#$amat

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5 Trade Ideas for Monday: Applied Materials, CBOE, Cigna, Deere and Vertex Pharma

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week piercing resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push higher to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Vertex Pharmaceuticals, Ticker: $VRTX

Vertex Pharmaceuticals, $VRTX, comes into the week at resistance. It has RSI in the bullish zone with the MACD crossing 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 heading into July options expiration, saw that equity markets showed strength moving higher all week until some profit taking Friday.

Elsewhere look for Gold to possibly reverse higher while Crude Oil rises in consolidation. The US Dollar Index broke through support and looks to continue lower while US Treasuries remain in consolidation. The Shanghai Composite looks to continue consolidation as well while Emerging Markets continue a short term move higher.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe the IWM, the QQQ and SPY all broke clear of short term consolidation and have upside room. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Applied Materials, Bank of America, Fastenal, Intuitive Surgical, Zions Bancorporation

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, comes into the week breaking short term resistance. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Bank of America, Ticker: $BAC

Bank of America, $BAC, comes into the week at resistance. The RSI is holding just below the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Fastenal, Ticker: $FAST

Fastenal, $FAST, comes into the week at resistance. The RSI is holding just below the bullish zone with the MACD positive and moving higher. Look for continuation to participate……

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, comes into the week at resistance. The RSI is holding in the bullish zone with the MACD positive and moving higher. Look for a break over to participate…..

Zions Bancorporation, Ticker: $ZION

Zions Bancorporation, $ZION, comes into the week at resistance. The RSI is holding just under the bullish zone with the MACD positive and moving higher. Look for a break 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 July in the books, saw equity markets were showing strength on the short term and on the cusp of a full blown reversal.

Elsewhere look for Gold to continue its short term move higher while Crude Oil consolidates. The US Dollar Index continues in a short term move lower while US Treasuries consolidate. The Shanghai Composite looks to continue in consolidation while Emerging Markets consolidate in the downtrend.

The Volatility Index looks to continue lower towards the normal range making the path easier for equity markets to the upside. Their charts look strong, especially on the shorter timeframe. On the longer timeframe both the IWM and SPY are approaching key levels to confirm an intermediate term reversal. The QQQ did confirm a reversal and now needs to show follow through. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Albemarle, Applied Materials, Activision Blizzard, Eaton and Illumina

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, topped in January and then started to pullback. Now it is rounding higher and through resistance. The RSI is in the bullish zone and the MACD climbing. Look for continuation to participate…..

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, started higher in November and ran to a top in April. After a pullback it is consolidating at resistance on a move higher. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Activision Blizzard, Ticker: $ATVI

Activision Blizzard, $ATVI, comes into the week with the stock price at resistance. The RSI is rising in the bullish zone and the MACD avoided a cross down and is moving higher. Look for a push over resistance to participate…..

Eaton, Ticker: $ETN

Eaton, $ETN, has just gone up since making a pandemic low. It comes into the week at a short term resistance with the RSI rising in the bullish zone and the MACD crossing up. look for a push over resistance to participate…..

Illumina, Ticker: $ILMN

Illumina, $ILMN, comes into the week pushing resistance with the RSI rising in the bullish zone and the MACD positive and moving higher. look for continuation above 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 since Summer has unofficially begun with the passing of Memorial Day, saw equity markets end the week stronger after large caps rebounded from a weak start.

Elsewhere look for Gold to continue its uptrend while Crude Oil moves to new multi-year highs. The US Dollar Index and US Treasuries continue to consolidate in their downtrends. The Shanghai Composite looks ready to continue higher while Emerging Markets resume their uptrend.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts show moves to the top of consolidation ranges on both timeframes. The QQQ looks the most promising on the shorter timeframe with the SPY next and the IWM building a tight pattern. On the longer timeframe all three are consolidating with strong momentum. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Agilent, Applied Materials, Edwards Lifesciences, FedEx and Scotts Miracle-Gro

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, made a top in February and then started to pullback. It found support and reversed in March. It met resistance and ended the week pressed against it. The RSI is rising towards the bullish zone with the MACD pushing into positive territory. Look for a push over resistance to participate…..

