#$ozk

[dragonflycap]

5 Trade Ideas for Monday: Alcoa, Lam Research, Moderna, Bank OZK and Royal Bank of Canada

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

Alcoa, Ticker: $AA

Alcoa, $AA, comes into the week testing resistance. It has a RSI rising toward the bullish zone with the MACD moving up. Look for a push through resistance to participate…..

Lam Research, Ticker: $LRCX

Lam Research, $LRCX, comes into the week breaking resistance. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participate…..

Moderna, Ticker: $MRNA

Moderna, $MRNA, comes into the week at a 10 week high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Bank OZK, Ticker: $OZK

Bank OZK, $OZK, comes into the week pressing on resistance. It has a RSI edging into the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Royal Bank of Canada, Ticker: $RY

Royal Bank of Canada, $RY, 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 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.

[dragonflycap]

5 Trade Ideas for Monday: MongoDB, Bank OZK, PacWest Bancorp, Tandem Diabetes and Werner

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

MongoDB, Ticker: $MDB

MongoDB, $MDB, moved up out of a long consolidation in December. It quickly peaked and then pulled back through the 20 day SMA. It has reversed higher in January and is sitting against resistance as it comes into the week. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a push over resistance to participate…..

Bank OZK, Ticker: $OZK

Bank OZK, $OZK, rose from a digestive consolidation in November. It continued to the current consolidation. The RSI is moving higher in the bullish zone with the MACD turning up to avoid a cross down. Look for a push over resistance to participate…..

PacWest Bancorp, Ticker: $PACW

PacWest Bancorp, $PACW, moved higher out of consolidation in November. it had a tight consolidation through the end of the year and then moved up again. Now it is pressing through resistance with the RSI rising and bullish and the MACD avoiding a cross down. Look for continuation to participate…..

Tandem Diabetes Care, Ticker: $TNDM

Tandem Diabetes Care, $TNDM, moved high from a March low to a top in October. It pulled back from there to the 200 day SMA where it is consolidating under resistance. The RSI is rising into the bullish zone with the MACD pushing to positive. Look for break over resistance to participate…..

Werner Enterprises, Ticker: $WERN

Werner Enterprises, $WERN, topped in August and then started to roll over. It spiked down at the end of October and then bounced into a consolidation. It broke that consolidation last week with the RSI rising and bullish and the MACD positive and moving higher. 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 one week to go in January, sees equity markets remaining strong.

Elsewhere look for Gold to possibly reverse higher out of its pullback while Crude Oil continues to move up. The US Dollar Index continues it downtrend while US Treasuries consolidate in their move lower. The Shanghai Composite looks to continue higher after making 5 year highs while Emerging Markets print all-time highs, not seem in over 13 years as they continue to move up.

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 both the QQQ and SPY have resumed their paths higher, while the IWM is taking a breather at new all-time highs. Use this information as you prepare for the coming week and trad’em well.