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5 Trade Ideas for Monday: Aflac, Five Below, Jazz Pharma, Murphy USA and Prudential

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

Aflac, $AFL, comes into the week over short term resistance. It has an RSI in the bullish zone and the MACD positive and rising. Look for continuation to participate…

Five Below, $FIVE, comes into the week approaching resistance. It has an RSI in the bullish zone and the MACD about to cross to positive. Look for a push over resistance to participate…

Jazz Pharmaceuticals, $JAZZ, comes into the week approaching resistance. It has an RSI in the bullish zone and the MACD positive. Look for a push over resistance to participate…

Murphy USA, $MUSA, comes into the week approaching resistance. It has an RSI and a bullish zone and a MACD positive. Look for a push over resistance to participate…

Prudential Financial, $PRU, comes into the week moving over resistance. It has an 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 July options expiry in the rearview mirror and heading deep into earnings season, saw equity markets seeming to be a bit unsettled as the high correlation between the indexes slightly unraveled.

Elsewhere, look for Gold to continue the downtrend but with Crude Oil reversing to the upside. The US Dollar Index looks to continue to hold at the top of the 15 month range while US Treasuries continue to threaten to break down through support in consolidation. The Shanghai Composite looks to continue the confirmation of a reversal to a downtrend while Emerging Markets hang on by a thread in their uptrend.

The Volatility Index looks to continue in the normal zone after a threat of a move higher keeping at least a slight tailwind behind equities. They could use that as the charts of the SPY, the QQQ and the IWM are showing cracks on the shorter timeframe. The QQQ is the worst followed by the IWM with the SPY holding the strongest. They all continue to look strong on the longer timeframe consolidating at the highs. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Tuesday: Crowdstrike, Murphy USA, Netscout, Regeneron and Scotts Miracle-Gro

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

Crowdstrike, $CRWD, comes into the week rising off a 50% retracement of the last leg higher. It has a RSI approaching the midline with the MACD crossed up. Look for continuation to participate…

Murphy USA, $MUSA, comes into the week reversing higher. It has a RSI at the midline with the MACD curling to cross up. Look for continuation to participate…

NetScout Systems, $NTCT, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break of resistance to participate…

Regeneron Pharmaceuticals, $REGN, 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…

Scotts Miracle-Gro, $SMG, 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…

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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 Washington’s Birthday Exchange Holiday and after absorbing both Non-Farm Payrolls and CPI data, saw equity markets show they could use a rest getting knocked back a bit on the week.

Elsewhere, look for Gold to drift between $5000 and $5100 continuing to digest the long move up while Crude Oil moves slightly higher in the consolidation range. The US Dollar Index is showing some weakness again heading toward a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone. The Shanghai Composite looks to be pausing in the uptrend while Emerging Markets reach for 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, but with a drift higher. The charts of the SPY and the IWM remain strong on the longer timeframe with the QQQ starting to roll a bit 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.

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5 Trade Ideas for Monday: eBay, Gilead, Murphy USA, Champion Homes and Snowflake

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

eBay, $EBAY, comes into the week rising toward resistance. It has a RSI in the bullish zone with the MACD 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 and rising. Look for a break over resistance to participate…

Murphy USA, $MUSA, comes into the week at short term resistance. It has a RSI rising through the midline with the MACD crossed up and negative. Look for a push through resistance to participate…

Champion Homes, $SKY, comes into the week at resistance. It has a RSI rising through the midline with the MACD rising and negative. Look for a push over resistance to participate…

Snowflake, $SNOW, 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 with January in the books, saw equity markets show resilience with a rebound from an ugly start Monday only to end the week on a sour note.

Elsewhere look for Gold to continue its move to new highs while Crude Oil drops in a broad consolidation range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to re-open and continue the sideways consolidation 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 on the longer timeframe. On the shorter timeframe the SPY, the QQQ and the IWM all look to be in a short term consolidation, disappointing after what looked at midweek like a renewed short term uptrend. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: APA, Asana, Dicks, Infosys and Murphy USA

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

APA, $APA, comes into the week at resistance. It has a RSI rising through the midline with the MACD rising but negative. Look for a push over resistance to participate…

Asana, $ASAN, comes into the week consolidating a move higher. It has a RSI in overbought territory with the MACD positive and rising. Look for a break higher out of consolidation to participate…

Dicks Sporting Goods, $DKS, 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…

Infosys, $INFY, 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…

Murphy USA, $MUSA, comes into the week at resistance. It has a RSI in the bullish zone with the MACD flat after a pullback and 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 with just 10 trading days left in the year, saw equity markets continue to show strength on the large cap and tech front, with some weakness appearing in small caps.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues the short term move to the upside while US Treasuries hold in consolidation. The Shanghai Composite looks to consolidate in the uptrend while Emerging Markets continue the 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 look strong, especially on the longer timeframe, with the small cap IWM showing some downside risk. On the shorter timeframe the QQQ has been the short term leader and looks to continue while the SPY consolidates at the high and the IWM pullback looks to deepen. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Coupa, Hormel, Horizon Therapeutics, Murphy USA and NetScout

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

Coupa Software, Ticker: $COUP

Coupa Software, $COUP, comes into the week bouncing higher with a bullish Marubozu candle. The RSI is also turning up and the MACD turning towards a cross up. Look for continuation to participate…..

Hormel Foods, Ticker: $HRL

Hormel Foods, $HRL, comes into the week rounding out of a pullback. It has a RSI moving up in the bullish zone with the MACD about to cross up and positive. Look for a push higher to participate…..

