#$alb

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5 Trade Ideas for Monday: Albemarle, Hut 8, Murphy Oil, Paramount Skydance and Rocket Lab

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

Albemarle, $ALB, comes into the week peeking over resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Hut 8, $HUT, comes into the week breaking over resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Murphy Oil, $MUR, 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…

Paramount Skydance, $PSKY, comes into the week consolidating under resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Rocket Lab, $RKLB, comes into the week breaking through resistance. It has a 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 saw the transition from the end of the 3rd Quarter to the 4th Quarter went swimmingly for equity markets as they continued to move higher, piling up new record highs.

Elsewhere, look for Gold to continue the uptrend to new highs while Crude Oil drifts lower in consolidation. The US Dollar Index continues to run sideways in consolidation, while US Treasuries hold higher in their consolidation, teasing of a reversal higher. The Shanghai Composite looks to continue the short term consolidation in the uptrend to new 10 year highs while Emerging Markets also continue their uptrend to new 4 year highs.

The Volatility Index looks to continue to hold at low levels, making life easier for equity markets to the upside. The charts of the SPY, the IWM and the QQQ are all strong on both timeframes, supporting more upside. The SPY and the QQQ added 3 more new all-time highs including Friday with the IWM with one to close the week. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Agilent, Abbott Labs, Albemarle, Alteryx and General Dynamics

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

Agilent, Ticker: $A

Agilent, $A, comes into the week at resistance after filling the gap from August. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation over resistance to participate…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is rising towards the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation to participate…..

Alteryx, Ticker: $AYX

Alteryx, $AYX, comes into the week approaching resistance. The RSI is rising in the bullish zone with the MACD turning up and positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week reversing higher off the 200 day SMA. The RSI is rising in the bullish zone with the MACD positive and turning higher. 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 September Quadruple Witching and Index Rebalancing week, saw equity markets showed strength with a rebound solid three day move higher to end the week.

Elsewhere look for Gold to pause in its pullback while Crude Oil tries to reverse higher. The US Dollar Index continues in the uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to consolidate while Emerging Markets move to new lows. The Volatility Index looks to pull back towards the normal zone making the path easier for equity markets to the upside.

Their charts showed some strength, especially on the longer timeframe with bullish engulfing candles. On the shorter timeframe the SPY, IWM and QQQ may have just confirmed higher lows after the higher highs in August. Continuation to the upside and through the August high would confirm an intermediate trend reversal higher. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Albemarle, Bank of NY, Gilead, Interactive Brokers and KBR

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 holding in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Bank of New York Mellon, Ticker: $BK

Bank of New York Mellon, $BK, comes into the week in consolidation. It has a RSI trending higher with a MACD also moving to the upside but negative. Look for a push over consolidation to participate…..

Gilead Sciences, Ticker: $GILD

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

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, comes into the week bouncing off a low at resistance. It has a RSI rising towards the midline with the MACD crossing up but negative. Look for a push over resistance to participate…..

KBR, Ticker: $KBR

KBR, $KBR, comes into the week in consolidation under resistance at the 200 day SMA. It has a RSI rising out of oversold territory with the MACD crossing up but negative. 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 May options expiration in the books, saw equity markets made new lows with the SPY reaching down into bear market territory, joining the IWM and QQQ, before rebounding at the close Friday.

Elsewhere look for Gold to possibly reverse higher while Crude Oil consolidates in an uptrend. The US Dollar Index is pulling back in its uptrend while US Treasuries bounce in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue the downtrend.

The Volatility Index remains elevated making the path easier for equity markets to the downside. Their charts look weak, especially on the longer timeframe as they dip into oversold territory. On the shorter timeframe both the QQQ and SPY sit at 52 week lows while the IWM is holding only slightly higher. 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.

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5 Trade Ideas for Tuesday: Albemarle, Allstate, NVIDIA, R1 RCM and Wells Fargo

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week falling to a 7 month low. The RSI is falling in the bearish zone with the MACD crossed down and negative. Look for continuation to participate…..

Allstate, Ticker: $ALL

Allstate, $ALL, comes into the week at the 200 day SMA. It has a RSI rising in the bullish zone with the MACD flat but positive. Look for a break higher to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week on support. It has a RSI dropping back below the midline with the MACD curling lower and negative. Look for a drop through support to participate…..

R1 RCM, Ticker: $RCM

R1 RCM, $RCM, comes into the week back at the November high. It has a RSI rising in the bullish zone and a MACD positive and moving higher. Look for a push over resistance to participate…..

