Tag: RSI Overbought

Key questions this week.

S&P 500 is very close it’s all time intraday high of 3,393.52 in Feb.  Will the market face resistance at this level or will break through this week?

Economic stimulus package negotiations are still going on between the Republicans and Democrats.  Will this be the week the stimulus is passed?

Retails sales numbers announced last week.

“Retail trade sales were up 0.8 percent (± 0.5 percent) from June 2020, and 5.8 percent (± 0.7 percent) above last year. Non-store retailers were up 24.7 percent (± 1.4 percent) from July 2019, while food and beverage stores were up 11.1 percent (± 0.9 percent) from last year.” – US Department of Commerce (ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES, JULY 2020)

Some big companies from the retails industry will report their earnings this week.

Click on the ticker links below for earnings estimates and whispers on expected earnings.

Date	Ticker
Monday, August 17, 2020	JD.com(JD)
Tuesday, August 18, 2020	Amcor plc(AMCR), Home Depot(HD), Vedanta Ltd(VEDL), Wal-Mart(WMT)
Wednesday, August 19, 2020	Lowes Cos.(LOW), TJX Companies Inc.(TJX)
Thursday, August 20, 2020	Alibaba(BABA)
Friday, August 21, 2020	Pinduoduo Inc.(PDD)

The following is a list of stocks for the week of Aug 10, 2020 – Aug 14, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker

Company Name

Date

Chart Type

RSI

The bearish matches – Overbought RSI

Ticker	Company Name	Date	Chart Type	RSI
SRNE	Sorrento Therpt	Aug 10, 2020	Deliberation	89.11
WAB	Westinghouse Air Brake	Aug 10, 2020	Deliberation	71.89
GLIBA	Gci Liberty Inc. Cl A	Aug 10, 2020	Belt Hold	72.85
TXT	Textron Inc.	Aug 11, 2020	Dark Cloud Cover	72.98
TKR	Timken	Aug 11, 2020	Shooting Star	72.61
CW	Curtiss-Wright	Aug 12, 2020	Upside Gap Two Crows	73.6
DCI	Donaldson	Aug 12, 2020	Hanging Man	75.48

 

Total corona virus cases pass 5 million in the US stretching its lead in the world as the number one country in terms of infections.

President Trump extended unemployment benefits of $400/week.  This is a $200 reduction from the previous benefit that expired on Aug 1st.

US Inflation report is set to be released this week on Aug 12, 2020.  The pandemic and state the economy will ensure that inflation remains low in the US.

July retail sales numbers will be released by the commerce department this week.  In June the numbers increased above expectations.  How will it be in July?

Earnings season continues.  Here are some of the big companies that will report their Q2 earnings this week.

Click on the ticker links below for earnings estimates and whispers on expected earnings.

Date	Tickers
Monday, August 10, 2020	Duke Energy(DUK),Occidental Petroleum(OXY),PPL Corp.(PPL), Randgold Resources(GOLD)
Tuesday, August 11, 2020	NIO(NIO)
Wednesday, August 12, 2020	Cisco(CSCO),BRF S.A.(BRFS), Ultrapar Participacoes(UGP)
Thursday, August 13, 2020	Applied Materials, Inc.(AMAT), Brookfield Asset Management(BAM),Vedanta Ltd(VEDL), IQIYI, INC. ADS(IQ)

The following is a list of stocks for the week of Aug 03, 2020 – Aug 07, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker	Company Name	Date	Chart Type	RSI
STRA	Strayer Education	Aug 06, 2020	Engulfing	27.83

The bearish matches – Overbought RSI

Ticker	Company Name	Date	Chart Type	RSI
LPSN	Liveperson	Aug 05, 2020	Deliberation	80.62
PDCO	Patterson Companies	Aug 05, 2020	Hanging Man	77.74
FRPT	Freshpet	Aug 05, 2020	Upside Gap Two Crows	73.84
VSLR	Vivint Solar Inc	Aug 06, 2020	Deliberation	77.94
PDCO	Patterson Companies	Aug 06, 2020	Hanging Man	74.65
TWST	Twist Bioscience Corp	Aug 06, 2020	Dark Cloud Cover	70.08
HCM	Hutchison China MediTech Ltd.	Aug 06, 2020	Deliberation	72.6
PFSI	PennyMac Financial	Aug 07, 2020	Belt Hold	81.52

 

Covid-19 rates continue to decline in some states but in others mainly in CA they continue to rise.  How has the job market reacted to this?  We’ll know this Friday as July’s job will be released on Friday Aug 7, 2020 by the US Labor Department.

