J.B. Hunt Transport Services, Inc. stock trades under the ticker JBHT & has shown recent bullishness that traders & investors should research further into for when market volatility has gone down.
JBHT stock closed at $176.47/share on 5/1/2023.
J.B. Hunt Transport Services, Inc. JBHT Stock’s Technical Performance Broken Down
J.B. Hunt Transport Services, Inc. JBHT Stock’s Technical Performance Over The Past Year
JBHT Stock Price: $176.47
10 Day Moving Average: $174.67
50 Day Moving Average: $175.49
200 Day Moving Average: $176.81
RSI: 52.97
MACD: -0.284
Yesterday, JBHT stock completed a bullish MACD crossover, climbing +0.67% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior.
Traders & investors should begin to watch how JBHT stock behaves around support levels to begin planning a time to enter a position once market volatility has gone down.
JBHT stock has support at the $176.45, $175.49 (50 day moving average), $175.16 & $174.67/share (10 day moving average), with resistance at the $176.81 (200 day moving average), $177.02, $178.72 & $178.94/share price levels.
J.B. Hunt Transport Services, Inc. JBHT Stock As A Long-Term Investment
Long-term oriented investors will like JBHT stock’s 20.05 P/E (ttm), but may find their 4.83 P/B (mrq) to be a bit too rich.
They recently reported -7.4% Quarterly Revenue Growth Y-o-Y, with -18.7% Quarterly Earnings Growth Y-o-Y, which investors will want to research further into.
Their balance sheet will also require a more thorough analysis, with $52.6M of Total Cash (mrq) & $1.24B of Total Debt (mrq).
JBHT pays a 0.92% dividend, which appears to be sustainable, as their payout ratio is 18.39%.
75.59% of JBHT stock’s outstanding share float is owned by institutional investors.
J.B. Hunt Transport Services, Inc. JBHT Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in JBHT stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $175, $170 & $165 call options are all in-the-money, listed from highest to lowest level of open interest.
The $185, $180 & $195 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
JBHT stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield & P/E (ttm), but may want to look deeper into the makeup of their balance sheet.
Traders will like their recent technical performance among market volatility.
All-in-all, it is worth taking a closer look into JBHT stock to see how it fits into your portfolio strategy for when market volatility subsides.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN JBHT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Last week earnings reports dominated the headlines, along with the continuing news about banks being in financial distress as a solution is worked out.
SPY, the SPDR S&P 500 ETF gained +0.9% over the past week, in a week that started off on a weak foot until Thursday & Friday’s sessions.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Volumes were more enthusiastic compared to the week prior, returning to about average compared to the year prior.
Their RSI is beginning to show signs of weakness as it approaches overbought conditions, but their MACD is approaching a bullish crossover, which signals there will be some volatility in the coming week.
SPY’s current moving averages, particularly the 10 day moving average are now all in positions to act as support, but they need to re-test the $416.72 resistance level.
SPY has support at the $411.78 (10 day moving average), $410.48, $407.06 & $406.62/share price levels, with resistance at the $416.72, $426.37, $438.53 & $442.12/share price levels.
QQQ, the Invesco QQQ Trust ETF improved +1.88% over the past week, faring the best of the indexes, as investors cheered earnings reports & piled into stocks most impacted by interest rates in the week before the next rate announcement.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
They too have an RSI approaching overbought, while their MACD is turning towards a bullish crossover, confirming the volatility SPY is also showing on the horizon.
Volumes for QQQ were also relatively in-line with average compared to the year prior, but Friday’s candlestick is signaling more uncertainty in the near-term, as it is not a hanging man due to the opening price being too low into the real-body:shadow, but is not entirely signaling bullishness either.
QQQ has support at the $317 (10 day moving average), $313.19, $312.16 & $309.30/share price levels, with resistance at the $331.19, $332.51, $338.56 & $346.78/share price levels.
IWM, the iShares Russell 2000 ETF -1.33% 0ver the past week, has investors were moving away from smaller cap stocks & investments in favor of larger S&P 500 names & technology heavy NASDAQ names.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
They ended the week trying to strengthen after falling out of a consolidation range earlier in the week, on above average volume compared to the year prior.
Their RSI is neutral, with their MACD fluttering around as Monday’s session will determine whether or not it settles in a bullish or bearish direction.
IWM has support at the $175.13, $174.71, $174.63 & $172.67/share price levels, with resistance at the $175.77, $175.83, $176.07 (10 day moving average) & $178.85/share (50 day moving average) price levels.
Let’s take a look into some of the best & worst performing sectors & geo-locations in the market, based on this week’s technical analysis!
Homebuilders (XHB), Greece (GREK), Indonesia (EIDO) & Emerging Markets Dividend Stocks (EDIV) Are All Bullishly Leading The Market
XHB, the SPDR S&P Homebuilders ETF has climbed +14.49% over the past year, gaining +38.43% since their 52 week low in June of 2022 (ex-distributions).
XHB ETF – SPDR S&P Homebuilders ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought, while their MACD is beginning to look exhausted & in need of a breather.
Last week’s below average volumes also confirm that XHB’s sentiment is waning in the near-term, and their distribution yield pays 0.94% to long-term holders throughout the year, leaving little protection from downside risks.
Investors should wait to see how they perform around support levels in the coming weeks to plan their entry, while employing an options strategy for additional protection & profits.
