#$wern

[dragonflycap]

5 Trade Ideas for Monday: MongoDB, Bank OZK, PacWest Bancorp, Tandem Diabetes and Werner

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

MongoDB, Ticker: $MDB

MongoDB, $MDB, moved up out of a long consolidation in December. It quickly peaked and then pulled back through the 20 day SMA. It has reversed higher in January and is sitting against resistance as it comes into the week. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a push over resistance to participate…..

Bank OZK, Ticker: $OZK

Bank OZK, $OZK, rose from a digestive consolidation in November. It continued to the current consolidation. The RSI is moving higher in the bullish zone with the MACD turning up to avoid a cross down. Look for a push over resistance to participate…..

PacWest Bancorp, Ticker: $PACW

PacWest Bancorp, $PACW, moved higher out of consolidation in November. it had a tight consolidation through the end of the year and then moved up again. Now it is pressing through resistance with the RSI rising and bullish and the MACD avoiding a cross down. Look for continuation to participate…..

Tandem Diabetes Care, Ticker: $TNDM

Tandem Diabetes Care, $TNDM, moved high from a March low to a top in October. It pulled back from there to the 200 day SMA where it is consolidating under resistance. The RSI is rising into the bullish zone with the MACD pushing to positive. Look for break over resistance to participate…..

Werner Enterprises, Ticker: $WERN

Werner Enterprises, $WERN, topped in August and then started to roll over. It spiked down at the end of October and then bounced into a consolidation. It broke that consolidation last week with the RSI rising and bullish and the MACD positive and moving higher. Look for continuation to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with one week to go in January, sees equity markets remaining strong.

Elsewhere look for Gold to possibly reverse higher out of its pullback while Crude Oil continues to move up. The US Dollar Index continues it downtrend while US Treasuries consolidate in their move lower. The Shanghai Composite looks to continue higher after making 5 year highs while Emerging Markets print all-time highs, not seem in over 13 years as they continue to move up.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY have resumed their paths higher, while the IWM is taking a breather at new all-time highs. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: ConocoPhillips, eBay, Fiserv, Hasbro and Werner

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

ConocoPhillips, Ticker: $COP

ConocoPhillips, $COP, reversed at the 200 day SMA as it bounced off the March low. It found support at a higher low and reversed again to a top in November. After some consolidation it is back testing that prior high. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, topped in July and then started a choppy trend lower. That looks to have changed as it tested and held at the 200 day SMA in November. Now it is making its first higher high with the RSI rising and bullish and the MACD positive and climbing. Look for a push over resistance to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, started higher at the end of October, peaking in December. It pulled back from there to the 20 day SMA last week before a bounce. Now it is pushing over resistance with the RSI rising in the bullish zone and the MACD crossing up. Look for continuation to participate…..

Hasbro, Ticker: $HAS

Hasbro, $HAS, had a quick move higher out of the March low stall as it hit the 50 day SMA in April. Since then, it has moved higher at a slower pace. Now it is pushing over short term resistance with the RSI rising and bullish and the MACD trying to lift. Look for continuation to participate…..

Werner Enterprises, Ticker: $WERN

Werner Enterprises, $WERN, topped in August and then started to roll over. it continued lower, finding support with a spike down in October. Since then, it has made a higher low and is pushing to make a higher high. The RSI is rising in the bullish zone with the MACD crossed up and positive. Look for a push higher to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the first week of 2021 in the books, saw equity markets show resilience with a strong move higher despite frightening political news.

Elsewhere look for Gold to continue its short term pullback in consolidation while Crude Oil marches higher. The US Dollar Index continues to drift to the downside while US Treasuries move in a downtrend. The Shanghai Composite and Emerging Markets are driving higher in uptrends.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look strong on both timeframes. On the shorter timeframe both the QQQ and SPY sit at all-time highs in uptrends with the IWM a tad bit overbought. On the longer timeframe all 3 are in very strong uptrends. Use this information as you prepare for the coming week and trad’em well.

[abrcapfinancial-blog]

EARNING UPDATE $WERN Werner Enterprises, Inc. for quarter ending q_Sep18 - Revenue grew, Margins expanded

EARNING UPDATE $WERN Werner Enterprises, Inc. for quarter ending q_Sep18 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on WERN [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Werner Enterprises, Inc. reported earnings (EPS) of 0.00 per share for the quarter ending q_Sep18. This is vis-vis 0.53 per share for the previous quarter ending q_Jun18, a decline of 100 %. Compared to last year same quarter (q_Sep17),…

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[abrcapfinancial-blog]

#WERN Earning declared EPS = 0.66 vs estimate= 0.6 for Q3/18 #sym #spy #earnings #markets

#WERN Earning declared EPS = 0.66 vs estimate= 0.6 for Q3/18 #sym #spy #earnings #markets

Earning released for WERN: Actual EPS = 0.66 per share Estimate = 0.6 per share

Get our earning updates on your mobile as soon as they are released

WERN report:

The mean EPS over the last 16 releases is 0.6 per share. The current EPS at 0.66 per share is above the average EPS of the last 16 quarterly earning releases.

