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US MARKETS Tuesday, March 19, 2019
  Our Preferred Strategy for Today's Spotlight Stocks: FDX, BA, XLU, IWV, SWN, GE, EDU, CMG
Fedex (FDX)  182.4: the upside prevails as long as 180.7 is support.
Boeing (BA)  372.3: short term rebound towards 384.1.
Utilities Select Sector SPDR (XLU)  51.9: as long as 57.2 is support look for 59.8.
iShares Russell 3000 (IWV)  167.5: as long as 164.6 is support look for 172.7.
Southwestern Energy (SWN)  4.5: as long as 4.01 is support look for 5.26.
General Electric (GE)  10.2: as long as 9.3 is support look for 11.9.
New Oriental Edu ADR (EDU)  79.1: as long as 74.1 is support look for 86.6.
Chipotle Mexican Grill (CMG)  655.8: the upside prevails as long as 612 is support.
  Indices Last   %1D   %5D   %1M  
  S&P 500 2,832.9   +0.37   +1.78   +1.91   
  S&P 100 1,252.1   +0.37   +1.83   +2.64   
  Dow Jones 25,914.1   +0.25   +1.03   +0.09   
  Dow Jones Transportation 10,414.4   +1.01   +0.98   -1.91   
  Dow Jones Utility 776.8   -0.33   +0.73   +4.52   
  Nasdaq Composite 7,714.5   +0.34   +2.07   +3.04   
  NYSE Arca Major Market 2,633.3   -0.19   +0.05   +0.16   
  NYSE Composite 12,781.4   0.00   +1.64   +1.51   
  Russell 2000 1,563.9   0.00   0.00   0.00   
  10-Year US T-note 26.0   +0.35   -1.55   -1.70   
  Comments
US indices closed higher on Monday, lifted by shares in the Energy (+1.39%), Retailing (+1.36%) and Banks (+1.31%) sectors. On the economic data front, the NAHB housing market index remained unchanged at 62 in March (estimated 63).

The S&P 500 (2,832.94) stays above both its 20d moving average (2,789.91 - positive slope) and 50d moving average (2,712.78 - positive slope).
Technical Recap of Today's Picks
  Intraday Strategies
Fedex intraday: the upside prevails as long as 180.7 is support
180.7 is our pivot point.

Our preference: the upside prevails as long as 180.7 is support.

Alternative scenario: the downside breakout of 180.7 would call for 178.4 and 177.1.

Comment: the RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Fedex is trading above both its 20 and 50 period MA (respectively at 180.27 and 179.65).

Chart
Boeing intraday: short term rebound towards 384.1
Our pivot point stands at 367.1.

Our preference: short term rebound towards 384.1.

Alternative scenario: below 367.1, expect 360.4 and 356.5.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Boeing stands below its 20 and 50 period MA (respectively at 373.55 and 374.25).

Chart
  Short Term Strategies
Utilities Select Sector SPDR ST: as long as 57.2 is support look for 59.8
Our pivot point is at 57.2.

Our preference: as long as 57.2 is support look for 59.8.

Alternative scenario: below 57.2, expect 56.4 and 55.9.

Comment: the RSI is above its neutrality area at 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 57.29 and 55.29). Utilities Select Sector SPDR is currently trading near its 52 week high reached at 58.74 on 14/03/19.

Chart
iShares Russell 3000 ST: as long as 164.6 is support look for 172.7
Our pivot point stands at 164.6.

Our preference: as long as 164.6 is support look for 172.7.

Alternative scenario: the downside breakout of 164.6 would call for 161.7 and 160.1.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 165.05 and 160.12). iShares Russell 3000 is currently trading near its 52 week high reached at 174.73 on 21/09/18.

Chart
Southwestern Energy ST: as long as 4.01 is support look for 5.26
Our pivot point is at 4.01.

Our preference: as long as 4.01 is support look for 5.26.

