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Friday June 24, 2016 DJIA Closed: 17400.75 -610.32 vs. 17675.16 -57.95 Prior week, -2.27% BELOW its FALLING 21-day moving average of 17805.77 vs. 17765.75 Prior week. (Overbought: Above 21-DMA +4.61 reached on 10-23-15) vs. (Oversold: Below 21-DMA -6.21% reached on 1-15-16 (Historic High: 10.56% on 3-26-09 vs. Historic Low: -26.03% on 5-7-10). Upper 3.5% band: 18429U vs. Lower 3.5% band: 17182.60U
DJIA Linear Regression: Rose 0.13U vs. -0.01N Prior Week (Historic High: +2.16 8-14-13 / Historic Low: -.82 02-12-16)(DJIA Least Squares Regression Channel Top: New High 18,688U and Channel Bottom: Rose 16,090U.) Historic High 18,688.75 6-24-16, bottomed 3-24-16 Low 15,542.
DIA Trend: 8-day M/A 177.19D vs. 21-day M/A 177.96U Spread: -0.77D vs. +0.32D Prior Week ("M/A Trend Crossover SELL Signal" occurred on 7-24-16.) (Historic High Spread: +5.30 11-7-14 / Historic Low Spread: -7.14 8-15-11). (*A Favorite Indicator as the Spread acts as an early warning signal of a shift in portfolio positions by smart money moving in, or out, of the DIA.)
DIA Price Volatility: Increased Friday 7.70 Up from -0.32 Thursday.
(Historic High: 35.10 8-25-15, Low: -10.76% 8-31-15)
DIA Proposed Range: Monday 1.22 vs. 3.38 Actual Range Friday.
(Historic High: 4.31 3-31-09 & 4.09 12-18-14 / Historic Low: 0.63% 5-19-14)
DIA Price Momentum: Fell 71%D vs. 84%N Prior week (Historic High: 100% 2-22-12, 97% 4-22-16 / Historic Low: 3% on 9-4-15, 3% 8-21-15, 3% 8-19-11, 3% 6-30-09, and 3% on 10-22-08)
DIA MACD: MACD Crossover "SELL" Signal on 6-14-16. Sell remains in effect.
DIA 5-Day Stochastic%D: Rose 48U vs. 39D Prior week (Historic High: 100 / Historic Low: 0)
DIA Relative Strength 14-Day: Fell 34%D vs. 39%D Prior week
(High 100 3-19-10 / Low 0 7-6-10 & 8-10-11) (Overbought =+75) / (Oversold =-25)
DIA Commodity Channel Index: Fell -183D vs. -102D Prior week (Overbought: =>+200 / Oversold: =<-200>) (Historic High: 309.49 12-12-14, 306 11-4-10 / Historic Low: -318 5-6-10, -312 8-21-15.)
McClellan Oscillator: Rose -65.85U vs. -85.92D Prior week (an overbought / oversold indicator.) (Historic High: 386.03 1-6-09 & 332.00 3-3-16 / Historic Low: -438.08 8-8-11)
Summation Index: Fell 3383.19D vs. 3417.39D Prior week ("Bull Market Breakout" +2500.00 / "Bear Market Breakdown" -2500.00)(Historic High: 5599.98 9-22-09 / Historic Low: -4699.43 11-20-08)
NYSE Composite Cumulative Unadjusted Up-Vol. minus Down-Vol: "MAJOR SELL" Signal occurred Friday, 6-24-16 DJIA at 17,838.56, "Resistance" at DJIA 18,083 met on 4-20-16. ROC 23.72% vs. 22.34% Prior Week, Annual ROC -3.59% vs. 0.91% Prior Week.
(Overbought: +23 / Oversold: -23) (Annual ROC Historic High: +26.60 5-17-13 / Historic Low: -23.24% 1-27-12)
Exchange Insiders' Inventory: Fell -.05D vs. .08N Prior Week (Historic High: +44 11-20-14 / Historic Low: -46 12-19-11) Mean= -2
DIA Outlook: Fell 69%D vs. 74%D Prior Week (*A Favorite Indicator as it tracks Institutional Sentiment.) (Historic High: 96% 7-28-09 / Historic Low: 2% 3-11-09)
DIA Probability of Being "UP" Monday, 6-27-16: 100% vs. 61% Last Monday
(a reading of 52+ is positive, a reading of 48- is negative) (Historic High: 100 / Historic Low: 0)
Dow 30 + DIA: 19 Buy vs. 12 Sell, Fell 61%D vs. 71%D Prior Week. (A reading of 52+ is Positive, a reading of 48- is Negative.) (*A Favorite Indicator as its direction most often predicts near term market action.) (an 87%+ reading is Overbought 97% was reached 4-1-16); (a 13% reading is Oversold, reached on 12-3-15 & 6-15-15, 10% on 8-26-15, 6% on 9-11-15.) (Historic High: 100 / Historic Low: 0)
DIA Directional Indicator: Fell -28D vs. 18D Prior Week (Historic High: 133 10-28-15 / Historic Low: -117 8-26-15)
SPY Directional Indicator: Fell -33D vs. 29D Prior Week (Historic High: 149 10-28-15 / Historic Low: -127 8-26-15)
QQQ Directional Indicator: Fell -25D vs. 24D Prior Week (Historic High: 121 10-28-15 / Historic Low: -71 1-8-16)
IWB Directional Indicator: Fell -15D vs. 30U Prior Week (Historic High: 94 11-14-14 / Historic Low: -87 8-28-15)
IWM Directional Indicator: Fell 3D vs. 42D Prior Week (Historic High: 91 11-14-14 / Historic Low: -87 8-28-15)
IWM/IWB Computation: (IWM Close 112.55 vs. IWB Close 113.47) Spread: +0.99D vs. +1.01D Prior Week (Small Cap Relative Strength Ratio is calculated taking the daily closing value of the Russell 2000 Index, and dividing it by the Russell 1000. If the line moves upward, then the Russell 2000 is outperforming on a relative basis.
That can mean going up faster, or going down more slowly. If the line is moving downward, then the small cap universe is generally doing worse than the large caps, on a relative basis. (*A Favorite Indicator as the Spread points to a shift in portfolio positions by risk capital investors moving in, or out, of Small Cap stocks.)
Market Comment: The second-quarter earnings season hits full force in mid-July. Improved earnings reports from U.S. companies could be good news for stocks, as they would make higher share prices justifiable on a price-earnings basis.
S&P 500 companies on average are expected to report a 3.9 percent decline in second-quarter earnings from the same quarter a year ago and a 2.3 percent increase in September-quarter earnings, according to Thomson Reuters data. However, estimates for multinationals could be cut due to the Brexit vote.
DIA 06/27/16 Forecast
Opening Fair Value: 174.37
Today's Predicted High: 174.37
Today's Predicted Low: 173.15
Today's Proposed Range: 1.22
Buy/Sell Rating: Buy
Binary Ladder Pricing
174.98 Upside Potential R2
174.98 Upside Potential R1
174.60 High Level R2
174.37 Low Level R1
174.37 Pivot Point
173.76 High Level S1
173.15 Low Level S2
172.54 Downside Potential S1
171.06 Downside Potential S2
SPDR 12 SELECT SECTORS ETFs
WEEKLY COMPARISONS
Week ending June 24, 2016
86% XLU (Utilities)
74% XTL (Telecommunications)
63% XLB (Materials)
60% XLE (Energy)
58% XLV (Healthcare)
57% XRT (Retail)
54% XLF (Financials)
52% XLI (Industrials)
50% XLK (Information Technology)
45% GXC (China)
43% XLY & XLP (Consumer Discretionary & Staples combined)
33% XBI (Biotech)
AVERAGE: 56% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 17, 2016
87% XLU (Utilities)
83% XTL (Telecommunications)
80% XLB (Materials)
65% XLE (Energy)
64% XLI (Industrials)
63% XLV (Healthcare)
62% XLK (Information Technology)
60% XRT (Retail)
58% XLF (Financials)
52% XLY & XLP (Consumer Discretionary & Staples combined)
46% GXC (China)
45% XBI (Biotech)
AVERAGE: 64% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 10, 2016
88% XLU (Utilities)
87% XTL (Telecommunications)
82% XLB (Materials)
81% XLF (Financials)
75% XLV (Healthcare)
73% XBI (Biotech)
73% XLK (Information Technology)
71% XLE (Energy)
69% XLI (Industrials)
65% XRT (Retail)
55% GXC (China)
52% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 73% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 3, 2016
91% XTL (Telecommunications)
87% XLU (Utilities)
87% XBI (Biotech)
86% XLF (Financials)
84% XLV (Healthcare)
80% XLK (Information Technology)
74% XLI (Industrials)
73% XLB (Materials)
69% XLE (Energy)
61% GXC (China)
59% XRT (Retail)
51% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 75% KEY: 52%-100% = Positive, 48%-0% = Negative
Selected Stocks this Week to SELL/Go-SHORT (6-27-16 to 7-1-16 "BEARISH":
AGG, AIQ, AMCX, ATHM, BAB, BND, BZQ, CHDN, CMCM, CMTL, CSIQ, DAL, DRV, ENT, EUM, FRGI, HMC, IRL, JBLU, LUX, PPLT, PRTK, PTSI, QQQX, QURE, RXDX, SHPG, SIG, SPWR, SRS, TACO, TI. (32, 6-24; vs. 39, 6-17; vs. 43, 6-10; vs. 31, 6-3) Conclusion: Selling remains subdued, even after the Brexit sell-off to the Lower Band of the trading range. This is no time to be complacent because the selling may need time to base.
