#$mkc

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4 Trade Ideas for McCormick: Bonus Idea

McCormick, $MKC, comes into the week rising to resistance. It has Bollinger Bands® rising to allow a further move higher. The RSI is rising in the bullish zone with the MACD positive and rising. There is resistance above 78.25 at 79.50 and 80 then 82 and 83 before 84 and 85.50. Support lower is at 77 and 76. Short interest is low at 2.3%. The stock pays a dividend with an annual yield of 2.30% and has traded ex-dividend since December 30th.

The company is expected to report earnings net on March 24th. The February options chain has biggest open interest at the 75 then 70 put strikes, and even bigger at the 75 call strike. In the March chain it is spread from 80 to 70 on the put side and from 75 to 85 on the call side. Finally, the June chain is the first to cover the next earnings report, and is just starting to accumulate open interest. It has biggest open interest at the 75 then 60 strike on the put side. On the call side it is spread from 80 to 90, biggest at 80.

Trade Idea 1: Buy the stock on a move over 78.50 with a stop at 75.50.

Trade Idea 2: Buy the stock on a move over 78.50 and add a March 75/70 Put Spread (90 cents) while selling the June 90 Calls (50 cents).

Trade Idea 3: Buy the March/June 80 Call Calendar ($1.95) while selling the March 75 Put (95 cents).

Trade Idea 4: Buy the June 75/80/85 Call Spread Risk Reversal (5 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 February in the books, saw equity markets show resilience with a rebound from an ugly start anticipating tariffs.

Elsewhere look for Gold to continue its assault on $3000/oz while Crude Oil falls in consolidation in a broad range. The US Dollar Index looks to pause in the drift to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets continue a short term move lower.

The Volatility Index looks to remain 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 consolidation ranges continue to hold the QQQ and SPY just under all-time highs with the IWM consolidating at resistance. 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…..

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 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: Fidelity National, Marriott, McCormick, Oracle and Visa

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

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, comes into the week breaking resistance. It has a RSI rising over the midline with the MACD approaching zero. Look for continuation to participate…..

Marriott International, Ticker: $MAR

Marriott International, $MAR, comes into the week at resistance. It has a RSI rising off the midline with the MACD crossed up. Look for continuation over resistance to participate…..

McCormick & Company, Ticker: $MKC

McCormick & Company, $MKC, comes into the week testing support. It has a RSI dropping out of overbought with the MACD rolling but positive. Look for a break of support to participate…..

Oracle, Ticker: $ORCL

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

Visa, Ticker: $V

Visa, $V, 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 heading into April options expiration week, saw equity markets showed resilience holding up despite a building narrative of a possible recession.

Elsewhere look for Gold to continue its uptrend while Crude Oil has a short term move higher in consolidation. The US Dollar Index continues to drift to the downside while US Treasuries pullback in their consolidation. The Shanghai Composite and Emerging Markets look to continue in consolidation.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. The charts of the SPY and QQQ remain strong on the longer timeframe while on the shorter timeframe both the QQQ remains in short term consolidation while the SPY is breaking higher. The IWM remains weaker holding in consolidation after a failed short term move higher. Use this information as you prepare for the coming week and trad’em well.

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4 Trade Ideas for McCormick: Bonus Idea

McCormick, $MKC, comes into the week at resistance. The Bollinger Bands® are open higher to allow more upside. The RSI is rising in to the bullish zone with the MACD positive and climbing. There is resistance at 79.50 and 81 then 82.25 and 83.50 before 85.25 and 88 then 89 and 91. Support lower comes at 78 and 76.25 then 73.50 and 72 before 71. Short interest is low at 2.6%. The stock pays a dividend with an annual yield of 1.87% and has been trading ex-dividend since October 7th. The company is expected to report earnings next on January 25th. 

The November options chain shows largest open interest at the 70 strike on both the put side and the call side. In the December chain open interest is lighter and spread from 80 to 65 on the put side and from 80 to 110 on the call side. The March chain, covering the next earnings report, has light open interest and shows it at the 75 and 60 strikes on the put side while at the 85 and 90 strike on the call side.

McCormick, Ticker: $MKC

Trade Idea 1: Buy the stock on a move over 79.50 with a stop at 77.50.

Trade Idea 2: Buy the stock on a move over 79.50 and add a December 75/70 Put Spread ($1.00) while selling the March 95 Call (55 cents).

Trade Idea 3: Buy the December/March 85 Call Calendar ($2.55) while selling the December 75 Put ($1.10).

Trade Idea 4: Buy March 70/80/85 Call Spread Risk Reversal (90 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 week of November in the books, saw equity markets showed how quickly they can lose their luster.

Elsewhere look for Gold to pause its pullback while Crude Oil consolidates. The US Dollar Index looks to consolidate in the uptrend while US Treasuries resume their downtrend. The Shanghai Composite looks to possibly reverse the downtrend while Emerging Markets continue the move lower.

The Volatility Index looks to continue to drift lower from an elevated level making the path slightly easier for equity markets to the upside. Their charts look weak though on the shorter timeframe. On the longer timeframe both the IWM and SPY are holding up in the bounce. But the QQQ retesting the lows looks worse. Use this information as you prepare for the coming week and trad’em well.

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Analysts’ estimates for 5 stocks reporting on March 29

Get ready for earnings by checking out the analyst estimates, target prices and ratings for 5 stocks reporting on March 29 - CHWY, MKC, LULU, MU and RH.