Wells Fargo, Ticker: $WFC

Wells Fargo, $WFC, comes into the week pulling back from a higher high. It has a RSI dropping at the midline with the MACD crossed down 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 February options expiration in the books, saw equity markets showing further weakness.

Elsewhere look for Gold to continue its move higher while Crude Oil consolidates pauses in its uptrend. The US Dollar Index continues to consolidate in a narrow range while US Treasuries pullback. The Shanghai Composite looks to continue the broad consolidation while Emerging Markets consolidate to move lower.

The Volatility Index looks to remain elevated making the path easier for equity markets to the downside. Their charts look weak, especially on the shorter timeframe. On the longer timeframe the QQQ looks the worst with the IWM next and the SPY trying to hold onto consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Abbott Labs, Albemarle, Fiserv, Norfolk Southern and P&G

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week approaching the prior high. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over the prior high to participate….

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week pulling back from a recent top and at support. The RSI is falling through the midline with the MACD dropping but positive. Look for the reaction to touching support to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, comes into the week near resistance in a bounce. The RSI is rising at the midline with the MACD crossed up. Look for continuation to participate….

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week at a resistance channel. It has a RSI rising into the bullish zone with the MACD crossing up. Look for a push through the channel to participate…..

Procter & Gamble, Ticker: $PG

Procter & Gamble, $PG, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD about to cross up. 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 only 4 weeks of trading left in 2021, saw equity markets showing more weakness.

Elsewhere look for Gold to consolidate while Crude Oil pulls back. The US Dollar Index continues to trend to the upside while US Treasuries renew their uptrend. The Shanghai Composite looks to consolidate in a broad range while Emerging Markets continue to move lower. The Volatility Index looks to remain elevated making building strong headwinds for equity markets.

Their charts remain mixed with the SPY and QQQ strong on the longer timeframe but with building weakness in pullbacks on the shorter one. The IWM is weak on both timeframes and testing support after a failed break and reversal. It brings to mind the trader adage of “from failed moves come fast moves”. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Albemarle, Cadence Design, IQVIA, Nasdaq and Tractor Supply

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at both resistance and a record high close. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Cadence Design Systems, Ticker: $CDNS

Cadence Design Systems, $CDNS, comes into the week also at resistance and an all-time high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

IQVIA, Ticker: $IQV

IQVIA, $IQV, comes into the week testing the late September high. It has a RSI rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, comes into the week breaking resistance and at an all-time high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and climbing. 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 just two months left in the year, saw equity markets were showing renewed strength with a rebound from an ugly 3rd quarter reaching new all-time highs.

Elsewhere look for Gold to continue to consolidate while Crude Oil continues to the upside. The US Dollar Index continues to drift to the upside at the edge of confirming a reversal while US Treasuries rebound to a short term uptrend. The Shanghai Composite looks to continue to mark time while Emerging Markets try to hold at support in a downtrend.

The Volatility Index looks to remain very low 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 also very strong. The IWM just keeps refusing to play though, moving sideways in what is now a 9 month consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Arch Capital, Albemarle, Cincinnati Financial, NVIDIA and Atlassian

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

Arch Capital, Ticker: $ACGL

Arch Capital, $ACGL, moved into consolidation last week. It ended the week at the top of the zone with the RSI rising into overbought territory and the MACD flat and positive. Look for a push over resistance to participate…..

Albemarle, Ticker: $ALB

Albemarle, $ALB, ended last week bouncing higher after a pullback. It has a RSI reversing higher with the MACD pulling back but positive. Look for continuation to participate…..

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, ended last week breaking a short term consolidation to the upside. It has a RSI rising in the bullish zone and a MACD positive and climbing. Look for continuation to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, ended last week rising up to resistance. It has a RSI rising in the bullish zone and a MACD crossing up and positive. Look for a push over resistance to participate…..

Atlassian, Ticker: $TEAM

Atlassian, $TEAM, ended last week breaking through resistance. It has a RSI that has reset lower in overbought territory with the MACD level after a pullback. 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 August monthly options expiration in the books, saw equity markets tackling their 4th monthly expiration week dip and ending the week moving back up.

Elsewhere look for Gold to continue to consolidate while Crude Oil pulls back. The US Dollar Index continues to move to the upside while US Treasuries also work in an uptrend. The Shanghai Composite looks to pullback in consolidation while Emerging Markets trend lower.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look mixed on the shorter timeframe with the SPY and QQQ driving back towards their alltime highs while the IWM holds at the bottom of a long consolidation range. The longer timeframe shows the SPY strong and trending higher with the QQQ in a short consolidation at the top and the IWM stuck in that long consolidation. Use this information as you prepare for the coming week and trad’em well.