3-Stock Picks of the Week "BULLISH BUY Go-Long" (6-27-16 to 7-1-16): "AWK, CWT and YORW"
#1-Stock Pick "BUY" of the Week
American Water Works Company, Inc., Earnings Reporting: 3-August-2016.
American Water Works Company, Inc. (06/24/16 Close 79.93) American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company offers water and wastewater services to approximately 1,600 communities in 16 states. It operates approximately 81 surface water treatment plants with approximately 500 groundwater treatment plants and 1,000 groundwater wells; 100 wastewater treatment facilities, 1,200 treated water storage facilities, 1,400 pumping stations, 81 dams, and 49,000 miles of mains and collection pipes. The company also undertakes contracts to design, build, operate, and maintain water and wastewater facilities for military bases, municipalities, the food and beverage industry, and other customers. In addition, it provides warranty-type services to homeowners and smaller commercial customers to protect against the cost of repairing broken or leaking water pipes or clogged or blocked sewer pipes, as well as interior electric line repairs; and water sourcing, transfer services, pipeline construction, water and equipment hauling, and water storage solutions for natural gas exploration and production companies. The company serves residential customers; commercial customers, such as offices, retail stores, and restaurants; industrial customers, including manufacturing and production operations; public authorities, which comprise government buildings and other public sector facilities; and other water utilities, as well as supplies water to public fire hydrants for firefighting purposes, and private fire customers for use in fire suppression systems in office buildings and other facilities, as well as to other water utilities. American Water Works Company, Inc. serves approximately 15 million people with drinking water, wastewater, and other water-related services in 47 states, the District of Columbia, and Ontario, Canada. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.
AWK 06/27/16 Forecast
Opening Fair Value: 79.27
Today's Predicted High: 80.60
Today's Predicted Low: 79.27
Today's Proposed Range: 1.33
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
81.26 Upside Potential R2
80.60 Upside Potential R1
80.03 High Level R2
79.94 Low Level R1
79.27 Pivot Point
79.27 High Level S1
78.61 Low Level S2
78.60 Downside Potential S1
76.13 Downside Potential S2
#2-Stock Pick "BUY" of the Week ("CWT")
California Water Service Group, Earnings Reporting: 27-July-2016.
California Water Service Group (06/24/16 Close 33.45) California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It provides its services to approximately 480,300 customers in 83 California communities; 4,300 water and wastewater customers on the islands of Maui and Hawaii; 16,500 customers in the Tacoma and Olympia areas in Washington; and 7,900 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. The company is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing of third-party insurance programs to its residential customers; operating recycled water systems; providing lab services; and selling surplus property. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
CWT 06/27/16 Forecast
Opening Fair Value: 33.21
Today's Predicted High: 33.70
Today's Predicted Low: 33.21
Today's Proposed Range: 0.49
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
33.94 Upside Potential R2
33.70 Upside Potential R1
33.55 High Level R2
33.46 Low Level R1
33.21 Pivot Point
33.21 High Level S1
32.97 Low Level S2
32.96 Downside Potential S1
30.99 Downside Potential S2
#3-Stock Pick "BUY" of the Week ("YORW")
The York Water Company, Earnings Reporting: 4-August-2016.
The York Water Company (06/24/16 Close 30.72) The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection and treatment systems; and has two reservoirs comprising Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. The company also has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns five wells providing that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County. It serves customers in 39 municipalities within York County and 9 municipalities within Adams County, Pennsylvania. The company serves various customers in fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, injectable drug delivery systems, air conditioning systems, laundry detergent, barbells, and motorcycles industries. The York Water Company was founded in 1816 and is based in York, Pennsylvania.
YORW 06/27/16 Forecast
Opening Fair Value: 30.34
Today's Predicted High: 31.10
Today's Predicted Low: 30.34
Today's Proposed Range: 0.76
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
31.48 Upside Potential R2
31.10 Upside Potential R1
30.82 High Level R2
30.72 Low Level R1
30.34 Pivot Point
30.34 High Level S1
29.96 Low Level S2
29.96 Downside Potential S1
28.42 Downside Potential S2
Most Recent "Bullish" Stock Picks:
CNS, Inc. (06/17/16 Close 39.68); SCG (06/17/16 Close 71.42); AGX (06/10/16 Close 42.96); STR (06/10/16 Close 25.04); MKSI (06/3/16 Close 41.57); EXLS (06/3/16 Close 52.28); KELYA (05/27/16 Close 19.80); GEL (05/20/16 Close 38.22); HSKA (05/13/16 Close: 39.56); JEC (05/06/16 Close: 48.65); E (04/29/16 Close: 32.77); MKTX (04/22/16 Close: 129.46); HTS (04/15/16 Close: 15.94); SUI (04/08/16 Close: 71.51); PZE (04/01/16 Close: 6.57); EXA (03/24/16 Close: 13.49); JHX (03/11/16 Close: 13.82); ALE (03/04/16 Close: 54.91); CNSL (02/26/16 Close: 22.98); HSIC (02/19/16 Close: 166.24); EDE (02/12/16 Close: 32.99); AEM (02/05/16 Close: 33.51); LG (01/29/16 Close: 63.94); PRFT (01/22/16 Close: 18.78); XEL (01/15/16 Close: 36.50); MGEE (01/08/16 Close: 45.72).
Calendar of Economic Events and Corporate Earnings: Following the seemingly endless "Brexit" hype, focus will finally shift back to the home front. Highlighting the economic calendar are the final first-quarter gross domestic product (GDP) numbers, plus several speeches from Fed officials. Garnering the most attention will be Federal Reserve Chair Janet Yellen, who will speak in Portugal on Wednesday at a European Central Bank (ECB) conference. Meanwhile, it will be a relatively slow week for earnings, but major companies set to report results include Nike Inc (NYSE:NKE), Monsanto Company (NYSE:MON), and Micron Technology, Inc. (NASDAQ:MU).
Monday, June 27
The international trade balance is due out on Monday, as well as the Dallas Fed manufacturing survey. The earnings front is relatively quiet.
Tuesday, June 28
Final first-quarter GDP data will be released on Tuesday, along with the Conference Board's consumer confidence survey and the S&P/Case-Shiller home price index. NKE, Carnival Corp (CCL), and IHS Inc. (IHS) will step up to the earnings stage.
Wednesday, June 29
Fed Chair Janet Yellen will speak at an ECB conference in Portugal on Wednesday. Also, personal income and spending data will be released, as well as the pending home sales index and the regularly scheduled crude inventories update. Among the companies set to release earnings are Acuity Brands (AYI), General Mills (GIS), MON, and Pier 1 Imports (PIR).
Thursday, June 30
The Chicago purchasing managers index (PMI) and weekly jobless claims are due on Thursday. St. Louis Fed President James Bullard will speak, as well. ConAgra (CAG), Constellation Brands (STZ), Darden Restaurants (DRI), McCormick & Company (MKC), MU, Schnitzer Steel (SCHN), Paychex (PAYX), and Progress Software (PRGS) will all take their turns in the earnings confessional.
Friday, July 1
On Friday, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, and construction spending will hit the Street, while Cleveland Fed President Loretta Mester will speak in London. There are no notable earnings reports scheduled.
Good luck and good trading!
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Sunday, June 26, 2016
Stock Market Key Metrics, 3-Stock Picks "BUYS" of the Week, Trading DIA Monday, Bearish Stocks to "SELL Now", SPDR 12 SELECT SECTORS ETFs, Calendar of Economic Events and Corporate Earnings
[Next Day's Advance Market Decisions]
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Information provided by: www.MktMetrics.com Premium
Friday June 24, 2016 DJIA Closed: 17400.75 -610.32 vs. 17675.16 -57.95 Prior week, -2.27% BELOW its FALLING 21-day moving average of 17805.77 vs. 17765.75 Prior week. (Overbought: Above 21-DMA +4.61 reached on 10-23-15) vs. (Oversold: Below 21-DMA -6.21% reached on 1-15-16 (Historic High: 10.56% on 3-26-09 vs. Historic Low: -26.03% on 5-7-10). Upper 3.5% band: 18429U vs. Lower 3.5% band: 17182.60U
DJIA Linear Regression: Rose 0.13U vs. -0.01N Prior Week (Historic High: +2.16 8-14-13 / Historic Low: -.82 02-12-16)(DJIA Least Squares Regression Channel Top: New High 18,688U and Channel Bottom: Rose 16,090U.) Historic High 18,688.75 6-24-16, bottomed 3-24-16 Low 15,542.