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5 Trade Ideas for Monday: Deere, Fidelity National Information, Lockheed Martin, McCormick and Teck Resources

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

Deere, Ticker: $DE

Deere, $DE, pulled back to a higher low in August and reversed there for a run to a new all-time high in November. It pulled back then to the 200 day SMA and bounced. Coming into the week it is consolidating with the RSI rising in the bullish zone and the MACD positive and moving up. Look for a push over resistance to participate…..

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, ended an 8 month climb in early September and started to pullback. It found support in October and reversed and is now pushing back to that high. The RSI is holding in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, had a 9 month run higher end in September. The pullback from there was minor, and it rebounded back to the top in November. Another shallow drop and it is approaching resistance again. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

McCormick, Ticker: $MKC

McCormick, $MKC, made a higher high early in December and then pulled back. It quickly found support and reversed and is now back near that high. The RSI is rising and bullish with the MACD crossing up and positive. Look for a push over resistance to participate…..

Teck Resources, Ticker: $TECK

Teck Resources, $TECK, found support in a downtrend in October and began to consolidate. The stock ran sideways under resistance until breaking higher at the end of last week. The RSI has pushed into the bullish zone and the MACD is rising 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 just 2 trading days left in the decade saw equity markets showing signs of tiring after a long run higher.

Elsewhere look for Gold to continue its move higher while Crude Oil joins it on the path higher. The US Dollar Index looks to continue to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets move higher over long term resistance.

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, but are starting to look extended on the shorter timeframe. Both the QQQ and SPY could use a reset on momentum measures and the IWM is already digesting its move. 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, Edwards Lifesciences, Intercontinental Exchange, McCormick and Vulcan Materials

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

American Express, Ticker: $AXP

American Express, $AXP, started higher in December and has had a strong trend higher since. The reversal at the end of last week points to another leg higher with the RSI rising into the bullish zone and the MACD crossing up and positive. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, pulled back from a gap up in March, finding a bottom in May. It rose back to that top in June and held until a gap up in July. It has consolidated that gap up since. The RSI is in the bullish zone with the MACD avoiding a cross down. Look for a push over resistance to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, started higher out of consolidation in April. It continued to move higher, reaching a peak in the beginning of July. It pulled back from there to the 50 day SMA and reversed 2 weeks ago. It ended last week back at the prior top and pushing through. The RSI is rising and bullish with the MACD crossed up and positive. Look for continuation to participate….

McCormick, Ticker: $MKC

McCormick, $MKC, rose off of a bottom in January. It ran fast to an interim peak in April and then shifted to a slower climb. After a pullback at the end of June it made a higher high and has struggled since. Friday it made a new high as it pressed through resistance. The RSI is rising and bullish with the MACD crossed up and positive. Look for continuation to participate…..

Vulcan Materials, Ticker: $VMC

Vulcan Materials, $VMC, has trended higher since February. The move slowed as it hit resistance at the beginning of July. It has consolidated under resistance since. The RSI is rising and bullish with the MACD crossing up. 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 August options expiration saw the equity markets took a blow to the head but shook it off to recover by the end of the week.

Elsewhere look for Gold to continue in its uptrend while Crude Oil may be ready to pause in its pullback. The US Dollar Index continues the slow grind higher in a wide channel while US Treasuries may be ready to pause in their uptrend. The Shanghai Composite and Emerging Markets have resumed their path lower.

Volatility has picked up slightly making the path higher a bit tougher for the equity index ETF’s SPY, IWM and QQQ. Their charts show good recoveries from a shock in the short run, with continued strength in the SPY and QQQ in the long term chart, while the IWM consolidates in a range. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Air Products, Deere, JP Morgan, McCormick and Walmart

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

Air Products, Ticker: $APD

Air Products, $APD, has been trending higher since January. It paused to consolidate in May and then again at the start of July. Friday saw it move back to the top of the consolidation zone with the RSI rising in the bullish zone and the MACD turning to cross up. Look for a push over resistance to participate…..

Deere, Ticker: $DE

Deere, $DE, made a peak in April and then rapidly imploded, dropping to a low in May 20% lower. Since then it has moved back up to that prior high and consolidated. Friday it pushed over resistance with a RSI strong in the bullish zone and the MACD level but crossing up and positive. Look for continuation to participate…..

JP Morgan, Ticker: $JPM

JP Morgan, $JPM, started moving lower from a top at the beginning of May. It found support at a higher low at the end of the month and reversed. Last week it was back at that May high. The RSI is holding in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

McCormick, Ticker: $MKC

McCormick, $MKC, started higher off of a January low and met resistance in April. It has run mainly sideways since with a slight upward bias the past month. It has a RSI rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Walmart, Ticker: $WMT

Walmart, $WMT, started higher off of a December low and then quickly settled into a slower path higher. In June it accelerated again and continued to a peak 2 weeks ago. It pulled back last week and found support just under the 20 day SMA. Friday saw a push back to the upside with the RSI turning back up in the bullish zone and the MACD resetting lower. 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 FOMC meeting and on the edge of closing out July saw equity markets remain strong.

Elsewhere look for Gold to continue to mark time in its uptrend while Crude Oil pauses in the move lower. The US Dollar Index seems looks to move higher in consolidation while US Treasuries pause and consolidate their move up. The Shanghai Composite and Emerging Markets are both in consolidation mode with no indication that will change.

Volatility looks to remain very low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts all agree with this on the shorter timeframe and are moving higher. But with the SPY and QQQ making all-time highs and driving to the upside on the longer timeframe, the IWM continues to lag and remains in a range. Use this information as you prepare for the coming week and trad’em well.