Congress in the meantime continues to debate the next stimulus package.  Democrats want a $3T package and extension to the $600/Week unemployment benefits as the 1st one expired last Friday.  Republicans want a $1T package but limitations on the extension to the unemployment benefits.  The decision is supposed to be between Aug 10 – Sept 6.  Will both parties close the gap in their relief packages and reach a decision by then?

Earnings season continues.  Here are some of the big companies that will report their Q2 earnings this week.

Click on the ticker links below for earnings estimates and whispers on expected earnings.

Date	Tickers
Monday, August 3, 2020	MPLX(Mplx Lp) AIG(American International Group, Inc.)
Tuesday, August 4, 2020	ATVI(Activision Blizzard) DIS(Disney)
Wednesday, August 5, 2020	CVS(CVS Caremark Corp.) ADT(ADT Inc.) MET(MetLife Inc.) MRO(Marathon Oil Corp.)
Thursday, August 6, 2020	BMY(Bristol-Myers Squibb) TMUS(T-Mobile US)
Friday, August 7, 2020	VEDL(Vedanta Ltd)

The following is a list of stocks for the week of Jul 27, 2020 – Jul 31, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker	Company Name	Date	Chart Type	RSI
EHTH	eHealth	Jul 30, 2020	Piercing Line	28.04

The bearish matches – Overbought RSI

Ticker	Company Name	Date	Chart Type	RSI
KMB	Kimberly-Clark	Jul 30, 2020	Hanging Man	73.29
ROP	Roper Industries	Jul 30, 2020	Harami Cross	70.04
CDNS	Cadence Design Systems, Inc.	Jul 31, 2020	Hanging Man	75.52
FR	First Industrial RT	Jul 31, 2020	Hanging Man	75.33
STAG	STAG Industrial	Jul 31, 2020	Hanging Man	70.54
SPB	Spectrum Brands	Jul 31, 2020	Deliberation	73.49
SSTK	Shutterstock, Inc.	Jul 31, 2020	Deliberation	89.73
EPAM	EPAM Systems	Jul 31, 2020	Hanging Man	72.99
AZO	AutoZone Inc	Jul 31, 2020	Hanging Man	72.11

 

There are signs that despite rise in Covid-19 continues the rate is slowing down.  Let’s hope that continues.

Congress is expected to release the details of the stimulus plan this week after discussions last week.  The stimulus is expected to include another round of payments to persons under certain income criteria.  Help is also expected for small businesses affected by the pandemic.

Earning season continues with the following big companies reporting this week.  Companies have been beating the estimates.  But those are pandemic adjusted estimates.  The earnings of companies beating the estimates now have been significantly less than their earnings in second quarter of last year.

Date	Tickers
27-Jul-20	SAP, Hasbro (HAS)
28-Jul-20	McDonald’s Corporation (MCD), JetBlue Airways Corporation (JBLU), Amgen (AMGN), EBAY, Visa (V)
29-Jul-20	Automatic Data Processing, Inc. (ADP), Boeing (BA), Facebook, Inc. (FB), Fair Isaac Corporation (FICO)
30-Jul-20	The Procter & Gamble Company (PG), Mastercard (MA), Pfizer Inc. (PFE)
31-Jul-20	Citigroup Inc [C], Exxon Mobil Corporation (XOM)

The following is a list of stocks for the week of Jul 20, 2020 – Jul 24, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker	Company Name	Date	Chart Type	RSI
FE	First Energy Corp	Jul 23, 2020	Homing Pigeon	19.84

The bearish matches – Overbought RSI

Ticker	Company Name	Date	Chart Type	RSI
EBS	Emergent Bio Solutions	Jul 20, 2020	Dark Cloud Cover	72.92
NTGR	Netgear	Jul 20, 2020	Deliberation	73.36
MKC	McCormick & Co.	Jul 22, 2020	Hanging Man	76.52
STC	Stewart Info Services	Jul 23, 2020	Deliberation	76.4
RUN	Sunrun Inc.	Jul 24, 2020	Hanging Man	84.89