WERN Stock Chart:

WERN Scores:

WERN Fundamental Score = Click…

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[abrcapfinancial-blog]

EARNING UPDATE $WERN Werner Enterprises, Inc. for quarter ending q_Jun18 - Revenue grew, Margins expanded

EARNING UPDATE $WERN Werner Enterprises, Inc. for quarter ending q_Jun18 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on WERN [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Werner Enterprises, Inc. reported earnings (EPS) of 0.53 per share for the quarter ending q_Jun18. This is vis-vis 0.38 per share for the previous quarter ending q_Mar18, a growth of 39.5 %. Compared to last year same quarter (q_Jun17),…

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[dragonflycap]

Truckers Driving Higher into Year End

The transportation sector has had a great 2014. That is until the last month. With the fall in crude oil the railroad stocks, a big part of this sector took a hard right to the face. Many of them transport crude oil. That is not all that they transport, but that is a story for another day.

Left in their wake, the trucking stocks have had mixed results. Some are falling and some have just spent the time consolidating. But doesn't cheap crude oil lead to cheap gas and diesel? Sorry for attempting to add a narrative. What is important is not how they should react but how they are starting to react.

Here are two companies, J.B. Hunt Transport Services, $JBHT, and Knight Transportation, $KNX, that look ready to shift gears and drive higher into year end for whatever reason.

J.B. Hunt is one that consolidated. In this case between a price of 79.60 and 82.60. That is until Tuesday. Breaking the range higher, it carries a Measured Move with it to 91. And momentum indicators support it. The RSI held at the mid line and is rising again. And the MACD is crossing up, also a buy signal.

Knight Transportation went through a bit of a pullback. This reset the RSI lower, while it held over the mid line. The MACD is now leveling as the RSI is rising. The price also bounced and is now crossing the 20 day SMA as it moves higher.

Keep an eye on Heartland Express, $HTLD, Swift Transportation, $SWFT, and Werner Enterprises, $WERN, as well. All of their charts are looking similar.

More at Dragonfly Capital and get my book, Trading Options: Using Technical Analysis to Design Winning Options Trades.

[blainerollins]

Op-Ed of the Week = why does Congress want to increase U.S. inflation rates and export jobs that are critical to our future growth? "We believe it borders on insanity to train intelligent and motivated people in our universities - often subsidizing their education - and then to deport them when they graduate. Many of these people, of course, want to return to their home country - and that's fine. But for those who wish to stay  and work in computer science or technology, fields badly in need of their services, let's roll out the welcome mat." Sheldon Adelson, Warren Buffett and Bill Gates

And it is not just highly educated jobs which will drive U.S. inflation higher... Something strange is afoot in long-distance trucking that is also bedeviling other industries: Many jobs that pay well - and don't require expensive degrees - are going unfilled for months... Trucking firms, while accustomed to high driver turnover, say hiring is tougher than ever. "It's probably the most difficult recruiting environment... I've seen in my 26 years in the business," said Scott McLaughlin, president of Stagecoach Cartage & Distribution LP,  a family-owned firm in El Paso, Texas. About 100 of Stagecoach's 250 employees are long-distance drivers - and retaining them is as hard as recruiting. "Every driver I've got could leave here today and have any number of jobs," Mr. McLaughlin said.

(WSJ)

Speaking of job openings, last week's JOLTS survey climbed to its highest since June 2007... The number of job openings in the U.S. economy climbed to the highest level in 7 years, even as the number of people being hired was little changed from recent months, according to the Department of Labor's monthly job openings and labor turnover survey, known as JOLTS. Employers were seeking to fill more that 4.6 million jobs in May, up from 4.5 million the month before, according to the survey. The last time so many jobs were open was June 2007. The rate of hiring was little changed for the fourth month in a row, with about 4.7 million workers starting new jobs. (FusionMarketSite)

Why you care about the trend in job openings... @SoberLook: Chart (from Credit Suisse): Ratio of US job vacancies to unemployed workers vs. 2-yr treasury yield