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5 Trade Ideas for Monday: Amgen, Cirrus Logic, Roblox, Sempra and UnitedHealth

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week approaching resistance. It has a RSI rising towards the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, comes into the week at resistance. It has a RSI rising toward the bullish zone with the MCD crossed up. Look for a push over resistance to participate…..

Roblox, Ticker: $RBLX

Roblox, $RBLX, comes into the week approaching resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate….

Sempra, Ticker: $SRE

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

UnitedHealth, Ticker: $UNH

UnitedHealth, $UNH, comes into the week approaching gap resistance. The RSI is rising in the bullish zone with the MACD moving higher. 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 July Options Expiration in the books, saw equity markets showed some resilience with a rebound from an ugly start to finish only slightly lower as 2nd Quarter earnings season opens.

Elsewhere look for Gold to continue its short term downturn while Crude Oil consolidates in an uptrend. The US Dollar Index continues in an uptrend nearing 20 year highs while US Treasuries consolidate in their downtrend. The Shanghai Composite continues a short term downward move while Emerging Markets trend lower.

The Volatility Index looks to remain slightly elevated but moderating taking some of the pressure off equity markets. Their charts have moved to consolidation on both the shorter and longer timeframe, with the indexes exhibiting a very strong correlation. On the longer timeframe the SPY remains the strongest with the least retracement and smallest pullback from the highs with the QQQ next by virtue of its distance above the 200 week SMA and then the IWM. Use this information as you prepare for the coming week and trad’em well.

#$AMGN #$CRUS #$RBLX #$SRE #$UNH

5 Trade Ideas for Monday: Amgen, Arena Pharma, Cirrus Logic, Chart Industries and MongoDB

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, started higher in March and made a top in April as it retraced the drop. It fell back to the 200 day SMA from there and bounced. The past week it has built a bull flag. The RSI is drifting lower after tagging the bullish range and the MACD is flat and positive. Look for a break of the flag to participate…..

Arena Pharmaceuticals, Ticker: $ARNA

Arena Pharmaceuticals, $ARNA, started higher off of a low in March. it continued to a top in early June before pulling back to the 20 day SMA. Now it is turning back higher with a RSI flat in the bullish zone and the MACD flat and positive after resetting lower. Look for a push higher to participate…..

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, rose from a bottom in March and continued until the end of April. It paused then and reversed lower. Another bounce in May to a lower high later that month also fell back. That continued until last week when it ended with a reversal. The RSI is turning back higher with the MACD leveling but negative. Look for continuation to participate…..

Chart Industries, Ticker: $GTLS

Chart Industries, $GTLS, made a bottom in March and then started higher. It has continued to a top in June before pulling back. It ended last week moving higher though with the RSI rising in the bullish zone and the MACD about to cross up and positive. Look for continuation to participate…..

MongoDB, Ticker: $MDB

MongoDB, $MDB, started higher in March ending a waterfall move lower. It continued, reaching a top in early June. It pulled back from there to a higher lower and reversed 3 weeks ago. Now it is heading higher with the RSI into the bullish zone and the MACD crossing up. 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 just 2 trading days left in the first half of the year saw profit taking in equity markets and possibly more damaging activity.

Elsewhere look for Gold to possibly continue its move higher while Crude Oil consolidates in the uptrend. The US Dollar Index continues to drift in sideways motion while US Treasuries move higher in their consolidation. The Shanghai Composite looks to continue to mark time as well along with Emerging Markets.

The Volatility Index looks to remain elevated and in consolidation keeping pressure on equity markets. Their charts are resetting lower, but currently without much damage on the short time frame. The longer timeframe is slightly better, but showing upper shadows for a possible retrench. Next week could give some clarity after the quarter ends. Use this information as you prepare for the coming week and trad’em well.

#$AMGN #$ARNA #$CRUS #$GTLS #$MDB

5 Trade Ideas for Monday: Arch Capital, Cincinnati Financial, Cirrus Logic, Generac and Service Corp

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

Arch Capital Group, Ticker: $ACGL

Arch Capital Group, $ACGL, rose out of a base in May and continued to a plateau at the end of July. It has bounced off of resistance since. The RSI is in the bullish zone and rising with the MACD trying to cross up and positive. Look for a push over resistance to participate…..

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, also rose out of a base, but at the end of April, plateauing quickly and then continuing to a top in July. It pulled back to the 50 day SMA and then pushed to a new high before consolidating. The RSI is rising and bullish with the MACD positive and moving up. Look for a new high to participate…..

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, started a move higher at the beginning of June. It peaked with a gap up spike August 1st and then retraced. Since then it has consolidated in a range with the RSI firmly in the bullish zone and the MACD flat and positive. Look for a break of the range to participate…..