XHB has support at the $69.15 (10 day moving average), $69.13, $68 & $67.48/share price levels, with resistance at the $72.78, $73.31, $74.13 & $74.45/share price levels.
GREK, the Global X MSCI Greece ETF has gained +23.85% over the past year, improving 51.06% from their 52 week low in September of 2022 (ex-distributions).
GREK ETF – Global X MSCI Greece ETF’s Technical Performance Over The Past Year
They’ve already begun to cool off a bit recently throughout the month of March, after a steady near 6-month climb & their RSI is back to neutral.
Their MACD is already bearish, with volumes over the past two months being above average compared to the year prior.
While GREK offers a 2.4% distribution yield over the year to long-term holders, they too look best suited for a wait & see approach for long-term investors, with an options strategy such as selling calls or buying puts in place as well for protection from downside moves.
GREK has support at the $31.12 (50 day moving average), $30.65, $28.83 & $26.44/ share (200 day moving average) price levels, with resistance at the $31.77 (10 day moving average), $32.50 & $33.12/share price levels.
EIDO, the iShares MSCI Indonesia ETF has improved by 0.84% over the past year, while gaining +16.64% since their 52 week low in July of 2022 (ex-distributions).
EIDO ETF – iShares MSCI Indonesia ETF’s Technical Performance Over The Past Year
Their RSI is overbought after a couple of major gap up days last week, with volume only being particularly strong on Wednesday, which was a gap up hanging man candlestick session.
Investors & traders would be wise to see how they behave around the most recent gap, to see if they will go test Wednesday’s candlestick level, as that could avalanche into a closing of the window created by Wednesday’s gap up.
With a 2.29% distribution yield for long-term holders & so many signals of uncertainty, EIDO’s behavior at support levels will be critical in timing an entry to a position in this environment.
EIDO has support at the $24.62, $24.11, $24.05 (10 day moving average) & $23.86/share price levels, with resistance at the $25.01, $25.15, $25.27 & $25.79/share price levels.
EDIV ETF – SPDR S&P Emerging Markets Dividend ETF’s Technical Performance Over The Past Year
They’re volume tends to be light, with the most recent trading sessions falling below average compared to the year prior & their RSI is on the overbought end of neutral.
While their MACD is bearish, it is beginning to point bearish, mostly due to the gap up day on Thursday of last week.
EDIV pays a 4.51% distribution yield to long-term investors throughout each year, which is a better cushion against losses than many of the other names outlined in this article, but using options for additional protection is advisable in the near-term.
EDIV has support at the $26.64 (10 day moving average), $26.31, $26.01 & $25.93/share (50 day moving average), with resistance at the $26.80, $26.89, $27.14 & $27.76/share price levels.
China Small Cap Stocks (ECNS), Small Cap Momentum Stocks (DWAS), Natural Gas (FCG) & Agribusiness (MOO) Are All Bearishly Lagging The Market
ECNS, the iShares MSCI China Small Cap ETF has fallen -9.03% over the past year, losing -19.33% since their 52 week high in February of 2022, but has rebounded +24.58% since their 52 week low in October of 2022 (ex-distributions).
ECNS ETF – iShares MSCI China Small Cap ETF’s Technical Performance Over The Past Year
Their MACD is about to crossover bullish, but weak volumes compared to the year prior don’t signal much strength in the near-term.
Their RSI is on the oversold end of neutral, with Friday’s session resulting in a hanging man candlestick, implying more volatility to come on the horizon.
With a 3.74% distribution yield paid to long-term holders throughout the year they do have some cushion against losses, but an options strategy for protection while waiting to see how they behave at support levels looks to be the best near-term course of action.
ECNS has support at the $32.77, $32.10, $30.91 & $30.46/share price levels, with resistance at the $33.25, $33.44 (10 day moving average), $33.71 & $33.96/share (200 day moving average) price levels.
DWAS, the Invesco DWA Small Cap Momentum ETF has lost -8.52% over the past year, falling -14.61% since their 52 week low in June of 2022, but has bounced +10.84% since their 52 week low in July of 2022 (ex-distributions).
DWAS ETF – Invesco DWA Small Cap Momentum ETF’s Technical Performance Over The Past Year
Their RSI is heading back towards neutral after Friday’s gap up following a week of declines, with volumes being about neutral compared to the year prior.
Their MACD is bearish, but hinting at a chance of a near-term bullish crossover, but Friday’s hanging man candlestick signals a dampening of the chances of that.
With a modest 0.81% distribution yield for long-term holders, a protective strategy should be employed, while watching their behavior at support levels.
DWAS has support at the $71.16, $70.51, $70.32 & $69.31/share price levels, with resistance at the $72.09, $72.43, $72.88 (10 day moving average) & $72.89/share price levels.
FCG, the First Trust Natural Gas ETF shed -0.65% over the past year, declining -25.62% from their 52 week high in June of 2022, but has rebounded +17.97% from their 52 week low in July of 2022 (ex-distributions).
FCG ETF – First Trust Natural Gas ETF’s Technical Performance Over The Past Year
Their RSI is neutral, with their MACD in a bearish decline on below average volume for the past couple of month’s trading sessions.
