#$hig

[dragonflycap]

5 Trade Ideas for Monday: Apple, Bank of America, Gilead, Hartford Insurance and Walmart

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

Apple, $AAPL, comes into the week rising to resistance. It has a RSI at the midline with the MACD crossed up but negative. Look for a push over resistance to participate…

Bank of America, $BAC, comes into the week at resistance. It has a RSI at the midline with the MACD curling to cross up. Look for a push over resistance to participate…

Gilead Sciences, $GILD, comes into the week breaking resistance. It has a RSI that is in the bullish zone with the MACD positive. Look for continuation to participate…

Hartford Insurance Group, $HIG, comes into the week rounding up from support. It has a RSI rising into the bullish zone and a MACD crossed up. Look for continuation to participate…

Walmart, $WMT, comes into the week rounding out of a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation 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 January FOMC meeting in the books and a formal announcement of Kevin Warsh as the new Fed Chair nominee, saw equity markets show strength holding near and setting new highs.

Elsewhere, look for Gold to pause in the uptrend after tagging $5600/oz and pulling back while Crude Oil moves higher in the consolidation range. The US Dollar Index is finding its footing after a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone and looking better lower. The Shanghai Composite looks ready to continue the uptrend at 10½ year highs while Emerging Markets reset momentum gauges after making new all-time highs in their uptrend.

The Volatility Index looks to continue to hold in the normal range making it easier for equities to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe with the IWM leading. On the shorter timeframe the IWM is also resetting with a retest of the prior high as support. The SPY and QQQ continue to be stuck in consolidation at their highs. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Costco, Grainger, The Hartford, ICE and RTX

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

Costco, Ticker: $COST

Costco, $COST, comes into the week breaking short term resistance. It has an RSI rising into the bullish zone with the MACD crossed up and heading toward positive. Look for continuation to participate…..

WW Grainger, Ticker: $GWW

WW Grainger, $GWW, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Hartford Financial Services, Ticker: $HIG

Hartford Financial Services, $HIG, comes into the week rising off the 20 day SMA. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

RTX, Ticker: $RTX

RTX, $RTX, comes into the week moving up toward resistance. It has a RSI in the bullish zone with the MACD positive. 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 first week of August in the books, sees equity markets showing resilience with a rebound from an ugly start induced by growing narrative of recessionary fears.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a narrowing range. The US Dollar Index continues to drift in broad consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets consolidate under long term resistance.

The Volatility Index looks to have settled after a spike to 4 year highs removing the pressure on equity markets for now. The SPY and QQQ ETF charts continue to look strong on the longer timeframe. On the shorter timeframe both the QQQ and SPY have reset on momentum measures but also have a lot of upside work to put in before they are looking strong. The IWM is now just in consolidation mode again after a failed break higher. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

4 Trade Ideas for The Hartford: Bonus Idea

Hartford Financial Group, $HIG, comes into the week at resistance for the third time. This is also just shy of the all-time high from May of 2007. The Bollinger Bands® have squeezed, often a precursor to a move, with the RSI rising in the bullish zone and the MACD crossing up and positive. There is resistance at 103.50 and 106. Support lower comes at 100 and 99.50 then 95. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 1.82% and begins trading ex-dividend on Monday. 

The company is expected to report earnings next on July 25th. The June options chain shows biggest open interest at the 100 put strike and it builds from the 80 call strike to a peak at the 110 strike. The July chain has biggest open interest at the 100 put and the 105 call strikes. The September chain has biggest open interest at the 100 put strike and small amounts from 95 to 105 on the call side.

Hartford Financial Group, Ticker: $HIG

Trade Idea 1: Buy the stock on a move over 103.50 with a stop at 99.25.

Trade Idea 2: Buy the stock on a move over 103.50 and add a June 100/95 Put Spread (55 cents) while selling the July 110 Call (45 cents).

Trade Idea 3: Buy the July/September 110 Call Calendar ($1.70) and sell the July 100 Put ($1.15).