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, started higher off the 200 day SMA in October and continued to resistance in February. It ended last week pushing through resistance with the RSI moving higher and the MACD crossing up. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, topped in December and has been pulling back since. Last week it started to move higher with the RSI rising and the MACD crossing up. Look for continuation to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, ran to a top in December before pulling back. It found support and has been rolling up out of the pullback. It ended the week at resistance with the RSI holding in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Scotts Miracle-Gro, Ticker: $SMG

Scotts Miracle-Gro, $SMG, ran to a top in February and then started to correct lower. It found support in March and reversed back higher, stalling at a February gap down. It held there until breaking higher Friday. The RSI is rising into 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 heading into the shortened week and the end of the 1st Quarter, sees equity markets showed resilience with a rebound from a mid-week dive.

Elsewhere look for Gold to possibly reverse out of its pullback while Crude Oil consolidates in its digestive move. The US Dollar Index has turned to a short term trend to the upside while US Treasuries bounce in their downtrend. The Shanghai Composite continues to pullback in the uptrend while Emerging Markets look close to a long term breakout retest as they pullback.

The Volatility Index looks to remain low and close to filling the pandemic gap, making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe, but there is a clear ranking emerging with the SPY strongest and moving higher, the IWM with a possible broadening top and the QQQ holding support after a digestive pullback. On the shorter timeframe both the IWM and the QQQ also look weaker than the SPY as they show short term trends lower while the SPY attacks the all-time high. Use this information as you prepare for the coming week and trad’em well.

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Top Trade Ideas for the Week of October 14, 2019: Bonus Idea

Applied Materials, $AMAT, started moving higher off of a December low. After a couple of small pullbacks it made a top in July. It pulled back to a higher low in August and then reversed back to that prior high. Another small pullback has reversed back to resistance for the third time. The RSI is rising in the bullish zone with the MACD crossing up and positive. 

There is resistance at 52.60 and then 56.65 and 59 before 62, all from early 2018. Support lower comes at 51 and 49.25 then 48. Short interest is low at 1.7%. The stock pays a dividend with an annual yield of 1.62% and starts trading ex-dividend November 20th. The company is expected to report earnings next on November 13th. 

The October options chain builds open interest from 50 down to a peak at 47 on the put side. On the call side it is biggest at 55 and the 52.50. The November chain has biggest open interest at 50 on the put side and spread from 50 to 55 on the call side. January options have biggest open interest at 42 then 45 and 40. On the call side it is biggest at 45 and then 50.

Applied Materials, Ticker: $AMAT

Trade Idea 1: Buy the stock on a move over 52.60 with a stop at 50.60.

Trade Idea 2: Buy the stock on a move over 52.60 and add a November 50/48 Put Spread (63 cents) and sell the November 57.50 Calls (43 cents).

Trade Idea 3: Buy the November 52.50/October 53 Call Diagonal ($1.50).

Trade Idea 4: Buy the November 48/52.50 bull Risk Reversal ($1.05).

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 October Options Expiration and the first week of the new earnings season, sees equities have caught a bid and are looking stronger on the longer timeframe.

Elsewhere look for Gold to continue to consolidate around 1500 while Crude Oil bounces higher in consolidation. The US Dollar Index looks to pullback in the drift higher while US Treasuries move lower. The Shanghai Composite is reversing to the upside and Emerging Markets look to continue their short term move higher in consolidation.

Volatility has eased and looks to remain very low changing the bias to higher for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ both broke above key resistance and look to continue higher on the longer timeframe with a possible short term pause, while the IWM continues to churn in a wide consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Tuesday: Applied Materials, CME, General Dynamics, Kansas City Southern and PayPal

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, pulled back to the 200 day SMA in in May and consolidated. It rose from there to a top in July before pulling back again. It has consolidated since under resistance. Friday it was back a resistance with the RSI rising toward the bullish zone and the MACD crossing up and about to turn positive. Look for a push over resistance to participate…..

