P: Pandora Media, Double Breakout Coming Soon?

CTSH: Cognizant Technology Solutions, Breakout of Ascending Triangle and Downtrend Line

AMZN: Amazon, Breakout Projects to $680

DJIA: Dow Jones Industrial Average, Look Out Below…

After rallying well off triple bottom support at 15,500, the Dow is beginning to run into very heavy overhead resistance where it’s failed more than 10 times since late 2014. If we fail to break to new highs, the Dow could easily pullback substantially, near-term… especially with the absence of any good news in the global economy.
Technically, momentum is beginning to turn south. RSI, MACD and Money Flow all signal overbought conditions in the market. What may not help things is Fed talk of a potential rate hike in April 2016, based on their findings that the U.S. economy is stronger than believed.
As we all know, the U.S. economy is not strong at all. Consumer spending, retail numbers, the U.S. savings rate, unemployment, manufacturing, etc. etc. is not as healthy as the Fed believes it to be.  Consider buying to open the DIA June 2016 175 put up to $5.80 and / or the QQQ June 2016 107 put up to $4.

XYL: Xylern Inc. , Long Term Breakout

Company Profile: Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. It operates through two segments, Water Infrastructure and Applied Water. The Water Infrastructure segment offers various products, including water and wastewater pumps, treatment and testing equipment, and controls and systems, as well as filtration, disinfection, and biological treatment equipment.

Fundamentals:
Trailing P/E: 21.29
Forward P/E: 18.18
EPS: 1.87
Beta: 1.24
Dividend Yield: 1.56%
PEG: 2.43
P/S: 1.92
P/B: 3.37
Profit Margin: 9.31%
Operating Margin: 12.84%
ROA: 6.18%
ROE: 16.15%
Qtrly Earnings Growth (yoy) 18.80%
Current Ratio: 2.44

Additional Fundamental Data: http://finance.yahoo.com/q/ks?s=XYL

Technicals:
XYL has just broken out of a 24-month consolidation
New 52-week high
New all-time high
Buying momentum (RSI) is rising and positive
Buying volume is expanding
Support is at $38
XYL has been out performing the S&P 500 since September 2015

The safety stop is at $37.25

The 1st target is at $45.00

Suggested Trading Approach: Buy XYL at the current price level. If there is a pullback, as long as the price is at or above $37.75, wait for confirmation of support, and then add to positions.

US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, MARCH 28
8:30 am	Advance trade in goods	Feb.		-$62.3 bln	-$62.2 bln
8:30 am	Personal income	Feb.		0.1%	0.5%
8:30 am	Consumer spending	Feb.		0.0%	0.5%
8:30 am	Core inflation	Feb.		0.2%	0.3%
10 am	Pending home sales	Feb.		1.8%	-2.5%
TUESDAY,  MARCH 29
9 am	Case-Shiller home prices	Jan.		--	5.7%
10 am	Consumer confidence index	March		94.1	92.2
WEDNESDAY, march 30
8:15 am	ADP employment	March		205,000	214,000
THURSDAY, march 31
8:30 am	Weekly jobless claims	3/26		270,000	265,000
9:45 am	Chicago PMI	March		--	47.6
FRIDAY, APRIL 1
8:30 am	Nonfarm payrolls	March		21,000	242,000
8:30 am	Unemployment rate	March		4.9%	4.9%
8:30 am	Average hourly earnings	March		0.2%	-0.1%
10 am	ISM manufacturing	March		50.8%	49.5%
10 am	Construction spending	Feb.		0.0%	1.5%
10 am	Consumer sentiment	March		90.5	90.0
TBA	Motor vehicle sales	March		17.4 mln	17.4 mln