With a 3.58% distribution yield they offer some cushion against losses for long-term holders, but based on the indecisiveness behind their recent performance it appears best to wait to see how they behave at support levels in the near-term, with a defensive near-term trading strategy around them for protection & profits while waiting.
FCG has support at the $23.07 (10 day moving average), $22.77 (50 day moving average), $22.57 & $22.48/share price levels, with resistance at the $23.16, $23.20, $23.33 & $23.63/share price level.
MOO, the VanEck Vectors Agribusiness ETF has lost -11.44% over the past year, losing -16% from their 52 week high in May of 2022, but reclaiming +6.09% since their 52 week low in September of 2022 (ex-distributions).
MOO ETF – VanEck Vectors Agribusiness ETF’s Technical Performance Over The Past Year
Thursday & Friday’s recovery sessions have helped push their RSI back towards neutral, but their MACD is still bearish.
Recent trading volumes have also signaled uncertainty, as they have been below average compared to the year prior, which when paired with their 2.16% distribution yield as a cushion against losses stresses the importance of taking a wait & see defensive approach to MOO.
MOO has support at the $84.56, $83.96, $82.89 & $82.66/share price levels, with resistance overhead at the $85.92, $86.09 (10 day moving average), $86.58 (50 day moving average) & $87.18/share (200 day moving average) price levels.
Tying It All Together
May kicks off with highly anticipated data being released, in addition to quarterly earnings calls continuing.
Monday at 9:45 am the S&P US Manufacturing PMI data will be released, followed by ISM Manufacturing & Construction Spending data at 10 am.
Tuesday we get U.S. Job Openings data reported & Factory Orders data at 10 am, with the m0st anticipated data release being Advanced Micro Devices & Pfizer’s earnings calls.
Other earnings being reported on Tuesday include ADT, BP, Cheniere Energy, Chesapeake Energy, Clorox, Cummins, DuPont, Ford Motor Company, Illinois Tool Works, Marriott, Molson Coors Brewing, Prudential, Simon Property Group, Starbucks, Sunoco, T. Rowe Price, Thomason Reuters, Uber Technologies & Western Union, with many more.
Wednesday will be very interesting, with ADP Employment data kicking off the dat at 8:15 am, S&P U.S. Services PMI data at 9:45 am, ISM Services data reported at 10 am & the highly anticipated Federal Reserve Interest Rate Statement at 2 pm & Fed Chair Powell’s Press Conference at 2:30 pm.
Albermarle, Allstate, Clean Harbors, Fresh Del Monte, Garmin, Hanesbrands, Kraft Heinz, Marathon Oil, MetLife, Phillips 66, Scotts Miracle Grow, Trip Advisor, Wingstop & Yum! Brands are some of Wednesday’s earnings reports.
Thursday morning at 8:30 am we hear U.S. Productivity, U.S. Trade Deficit, Initial Jobless Claims & Continuing Jobless claims data to start off the day.
Apple’s earnings call is Thursday, as well as American International Group, Anheuser-Busch InBev, Ball Corp., Block, ConocoPhillips, DISH Network, DraftKings, DropBox, Ferrari, GoDaddy, Huntington Ingalls, Hyatt Hotels, Kellogg, Lyft, Moderna, Monster Beverage, Peloton Interactive, Shake Shack, Starwood Property Trust, Wayfair, XPO, Yelp & more.
Friday winds down with the U.S. Employment Report, U.S. Unemployment Rate, U.S. Hourly Wages & Hour Wages Year Over Year reported at 8:30 am & Consumer Credit data coming in at 3pm.
Friday’s earnings reports include AMC Entertainment, CBOE Global Markets, Dominion Energy, Goodyear Tire, Johnson Controls, The Cigna Group & more.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, XHB, GREK, EIDO, EDIV, ECNS, DWAS, FCG or MOO AT THE TIME OF PUBLISHING THIS ARTICLE ***
Flowers Foods, Inc. stock trades under the ticker FLO & has shown recent bullishness amidst market volatility that investors & traders should research further into for when volatility has subsided.
FLO stock closed at $27.22/share on 4/25/2023.
Flowers Foods, Inc. FLO Stock’s Technical Performance Broken Down
Flowers Foods, Inc. FLO Stock’s Technical Performance Over The Past Year
FLO Stock Price: $27.22
10 Day Moving Average: $27.11
50 Day Moving Average: $27.39
200 Day Moving Average: $27.23
RSI: 50.16
MACD: -0.061
Yesterday, FLO stock completed a bullish crossover, gaining +0.63% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average compared to the year prior, signaling indecision on the part of investors in terms of where to value their share price.
Their stock price has remained in a consolidation area for the past month, as the market tries to figure out where their fair value is.
FLO has support at the $27.11 (10 day moving average), $27.02 & $26.88/share price levels, with resistance at the $27.39 (50 day moving average), $27.84 & $27.91/share price levels.
Flowers Foods, Inc. FLO Stock As A Long-Term Investment
Long-term oriented investors will like FLO stock’s 25.43 P/E (ttm), but may find their 3.99 P/B (mrq) to be a bit too rich.
They recently reported 10.10% Quarterly Revenue Growth Y-o-Y, with 23.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet is worth taking a closer look into, with $165.13M of Total Cash (mrq) & $1.19B of Total Debt (mrq).
FLO stock pays a 3.22% dividend, which may not be sustainable in the long-run, as their payout ratio is 81.31%.