Horizon Therapeutics, Ticker: $HZNP

Horizon Therapeutics, $HZNP, comes into the week bouncing off of a new low. It has a RSI lifting out of oversold territory with the MACD turning toward a cross up. Look for a push over resistance to participate…..

Murphy USA, Ticker: $MUSA

Murphy USA, $MUSA, comes into the week at an all-time high. It has a RSI reset out of overbought with the MACD turning to cross up and positive. Look for a push over resistance to participate…..

NetScout Systems, Ticker: $NTCT

NetScout Systems, $NTCT, comes into the week printing a new high. It has a RSI rising in the bullish zone with the MACD positive and moving up. Look for a push higher 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 May options expiration week, saw equity markets showed a strong finish to a week that began really weak and fearful, giving hopes for the worst being over.

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates for a possible move higher. The US Dollar Index continues to the upside while US Treasuries may see a bounce in their downtrend. The Shanghai Composite looks to continue the bounce in its downtrend while Emerging Markets continue to trend lower.

The Volatility Index looks to remain elevated making the path easier for equity markets to the downside. Their charts are set up for potential reversals on the longer timeframe, with Hammer candles after drops of over 30% for the IWM and QQQ, and almost 20% for the SPY. The daily charts are not convincing of a turnaround yet though with prior resistance closing in overhead. Use this information as you prepare for the coming week and trad’em well.

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5 Trade ideas for Monday: CBOE, DineEquity, Murphy USA, Palo Alto Networks and PC Connection

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

CBOE, Ticker: $CBOE

CBOE, $CBOE, trended higher from May to the peak to start December at 72. Since then it fell hard, back to the resistance level preceding the August dip. The RSI hit the oversold level there and the price bounced Friday. The MACD continues lower though. Follow through Monday can be bought.

DineEquity, Ticker: $DIN

DineEquity, $DIN, started trending lower in early August and lost 25% before it bottomed in mid November. A bounce found resistance at the upper Bollinger Band® and it pulled back in a bull flag. The RSI is holding at the mid line while the MACD is flat but avoiding a cross. The movement Friday is pushing out of that flag and continuation can be bought.

Murphy USA, Ticker: $MUSA

Murphy USA, $MUSA, has been trending higher off of the bottom made with the market in August. The pullback in November reset the momentum indicators and it has risen again since. Last week it found resistance and consolidated. The small body candles with upper shadows suggest it may be topping. But the consolidation could break either way. Follow the break.

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, pulled back in August with the market then bounced to a lower high in September. From there another pullback made for a higher low. A possible tightening consolidation. But a move to a higher high added more confusion. Friday's move lower suggests another leg to the downside. The RSI is falling, but it remains bullish, while the MACD is about to cross down. Follow through Monday would confirm lower.

PC Connection, Ticker: $PCCC

PC Connection, $PCCC, made a double top at 27 in June before starting lower. After losing almost 30% of its value it found support in September and consolidated for 2 months. November saw a spike higher to the 200 day SMA and then consolidation between that and the 100 day SMA. You can participate on a move over resistance.

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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 Options Expiration Week, the last full week before Christmas and the FOMC meeting sees the equity markets looking weak in the short run and all but the QQQ tired or weak on the intermediate term.

Elsewhere look for Gold to consolidate in it downtrend while Crude Oil runs lower. The US Dollar Index is back into consolidation with a short term downward bias while US Treasuries are biased higher in consolidation. The Shanghai Composite looks better to the downside short term in its bounce and Emerging Markets flat out broken and falling, but oversold.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts look weak in the short term as well. In the intermediate term the IWM is nearing key support, and the SPY testing a shift to a downside bias while the QQQ is still the strongest. Use this information as you prepare for the coming week and trad'em well.

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5 Trade Ideas for Monday: Bank of New York, Bristol-Myers, GM, PNC & Murphy USA

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

Bank of New York Mellon, Ticker: $BK

Bank of New York Mellon, $BK, moved higher off of a pullback to a double bottom at 35.50. The price action left it in a consolidation last week after the leg higher, in a bull flag. The RSI is knocking on a move into the bullish zone while the MACD is rising, supporting more upside price action.

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, pulled back from a spike over 64 only to find support and consolidate in a tight range for the last 3 weeks. The action Friday peeked over the top of the consolidation, and it has support to break higher from a RSI rising back through the mid line, having never moved into the bearish zone, and a MACD about to cross up.

General Motors, Ticker: $GM

General Motors, $GM, has been rising in fits and starts, not on all cylinders, since mid October. The latest move up off of the 100 SMA to start February has settled into a bull flag, with Friday's price action looking to break it to the upside. The RSI is strong and bullish while the MACD is leveling after a move higher.

Murphy USA, Ticker: $MUSA

Murphy USA, $MUSA, has had several stair steps higher since May. The latest one has led to consolidation under resistance with a tightening support, being helped by a rising 50 day SMA. The RSI is bullish and the MACD is turning up to wards a cross after a pullback.

PNC Financial Services, Ticker: $PNC

PNC Financial Services, $PNC, moved to a double top near 93, before pulling back in a bull flag last week. Friday started the move higher out of the flag. Price has support from the rising RSI and MACD, both bullish, to continue higher.

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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 end of February sees the Equity markets as strong moving out of consolidation higher.

Elsewhere look for Gold to continue lower in the short term while Crude Oil continues to consolidate after its bounce. The US Dollar Index also looks to continue to consolidate sideways while US Treasuries are biased lower. The Shanghai Composite and Emerging Markets are both consolidating with a bias to break that to the upside.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ, despite the moves higher this week. Their charts also suggest more upward price action on both the daily and weekly view. This is the first week in a while that all 3 Index ETF's have looked strong. Use this information as you prepare for the coming week and trad'em well.

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