#$sre

[dragonflycap]

Dragonfly Capital - 5 Trade Ideas for Monday: AbbVie, Conagra, Cullen/Frost, Northwest Bancshares and Sempra

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

AbbVie, Ticker: $ABBV

AbbVie, $ABBV, comes into the week crossing resistance. It has a RSI rising into the bullish zone with the MACD crossing to positive. Look for continuation to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week reversing higher. It has a RSI moving back higher as well with the MACD falling and negative. Look for continuation to participate…..

Cullen/Frost Bankers, Ticker: $CFR

Cullen/Frost Bankers, $CFR, comes into the week clinging to support. It has a RSI falling in the bullish zone with the MACD curling to cross down. Look for a break of support to participate…..

Northwest Bancshares, Ticker: $NWBI

Northwest Bancshares, $NWBI, comes into the week at resistance. It has a RSI rising over the midline with the MACD curling to cross up. Look for a break of resistance to participate…..

Sempra, Ticker: $SRE

Sempra, $SRE, comes into the week pulling back from a higher high. The RSI is dropping in the bullish zone with the MACD crossing down. 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 week of the September FOMC meeting, saw equity markets had pulled the rug out from under traders, giving up the nascent reversal off the early September low and driving to new 2 month lows.

Elsewhere look for Gold to continue its pullback while Crude Oil continues to the downside as well. The US Dollar Index continues to trend to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets continue their downtrend.

The Volatility Index is slightly elevated and threatening to move higher, making the path easier for equity markets to the downside. Their charts look weak, especially on the longer timeframe following bearish engulfing weekly candles. On the shorter timeframe the IWM, the QQQ and the SPY all printed hammer candles for a possible reversal, but at a lower low and the lowest level in two months, negating the hope of a reversal.

Clearly Wednesday’s FOMC meeting will play a big role in whether markets continue towards a retest of the June lows or hang on and reverse higher. All 3 Index ETF charts are trading in lockstep. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Amgen, Cirrus Logic, Roblox, Sempra and UnitedHealth

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

Amgen, Ticker: $AMGN

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

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, comes into the week at resistance. It has a RSI rising toward the bullish zone with the MCD crossed up. Look for a push over resistance to participate…..

Roblox, Ticker: $RBLX

Roblox, $RBLX, 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….

Sempra, Ticker: $SRE

Sempra, $SRE, comes into the week approaching resistance. It has a RSI rising towards the bullish zone with the MACD positive and moving up. Look for a push over resistance to participate…..

UnitedHealth, Ticker: $UNH

UnitedHealth, $UNH, comes into the week approaching gap resistance. The RSI is rising in the bullish zone with the MACD 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 with the July Options Expiration in the books, saw equity markets showed some resilience with a rebound from an ugly start to finish only slightly lower as 2nd Quarter earnings season opens.

Elsewhere look for Gold to continue its short term downturn while Crude Oil consolidates in an uptrend. The US Dollar Index continues in an uptrend nearing 20 year highs while US Treasuries consolidate in their downtrend. The Shanghai Composite continues a short term downward move while Emerging Markets trend lower.

The Volatility Index looks to remain slightly elevated but moderating taking some of the pressure off equity markets. Their charts have moved to consolidation on both the shorter and longer timeframe, with the indexes exhibiting a very strong correlation. On the longer timeframe the SPY remains the strongest with the least retracement and smallest pullback from the highs with the QQQ next by virtue of its distance above the 200 week SMA and then the IWM. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Blackstone, Edwards Lifesciences, HollyFrontier, Schneider National and Sempra Energy

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

Blackstone, Ticker: $BX

Blackstone, $BX, comes into the week trying to lift out of a bull flag. It has the RSI in the bullish zone with the MACD falling but positive. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, ended the week reversing higher with the RSI also turning back higher and bullish while the MACD levels in positive territory. Look for continuation to participate…..

HollyFrontier, Ticker: $HFC

HollyFrontier, $HFC, pulled back under the 200 day SMA in July and then consolidated. It ended the week at resistance with the RSI rising toward the bullish zone and the MACD close to turning positive. Look for a push over resistance to participate…..

Schneider National, Ticker: $SNDR

Schneider National, $SNDR, comes into the week pushing back to resistance. It has a RSI rising into the bullish zone and a MACD turning positive. Look for a push over resistance to participate…..

Sempra Energy, Ticker: $SRE

Sempra Energy, $SRE, comes into the week approaching resistance with the RSI rising toward the bullish zone and the MACD about to go 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 noted equity markets were a mixed bag this week as the market moved into the low volume dog days of August.

Elsewhere look for Gold to continue its bounce in the pullback while Crude Oil consolidates in a tight range. The US Dollar Index continues to consolidate after the move to the upside while US Treasuries may be resuming their uptrend. The Shanghai Composite looks to consolidate while Emerging Markets continue to pullback toward long term support.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. The charts of the SPY and the QQQ both look great on the longer timeframe with the SPY also looking good for more highs in the short run. The QQQ looks to continue to pause and digest at its highs. The IWM continues to look like the party pooper, stuck in a long flat consolidation that is nearing 8 months long without any change in sight. Use this information as you prepare for the coming week and trad’em well.