DIA Trend: 8-day M/A 177.19D vs. 21-day M/A 177.96U Spread: -0.77D vs. +0.32D Prior Week ("M/A Trend Crossover SELL Signal" occurred on 7-24-16.) (Historic High Spread: +5.30 11-7-14 / Historic Low Spread: -7.14 8-15-11). (*A Favorite Indicator as the Spread acts as an early warning signal of a shift in portfolio positions by smart money moving in, or out, of the DIA.)
DIA Price Volatility: Increased Friday 7.70 Up from -0.32 Thursday.
(Historic High: 35.10 8-25-15, Low: -10.76% 8-31-15)
DIA Proposed Range: Monday 1.22 vs. 3.38 Actual Range Friday.
(Historic High: 4.31 3-31-09 & 4.09 12-18-14 / Historic Low: 0.63% 5-19-14)
DIA Price Momentum: Fell 71%D vs. 84%N Prior week (Historic High: 100% 2-22-12, 97% 4-22-16 / Historic Low: 3% on 9-4-15, 3% 8-21-15, 3% 8-19-11, 3% 6-30-09, and 3% on 10-22-08)
DIA MACD: MACD Crossover "SELL" Signal on 6-14-16. Sell remains in effect.
DIA 5-Day Stochastic%D: Rose 48U vs. 39D Prior week (Historic High: 100 / Historic Low: 0)
DIA Relative Strength 14-Day: Fell 34%D vs. 39%D Prior week
(High 100 3-19-10 / Low 0 7-6-10 & 8-10-11) (Overbought =+75) / (Oversold =-25)
DIA Commodity Channel Index: Fell -183D vs. -102D Prior week (Overbought: =>+200 / Oversold: =<-200>) (Historic High: 309.49 12-12-14, 306 11-4-10 / Historic Low: -318 5-6-10, -312 8-21-15.)
McClellan Oscillator: Rose -65.85U vs. -85.92D Prior week (an overbought / oversold indicator.) (Historic High: 386.03 1-6-09 & 332.00 3-3-16 / Historic Low: -438.08 8-8-11)
Summation Index: Fell 3383.19D vs. 3417.39D Prior week ("Bull Market Breakout" +2500.00 / "Bear Market Breakdown" -2500.00)(Historic High: 5599.98 9-22-09 / Historic Low: -4699.43 11-20-08)
NYSE Composite Cumulative Unadjusted Up-Vol. minus Down-Vol: "MAJOR SELL" Signal occurred Friday, 6-24-16 DJIA at 17,838.56, "Resistance" at DJIA 18,083 met on 4-20-16. ROC 23.72% vs. 22.34% Prior Week, Annual ROC -3.59% vs. 0.91% Prior Week.
(Overbought: +23 / Oversold: -23) (Annual ROC Historic High: +26.60 5-17-13 / Historic Low: -23.24% 1-27-12)
Exchange Insiders' Inventory: Fell -.05D vs. .08N Prior Week (Historic High: +44 11-20-14 / Historic Low: -46 12-19-11) Mean= -2
DIA Outlook: Fell 69%D vs. 74%D Prior Week (*A Favorite Indicator as it tracks Institutional Sentiment.) (Historic High: 96% 7-28-09 / Historic Low: 2% 3-11-09)
DIA Probability of Being "UP" Monday, 6-27-16: 100% vs. 61% Last Monday
(a reading of 52+ is positive, a reading of 48- is negative) (Historic High: 100 / Historic Low: 0)
Dow 30 + DIA: 19 Buy vs. 12 Sell, Fell 61%D vs. 71%D Prior Week. (A reading of 52+ is Positive, a reading of 48- is Negative.) (*A Favorite Indicator as its direction most often predicts near term market action.) (an 87%+ reading is Overbought 97% was reached 4-1-16); (a 13% reading is Oversold, reached on 12-3-15 & 6-15-15, 10% on 8-26-15, 6% on 9-11-15.) (Historic High: 100 / Historic Low: 0)
DIA Directional Indicator: Fell -28D vs. 18D Prior Week (Historic High: 133 10-28-15 / Historic Low: -117 8-26-15)
SPY Directional Indicator: Fell -33D vs. 29D Prior Week (Historic High: 149 10-28-15 / Historic Low: -127 8-26-15)
QQQ Directional Indicator: Fell -25D vs. 24D Prior Week (Historic High: 121 10-28-15 / Historic Low: -71 1-8-16)
IWB Directional Indicator: Fell -15D vs. 30U Prior Week (Historic High: 94 11-14-14 / Historic Low: -87 8-28-15)
IWM Directional Indicator: Fell 3D vs. 42D Prior Week (Historic High: 91 11-14-14 / Historic Low: -87 8-28-15)
IWM/IWB Computation: (IWM Close 112.55 vs. IWB Close 113.47) Spread: +0.99D vs. +1.01D Prior Week (Small Cap Relative Strength Ratio is calculated taking the daily closing value of the Russell 2000 Index, and dividing it by the Russell 1000. If the line moves upward, then the Russell 2000 is outperforming on a relative basis.
That can mean going up faster, or going down more slowly. If the line is moving downward, then the small cap universe is generally doing worse than the large caps, on a relative basis. (*A Favorite Indicator as the Spread points to a shift in portfolio positions by risk capital investors moving in, or out, of Small Cap stocks.)
Market Comment: The second-quarter earnings season hits full force in mid-July. Improved earnings reports from U.S. companies could be good news for stocks, as they would make higher share prices justifiable on a price-earnings basis.
S&P 500 companies on average are expected to report a 3.9 percent decline in second-quarter earnings from the same quarter a year ago and a 2.3 percent increase in September-quarter earnings, according to Thomson Reuters data. However, estimates for multinationals could be cut due to the Brexit vote.
DIA 06/27/16 Forecast
Opening Fair Value: 174.37
Today's Predicted High: 174.37
Today's Predicted Low: 173.15
Today's Proposed Range: 1.22
Buy/Sell Rating: Buy
Binary Ladder Pricing
174.98 Upside Potential R2
174.98 Upside Potential R1
174.60 High Level R2
174.37 Low Level R1
174.37 Pivot Point
173.76 High Level S1
173.15 Low Level S2
172.54 Downside Potential S1
171.06 Downside Potential S2
SPDR 12 SELECT SECTORS ETFs
WEEKLY COMPARISONS
Week ending June 24, 2016
86% XLU (Utilities)
74% XTL (Telecommunications)
63% XLB (Materials)
60% XLE (Energy)
58% XLV (Healthcare)
57% XRT (Retail)
54% XLF (Financials)
52% XLI (Industrials)
50% XLK (Information Technology)
45% GXC (China)
43% XLY & XLP (Consumer Discretionary & Staples combined)
33% XBI (Biotech)
AVERAGE: 56% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 17, 2016
87% XLU (Utilities)
83% XTL (Telecommunications)
80% XLB (Materials)
65% XLE (Energy)
64% XLI (Industrials)
63% XLV (Healthcare)
62% XLK (Information Technology)
60% XRT (Retail)
58% XLF (Financials)
52% XLY & XLP (Consumer Discretionary & Staples combined)
46% GXC (China)
45% XBI (Biotech)
AVERAGE: 64% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 10, 2016
88% XLU (Utilities)
87% XTL (Telecommunications)
82% XLB (Materials)
81% XLF (Financials)
75% XLV (Healthcare)
73% XBI (Biotech)
73% XLK (Information Technology)
71% XLE (Energy)
69% XLI (Industrials)
65% XRT (Retail)
55% GXC (China)
52% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 73% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 3, 2016
91% XTL (Telecommunications)
87% XLU (Utilities)
87% XBI (Biotech)
86% XLF (Financials)
84% XLV (Healthcare)
80% XLK (Information Technology)
74% XLI (Industrials)
73% XLB (Materials)
69% XLE (Energy)
61% GXC (China)
59% XRT (Retail)
51% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 75% KEY: 52%-100% = Positive, 48%-0% = Negative
Selected Stocks this Week to SELL/Go-SHORT (6-27-16 to 7-1-16 "BEARISH":
AGG, AIQ, AMCX, ATHM, BAB, BND, BZQ, CHDN, CMCM, CMTL, CSIQ, DAL, DRV, ENT, EUM, FRGI, HMC, IRL, JBLU, LUX, PPLT, PRTK, PTSI, QQQX, QURE, RXDX, SHPG, SIG, SPWR, SRS, TACO, TI. (32, 6-24; vs. 39, 6-17; vs. 43, 6-10; vs. 31, 6-3) Conclusion: Selling remains subdued, even after the Brexit sell-off to the Lower Band of the trading range. This is no time to be complacent because the selling may need time to base.
3-Stock Picks of the Week "BULLISH BUY Go-Long" (6-27-16 to 7-1-16): "AWK, CWT and YORW"
#1-Stock Pick "BUY" of the Week
American Water Works Company, Inc., Earnings Reporting: 3-August-2016.
