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5 Trade Ideas for Monday: Ally, Amgen, GE Aerospace, Intel and JP Morgan and early summer discount!

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

Ally Financial, $ALLY, comes into the week at resistance. It has an RSI rising in the bullish zone with the MACD turning positive. Look for a push over resistance to participate…

Amgen, $AMGN, comes into the week rounding up out of a pullback. It has a RSI rising in the bullish zone and the MACD positive. Look for continuation to participate…

GE Aerospace, $GE, comes into the week breaking above resistance. It has an RSI in the bullish zone and a MACD positive and rising. Look for continuation to participate…

Intel, $INTC, comes into the week at resistance. It has an RSI rising in the bullish zone and a MACD positive and curling up. Look for a push over resistance to participate…

JP Morgan Chase, $JPM, comes into the week pushing over resistance. It has an RSI rising in the bullish zone with the MACD positive. 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 heading into the FOMC meeting and June options expiration, saw equity markets appearing to have stopped the damage with small caps leading at all-time highs.

Elsewhere, look for Gold to continue a short term downtrend while Crude Oil settles under $90/bbl, near support and a change of character to a downtrend. The US Dollar Index looks to drift lower near the top of the range while US Treasuries continue to hold over support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue the short term trend to the downside while Emerging Markets look to recover from the pull back in their uptrend.

The Volatility Index looks to continue lower in the normal zone, after a pop to test the recent range, giving a bit of a tailwind to equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe after the reset out of overbought conditions. On the shorter timeframe the SPY and the QQQ still have some work left in the short term bounce to prove the pullback is over. The IWM, however, is looking strong, with an all-time high to end the week. Use this information as you prepare for the coming week and trad’em well.

#$ALLY #$AMGN #$GE #$INTC #$JPM

5 Trade Ideas for Monday: Bristol-Myers, Fedex, Honeywell, JP Morgan and Mastercard

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

Bristol-Myers Squibb, $BMY, comes into the week rounding out a bottom. It has a RSI rising toward the midline with the MACD crossed up. Look for continuation to participate…

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

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

JP Morgan, $JPM, 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…

Mastercard, $MA, 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 that saw with April in the books and the FOMC meeting next week, equity markets signaled that the bottom is in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil resumes a new downtrend under support. The US Dollar Index remains in a short term downtrend, failing to continue a reversal, while US Treasuries consolidate the downtrend. The Shanghai Composite looks to continue to consolidate in a tight range while Emerging Markets are poised for more upside in broad consolidation nearing resistance.

The Volatility Index looks to remain slightly elevated but moving lower making the path easier for equity markets to the upside. Their charts show short term strength on both timeframes. On the shorter timeframe the IWM, the QQQ and the SPY are breaking short term resistance on a shift to bullish momentum. On the longer timeframe the classic “V” recovery is showing up in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

#$BMY #$FDX #$HON #$JPM #$MA

4 Trade Ideas for JP Morgan: Bonus Idea

JP Morgan, $JPM, comes into the week at an all-time at prior resistance. The Bollinger Bands® have opened to allow a move higher. It has a RSI deep in the bullish zone with the MACD positive and rising. There is no resistance above 225.50 but a Measured Move gives a target to 236. Support lower comes at 221.50 and 217. Short interest is low at 1%. The stock pays a dividend with an annual yield of 2.22% and has traded ex-dividend since October 4th.

The company is expected to report earnings next on January 15th. The November options chain has biggest open interest at the 185 put strike and at the 225 call strike. In the December chain open interest is largest at the 200 put then 190. On the call side it is biggest at the 230 and 240 strikes. Finally, in the January chain open interest builds from the 225 put strike to a high at the 180 strike. On the call side it is spread from 180 to 260, biggest at 240 then 230.

JP Morgan, Ticker: $JPM

Trade Idea 1: Buy the stock on a move over 225.50 with a stop at 217.

Trade Idea 2: Buy the stock on a move over 225.50 and add a November 225/215 Put Spread ($3.00) while selling the December 240 Call ($2.65).

Trade Idea 3: Buy the November/December 235 Call Calendar ($2.40) and sell the November 215 Put ($1.80).

Trade Idea 4: Buy the January 210/230/240 Call Spread Risk Reversal (free).

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 showing some strength battling against a narrative of slower Fed cuts.

Elsewhere look for Gold to continue its uptrend while Crude Oil drops in consolidation. The US Dollar Index may reverse the short term uptrend while US Treasuries pullback in consolidation. The Shanghai Composite looks to drop back from its spike while Emerging Markets stall in their move higher.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe the SPY is leading the way higher with the QQQ slowly battling back to its high and the IWM poking its head up perhaps to make another attempt at a run higher. Use this information as you prepare for the coming week and trad’em well.

