Sunday, April 07, 2019

Market Rotation Remains Beneficial (Weekend Newsletter)

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Weekend Newsletter for
April 7, 2019


Table Of Contents

1) MARKET SUMMARY from THE DAILY

2) STOCK SPLIT REPORT

3) IH ALERTS

4) SUCCESS TRADING GROUP

5) COVERED CALL SERVICE

      

Jon Johnson
1) MARKET SUMMARY
         > >From "The Daily" by Jon Johnson at InvestmentHouse.com


Jobs were good enough on the headline.

- The upside week continues through Friday with the small and midcaps taking the lead.
- Market rotation thus far remains beneficial, though software is at the lick log.
- Jobs recovery from a weak February, but the internal data does not show the same improvement.
- Economic data is not great, not bad, inflation mostly tame, but Fed hikes are still negatively impacting the economy.
- Other areas trying to move up into leadership: materials, energy, manufacturing, machinery, biotechs.
- Indices approaching the prior highs, drawn toward resistance.


Market Summary (continued)
Jobs were good enough on the headline, and that was good enough for stocks to take already upside futures and run them higher on the session. Never mind the internals of the report were just not as strong as the pre-February (the flop month) numbers. Higher paying jobs were low in number (manufacturing lost 6K), fulltime jobs tanked 190K while part-time jumped +60K, participation dropped 2 BP, earnings growth dropped off sharply (0.1% versus 0.4% February), and the number of working fell 201,000. But the headline number beat (196K versus 175K expected), and that was all that mattered.

Impressive moves to end the week that was a very solid upside week.

SP500 13.35, 0.46%
NASDAQ 46.91, 0.59%
DJ30 40.36, 0.15%
SP400 0.73%
RUTX 0.96%
SOX 0.80%
NASDAQ 100 0.51%

VOLUME: NYSE +8%, NASDAQ +1%. Respectable rise, but both exchanges still below average. The only above average session on the week was Wednesday, and then only on NASDAQ, the session where stocks shot higher then reversed a lot of the gains. Thus, a rise but not backed by a ton of buyers. That is okay in this market, however, because there are no sellers. The real trick is when the indices reach or approach the next resistance levels and the rapidly approaching all-time highs.

ADVANCE/DECLINE: NYSE +2.5:1, NASDAQ +2.3:1. Respectable, aided of course by the small cap and midcap leadership.

The action for the week was very interesting. Every index rose, but they traded off day to day as to the strongest. SOX started strong and set the tone. DJ30 strong Monday and then Thursday when SOX took a day off. Friday saw RUTX and SP400 jump back to the front of the pack after lagging rather notably.

Rotation. It doesn't just make your tires last longer, it makes rallies last longer.

Read "The Daily" Entire Weekend Summary
Watch Market Overview Video
Watch Technical Summary Video
Watch Next Session Video


Here's a trade from "The Daily" and insights into our trading strategy:


Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.


ZS (Zscaler, Inc.)
Company Profile
This one finally ran its course. We entered ZS on 1/31 as it broke higher from a month-long tight range. Stock at $48.25, May $48 strike options for $6.10. Problem is, ZS moved into another tight month-long range right after that one, lasting all of February. Late February the action started. ZS gapped upside on huge trade. It then rallied steadily up the 10 day EMA for four weeks, moving up, testing, repeating. Starting two weeks back ZS consolidated laterally at the 10 day EMA, but then broke lower late week. When it cracked the 10 day EMA we sold it. Sold the stock for $65.96, banking 36%. Sold the May options for $17.60, banking over 185%. Great run, just had to let it work into it sometimes. As long as the action remained solid, we let it work, and it paid off.

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2) STOCK SPLIT REPORT

Here's a leader play and our current analysis.

Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
APC (Anadarko Petroleum--$47.01; +1.95; optionable): Independent oil and gas
Company Profile
EARNINGS: 05/07/2019
STATUS: After a long decline from July 2018 at 76,00, APC is finally trying to turn the corner. On the December low that matched the August 2017 low, MACD put in a higher low. That marked the bottom of the selling. It worked laterally into March, moving up to the 50 day MA mid-March. Took APC 3 weeks, but it broke through the 50 day MA Friday, moving on the best volume in 7 weeks. APC also cleared the prior week high. The strong volume shows plenty of buyers as APC finally looks as if it wants to benefit from the rising oil prices. We want to buy in as APC continues higher for a move to resistance at October and November price points. That move gains 12%ish on the stock, over 100% on the options.
CHART VIDEO
Volume: 7.327M Avg Volume: 5.1M
BUY POINT: $47.16 Volume=5.2M Target=$53.05 Stop=$45.19
POSITION: APC MAY 17 2019 47.50C - (53 delta) &/or Stock

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
3) IH ALERTS

PTCT (PTC Therapeutics--$38.15; +0.65; optionable): Biotech
Company Profile
EARNINGS: 05/30/2019
STATUS: Cup w/handle. A very nice setup to make us money as PTCT puts the finishing touches on a 6+ month base formed off the September 2018 peak of a long, solid rally. PTCT sold off to the base lows in December and then a bit lower in January. As it did, MACD put in higher lows as momentum turned to the upside. Rallied to the 200 day SMA in March, broke through, then traded back and forte into last week as it formed the handle to the base right at the January recovery high. Very nice setup, and at this point you wait for PTCT to show a strong upside breakout on volume as the buy signal. Looking for a move to near 45 as the initial target, as that coincides with the August short double bottom and the low from September. That move lands a solid 15% on the stock, 70+% on the options.
CHART VIDEO
Volume: 405.055K Avg Volume: 734.4K
BUY POINT: $38.51 Volume=1M Target=$44.51 Stop=$36.62
POSITION: PTCT JUN 21 2019 38.00C - (51 delta) &/or Stock

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
4) SUCCESS TRADING GROUP
--by the MarketFN STG Team

AAPL (Apple Inc.)
Company Profile
Our Success Trading Group members closed a winning trade on Apple Inc. (Ticker: AAPL) this week when we traded in and out of AAPL in two days. We have several stocks on our radar and are looking forward to trading next week.

Our Success Trading Group closed
7 years with 0 losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009 (we still have 1 open position from 2017 (all others were winners) and 1 trade that we opened in 2014 was closed as a losing trade). All of these trades are posted on our Main Trade Table for your review during your free membership trial period.

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
5) COVERED CALL PLAY

LMAT - LeMaitre Vascular Inc. is currently trading at $30.25. The May $30.00 Calls (LMAT20190518C00030000) are trading at $1.95. That provides a return of about 8% if LMAT is above $30.00 on expiration Friday in May.
Company Profile



Learn more about our Covered Call Tables


PREMIUM SERVICES
IH Alerts: InvestmentHouse.com's Best of The Best Plays!
Stock Split Report: Forbes.com Best of the Web
Covered Calls: Allowed in your IRA - Energize your portfolio!
The Daily: "The Daily" is a must read for all investors!
Success Trading Group: 7 years without a trading loss!
The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.
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