stands at 107.6.

Our preference: the downside prevails as long as 107.6 is resistance.

Alternative scenario: the upside breakout of 107.6 would call for 112.2 and 114.9.

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 stock is trading under both its 20 and 50 day MA (respectively at 104.93 and 106.82). Consumer Discretionary Select Sector SPDR is currently trading near its 52 week low at 97.1 reached on 09/02/18.

Chart
Industrial Select Sector SPDR ST: the downside prevails as long as 70.1 is resistance
70.1 is our pivot point.

Our preference: the downside prevails as long as 70.1 is resistance.

Alternative scenario: above 70.1, look for 72.8 and 74.5.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 70.06 and 71.75). Industrial Select Sector SPDR is currently trading near its 52 week low at 66.7 reached on 10/12/18.

Chart
Oasis Petroleum ST: the RSI is oversold
Our pivot point is at 6.78.

Our preference: the downside prevails as long as 6.78 is resistance.

Alternative scenario: the upside breakout of 6.78 would call for 7.5 and 7.92.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 7.24 and 9.52). Oasis Petroleum is currently trading near its 52 week low at 5.85 reached on 14/12/18.

Chart
Southwestern Energy ST: the RSI is oversold
Our pivot point stands at 4.42.

Our preference: the downside prevails as long as 4.42 is resistance.

Alternative scenario: above 4.42, look for 4.76 and 4.97.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 4.74 and 5.18).

Chart
Endo International ST: the RSI is oversold
Our pivot point is at 9.2.

Our preference: short term rebound towards 13.4.

Alternative scenario: below 9.2, expect 8 and 7.3.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 11.87 and 14.65). Finally, Endo International has penetrated its lower daily Bollinger band (10.55).

Chart
Costco Wholesale ST: below its lower Bollinger band
Our pivot point stands at 226.9.

Our preference: the downside prevails as long as 226.9 is resistance.

Alternative scenario: the upside breakout of 226.9 would call for 237 and 242.9.

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 225.49 and 227.44). Finally, Costco Wholesale has penetrated its lower daily Bollinger band (212.79).