84.31% of FLO stock’s outstanding share float is owned by institutional investors.
Flowers Foods, Inc. FLO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from FLO stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 7/21 expiration date.
The $25 & $22.50 call options are in-the-money, with the former being more liquid than the latter strike price.
The $30 puts are also in-the-money, but there is open interest at $25, $22.50 & $20 should their share price fall in the meantime, which could make these appealing down the line.
Tying It All Together
FLO stock has many interesting attributes that traders & investors will find appealing.
Investors will like their P/E (ttm), but may want to look closer into their balance sheet to see if it provides clues as to how sustainable their dividend yield is in the long-run.
Traders will like their recent technical performance compared to the market, but will dislike how illiquid their options are.
Overall, it is worth taking a closer look to see how FLO stock fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FLO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
New Mountain Finance Corporation stock trades under the ticker NMFC & has shown recent bullishness that traders & investors should research further into for when market volatility has cooled off.
NMFC stock closed at $11.99/share on 4/24/2023.
New Mountain Finance Corporation (NMFC) Stock’s Technical Performance Broken Down
New Mountain Finance Corporation (NMFC) Stock’s Technical Performance Over The Past Year
NMFC Stock Price: $11.99
10 Day Moving Average: $11.91
50 Day Moving Average: $12.26
200 Day Moving Average: $12.52
RSI: 48.64
MACD: -0.104
Yesterday, NMFC stock completed a bullish MACD crossover, climbing 1.96% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral, as prices have been declining for the better part of the last two months & investors try to assess a proper valuation on their share price.
Due to broader market volatility in the coming weeks, it is wisest to watch how NMFC stock behaves around its support levels while planning a proper entry for a less volatile market environment.
NMFC has support at the $11.91, $11.89, $11.64 & $11.27/share price levels, with resistance at the $12.20, $12.26 (50 day moving average), $12.44 & $12.52/share (50 day moving average) price levels.
New Mountain Finance Corporation (NMFC) Stock As A Long-Term Investment
Long-term oriented investors will like NMFC stock’s valuation metrics, with a 16.05 P/E (ttm) & a 0.91 P/B (mrq).
They recently reported 8.6% Quarterly Revenue Growth Y-o-Y, with -71.5% Quarterly Earnings Growth Y-0-Y.
Their balance sheet will require a more thorough review, with $71.19M of Total Cash (mrq) & $1.98B of Total Debt (mrq).
NMFC stock pays a 10.37% dividend yield, which does not look sustainable in the long-run, as their payout ratio is >100.
44.24% of NMFC stock’s outstanding share float is owned by institutional investors.
New Mountain Finance Corporation (NMFC) Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from NMFC stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
There are no call options with open interest that are in-the-money, but there is open interest at the $12.50 strike price, 4% out-of-the-money.
The $12.50 puts are the only strike price with liquidity that is in-the-money.
Tying It All Together
NMFC stock has many interesting attributes that traders & investors will find appealing for when market volatility has subsided.
Investors will like their valuation metrics, but may want to look into their balance sheet & how sustainable their dividend is in the long-run.
Traders will like their recent technical performance, but will be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into NMFC stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NMFC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Mueller Industries Inc. stock trades under the ticker MLI & has shown recent bullishness that traders & investors should look into for when market volatility has cooled down.
MLI stock closed at $69.27/share on 4/24/2023.
Mueller Industries Inc. MLI Stock’s Technical Performance Broken Down
Mueller Industries Inc. MLI Stock’s Technical Performance Over The Past Year
MLI Stock Price: $69.27
10 Day Moving Average: $68.98
50 Day Moving Average: $71.64
200 Day Moving Average: $65.36
RSI: 47.14
MACD: -0.736
Yesterday, MLI stock completed a bullish MACD crossover, gaining +0.79% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, as they have spent the better part of April consolidating in the $68-70/share range.
As markets are expected to remain volatile for the coming weeks, it would be wise to watch how MLI behaves around its support levels, so that a target entry level can be identified for smoother markets.
MLI has support at the $69.01, $68.98 (10 day moving average), $68.94 & $67.26/share price levels, with resistance at the $69.55, $69.87, $70.24 & $70.25/share price levels.
Mueller Industries Inc. MLI Stock As A Long-Term Investment
Long-term oriented investors will like MLI stock’s 5.93 P/E (ttm), as well as their 2.2 P/B (mrq).
They recently reported -8.2% Quarterly Revenue Growth Y-o-Y, with 10.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with $678.88M of Total Cash (mrq) & $23.85M of Total Debt (mrq).
MLI pays a 1.45% dividend, which appears to be sustainable in the long-run, as their payout ratio is 8.59%.
92.27% of MLI stock’s outstanding share float is owned by institutional investors.
Mueller Industries Inc. MLI Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in MLI stock’s price, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $60 & $65 call options are in-the-money, with the former being more liquid than the latter strike price.
The $70, $75 & $80 puts are also in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
MLI stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield, balance sheet & valuation metrics.
Traders will like their recent technical performance, but may wish their options were more liquid.
