#$ingr

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5 Trade Ideas for Tuesday: BlackRock, Ingredion, IQVIA, Starbucks and Visa

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

BlackRock, Ticker: $BLK

BlackRock, $BLK, pulled back to the 50 day SMA in June and is now coming into the week breaking to a new high. The RSI is rising in the bullish zone with the MACD crossing up. Look for continuation to participate…..

Ingredion, Ticker: $INGR

Ingredion, $INGR, fell back into prior consolidation at the end of June and settled. It ended last week poking higher with the RSI rising and the MACD about to cross up. Look for continuation to participate…..

IQVIA, Ticker: $IQV

IQVIA, $IQV, made a top in June and then pulled back to the 20 day SMA. It ended last week moving higher to resistance with the RSI rising and bullish while the MACD is crossing up. Look for a push through resistance to participate…..

Starbucks, Ticker: $SBUX

Starbucks, $SBUX, settled into a tight consolidation over the 100 day SMA as it pulled back from a top. It ended the week pressing through resistance with the RSI rising in the bullish zone and the MACD lifting off zero. Look for continuation to participate…..

Visa, Ticker: $V

Visa, $V, made two touches at the 50 day SMA over the last 2 months and ended the week moving to a new high. The RSI is rising in the bullish zone with the MACD lifting from level. 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 the books closed on the 2nd Quarter and heading into the 4th of July weekend, sees equity markets looking very strong on the large cap and tech focused indexes.

Elsewhere look for Gold to possibly move back higher while Crude Oil continues the uptrend. The US Dollar Index continues to rise in broad consolidation while US Treasuries pause in their reversal higher. The Shanghai Composite looks to remain in broad consolidation while Emerging Markets consolidate broadly over long term support.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe with the SPY and QQQ re-invigorating uptrends while the IWM continues to hold up in consolidation. On the shorter timeframe both the QQQ and SPY are running high on momentum measures so both could see a short term consolidation or digestive move. The tight Bollinger Bands® on the IWM might play a role then. Use this information as you prepare for the coming week and trad’em well.

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5 Trade ideas for Tuesday: ConAgra, Express Scripts, Hasbro, Ingredion and Syntel

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

ConAgra Foods, Ticker: $CAG

ConAgra Foods, $CAG, made a high in August and then started a pullback. Since September it has found support at 39 several times, bouncing and then falling back. Friday ended at that level again, with a RSI falling and in the bearish zone and the MACD falling. Watch for either a bounce or continuation.

Express Scripts, Ticker: $ESRX

Express Scripts, $ESRX, fell back from a peak at 94 in July culminating with the August low under 80, where it had found support several times prior. Since then it has drifted higher, but mainly under the 200 day SMA, until the wild ride last week. That left the stock with an RSI in the oversold range and a falling MACD. Time for a bounce?

Hasbro, Ticker: $HAS

Hasbro, $HAS, pulled back to a low just before Christmas, but has been rising since. Last week saw it cross above resistance to end Friday. The RSI and MACD are rising in support of more upside. Look for a higher open to participate in more upside.

Ingredion, Ticker: $INGR

Ingredion, $INGR, had a strong move higher to a peak just under 100 into December. It has pulled back in the new year though falling hard Friday. The RSI is now in the bearish zone and the MACD is falling. Watch Tuesday to either confirm more downside or a reversal.

Syntel, Ticker: $SYNT

Syntel, $SYNT, rose up to prior resistance in December and then started the recent move lower. The initial thrust lower into mid-December was quick and since it has had a series of smaller bounces. The RSI is in the bearish zone now and the MACD is flat. Look for a break of support to participate lower.

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, closed the January options expiration and the worst two week start to a year ever, yet with equity markets looking like they are not done falling yet.

Elsewhere Gold is biased higher in its downtrend while Crude Oil consolidates in its downtrend. The US Dollar Index continues to move sideways but with an upward bias while US Treasuries are biased higher. The Shanghai Composite and Emerging Markets are biased to the downside with the Chinese market possibly ready to consolidate.

Volatility looks to remain elevated and with an upward bias keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts agree and look better to the downside on both the daily and weekly timeframes. The IWM crossed into a bear market and looks the worst. The QQQ is down over 15% but still holding best over the August and September lows, while the SPY has held the closest to its all-time high but is precariously perched heading into the week. Use this information as you prepare for the coming week and trad'em well.

More at Dragonfly Capital

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5 Trade ideas for Monday: Allot Communications, Cigna, Graco, Ingredion & Och-Ziff

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

Allot Communications, Ticker: $ALLT

Allot Communications, $ALLT, fell in a strong gap move lower to start July and has been consolidating, building a bottom since. The bottoming process has met resistance at 6 a couple of time and is there again moving into the short week. The RSI is in the bullish zone and rising while the MACD is crossed up and rising, both supporting a push through to the upside. Watch for a break of resistance to participate.