American Water Works Company, Inc. (06/24/16 Close 79.93) American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company offers water and wastewater services to approximately 1,600 communities in 16 states. It operates approximately 81 surface water treatment plants with approximately 500 groundwater treatment plants and 1,000 groundwater wells; 100 wastewater treatment facilities, 1,200 treated water storage facilities, 1,400 pumping stations, 81 dams, and 49,000 miles of mains and collection pipes. The company also undertakes contracts to design, build, operate, and maintain water and wastewater facilities for military bases, municipalities, the food and beverage industry, and other customers. In addition, it provides warranty-type services to homeowners and smaller commercial customers to protect against the cost of repairing broken or leaking water pipes or clogged or blocked sewer pipes, as well as interior electric line repairs; and water sourcing, transfer services, pipeline construction, water and equipment hauling, and water storage solutions for natural gas exploration and production companies. The company serves residential customers; commercial customers, such as offices, retail stores, and restaurants; industrial customers, including manufacturing and production operations; public authorities, which comprise government buildings and other public sector facilities; and other water utilities, as well as supplies water to public fire hydrants for firefighting purposes, and private fire customers for use in fire suppression systems in office buildings and other facilities, as well as to other water utilities. American Water Works Company, Inc. serves approximately 15 million people with drinking water, wastewater, and other water-related services in 47 states, the District of Columbia, and Ontario, Canada. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.
AWK 06/27/16 Forecast
Opening Fair Value: 79.27
Today's Predicted High: 80.60
Today's Predicted Low: 79.27
Today's Proposed Range: 1.33
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
81.26 Upside Potential R2
80.60 Upside Potential R1
80.03 High Level R2
79.94 Low Level R1
79.27 Pivot Point
79.27 High Level S1
78.61 Low Level S2
78.60 Downside Potential S1
76.13 Downside Potential S2
#2-Stock Pick "BUY" of the Week ("CWT")
California Water Service Group, Earnings Reporting: 27-July-2016.
California Water Service Group (06/24/16 Close 33.45) California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It provides its services to approximately 480,300 customers in 83 California communities; 4,300 water and wastewater customers on the islands of Maui and Hawaii; 16,500 customers in the Tacoma and Olympia areas in Washington; and 7,900 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. The company is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing of third-party insurance programs to its residential customers; operating recycled water systems; providing lab services; and selling surplus property. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
CWT 06/27/16 Forecast
Opening Fair Value: 33.21
Today's Predicted High: 33.70
Today's Predicted Low: 33.21
Today's Proposed Range: 0.49
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
33.94 Upside Potential R2
33.70 Upside Potential R1
33.55 High Level R2
33.46 Low Level R1
33.21 Pivot Point
33.21 High Level S1
32.97 Low Level S2
32.96 Downside Potential S1
30.99 Downside Potential S2
#3-Stock Pick "BUY" of the Week ("YORW")
The York Water Company, Earnings Reporting: 4-August-2016.
The York Water Company (06/24/16 Close 30.72) The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection and treatment systems; and has two reservoirs comprising Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. The company also has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns five wells providing that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County. It serves customers in 39 municipalities within York County and 9 municipalities within Adams County, Pennsylvania. The company serves various customers in fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, injectable drug delivery systems, air conditioning systems, laundry detergent, barbells, and motorcycles industries. The York Water Company was founded in 1816 and is based in York, Pennsylvania.
YORW 06/27/16 Forecast
Opening Fair Value: 30.34
Today's Predicted High: 31.10
Today's Predicted Low: 30.34
Today's Proposed Range: 0.76
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
31.48 Upside Potential R2
31.10 Upside Potential R1
30.82 High Level R2
30.72 Low Level R1
30.34 Pivot Point
30.34 High Level S1
29.96 Low Level S2
29.96 Downside Potential S1
28.42 Downside Potential S2
Most Recent "Bullish" Stock Picks:
CNS, Inc. (06/17/16 Close 39.68); SCG (06/17/16 Close 71.42); AGX (06/10/16 Close 42.96); STR (06/10/16 Close 25.04); MKSI (06/3/16 Close 41.57); EXLS (06/3/16 Close 52.28); KELYA (05/27/16 Close 19.80); GEL (05/20/16 Close 38.22); HSKA (05/13/16 Close: 39.56); JEC (05/06/16 Close: 48.65); E (04/29/16 Close: 32.77); MKTX (04/22/16 Close: 129.46); HTS (04/15/16 Close: 15.94); SUI (04/08/16 Close: 71.51); PZE (04/01/16 Close: 6.57); EXA (03/24/16 Close: 13.49); JHX (03/11/16 Close: 13.82); ALE (03/04/16 Close: 54.91); CNSL (02/26/16 Close: 22.98); HSIC (02/19/16 Close: 166.24); EDE (02/12/16 Close: 32.99); AEM (02/05/16 Close: 33.51); LG (01/29/16 Close: 63.94); PRFT (01/22/16 Close: 18.78); XEL (01/15/16 Close: 36.50); MGEE (01/08/16 Close: 45.72).
Calendar of Economic Events and Corporate Earnings: Following the seemingly endless "Brexit" hype, focus will finally shift back to the home front. Highlighting the economic calendar are the final first-quarter gross domestic product (GDP) numbers, plus several speeches from Fed officials. Garnering the most attention will be Federal Reserve Chair Janet Yellen, who will speak in Portugal on Wednesday at a European Central Bank (ECB) conference. Meanwhile, it will be a relatively slow week for earnings, but major companies set to report results include Nike Inc (NYSE:NKE), Monsanto Company (NYSE:MON), and Micron Technology, Inc. (NASDAQ:MU).
Monday, June 27
The international trade balance is due out on Monday, as well as the Dallas Fed manufacturing survey. The earnings front is relatively quiet.
Tuesday, June 28
Final first-quarter GDP data will be released on Tuesday, along with the Conference Board's consumer confidence survey and the S&P/Case-Shiller home price index. NKE, Carnival Corp (CCL), and IHS Inc. (IHS) will step up to the earnings stage.
Wednesday, June 29
Fed Chair Janet Yellen will speak at an ECB conference in Portugal on Wednesday. Also, personal income and spending data will be released, as well as the pending home sales index and the regularly scheduled crude inventories update. Among the companies set to release earnings are Acuity Brands (AYI), General Mills (GIS), MON, and Pier 1 Imports (PIR).
Thursday, June 30
The Chicago purchasing managers index (PMI) and weekly jobless claims are due on Thursday. St. Louis Fed President James Bullard will speak, as well. ConAgra (CAG), Constellation Brands (STZ), Darden Restaurants (DRI), McCormick & Company (MKC), MU, Schnitzer Steel (SCHN), Paychex (PAYX), and Progress Software (PRGS) will all take their turns in the earnings confessional.
Friday, July 1
On Friday, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, and construction spending will hit the Street, while Cleveland Fed President Loretta Mester will speak in London. There are no notable earnings reports scheduled.
Good luck and good trading!
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Friday June 24, 2016 DJIA Closed: 17400.75 -610.32 vs. 17675.16 -57.95 Prior week, -2.27% BELOW its FALLING 21-day moving average of 17805.77 vs. 17765.75 Prior week. (Overbought: Above 21-DMA +4.61 reached on 10-23-15) vs. (Oversold: Below 21-DMA -6.21% reached on 1-15-16 (Historic High: 10.56% on 3-26-09 vs. Historic Low: -26.03% on 5-7-10). Upper 3.5% band: 18429U vs. Lower 3.5% band: 17182.60U
DJIA Linear Regression: Rose 0.13U vs. -0.01N Prior Week (Historic High: +2.16 8-14-13 / Historic Low: -.82 02-12-16)(DJIA Least Squares Regression Channel Top: New High 18,688U and Channel Bottom: Rose 16,090U.) Historic High 18,688.75 6-24-16, bottomed 3-24-16 Low 15,542.
DIA Trend: 8-day M/A 177.19D vs. 21-day M/A 177.96U Spread: -0.77D vs. +0.32D Prior Week ("M/A Trend Crossover SELL Signal" occurred on 7-24-16.) (Historic High Spread: +5.30 11-7-14 / Historic Low Spread: -7.14 8-15-11). (*A Favorite Indicator as the Spread acts as an early warning signal of a shift in portfolio positions by smart money moving in, or out, of the DIA.)
DIA Price Volatility: Increased Friday 7.70 Up from -0.32 Thursday.
(Historic High: 35.10 8-25-15, Low: -10.76% 8-31-15)
DIA Proposed Range: Monday 1.22 vs. 3.38 Actual Range Friday.
(Historic High: 4.31 3-31-09 & 4.09 12-18-14 / Historic Low: 0.63% 5-19-14)
DIA Price Momentum: Fell 71%D vs. 84%N Prior week (Historic High: 100% 2-22-12, 97% 4-22-16 / Historic Low: 3% on 9-4-15, 3% 8-21-15, 3% 8-19-11, 3% 6-30-09, and 3% on 10-22-08)
DIA MACD: MACD Crossover "SELL" Signal on 6-14-16. Sell remains in effect.