All-in-all, it is worth taking a closer look into MLI stock to see how it fits into your portfolio strategy once market volatility subsides.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN MLI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
SPY, the SPDR S&P 500 ETF closed the week mostly flat, falling -0.06%, as we began receiving more earnings data from companies, while hearing a number of Federal Reserve speakers throughout the week.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their MACD is about to bearishly crossover, which looks particularly troubling, as with an RSI of 60 (overbought end of neutral), there is more room to fall before algorithms will be tripped into buying again.
Volume in April has been lower than March, but relatively average compared to the rest of the year prior, and last week’s assortment of candlesticks show a rejection of the $415 price level, followed by uncertainty floating between $410-$415/share.
SPY has support at the $411.97 (10 day moving average), $410.48, $407.06 & $406.62/share price levels, with resistance at the $415.72, $416.72, $426.37 & $438.52/share price levels.
QQQ, the Invesco QQQ Trust ETF fared a bit worse than SPY, dropping -0.62% during the course of last week, as investors moved away from the technology-heavy index.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their MACD has already completed a bearish crossover in April, as they’ve hovered around a consolidation range for most of the month, with their RSI at 56.
Volumes have been about average/just below average compared to the year prior throughout that time & Friday’s hanging man candle after Thursday’s shooting star candlestick signals more uncertainty & consolidation are on the horizon.
QQQ has support at the $313.19, $312.16, $309.30 & $305.86/share (50 day moving average) price levels, with resistance at the $317.38, $321.63, $331.19 & $332.51/share price levels.
IWM, the iShares Russell 2000 ETF proved small caps were the haven of choice this week among market participants, gaining +0.59% over the course of the week.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is neutral at 50, and their MACD is beginning to show signs of a near-term bearish crossover on the horizon in the next couple of trading sessions.
Volumes have settled down relative to March’s above average volume & are still about average compared to the year prior.
Much like SPY & QQQ, IWM has been in a consolidation range for the month of April so far, with Thursday & Friday’s candlesticks looking very similar to their larger index counterparts’ as well.
IWM has support at the $177.33 (10 day moving average), $175.83, $175.77 & $175.13/share price levels, with resistance overhead at the $179.78, $179.92, $179.94 (200 day moving average) & $180.56/share (50 day moving average) price levels.
Let’s dive into some of the best & worst sectors & geo-locations in the market based on this week’s technical analysis ratings for their respective ETF’s!
Mexico (EWW), Switzerland (EWL), Semiconductors (SMH) & European SmallCap Dividend Investments (DFE) Are All Bullishly Leading The Market
EWW, the iShares MSCI Mexico Capped ETF has gained +20.64% over the past year, climbing +37.34% from their 52 week low in September of 2022 (ex-distributions).
EWW ETF – iShares MSCI Mexico Capped ETF’s Technical Performance Over The Past Year
Their MACD is beginning to send signals of an impending cool off period, which is further supported by Friday’s hanging man candlestick.
Their RSI is on the oversold end of neutral at 58, with recent volumes being a bit lower than average compared to the year prior, signaling slowing enthusiasm in the near-term.
EWW pays a 2.99% distribution to long-term holders, which can provide some protection from a downfall, but otherwise it would be wisest to use an options strategy for protection (selling calls/buying puts), while eying its behavior at support levels in the coming weeks.
EWW has support at the $59.81 (10 day moving average), $59.45, $58.08 (50 day moving average) & $55.29/share price levels, with resistance at the $60.40 & $60.52/share price levels.
EWL ETF – iShares MSCI Switzerland Capped ETF’s Technical Performance Over The Past Year
Their RSI is well into overbought territory at 78.98, with their MACD beginning to signal a bearish rollover.
Friday’s hanging man candlestick on a +1% gap up with high volume will make for an interesting Monday/Tuesday session while we wait to see if the gap is filled or not.
EWL pays a 1.78% distribution to long-term shareholders, but that will not be enough protection when you factor in where their support levels, so other methods of insurance would be beneficial while watching where to make a better entry in less volatile market conditions.
EWL has support at the $47.13 (10 day moving average), $45.87, $44.94 & $44.67/share (50 day moving average) price levels, with resistance at the $49.27, $50.28 & $52.02/share price levels.
SMH ETF – VanEck Vectors Semiconductor ETF’s Technical Performance Over The Past Year
Their MACD has been bearish for a couple of weeks, but their RSI is relatively neutral (oversold side), after spending the past couple of weeks in a consolidation range.
Recent trading volumes have been below average, signaling indecision on the part of investors, which is validated by Friday’s doji candlestick.
SMH’s 0.97% distribution yield doesn’t offer much in the form of insurance against losses from volatility, making it important to have an options strategy as a hedge while eyeing how they behave at support levels to begin planning an entry.
SMH has support at the $246.43, $246.32, $244.41 & $244.28/share price levels, with resistance at the $248.52 (50 day moving average), $249.56, $252.07 (10 day moving average) & $255.64/share price levels.
DFE ETF – WisdomTree Europe SmallCap Dividend Fund’s Technical Performance Over The Past Year
Their MACD is beginning to signal a bearish crossover in the coming days, with their RSI showing room to cool off, as it is approaching the overbought end of neutral.
This is a lightly traded ETF throughout the year that sports a 5.91% distribution for long-term shareholders.
While eyeing their behavior at support levels, there may be opportunities using options to profit from a near-term strategy, but as the shares themselves as so illiquid, make sure open interest levels are liquid before trading them.
