#$tds

[dragonflycap]

5 Trade Ideas for Monday: Antero Resources, CME, Phillips 66, TDS and US Cellular

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

Antero Resources, $AR, 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…

CME Group, $CME, comes into the week near resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Phillips 66, $PSX, comes into the week trying to round out of a pullback. It has a RSI rising from oversold and a MACD curling up but negative. Look for continuation to participate…

Telephone and Data Systems, $TDS, comes into the week approaching resistance. The RSI is rising in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…

United States Cellular, $USM, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD curling up 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 2 trading days left in 2024, saw the week show some disappointment in equity markets following a strong rebound early.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to hold at resistance while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on the longer timeframe. On the shorter timeframe both look a little weaker. The IWM is now weak enough that it is threatening the uptrend. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Tuesday: Covanta, Manitowoc, Prudential, Telephone and Data Systems, and US Cellular

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

Covanta, Ticker: $CVA

Covanta, $CVA, confirmed a double bottom when it pushed up over the June high in early November. It has continued higher since. The price pushed over short term resistance Friday with the RSI rising in the bullish zone and the MACD flat but positive. Look for continuation to participate…..

Manitowoc, Ticker: $MTW

Manitowoc, $MTW, also confirmed a double bottom on a move over the June high in December. It paused shortly after and then moved up into the current consolidation. The RSI is bullish with the MACD rising and positive. Look for a push up out of consolidation to participate…..

Prudential Financial, Ticker: $PRU

Prudential Financial, $PRU, also had a peak in June. It traded sideways for over 5 months after stalling there though. It moved higher again in November and is starting higher again now. The RSI is rising in the bullish zone with the MACD moving up and positive. Look for continuation to participate…..

Telephone and Data Systems, Ticker: $TDS

Telephone and Data Systems, $TDS, tried to break higher in August but quickly failed. it fell back to a higher low and consolidated until breaking to the upside Friday. The RSI is rising and bullish with the MACD positive and climbing. Look for continuation to participate…..

United States Cellular, Ticker: $USM

United States Cellular, $USM, also pulled back from an August high. It found support in October and has been consolidating in a range. Friday saw it rise to resistance with the RSI rising and bullish and the MACD positive and moving up. 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 Martin Luther King weekend and with January Options Expiration in the books, saw equity markets looking a bit tired.

Elsewhere look for Gold to continue its short term pullback while Crude Oil continues to trend higher. The US Dollar Index is trying to bounce in the downtrend while US Treasuries trend lower. The Shanghai Composite looks to continue higher while Emerging Markets meet resistance as they test all-time highs in an uptrend.

The Volatility Index looks to remain low but with an upward bias making the path harder for equity markets to the upside. Their charts look strong on the longer timeframe. On the shorter timeframe both the QQQ and SPY look gassed and are retrenching. The IWM continues to lead but may also be ready to pause. Use this information as you prepare for the coming week and trad’em well.

[abrcapfinancial-blog]

EARNING UPDATE $TDS Telephone and Data Systems, Inc. for quarter ending q_Jun18 - Revenue rose but Margins contracted

EARNING UPDATE $TDS Telephone and Data Systems, Inc. for quarter ending q_Jun18 – Revenue rose but Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on TDS [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Telephone and Data Systems, Inc. reported earnings (EPS) of 0.29 per share for the quarter ending q_Jun18. This is vis-vis 0.34 per share for the previous quarter ending q_Mar18, a decline of 14.7 %. Compared to last year same quarter (q_Jun17),…

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[dragonflycap]

5 Trade Ideas for Monday: Arrow Electronics, BP, CME, JB Hunt Transportation & Telephone and Data Systems

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

Arrow Electronics, Ticker: $ARW

Arrow Electronics, $ARW, started a trend higher in May after retesting the 50 and 100 day SMA's. It reached a top in late July and then pulled back in a steeper decline. That found support at the 200 day SMA in August before reversing last week. Now it is rising at short term resistance with the RSI rising and the MACD about to cross up. Look for a push over resistance to participate higher.....

BP, Ticker: $BP

BP, $BP, made a high in early August and then pulled back. It found support at the same price level that has stopped the past two falls. Friday it started a reversal higher and has support for continuation from a RSI that has turned up and a MACD heading for a bullish cross. Look for continuation to participate higher.....

CME, Ticker: $CME

CME, $CME, pulled back in March after a long trend higher. It found support and consolidated for 2 months before quickly rising to a new all-time high in June. From there is pulled back to a higher low and is now back at resistance. The RSI is in the bullish zone and rising with the MACD rising. Look for a push through resistance to participate higher.....

JB Hunt Transportation, Ticker: $JBHT

JB Hunt Transportation, $JBHT, started pulling back in March, finding a bottom in May after retracing nearly 70% of the move higher. Since that bottom it has been rising until it met resistance two weeks ago and began to consolidate. The RSI is bullish and the MACD level. Look for a push up out of consolidation to participate.....

Telephone and Data Systems, Ticker: $TDS

Telephone and Data Systems, $TDS, pulled back fast in February, losing 25% of its market cap in less than 2 weeks. It consolidated then for a month before embarking on a trend higher that is still under way. That move met some resistance in early August and is back at that resistance enter this week. The RSI is in the bullish zone and rising while the MACD is crossed up. Look for a push through 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 Jackson Hole behind and looking ahead to the Labor Day weekend at the end of next week saw the equity markets improved, but still lacking strength.

Elsewhere look for Gold to consolidate at 1300 in its uptrend while Crude Oil drifts higher slowly. The US Dollar Index remains weak and better to the downside while US Treasuries are biased to continue higher. The Shanghai Composite looks to continue higher after a big break out and Emerging Markets are better to the upside working through long term resistance.

Volatility looks to remain low putting the bias back higher for the equity index ETF's SPY, IWM and QQQ. Their charts are all looking good on the longer timeframe but mixed in the shorter timeframe. The QQQ is the strongest and is consolidating, while the SPY continues to be at some risk for further pullback, and the IWM is reversing but the weakest, under its 200 day SMA. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5th Time a Charm for Telephone Data Systems?

You know how it is.  When you keep trying and trying to breakthrough some roadblock that is stalling you.  It seems like there is a wall in front of you and no matter how many times you try you cannot break through.  That happens in some stocks too.  Telephone Data & Systems ($TDS) comes to mind.

This stock was on my radar this past weekend as it had started back higher from a mild pullback.  For my style it was hard to buy this action this time though.  The chart below explains why.  Buying a stock that is reversing higher off of a higher low is a great recipe for a profitable trade.  But for Telephone Data & Systems there is resistance just above at $30.60.  

And that $30.60 has acted as resistance the last 4 times the stock got there.  This is the alternate version of the old trader's saying, "there is no such thing as a triple top."  Four touches is not a triple top.  But will the 5th time be the charm for Telephone Data & Systems?  There are some positives in the chart that suggest it might be.

First the momentum is bullish and building.  The RSI is in the bullish zone and rising.  The MACD is about to cross up.  And it recently printed a bullish Golden Cross, with the 50 day SMA crossing up through the 200 day SMA.  But confirmation is essential to trading.  Until the price crosses $30.60 and stays there, just stay away.  It may end up just a 5th time striking its head against the wall.

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