#$len

[dragonflycap]

5 Trade Ideas for Monday: Acadia Pharma, B of A, Lennar, Morgan Stanley and Snowflake

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

Acadia Pharmaceuticals, $ACAD, comes into the week peeking over resistance. It has a RSI rising at the midline with the MACD crossed up and negative. Look for continuation to participate…

Bank of America, $BAC, 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…

Lennar, $LEN, comes into the week at resistance. It has a RSI at the midline with the MACD negative and rising. Look for a break of resistance to participate…

Morgan Stanley, $MS, 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…

Snowflake, $SNOW, 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 following better than expected inflation data, a great start to earnings season and ahead of the FOMC meeting next week, saw equity markets flourishing at new all-time highs.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves higher off the bottom of consolidation. The US Dollar Index continues to drift in consolidation, while US Treasuries hold higher in their consolidation, continuing to tease of a reversal higher. The Shanghai Composite looks to continue the uptrend with new 10 year highs while Emerging Markets also continue their uptrend to new 4 year highs.

The Volatility Index looks to continue to drift lower in the normal zone freeing equity markets to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe. On the shorter timeframe they all weathered the short term move lower and momentum reset and also look strong with the SPY and QQQ closing at all-time highs. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Adobe, Graco, JB Hunt, Lennar and Target

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

Adobe, Ticker: $ADBE

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

Graco, Ticker: $GGG

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

JB Hunt Transport, Ticker: $JBHT

JB Hunt Transport, $JBHT, 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…..

Lennar, Ticker: $LEN

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

Target, Ticker: $TGT

Target, $TGT, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD 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 February, sees Punxsutawney Phil is calling for the weather to get warmer and equity markets are looking downright hot.

Elsewhere look for Gold to continue the short term consolidation while Crude Oil falls back into consolidation. The US Dollar Index continues to drift to the upside in consolidation while US Treasuries consolidate after a pullback. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support.

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 have reset on momentum measures are now also better to the upside. The IWM continues to blaze its own trail, remaining in the 22 month channel. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Abbott Labs, Colgate, FedEx, Home Bancshares and Lennar

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

Abbott Labs, Ticker: $ABT

Abbott Labs, $ABT, started higher off a tight base at the 50 day SMA at the start of the year. It accelerated to a top at the end of the month and then pulled back. Last week it reversed higher to resistance. It has a RSI rising in the bullish zone and a MACD positive and climbing. Look for a push over resistance to participate…..

Colgate-Palmolive, Ticker: $CL

Colgate-Palmolive, $CL, had a strong run to the upside that ended in November as it shifted to a consolidation channel. It broke that to the downside at the start of the year and continued to near the 200 day SMA. It ended last week moving back higher with the RSI driving higher and the MACD crossing up. Look for continuation to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, had a strong trend higher hit resistance in October. It pulled back and then made a higher high in December before dropping to a lower low. It is now near resistance with the RSI rising and the MACD moving higher. Look for a push over resistance to participate…..

Home Bancshares, Ticker: $HOMB

Home Bancshares, $HOMB, has had a choppy run higher from the March low. It is pressing against resistance with the RSI rising in the bullish zone and the MACD crossing up. Look for a push over resistance to participate…..

Lennar, Ticker: $LEN

Lennar, $LEN, saw a strong move higher lose energy and top in October. It pulled back and consolidated for several months before a push to a new high. The RSI is rising and bullish 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 second week of February, saw equity markets showed resilience as they rebounded from end of January sell off.

Elsewhere look for Gold to continue its pullback while Crude Oil resumes its uptrend. The US Dollar Index may be rounding out a bottom towards a reversal while US Treasuries continue in their downtrend. The Shanghai Composite looks to continue the pullback in the uptrend while Emerging Markets ready to attack new all-time highs.

The Volatility Index looks to have settled back to low levels 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 did print indecision candles which may influence the short term. The IWM looks ready to take the lead with a new leg higher. Use this information as you prepare for the coming week and trad’em well.

[alphst]

Lennar Corporation (LEN): Q4 2019 Earnings Snapshot

Lennar Corporation (LEN): Q4 2019 Earnings Snapshot

— Lennar Corporation (NYSE: LEN) reported Q4 2019 earnings of $2.13 per share, vs. $1.90 expected.

— Revenues grew 8% to $7 billion, vs. $6.5 billion expected.

— Deliveries rose 16% to 16,420 homes.

— New orders were up 23% to 13,089 homes.  

— New orders dollar value grew 23% to $5.2 billion.

— Backlog totaled 15,577 homes.

— Backlog dollar value fell 4% to $6.3 billion.

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[alphst]

Lennar (LEN) Q4 earnings preview: Home sales to drive top-line

Lennar (LEN) Q4 earnings preview: Home sales to drive top-line

Lennar Corporation (NYSE: LEN) is slated to report its fourth-quarter 2019 earnings results on Wednesday before the market opens. The homebuilder’s bottom line will be hurt by costs and expenses as the housing industry experienced overall uncertainty over the last few years. However, the top line could be benefited by higher home sales.

The home sales were a big driver of mortgage rates, which…

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[alphst]

Lennar reports 3% revenue growth for Q3

Lennar reports 3% revenue growth for Q3

Lennar Corporation (NYSE: LEN) reported total revenues of $5.9 billion for the third quarter of 2019, up 3% from the same period last year.

Net earnings were $513.4 million, or $1.59 per share, compared to $453.2 million, or $1.37 per share, in the prior-year period.

New orders rose 9% year-over-year to 13,369 homes.  

Backlog was 18,908 homes, down 2%.

(This story will be updated…

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[alphst]

Lennar reports higher revenue and earnings for Q2

Lennar reports higher revenue and earnings for Q2

Lennar Corporation (NYSE: LEN) reported revenues of $5.6 billion for the second quarter of 2019, up 2% from the same period last year.

Net earnings improved to $421.5 million, or $1.30 per share, from $310.3 million, or $0.94 per share, in the prior-year period.

Deliveries were up 5% to 12,729 homes. The backlog was down 3% to 19,061 homes while backlog dollar value was down 10% to $7.7…

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