#$laz

[dragonflycap]

5 Trade Ideas for Monday: Donaldson, Honeywell, Intuitive Surgical, Lazard and Sherwin-Williams

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

Donaldson, Ticker: $DCI

Donaldson, $DCI, comes into the week at resistance with tight Bollinger Bands®. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, pulled back from a top in early June, finding support in the middle of the month. It comes into the week back at that prior high with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, comes into the week breaking above prior resistance and at an all-time high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for continuation to participate…..

Lazard, Ticker: $LAZ

Lazard, $LAZ, comes into the week at resistance after a breakout Friday could not hold up. The RSI is rising in the bullish zone with the MACD crossed up and about to go positive. Look for a break and hold to participate…..

Sherwin-Williams, Ticker: $SHW

Sherwin-Williams, $SHW, comes into the week breaking above prior resistance. The RSI is rising in the bullish zone and the MACD is 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 the month of July in the books, saw equity markets showed some signs of being tired.

Elsewhere look for Gold to possibly reverse higher while Crude Oil continues in an uptrend. The US Dollar Index continues to drift to the downside in the short term while US Treasuries push higher in an uptrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets trend lower at support.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe with the exception of the IWM which remains marking time sideways. On the shorter timeframe both the QQQ and SPY shift to short term consolidation with momentum divergences while the IWM muddles along. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Graco, Lazard, Norfolk Southern, Nutrien and Snap

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

Graco, Ticker: $GGG

Graco, $GGG, started higher in March and made a series of higher highs and higher lows. Since moving up off of the 200 day SMA in July it has had a steady trend higher. It paused when it reached the February high and then has continued higher. It comes into the week at resistance with a RSI rising in the bullish zone and then MACD crossing up. Look for a push over resistance to participate…..

Lazard, Ticker: $LAZ

Lazard, $LAZ, met resistance in June just under the 200 day SMA. It pulled back and then made another move higher that stalled under the 200 day SMA. It has held there since. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, started higher in March and met resistance in June. It pulled back to the 50 day SMA and then reversed higher. It is now at all-time highs again. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Nutrien, Ticker: $NTR

Nutrien, $NTR, started higher off of a March low and met resistance in April. It has moved sideways in a range since, tightening against the top the last month. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Snap, Ticker: $SNAP

Snap, $SNAP, ran from a March low to a top in July. It pulled back from there and has been rounding out a bottom recently. The RSI is rising in the bullish zone with the MACD lifting and 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 a second week lower and heading into the September options expiration, saw equities trying to catch their breath but looking weak.

Elsewhere the word is consolidation. Look for Gold to continue its consolidation while Crude Oil breaks consolidation lower. The US Dollar Index continues to consolidate after the drop while US Treasuries move sideways. The Shanghai Composite looks to continue an intermediate consolidation while Emerging Markets consolidate under long term resistance.

The Volatility Index looks to resume a drift lower making the path easier for equity markets to the upside. Their charts still look at risk though, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY are in consolidation after a drop while the IWM is looking the weakest in a pullback. Use this information as you prepare for the coming week and trad’em well.

[abrcapfinancial-blog]

#LAZ Earning declared EPS = 0.86 vs estimate= 0.96 for Q3/18 #sym #spy #earnings #markets

#LAZ Earning declared EPS = 0.86 vs estimate= 0.96 for Q3/18 #sym #spy #earnings #markets

Earning released for LAZ: Actual EPS = 0.86 per share Estimate = 0.96 per share

Get our earning updates on your mobile as soon as they are released

LAZ report:

The mean EPS over the last 16 releases is 1.0 per share. The current EPS at 0.86 per share is below the average EPS per share of the last 16 quaterly earning releases.

LAZ Stock Chart:

LAZ Scores:

LAZ Fundamental Score = Cli…

View On WordPress

[dragonflycap]

5 Trade Ideas for Monday: Ashland, FirstMerit, Lazard, Merck and Red Hat

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

Here are the Rest of the Top 10:

Ashland, Ticker: $ASH

Ashland, $ASH, was a Top 10 pick when it broke above the base in March. Since then it had a strong run higher to a new base. Last week it reported earnings and fell hard, to the bottom of the base it has jumped out of. But it ended the week with some bottoming action. The RSI is turning back up but the MACD remains in a downtrend. Look for a reversal higher to participate.....

FirstMerit, Ticker: $FMER

FirstMerit, $FMER, rose from the February low with a quick gap higher and then continued to a high in June. The pullback had found support until it moved lower following the Brexit vote. That made a new low under the 200 day SMA. After consolidation it moved back higher and stabilized. The end of last week saw the price lift out of that stability. The RSI is rising and bullish and the MACD is moving higher in the bullish zone. Look for continuation to participate to the upside.....