Trade Idea 4: Buy the September 95/110/120 Call Spread Risk Reversal (65 cents).

Start of Summer Annual Sale! Hi all the Start of Summer Annual Sale is on at Dragonfly Capital. Get an annual subscription for 38.2% off or pay quarterly for 15% off. Both auto-renew at that discounted rate until you decide to leave.

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 May in the books, saw equity markets showing some signs of weakness following divergences last week.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil consolidates in a narrow range after a pullback. The US Dollar Index continues to drift to in broad consolidation while US Treasuries continue their downtrend. The short term move higher in the Shanghai Composite looks to be at risk of reversing while Emerging Markets enter a short term downtrend.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. The charts of the SPY and QQQ look strong on the longer timeframe, but with a possible momentum reset continuing in the short run. On the shorter timeframe both the QQQ and SPY have reset to their 20 day SMA’s where they often find support. How they react next week could tell if this week was meaningful or not. The IWM continues to be the laggard, stalled near the top of a 2 year range. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Avantor, Deere, Hartford, KKR and Meta

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

Avantor, Ticker: $AVTR

Avantor, $AVTR, comes into the week approaching resistance. It has a RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week at resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

Hartford Financial Services Group, Ticker: $HIG

Hartford Financial Services Group, $HIG, 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…..

KKR, Ticker: $KKR

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

Meta Platforms, Ticker: $META

Meta Platforms, $META, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive and crossing up. Look for continuation 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 April in the books, saw equity markets in need of a rest.

Elsewhere looked for Gold to continue its record run higher while Crude Oil continue its move to the upside as well. The US Dollar Index to continue the short term trend to the upside while US Treasuries may resume their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets consolidate under long term resistance.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts also look strong, especially on the longer timeframe. On the shorter timeframe the QQQ is at risk for some downside with the IWM in a messy short term uptrend and the SPY the strongest but also seeing some profit taking show up. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: ATI, Crowdstrike, Deere, Hartford Financial and Lilly

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

ATI, Ticker: $ATI

ATI, $ATI, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a break of support to participate…..

Crowdstrike, Ticker: $CRWD

Crowdstrike, $CRWD, comes into the week moving toward resistance. It has a RSI in the bullish zone with the MACD curling up and positive. Look for a push over resistance to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a beak through support to participate…..

Hartford Financial Services, Ticker: $HIG

Hartford Financial Services, $HIG, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…..

Lilly, Ticker: $LLY

Lilly, $LLY, comes into the week pulling back to support. It has a RSI in the bearish zone with the MACD falling. Look for a drop through support 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 3rd Quarter in the books, saw equity markets continue to show weakness.

Elsewhere look for Gold to continue its short term trend lower while Crude Oil may consolidate in its uptrend. The US Dollar Index continues to trend to the upside while US Treasuries trend lower. The Shanghai Composite looks to continue the slow drift lower while Emerging Markets consolidate in a broad range.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look weak on the shorter timeframe, with the QQQ the best at support. On the longer timeframe both the QQQ and IWM are holding in consolidation ranges while the SPY is teasing a continuation lower. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Adobe, FedEx, F5, The Hartford and WWE

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week rising up toward resistance from support. It has a RSI rising in the bullish zone with the MACD flat and positive. Look for a break of resistance to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week moving toward resistance. It has a RSI rising in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week moving higher. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…..

The Hartford Financial Services Group, Ticker: $HIG

The Hartford Financial Services Group, $HIG, comes into the week at resistance. It has a RSI rising over the midline with the MACD about to turn positive. Look for a push over resistance to participate…..

World Wrestling Entertainment, Ticker: $WWE

World Wrestling Entertainment, $WWE, comes into the week in consolidation. It has a RSI in the bullish zone with the MACD crossed down but positive. Look for a break of consolidation 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 month of April in the books, saw equity markets showed resilience with a rebound from an ugly start to the week to finish stronger.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation along with Emerging Markets.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts are mixed with the SPY following the QQQ higher but with both looking strong on both timeframes. The IWM however remains stuck in consolidation under resistance. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: ADP, Alphabet, Hartford Financial, 3M and PPG

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

ADP, Ticker: $ADP

ADP, $ADP, started higher in September and ran to a top in December. After a pullback to a bottom in January it reversed and is back at the prior high. The RSI is rising in the bullish zone with the MACD positive and climbing. Look for continuation over resistance to participate…..

