#$mrk

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5 Trade Ideas for Monday: American Express, eBay, Merck, Microsoft and Sherwin-Williams

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

American Express, $AXP, comes into the week breaking resistance. It has an RSI in the bullish zone and a MACD positive. Look for continuation to participate…

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

Merck, $MRK, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Microsoft, $MSFT, comes into the week at short term resistance. It has an RSI at the midline with the MACD crossed up and negative. Look for a push over resistance to participate…

Sherwin-Williams, $SHW, comes into the moving above resistance. It has an RSI 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 with the month of June and its non-farm payroll report in the rearview mirror, saw the high correlation of the equity market indexes may be starting to disconnect.

Elsewhere, look for Gold to continue a short term downtrend along with Crude Oil extending its downtrend. The US Dollar Index looks to continue flirt with a break of the 15 month range and morphing into an uptrend while US Treasuries continue to hold over support in consolidation. The Shanghai Composite looks to continue the consolidation in a slow drifting range higher while Emerging Markets pause and digest after a long run of new highs in their uptrend.

The Volatility Index looks to continue in the normal zone keeping at least a slight tailwind behind equities. Despite this the broad indexes have gone nowhere on the week. The charts of the SPY, the QQQ and the IWM continue to look strong on the longer timeframe with the IWM leading and the SPY and QQQ consolidating. 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. Making a new all-time high, or at least a move over the June high, with higher momentum readings would solidify that. The IWM, however, is looking strong, after making a new all-time high Tuesday. Use this information as you prepare for the coming week and trad’em well.

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4 Trade Ideas for Merck: Bonus Idea

Merck, $MRK, comes into the week consolidating under resistance in a 6 month uptrend. It has the Bollinger Bands® open higher to allow a move with the consolidation bringing price back inside them. The RSI is deep in the bullish zone with the MACD level and positive. There is resistance at 123 and then back to 2024 at 124 and 128 followed by 129.50 and 132 before the all-time high at 133. Support lower sits at 120.50 and 116.50 then 111.50. Short interest is low at 1.2%. The stock pays a dividend with an annual yield of 2.78% and will trade ex-dividend on March 16th.

The company is expected to report earnings next on April 30th. The March options chain shows the biggest open interest at the 75 and 105 strikes on the put side, and at the 100 and 120 call strikes below price and the 125 strike above as the biggest. In the April chain open interest builds from 125 to a peak at 95 then tails on the put side, and is focused at 100 and 115 on the call side. Finally, in the May chain, open interest is light on the put side, but large and focused at the 135 call strike.

Trade Idea 1: Buy the stock on a move over 123 with a stop at 119.

Trade Idea 2: Buy the stock on a move over 123 and add a March 120/110 Put Spread ($2.43) while selling the May 135 Calls ($2.29).

Trade Idea 3: Buy the March/April 130 Call Calendar ($1.51) while also selling the March 115 Put ($1.19).

Trade Idea 4: Buy the May 110/125/135 Call Spread Risk Reversal ($1.03).

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 heading into the last week of February and after the Supreme Court ruling that tariffs were illegally put in place, saw equity markets show resilience holding steady on the week.

Elsewhere, look for Gold to continue to drift between $5000 and $5100 digesting the long move up while Crude Oil moves slightly higher in the consolidation range. The US Dollar Index is continuing to show some weakness holding near a 4 year low while US Treasuries look to hold in the upper end of the consolidation zone. The Shanghai Composite looks to come back in action after the holidays to a pause in the uptrend while Emerging Markets continue to add 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 and the IWM remain strong on the longer timeframe with the QQQ starting to recover from a roll lower. On the shorter timeframe all 3 are in consolidation ranges with the top at the highs but with negative momentum divergences that could lead to short term moves lower. Use this information as you prepare for the coming week and trad’em well.

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4 Trade Ideas for Merck: Bonus Idea

Merck, $MRK, comes into the week rounding out a bottoming pattern. It has made a series of short term higher highs and higher lows. It has a RSI in the bullish zone with the MACD positive and climbing with the Bollinger Bands® opening higher. There is resistance at 85.25 and 87.50 then 89 and 91.50 before 93.50 and 95.50. Support lower is at 82.25 and 80.50. Short interest is low at 1.4%. The stock pays a dividend with an annual yield of 3.89% and has traded ex-dividend since June 16th.