Lazard, Ticker: $LAZ

Lazard, $LAZ, fell with the market to start 2016, making a bottom in February. A bounce in March met resistance and it started lower again, ended with a lower low in June. Since then it has moved higher and last week went through resistance Friday. The RSI is now in the bullish zone and the MACD is rising. Look for continuation to participate to the upside.....

Merck, Ticker: $MRK

Merck, $MRK, started higher off of a low in February and ran to the middle of April. A small pullback and it then made a higher high and consolidated before another run higher. The pullback from that was in a bull flag pattern and broke to the upside, out of the flag Friday, before pulling back. The RSI has held in the bullish zone and the MACD is falling but positive. Look for a move over Friday's high to participate to the upside.....

Red Hat, Ticker: $RHT

Red Hat, $RHT, also moved up off of the February low and then consolidated under 76 for over 2 months. It broke that to the upside and successfully retested it before a push higher in June. That failed and it sold off to the prior channel low. Since then it has been slowly moving higher and is now back at resistance. The RSI is crossing the mid line as it moves higher and the MACD is rising and about to turn positive. Look for a push through resistance to participate to the upside.....

Dragonfly Capital Mid Summer Sale continues through the weekend. Instead of the normal 10% off an Annual Subscription, you can get 20% off of the first year, only through Sunday! That is only $499 for the first year! This offer ends Sunday. Don’t miss out. Sign up 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 August sees the Equity markets still look strong but the smaller cap and technology laden indexes stronger than the large caps.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues lower. The US Dollar Index looks better to the downside short term while US Treasuries are biased higher. The Shanghai Composite looks like it will continue to drift lower while Emerging Markets move higher.

Volatility looks to remain at abnormally low levels keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts show real strength in the QQQ with the IWM ready to join it moving higher, while the SPY takes a pause. Use this information as you prepare for the coming week and trad'em well.

Dragonfly Capital is expanding its normal Mid Summer Sale. Instead of the normal 10% off an Annual Subscription, you can get 20% off of the first year, only through Sunday! That is only $499 for the first year! This offer ends Sunday. Don’t miss out. Sign up here.

[dragonflycap]

5 Trade ideas for Monday: Dow, eTrade, Monsanto, Lazard and Norfolk Southern

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

Dow Chemical, Ticker: $DOW

Dow Chemical, $DOW, is back up near trend resistance dating back to 2014. It ended last week pulling back from consolidation Thursday, but then printed a bullish reversal candle Friday. The RSI pulled back as well but reversed and is in the bullish zone with the MACD crossed down and falling. Look for a break over the consolidation zone for more upside.

E*Trade, Ticker: $ETFC

E*Trade, $ETFC, started the week last week at resistance at 31 and pulled back all week. But Friday it printed a Spinning Top doji. This is often thought of as a reversal candle but is truly just indecision until confirmed up or down. The RSI is falling but still in the bullish zone, while the MACD is about to cross down. These support continued downside. Monday will tell you which way to look.

Lazard, Ticker: $LAZ

Lazard, $LAZ, fell from broad consolidation in August, with the market. Since then it has made a couple of pushes higher, each time failing. Friday saw the stock probe lower and then recover. Is it ready for another push to the upside?

Monsanto, Ticker: $MON

Monsanto, $MON, pulled back from a consolidation area around 115 starting in June. It bottomed in September under 82 before the latest move back higher. The stock has built a bull flag last week and may be breaking it to the upside now. The RSI is holding in the bullish zone after pulling back and the MACD is crossed but level. Look for a break of the flag to the upside to consider buying the stock.

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, broke consolidation to the upside Monday and then consolidated again under 89. The price action is building a bullish consolidation pattern with the RSI firmly in the bullish zone and the MACD rising. Look for a new push higher to participate to the upside.

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Contact me at [email protected] use the code GO CAVS in the message to get either an annual subscription for $556 (an additional 10% off the already 40% discounted rate compared to the monthly) or an annual subscription plus my book signed for $600. This will give you detailed plans for each trade idea.

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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 November Options Expiration and the last week before the shortened Thanksgiving holiday, sees the Equity markets have again shown an inability to make new highs, without giving up the positive longer term perspective.

Elsewhere look for Gold to continue its downtrend, but with a possible short term reversal while Crude Oil works lower. The US Dollar Index looks to continue higher while US Treasuries are biased lower, but also may see a short term reversal. The Shanghai Composite is building energy for another leg higher while Emerging Markets are biased to the downside again.

