#$iqv

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5 Trade Ideas for Monday:  Abbott Labs, Fortinet, IQVIA, Target and Valero

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week breaking support. It has a RSI falling in the bearish zone with the MACD negative and dropping. Look for continuation to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week with a bearish engulfing candle, moving lower. The RSI is dropping in the bearish zone with the MACD negative and falling. Look for continuation to participate….

IQVIA, Ticker: $IQV

IQVIA, $IQV, comes into the week starting another leg lower from the top in December. The RSI is falling in the bearish zone with the MACD negative and falling. Look for continuation to participate…..

Target, Ticker: $TGT

Target, $TGT, comes into the week dropping from a lower high. The RSI is falling with the MACD level at zero. Look for continuation to participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week testing the February high. It has a RSI rising in the bullish zone and the MACD crossed up and positive. Look for a push higher 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 March options expiration, saw equity markets continue to show weakness in choppy trading. The coming week will likely be headline driven again with the Ukraine – Russia conflict and the FOMC meeting adding volatility.

Elsewhere look for Gold to continue its uptrend while Crude Oil pulls back in its uptrend. The US Dollar Index continues to move to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to have established a downtrend while Emerging Markets continue their move lower.

The Volatility Index looks to remain elevated making the path difficult for equity markets. Their charts look weak, especially the SPY and the QQQ on the longer timeframe. On the shorter timeframe both the QQQ and SPY are choppier. The IWM has held in consolidation on both timeframes, relative strength. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Albemarle, Cadence Design, IQVIA, Nasdaq and Tractor Supply

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at both resistance and a record high close. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Cadence Design Systems, Ticker: $CDNS

Cadence Design Systems, $CDNS, comes into the week also at resistance and an all-time high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

IQVIA, Ticker: $IQV

IQVIA, $IQV, comes into the week testing the late September high. It has a RSI rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, comes into the week breaking resistance and at an all-time high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and climbing. 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 two months left in the year, saw equity markets were showing renewed strength with a rebound from an ugly 3rd quarter reaching new all-time highs.

Elsewhere look for Gold to continue to consolidate while Crude Oil continues to the upside. The US Dollar Index continues to drift to the upside at the edge of confirming a reversal while US Treasuries rebound to a short term uptrend. The Shanghai Composite looks to continue to mark time while Emerging Markets try to hold at support in a downtrend.

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. On the shorter timeframe both the QQQ and SPY are also very strong. The IWM just keeps refusing to play though, moving sideways in what is now a 9 month consolidation. Use this information as you prepare for the coming week and trad’em well.

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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 Monday: Avalara, Blackstone, Fiserv, IQVIA and UPS

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

Avalara, Ticker: $AVLR

Avalara, $AVLR, fell below the 200 day SMA and confirmed a short term double top at the start of the month. It is now trying to reverse that with the RSI rising and the MACD about to cross up. Look for a push over resistance to participate…..

Blackstone Group, Ticker: $BX

Blackstone Group, $BX, started higher in November and continued to the current consolidation under resistance. It is re-approaching the top now with the RSI rising in the bullish zone and the MACD about to cross up. Look for a push over resistance to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, ran to a top in April after reversing off the 200 day SMA at the end of January. It pulled back from there, finding support at a higher low 2 weeks ago. It has been consolidating there since. The RSI is rising and the MACD about to cross up. Look for a move over resistance to participate…..

IQVIA, Ticker: $IQV

IQVIA, $IQV, broke up out of a descending triangle at the end of March and ran to a top at the end of April. It has consolidated there until a break higher last week. The RSI is rising in the bullish zone with the MACD turning back higher. Look for continuation to participate…..

UPS, Ticker: $UPS

UPS, $UPS, broke up out of a long channel in April and ran to the current high. It is in consolidation with the RSI pulling back and then MACD crossed down and falling. Look for a break of support 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 May options expiration in the books, saw equity markets take a pause.

Elsewhere look for Gold to continue its move higher while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the downside and 3½ year lows while US Treasuries consolidation in their downtrend. The Shanghai Composite looks to continue to drift sideways in a broad range while Emerging Markets consolidate over long term resistance in a tightening range.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts have all shifted to consolidation now though on the longer timeframe, with the SPY the latest to join. On the shorter timeframe the SPY continues to look the strongest with the IWM in the long consolidation next and the QQQ with the most work left to do to return to bullish. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Ambarella, Avantor, Graco, IQVIA and Zendesk

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

Ambarella, Ticker: $AMBA

Ambarella, $AMBA, started higher out of a long base in November. It continued to a high in February before pulling back. That found support and reversed last week. The RSI also reversed higher with the MACD curling to cross up. Look for continuation to participate…..

