#$osk

[dragonflycap]

5 Trade Ideas for Monday: BorgWarner, CBOE, Costco, Envista and Oshkosh

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

BorgWarner, $BWA, comes into the week breaking to a new 14 month high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Cboe Global Markets, $CBOE, 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…

Costco, $COST, comes into the week rounding out of a pullback. It has a RSI rising at the midline with the MACD crossed up. Look for continuation to participate…

Envista, $NVST, 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…

Oshkosh, $OSK, 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 another big week in earnings season, saw equity markets looking rattled following a 2 day move lower.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues the intermediate term move to the downside near 3 year lows while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to consolidate the move to the top of the broad consolidation area while Emerging Markets see their short term uptrend threatened.

The Volatility Index looks to continue to rise just above normal levels making life more difficult for equity markets to the upside and threatening a pullback. The charts of the SPY and QQQ are breaking their short term moving averages for the first time since late April and look ripe for more downside. The IWM is slightly weaker as it drops below its 50 day SMA. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Apple, Cleveland Cliffs, Fedex, Oshkosh and Sofi

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week approaching resistance and the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, 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…

Fedex, Ticker: $FDX

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

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, 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…

Sofi Technologies, Ticker: $SOFI

Sofi Technologies, $SOFI, 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 with the October Options Expiration in the books, saw equity markets showing some strength battling against a narrative of slower Fed cuts.

Elsewhere look for Gold to continue its uptrend while Crude Oil drops in consolidation. The US Dollar Index may reverse the short term uptrend while US Treasuries pullback in consolidation. The Shanghai Composite looks to drop back from its spike while Emerging Markets stall in their move higher.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe the SPY is leading the way higher with the QQQ slowly battling back to its high and the IWM poking its head up perhaps to make another attempt at a run higher. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday:  Abbott Labs, Ciena, Deere, Green Dot & Oshkosh

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

Abbott Labs, Ticker: $ABT

Abbott Labs, $ABT, started higher in consolidation in May, breaking out in July. It continued to a peak at the end of September. Since then it pulled back to the 100 day SMA and bounced, eventually retesting the high at the end of November. It has pulled back from there now and is approaching support. The RSI is falling and bearish with the MACD negative and moving lower. Look for a break of support to participate.....

Ciena, Ticker: $CIEN

Ciena, $CIEN, started moving higher off of its 200 day SMA in June. It met resistance and pulled back in July to the 100 day SMA. There it reversed and pushed over resistance gapping higher at the end of August. After consolidating that move for nearly two months it has been making a series of higher lows forming trend support. The RSI is pulling back in the bullish zone with the MACD crossed down. Look for a reaction at support to participate.....

Deere, Ticker: $DE

Deere, $DE, ended a pullback in May and started on a long wide channel. It was defined by the May top and bottom and aside from 2 one day overthrow reversals has been in the range ever since. It is moving lower in the channel now with the RSI falling and the MACD turning negative. Look for continuation to participate.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped up in May and quickly consolidated. it made a run higher in June that fell back to retest the consolidation and then continued back to a top in September. Another pullback added significance to the support zone and it made another push to a new high in November. Since then it has been moving lower and ended the week at support. The RSI is falling and the MACD is negative and dropping. Look for a break through support to participate.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, had been moving lower until it bounced at the end of October. The bounce hit the 200 day SMA and then started back lower. Last week the drop moved into the gap with the RSI falling and bearish and the MACD negative and moving 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 Christmas shortened week sees equities looking the worst they have in at least 2 years.

Elsewhere look for Gold to continue in its uptrend while Crude Oil continues the path lower. The US Dollar Index continues to mark time moving sideways while US Treasuries are biased higher short term. The Shanghai Composite and Emerging Markets have resumed their downtrends.

Volatility looks to remain elevated and creeping higher keeping the bias lower for the equity index ETF's SPY, IWM and QQQ.  Their charts are in solid downtrends on both the daily and weekly view, with the IWM and QQQ in unofficial bear markets, off more than 20%, with the SPY close behind.   Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday: Ally Financial, Fortinet, W.W. Grainger, Interactive Brokers & Oshkosh

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

Ally Financial, Ticker: $ALLY

Ally Financial, $ALLY, started higher in May, reaching a top with the market at the end of January. It has pulled back from there, not quite a 38.2% retracement of the move, but to the 100 day SMA, where it is holding. The RSI bottomed and is moving along nearly oversold with the MACD falling and negative. Look for a bounce to participate to the upside.....