Volatility looks to remain above the lower range, making things difficult for equities, but looking for a pullback after the spike in short order. The equity index ETF's SPY, IWM and QQQ, all look better to the downside this week. Use this information as you prepare for the coming week and trad'em well.

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[welcometokindergarten]

Let me help you out…

A heaping plate of cognitive dissonance via New York Times:

One reason pensions turn to hedge fund managers is to try to close the expansive gap between what the pensions owe their beneficiaries and the amount of funds that they have to meet those obligations. According to a report by the Pew Charitable Trusts, that gap was around $1 trillion in 2013, the most recent year available.

Whether hedge funds can actually help fill pensions’ coffers is the question responsible trustees must try to answer. Few are financial wizards, so it’s hard for them to truth-squad the sophisticated sales pitch.

Let me help you out: As Nick Murray says, anything that suppresses volatility also suppresses returns.

Hedge funds, by definition, are supposed to suppress volatility (although many of the well known ones are amplifying it these days – another topic for another time). Ergo, no – the addition of hedging will not fill the gap between equity / bond returns and the needed returns of pension funds.

In many cases, it will actually make it worse, we have learned. Low returns and high costs are a recipe for failure based on virtually any financial plan or pension liability.

As more and more institutional investors figure this out (or admit it to themselves), people like my colleague Ben Carlson will have their work cut out for them.

Source:

A Hedge Fund Sales Pitch Casts a Spell on Public Pensions (New York Times)

Image by MTA

[dragonflycap]

5 Trade Ideas for Monday: Abbott Labs, Cognex, Lazard, Northern Trust & Tractor Supply

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, has shown steady progress higher since the October market low with several 'steps' along the way. Two weeks ago it broke above resistance, to start another step higher, and pulled back to retest the break out level last week. It held and is now moving back higher. The momentum indicators are positive, with the RSI in the bullish zone and the MACD rising and looking to avert a cross down.

Cognex, Ticker: $CGNX

Cognex, $CGNX, rose from a double bottom at 36 to a peak at 52.41 in April. From there it created the familiar 'V' recovery and has stalled. Friday put the stock at the lower Bollinger Band® with a second bottoming candle in a row, a Spinning Top Doji. With the RSI holding in the bullish zone look for a reversal higher to get involved.

Lazard, Ticker: $LAZ

Lazard, $LAZ, also printed a double bottom, near 42, and has bee rising since mid January. With a consolidation under resistance at 57 from April through mid June, it finally broke above 2 weeks ago. What makes it interesting is that it then back tested the breakout and held, reversing back higher Friday.

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, looks very similar to Lazard, with the double bottom and run up to resistance. It broke above that resistance last week and then consolidated with a drifting pullback that held above the break point, and reversed up Friday. The RSI is bullish and the MACD is avoiding a cross down, giving the upward bias.

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, first appeared as a trade idea 2 weeks ago as it broke above a symmetrical triangle. It has been consolidating that break out in a channel since, but well short of the target move. The RSI is bullish and rising while the MACD is also rising, both supporting more upside price action.

If you like what you see sign up here for how to trade these, more ideas and deeper analysis. 

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 holiday shortened week sees the equity markets continuing to look better on the longer timeframe with some vulnerability on the short timeframe.

Elsewhere look for Gold to continue consolidation with a downward bias while Crude Oil consolidates with an upward bias. The US Dollar Index continues to move sideways in broad consolidation after the uptrend while US Treasuries are biased lower. The Shanghai Composite may finally be in the long awaited correction while Emerging Markets are biased to the downside.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts continue to show the SPY and QQQ moving similarly on the shorter timeframe while the IWM was stronger until late in the week. The rotation may be starting out of the small caps again. Use this information as you prepare for the coming week and trad'em well.

More at Dragonfly Capital

[dragonflycap]

Looking for 6% Upside in Lazard

Financial stocks have done pretty well this year.  Well until September 1st that is.  But after the shakeout down to the October low most have started to recovered.  One that has languished a bit is the investment band Lazard, $LAZ.  It has basically moved sideways since October 23rd.  But the chart now shows 4 reasons that it might be due for a 6-7% move higher.

The first indication is the double triangle pattern. This is bearish Bat harmonic pattern, but does not confirm to be bearish until the price reaches the Potential Reversal Zone (PRZ) at 54.25. So the pattern looks to continue until then. Second the Bollinger bands went through a contraction and are now expanding to the upside, allowing the price to move higher. Third, the momentum indicators RSI and MACD are moving higher and in the bullish range. Finally a Measured Move would target just above the PRZ at 54.40. A final kicker would be if the 50 day SMA crossed up through the 200 day SMA, a Golden Cross. That looks only a couple days away.

How does a 6-7% move look to you?

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