#$cag

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4 Trade Ideas for Conagra: Bonus Idea

Conagra, $CAG, comes into the week confirming a reversal higher as it makes a higher high. The price is riding the open Bollinger Bands® higher. The RSI is rising in the bullish zone with the MACD rising and positive. There is resistance at 33.50 and 35 then 36.85 and 38.65 before 39.20 and 40 then 41. Support lower is at 31.60 and 31 then 30.50. Short interest is moderate at 3%. The stock pays a dividend with an annual yield of 4.28% and began trading ex-dividend on August 1st.

The company is expected to report earnings next on October 2nd. The September options chain shows open interest spread from 31 to 25 on the put side, biggest at 31. On the call side it is big from 30 to 35, largest at 31. The October chain has little open interest on the put side but big size at the 33 call strike. Finally, the December chain has big open interest at the 29 then 27 and 30 put strikes. On the call side it is big from 30 to 35, biggest at 35.

Conagra, Ticker: $CAG

Trade Idea 1: Buy the stock on a move over 33 with a stop at 31.50.

Trade Idea 2: Buy the stock on a move over 33 and add an October 32/30 Put Spread (50 cents) while selling the December 36 Call (35 cents).

Trade Idea 3: Buy the October/December 35 Call Calendar (50 cents) while selling the October 30 Put (20 cents).

Trade Idea 4: Buy the December 30/33/35 Call Spread Risk Reversal (45 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 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: Citigroup, Conagra, Cummins, General Dynamics and Microsoft

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

Citigroup, Ticker: $C

Citigroup, $C, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for as push over resistance to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, 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…..

Cummins, Ticker: $CMI

Cummins, $CMI, 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…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, 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…..

Microsoft, Ticker: $MSFT

Microsoft, $MSFT, comes into the week at resistance. It has a RSI moving up from the midline with the MACD about to turn 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 May options expiration, saw equity markets showed renewed strength with a rebound from pullback.

Elsewhere look for Gold to continue pause in its uptrend while Crude Oil consolidates in the pullback. The US Dollar Index continues to pullback in the 6 month uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets flirt with a break out of a long channel to the upside.

The Volatility Index looks to remain very low and stable 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 the QQQ and SPY continue to move higher toward new highs as well. The IWM looks good on the shorter timeframe but the longer timeframe continues to need more time. Use this information as you prepare for the coming week and trad’em well.

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Dragonfly Capital - 5 Trade Ideas for Monday: Conagra, CBOE, F5, JB Hunt and Nike

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

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week at resistance. It has a RSI rising through the midline with the MACD about to go positive. Look for a push over resistance to participate…..

CBOE, Ticker: $CBOE

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

F5, Ticker: $FFIV

F5, $FFIV, comes into the week at resistance. It has a RSI rising at the midline with the MACD crossed up. Look for a break of resistance to participate…..

JB Hunt, Ticker: $JBHT

JB Hunt, $JBHT, comes into the week rising to resistance. It has a RSI rising with the MACD crossing up. Look for a break of resistance to participate…..

Nike, Ticker: $NKE

Nike, $NKE, comes into the week breaking 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 with just 2 months left in the year, saw equity markets showing strength with a strong rebound after a weak October.

Elsewhere look for Gold to continue to consolidate at the highs while Crude Oil enters a short term downtrend. The US Dollar Index is in a possible reversal lower while US Treasuries bounce in their downtrend. The Shanghai Composite and Emerging Markets both look to continue their bounces in their downtrends.

The Volatility Index looks to remain low after a sharp reversal making the path easier for equity markets to the upside. Their charts also look strong, especially on the shorter timeframe with strong volume breakaway moves higher. On the longer timeframe both the QQQ and SPY are on the cusp of reversals while the IWM also looks strong. 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, Air Products, Conagra, Cleveland-Cliffs and Capital One

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is in the bullish zone with the MACD falling but bullish. Look for a push over resistance to participate…..

Air Products, Ticker: $APD

Air Products, $APD, comes into the week at resistance. The RSI is in the bullish zone with the MACD bullish. Look for a push over resistance to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week near resistance. The RSI is trending higher with the MACD rising but negative. Look for a push over resistance to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week at resistance. The RSI is in the bullish zone with the MACD flat and bullish. Look for a push over resistance to participate…..

Capital One, Ticker: $COF

Capital One, $COF, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD falling but bullish. 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 one trading day left in July saw that equity markets showed resilience, holding up and improving in a week with rate hikes from Fed and ECB and slight loosening of the band for rates in Japan.  

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the top of broad range. The US Dollar Index continues to bounce in the downtrend while US Treasuries continue their trend lower. The Shanghai Composite looks to continue the pullback in broad consolidation 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 continue to look strong on the longer timeframe. On the shorter timeframe both the QQQ and IWM look to continue in sideways channels while the SPY resumes the trend higher. Use this information as you prepare for the coming week and trad’em well.

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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.