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, ran along its 200 day SMA from August through to the end of October. That is when it started moving higher. It has paused over the last 6 weeks, holding over support, and allowing the 50 day SMA to catch up. It ended last week at all-time highs with the RSI pushing higher in the bullish zone and the MACD trying to cross up. Look for a new high to participate to the upside.....

W.W. Grainger, Ticker: $GWW

W.W. Grainger, $GWW, started moving higher in September and crossed its 200 day SMA in October. That was followed by a Golden Cross in November and it continued higher. It paused and reconnected with the 50 day SMA in January and then gapped higher to a top at the end of the month. The pullback in a bull flag found a bottom last week and it started back higher Friday. The RSI is moving up in the bullish zone with the MACD curling higher as well. Look for continuation to participate.....

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, started higher in the summer, breaking over its 200 day SMA in June and then retesting and holding in July. From there it steadily plodded higher until a top at the end of January. It pulled back with the market last week but had good relative strength and held over the 50 day SMA. The RSI is trending lower but in the bullish zone with the MACD falling. Look for the stock to lose support to trade lower.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, broke above resistance 3 weeks ago and ran higher, only to fail and fall back. Prior resistance did not act as support and the price fell back under the 100 day SMA. It held there until starting higher Friday. The RSI also turned up and the MACD is leveling after falling. 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 heading into February Options Expiration saw the equity markets finally have their first 3%, 5% and 10% pullbacks in a very long time, all in one week.

Elsewhere look for Gold to continue lower while Crude Oil also continues to pullback. The US Dollar Index bounce looks to continue while US Treasuries are biased continue lower. The Shanghai Composite and Emerging Markets are both biased to the downside, but with Emerging Markets at long term support.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts incurred major damage in the shorter time frame but all ending with potential reversal candles, awaiting confirmation Monday. The longer timeframes all see major rests to momentum indications and stopped short of any trend change. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Tuesday: Allstate, Amgen, Dunkin' Brands, Oshkosh & Terex

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

Allstate, Ticker: $ALL

Allstate, $ALL, rose up form a pullback in September, breaking resistance at the end of October and accelerating. That move topped out in December and it pulled back in a channel to its 50 day SMA. Friday saw it push out of that channel to the upside. The RSI is moving back higher in the bullish zone with the MACD leveling after pulling back to near zero. Look for continuation to participate higher.....

Amgen, Ticker: $AMGN

Amgen, $AMGN, moved higher off of its 200 day SMA in November. It printed a Tweezers Top at the start of December and pulled back. It found support at a higher low and reversed stalling at the prior high but then pushing on and continuing last week. The RSI is bullish and rising with the MACD positive and moving higher. Look for continuation to participate higher.....

Dunkin' Brands, Ticker: $DNKN

Dunkin' Brands, $DNKN, started higher in September, pausing as it reached the June high and then continuing on to a new all-time high 2 weeks ago. Since that high it has pulled back in a falling wedge, breaking the wedge to the upside Friday. This gives a target to 66. The RSI is bullish and turning back higher with the MACD turning flat. Look for continuation to participate higher.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, rose off of a bottom in June and after a stumble in August, ran to a top at the end of October. Since then it has been consolidating in a tightening range against that top and the 50 day SMA. The RSI is in the bullish zone and rising while the MACD is about to cross up. Look for a push over resistance to participate.....

Terex, Ticker: $TEX

Terex, $TEX, rose out of consolidation in September topping with a spike up near the end of October. It pulled back through the 50 day SMA into mid-November and then started higher again. After making a new all-time high it pulled back to a higher low and then reversed last week, ending back at that high. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a push to a new high 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 the 3 day weekend for Martin Luther King Day sees the equity markets continuing to fire on all cylinders.

Elsewhere look for Gold to continue in its uptrend while Crude Oil blazes its own path higher. The US Dollar Index is in trouble and may be on the verge of a break down while US Treasuries consolidate in a broad range. The Shanghai Composite and Emerging Markets have broken their consolidation to the upside and look to continue higher.

