#$bkr

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5 Trade Ideas for Monday: Baker Hughes, Cleveland-Cliffs, IBM, Marathon Petroleum and Northern Trust

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, comes into the week at resistance. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

IBM, Ticker: $IBM

IBM, $IBM, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and leveling. Look for a push over resistance to participate…..

Marathon Petroleum, Ticker: $MPC

Marathon Petroleum, $MPC, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance 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 the month of February in the books, saw equity markets continue to show strength with the small caps now joining the large cap and tech indexes.

Elsewhere look for Gold to continue its assault on a new all-time high while Crude Oil moves higher out of consolidation. The US Dollar Index continues to drift in consolidation while US Treasuries hold in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue to consolidate.

The Volatility Index looks to remain very low and stable creating an environment for equity markets to move to the upside more easily. Their charts look strong, especially on the longer timeframe with the long win streaks for the SPY and QQQ and now the IWM breaking higher. On the shorter timeframe all looks well to as the QQQ and SPY reset their momentum measures early in the week and the IWM showing strength. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Baker Hughes, Citigroup, Cigna, Deere and J&J

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, comes into the week approaching resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Citigroup, Ticker: $C

Citigroup, $C, comes into the week approaching resistance. It has a RSI rising through the midline with the MACD moving higher. Look for a push over resistance to participate…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week at an all-time high. The RSI is rising and bullish with the MACD positive. Look for continuation to participate….

Deere, Ticker: $DE

Deere, $DE, comes into the week pushing through resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for continuation to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance 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 October options expiration in the books, saw equity markets showed strength to end the week, continuing higher off the new lows from last week.

Elsewhere look for Gold to continue hold at support in a pullback while Crude Oil consolidates in a downtrend. The US Dollar Index continues to hold at resistance in the uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to pause in its move higher while Emerging Markets continue their downtrend.

The Volatility Index looks to remain elevated but moving lower making the path easier for equity markets to the upside. Their charts are starting to look stronger, especially the SPY and QQQ on the weekly timeframe, but with IWM less strong. On the shorter timeframe they all still look a mess but with moves over the 20 day SMA giving hope a reversal is building. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Baker Hughes, Berkshire Hathaway, Alphabet, Hess and Humana

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, comes into the week rising to resistance. It has a RSI rising at the midline with the MACD moving higher. Look for a push through resistance to participate…..

Berkshire Hathaway, Ticker: $BRK/B

Berkshire Hathaway, $BRK/B, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, comes into the week after breaking resistance higher. It has a RSI rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

Hess, Ticker: $HES

Hess, $HES, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Humana, Ticker: $HUM

Humana, $HUM, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive and crossing up. Look for a push over resistance 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 heading into August Options Expiry, saw equity markets responded to the inflation data with strong moves to the upside and their first intermediate term higher highs since the all-time highs.

Elsewhere look for Gold to consolidate while Crude Oil continues the downtrend. The US Dollar Index continues the pullback in the uptrend while US Treasuries consolidate in their downtrend. The Shanghai Composite looks ready for a short term move higher while Emerging Markets may also be reversing higher.

The Volatility Index looks to continue to move lower in the normal range making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe momentum is starting to get a bit hot so the SPY, IWM and QQQ may be ready for a pause. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Baker Hughes, CBOE, Edwards Lifesciences, Fortinet and Wells Fargo

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, comes into the week moving through short term resistance. The RSI is rising into the bullish zone and the MACD turned positive. Look for continuation to participate…..

CBOE Global, Ticker: $CBOE

CBOE Global, $CBOE, comes into the week at resistance. The RSI is holding in the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, comes into the week at resistance after a strong reversal higher. The RSI is rising into the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week moving back higher after a pullback. The RSI is rising through the midline with the MACD about to cross up. Look for continuation to participate…..

Wells Fargo, Ticker: $WFC

Wells Fargo, $WFC, comes into the week at short term resistance. The RSI is rising in the bullish zone and the MACD is crossed up about to turn positive. Look for a push over resistance 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 heading into December options expiration week, saw equity markets showed resilience with a rebound from an ugly prior 2 weeks.

Elsewhere look for Gold to continue in consolidation while Crude Oil may resume the uptrend. The US Dollar Index continues to trend higher while US Treasuries look to be back in consolidation. The Shanghai Composite remains in consolidation while Emerging Markets continue to trend lower.

The Volatility Index has moved back into the normal range making the path easier for equity markets to the upside. Their charts look strong, especially the large caps and tech stocks. On the shorter timeframe the SPY is leading with a new all-time high, then the QQQ just off the pace. On the longer timeframe both the SPY and QQQ look very strong. The IWM is now back in consolidation and floundering again. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Baker Hughes, Costco, General Dynamics, Palo Alto Networks and Toronto-Dominion

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, has bounced along against a support area all of 2019. It continues into 2020 as it starts to lift off of support. The RSI is rising towards the mid line with the MACD crossing up. Look for continuation to participate…..

Costco, Ticker: $COST

Costco, $COST, broke above resistance in January but then fell back. It looked like a failed break out until reversing last week and ending up back at the high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate….

General Dynamics, Ticker: $GD

General Dynamics, $GD, fell back to the 200 day SMA in October and held there for a month. It bounced to a lower high in November and then fell back again creating a consolidation range. It is now at the top of the range with the RSI rising in the bullish zone and then MACD moving higher and positive. Look for a break over resistance to participate…..

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, peaked in November and then gapped down. It found support at the cross of the 50 and 200 day SMA and started back higher almost immediately. It stalled upon filling the gap 3 weeks ago and pulled back to a higher low. Now it is back at the gap fill level with the RSI rising and the MACD crossed up and positive. Look for a push over resistance to participate…..

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, has made a series of lower highs since topping in July. But it has also made higher lows since the bottom in August. It is now at resistance with the RSI rising in the bullish zone and the MACD lifting and positive. Look for a push over resistance to participate…..

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 saw the first week of February end with some profit taking after a strong week for equities.

Elsewhere look for Gold to possibly pause in the uptrend while Crude Oil may pause in the downtrend. The US Dollar Index looks strong and ready for more upside while US Treasuries start a new uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets look like a volatile directionless mess.

The Volatility Index looks to remain at low levels making the path easier for equity markets to the upside. Their charts also look strong on the longer timeframe, especially the QQQ. But on the shorter timeframe both the SPY and IWM are showing some signs of weakness. Use this information as you prepare for the coming week and trad’em well.