#$JPM

4 Trade Ideas for JP Morgan: Bonus Idea

Here is your Bonus Idea with links to the full Top Ten:

JP Morgan Chase, JPM, comes into the week rounding higher out of a pullback to a higher low. It is reclaiming the 200 day SMA with the movement Friday as it rises. The RSI bottomed at the edge of the bullish zone and is now rising again with the MACD negative but about to cross up and into positive territory. There is resistance at 308.50 and 312 followed by 315 and 320 before 323 and 329.50 then the all-time high at 335.87. Support lower comes at 304 and 300 then 295. Short interest is low under 1%. The stock pays a dividend with an annual yield of 1.96% and we’ll trade ex-dividend beginning July 6th.

The company is expected to report earnings next on the morning of July 13th before the open. Open interest in the June option chain is biggest at the 270 put strike. On the call side it is biggest at the 320 strike. In the July chain the biggest open interest appears at the 285 and 265 strikes on the put side. It builds from 300 to a peak at 340 on the call side. Finally in the August chain, the biggest open interest is at the 300 strike then the 20 strike on the put side. On the call side it is biggest at the 320 strike.

JP Morgan Chase, Ticker : $JPM

Trade Idea 1: Buy the stock on a move over 308.50 with a stop at 298.50.

Trade Idea 2: Buy the stock on a move over 308.50 and add a June 300/285 Put Spread ($3.56) while selling the July 330 Call ($3.45).

Trade Idea 3: Buy the June/July 320 Call Calendar ($4.24) while selling the June 295 Put ($3.25).

Trade Idea 4: Buy the August 280/310/340 Call Spread Risk Reversal ($4.85).

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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 unofficial start of summer, saw equities continue to show strength, regaining their swagger following a stumble to start the week.

Elsewhere, look for Gold to continue walking the fence between a downtrend and digestion in the uptrend while Crude Oil bounces around in tightening consolidation around $100/bbl. The US Dollar Index looks to continue to drift higher in broad consolidation while US Treasuries continue to test support and a possible continuation of their downtrend. The Shanghai Composite looks to continue digestion in the short term uptrend while Emerging Markets digest the new highs in their uptrend.

The Volatility Index looks to continue lower in the normal zone, giving a tailwind to equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe with a 8th positive week for the SPY. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong, retesting all-time highs after working off some of the but overheated momentum levels. Use this information as you prepare for the coming week and trad’em well.

#$JPM

4 Trade Ideas for JP Morgan: Bonus Idea

JP Morgan, $JPM, comes into the week approaching the all-time high from November and below the September high. It has a RSI rising in the bullish zone, but noting a bearish divergence in momentum should it not reach above the prior high, and a MACD positive and rising. There is no resistance above 322.50. Support lower is at 312 and 307. Short interest is low under 1%. The stock pays a dividend with an annual yield of 1.90% and has traded ex-dividend since October 6th.

The company is expected to report earnings next on January 13th. The December options chain shows biggest open interest at the 265 put strike then 275 and 295, and at 340 and 320 on the call side. In the January chain it is biggest at the 270 put and the 300 call, but then 320 above. Finally the February chain it is biggest at the 270 put and the 325 call strikes.

Trade Idea 1: Buy the stock on a move over 319 with a stop at 307.

Trade Idea 2: Buy the stock on a move over 319 and add a January 310/295 ($4.70) Puts and sell the February 340 Calls ($4.30).

Trade Idea 3: Buy the December/January 320 Call Calendar ($5.25) while selling the January 310 Puts ($3.20).

Trade Idea 4: Buy the February 300/320/340 Call Spread Risk Reversal (90 cents).

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 December in the books and the FOMC next week, saw equity markets show strength moving higher.

Elsewhere, look for Gold to continue the uptrend while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the downside while US Treasuries continue in consolidation still teasing of a possible reversal higher. The Shanghai Composite looks to continue the uptrend after some digestion from the 10 year highs while Emerging Markets move up from support 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 look strong on the longer timeframe after reversals on the week. On the shorter timeframe the SPY and the QQQ have regained their swagger with higher short term highs, while the IWM leads the charge with a new all-time high. Use this information as you prepare for the coming week and trad’em well.

#$JPM

5 Trade Ideas for Monday: BP, JP Morgan, Lilly, Lockheed and Wells

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

BP, $BP, comes into the week consolidating under resistance. It has a RSI flat in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…

JP Morgan, $JPM, 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…

Lilly, $LLY, comes into the week breaking above resistance. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participate…

Lockheed Martin, $LMT, comes into the week rounding out of a pullback. It has a RSI at the midline with the MACD positive. Look for continuation to participate…

Wells Fargo, $WFC, comes into the week pressing against resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push through 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 following the FOMC meeting and Powell’s unexpected caution that a December rate cut was not inevitable, equity markets brushed it aside and focused on the good earnings reports to hold at all-time highs.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves lower again in consolidation. The US Dollar Index continues to drift to the upside consolidation rounding out a bottom, while US Treasuries hold at the breakout higher in their consolidation, continuing to tease of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets also continue their uptrend at 4 year highs.

