Jun 4, 2018
Today my forest is dark.The trees are sad and all the butterflies have broken wings
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Today my forest is dark.The trees are sad and all the butterflies have broken wings
5 Trade Ideas for Monday: Amazon, ASML, CME, Alphabet and Honeywell
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Amazon, $AMZN, comes into the week rounding up out of a pullback. It has a RSI rising in the bearish zone with the MACD curling to cross up. Look for continuation to participate…
ASML, $ASML, 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…
CME Group, $CME, comes into the week pressing through resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…
Alphabet, $GOOGL, comes into the week rounding up out of a pullback. It has a RSI rising near the midline with the MACD curling up. Look for continuation to participate…
Honeywell, $HON, 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…
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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 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.
4 Trade Ideas for Amazon: Bonus Idea
Here is your Bonus Idea with links to the full Top Ten:
Amazon, $AMZN, comes into the week approaching resistance and the all-time high. It has a RSI rising in the bullish zone with the MACD positive and climbing as the Bollinger Bands® open higher. There is resistance at 251 and 255.75. Support lower is at 242.50 and 238. Short interest is low under 1%. The stock does not pay a dividend.
The company is expected to report earnings next on February 4th. The January options chain has biggest open interest at 230 and 225 on the put side. On the call side it is biggest at 240 then 250. In the February chain it is builds from 245 to 200 on the put side and biggest at 250 on the call side. Finally, in the March chain, open interest is biggest at the 200 put and the 230 and 250 all strikes.
Trade Idea 1: Buy the stock on move over 251 with a stop at 242.
Trade Idea 2: Buy the stock on move over 251 and add a February 245/230 Put Spread ($5.50) and sell the February 270 Call ($4.05).
Trade Idea 3: Buy the January/February 255 Call Calendar ($7.95) while selling the February 230 Put ($4.60).
Trade Idea 4: Buy the March 225/255/270 Call Spread Risk Reversal (10 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 first full week of 2026 in the book, saw equity markets show renewed strength with several sectors and indexes at all-time highs.
Elsewhere, look for Gold to continue the uptrend and more all-time highs while Crude Oil drifts higher at the bottom of consolidation. The US Dollar Index continues the short term move to the upside in consolidation while US Treasuries continue to hold at 4 month lows in consolidation and looking better lower. The Shanghai Composite looks to continue the in the uptrend at 10 year highs after breaking consolidation while Emerging Markets test the 2021 all-time high in their uptrend.
The Volatility Index looks to continue to hold low in the normal range making it easier for equities to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe with the IWM leading. On the shorter timeframe the SPY, and the IWM are also strong, forging new all-time highs. The QQQ is bearing the brunt of rotation as it struggles to break higher. Use this information as you prepare for the coming week and trad’em well.
5 Trade Ideas for Monday: Abbvie, Amazon, Fastenal, Gilead and IBM
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Abbvie, $ABBV, comes into the week at resistance. It has a RSI rising off the midline with the MACD positive. Look for a push over resistance to participate…
Amazon, $AMZN, comes into the week breaking resistance. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participate…
Fastenal, $FAST, comes into the week at resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…
Gilead Sciences, $GILD, 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…
IBM, $IBM, 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…
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 June non-farm payroll report in the rearview mirror, saw equity markets show continued progress moving back towards their all-time highs.
Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets break to the upside.
The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. Their charts show short term strength on the longer timeframe with strength also returning into the shorter timeframes. The IWM continues to lag the SPY and QQQ in recovery in price and the shift to bullish momentum on the longer timeframe. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY and QQQ close in on their all-time highs. Use this information as you prepare for the coming week and trad’em well.
4 Trade Ideas for Amazon: Bonus Idea
Amazon, $AMZN, comes into the week approaching the all-time high at 189.50. This is in the midst of a Positive RSI Reversal (higher low in price with lower low in RSI) that has a target to 199. It is also at the 6th touch point in an Ascending Triangle (connecting the last 3 lows) with a target to 213.50 on a push over resistance. The RSI is rising in the bullish zone with the MACD positive and moving up. The Bollinger Bands® also appear to be opening higher. There is no resistance above 190. Support lower is at 182.50 then 176 and 174.50. Short interest is low under 1%. The stock does not pay a dividend.
The company is expected to report earnings next on August 1st after the close. The July options chain shows biggest open interest at the 170 put strike and big size at the 200 then 185 and 190 call strikes. In the August chain open interest builds from 200 to a peak at 170 then tails on the put side. The call side builds from 160 to a plateau from 180 to 210. The September chain has open interest spread from 180 to below 140 on the put side, biggest at 180. On the call side it is largest by far at 175.
Amazon, Ticker: $AMZN
Trade Idea 1: Buy the stock on a move over 190 with a stop at 182.50.
Trade Idea 2: Buy the stock on a move over 190 and add an August 180/170 Put Spread ($2.90) while selling the August 215 Calls ($2.25).
Trade Idea 3: Buy the July/August 200 Call Calendar ($4.30) and sell the August 170 Puts ($2.40).
Trade Idea 4: Buy the September 175/195/210 Call Spread Risk Reversal (40 cents).
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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 June quadruple witching in the books in the books, saw equity markets a bit gassed after a good start.
Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil moves higher in consolidation. The US Dollar Index continues the short term move to the upside while US Treasuries continue their short term move higher in the secular downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets look to be on the verge of breaking consolidation to the upside.
The Volatility Index looks to remain very low making the path easier for equity markets to the upside. The charts of the SPY and QQQ look strong, especially on the longer timeframe, but with possible reversal or digestion candles this week. On the shorter timeframe both the QQQ and SPY could us a reset on momentum measures as both are extended and pullbacks are helping there. The IWM continued to go nowhere moving mainly sideways in the upper part of the 2½ year consolidation. Use this information as you prepare for the coming week and trad’em well.