DFE has support at the $59.60 (10 day moving average), $58.41 (50 day moving average), $57.96 & $56.82/share price levels, with resistance at the $60.19, $60.49, $60.84 & $61.27/share price levels.
Regional Banks (DPST), Oil & Gas Exploration & Production (XOP), China (PGJ) & 20+ Year Treasuries (UBT) Are All Bearishly Lagging The Market
DPST, the Direxion Daily Regional Banks Bull 3x Shares ETF has fallen -79.46% over the past year, losing -81.9% from their 52 week high in August of 2022, but reclaiming +9.08% from their 52 week low in March of 2023 (ex-distributions).
DPST ETF – Direxion Daily Regional Banks Bull 3x Shares ETF’s Technical Performance Over The Past Year
Their MACD has been bullish since late March, but their RSI is bearishly trending back to oversold conditions after this most recent consolidation period.
Recent volumes have been above average compared to the year prior, with the past few days’ candlesticks signaling more uncertainty.
While they offer a 4.07% distribution yield to long-term holders, traders can profit in the meantime using options strategies while the market participants find an agreeable price range for DPST.
DPST has support at the $6.93, $6.56 & $6.50/share price levels, with resistance overhead at the $7.23 (10 day moving average), $7.70 & $14.46/share (50 day moving average) price levels.
XOP, the SPDR S&P Oil & Gas Exploration & Production ETF has shed -1.91% over the past year, losing 25.62% since their 52 week high of June of 2022, but gaining 17.51% since their 52 week low of July 2022 (ex-distributions).
XOP ETF – SPDR S&P Oil & Gas Exploration & Production ETF’s Technical Performance Over The Past Year
Their MACD recently completed a bearish crossover, but their recent volumes have been below average, signaling uncertainty, which is further confirmed by their mix of candlesticks from the past week, which include multiple bearish hanging man candles & a doji.
Their RSI is approaching the oversold end of neutral at 44, but with only 3.01% cushion for losses from their distribution yield (for long-term holders), unless using an options protection strategy, it would be wisest to wait & see at what level they begin trending upward again.
XOP has support at the $125.63, $124.41, $123.58 & $120.33/share price level, with resistance at the $128.32, $129.71 (50 day moving average), $129.90 & $130.44/share price levels.
PGJ, the Invesco Golden Dragon China ETF has gained 7.81% over the past year, losing -20.75% from their 52 week high in June of 2022, while rebounding +60.7% since their 52 week low in October of 2022 (ex-distributions).
PGJ ETF – Invesco Golden Dragon China ETF’s Technical Performance Over The Past Year
Their RSI is beginning to approach oversold conditions, but their MACD is trending downward.
Recent volumes have been extremely light & below average, confirming the negative sentiment that the 2 gap down days last week expressed.
With only 0.93% for longterm holders coming from distribution, this is another one to either trade around using options, or wait to see when it begins to find stable footing at one of its support levels.
PGJ has support at the $27.06, $27.04, $26.85 & $26.64/share price levels, with resistance at the $27.38, $27.45, $27.81 & $27.90/share (200 day moving average) price levels.
UBT, the ProShares Ultra 20+ Year Treasury ETF has lost -26.52% over the past year, losing 30.33% since their 52 week high in April of 2022, but regaining 25.98% since their 52 week low in October of 2022 (ex-distributions).
UBT ETF – ProShares Ultra 20+ Year Treasury ETF’s Technical Performance Over The Past Year
Their MACD is showing signs of a near-term bullish crossover, but they also run the risk of filling the gap from March of 2023 if there is broader market volatility.
With an RSI at 45 & trending downward, below average volume recently & a modest 0.80% distribution yield for protection, this one is best left alone until a new range is established to trend from.
UBT has support at the $25.66, $25.63, $24.85 & $23.91/share price level, with resistance at the $26.57 (10 day moving average), $26.79, $26.80 & $27.30/share price level.
Tying It All Together
In terms of data reporting, this week starts off quiet, with nothing to be announced on Monday, which will give more control over the market’s direction to the results of earnings reports.
Monday’s earnings reports include Bank of Hawaii, AGNC, Coca Cola, Cleveland-Cliffs, First Republic Bank & Whirlpool.
On Tuesday we get the S&P Case-Schiller Home Price Index (20 cities) & the FHFA Home Price Index data at 9 am, followed by New Home Sales & Consumer Confidence numbers at 10 am.
Also on Tuesday, Microsoft, Alphabet, Archer Daniels Midland, 3M, Biogen, Chubb, Chipotle Mexican Grill, Danaher, DOW, General Electric, General Motors, Halliburton, McDonald’s, Sherwin Williams, Raytheon Technologies, Texas Instruments, UPS, Verizon Communications, Visa & many other large names report their earnings.
Wednesday we get Durable Goods Orders, Durable Goods Minus Transportation, Advanced U.S. Trade Balance In Goods, Advanced Retail Inventories & Advanced Wholesale Inventories data, all at 8:30 am.
Wednesday’s earnings include Meta, Automatic Data, C.H. Robinson Worldwide, Churchill Downs, CME Group, Boeing, eBay, Meritage Homes, Lending Club, Humana, Norfolk Southern, Old Dominion, Otis Worldwide, Penske Auto, Ryder System, Steve Madden, Thermo Fisher, United Rentals, Waste Management, Wyndham Hotels & Resorts and many other names as well.
