#$ntr

[dragonflycap]

5 Trade Ideas for Tuesday: GE Aerospace Howmet, Monster, Nasdaq and Nutrien

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

GE Aerospace, $GE, comes into the week with a bullish engulfing candle under resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Howmet Aerospace, $HWM, 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…

Monster Beverage, $MNST, 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…

Nasdaq, $NDAQ, 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…

Nutrien, $NTR, 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 heading into the unofficial start of summer, saw equity markets showing they could use a long weekend to recover.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets remain on the cusp of breaking consolidation to the upside.

The Volatility Index looks to continue in the normal range, but with an upside bias, removing the stimulus for equity markets to the upside. Their charts show short term strength on the longer timeframe with digestion in the shorter timeframes. The IWM continues to lag the SPY and QQQ in recovery in price and the shift to bullish momentum on the longer timeframe. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY and QQQ close in on their all-time highs. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Graco, Lazard, Norfolk Southern, Nutrien and Snap

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

Graco, Ticker: $GGG

Graco, $GGG, started higher in March and made a series of higher highs and higher lows. Since moving up off of the 200 day SMA in July it has had a steady trend higher. It paused when it reached the February high and then has continued higher. It comes into the week at resistance with a RSI rising in the bullish zone and then MACD crossing up. Look for a push over resistance to participate…..

Lazard, Ticker: $LAZ

Lazard, $LAZ, met resistance in June just under the 200 day SMA. It pulled back and then made another move higher that stalled under the 200 day SMA. It has held there since. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, started higher in March and met resistance in June. It pulled back to the 50 day SMA and then reversed higher. It is now at all-time highs again. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Nutrien, Ticker: $NTR

Nutrien, $NTR, started higher off of a March low and met resistance in April. It has moved sideways in a range since, tightening against the top the last month. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Snap, Ticker: $SNAP

Snap, $SNAP, ran from a March low to a top in July. It pulled back from there and has been rounding out a bottom recently. The RSI is rising in the bullish zone with the MACD lifting 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 a second week lower and heading into the September options expiration, saw equities trying to catch their breath but looking weak.

Elsewhere the word is consolidation. Look for Gold to continue its consolidation while Crude Oil breaks consolidation lower. The US Dollar Index continues to consolidate after the drop while US Treasuries move sideways. The Shanghai Composite looks to continue an intermediate consolidation while Emerging Markets consolidate under long term resistance.

The Volatility Index looks to resume a drift lower making the path easier for equity markets to the upside. Their charts still look at risk though, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY are in consolidation after a drop while the IWM is looking the weakest in a pullback. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday:  Alexion Pharma, Green Dot, Generac, Meet Group & Nutrien

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

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, pulled back from a top in October finding support in November. It bounced from there to just over the 200 day SMA and then retreated again. The range then held with a brief trip over the 200 day SMA in March. In May the consolidation tightened to a symmetrical triangle and it broke that to the upside in June. A retest last week and Friday's reversal make it interesting. The RSI is moving up in the bullish zone with the MACD avoiding a cross down. Look for continuation to participate higher.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped higher in May and then consolidated the move. It then pushed higher again into June but fell back at the end of the month. The drop brought it back to the 50 day SMA and it prior support. Friday it confirmed a reversal off of support. It has a RSI that is also turning back higher after holding in the bullish zone during the pullback but the MACD is still falling. Look for continuation to participate.....

Generac Holdings, Ticker: $GNRC

Generac Holdings, $GNRC, ran higher fast to a top at the beginning of November. It pulled back in a shallow arc at first and then to the 200 day SMA in March. It consolidated in a range then for 2 months before moving higher. Three weeks ago it retested the January high and pulled back to a higher low. Last week it started higher again. The RSI is rising in the bullish zone and the MACD is turning to cross up and positive. Look for continuation to participate higher.....

Meet Group, Ticker: $MEET

Meet Group, $MEET, started moving higher in April. It crossed the 200 day SMA in May and continued to a top in June. This is at the gap down level from August last year. The RSI is holding after pulling back from an overbought condition and the MACD is leveling. Look for a push over resistance to participate.....