4 Trade Ideas for Amazon: Bonus Idea
Amazon, $AMZN, comes into the week moving back towards the all-time high. This follows a shallow pullback in April. The RSI reset lower and held in the bullish zone. It is rising again now. The MACD has crossed up and turned positive after a reset lower. There is no resistance above 189.77. Support lower comes at 182.75 and 174.50. Short interest is low under 1%. The stock does not pay a dividend. The company is expected to report earnings next on August 1st after the close.
The May options chain show big open interest at every $5 strike from 185 to 165, biggest at 175 and 170, on the put side. The call side builds form 165 to a peak at 190 then tails lower to 210. The June chain has biggest open interest at the 185 then 170 put strikes and the 200 then 185 call strikes. The July chain has huge slugs of open interest at the 145 then 150 put and spread from 180 to 215 on the call side. Finally in the August chain open interest builds from 200 to a peak at 175 then slowly tails to 140 on the put side. There is a build form 165 to a peak at 210 on the call side.
Amazon, Ticker: $AMZN
Trade Idea 1: Buy the stock on a move over 188 with a stop at 181.50.
Trade Idea 2: Buy the stock on a move over 188 and add a June 182.50/172.50 Put Spread ($2.75) while selling the June 200 Calls ($2.10).
Trade Idea 3: Buy the June/August 200 Call Calendar ($5.35) while selling the July 175 Put ($3.40).
Trade Idea 4: Buy the August 170/195/210 Call Spread Risk Reversal (25 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 April and the May FOMC meeting in the books, saw equity markets show some strength moving higher in a busy week for news.
Elsewhere look for Gold to pullback in its uptrend while Crude Oil pulls back in the long uptrend as well. The US Dollar Index is on the edge of a break out to the upside while US Treasuries pause in their downtrend. The Shanghai Composite looks to continue the short term move higher as it returns from a Labor Day holiday while Emerging Markets with further upside will confirm a new uptrend.
The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe. On the shorter timeframe the IWM is leading the way to a reversal higher while both the QQQ and SPY still have some work to do before they are in the clear. Use this information as you prepare for the coming week and trad’em well.
4 Trade Ideas for Amazon: Bonus Idea
Amazon, $AMZN, comes into the week pressing up to 33 month highs. The Bollinger Bands® are open higher to allow a move. There is resistance from 2021 at 177 and 180 then 185.50 and 187. There is a target to 200 from a trigger of a Cup and Handle at the beginning of November above. Support lower comes at 172 and 168.50 then 167. Short interest is low under 1%. The stock does not pay a dividend. The company is expected to report earnings next on April 25th.
The March options chain shows the highest open interest at the 160 put strike with big size at the 195 call followed by the 200, 190 and 185 strikes. In the April chain open interest is spread from 160 to below 140, biggest at 155. On the call side it is biggest from 175 to 185. The May chain has biggest open interest at the 150 put strike and shows deep open interest from 165 to 200 on the call side.
Amazon, Ticker: $AMZN
Trade Idea 1: Buy the stock on a move over 175.50 with a stop at 168.50.
Trade Idea 2: Buy the stock on a move over 175.50 and add an April 165/155 Put Spread ($1.70) while selling an April 195 Call ($1.53).
Trade Idea 3: Buy the April/May 185 Call Calendar ($3.50) while selling the May 150 Puts ($1.91).
Trade Idea 4: Buy the May 155/180/190 Call Spread Risk Reversal ($1.05).
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 1 week left in February, saw that large cap and tech focused equity markets showed resilience with a rebound to new highs after a weak start.
Elsewhere look for Gold to continue in consolidation near the highs while Crude Oil consolidates in a broad range. The US Dollar Index now looks to reverse to drift to the downside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the reversal higher while Emerging Markets consolidate.
The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong, especially the SPY and QQQ on the longer timeframe. On the shorter timeframe both the QQQ and SPY may be setting up for a reset as both have momentum divergences. The IWM continues to flirt with a break out. Use this information as you prepare for the coming week and trad’em well.
5 Trade Ideas for Monday: Aflac, Amazon, Antero, Prudential and Tesla
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Aflac, Ticker: $AFL
Aflac, $AFL, comes into the week pulling back to the 50 day SMA. It has a RSI falling and a MACD dropping but positive. Look for a reversal to participate…..
Amazon, Ticker: $AMZN
Amazon, $AMZN, 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…..
Antero Resources, Ticker: $AR
Antero Resources, $AR, comes into the week rising off a low. It has a RSI moving higher with the MACD about to cross up. Look for continuation to participate…..
Prudential Financial, Ticker: $PRU
Prudential Financial, $PRU, comes into the week pulling back from a top. it has a RSI that is overbought with the MACD positive. look for continuation to participate…..
Tesla, Ticker: $TSLA
Tesla, $TSLA, comes into the week pressing at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a move higher 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 December FOMC meeting and Quadruple Witching in the books, saw equity markets post another stellar week as they head into the last full week of the year.
Elsewhere look for Gold to continue higher while Crude Oil continues to trend lower. The US Dollar Index continues to drift to the downside while US Treasuries continue in their short term uptrend. The Shanghai Composite looks to continue the trend lower while Emerging Markets possibly break resistance to the upside.
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 the SPY and QQQ on the longer timeframe. On the shorter timeframe the IWM, QQQ and SPY could use a reset on momentum measures as all are extended. Use this information as you prepare for the coming week and trad’em well.