Generac, Ticker: $GNRC

Generac, $GNRC, jumped off of the confluence of the SMA’s and ran to a peak at the end of July. it has been consolidating under resistance since. The RSI is rising in the bullish zone with the MACD trying to cross up and positive. Look for a break over resistance to participate…..

Service Corp, Ticker: $SCI

Service Corp, $SCI, started to move up in March. It continued to a top in July and started to consolidate. It then pulled back into August and is now back at resistance. The RSI is rising and bullish with the MACD turning up and positive. Look for continuation above 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 as August options expiration comes to a close saw the equity index ETF’s had a wild week finishing slightly lower in consolidation.

Elsewhere look for Gold to continue in its uptrend while Crude Oil consolidates in its downtrend. The US Dollar Index seems content to continue the slow drift higher while US Treasuries are possibly starting to pullback. The Shanghai Composite and Emerging Markets look to continue to the downside.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF’s SPY, IWM and QQQ. They are all showing consolidation in the short run charts with it happening at higher lows for the SPY and QQQ. The IWM remains in a broad consolidation. On the longer charts the back to back indecision candles may have some losing sleep this week end. Use this information as you prepare for the coming week and trad’em well.

#$ACGL #$CINF #$CRUS #$GNRC #$SCI

EARNING UPDATE $CRUS Cooper-Standard Holdings Inc. for quarter ending q_Jun18 - Revenue fell, Margins contracted

EARNING UPDATE $CRUS Cooper-Standard Holdings Inc. for quarter ending q_Jun18 – Revenue fell, Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on CRUS [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Cooper-Standard Holdings Inc. reported earnings (EPS) of -0.07 per share for the quarter ending q_Jun18. This is vis-vis 0.19 per share for the previous quarter ending q_Mar18, a decline of 136.8 %. Compared to last year same quarter (q_Jun17),…

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EARNING UPDATE $CRUS Cirrus Logic, Inc. for quarter ending q_Jun18 - Revenue fell, Margins contracted

EARNING UPDATE $CRUS Cirrus Logic, Inc. for quarter ending q_Jun18 – Revenue fell, Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on CRUS [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Cirrus Logic, Inc. reported earnings (EPS) of -0.07 per share for the quarter ending q_Jun18. This is vis-vis 0.19 per share for the previous quarter ending q_Mar18, a decline of 136.8 %. Compared to last year same quarter (q_Jun17), earnings…

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EARNING UPDATE $CRUS Cirrus Logic, Inc. for quarter ending q_Mar18 - Revenue fell, Margins contracted

EARNING UPDATE $CRUS Cirrus Logic, Inc. for quarter ending q_Mar18 – Revenue fell, Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on CRUS [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Cirrus Logic, Inc. reported earnings (EPS) of 0.19 per share for the quarter ending q_Mar18. This is vis-vis 0.52 per share for the previous quarter ending q_Dec17, a decline of 63.5 %. Compared to last year same quarter (q_Mar17), earnings…

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#$CRUS

5 Trade Ideas for Tuesday: Commerce Bancshares, Cirrus Logic, McCormick, Ulta Beauty and Union Pacific

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

Commerce Bancshares, Ticker: $CBSH

Commerce Bancshares, $CBSH, went through a long consolidation ahead of the election. Like many financial stocks it jumped quickly afterwards, continuing into mid-December, before stalling. It has not done much since. A small pullback reversed higher in January and it is now back at resistance. The RSI is rising in the bullish zone the MACD is moving up and positive. Look for a break to a new high to participate higher.....

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, dropped fast at the start of December, and recovered almost as fast. It then tried a move to the upside in January and spiked outside of the Bollinger Bands® but was sold off quickly. Last week it started moving back higher again. The RSI is also moving back up and the MACD is turning up towards a cross. Look for continuation to participate higher.....

McCormick, Ticker: $MKC

McCormick, $MKC, shot higher from April low to a top in early July. But it started dropping as soon as the Fireworks ended, finding a bottom in December. A quick bounce fell back to a higher low to start the New Year and it has moved higher ever since. Recently it touched the 200 day SMA and pulled back. But Friday it printed a large bullish engulfing candle, a sign of strength. The RSI is in the bullish zone and the MACD is rising after avoiding a cross down. Look for continuation to participate to the upside.....

Ulta Beauty, Ticker: $ULTA

Ulta Beauty, $ULTA, had a long run higher until it topped out in August over 275. Since then it has pulled back and reversed higher twice, continuing onward to the prior high last week. The RSI is in the bullish zone and rising while the MACD is about to cross up. Look for a new high to participate to the upside.....

Union Pacific, Ticker: $UNP

Union Pacific, $UNP, vaulted higher in November and kept running until stalling near 105 in December, That consolidation ran into the 50 day SMA in mid-January and it jumped again. A new consolidation zone ensued with the 20 day SMA as support. Last week saw a push higher towards resistance with the Bollinger Bands squeezing. The RSI is in the bullish zone and rising and the MACD about to cross up, both supporting more upside. Look for a push through resistance to participate higher.....