The company is expected to report earnings next on July 29th. The July options chain shows the biggest open interest at the 75 put strike and the 85 call strike. In the August chain open interest is largest at the 75 put and the 90 call strikes. In the September chain open interest is biggest at the 80 and 60 put strikes and then at the 90 strike on the call side.

Trade Idea 1: Buy the stock on a move over 85.25 with a stop at 82.25.

Trade Idea 2: Buy the stock on a move over 85.25 and add an August 80/75 Put Spread ($1.25) while selling the September 95 Call (91 cents).

Trade Idea 3: Buy the July/August 85 Call Calendar ($2.40) while selling the August 75 Put (67 cents).

Trade Idea 4: Buy the September 75/85/95 Call Spread Risk Reversal ($1.45).

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 heading into earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is looking stronger as it moves higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Aflac, Air Products, GE, Lockheed Martin and Merck

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

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

Air Products, $APD, comes into the week approaching resistance. It has a RSI at the midline with the MACD level at zero. Look for a push over resistance to participate…

GE Aerospace, $GE, 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…

Lockheed Martin, $LMT, comes into the week at short term resistance. It has a RSI at the midline with the MACD crossed up and negative. Look for a push over resistance to participate…

Merck, $MRK, comes into the week breaking resistance. It has a RSI rising at the midline with the MACD crossed up but 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 month of February in the books, saw equity markets end with a seasonally weak period, raising the fear factor.

Elsewhere look for Gold to pause in its march higher while Crude Oil consolidates in the bottom of a broad range. The US Dollar Index looks to try to rebound to the upside while US Treasuries show some short term strength in consolidation. The Shanghai Composite looks to consolidate in the recent move higher while Emerging Markets shift to a short term move lower.

The Volatility Index looks to remain low but rising, making the path easier for equity markets to the downside. The charts of the SPY and QQQ look strong still on the longer timeframe, but on the shorter timeframe both, as well as the IWM, are showing signs of a deeper pullback. The IWM remains stuck in a channel on the longer timeframe. Use this information as you prepare for the coming week and trad’em well.

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4 Trade Ideas for Merck: Bonus Idea

Merck, $MRK, comes into the week making a short term higher high. It is also pushing open the Bollinger Bands® and has crossed above the 50 day SMA. The RSI is rising back into the bullish zone with the MACD crossed up and approaching a move to positive. All of this is in the context of price holding over the 200 day SMA since February 2022 and making an intermediate term series of higher highs and higher lows. A move over the May high at 119.65 will continue this trend higher. There is resistance at 116.60 and 118.50. Support lower comes at 113 and 112 then 110 and 108. Short interest is low under 1%. 

The stock pays a dividend with an annual yield of 2.55% and has traded ex-dividend since June 14th. The company is expected to report earnings next on August 1st. The July options chain shows biggest open interest at the 110 put and the 120 call. In the August chain it is spread from 115 to 100 on the put side and builds from 110 to a peak at 125 on the call side. The September chain has biggest open interest at the 105 put and 120 call.

Merck, Ticker: $MRK

Trade Idea 1: Buy the stock on a move over 115 with a stop at 108.

Trade Idea 2: Buy the stock on a move over 115 and add an August 110/105 Put Spread (90 cents) while selling a September 125 Call (85 cents).

Trade Idea 3: Buy the July/August 120 Call Calendar ($1.13) while selling the August 105 Puts (73 cents).

Trade Idea 4: Buy August 105/115/120 Call Spread Risk Reversal ($1.50).

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 5 trading days left in the second Quarter, saw equity markets take a break, pulling back following several strong weeks.

Elsewhere look for Gold to continue its pullback while Crude Oil drops in broad consolidation. The US Dollar Index continues in consolidation while US Treasuries also consolidate. The Shanghai Composite looks to continue the new short term move lower while Emerging Markets also term lower in the short term.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their SPY and QQQ charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY could have now reset on momentum measures as both were extended. The IWM had the worst week giving up nearly the entire move since the breakout and looking weak on both timeframes. Use this information as you prepare for the coming week and trad’em well.