DIA 5-Day Stochastic%D: Rose 48U vs. 39D Prior week (Historic High: 100 / Historic Low: 0)
DIA Relative Strength 14-Day: Fell 34%D vs. 39%D Prior week
(High 100 3-19-10 / Low 0 7-6-10 & 8-10-11) (Overbought =+75) / (Oversold =-25)
DIA Commodity Channel Index: Fell -183D vs. -102D Prior week (Overbought: =>+200 / Oversold: =<-200>) (Historic High: 309.49 12-12-14, 306 11-4-10 / Historic Low: -318 5-6-10, -312 8-21-15.)
McClellan Oscillator: Rose -65.85U vs. -85.92D Prior week (an overbought / oversold indicator.) (Historic High: 386.03 1-6-09 & 332.00 3-3-16 / Historic Low: -438.08 8-8-11)
Summation Index: Fell 3383.19D vs. 3417.39D Prior week ("Bull Market Breakout" +2500.00 / "Bear Market Breakdown" -2500.00)(Historic High: 5599.98 9-22-09 / Historic Low: -4699.43 11-20-08)
NYSE Composite Cumulative Unadjusted Up-Vol. minus Down-Vol: "MAJOR SELL" Signal occurred Friday, 6-24-16 DJIA at 17,838.56, "Resistance" at DJIA 18,083 met on 4-20-16. ROC 23.72% vs. 22.34% Prior Week, Annual ROC -3.59% vs. 0.91% Prior Week.
(Overbought: +23 / Oversold: -23) (Annual ROC Historic High: +26.60 5-17-13 / Historic Low: -23.24% 1-27-12)
Exchange Insiders' Inventory: Fell -.05D vs. .08N Prior Week (Historic High: +44 11-20-14 / Historic Low: -46 12-19-11) Mean= -2
DIA Outlook: Fell 69%D vs. 74%D Prior Week (*A Favorite Indicator as it tracks Institutional Sentiment.) (Historic High: 96% 7-28-09 / Historic Low: 2% 3-11-09)
DIA Probability of Being "UP" Monday, 6-27-16: 100% vs. 61% Last Monday
(a reading of 52+ is positive, a reading of 48- is negative) (Historic High: 100 / Historic Low: 0)
Dow 30 + DIA: 19 Buy vs. 12 Sell, Fell 61%D vs. 71%D Prior Week. (A reading of 52+ is Positive, a reading of 48- is Negative.) (*A Favorite Indicator as its direction most often predicts near term market action.) (an 87%+ reading is Overbought 97% was reached 4-1-16); (a 13% reading is Oversold, reached on 12-3-15 & 6-15-15, 10% on 8-26-15, 6% on 9-11-15.) (Historic High: 100 / Historic Low: 0)
DIA Directional Indicator: Fell -28D vs. 18D Prior Week (Historic High: 133 10-28-15 / Historic Low: -117 8-26-15)
SPY Directional Indicator: Fell -33D vs. 29D Prior Week (Historic High: 149 10-28-15 / Historic Low: -127 8-26-15)
QQQ Directional Indicator: Fell -25D vs. 24D Prior Week (Historic High: 121 10-28-15 / Historic Low: -71 1-8-16)
IWB Directional Indicator: Fell -15D vs. 30U Prior Week (Historic High: 94 11-14-14 / Historic Low: -87 8-28-15)
IWM Directional Indicator: Fell 3D vs. 42D Prior Week (Historic High: 91 11-14-14 / Historic Low: -87 8-28-15)
IWM/IWB Computation: (IWM Close 112.55 vs. IWB Close 113.47) Spread: +0.99D vs. +1.01D Prior Week (Small Cap Relative Strength Ratio is calculated taking the daily closing value of the Russell 2000 Index, and dividing it by the Russell 1000. If the line moves upward, then the Russell 2000 is outperforming on a relative basis.
That can mean going up faster, or going down more slowly. If the line is moving downward, then the small cap universe is generally doing worse than the large caps, on a relative basis. (*A Favorite Indicator as the Spread points to a shift in portfolio positions by risk capital investors moving in, or out, of Small Cap stocks.)
Market Comment: The second-quarter earnings season hits full force in mid-July. Improved earnings reports from U.S. companies could be good news for stocks, as they would make higher share prices justifiable on a price-earnings basis.
S&P 500 companies on average are expected to report a 3.9 percent decline in second-quarter earnings from the same quarter a year ago and a 2.3 percent increase in September-quarter earnings, according to Thomson Reuters data. However, estimates for multinationals could be cut due to the Brexit vote.
DIA 06/27/16 Forecast
Opening Fair Value: 174.37
Today's Predicted High: 174.37
Today's Predicted Low: 173.15
Today's Proposed Range: 1.22
Buy/Sell Rating: Buy
Binary Ladder Pricing
174.98 Upside Potential R2
174.98 Upside Potential R1
174.60 High Level R2
174.37 Low Level R1
174.37 Pivot Point
173.76 High Level S1
173.15 Low Level S2
172.54 Downside Potential S1
171.06 Downside Potential S2
SPDR 12 SELECT SECTORS ETFs
WEEKLY COMPARISONS
Week ending June 24, 2016
86% XLU (Utilities)
74% XTL (Telecommunications)
63% XLB (Materials)
60% XLE (Energy)
58% XLV (Healthcare)
57% XRT (Retail)
54% XLF (Financials)
52% XLI (Industrials)
50% XLK (Information Technology)
45% GXC (China)
43% XLY & XLP (Consumer Discretionary & Staples combined)
33% XBI (Biotech)
AVERAGE: 56% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 17, 2016
87% XLU (Utilities)
83% XTL (Telecommunications)
80% XLB (Materials)
65% XLE (Energy)
64% XLI (Industrials)
63% XLV (Healthcare)
62% XLK (Information Technology)
60% XRT (Retail)
58% XLF (Financials)
52% XLY & XLP (Consumer Discretionary & Staples combined)
46% GXC (China)
45% XBI (Biotech)
AVERAGE: 64% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 10, 2016
88% XLU (Utilities)
87% XTL (Telecommunications)
82% XLB (Materials)
81% XLF (Financials)
75% XLV (Healthcare)
73% XBI (Biotech)
73% XLK (Information Technology)
71% XLE (Energy)
69% XLI (Industrials)
65% XRT (Retail)
55% GXC (China)
52% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 73% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending June 3, 2016
91% XTL (Telecommunications)
87% XLU (Utilities)
87% XBI (Biotech)
86% XLF (Financials)
84% XLV (Healthcare)
80% XLK (Information Technology)
74% XLI (Industrials)
73% XLB (Materials)
69% XLE (Energy)
61% GXC (China)
59% XRT (Retail)
51% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 75% KEY: 52%-100% = Positive, 48%-0% = Negative
Selected Stocks this Week to SELL/Go-SHORT (6-27-16 to 7-1-16 "BEARISH":
AGG, AIQ, AMCX, ATHM, BAB, BND, BZQ, CHDN, CMCM, CMTL, CSIQ, DAL, DRV, ENT, EUM, FRGI, HMC, IRL, JBLU, LUX, PPLT, PRTK, PTSI, QQQX, QURE, RXDX, SHPG, SIG, SPWR, SRS, TACO, TI. (32, 6-24; vs. 39, 6-17; vs. 43, 6-10; vs. 31, 6-3) Conclusion: Selling remains subdued, even after the Brexit sell-off to the Lower Band of the trading range. This is no time to be complacent because the selling may need time to base.
3-Stock Picks of the Week "BULLISH BUY Go-Long" (6-27-16 to 7-1-16): "AWK, CWT and YORW"
#1-Stock Pick "BUY" of the Week
American Water Works Company, Inc., Earnings Reporting: 3-August-2016.
American Water Works Company, Inc. (06/24/16 Close 79.93) American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company offers water and wastewater services to approximately 1,600 communities in 16 states. It operates approximately 81 surface water treatment plants with approximately 500 groundwater treatment plants and 1,000 groundwater wells; 100 wastewater treatment facilities, 1,200 treated water storage facilities, 1,400 pumping stations, 81 dams, and 49,000 miles of mains and collection pipes. The company also undertakes contracts to design, build, operate, and maintain water and wastewater facilities for military bases, municipalities, the food and beverage industry, and other customers. In addition, it provides warranty-type services to homeowners and smaller commercial customers to protect against the cost of repairing broken or leaking water pipes or clogged or blocked sewer pipes, as well as interior electric line repairs; and water sourcing, transfer services, pipeline construction, water and equipment hauling, and water storage solutions for natural gas exploration and production companies. The company serves residential customers; commercial customers, such as offices, retail stores, and restaurants; industrial customers, including manufacturing and production operations; public authorities, which comprise government buildings and other public sector facilities; and other water utilities, as well as supplies water to public fire hydrants for firefighting purposes, and private fire customers for use in fire suppression systems in office buildings and other facilities, as well as to other water utilities. American Water Works Company, Inc. serves approximately 15 million people with drinking water, wastewater, and other water-related services in 47 states, the District of Columbia, and Ontario, Canada. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.