The Volatility Index looks to continue to drift in the normal zone freeing equity markets to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe. On the shorter timeframe the SPY and QQQ also look strong holding at all-time highs, while the IWM continues the trend higher but in a move volatile range. Use this information as you prepare for the coming week and trad’em well.

#$BP #$JPM #$LLY #$LMT #$WFC

5 Trade Ideas for Tuesday: AbbVie, ConocoPhillips, J&J, JP Morgan and Oxy Pete

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

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

ConocoPhillips, $COP, 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…

Johnson & Johnson, $JNJ, comes into the week trying to reverse out of a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

JP Morgan, $JPM, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Occidental Petroleum, $OXY, comes into the week trending higher. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

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If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.

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 August in the books and heading into the Labor Day Holiday weekend, saw equity markets hold firm with some minor profit taking Friday.

Elsewhere, look for Gold to continue to press up and through the top of its consolidation zone while Crude Oil drifts in consolidation. The US Dollar Index continues to base in the intermediate term move to the downside, teasing a possible change of character, while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue the uptrend to new 10 year highs while Emerging Markets also continue their uptrend.

The Volatility Index looks to continue to hold at low levels making life easier for equity markets to the upside. The chart of the SPY continues to look strong on both timeframes, closing just under Thursday’s all-time high. The QQQ has a short term warning sign with momentum fading but remains strong on the longer timeframe. The IWM more closely resembles the SPY, strong on both timeframes, but measured against its 8½ month high. Use this information as you prepare for the coming week and trad’em well.

#$JPM #$JNJ #$OXY #$COP #$ABBV

4 Trade Ideas for JP Morgan: Bonus Idea

JP Morgan, $JPM, comes into the week pulling back to support at what was both prior support and resistance, and the 20 day SMA. This pullback comes after a reversal at the 50% retracement of the move up off the October 2023 low. It has a RSI level in the bullish zone with the MACD possibly crossing down and positive. There is resistance at 264 and 270 then 277.25 and 281. Support lower sits at 256 and 252 then 248.50 and 245 before 240 and 236.50.0 Short interest is low 1%. The stock pays a dividend with an annual yield of 2.15% and will start to trade ex-dividend July 3rd.

The company is expected to report earnings next on July 15th. The June options chain shows large open interest at every 5’s strike from 260 to 235 on the put side, but focused at the 250 strike on the call side. In the July chain it is biggest at the 230 put strike and spread from the 260 to 285 strikes on the call side. Finally, the August chain has biggest open interest at the 220 put and 280 call strikes.

Trade Idea 1: Buy the stock on a move over 262 with a stop at 254.

Trade Idea 2: Buy the stock on a move over 262 and add a 255/245 Put Spread ($2.25) while selling a July 285 Call ($2.35).

Trade Idea 3: Buy the June/July 280 Call Calendar ($2.75) while selling the June 245 Put ($2.00).

Trade Idea 4: Buy the August 240/265/280 Call Spread Risk Reversal ($1.35).

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link during the Memorial Day Sale!

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 unofficial start of summer, saw equity markets showing they could use a long weekend to recover.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets remain on the cusp of breaking consolidation to the upside.

The Volatility Index looks to continue in the normal range, but with an upside bias, removing the stimulus for equity markets to the upside. Their charts show short term strength on the longer timeframe with digestion in the shorter timeframes. The IWM continues to lag the SPY and QQQ in recovery in price and the shift to bullish momentum on the longer timeframe. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY and QQQ close in on their all-time highs. Use this information as you prepare for the coming week and trad’em well.

#$JPM

4 Trade Ideas for JP Morgan: Bonus Idea

Here is your Bonus Idea with links to the full Top Ten:

JP Morgan Chase, Ticker : $JPM

Trade Idea 1: Buy the stock on a move over 308.50 with a stop at 298.50.

Trade Idea 2: Buy the stock on a move over 308.50 and add a June 300/285 Put Spread ($3.56) while selling the July 330 Call ($3.45).

Trade Idea 3: Buy the June/July 320 Call Calendar ($4.24) while selling the June 295 Put ($3.25).

Trade Idea 4: Buy the August 280/310/340 Call Spread Risk Reversal ($4.85).

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Don’t miss out on the Memorial Day Sale. Get an annual subscription for 30% off. Subscribe here.

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 unofficial start of summer, saw equities continue to show strength, regaining their swagger following a stumble to start the week.

#$JPM

#$jpm

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