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How To Trade The ‘Dogs Of the Dow’ In December

The eight “Dogs of the Dow” for 2019 have an aggregate year-to-date gain of 9.2% at the end of November. The Dow Jones Industrial Average has a gain of 19.1% though the first day of December.   

The Scorecard for the 2019 “Dogs of the Dow”

Cisco Systems (CSCO) ended November with a dividend yield of 3.33%, up from 3.32% in December 2018. The weekly chart for Cisco is negative but oversold. The stock is below its five-week modified moving average at $46.25. The stock is above its 200-week simple moving average or “reversion to the mean” at $39.45. The 12x3x3 weekly slow stochastic reading is projected to end the first week of December at 16.97 below the oversold threshold of 80.00. Its annual value level is $39.84 with a monthly pivot at $46.36 and semiannual and quarterly risky level at $50.65 and $60.53, respectively.

Chevron (CVX) ended November with a dividend yield of 4.32%, up from 4.27% in December 2018. The weekly chart for Chevron is negative with the stock below its five-week MMA at $118.08 and above its 200-week SMA or reversion to the mean at $113.42, which held during the week of October 11. The 12x3x3 weekly slow stochastic reading is projected to decline to 52.70 during the first week of December. The stock has a monthly value level for December at $114.19 with quarterly, annual and semiannual risky levels at $122.84, $131.43 and $131.55, respectively.

International Business Machines (IBM) ended November with a dividend yield of 4.99%, down from 5.71% in December 2018. The weekly chart for IBM is negative with the stock below its five-week MMA at $135.65 and below its 200-week SMA or reversion to the mean at $147.85. The 12x3x3 weekly slow stochastic reading is projected to decline to 27.99 during the first week of December. Its semiannual value level is $124.41 with a monthly pivot at $133.78 and quarterly and annual risky levels at $139.63 and $166.09, respectively.

JPMorgan Chase (JPM) ended November with a dividend yield of 2.81%, down from 3.45% in December 2018. The weekly chart for our nation’s largest bank is positive but overbought with the stock above its five-week MMA at $122.38 and above its 200-week SMA or reversion to the mean at $95.86. The 12x3x3 weekly slow stochastic reading is projected to end the first week of December at 94.86 as an “inflating parabolic bubble.” The first day of December was a downside “key reversal.” Its quarterly, semiannual and annual value levels are $122.26, $118.51 and $102.64, respectively, with its monthly risky level at $135.61.

Coca Cola (KO) ended November with a dividend yield of 3.05%, down from 3.46% in December 2018. The weekly chart for Coke is positive with the stock above its five-week MMA at $53.44 and above its 200-week SMA or reversion to the mean at $46.00. The 12x3x3 weekly slow stochastic reading begins December rising to 38.58. The stock is above quarterly, annual and semiannual pivots at $51.29, $51.51 and $52.67 and below its monthly risky level for December at $58.13.

Pfizer (PFE) ended November with a dividend yield of 3.97%, up from 3.30% in December 2018. The weekly chart is positive with the stock above its five-week MMA at $37.71. The stock is above its 200-week SMA or reversion to the mean at $36.66. The 12x3x3 weekly slow stochastic reading begins December rising to 74.49. The stock is above its monthly value level at $35.57 with semiannual, quarterly and annual risky levels at $41.21, $42.82 and $48.44, respectively.

Verizon (VZ) ended November with a dividend yield of 4.13%, down from 4.31% in December 2018. The weekly chart is neutral with the stock above its five-week MMA at $59.84. The stock is above its 200-week SMA or reversion to the mean at $52.52. The 12x3x3 weekly slow stochastic reading is projected to decline to 68.02 during the first week of December. Its monthly and semiannual pivots are $57.18 and $58.68 with quarterly and annual risky levels at $61.10 and $62.95, respectively.

ExxonMobil (XOM) ended November with a dividend yield of 5.26%, up from 5.03% in December 2018. The weekly chart is negative with the stock below its five-week MMA at $69.22 and is below its 200-week SMA or reversion to the mean at $80.63. The 12x3x3 weekly slow stochastic reading is projected to decline to 31.44 during the first week of December. The stock is above its monthly value level at $62.52 with quarterly, semiannual and annual risky levels at $71.98, $79.13 and $94.26, respectively.

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