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US MARKETS Monday, June 24, 2019
  Our Preferred Strategy for Today's Spotlight Stocks: UNH, PYPL, XLK, IYR, WLL, MU, KR, WFC
UnitedHealth (UNH)  252.3: the upside prevails as long as 250.84 is support.
PayPal (PYPL)  116.2: the downside prevails as long as 116.99 is resistance.
Technology Select Sector SPDR (XLK)  75.1: the upside prevails as long as 76 is support.
iShares Dow Jones US Real Estate (IYR)  89.7: the upside prevails as long as 87.9 is support.
Whiting Petroleum (WLL)  17.5: short term rebound towards 22.1.
Micron Technology (MU)  33.3: short term rebound towards 38.1.
Kroger (KR)  22.2: the downside prevails as long as 23.9 is resistance.
Wells Fargo (WFC)  46.9: our next up target stands at 49.7.
  Indices Last   %1D   %5D   %1M  
  S&P 500 2,950.5   -0.13   +2.20   +4.40   
  S&P 100 1,304.4   -0.05   +2.35   +4.29   
  Dow Jones 26,719.1   -0.13   +2.41   +4.43   
  Dow Jones Transportation 10,352.5   -0.58   +0.46   +2.12   
  Dow Jones Utility 826.3   +0.54   +1.32   +2.69   
  Nasdaq Composite 8,031.7   -0.24   +3.01   +5.17   
  NYSE Arca Major Market 2,735.8   -0.21   +2.49   +4.91   
  NYSE Composite 13,047.2   +0.03   +2.18   +3.93   
  Russell 2000 1,549.6   0.00   0.00   0.00   
  10-Year US T-note 20.7   +3.35   -1.19   -11.02   
  Comments
U.S. indices closed slightly lower after reaching a record high earlier in the day on Friday pressured by shares in the Real Estate (-1.1%), Consumer Services (-0.88%) and Insurance (-0.78%) sectors. On the economic data front, Market Manufacturing PMI dropped to 50.1 for June in preliminary estimates (estimated 50.5) from 50.5 in the prior month. Also, existing home sales rose to annualized rate of 5.34M in May (estimated 5.30M) from 5.21M in the previous month. The S&P 500 (2,950.46) stays above its 20d moving average (2,855.63 - positive slope) and its 50d moving average (2,878.03 - positive slope).
Technical Recap of Today's Picks
  Intraday Strategies
UnitedHealth Group intraday: the upside prevails as long as 250.84 is support
Our pivot point is at 250.84.

Our preference: the upside prevails as long as 250.84 is support.

Alternative scenario: below 250.84, expect 249.01 and 247.92.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. UnitedHealth Group is trading above both its 20 and 50 period MA (respectively at 250.41 and 249.74).

Chart
PayPal intraday: the downside prevails as long as 116.99 is resistance
Our pivot point is at 116.99.

Our preference: the downside prevails as long as 116.99 is resistance.

Alternative scenario: above 116.99, look for 117.99 and 118.58.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. PayPal is trading under both its 20 and 50 period MA (respectively at 117.1 and 117).

Chart
  Short Term Strategies
Technology Select Sector SPDR ST: the upside prevails as long as 76 is support
76 is our pivot point.

Our preference: the upside prevails as long as 76 is support.

Alternative scenario: the downside breakout of 76 would call for 72.9 and 71.1.

Comment: the RSI is above 50. 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 75.25 and 76.16). Technology Select Sector SPDR is currently trading near its 52 week high reached at 79.7 on 01/05/19.

Chart
iShares Dow Jones US Real Estate ST: the upside prevails as long as 87.9 is support
Our pivot point is at 87.9.

Our preference: the upside prevails as long as 87.9 is support.

Alternative scenario: the downside breakout of 87.9 would call for 86.2 and 85.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 88.68 and 87.55). iShares Dow Jones US Real Estate is currently trading near its 52 week high reached at 91.11 on 20/06/19.

Chart
Whiting Petroleum ST: short term rebound towards 22.1
Our pivot point stands at 15.6.

Our preference: short term rebound towards 22.1.

Alternative scenario: the downside breakout of 15.6 would call for 13.7 and 12.6.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 17.81 and 22.51).

Chart
Micron Technology ST: gap
31 is our pivot point.

Our preference: short term rebound towards 38.1.

Alternative scenario: below 31, expect 28.7 and 27.3.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 33.55 and 37.58).

Chart
Kroger ST: below its lower Bollinger band
Our pivot point stands at 23.9.

Our preference: the downside prevails as long as 23.9 is resistance.

Alternative scenario: above 23.9, look for 24.8 and 25.3.

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 below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 23.67 and 24.63). Finally, Kroger is trading below its lower daily Bollinger band (standing at 22.28). Kroger is currently trading near its 52 week low at 22.2 reached on 21/06/19.

Chart
Wells Fargo ST: above its upper Bollinger band
Our pivot point stands at 44.6.

Our preference: our next up target stands at 49.7.

Alternative scenario: below 44.6, expect 43.1 and 42.2.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 45.62 and 46.52). Finally, Wells Fargo has crossed above its upper daily Bollinger band (46.84).