Cigna, Ticker: $CI

Cigna, $CI, made a top at the end of June and then fell in an arcing pullback. This consolidation created a rounding bottom with the down move. Into the week it is back trying to make a higher high. A possible reversal. The RSI is in the bullish zone and rising while the MACD is rising. Both support continued upside.

Graco, Ticker: $GGG

Graco, $GGG, had been rising in a broad channel until it broke that to the downside, under the 50 day SMA in December. But that fall seems to have found support last week at the lower Bollinger Band® as it printed several doji reversal candles. The RSI touched the oversold level and bounced while the MACD is still falling but starting to level off. Look for a new high to confirm a reversal.

Ingredion, Ticker: $INGR

Ingredion, $INGR, had a strong trend higher from a bottom in August to a peak in late November. It has been in a sideways movement since then though with deteriorating momentum. The RSI remains in the bullish zone but the MACD is moving lower and avoided a cross up last week. Watch for a break of support to enter on the short side.

Och-Ziff, Ticker: $OZM

Och-Ziff, $OZM, started falling in June, losing over 60% of its value before finding support and bouncing in November. It consolidated in a bull flag after an initial bounce and it pressing higher again. The RSI is knocking on the bullish zone while the MACD is leveling after a run higher. Look for a move over Thursday's high 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, heading into the shortened Christmas week sees the equity markets looking weak in the short with the SPY weak in the intermediate term as well.

Elsewhere watch Gold for a bounce in its downtrend while Crude Oil continues lower. The US Dollar Index looks strong and ready for more upside while US Treasuries are mired in broad consolidation. The Shanghai Composite is biased higher in consolidation and Emerging Markets are biased to the downside.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their chars concur on the daily feed after back to back strong down days, while the IWM and QQ are nearing support in prior consolidation channels on the intermediate view. The SPY looks to be weaker rolling lower on the longer view. Use this information as you prepare for the coming week and trad'em well.

More at Dragonfly Capital

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5 Trade Ideas for Monday: DexCom, Fiserv, Ingredion, Netflix & Valero

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

DexCom, Ticker: $DXCM

DexCom, $DXCM, has been a long time winner, rising in a strong trend since breaking out of a triangle in November 2014. The stock started to stall, consolidating in mid August before falling with the broad market August 24th. It recovered from there and moved to a new high before dropping hard again with all of healthcare stocks. The 100 day SMA has acted as support on both falls and now the stock is consolidating under prior support, now resistance. Will it be a retest and failure to new lows or a reversal higher to new highs?

Fiserv, Ticker: $FISV

Fiserv, $FISV, has also been in a long rising trend. It fell with the market in August but has recovered and back in its rising channel. The RSI has remained bullish throughout this and the MACD is crossed up again. Both support more upside price action. Look at a move over the short term resistance as an entry trigger.

Ingredion, Ticker: $INGR

Ingredion, $INGR, pulled back from a high in August, finding support at 83. From there is consolidated and then jumped higher in mid September before a 61.8% retracement of the move up. Now rising again, it printed a near Marubozu candle Friday, very bullish, back to resistance. With the Bollinger Bands® opening up and the RSI bullish and rising along with bullish MACD, there is strong support for more upside price action.

Netflix, Ticker: $NFLX

Netflix, $NFLX, had a strong run higher form April to a peak in early August. It pulled back with the market and recovered, and it now settling into a tightening symmetrical triangle. The Bollinger Bands are squeezed and may be starting to open, allowing a move. This happens as the price action Friday takes it to the top of the triangle. The RSI is slowly trending higher and through the mid line with the MACD rising. Look for a break of the triangle to participate.

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, is in the refining space, the only part of the oil business that has had a good run recently. It got hit in the August pullback though and found support at its 200 day SMA. That has been acting as support since with resistance above. The move up Friday to that resistance and over the 50 day SMA for the first time since August 22nd brings promise for more upside. The RSI is rising and the MACD going higher too, in support.

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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 the first full week of October sees the indexes again have dodged a bullet and ended the week on strength.

Elsewhere look for Gold to continue to consolidate in its downtrend while Crude Oil consolidates in its downtrend. The US Dollar Index looks to mark time as it consolidates its move higher while US Treasuries are biased higher in the short term. The Shanghai Composite looks to continue to consolidate in its trend lower while Emerging Markets are biased to the upside in broad consolidation after their move lower.

Volatility looks to remain elevated but moving back toward normal levels easing the headwind for the equity index ETF's SPY, IWM and QQQ. The indexes themselves all look good in the short term while they consolidate in the intermediate term. Use this information as you prepare for the coming week and trad'em well.