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 as the markets head into the holiday shortened week sees the equity markets continuing to look strong on the longer timeframe and getting overheated on the shorter timeframe.

Elsewhere look for Gold to continue to see an easier path higher while Crude Oil churns in a tight range. The US Dollar Index looks ready to reverse back up while US Treasuries are biased lower, should either break consolidation ranges. The Shanghai Composite continues to see a drift higher and Emerging Markets are pausing but also look good for more upside.

Volatility looks to remain at extremely low levels keeping a breeze at the backs of the equity index ETF's SPY, IWM and QQQ. All 3 look strong on the weekly timeframe, despite the moves higher. On the shorter timeframe the SPY and QQQ are moving deeper into overbought territory and may need a pause or pullback, while the IWM is consolidating. Use this information as you prepare for the coming week and trad'em well.

#$CBSh #$UNP #$ULTA #$MKC #$CRUS #$SPY

5 Stocks to Watch that Report Earnings Tomorrow

Facebook (FB): Advertising remains the company's biggest source of revenue since going public at the turn of the decade. In the third quarter ad revenue jumped from $4.3 billion to $6.82 billion, marking a 60% change on a year over year basis. Much of the increase came on the back of a nearly 80% increase in mobile advertising, driven by 20% growth in Mobile DAUs and MAUs. As of September 1.79 billion users visited the Facebook platform on a monthly basis. In separate reports Facebook also indicated 1 billion monthly active users on Messenger and WhatsApp and 600 million on Instagram.

By opening up advertising revenue for the three other platforms, investors believe Facebook can add to its already robust top line. eMarketer estimates that ad revenue on Instagram could add $3.6 billion to total revenue by the end of 2017. Instagram's new stories, which essentially mimics SnapChat, should offset the growing threat that SnapChat poses in the social media space. In only 5 months since launch, initial report claim that 150 people use Instagram stories on a daily basis.

Facebook also started testing out a news feed style streams to Messenger’s 1 billion users. Additional efforts to monetize videos on the core Facebook platforms already appear to be doing well. The quick cooking videos that became popular during the quarter will help drive user growth and engagement moving forward.

As always, Facebook faces the serious threat of a slowdown. Any signs of weakness will surely hammer the stock in the coming days. Meanwhile, SnapChat’s IPO in the coming month and an unlikely Twitter turnaround might pose a problem for Facebook down the road. Facebook must also continue to address the idea of fake news and harassment that arose in the days following the recent election.

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Best Buy (BBY): Like many of its peers, Best Buy became one of Amazon’s many victims on its path to the top. Consumers used Best Buy as a showroom for a purchase that ended up being made on Amazon, thereby causing financial performance to freefall in recent years. Despite a bleak looking future, Best Buy instilled new confidence in investors following two consecutive earnings reports. The company’s 5 point Renew Blue program achieved remarkable success over this time. It includes strengthening vendor relationships, renovating stores, eliminating unnecessary costs, increasing same store sales and ramping up Best Buy’s online business. Best Buy also uses deep discounts to compete with retail giants like Amazon and Walmart. While many of these initiatives provide some near term support that investors love, the long term sustainability remains unclear.

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NXP Semiconductors (NXPI): Chipmakers that support high growth markets made some of the biggest gains in 2016. One of those being NXPI Semiconductors which through the acquisition of Freescale Semiconductor became the largest automotive solutions provider, surpassing Wall Street favorites like Nvidia. But more importantly the company agreed to a sale to Qualcomm for a mere $47 billion. That deal now appears in limbo thanks to President Trump’s hardened stance on both China and massive mergers. Any insight on the deal during the call will impact how investors react tomorrow afternoon. Nonetheless, strong adoption rates for mobile products and the emergence of wearables provides layer of support to the top line.

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Cirrus Logic (CRUS): Cirrus has the most to lose from weak iPhone sales. Apple is hands down the company’s largest customer, accounting for nearly two third of the company’s revenue as of the last report. That figure dropped considerably from previous quarters when it was closer to 80 percent. Cirrus maintains its commitment to diversifying its product portfolio and client base by investing in the audio segment and making acquisitions.

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Symantec (SYMC): The growing threat of a cyber attack has many individuals and corporations on high alert. It also helps those companies providing digital protection like Symantec, FireEye and CheckPoint just to name a few. Symantec’s report tomorrow and forward guidance paints a picture of where cyber security sales will land throughout 2017. Analysts expect revenue from the security segment to contribute over 60% to the company’s total top line. Continued investments into new products with additional acquisitions provide a much needed level of support to financial performance.

What are you expecting for SYMC? Get your estimate in here!

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