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
Health Care XLV 93.73 0.05 0.69
Energy XLE 63.56 -0.19 0.44
Utilities XLU 60.99 -0.41 0.22
Financial XLF 27.22 -0.73 -0.1
Consumer Discretionary XLY 119.52 -0.81 -0.18
Technology XLK 78.31 -0.82 -0.2
Materials XLB 57.67 -0.91 -0.28
Industrial XLI 77.08 -0.96 -0.34
Consumer Staples XLP 58.72 -1.08 -0.45
5 day relative performance (%)
Sector Ticker Last %Chg SPY
Energy XLE 63.56 4.18 2.5
Technology XLK 78.31 2.9 1.25
Health Care XLV 93.73 2.72 1.06
Industrial XLI 77.08 2.21 0.57
Consumer Discretionary XLY 119.52 0.87 -0.76
Utilities XLU 60.99 0.3 -1.32
Financial XLF 27.22 -0.07 -1.68
Materials XLB 57.67 -0.35 -1.95
Consumer Staples XLP 58.72 -0.63 -2.23
1 month relative performance (%)
Sector Ticker Last %Chg SPY
Materials XLB 57.67 7.21 3.12
Technology XLK 78.31 6.83 2.76
Consumer Discretionary XLY 119.52 5.37 1.35
Health Care XLV 93.73 4.66 0.66
Industrial XLI 77.08 4.47 0.49
Energy XLE 63.56 3.15 -0.79
Consumer Staples XLP 58.72 2.09 -1.81
Utilities XLU 60.99 1.94 -1.95
Financial XLF 27.22 1.34 -2.53
Stocks performance within sectors  - Find out which stocks are performing the best and worst within the ETF sectors.
1 day relative performance (%)
Energy (XLE) Ticker Last %Chg vs sector
Valero Energy VLO 81.9 2.71 2.9
Diamondback Ener. FANG 110 2.05 2.24
Occidental Petro. OXY 50.6 -1.35 -1.16
National Oilwell. NOV 21.3 -1.84 -1.66
Consumer Staples (XLP)
Philip Morris In. PM 79.2 2.64 3.76
Kraft Heinz KHC 31.5 1.12 2.23
Kroger KR 22.2 -3.85 -2.8
Altria MO 48.0 -4.5 -3.46
5 day relative performance (%)
Energy (XLE) Ticker Last %Chg vs sector
Diamondback Ener. FANG 110 10.96 6.5
Marathon Petrole. MPC 52.7 9.8 5.39
Anadarko Petrole. APC 70.3 0.69 -3.35
Cabot Oil & Gas COG 23.4 -1.43 -5.38
Consumer Staples (XLP)
Monster Beverage MNST 63.8 3.99 4.65
Kraft Heinz KHC 31.5 3.86 4.51
Altria MO 48.0 -5.62 -5.03
Kroger KR 22.2 -8.33 -7.75
1 month relative performance (%)
Energy (XLE) Ticker Last %Chg vs sector
TechnipFMC FTI 24.9 12.9 9.46
Phillips 66 PSX 90.6 9.21 5.88
Cabot Oil & Gas COG 23.4 -8.83 -11.62
Cimarex Energy XEC 56.7 -11.45 -14.16
Consumer Staples (XLP)
Estee Lauder EL 181 9.78 7.53
Campbell Soup CPB 40.7 8.42 6.2
Constellation Br. STZ 184 -7.52 -9.41
Altria MO 48.0 -8.4 -10.27
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.
Corteva CTVA 27.21 Piercing line 26.87
Merck & Co MRK 84.57 -0.04 Hammer 83.64
Simon Propert. SPG 164.09 -0.46 Hammer 162.11
Verizon Commu. VZ 57.77 0.75 Piercing line 57.09
Bearish Patterns
Accenture ACN 185.56 -0.07 Dark cloud cover 187.1
AIG AIG 53.65 -1.11 Bearish engulfing 54.64
Apple AAPL 198.78 -0.34 Shooting star 200.85
Bank of New Y. BK 43.41 0.67 Shooting star 44.06
Capital One F. COF 91.52 -0.12 Bearish engulfing 91.73
Citigroup C 67.97 -0.19 Shooting star 68.96
Coca-Cola KO 51.55 -0.21 Shooting star 51.89
Costco Wholes. COST 266.13 -0.46 Shooting star 268.94
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
Oracle ORCL 56.12 -1.53 Upper Bollinger crossover
Home Depot HD 209.39 -0.88 20D/50D MA crossover
AbbVie ABBV 78.78 0.56 50D MA crossover
Blackrock BLK 468.24 0.57 Upper Bollinger crossover
Celgene CELG 98.91 0.79 Upper Bollinger crossover
Bristol-Myers Sq. BMY 49.34 0.92 Upper Bollinger crossover
Kraft Heinz KHC 31.48 1.12 50D MA crossover
Amgen AMGN 187.11 1.65 Upper Bollinger crossover
Schlumberger SLB 38.88 1.65 Upper Bollinger crossover
Biogen Idec BIIB 239.09 1.75 Upper Bollinger crossover
Bullish Alerts
Allstate ALL 101.21 -2.26 RSI14 - 70 cross under
UPS UPS 102.17 -1.19 50D MA cross under
Starbucks SBUX 83.82 -1.03 RSI14 - 70 cross under
Lockheed Martin LMT 359.36 -0.95 RSI14 - 70 cross under
Berkshire Hathaw. BRK/B 206.21 -0.88 50D MA cross under
Walgreens Boots . WBA 52.45 -0.81 50D MA cross under
Simon Property SPG 164.09 -0.46 20D MA cross under
CVS Health CVS 53.65 -0.41 20D MA cross under
  Economic Releases
US 08:30: May Chicago Fed National Activity Idx, exp.: -37%
US 10:30: Jun Dallas Fed Manufacturing Idx, exp.: 4.8
US 11:30: 6-Mth Bill auction
US 11:30: 3-Mth Bill auction
  Corporate Events
Expected results today
No major earnings report expected
Ex-dividends today
None
After Hours
There was no major news to report.


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All quotes are based on the closing price as of Friday, June 21, 2019



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