Thursday’s data kicks off with GDP, Initial Jobless Claims & Continuing Jobless Claims at 8:30 am, and Pending Home Sales at 10 am.
Thursday will also be a busy day of earnings calls, with Amazon, AbbVie, Activision Blizzard, Amgen, Bristol-Myers, Boston Beer Co. Caterpiller, Church & Dwight, Cloudflare, Comcast, Domino’s Pizza, Eli Lilly, Grainger, Harley Davidson, Hershey Foods, Honeywell, Mastercard, Merck, Mohawk Industries, Modelez International, Northrop Grumman, S&P Global, Southern, T-Mobile, Tractor Supply, U.S. Steel, Valero Energy, Xcel Energy & many other names.
Friday the week winds down with Employment Cost Index, Personal Income (nominal), Personal Spending (nominal), PCE Index, Core PCE Index, PCE (year-over-year) & Core PCE (year-over-year) at 8:30 am, the Chicago Business Barometer at 9:45 am & Final Consumer Sentiment numbers at 10 am.
Friday is more quiet on the earnings calls front, with Aon, Charter Communications, Colgate-Palmolive, Exxon Mobil, Newell Brands & Wisdom Tree, among others all reporting quarterly earnings.
Between the data being reported & the large amount of companies reporting earnings, this promises to be a volatile week.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, EWW, EWL, SMH, DFE, DPST, XOP, PGJ or UBT AT THE TIME OF PUBLISHING THIS ARTICLE ***
WW Grainger stock trades under the ticker GWW & has shown recent bullishness that traders & investors should research further into for when market volatility has cooled down.
GWW stock closed at $665.43/share on 4/19/2023
WW Grainger, Inc. GWW Stock’s Technical Performance Broken Down
WW Grainger, Inc. GWW Stock’s Technical Performance Over The Past Year
GWW Stock Price: $665.43
10 Day Moving Average: $653.35
50 Day Moving Average: $669.75
200 Day Moving Average: $578.94
RSI: 51.61
MACD: -2.387
Yesterday, GWW stock completed a bullish MACD crossover, losing -0.14% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average, signaling uncertainty as to where the market values their share price.
After a large gap up in February of 2023, they have begun a head & shoulders reversal, with back-to-back hanging man candlestick sessions, indicating that there is going to be a price correction & consolidation on the horizon.
Traders & investors should watch how they behave at support & resistance points in the coming weeks to see where they may be able to enter a position under more favorable, less volatile conditions.
GWW has support at the $653.35 (10 day moving average), $650.46, $649.20 & $625.97/share price level, with resistance at the $669.75 (50 day moving average), $683.44, $689.74 & $709.21/share price level.
WW Grainger, Inc. GWW Stock As A Long-Term Investment
Long-term oriented investors will like GWW stock’s 21.57 P/E (ttm), but may find their 13.36 P/B (mrq) to be a bit too high for their liking.
They recently reported 13.2% Quarterly Revenue Growth Y-o-Y, with 35.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $325M of Total Cash (mrq) & $2.74B of Total Debt (mrq).
GWW stock pays a 1.02% dividend, which appears to be sustainable in the long-run, as their payout ratio is 22.55%.
75.27% of GWW stock’s outstanding share float is owned by institutional investors.
WW Grainger, Inc. GWW Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to protect their portfolio from volatility, while profiting from price movements in GWW stock.
The $660, $650 & $630 call options are all in-the-money, listed from highest to lowest level of open interest.
The $670, $680 & $690 puts are also all in-the-money, with the former being more liquid than the latter strike prices.
Tying It All Together
GWW stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their sustainable dividend, as well as their recent growth metrics.
Traders will like their recent technical performance, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into how GWW stock fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN GWW STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
La Z Boy stock trades under the ticker LZB & has shown recent bullishness that traders & investors should research further into to plan an entry once markets have become less volatile.
LZB stock closed at $28.85/share on 4/19/2023.
La Z Boy LZB Stock’s Technical Performance Broken Down
La Z Boy LZB Stock’s Technical Performance Over The Past Year
LZB Stock Price: $28.85
10 Day Moving Average: $28.16
50 Day Moving Average: $29.23
200 Day Moving Average: $26.28
RSI: 52.84
MACD: -0.235
Yesterday, LZB stock completed a bullish MACD crossover, gaining +1.87% on they day’s session.
Recent trading volumes have been slightly below average, signaling that investors are not certain as to how to price LZB shares currently, amid a turbulent macro environment.
Their RSI is neutral & traders & investors should be watching how they behave at their support & resistance levels in the coming weeks to identify when an opportune entry time may be after volatility cools off.
LZB stock has support at the $28.16 (10 day moving average), $27.81, $27.66 & $27.56, with resistance overhead at $29.21, $29.23 (50 day moving average), $30.05 & $30.17/share price levels.
La Z Boy LZB Stock As A Long-Term Investment
Long-term oriented investors will like LZB stock’s valuation metrics, with a 7.04 P/E (ttm) & a 1.35 P/B (mrq).
They recently reported 0.2% Quarterly Revenue Growth Y-o-Y, with 11.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $293.08M of Total Cash (mrq) & $427.29M of Total Debt (mrq).
LZB stock pays a 2.39% dividend, which appears to be sustainable in the long-run, as their payout ratio is 16.83%.