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5 Trade Ideas for Monday: Conagra, Cigna, Cleveland-Cliffs, McKesson and Switch

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

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week reversing from a top. It has a RSI falling out of overbought with the MACD leveling. Look for continuation to participate…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week pulling back from a top. It has as RSI dropping in the bullish zone with the MACD about to cross down. Look for continuation to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week breaking a flag lower. The RSI is dropping through the midline with the MACD falling. Look for continuation to participate…..

McKesson, Ticker: $MCK

McKesson, $MCK, comes into the week pulling back from an all-time high. The RSI is also falling out of overbought territory with the MACD crossed down. Look for continuation to participate…..

Switch, Ticker: $SWCH

Switch, $SWCH, comes into the week dropping out of a channel. The RSI is falling at the midline with the MACD dropping. 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 1st Quarter earnings reports starting to pick up, saw equity markets starting to turn ugly.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil consolidates its move higher. The US Dollar Index continues to trend to the upside while US Treasuries trend lower. The Shanghai Composite looks to continue to move lower along with Emerging Markets. The Volatility Index looks to remain elevated and possibly moving higher still making the path harder for equity markets to the upside.

Their charts look weak, especially on the shorter timeframe with the SPY, IWM and QQQ all closing at 5 week lows after two consecutive days of large moves lower. On the longer timeframe both the QQQ and SPY are also starting to look like the path lower is the easier route, while the IWM remains in the lower range. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Conagra, CBOE, Costco, Eaton and Target

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

Conagra, Ticker: $CAG

Conagra, $CAG, settled into a tight consolidation as it moved into November. As it comes into the week it is at resistance with the RSI rising in the bullish zone and the MACD turning positive. Look for a push over resistance to participate…..

Cboe, Ticker: $CBOE

Cboe, $CBOE, fell from a bounce top in June, settling to a low at the end of October. It moved back up from there to the 200 day SMA and August high before dropping again. It comes into the week pressing through short term resistance with the RSI rising into the bullish zone and the MACD crossing up. Look for continuation to participate…..

Costco, Ticker: $COST

Costco, $COST, started higher out of consolidation in July and reached a top in November. It has pulled back over the past month and now appears to be reversing higher. The RSI is turning back up and he MACD leveling. Look for continuation to participate…..

Eaton, Ticker: $ETN

Eaton, $ETN, has moved steadily higher off the March low. It enters the week rounding up with a RSI rising in the bullish zone and the MACD looking to cross up. Look for continuation to participate…..

Target, Ticker: $TGT

Target, $TGT, has plodded higher since the March low. It is rounding out of a pullback with the RSI rising in the bullish zone and the MACD turning 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 just 4 trading days left in 2020, saw equity markets remaining strong.

Elsewhere look for Gold to continue its short term uptrend while Crude Oil works slowly higher. The US Dollar Index continues to look better to the downside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to consolidate in a broad range over long term support while Emerging Markets trend higher.

The Volatility Index looks to drop slowly making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe, with the IWM and QQQ marching higher and the SPY in consolidation. On the shorter timeframe both the QQQ and SPY are resetting momentum measures with the IWM driving higher. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Conagra, Southwest, Momo, Schwab and Stericycle

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

Conagra Brands, Ticker: $CAG

Conagra Brands, $CAG, rose from a March low and topped out in August. It pulled back to revisit the prior consolidation area and then rose again. It is now back the highs with the RSI rising and the MACD turning up to avoid a cross down. Look for a push over resistance to participate…..

Southwest Airlines, Ticker: $LUV

Southwest Airlines, $LUV, made a low in May and then quickly bounced up to a June high. It pulled back to the 50 day SMA and held there in consolidation before a second touch at that June high and another pullback. it is now at the June high again with the RSI rising and bullish and the MACD lifting from zero. Look for a push over resistance to participate…..

Momo, Ticker: $MOMO

Momo, $MOMO, fell from a plateau and found support in September. it has consolidated since under resistance. The RSI is diverging to the upside with the MACD doing the same. Look for a push over resistance to participate…..

Charles Schwab, Ticker: $SCHW

Charles Schwab, $SCHW, bottomed in March and then consolidated. It soared higher in June but stalled prior to retesting the top. Another pullback found support and consolidated until it started higher again into October. It is now moving higher with the RSI deep into the bullish zone and the MACD positive and rising. Look for continuation to participate…..

Stericycle, Ticker: $SRCL

Stericycle, $SRCL, rose from a March low and continued to a top in June. It fell back to the SMA’s and then bounced, returning to the prior high. It retraced modestly and then reversed to the current top where it is consolidating. The RSI is rising in the bullish zone with the MACD positive and starting to move higher. 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 one week left before the election, saw equity markets were consolidating with minor retrenching. They were not showing signs of nervousness around the outcome.

Elsewhere look for Gold to continue its pullback in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside while US Treasury prices are in a downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets remain in an uptrend.

The Volatility Index looks to remain in moderate territory, neither helping nor hurting equity markets. Their charts are in consolidation on the shorter timeframe and pausing in the uptrends on the longer frame. On the shorter timeframe the IWM is holding up best with both the QQQ and SPY pulling back in bull flags. Use this information as you prepare for the coming week and trad’em well.