AWK 06/27/16 Forecast
Opening Fair Value: 79.27
Today's Predicted High: 80.60
Today's Predicted Low: 79.27
Today's Proposed Range: 1.33
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
81.26 Upside Potential R2
80.60 Upside Potential R1
80.03 High Level R2
79.94 Low Level R1
79.27 Pivot Point
79.27 High Level S1
78.61 Low Level S2
78.60 Downside Potential S1
76.13 Downside Potential S2
#2-Stock Pick "BUY" of the Week ("CWT")
California Water Service Group, Earnings Reporting: 27-July-2016.
California Water Service Group (06/24/16 Close 33.45) California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It provides its services to approximately 480,300 customers in 83 California communities; 4,300 water and wastewater customers on the islands of Maui and Hawaii; 16,500 customers in the Tacoma and Olympia areas in Washington; and 7,900 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. The company is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing of third-party insurance programs to its residential customers; operating recycled water systems; providing lab services; and selling surplus property. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
CWT 06/27/16 Forecast
Opening Fair Value: 33.21
Today's Predicted High: 33.70
Today's Predicted Low: 33.21
Today's Proposed Range: 0.49
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
33.94 Upside Potential R2
33.70 Upside Potential R1
33.55 High Level R2
33.46 Low Level R1
33.21 Pivot Point
33.21 High Level S1
32.97 Low Level S2
32.96 Downside Potential S1
30.99 Downside Potential S2
#3-Stock Pick "BUY" of the Week ("YORW")
The York Water Company, Earnings Reporting: 4-August-2016.
The York Water Company (06/24/16 Close 30.72) The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection and treatment systems; and has two reservoirs comprising Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. The company also has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns five wells providing that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County. It serves customers in 39 municipalities within York County and 9 municipalities within Adams County, Pennsylvania. The company serves various customers in fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, injectable drug delivery systems, air conditioning systems, laundry detergent, barbells, and motorcycles industries. The York Water Company was founded in 1816 and is based in York, Pennsylvania.
YORW 06/27/16 Forecast
Opening Fair Value: 30.34
Today's Predicted High: 31.10
Today's Predicted Low: 30.34
Today's Proposed Range: 0.76
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
31.48 Upside Potential R2
31.10 Upside Potential R1
30.82 High Level R2
30.72 Low Level R1
30.34 Pivot Point
30.34 High Level S1
29.96 Low Level S2
29.96 Downside Potential S1
28.42 Downside Potential S2
Most Recent "Bullish" Stock Picks:
CNS, Inc. (06/17/16 Close 39.68); SCG (06/17/16 Close 71.42); AGX (06/10/16 Close 42.96); STR (06/10/16 Close 25.04); MKSI (06/3/16 Close 41.57); EXLS (06/3/16 Close 52.28); KELYA (05/27/16 Close 19.80); GEL (05/20/16 Close 38.22); HSKA (05/13/16 Close: 39.56); JEC (05/06/16 Close: 48.65); E (04/29/16 Close: 32.77); MKTX (04/22/16 Close: 129.46); HTS (04/15/16 Close: 15.94); SUI (04/08/16 Close: 71.51); PZE (04/01/16 Close: 6.57); EXA (03/24/16 Close: 13.49); JHX (03/11/16 Close: 13.82); ALE (03/04/16 Close: 54.91); CNSL (02/26/16 Close: 22.98); HSIC (02/19/16 Close: 166.24); EDE (02/12/16 Close: 32.99); AEM (02/05/16 Close: 33.51); LG (01/29/16 Close: 63.94); PRFT (01/22/16 Close: 18.78); XEL (01/15/16 Close: 36.50); MGEE (01/08/16 Close: 45.72).
Calendar of Economic Events and Corporate Earnings: Following the seemingly endless "Brexit" hype, focus will finally shift back to the home front. Highlighting the economic calendar are the final first-quarter gross domestic product (GDP) numbers, plus several speeches from Fed officials. Garnering the most attention will be Federal Reserve Chair Janet Yellen, who will speak in Portugal on Wednesday at a European Central Bank (ECB) conference. Meanwhile, it will be a relatively slow week for earnings, but major companies set to report results include Nike Inc (NYSE:NKE), Monsanto Company (NYSE:MON), and Micron Technology, Inc. (NASDAQ:MU).
Monday, June 27
The international trade balance is due out on Monday, as well as the Dallas Fed manufacturing survey. The earnings front is relatively quiet.
Tuesday, June 28
Final first-quarter GDP data will be released on Tuesday, along with the Conference Board's consumer confidence survey and the S&P/Case-Shiller home price index. NKE, Carnival Corp (CCL), and IHS Inc. (IHS) will step up to the earnings stage.
Wednesday, June 29
Fed Chair Janet Yellen will speak at an ECB conference in Portugal on Wednesday. Also, personal income and spending data will be released, as well as the pending home sales index and the regularly scheduled crude inventories update. Among the companies set to release earnings are Acuity Brands (AYI), General Mills (GIS), MON, and Pier 1 Imports (PIR).
Thursday, June 30
The Chicago purchasing managers index (PMI) and weekly jobless claims are due on Thursday. St. Louis Fed President James Bullard will speak, as well. ConAgra (CAG), Constellation Brands (STZ), Darden Restaurants (DRI), McCormick & Company (MKC), MU, Schnitzer Steel (SCHN), Paychex (PAYX), and Progress Software (PRGS) will all take their turns in the earnings confessional.
Friday, July 1
On Friday, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, and construction spending will hit the Street, while Cleveland Fed President Loretta Mester will speak in London. There are no notable earnings reports scheduled.
Good luck and good trading!
MktMetrics, Inc. Web Partners include:
Lightspeed Trading, LLC
Lightspeed Trading, LLC provides securities and direct access brokerage, trading, and order routing services. It offers Lightspeed Trader, a market access trading system for executing equities, options, and futures. The company also provides Lightspeed Risk, an equity risk management application for monitoring profit and loss, and stock activities and positions. It was formerly known as E*TRADE Professional Trading, LLC and changed its name to Lightspeed Trading, LLC in 2006. The company is based in New York, New York. Lightspeed Trading, LLC operates as a subsidiary of Lightspeed Financial, LLC.
Interactive Brokers Group, Inc.
Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 80 market destinations worldwide. In its broker dealer agency business, IB provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds and funds worldwide. In its proprietary trading business IB engages in market making for its own account in about Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, India, China and 6,500 different electronically traded products. Interactive Brokers' headquarters are in Greenwich Connecticut, and it has about 800 employees in its offices in the USA, Estonia. IB is regulated by the SEC, FINRA, NYSE, SFA and other regulatory agencies around the world.
Disclaimer:
The information and data contained in this site was obtained from independent research and development believed to be reliable, but accuracy is not guaranteed. Neither the information, nor any opinion expressed, constitutes a recommendation to purchase or sell a security, or to provide investment advice. Stocks and stock options involve risks and are not suitable for all investors. This site is not a solicitation of an offer to buy shares in any fund whose performance is provided in this site. Such an offer can be solicited only by a fund directly or its agent.
Friday, June 24, 2016
It happened on 06/17/16 MktMetrics DIA Stock Volatility: 6.14 was the reading
The MktMetrics DIA Stock Volatility: 6.14 from trading day 06/17/16 alerted Premium Subscribers to prepare for an "extreme move in the stock market" within 5 trading days.
Yesterday the Dow was up 230+ points, today it was down 611, five days after the signal.
Another great MktMetrics signal is the "Probability to be Up Tomorrow."
Thursday said 81% and the Dow closed up 230+ points.
Friday said only 3% and the Dow closed down 611 points.
"Catch the turn" before it happens. Follow this signal. Its accuracy is amazing.
Thursday, June 9, 2016
This can happen to you with the right information the night before trading
Beginning Balance: $50,000.00 12-9-15 Nadex Account: 124 Days (93/124= 75.0% Accurate)
Evidence-based Performance: $63,800.65-50,000.00=+$13,800.7(+27.6%ROI since inception)
TOTAL TRANSACTIONS: 260,124 since inception
Days Day Date (+/-)
124. Wednesday 6-8-16 (+)
Balance: $63,800.65
+347.55 Gain
123. Tuesday 6-7-16 (+)
Balance: $63,453.10
+2,269.60 Gain
122. Monday 6-6-16 (+)
Balance: $61,183.50
+407.60 Gain
121. Friday 6-3-16 (+)
Balance: $60,775.90
+1,470.00 Gain
Thanks MktMetrics.com!
Sunday, June 5, 2016
Stock Market Key Metrics, 2-Stock Picks "BUYS" of the Week, Trading DIA Monday, Bearish Stocks to "SELL Now", SPDR 12 SELECT SECTORS ETFs, Calendar of Economic Events and Corporate Earnings
Information provided by: www.MktMetrics.com Premium
Friday June 3, 2016 DJIA Closed: 17807.06 -31.5 vs. 17873.22 +44.93 Prior week, .61% ABOVE its RISING 21-day moving average of 17699.08 vs. 17691.67 Prior week. (Overbought: Above 21-DMA +4.61 reached on 10-23-15) vs. (Oversold: Below 21-DMA -6.21% reached on 1-15-16 (Historic High: 10.56% on 3-26-09 vs. Historic Low: -26.03% on 5-7-10). Upper 3.5% band: 18393.60 vs. Lower 3.5% band: 17149.60
DJIA Linear Regression: Fell -0.01D vs. -0.02D Prior Week (Historic High: +2.16 8-14-13 / Historic Low: -.82 02-12-16)
(DJIA Least Squares Regression Channel Top: New High 18,509U and Channel Bottom: Rose 15,884U.) Historic High 18,509.73 6-3-16, bottomed 3-24-16 Low 15,542.