Volatility looks to remain at very low levels keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. The IWM has finally joined the party moving to new highs while the SPY and QQQ have continued to trade in tandem. Their charts all look strong on both the short and long time frame. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday: CME, Fifth Third, Great Plains Energy, Jazz Pharma and Oshkosh

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

CME, Ticker: $CME

CME, $CME, ran higher after the November election, but then met resistance in December. Since then it has moved mainly sideways in a broad range. Three weeks ago it made a possible double top and started back lower. But that stalled short of confirming the top and has settled sideways. If it holds this would be a higher low after a higher high, an uptrend. The RSI is turning back up and remains in the bullish zone with the MACD leveling in its fall. Look for a push up off of support to participate.....

Fifth Third, Ticker: $FITB

Fifth Third, $FITB, pulled back slightly into the election and then exploded to the upside. That move slowed in December and stalled into the New Year. It started pulling back kin March and crossed its 200 day SMA in May, bottoming in June. Since then it has been trending higher. Last week it ended a retrenchment in the uptrend Friday with a push higher. The RSI turned up as well but the MACD is still falling. Look for continuation to participate higher.....

Great Plains Energy, Ticker: $GXP

Great Plains Energy, $GXP, went through a bottoming process from August to February. As it rounded out of that it made a higher high and then came back to retest the 200 day SMA in May. Another higher high and then a retest at the 50 day SMA sees it moving higher again. Friday it pushed into new high territory again. It has support for more upside from a rising and bullish RSI and a MACD that is also rising. Look for continuation to participate higher.....

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, had a solid run higher from November through to a peak at the end of April. Since then it pulled back over May and bottomed at the beginning of June. Rounding up it is now back approaching the April high. The RSI is bullish and rising while the MACD is crossed up and rising. Look for continuation to participate higher.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, drove higher quickly after the election. It settled almost as fast into a sideways consolidation and stuck there through April. The last two months saw tightening consolidation and then a pop out of a symmetrical triangle that failed to the upside after 2 days. That reversed lower to the 200 day SMA and it found support. The bounce stalled at the beginning of July and then pulled back to the 200 day SMA before rebounding again. Now it is at resistance with a rising and bullish RSI and MACD crossed up. Look for a push over resistance 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 with July Options Expiry and 1 full week of earnings behind them, sees the Index ETF's looking strong and ready to move higher.

Elsewhere look for Gold to continue in its uptrend while Crude Oil pulls back lower in the short run within the longer term drift higher. The US Dollar Index continues to weaken and move lower while US Treasuries strengthen and move higher. The Shanghai Composite continues to drift up while Emerging Markets move higher with strength.

Volatility looks to remain at extremely low levels keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. In the short run their charts look to consolidate or pullback but all look strong and ready to continue higher in the longer timeframe. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday: Charles River Laboratories, Ellie Mae, Fiserv, Oshkosh and Shopify

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

Charles River Laboratories, Ticker: $CRL

Charles River Laboratories, $CRL, broke above its 20 day SMA in December, as it started to move higher. It took a couple of steps up and then had a gap up in February to a plateau it has held ever since. Last week it created a tight range against that support and made contact again with its 50 day SMA. The RSI is holding in the bullish zone while the MACD is about to break into negative territory. The question is whether it will bounce here or continue lower. Let it tell you and then tag along.....

Ellie Mae, Ticker: $ELLI

Ellie Mae, $ELLI, got crushed following the election, dropping over 20% in just 3 days. It settled in a channel, consolidating, for 3 months after that before starting higher. The first leg up recovered 61.8% of the move and then it pulled back. A second leg took it to the current level where it has held in a tight consolidation. The RSI is in the bullish zone and the MACD is positive, but looking to cross down. Look for a break of the consolidation to follow along.....