Nutrien, Ticker: $NTR

Nutrien, $NTR, started to pullback from a top in January, finding a bottom in February. It bounced to a lower high and then fell back. It consolidated and confirmed a double bottom on a move over the April high with a gap up in May. It stalled at the March bounce high and retreated to a higher low. Since then it has pushed through resistance and is approaching the January high. The RSI is bullish and rising with the MACD flat and positive. Look for continuation to participate higher.....

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 as we close the books on the 2nd Quarter and prepare for a holiday shortened 4th of July week, sees that the equity markets look to have run out of gas. Maybe the short week will re-energize them. All there indexes had a positive quarter with the IWM just out pacing the QQQ, 7.9% to 6.5% and the SPY gaining 3.1%. The QQQ won the month up 0.9% to the 0.6% for the IWM and the SPY eked out a 0.1% gain. The monthly candles all look toppy with long upper shadows, while the quarterly candles are all looking strong.

Elsewhere Gold looks as it may pause in its downtrend while Crude Oil continues to race higher. The US Dollar Index is pausing in its uptrend while US Treasuries are on the edge of a break out to the upside. The Shanghai Composite may be ready to pause in its downtrend while Emerging Markets are setting up for a possible reversal higher. Volatility looks to remain low but above recent levels keeping the wind at the backs of the equity markets but the breeze blowing softer.

The equity index ETF's SPY, IWM and QQQ, all had a mixed week with early signs of strength Friday fading into the close, leaving questions about the short term. The longer weekly timeframe was much less troublesome showing consolidation for the SPY continuing and the IWM and QQQ digesting recent moves higher. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday:  Akamai, Activision Blizzard, Comerica, Green Dot & Nutrien

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

Akamai Technologies, Ticker: $AKAM

Akamai Technologies, Ticker: $AKAM, started higher in August and progressed in a steady trend higher. In December it gapped up and then started to move sideways. it pulled back in early February to the 50 day SMA and then reversed again to the upside. It ended last week breaking through resistance to a new 52 week high. The RSI is rising and bullish with the MACD also moving higher. Look for continuation to participate.....

Activision Blizzard, Ticker: $ATVI

Activision Blizzard, $ATVI, lifted off its 200 day SMA in December and then rose out of a long consolidation. It made a top at the end of January and pulled back touching the 50 and then 100 and SMA's, before reversing back higher. Now it is back at the prior high with the RSI in the bullish zone and the MACD rising. Look for a break through to participate higher.....

Comerica, Ticker: $CMA

Comerica, $CMA, rose off of a bottom in September and stepped higher. It has pulled back to find support at the 50 day SMA a couple of times along the way, with the latest being in February. Last week it had a minor pullback and then closed with a strong move higher Friday. The RSI is in the bullish zone and the MACD is avoiding a cross down. Look for continuation to participate higher.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, went through a long move higher that turned into consolidation in November. It continued sideways for 3 months before a dip lower and then rebound up to the prior consolidation. It gapped higher 2 weeks ago and came back to retest the break out last week, holding over it. Friday saw a stronger candle, boding for a reversal higher. The RSI is bullish and rising with the MACD moving up. Look for a move higher to participate.....

Nutrien, Ticker: $NTR

Nutrien, $NTR, has only been trading for 2 months, the result of a merger, but with price history implied moving backward. The stock took a dive following the merger and then quickly recovered, only to plummet into early February. Since then though it has found support and moved back higher. It consolidated last week after the quick move higher with the RSI turning up toward the bullish zone and the MACD rising. Look for a break higher to participate.....

After reviewing over 1,000 charts, I have found some good setups for the week. This week's list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which as the calendar turns to March sees the equity markets again looked weak only to finish with a strong Friday, like February 9th.

Elsewhere look for Gold to continue to consolidate in a broad range while Crude Oil may pause in its short term downtrend. The US Dollar Index continues to consolidate sideways while US Treasuries are consolidating after their move lower. The Shanghai Composite is biased to the downside short term and Emerging Markets look to tighten their broad consolidation at the recent top.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts showed big moves lower this week and then strength on Friday suggesting a possible reversal. The weekly charts are not as optimistic with red candles at lower highs. Use this information as you prepare for the coming week and trad'em well.