#$psx

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5 Trade Ideas for Monday: ADP, Crown Castle, Dollar General, Ingersoll-Rand and Phillips 66

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

ADP, Ticker: $ADP

ADP, $ADP, comes into the week pulling back from a top. It has a RSI dropping in the bullish zone with the MACD crossed down and positive. Look for continuation to participate…..

Crown Castle, Ticker: $CCI

Crown Castle, $CCI, comes into the week breaking short term resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Dollar General, Ticker: $DG

Dollar General, $DG, comes into the week possibly reversing a gap down. It has a RSI oversold with the MACD negative. Look for continuation to participate…..

Ingersoll-Rand, Ticker: $IR

Ingersoll-Rand, $IR, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a break of support to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, comes into the week pressing support. It has a RSI in the bearish zone with the MACD negative. Look for a drop under 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 first week of September in the books, saw equity markets revert to weakness, trending lower all week.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to move lower. The US Dollar Index continues in broad consolidation while US Treasuries show signs of a possible new uptrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets drop back into a short term downtrend.

The Volatility Index looks to shift from low and stable to low and rising making the path more difficult for equity markets. Their charts look weak om the shorter time frame as price pulls back from a lower high, but they remain above making a lower low for now. On the longer timeframe they look stronger, but vulnerable with the SPY strongest then the IWM and the QQQ the weakest. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Broadcom, Graco, Okta, Phillips 66 and Charles Schwab

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

Broadcom, $AVGO, comes into the week approaching resistance. It has a RSI near the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…

Graco, $GGG, comes into the week approaching resistance. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participate…

Okta, $OKTA, comes into the week breaking resistance. It has a RSI rising at the midline with the MACD crossed up. Look for continuation to participate…

Phillips 66, $PSX, comes into the week approaching resistance. It has a RSI nearing the midline with the MACD crossed up. Look for a push over resistance to participate…

Charles Schwab, $SCHW, comes into the week at resistance. It has a RSI moving into 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 just 3 trading days left in April, equity markets showed signs that the bottom might be in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil consolidates a possible new downtrend under support. The US Dollar Index sets up for a reversal to the upside 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.

The Volatility Index looks to remain elevated but moving lower making the path easier for equity markets to the upside. Their charts show signs of a reversal on both timeframes. On the shorter timeframe the IWM, the QQQ and the SPY are breaking short term resistance. On the longer timeframe are printed large engulfing candles over key price levels. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Antero Resources, CME, Phillips 66, TDS and US Cellular

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

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

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

Phillips 66, $PSX, comes into the week trying to round out of a pullback. It has a RSI rising from oversold and a MACD curling up but negative. Look for continuation to participate…

Telephone and Data Systems, $TDS, comes into the week approaching resistance. The RSI is rising in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…

United States Cellular, $USM, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD curling up and 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 which with just 2 trading days left in 2024, saw the week show some disappointment in equity markets following a strong rebound early.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to hold at resistance while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on the longer timeframe. On the shorter timeframe both look a little weaker. The IWM is now weak enough that it is threatening the uptrend. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Airbnb, Adobe, Alaska Air, American Express and Phillips 66

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

Airbnb, Ticker: $ABNB

Airbnb, $ABNB, comes into the week bouncing off the 20 day SMA. It has a RSI rising in the bullish zone with the MACD turning to cross up. Look for continuation to participate…..

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week printing a Doji Hammer reversal candle. The RSI is oversold with the MACD negative and falling. Look for a move higher to participate…..

Alaska Air, Ticker: $ALK

Alaska Air, $ALK, comes into the week moving over the 200 day SMA. It has a RSI rising in the bullish zone and a MACD positive and climbing. Look for continuation to participate…..

American Express, Ticker: $AXP

American Express, $AXP, comes into the week reversing from a short term pullback. The RSI is rising in the bullish zone with the MACD positive and turning higher. Look for continuation to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, comes into the week nearing resistance. It has a RSI rising into the bullish zone and a MACD about to turn positive. Look for a push over 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 with only one quarter of the year remaining, saw equity markets staging their biggest pullbacks since the spring.

Elsewhere look for Gold to consolidate while Crude Oil consolidates in an uptrend. The US Dollar Index continues to trend higher while US Treasuries pullback. The Shanghai Composite looks to continue in consolidation while Emerging Markets trend lower but are at support.

The Volatility Index looks to at moderate levels making things more difficult for equities to improve. Their charts remain mixed with the SPY and QQQ strong with digestive pullbacks on the longer timeframe, but in downtrends on the shorter timeframe. The IWM remains in its long sideways consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: JB Hunt, Kansas City Southern, M&T Bank, Perrigo and Phillips 66

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

JB Hunt, Ticker: $JBHT

JB Hunt, $JBHT, ran to a top in August and then reversed. After 5 weeks heading lower it reversed and rose to a lower high, before another reversal lower. It has been rising since and is now in consolidation. The RSI is rising in the bullish zone with the MACD lifting and positive. Look for a push over resistance to participate…..