Alternative scenario: the downside breakout of 4.01 would call for 3.62 and 3.39.

Comment: the RSI is above its neutrality area at 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 4.4 and 4.3).

Chart
General Electric ST: as long as 9.3 is support look for 11.9
Our pivot point is at 9.3.

Our preference: as long as 9.3 is support look for 11.9.

Alternative scenario: the downside breakout of 9.3 would call for 8.4 and 7.9.

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 10 and 9.4).

Chart
New Oriental Edu ADR ST: as long as 74.1 is support look for 86.6
Our pivot point stands at 74.1.

Our preference: as long as 74.1 is support look for 86.6.

Alternative scenario: the downside breakout of 74.1 would call for 70 and 67.6.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day MA (80.18) but above its 50 day MA (74.66).

Chart
Chipotle Mexican Grill ST: the RSI is overbought
612 is our pivot point.

Our preference: the upside prevails as long as 612 is support.

Alternative scenario: below 612, expect 574 and 551.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 615.48 and 567.01). Finally, Chipotle Mexican Grill has crossed above its upper daily Bollinger band (649.88). Chipotle Mexican Grill is currently trading near its 52 week high reached at 656.59 on 18/03/19.

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
Energy XLE 66.42 1.39 1.02
Financial XLF 26.9 1.01 0.65
Industrial XLI 74.71 0.97 0.61
Consumer Discretionary XLY 111.67 0.97 0.6
Technology XLK 73.3 0.42 0.06
Materials XLB 55.53 0.23 -0.13
Consumer Staples XLP 54.78 0.15 -0.22
Health Care XLV 91.85 -0.15 -0.51
Utilities XLU 57.97 -0.38 -0.74
5 day relative performance (%)
Sector Ticker Last %Chg SPY
Technology XLK 73.3 2.79 1.37
Financial XLF 26.9 2.52 1.1
Energy XLE 66.42 2.34 0.93
Consumer Discretionary XLY 111.67 1.61 0.21
Health Care XLV 91.85 1.58 0.18
Consumer Staples XLP 54.78 0.68 -0.71
Materials XLB 55.53 0.04 -1.34
Utilities XLU 57.97 0.02 -1.36
Industrial XLI 74.71 -0.25 -1.63
1 month relative performance (%)
Sector Ticker Last %Chg SPY
Technology XLK 73.3 5.26 3.59
Utilities XLU 57.97 3.44 1.8
Financial XLF 26.9 1.62 0.01
Materials XLB 55.53 1.3 -0.31
Consumer Discretionary XLY 111.67 1.05 -0.55
Consumer Staples XLP 54.78 0.27 -1.32
Energy XLE 66.42 0.15 -1.44
Health Care XLV 91.85 -0.84 -2.42
Industrial XLI 74.71 -1.26 -2.82
Stocks performance within sectors  - Find out which stocks are performing the best and worst within the ETF sectors.
1 day relative performance (%)
Technology (XLK) Ticker Last %Chg vs sector
Fortinet FTNT 84.5 1.5 1.07
Gartner IT 147 1.5 1.07
Flir Systems FLIR 49.2 -1.79 -2.21
IPG Photonics Co. IPGP 150 -2.68 -3.09
Industrial (XLI)
Fedex FDX 182 2.48 1.5
General Electric GE 10.2 2.41 1.42
United Continent. UAL 80.7 -1.18 -2.13
Boeing BA 372 -1.77 -2.72
5 day relative performance (%)
Technology (XLK) Ticker Last %Chg vs sector
Broadcom AVGO 294 9.21 6.24
Arista Networks ANET 299 6.17 3.29
Western Digital WDC 48.3 -2.76 -5.4
F5 Networks FFIV 154 -4.77 -7.35
Industrial (XLI)
Quanta Services PWR 37.4 4.24 4.5
TransDigm TDG 449 3.74 4.01
Lockheed Martin LMT 298 -2.22 -1.97
Boeing BA 372 -6.93 -6.7
1 month relative performance (%)
Technology (XLK) Ticker Last %Chg vs sector
Cadence Design S. CDNS 61.1 16 10.2
Arista Networks ANET 299 10.99 5.45
F5 Networks FFIV 154 -9.1 -13.64
HP HPQ 20.0 -14.19 -18.48
Industrial (XLI)
Copart CPRT 59.1 10.82 12.23
Xylem XYL 78.3 6.92 8.28
Southwest Airlin. LUV 51.1 -11.43 -10.3
Alaska Air Group ALK 55.8 -13.55 -12.45
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.
3M MMM 208.49 0.20 Hammer 205.61
Lockheed Mart. LMT 297.64 0.50 Piercing line 295.87
Lowe's LOW 101.88 1.74 Bullish engulfing 99.99
Bearish Patterns
Abbott Labora. ABT 78.83 -0.07 Bearish engulfing 79.95
AIG AIG 44.28 0.54 Shooting star 44.68
Colgate Palmo. CL 66.29 -1.35 Bearish engulfing 67.25
Danaher DHR 128.07 -0.48 Bearish engulfing 128.81
DowDuPont DWDP 55.21 -0.13 Dark cloud cover 55.3
Duke Energy DUK 90.06 -0.65 Bearish engulfing 90.86
Exelon EXC 49.67 -0.66 Dark cloud cover 50.01
Gilead Scienc. GILD 65.02 -0.93 Dark cloud cover 65.79
Neutral Patterns
Alphabet Clas. GOOG 1184.26 -0.02 Doji 1196.57
 
