#$cmi

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5 Trade Ideas for Tuesday: BoNY, BP, Cummins, Costco and Lowe’s

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

Bank of New York Mellon, $BK, comes into the week at a new all-time high after breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

BP, $BP, 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…

Cummins, $CMI, comes into the week rounding out of a pullback. It has a RSI rising into the bullish zone with the MACD positive. Look for continuation to participate…

Costco, $COST, comes into the week at resistance. It has a RSI rising through the midline with the MACD crossing up. Look for a push over resistance to participate…

Lowe’s, $LOW, comes into the week rising out of a pullback. The RSI is in the bullish zone with the MACD rising. 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 the January options expiry in the books, saw equity markets show strength after a precarious start Monday morning.

Elsewhere look for Gold to continue its assault on the all-time high while Crude Oil rises in consolidation. The US Dollar Index continues to drift higher while US Treasuries remain in a short term downtrend. The Shanghai Composite looks to continue to chop the entirety of a broad range while Emerging Markets remain in a short term downtrend.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. The charts of the SPY and QQQ look strong on the longer timeframe. On the shorter timeframe both the QQQ and SPY are inching towards recovering the 6 week pullbacks. The IWM looks better than both on the shorter timeframe but has work to do on the longer chart. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: American Express, Cummins, GE Aero, 3M and Microsoft

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

American Express, Ticker: $AXP

American Express, $AXP, comes into the week testing resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Cummins, Ticker: $CMI

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

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week breaking resistance. The RSI is bullish with the MACD positive. Look for continuation to participate…..

3M, Ticker: $MMM

3M, $MMM, 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…..

Microsoft, Ticker: $MSFT

Microsoft, $MSFT, comes into the week approaching resistance. It has a bullish RSI and a positive MACD. 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 September FOMC meeting and Options Expiration, saw equity markets showing strength with a rebound from the week prior.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a short term downtrend. The US Dollar Index continues to drift lower in consolidation while US Treasuries are on the edge of a reversal to an uptrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate.

The Volatility Index looks to remain low and stabilizing making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe with the SPY on the edge of break to new highs while the IWM and QQQ hold near recent highs. On the shorter timeframe the SPY is also strong with the IWM and QQQ possibly building tightening consolidation zones. 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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5 Trade Ideas for Monday: Amgen, Cummins, Illinois Tool Works, LPL and RTX

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week in a pullback. It has a RSI in the bearish zone with the MACD negative. Look for continuation to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance after printing an all-time high. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Illinois Tool Works, Ticker: $ITW

Illinois Tool Works, $ITW, at resistance after printing an all-time high. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, 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…..

RTX, Ticker: $RTX

RTX, $RTX, comes into the week pushing over resistance. It has a RSI in the bullish zone with the MACD crossed up and 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 the March Quadruple Witching in the books and heading into the March FOMC meeting, saw equity markets showing some weakness after the long run higher.

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

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. The SPY and QQQ charts look strong on the longer timeframe, perhaps building bull flags. On the shorter timeframe though both are showing some weakness as they reset momentum measures lower in the bullish range. The short term weakness in the IWM is threatening to turn into a failed break out. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Alcoa, Cummins, McCormick, Wells Fargo and Walmart

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

Alcoa, Ticker: $AA

Alcoa, $AA, comes into the week breaking resistance. It has a RSI at the midline with the MACD crossing up. Look for continuation to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week pressing on resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

McCormick, Ticker: $MKC

McCormick, $MKC, 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…..

Wells Fargo, Ticker: $WFC

Wells Fargo, $WFC, 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…..

Walmart, Ticker: $WMT

Walmart, $WMT, 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 3 trading days left in January, equity markets look ready to finish the month higher.

Elsewhere look for Gold to continue its pullback while Crude Oil reverses higher. The US Dollar Index looks to drift sideways in consolidation while US Treasuries continue their downtrend. The Shanghai Composite looks to extend the bounce to the upside while Emerging Markets continue in consolidation.

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 could end up rolling over to reset momentum measures as both are extended. If that happens it might be time for the IWM to finally take the lead and test the 20 month channel consolidation. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: BJ’s, Cullen/Frost, Cummins, Coterra Energy and MongoDB

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

BJ’s Wholesale Club, Ticker: $BJ

BJ’s Wholesale Club, $BJ, comes into the week at support. The RSI is falling in the bullish zone with the MACD positive but dropping. Look for a drop through support to participate…..

Cullen/Frost Bankers, Ticker: $CFR

Cullen/Frost Bankers, $CFR, comes into the week sitting on support. It has a RSI dropping in the bullish zone with the MACD shifting to negative. Look for a break of support to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week on support. The RSI is falling in the bearish zone with the MACD negative. Look for a break of support to participate…..

Coterra Energy, Ticker: $CTRA

Coterra Energy, $CTRA, comes into the week at support. It has a RSI in the bearish zone and the MACD negative. Look for a break of support to participate…..

MongoDB, Ticker: $MDB

MongoDB, $MDB, comes into the week in consolidation. It has a RSI coming out of oversold and a MACD crossing up but negative. Look for a move out of consolidation 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 3rd Quarter wrapped up, equity markets showed further weakness ending at or below the prior lows of the year.

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

The Volatility Index looks to remain elevated and heading higher making the path easier for equity markets to the downside. Their charts look weak, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY have now set new lows and still look weak. The IWM exhibited relative strength on the week, holding in consolidation. This was the first week since April that all 3 did not move in tandem. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Tuesday: BlackRock, CF, Cummins, Costco and Honeywell

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

BlackRock, Ticker: $BLK

BlackRock, $BLK, comes into the week holding onto support. The RSI is dropping into the bearish zone with the MACD crossing to negative. Look for a push through support to participate…..

CF Industries, Ticker: $CF

CF Industries, $CF, comes into the week moving higher. It has a RSI rising in the bullish zone with the MACD leveling and positive. Look for continuation to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week testing support. It has a RSI falling toward the bearish zone with the MACD dropping toward zero. Look for a break of support to participate…..

Costco, Ticker: $COST

Costco, $COST, comes into the week pulling back from a lower high. The RSI is falling towards the bearish zone with the MACD crossing to negative. Look for continuation to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, comes into the week at support. It has a RSI on the edge of the bearish zone with the MACD about to turn negative. Look for a break of support 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 in the books, and the unofficial end of summer upon us, saw equity markets resumed their losing ways.

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

The Volatility Index continues to creep higher making the path easier for equity markets to the downside. Their charts look weak on both timeframes as price approaches the June lows. On the shorter timeframe both the QQQ and SPY have now given up about 61.8% of the bounce from the June low, while the IWM is holding a little stronger at only about a 50% retracement. Use this information as you prepare for the coming week and trad’em well.