Kansas City Southern, Ticker: $KSU

Kansas City Southern, $KSU, made a high in September and then went to sleep. It has done nothing since, moving sideways for over 3 months. It ended last week back at that high with the RSI rising in the bullish zone and the MACD flat and positive. Look for a push over resistance to participate…..

M&T Bank, Ticker: $MTB

M&T Bank, $MTB, fell to a low in March and then bounced. It met resistance in June and fell back. It held in tight consolidation until the latest push higher back to resistance. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Perrigo, Ticker: $PRGO

Perrigo, $PRGO, was moving higher off a higher low and met resistance. It is consolidating with the RSI rising into the bullish zone and the MACD level and positive. Look for a push over resistance to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, stalled in a move higher off the March low when it hit the 200 day SMA in June. It then reversed lower for the next 5 months before finding support at the March low. It re4versed to the upside again and has been stepping higher since. The RSI is rising in the bullish zone with the MACD flat and 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 which with just 18 trading days left in the year, sees equity markets seemingly starting to sprint to the finish.

Elsewhere look for Gold to continue its short term move higher in the pullback while Crude Oil slowly drifts higher. The US Dollar Index continues to make new lows while US Treasuries continue in their downtrend. The Shanghai Composite looks to be primed to push through resistance higher while Emerging Markets continue their uptrend.

The Volatility Index looks to continue to close the February gap lower 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 both taking smaller steps higher as the IWM is leading the charge. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Aflac, Alexion, Ford, Alphabet and Phillips 66

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

Aflac, Ticker: $AFL

Aflac, $AFL, fell hard to a March low and then bounced. It stalled quickly and eventually settled into a sideways channel. It moved to the top of that channel last week with the RSI rising in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, moved higher off a March low, stalling in June. It pulled back under the 200 day SMA and found support, then reversed higher. It is now consolidating under resistance with the RSI rising in the bullish zone and the MACD positive and moving higher. Look for a break of resistance to participate higher…..

Ford, Ticker: $F

Ford, $F, rose off the March low and continued until touching the 200 day SMA in June. It pulled back and then recovered to consolidate before the recent move higher. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a break over resistance to participate…..

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, ran from a March low to a top in early September. It pulled back from there to the 200 day SMA and then reversed. It gapped over the prior high 2 weeks ago and has been in consolidation. The RSI is strong in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, moved higher off the March low to reach the 200 day SMA in June. It reversed there and fell. thee drop continued to a low at the end of October before reversing. It gapped higher last week and has been consolidating there under resistance. The RSI is rising in the bullish zone with the MACD positive and moving higher. 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 which heading into November options expiration, saw equity markets showing some rotation in leadership from the Nasdaq to the small caps.

Elsewhere look for Gold to consolidate in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift at the low end of consolidation while US Treasuries trend lower. The Shanghai Composite looks to continue in consolidation while Emerging Markets consolidate are in an uptrend.

The Volatility Index looks to continue to drift lower making the path easier for equity markets to the upside. Their charts are holding firm, especially on the longer timeframe. On the shorter timeframe the IWM looks the strongest making a new all-time high with the SPY starting to move up as well. The QQQ seems stuck at the big round number in consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Amgen, Celgene, CME Group, Phillips 66 and Skyline Champion

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, bounced lower to a bottom in May. From there it started higher, stalling at another lower high. But it pulled back to a higher low and started up again. It ended last week at the prior bounce high. The RSI is in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Celgene, Ticker: $CELG

Celgene, $CELG, rose off of the bottom at the 200 day SMA in February. It continued to a top at the end of June before a gap down. That ran to a higher low 2 weeks ago and reversed. Now it is back at resistance. The RSI is rising into the bullish zone with the MACD about to cross zero as i moves higher. Look for a push over resistance to participate…..

CME Group, Ticker: $CME

CME Group, Ticker: $CME, bottomed in May and reversed. It paused as it hit the 200 day SMA in April. then it resumes the path higher to a top in June. A pullback quickly found support and reversed to a higher high in July. Another pullback stopped at a higher low and it is now moving higher toward that prior top. The RSI is rising toward the bullish zone with the MACD turning back up and positive. Look for continuation to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, moved off of a higher low to reach a higher high in July. But last week it turned over and started back lower. The RSI is also pulling back with the MACD crossed down and dropping. Look for continuation to participate…..

Skyline Champion, Ticker: $SKY

Skyline Champion, $SKY,started higher off of a bottom in December. It paused several times along the way, the latest at the end of June. That led to consolidation through July. Last week it pushed higher to resistance from September. The RSI is rising and bullish with the MACD moving higher and 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 dog days of August saw that equity markets had been dinged despite an accommodative FOMC.

Elsewhere look for Gold to move higher while Crude Oil continues to head lower. The US Dollar Index also looks to strengthen while US Treasuries are biased to continue higher. The Shanghai Composite looks to continue lower in the short term while Emerging Markets resume a downtrend.

Volatility looks to move higher putting a bias lower for the equity index ETF’s SPY, IWM and QQQ. Their charts also point to some short term weakness, especially in the SPY and QQQ. Long term the SPY and QQQ still remain strong with the IWM stuck in a range.  Use this information as you prepare for the coming week and trad’em well.