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, made a new high in September and then pulled back to the 200 day SMA. Since then, it has moved higher in 2 steps, to the current consolidation zone. Friday it poked over the top with the RSI rising in the bullish zone and the MACD turning to cross up. Look for continuation to participate…..

Hartford Financial, Ticker: $HIG

Hartford Financial, $HIG, gapped above the 200 day SMA in November and continued to the current resistance level. Friday saw it peek over the top with the RSI rising in the bullish zone and the MACD rising and positive. Look for continuation to participate…..

3M, Ticker: $MMM

3M, $MMM, topped at the end of January and pulled back before settling into the current consolidation. It broke that to the upside Friday with the RSI rising in the bullish zone and the MACD crossing up and positive. Look for continuation to participate…..

PPG, Ticker: $PPG

PPG, $PPG, topped in January and then pulled back. It found support later that month and moved into a consolidation. Friday saw it up against resistance with the RSI rising toward the bullish zone and the MACD crossed up and about to go positive. 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 saw the first week of March create some havoc in equity market, whipsawing the Indexes as rotation continues.

Elsewhere look for Gold to continue its pullback while Crude Oil continues to move higher. The US Dollar Index may be starting to reverse to the upside while US Treasuries continue in their downtrend. The Shanghai Composite looks to pause in its long term uptrend while Emerging Markets consolidate over long term support.

The Volatility Index looks to remain slightly above normal putting a bit of pressure on equity markets. Their charts continue to look strong on the longer timeframe but not as strong as last week. On the shorter timeframe the SPY, the IWM and the QQQ all look to be moving lower with the QQQ looking the weakest of the 3. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Comerica, Hartford Financial, Norfolk Southern, Patterson and Thermo Fisher

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

Comerica, Ticker: $CMA

Comerica, $CMA, made a bottom in March and held there until moving higher at the end of May. It topped in June and then pulled back. Since then it has been consolidating under resistance. The RSI is rising towards the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Hartford Financial, Ticker: $HIG

Hartford Financial, $HIG, bottomed in March and then did not do much until starting to move higher in May. It topped in early June and pulled back, creating a new consolidation zone. It is at resistance now with the RSI rising into the bullish zone and the MACD lifting and positive. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, also bottomed in March and then reversed. It made a top in June and then pulled back. It found support and reversed again, and has been in consolidation against resistance at a lower high since. The RSI is rising in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Patterson, Ticker: $PDCO

Patterson, $PDCO, rose from an April low in a jagged fashion. By late June it was moving higher and made a top in July. Last week it closed with a push over that top. The RSI is rising in the bullish one with the MACD turning up and positive. Look for continuation to participate…..

Thermo Fisher, Ticker: $TMO

Thermo Fisher, $TMO, rose from a March low to consolidation in April. it held there for 10 weeks before moving higher in July. It topped 2 weeks ago and has consolidated since. The RSI is strong in the bullish zone with the MACD flat and positive. Look for a pus up through the triangle 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 July in the books, saw equity markets showed resilience with a rebound from consolidation.

Elsewhere look for Gold to continue higher while Crude Oil consolidates in a tight range. The US Dollar Index continues to move to the downside while US Treasuries continue their uptrend. The Shanghai Composite is building tightening consolidation while Emerging Markets consolidate in their uptrend.

The Volatility Index looks to continue to drift lower making the path easier for equity markets to the upside. Their charts also look strong, especially on the longer timeframe. On the shorter timeframe both the SPY and IWM continue moving up in consolidation. The QQQ looks the strongest moving back toward all-time highs. Use this information as you prepare for the coming week and trad’em well.