DIA M/A Trend: 8-day M/A 177.93U vs. 21-day M/A 176.96U Spread: +0.97U vs. -0.43U Prior Week ("M/A Trend Crossover BUY Signal" occurred on 6-2-16.) (Historic High Spread: +5.30 11-7-14 / Historic Low Spread: -7.14 8-15-11). (*A Favorite Indicator as the Spread acts as an early warning signal of a shift in portfolio positions by smart money moving in, or out, of the DIA.)
DIA Price Volatility: Increased Friday 2.22 Up from 2.19 Thursday.
(Historic High: 35.10 8-25-15, Low: -10.76% 8-31-15)
DIA Proposed Range: Monday 1.08 vs. 1.46 Actual Range Friday.
(Historic High: 4.31 3-31-09 & 4.09 12-18-14 / Historic Low: 0.63% 5-19-14)
DIA Price Momentum: Rose 97%U vs. 94%U Prior week (Historic High: 100% 2-22-12, 97% 4-22-16 / Historic Low: 3% on 9-4-15, 3% 8-21-15, 3% 8-19-11, 3% 6-30-09, and 3% on 10-22-08)
DIA MACD: MACD Crossover "BUY" Signal on 5-25-16. Buy remains in effect.
DIA 5-Day Stochastic%D: Fell 61D vs. 87U Prior week (Historic High: 100 / Historic Low: 0)
DIA Relative Strength 14-Day: Rose 62%U vs. 55%U Prior week
(High 100 3-19-10 / Low 0 7-6-10 & 8-10-11) (Overbought =+75) / (Oversold =-25)
DIA Commodity Channel Index: Fell 50D vs. 114U Prior week (Overbought: =>+200 / Oversold: =<-200>) (Historic High: 309.49 12-12-14, 306 11-4-10 / Historic Low: -318 5-6-10, -312 8-21-15.)
McClellan Oscillator: Rose 91.90U vs. 64.41U Prior week (an overbought / oversold indicator.) (Historic High: 386.03 1-6-09 & 332.00 3-3-16 / Historic Low: -438.08 8-8-11)
Summation Index: Rose 3606.41U vs. 3268.28U Prior week ("Bull Market Breakout" +2500.00 / "Bear Market Breakdown" -2500.00)(Historic High: 5599.98 9-22-09 / Historic Low: -4699.43 11-20-08)
NYSE Composite Cumulative Unadjusted Up-Vol. minus Down-Vol: "MAJOR BUY" Signal occurred Thursday, 6-2-16 DJIA at 17,838.56, "Resistance" at DJIA 18,083 met on 4-20-16. ROC 27.18% vs. 26.37% Prior Week, Annual ROC -1.85% vs. -.79% Prior Week.
(Overbought: +23 / Oversold: -23) (Annual ROC Historic High: +26.60 5-17-13 / Historic Low: -23.24% 1-27-12)
Exchange Insiders' Inventory: Rose .07U vs. .04U Prior Week (Historic High: +44 11-20-14 / Historic Low: -46 12-19-11) Mean= -2
DIA Outlook: Rose 82%U vs. 69%U Prior Week (*A Favorite Indicator as it tracks Institutional Sentiment.) (Historic High: 96% 7-28-09 / Historic Low: 2% 3-11-09)
DIA Probability of Being "UP" Monday, 6-6-16: 55% vs. 16% Last Monday
(a reading of 52+ is positive, a reading of 48- is negative) (Historic High: 100 / Historic Low: 0)
Dow 30 + DIA: 24 Buy vs. 7 Sell, Rose 77%U vs. 65%U Prior Week. (A reading of 52+ is Positive, a reading of 48- is Negative.) (*A Favorite Indicator as its direction most often predicts near term market action.) (an 87%+ reading is Overbought 97% was reached 4-1-16, a 13% reading is Oversold, reached on 12-3-15 & 6-15-15, 10% on 8-26-15, 6% on 9-11-15.) (Historic High: 100 / Historic Low: 0)
DIA Directional Indicator: Rose 19U vs. 11U Prior Week (Historic High: 133 10-28-15 / Historic Low: -117 8-26-15)
SPY Directional Indicator: Fell 19D vs. 27U Prior Week (Historic High: 149 10-28-15 / Historic Low: -127 8-26-15)
QQQ Directional Indicator: Fell 21D vs. 29U Prior Week (Historic High: 121 10-28-15 / Historic Low: -71 1-8-16)
IWM Directional Indicator: Rose 41U vs. 11U Prior Week (Historic High: 91 11-14-14 / Historic Low: -87 8-28-15)
DIA 06/06/16 Forecast
Opening Fair Value: 177.66
Today's Predicted High: 178.60
Today's Predicted Low: 177.52
Today's Proposed Range: 1.08
Buy/Sell Rating: Buy
Binary Ladder Pricing
179.14 Upside Potential R2
178.60 Upside Potential R1
178.20 High Level R2
178.16 Low Level R1
177.66 Pivot Point
177.52 High Level S1
177.12 Low Level S2
176.98 Downside Potential S1
174.31 Downside Potential S2
SPDR 12 SELECT SECTORS ETFs
WEEKLY COMPARISONS
Week ending June 3, 2016
91% XTL (Telecommunications)
87% XLU (Utilities)
87% XBI (Biotech)
86% XLF (Financials)
84% XLV (Healthcare)
80% XLK (Information Technology)
74% XLI (Industrials)
73% XLB (Materials)
69% XLE (Energy)
61% GXC (China)
59% XRT (Retail)
51% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 75% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending May 27, 2016
85% XTL (Telecommunications)
82% XLF (Financials)
79% XLU (Utilities)
78% XLK (Information Technology)
77% XBI (Biotech)
73% XLV (Healthcare)
67% XLI (Industrials)
63% XLB (Materials)
62% XLE (Energy)
54% XRT (Retail)
49% GXC (China)
47% XLY & XLP (Consumer Discretionary & Staples combined)
AVERAGE: 68% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending May 20, 2016
74% XLU (Utilities)
66% XLF (Financials)
65% XTL (Telecommunications)
58% XLV (Healthcare)
56% XLI (Industrials)
55% XLE (Energy)
55% XLK (Information Technology)
53% XLB (Materials)
50% XBI (Biotech)
47% XRT (Retail)
45% XLY & XLP (Consumer Discretionary & Staples combined)
39% GXC (China)
AVERAGE: 55% KEY: 52%-100% = Positive, 48%-0% = Negative
Week ending May 13, 2016
87% XLU (Utilities)
67% XLF (Financials)
65% XLI (Industrials)
59% XLV (Healthcare)
59% XLE (Energy)
58% XTL (Telecommunications)
58% XLB (Materials)
54% XLK (Information Technology)
50% XLY & XLP (Consumer Discretionary & Staples combined)
42% XRT (Retail)
42% XBI (Biotech)
38% GXC (China)
AVERAGE: 57% KEY: 52%-100% = Positive, 48%-0% = Negative
Selected Stocks this Week to SELL/Go-SHORT (6-6-16 to 6-10-16 "BEARISH":
CALM, CPSI, DOG, DUST, DWTI, DXD, FAZ, FUR, ITM, JDST, MYY, PSQ, QID, RWM, SCO, SDOW, SDS, SFUN, SH, SIG, SKF, SPXS, SPXU, SQQQ, SRTY, TI, TMV, TTT, TWM, TZA, VXX. (31, 6-3; vs. 35, 5-27; vs. 38, 5-20.) Conclusion: Selling is drying up, too early to buy any of these posted.
2-Stock Picks of the Week "BULLISH BUYS Go-Long" (6-6-16 to 6-10-16): "MKSI and EXLS"
MKS Instruments, Inc., Earnings Report Due: 20-July-2016.
Exlservice Holdings, Inc., Earnings Report Due: 28-July-2016.
MKSI (06/3/16 Close 41.57) MKS Instruments, Inc. provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of manufacturing processes in the United States and internationally. The company operates through four segments: Advanced Manufacturing Capital Equipment, Global Service, Asia Region Sales, and Other. It offers pressure measurement and control products used for various pressure ranges and accuracies; materials delivery products, including gas flow measurement products and vacuum valves; automation and control products, such as automation platforms, programmable automation controllers, temperature controllers, and software solutions for use in automation, I/O and distributed programmable I/O, gateways, and connectivity products; and vacuum products comprising vacuum containment components, effluent management subsystems and custom stainless steel chambers, vessels, and pharmaceutical process equipment hardware and housings. The company also provides power delivery and reactive gas generation products that are used in semiconductor and other thin film, as well as medical imaging equipment applications. In addition, it offers gas composition analysis products, such as mass spectrometry- and Fourier transform infra-red based gas composition analysis, and tunable filter spectroscopy products used in the engine development, environmental emissions monitoring, air safety monitoring, and semiconductor industries; information technology products, including software products for analyzing data sets for the pharmaceutical, biotech, and other industries. The company also builds precision machined components and electromechanical assemblies for the analytical instrument, scientific, semiconductor, and medical industries. It serves semiconductor capital equipment manufacturers through direct sales forces, sales representatives, and agents. The company was founded in 1961 and is headquartered in Andover, Massachusetts.