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 56.82 -0.19 1.68
Materials XLB 51.32 -0.77 1.09
Financial XLF 24.24 -0.98 0.88
Industrial XLI 67.05 -1.38 0.47
Consumer Discretionary XLY 102.33 -1.66 0.19
Consumer Staples XLP 54.5 -1.7 0.15
Energy XLE 62.09 -2.28 -0.44
Technology XLK 64.57 -2.45 -0.61
Health Care XLV 88.96 -3.37 -1.55
5 day relative performance (%)
Sector Ticker Last %Chg SPY
Utilities XLU 56.82 0.64 1.84
Technology XLK 64.57 -0.05 1.14
Consumer Staples XLP 54.5 -0.4 0.78
Consumer Discretionary XLY 102.33 -1.01 0.17
Materials XLB 51.32 -1.14 0.04
Industrial XLI 67.05 -1.44 -0.27
Health Care XLV 88.96 -1.77 -0.6
Energy XLE 62.09 -3.09 -1.94
Financial XLF 24.24 -3.46 -2.32
1 month relative performance (%)
Sector Ticker Last %Chg SPY
Utilities XLU 56.82 3.53 8.81
Consumer Staples XLP 54.5 -2.78 2.17
Health Care XLV 88.96 -3.35 1.57
Consumer Discretionary XLY 102.33 -3.8 1.1
Technology XLK 64.57 -5.34 -0.52
Industrial XLI 67.05 -6.86 -2.12
Materials XLB 51.32 -7.1 -2.37
Energy XLE 62.09 -7.58 -2.87
Financial XLF 24.24 -9.52 -4.91
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
Scana Corp SCG 51.0 6.3 6.5
Dominion Resourc. D 76.9 1.14 1.34
Alliant Energy LNT 45.3 -1.73 -1.54
PGE Corp PCG 26.0 -1.89 -1.7
Financial (XLF)
Bank of New York. BK 48.7 1.21 2.21
Principal Financ. PFG 43.6 0.86 1.85
Brighthouse Fina. BHF 31.9 -3.39 -2.43
Jefferies Financ. JEF 17.6 -4.23 -3.29
5 day relative performance (%)
Utilities (XLU) Ticker Last %Chg vs sector
Scana Corp SCG 51.0 8.79 8.1
NRG Energy NRG 42.3 4.42 3.75
Alliant Energy LNT 45.3 -1.13 -1.76
PPL Corporation PPL 30.6 -1.61 -2.23
Financial (XLF)
Bank of New York. BK 48.7 2.01 5.67
MSCI MSCI 150 0.47 4.07
Keycorp KEY 15.1 -9.56 -6.32
Regions Financia. RF 13.5 -9.6 -6.35
1 month relative performance (%)
Utilities (XLU) Ticker Last %Chg vs sector
Scana Corp SCG 51.0 18.67 14.62
Edison Internati. EIX 59.6 9.53 5.79
DTE Energy DTE 118 -0.68 -4.07
PPL Corporation PPL 30.6 -0.78 -4.17
Financial (XLF)
Everest Re RE 215 -0.52 9.95
Cincinnati Finan. CINF 79.4 -1.05 9.36
Brighthouse Fina. BHF 31.9 -19.33 -10.84
SVB Financial Gr. SIVB 192 -20.17 -11.77
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.
AT&T T 30.22 1.04 Bullish engulfing 29.83
Bank of New Y. BK 48.67 1.21 Bullish engulfing 47.59
Blackrock BLK 382.3 -1.28 Inverted hammer 380.64
Booking Holdi. BKNG 1807.14 -1.41 Inverted hammer 1796.54
Caterpillar CAT 126.77 0.69 Bullish engulfing 123.42
Citigroup C 55.02 -1.34 Inverted hammer 54.63
Comcast CMCSA 36.34 -1.14 Inverted hammer 36.18
General Dynam. GD 168.97 -1.19 Inverted hammer 168.54
Bearish Patterns
Berkshire Hat. BRK/B 200 -0.07 Evening star 53.94
Bristol-Myers. BMY 52.12 -2.83 Evening star 53.94
Intel INTC 47.86 -0.89 Shooting star 48.76
Merck & Co MRK 76.48 -3.20 Evening star 79.08
NetFlix NFLX 266.84 -3.33 Evening star 279.32
QUALCOMM QCOM 57.62 -0.81 Shooting star 59
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
Bullish Alerts
Schlumberger SLB 41.24 -4.68 Lower Bollinger cross under
Halliburton HAL 28.8 -3.04 Lower Bollinger cross under
Occidental Petro. OXY 64.7 -2.37 Lower Bollinger cross under
Morgan Stanley MS 40.62 -2.36 Lower Bollinger cross under
Capital One Fina. COF 81.36 -2.06 Lower Bollinger cross under
DowDuPont DWDP 53.26 -1.86 Lower Bollinger cross under
Honeywell HON 136.81 -1.71 Lower Bollinger cross under
Fedex FDX 189.65 -1.64 Lower Bollinger cross under
Allstate ALL 82.49 -1.60 Lower Bollinger cross under
MetLife MET 39.23 -1.59 Lower Bollinger cross under
  Economic Releases
US 08:30: Dec Empire Manufacturing, exp.: 20.4
US 16:00: Oct Total Net TIC Flows
US 16:00: Oct Net Long-term TIC Flows
  Corporate Events
Expected results today
Oracle (ORCL) Q2, Red Hat (RHT) Q3
Ex-dividends today
Ecolab (ECL): $0.46, Eversource Energy (ES): $0.505, Huntington Bancshares (HBAN): $0.14, Linde (LIN): $0.825, Prologis (PLD): $0.48, PulteGroup (PHM): $0.11, Total System Services (TSS): $0.13
After Hours
No major after-market news.


Why Open an Account at SogoTrade?
100 Free Trades
Open a new account, and get 100 FREE trades.
Good for 30 days from your account open date.
Easy Online Account Transfer (ACAT)
Transfer your account online from any brokerage into your new SogoTrade account. One keystroke and done.
Trade Stocks Online For As Low As $2.88
Transfer or deposit $10,000 into your new account and trade stocks online for $2.88 per trade, good for 12 months
Fast and Easy Online Apply
No paperwork. No mail. Open an account in 5 minutes or less!
Apply now!
FREE Trade Ideas Power Pack
Saving you over $1,000!
SogoPlay . Morning Call . SogoForecaster . ValuEngine

Refer your friend - Earn 25 Free Trades

*SogoTrade's online equity base commission rate is $4.88 / trade. Clients who average 50+ trades / month (for previous 3 months) will receive $2.88 stock trades.
**Restrictions apply. For details, visite www.sogotrade.com
© 2018 SogoTrade, Inc. member of FINRA and SIPC.
    


All quotes are based on the closing price as of Friday, December 14, 2018



SogoTrade, Inc. Disclaimer

The information and content provided in this report is neither an offer nor a recommendation to buy or sell securities or other financial products by SogoTrade, Inc. or its affiliates. It is for educational or informational purposes only and is not intended to be used as a complete source of information on any particular investment. Each customer of SogoTrade is fully responsible for their own investment decisions and the information contained within this report does not represent any advice, opinion or recommendation on the part of SogoTrade with respect to suitability or profitability of any particular investment.

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

Services in the U.S. are offered through TRADING Central Americas, Inc. SEC Registered Investment Adviser (IARD/CRD 801-67210)

This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.
Click here to unsubscribe from this newsletter