97.2% of LZB stock’s outstanding share float is owned by institutional investors.
La Z Boy LZB Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in LZB stock’s price, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $25 are the only strike that is currently in-the-money, with open interest at the $30 & $35 strike prices as well.
The $30 & $40 puts are also in-the-money, with the former being more liquid than the latter.
Tying It All Together
LZB stock has many unique characteristics that traders & investors will find appealing.
Investors will like their dividend yield & valuation metrics, but may want to review their balance sheet structure in more detail before investing.
Traders will like their recent technical performance, but may be disappointed in how illiquid their options are.
All-in-all, LZB stock is worth taking a closer look into to see how it fits into your portfolio strategy once market volatility has subsided.
*** I DO NOT OWN SHARES OR CONTRACTS POSITIONS IN LZB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Toro Co. stock trades under the ticker TTC & has shown recent bullishness that traders & investors should research further into in order to plan a position in less volatile market conditions.
TTC stock closed at $105.87/share on 4/18/2023.
Toro Co. TTC Stock’s Technical Performance Broken Down
Toro Co. TTC Stock’s Technical Performance Over The Past Year
TTC Stock Price: $105.87
10 Day Moving Average: $103.93
50 Day Moving Average: $109.06
200 Day Moving Average: $100.44
RSI: 47.16
MACD: -1.366
Yesterday, TTC stock completed a bullish MACD crossover, gaining +0.47% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral.
Yesterday’s doji candlestick signals uncertainty in their near-term price is on the horizon & traders & investors should be watching how they behave at support levels in order to time a position entry when the markets have become less volatile.
TTC stock has support at the $105.11, $104.14 & $103.93/share (10 day moving average) price levels, with resistance at the $107.07, $107.09 & $108.65/share price levels.
Toro Co. TTC Stock As A Long-Term Investment
Long-term focused investors will like TTC stock’s 22.78 P/E (ttm), but will find their 7.49 P/B (mrq) to be too high.
They recently reported 23.2% Quarterly Revenue Growth Y-o-Y, with 53.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $174.04M of Total Cash (mrq) & $1.17B of Total Debt (mrq).
TTC stock pays a 1.18% dividend, which appears to be sustainable in the long run as their payout ratio is 27.25%.
88.22% of TTC stock’s outstanding share float is owned by institutional investors.
Toro Co. TTC Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in TTC stock’s price, while protecting their portfolio against volatility.
I am looking at the contracts with the 6/16 expiration date.
The $105, $95 & $90 call options are all in-the-money, listed from highest to lowest level of open interest.
The $110, $115 & $120 puts are also all in-the-money, withe the former strike being more liquid than the latter two.
Tying It All Together
TTC stock has many interesting characteristics that traders & investors will find favorable.
Investors will like their dividend yield, as well as their recent growth metrics, but will want to dig deeper into their balance sheet’s structure.
Traders will like TTC’s recent technical performance, but may be disappointed by their relatively illiquid options.
Overall, it is worth taking a closer look into TTC stock now to see how it fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARE OR OPTIONS CONTRACT POSITIONS IN TTC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Eaton Corp. stock trades under the ticker ETN & has shown recent bullishness that traders & investors should look further into for an possible entry once market volatility has subsided.
ETN stock closed at $163.69/share on 4/18/2023.
Eaton Corp. ETN Stock’s Technical Performance Broken Down
Eaton Corp. ETN Stock’s Technical Performance Over The Past Year
ETN Stock Price: $163.69
10 Day Moving Average: $160.47
50 Day Moving Average: $167.80
200 Day Moving Average: $152.50
RSI: 49.1
MACD: -1.625
Yesterday, ETN stock completed a bullish MACD crossover, gaining +0.39% on the day’s session.
Recent trading volumes have been relatively average compared to the year prior & their RSI is neutral.
Yesterday’s shooting star candlestick signals that investors & traders may want to tread with caution & eye ETN stock’s behavior at its support levels, so that they can plan an entry point for a position when volatility has simmered down across the market.
ETN stock has support at the $160.47 (10 day moving average), $160.23 & $157.90/share price levels, with resistance at the $164.52, $165.68 & $166.69/share price level.
Eaton Corp. ETN Stock As A Long-Term Investment
Long-term oriented investors will like ETN stock’s 25.86 P/E (ttm), but may find their 3.71 P/B (mrq) to be too high for their liking.
They recently reported 12.2% Quarterly Revenue Growth Y-o-Y, with 30.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $555M of Total Cash (mrq) & $9.24B of Total Debt (mrq).
ETN stock pays a 1.99% dividend, which appears to be sustainable in the long-run, as their payout ratio is 52.77%.
84.1% of ETN stock’s outstanding share float is owned by institutional investors.
Eaton Corp. ETN Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in ETN stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $160, $140 & $155 call options are all in-the-money, listed from highest to lowest level of open interest.
The $165, $175 & $170 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
ETN stock has many interesting attributes that traders & investors will find appealing.
Investors will like their dividend yield & recent growth metrics, but may want to research further into their balance sheet structure before investing.
Traders will like their recent technical performance, but may wish their options were more liquid.
All-in-all, it is worth taking a closer look into ETN stock to see how it fits into your portfolio strategy when market volatility subsides.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ETN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