Avantor, Ticker: $AVTR

Avantor, $AVTR, has been continually moving higher off the pandemic low. It has paused to consolidate several times along the way. It is currently in consolidation under resistance with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

Graco, Ticker: $GGG

Graco, $GGG, ran to a top in January before pulling back. It has since made two moves lower where it found support and reversed up to resistance. The RSI is rising in the bullish zone and the MACD is positive and moving higher. Look for a push over resistance to participate…..

IQVIA, Ticker: $IQV

IQVIA, $IQV, slowed the pace higher when it crossed the 200 day SMA in May. It continued to a top in February and then settled into consolidation. It broke that consolidation Thursday with a move higher. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Zendesk, Ticker: $ZEN

Zendesk, $ZEN, continued to move higher until making a top in early February. It has pulled back from there and settled into consolidation into March. It held there until a push higher Friday. The RSI is rising in the bullish zone with the MACD crossed up but still negative. 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 Quarter of 2021 in the books, saw equity markets painting a mixed picture, but broadly positive.

Elsewhere look for Gold to possibly reverse out of consolidation to the upside while Crude Oil pauses in its uptrend. The US Dollar Index continues in the short term uptrend while US Treasuries are pausing in their downtrend, and possibly reversing higher. The Shanghai Composite is also looking at a possible reversal to the upside while Emerging Markets pullback in their uptrend.

The Volatility Index looks to remain very low and possibly move lower, making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe, led by the SPY. There looks to be a rotation going back into the QQQ as the IWM marks time. On the shorter timeframe both the QQQ and IWM lag the SPY again with the IWM looking stronger than the QQQ on this scale. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Exact Sciences, Fifth Third, IQVIA, KBR and KKR

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

Exact Sciences, Ticker: $EXAS

Exact Sciences, $EXAS, confirmed a change of character to an uptrend when it broke above resistance in January. It retested the breakout 3 times before continuing higher. It gave a second opportunity in early June as it recovered from a pullback and is doing the same now. The RSI is rising and bullish while the MACD is turning back higher. Look for continuation to participate…..

Fifth Third Bancorp, Ticker: $FITB

Fifth Third Bancorp, $FITB, made a higher high at the beginning of May and then started lower. It found support at the beginning of June and has been consolidating. Last week ended with it rising toward resistance. The RSI is moving up to the bullish zone with the MACD crossed up and positive. Look for a push over resistance to participate….

IQVIA, Ticker: $IQV

IQVIA, $IQV, rose up out of consolidation at the beginning of June. It met resistance 2 weeks ago and consolidated. But Friday saw it break the consolidation to the upside. The RSI is bullish and tad bit overbought with the MACD rising and bullish. Look for continuation to participate…..

KBR, Ticker: $KBR

KBR, $KBR, has trended higher since the December bottom. It crossed the 200 day SMA in February and came back to retest it before continuing higher. Another short term peak in May led to a pullback and then the rise to the current mini consolidation. The RSI is bullish and the MACD positive and avoiding a cross down. Look for a push over short term resistance to participate…..

KKR, Ticker: $KKR

KKR, $KKR, started higher from a December low and then leveled as it hit the 200 day SMA. It has oscillated around it ever since in consolidation and under resistance. Friday it ended at resistance. The RSI is rising and in the bullish zone with the MACD positive and growing. Look for a break of 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 as the 2nd Quarter closed saw equity markets had regained some of their swagger with a couple of positive days.

Elsewhere look for Gold to possibly pause in its uptrend while Crude Oil continues higher. The US Dollar Index continues in the short term downtrend while US Treasuries remain in their uptrend. The Shanghai Composite looks to break consolidation around the round number 3000 and resume the uptrend while Emerging Markets remain in a short term uptrend.

Volatility looks to remain low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts show renewed strength from the IWM with the SPY trying to follow, but a bit less confidence from the QQQ. Perhaps a shift in leadership is coming. Use this information as you prepare for the coming week and trad’em well.