CME, Ticker: $CME

CME, $CME, started higher in March and continued until a pause in June. A second pause in July was followed by another pullback and then a move up to the current consolidation. The range is tightening as the RSI holds in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, made a bottom in December and then bounced with the market. It stalled into February and languished there 5 months, with 1 failed attempt to move higher. A move off of a May low found prior resistance and it is tightening the range against it. Friday it pushed over the top. The RSI is rising and bullish with the MACD moving higher and positive. Look for continuation to participate…..

Kansas City Southern, Ticker: $KSU

Kansas City Southern, $KSU, started higher from a bottom in December. It ran to a top in April and then paused. Since then it has pulled back to the 200 day SMA but mostly held in consolidation. Friday saw it rise to resistance. The RSI is rising at the edge of the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

PayPal, Ticker: $PYPL

PayPal, $PYPL, started higher out of consolidation in December. It continued to a top in July before pulling back. The pullback found support just above the 200 day SMA and 2 weeks ago tried to start higher. Friday saw it back at resistance. The RSI is rising through the mid line with the MACD crossed up but still negative. Look for a push over resistance to participate…..

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 as the books are closed on August sees Equity investors and traders are saying good riddance.

Elsewhere look for Gold to pause in its uptrend while Crude Oil works a short term bounce in its downtrend. The US Dollar Index continues to be strong while US Treasuries consolidate in their uptrend. The Shanghai Composite continues a short term move higher in the downtrend while Emerging Markets consolidate in the downtrend.

Volatility looks to remain slightly elevated keeping some pressure on the equity index ETF’s. The SPY and QQQ continue to look stronger than the IWM as they consolidate in a pullback while the IWM shows signs of leaking lower. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Applied Materials, Eaton Vance, General Dynamics, Mastercard and Royal Caribbean

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, started higher out of a bottom in December. It paused as it hit the 200 day SMA and then took another step higher as the 50 day SMA came up to meet price. Coming into the week it is consolidating under resistance with the RSI rising in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Eaton Vance, Ticker: $EV

Eaton Vance, $EV, moved from a drift lower to a steep decline in October. It bottomed at the end of December and started to move back up. It stalled in that move at the end of February and has been consolidating since. The RSI is rising with the MACD turning up and positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, fell from a high in April last year. It bounced to the 200 day SMA in in May but could not hold over it. It consolidated there for the 5 months before starting lower again. It found support at the end of December and reversed higher into January. That move stalled at the end of the month and it has held in consolidation since. Friday saw a move to resistance with the RSI rising in the bullish zone and the MACD lifting off of zero. Look for a move higher to participate…..

Mastercard, Ticker: $MA

Mastercard, $MA, started to move higher in December. It slightly overshot the October high in February and then had a minor pullback. It then continued to the current plateau. The RSI is holding strong in the bullish zone with the MACD positive and drifting lower slowly. Look for a push over resistance to participate…..

Royal Caribbean, Ticker: $RCL

Royal Caribbean, $RCL, dropped in two steps to a low in December. Since then it has bounced and began to consolidate after making a higher high. Friday saw the price pushing up against resistance with the RSI rising in the bullish zone and the MACD lifting off of zero. Look for a push over resistance to participate…..

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 shortened pre-Easter week sees the equity markets continuing to grind higher but remaining short of their all-time highs.

Elsewhere look for Gold to consolidate in a tightening triangle while Crude Oil advances higher. The US Dollar Index continues to consolidate sideways while US Treasuries pull back retesting their break out. The Shanghai Composite looks to pause in its uptrend while Emerging Markets are biased to head higher.

Volatility looks to remain at very low levels keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ seem ready to retest their all-time highs while the IWM has gotten caught up at resistance and  continues to churn sideways. Use this information as you prepare for the coming week and trad’em well.