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4 Trade Ideas for Merck: Bonus Idea

Merck, $MRK, comes into the week moving up towards resistance after a month long pullback from a new all-time high. The RSI is rising back towards the bullish zone with the MACD about to turn positive. There is resistance at 110 and 112.25 then 115. Support lower is at 108 and 106.25 then 105.25 and 102.75. Short interest is low under 1%. The stock pays a dividend with and annual yield of 2.67% and will begin trading ex-dividend on March 14th. The company is expected to report earnings next on April 27th.

The March options chain shows highest open interest at the 105 strike on the put and then tailing lower to 92.50. On the call side it is spread from 100 to 120, biggest at 110. In the April chain open interest is spread from 115 to 92.50 on the put side. It is biggest at 97.50 then 110 and 115 on the call side. The May chain is just starting to build open interest and is active at the 105 put and the 110 and 115 call strikes.

Merck, Ticker: $MRK

Trade Idea 1: Buy the stock on a move over 110 with a stop at 105.

Trade Idea 2: Buy the stock on a move over 110 and add an April 105/97.50 Put Spread ($1.32) and selling the May 120 Call (99 cents).

Trade Idea 3: Buy the April/May 115 Call Calendar ($1.07) while selling the April 97.50 Put (62 cents).

Trade Idea 4: Buy the May 100/110/115 Call Spread Risk Reversal (85 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 February options expiration in the books, saw equity markets showing resilience holding up well despite an onslaught of negative inflation news and shifting narrative to further FOMC tightening.

Elsewhere look for Gold to continue its short term pullback while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the upside in the downtrend while US Treasuries continue a short term downtrend. The Shanghai Composite looks to continue the pullback in consolidation while Emerging Markets pullback in their uptrend.

The Volatility Index looks to remain normal and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe holding in consolidation after making higher highs. On the shorter timeframe both the QQQ and SPY are holding over support while the IWM has started to move higher out of a bull flag. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Albemarle, Amgen, Anthem, F5 and Merck

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive and moving up. Look for a push over resistance to participate…..

Amgen, Ticker: $AMGN

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week at an all-time high. It has a RSI in the bullish zone with the MACD lifting up off the signal line and positive. Look for continuation to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week at resistance and the 200 day SMA. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Merck, Ticker: $MRK

Merck, $MRK, comes into the week breaking over trend resistance. It has a RSI rising in the bullish zone with the MACD climbing 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 heading into the last week of the 1st Quarter, saw equity markets showed some strength in the face of increasing expectations for Fed moves and aggressiveness as well as continued war in Ukraine.

Elsewhere look for Gold to continue its move higher while Crude Oil also rebounds to the upside. The US Dollar Index continues to drift to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets may resume the downtrend.

The Volatility Index has made a return to normal levels making the path easier for equity markets to the upside. The charts of the SPY and QQQ look strong, especially on the longer timeframe. On the shorter timeframe both are close to confirming reversals to the upside. The IWM remains in its old pattern of consolidation, just in a lower range. Use this information as you prepare for the coming week and trad’em well.

[11graphs]

Investing $1,000 in Merck

Do you invest in MERCK ($MRK)?

Merck is an American multinational pharmaceutical company and one of the largest pharmaceutical companies in the world. Merck & Co. is the world's seventh largest pharmaceutical company by market capitalization and revenue. Its headquarters is located in Kenilworth, New Jersey. The company ranked No. 78 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Merck & Co. publishes The Merck Manuals, a series of medical reference books for physicians, nurses, technicians, and veterinarians. These include the Merck Manual of Diagnosis and Therapy, the world's best-selling medical reference. The Merck Index, a compendium of chemical compounds, was formerly published by Merck & Co. before being acquired by the Royal Society of Chemistry in 2012. - *Remember this isn't investment advice, just general information only. Any investing involves risks.* - ❤️ Like | 👇 Save | 📣 Share | 💬 Comment 🏆 Many thanks for your support 🏆 - 👉Follow @11Graphs for more👈 👉Follow @11Graphs for more👈