Fiserv, Ticker: $FISV

Fiserv, $FISV, gapped lower in October following earnings and has been trending higher since. The last leg topped in March and after a quick pullback, bounced to settle into the current consolidation. The RSI is pushing lower through the mid line, but not out of the bullish zone yet, while the MACD may be avoiding a positive cross and reversing lower. Mixed signals about the future. Look for price to break the range and show you which way to follow.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, moved higher out of consolidation following the election. It made a higher in early December and has been consolidating in a tightening range ever since. Last week ended with a move toward the bottom of the range. The RSI is holding in the bullish zone for now but falling toward the edge, and the MACD is flat at zero but about to cross down. Look for a break of the range to participate.....

Shopify, Ticker: $SHOP

Shopify, $SHOP, started higher out of consolidation in January. It has had a couple of minor pullbacks since but trended higher. Last week ended with it moving up off of consolidation. The RSI is bullish and rising while the MACD is leveling after a pullback. 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 Thursday which with Easter now behind and April options Expiration ahead, sees equity markets looking a bit weaker short term as they give up some ground.

Elsewhere look for Gold to continue in its uptrend while Crude Oil also moves higher. The US Dollar Index has moved into broad consolidation while US Treasuries are biased higher short term and may be reversing. The Shanghai Composite looks to continue to drift higher as Emerging Markets consolidate their recent move up.

Volatility looks to remain low, but higher than it has been and with a short term bias to continue up. This alone should not be enough to put a damper on equities but could contribute. The equity index ETF's SPY, IWM and QQQ, all look ready to continue to give ground in the short run. In the intermediate view they are all stronger with the QQQ strongest and IWM next and the SPY the least positive. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade ideas for Monday: Diebold, DexCom, Illinois Tool Works, Southwest Airlines & Oshkosh

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

Diebold, Ticker: $DBD

Diebold, $DBD, started a move lower after topping in June over 38 on a big one day move. After a 255 drawdown it bounced in a 'W' fashion finally heading higher to start October. The move touched the prior high area near 38 but pulled back again. This time it was a shallow pullback though and Friday found the price back at resistance on strong volume. The RSI turned back higher at the mid line and is bullish while the MACD is about to cross up. Both support more upside.

DexCom, Ticker: $DXCM

DexCom, $DXCM, had a long run higher until topping over 102 in September. It pulled back hard with all healthcare related stocks in September finding a bottom after breaking through the 200 day SMA. Since then it has moved back higher as consolidated at resistance. This price level was important as resistance in August and then support in September. Many battles here. The RSI is trying to move up off of the mid line while the MACD has turned flat after rising to zero. Look for a break higher to participate.

Illinois Tool Works, Ticker: $ITW

Illinois Tool Works, $ITW, went through a long channel lower from March through August before, exploding to the downside with the market at the end of August. After some consolidation it started back higher in October and is now back at resistance. The RSI is rising and bullish and the MACD is about to cross up. The Bollinger Bands® are starting to open after a squeeze as well. A break above resistance could run to new highs.

Southwest Airlines, Ticker: $LUV

Southwest Airlines, $LUV, had a strong run higher from a base at $8 from the end of 2012. Bags fly free is apparently winning some business. But as the calendar turned into 2015 it started a pullback. The stock retraced 38.2% of the move up and then started back higher. Last week it had made it back to resistance again, and started a small pullback. Momentum is supportive with the RSI in the bullish zone, having reset and turning back higher. The MACD has pulled back a bit and a turn higher would also confirm the upside.

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, pulled back from a double top at 55 in May. It made a double bottom in August and has been consolidating since against resistance. The RSI is trending higher as it consolidates along with the MACD rising. A break over the top triggers a trade opportunity, with a more conservative entry over the 200 day SMA.

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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 shortened Thanksgiving Holiday week sees the equity markets have moved strongly higher maybe a bit too fast in the short run.

Elsewhere look for Gold to continue lower while Crude Oil consolidates in its downtrend. The US Dollar Index is consolidating with an upward bias and US Treasuries are moving higher in the consolidation range. The Shanghai Composite looks ready to resume the move higher out of consolidation and Emerging Markets are biased to the upside short term in their downtrend. Volatility looks to remain low adding some wind to the backs of the equity index ETF's SPY, IWM and QQQ.

Their charts look good in the short term, with the SPY and QQQ moving higher and the IWM biased higher in consolidation. Longer term the SPY and QQQ look ready to attack their all-time highs, while the IWM lags behind. Use this information as you prepare for the coming week and trad'em well.

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