MKSI 06/06/16 Forecast
Opening Fair Value: 41.13
Today's Predicted High: 42.10
Today's Predicted Low: 41.04
Today's Proposed Range: 1.06
Buy/Sell Rating: Strong Buy
Binary Ladder Pricing
42.63 Upside Potential R2
42.10 Upside Potential R1
41.67 High Level R2
41.66 Low Level R1
41.13 Pivot Point
41.04 High Level S1
40.60 Low Level S2
40.51 Downside Potential S1
40.45 Downside Potential S2
EXLS (06/3/16 Close 52.28) ExlService Holdings, Inc. provides operations management solutions and analytics in the United States, the United Kingdom, and internationally. It operates in two segments, Operations Management, and Analytics. The Operations Management segment offers services in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, and customer service for the insurance industry; care management/population health solutions, payment integrity, revenue optimization, and customer engagement solutions for the healthcare industry; acquisitions, home moves, billing, meter exchanges, annual service visits, debt recoveries, and withdrawals for the utilities companies; servicing and processing banking products; managing and enhancing operational, financial, and analytical functions for clients in the travel, transportation, and logistics industries, as well as processing transportation and logistics transactions; and finance and accounting operations management solutions, including procure to pay, order to cash, hire to retire, record to report, and treasury and tax processes. In addition, it provides operations consulting services, such as process optimization, benchmarking and performance management, and business process automation; and finance consulting services, such as governance, risk and compliance, finance accounting support, finance organizational design, finance process optimization, and finance systems advisory. The Analytics segment provides predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management, risk underwriting and pricing, operational effectiveness, credit and operational risk monitoring and governance, regulatory reporting, and data management. The company was founded in 1999 and is headquartered in New York, New York.
EXLS 06/06/16 Forecast
Opening Fair Value: 52.00
Today's Predicted High: 52.77
Today's Predicted Low: 51.79
Today's Proposed Range: 0.98
Buy/Sell Rating: Buy
Binary Ladder Pricing
53.26 Upside Potential R2
52.77 Upside Potential R1
52.49 High Level R2
52.38 Low Level R1
52.00 Pivot Point
51.79 High Level S1
51.51 Low Level S2
51.30 Downside Potential S1
50.87 Downside Potential S2
Most Recent "Bullish" Stock Picks:
KELYA (05/27/16 Close 19.80); GEL (05/20/16 Close 38.22); HSKA (05/13/16 Close: 39.56); JEC (05/06/16 Close: 48.65); E (04/29/16 Close: 32.77); MKTX (04/22/16 Close: 129.46); HTS (04/15/16 Close: 15.94); SUI (04/08/16 Close: 71.51); PZE (04/01/16 Close: 6.57); EXA (03/24/16 Close: 13.49); JHX (03/11/16 Close: 13.82); ALE (03/04/16 Close: 54.91); CNSL (02/26/16 Close: 22.98); HSIC (02/19/16 Close: 166.24); EDE (02/12/16 Close: 32.99); AEM (02/05/16 Close: 33.51); LG (01/29/16 Close: 63.94); PRFT (01/22/16 Close: 18.78); XEL (01/15/16 Close: 36.50); MGEE (01/08/16 Close: 45.72); CYNO (12/31/15 Close: 44.67); MGPI (12/31/15 Close: 26.48); XRS (12/18/15 Close: 48.49); SWHC (12/11/15 Close: 23.45); LXFT (12/04/15 Close: 79.03); BECN (11/27/15 Close: 43.16); LION (11/20/15 Close: 22.93); EBS (11/13/15 Close: 36.55); IRMD (11/06/15 Close: 31.90); EPAY (10/30/15 Close: 27.68); SCL (10/23/15 Close: 52.59).
Calendar of Economic Events and Corporate Earnings: "As anticipation builds ahead of the June 14-15 Federal Open Market Committee (FOMC) policy-setting meeting, Monday's speech by Fed Chair Janet Yellen to the World Affairs Council of Philadelphia will be a hot topic, as will Wednesday's Job Openings and Labor Turnover Survey (JOLTS) -- which will provide further insight into the current labor market. Meanwhile, although earnings season is all but over, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will release its highly-anticipated earnings report on Tuesday, followed by retailer Lululemon Athletica inc. (NASDAQ:LULU) on Wednesday."
Monday, June 6
While Monday's economic calendar is bare, both Yellen and Boston Fed President Eric Rosengren are due to speak. United Natural Foods (UNFI) will report earnings.
Tuesday, June 7
On Tuesday, productivity and labor costs will be released. Elsewhere, Dave & Buster's (PLAY), HD Supply Holdings (HDS), Valeant Pharmaceuticals (VRX), and VeriFone (PAY) are set to release results.
Wednesday, June 8
Wednesday will see the release of the Labor Department's April JOLTS, followed by the weekly crude inventories update. FuelCell Energy (FCEL), Lululemon Athletica (LULU), and Restoration Hardware (RH) will step into the earnings confessional.
Thursday, June 9
Weekly jobless claims is Thursday's only notable economic report. On the earnings front, Francesca's (FRAN), H&R Block (HRB), J.M. Smucker (SJM), Mattress Firm (MFRM), and Vail Resorts (MTN) will step up to the plate.
Friday, June 10
The the preliminary Thomson Reuters/University of Michigan consumer sentiment survey for June and the Treasury budget will hit the Street on Friday. Meanwhile, there are no earnings reports set to be released.
Good luck and good trading!
MktMetrics, Inc. Web Partners include:
Lightspeed Trading, LLC
Lightspeed Trading, LLC provides securities and direct access brokerage, trading, and order routing services. It offers Lightspeed Trader, a market access trading system for executing equities, options, and futures. The company also provides Lightspeed Risk, an equity risk management application for monitoring profit and loss, and stock activities and positions. It was formerly known as E*TRADE Professional Trading, LLC and changed its name to Lightspeed Trading, LLC in 2006. The company is based in New York, New York. Lightspeed Trading, LLC operates as a subsidiary of Lightspeed Financial, LLC.
For the seventh year in a row Barron’s has ranked Lightspeed Trading Best for Frequent Traders and Lowest for Occasional and Frequent Trader’s Monthly Costs
New York, NY – April 14, 2016 – Lightspeed Trading is pleased to announce that, for the seventh year in a row, it has been rated as the Best Broker for Frequent Traders in Barron’s 2016 Online Broker Rankings and ranked among those providing the Lowest Monthly Costs for both frequent and occasional traders.
Earning 4 ½ stars as a best broker for frequent traders, the survey notes that Lightspeed Trading “offers a lot of personal service along with low commissions” for the very active trader. In particular, Lightspeed’s proprietary trading platform, Lightspeed Trader, provides the performance and speed that active equity and options traders require.
"We are pleased that Lightspeed was once again selected as a top broker by Barron’s,” said Kevin Ott, Co-President of Lightspeed Trading. “Lightspeed offers reliable, robust platforms, competitive commission rates, and high touch, personalized customer service. Lightspeed Trader, our proprietary platform, delivers functionality and reliability to our users, even during high volume days. We have earned a respected place in the active trading community and winning Barron’s recognition once again underscores that accomplishment.”
Interactive Brokers Group, Inc.
Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 80 market destinations worldwide. In its broker dealer agency business, IB provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds and funds worldwide. In its proprietary trading business IB engages in market making for its own account in about Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, India, China and 6,500 different electronically traded products. Interactive Brokers' headquarters are in Greenwich Connecticut, and it has about 800 employees in its offices in the USA, Estonia. IB is regulated by the SEC, FINRA, NYSE, SFA and other regulatory agencies around the world.
Disclaimer:
The information and data contained in this site was obtained from independent research and development believed to be reliable, but accuracy is not guaranteed. Neither the information, nor any opinion expressed, constitutes a recommendation to purchase or sell a security, or to provide investment advice. Stocks and stock options involve risks and are not suitable for all investors. This site is not a solicitation of an offer to buy shares in any fund whose performance is provided in this site. Such an offer can be solicited only by a fund directly or its agent.
Thursday, June 2, 2016
It's 11:30am ET, 8:30am PT and here's what I'm doing
Even though the stock market looks good, reality is it is not. The stats for the Dow 30 + DIA Analysis found on MktMetrics are declining 65, 61, 55 over the past three days. Furthermore, the ADV/DEC Ratio on NYSE has a High: .87, a Low: .35 in trading so far. Lastly, the DIA Open: 177.30 often has movement of 40 points, which it did for a high of 177.73. Let's see what happens...I'm short at higher prices.
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