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
AbbVie ABBV 80.65 -0.85 20D MA crossover
Texas Instrument. TXN 109.81 -0.84 MACD signal line crossover
McDonald's MCD 183.95 -0.74 MACD signal line crossover
Nvidia NVDA 168.95 -0.51 MACD signal line crossover
Intel INTC 54.1 -0.42 20D MA crossover
General Motors GM 37.98 -0.24 20D/50D MA crossover
JPMorgan Chase JPM 107.19 0.60 Upper Bollinger crossover
Home Depot HD 183.42 0.65 50D MA crossover
MetLife MET 45.72 0.90 MACD signal line crossover
Morgan Stanley MS 44.03 1.62 Upper Bollinger crossover
Bullish Alerts
Walt Disney DIS 113.12 -1.60 20D MA cross under
Colgate Palmoliv. CL 66.29 -1.35 MACD signal line cross under
Abbott Laborator. ABT 78.83 -1.29 MACD signal line cross under
PayPal PYPL 100.27 -0.46 RSI14 - 70 cross under
Mondelez Interna. MDLZ 48.04 0.50 MACD signal line cross under
Caterpillar CAT 134.1 1.08 MACD zero line cross under
Wal-Mart WMT 99.66 1.26 MACD signal line cross under
Blackrock BLK 440.48 1.60 MACD signal line cross under
Occidental Petro. OXY 67.01 2.35 MACD zero line cross under
  Economic Releases
US 10:00: Jan Factory Orders ex Transportation
US 10:00: Jan Factory Orders MoM, exp.: 0.3%
  Corporate Events
Expected results today
Fedex (FDX) Q3
Ex-dividends today
Best Buy (BBY): $0.5, Cincinnati Financial (CINF): $0.56, Kohl's (KSS): $0.67, Lam Research (LRCX): $1.1, Seagate Technology (STX): $0.63, Tiffany & Co (TIF): $0.55
After Hours
Boeing (BA) issued a statement saying it will soon "release a software update and related pilot training for the 737 MAX that will address concerns discovered in the aftermath of the Lion Air Flight 610 accident".

Netflix (NFLX) will not be participating in Apple's (AAPL) streaming platform, according to CEO Reed Hastings cited by Bloomberg.


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All quotes are based on the closing price as of Monday, March 18, 2019



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