#$zts

[dragonflycap]

5 Trade Ideas for Monday: Costco, Graco, Grainger, Norfolk Southern and Zoetis

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

Costco, Ticker: $COST

Costco, $COST, comes into the week at resistance. It has a RSI rising towards the bullish zone with the MACD heading towards positive. Look for a push over resistance to participate…..

Graco, Ticker: $GGG

Graco, $GGG, comes into the week reversing higher off a low. It has a RSI rising towards the bullish zone and a MCD about to cross up. Look for continuation to participate…..

W.W. Grainger, Ticker: $GWW

W.W. Grainger, $GWW, comes into the week reversing higher off a low. It has a RSI rising off oversold and a MACD turning to cross up. Look for continuation to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week reversing off a low. It has a RSI rising off oversold and a MACD about to cross up. Look for continuation to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD moving towards 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 only 4 trading days left in the 2nd Quarter, saw that equity markets had mounted a strong rebound off of the lows and set up for at least short term continuation.

Elsewhere look for Gold to continue to consolidate while Crude Oil pulls back from the highs. The US Dollar Index pause in its move to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to continue the trend higher while Emerging Markets continue to move lower.

The Volatility Index looks to slowly ease from elevated ground making the path easier for equity markets to the upside. Their charts are looking stronger following the week’s move, especially on the shorter timeframe. On the longer timeframe the moves required to call a confirmed reversal are still far above, about 5% more for the QQQ and 7% for the SPY to make a higher high. It will take another 9% for the IWM to get there. Those moves would only be first steps. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Fastenal, Flowserve, Garmin, Jazz Pharma and Zoetis

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

Fastenal, Ticker: $FAST

Fastenal, $FAST, gapped higher in October and then went into a 3½ month consolidation. Now it is approaching support with the RSI falling to the bearish zone with the MACD dropping and negative. Look for a push under support to participate…..

Flowserve, Ticker: $FLS

Flowserve, $FLS, bounced off of a bottom in August, stalling on a gap fill in September. It turned lower again but found support at a higher low and reversed. After making a higher high in early November it has consolidated. The RSI is falling into the bearish zone with the MACD falling and negative. Look for a break of support to participate…..

Garmin, Ticker: $GRMN

Garmin, $GRMN, started higher in August, and after a gap up in October fell into consolidation. It made an attempt to push higher last month but fell back and is nearing support. The RSI is falling through the mid line with the MACD crossed down and dropping. Look for a break of support to participate…..

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, started higher off of a low in October. It continued to a peak in November and then settled into consolidation. The price is testing the bottom of consolidation with the RSI falling to the bearish zone and the MACD dropping and negative. Look for a break of support to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, started moving higher again in November and reached a top last month. It pulled back and bounced then started a second step down at the end of last week. The RSI is falling toward the bearish zone with the MACD crossed down and falling. Look for continuation under support 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 with the first month of the year in the books, saw equity markets had finally stalled and started to retrace after a long strong run in the 4th Quarter and into January.

Elsewhere look for Gold to continue to move higher while Crude Oil tests the lower end of a broad consolidation channel. The US Dollar Index looks better to the downside while US Treasuries head towards the all-time highs. The Shanghai Composite looks to re-open with a bias lower compounded by a week of pent up news while Emerging Markets continue a short term downtrend.

The Volatility Index looks to remain elevated making the path easier for equity markets to the downside. Their charts also look weak on the shorter timeframe with the IWM the ugliest and the SPY now at possible support. Only the QQQ remains near the 20 day SMA. The longer timeframe looks much less concerning for the QQQ and SPY. The IWM is weaker but at support on this timeframe. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Arch Capital, Conagra, Service Corp, Visa and Zoetis

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

Arch Capital Group, Ticker: $ACGL

Arch Capital Group, $ACGL, ran from a December low to a plateau from March through April. It started higher again in May and is now consolidating that move. The RSI is rising and bullish with the MACD flat and positive. Look for a push over consolidation to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, started higher in March and stalled as it hit the 200 day SMA in April. It pulled back through the end of May and then reversed. Now it is consolidating in that move. The RSI is stalling just under the bullish edge with the MACD rising and positive. Look for a push over resistance to participate…..

Service Corporation, Ticker: $SCI

Service Corporation, $SCI, is pushing above February resistance to a higher high. The RSI is bullish and the MACD rising and positive. Look for continuation to participate….

Visa, Ticker: $V

Visa, $V, ran from a low in December to a plateau in May. It broke higher to start June but comes into the week consolidating that move. The RSI is holding bullish with the MACD flat but positive. Look for a push over resistance to participate….

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, started higher out of consolidation at the beginning of June. Currently it is pausing and consolidating that move. The RSI is reset out of overbought territory in the bullish zone with the MACD flat and positive. Look for a push over resistance 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 June options expiration saw equity markets took a digestive breather after a strong move higher, but remain looking healthy on the longer timeframe.

Elsewhere look for Gold to continue in its uptrend while Crude Oil continues to move lower. The US Dollar Index is now in a short term downtrend while US Treasuries continue to be biased higher. The Shanghai Composite and Emerging Markets are pulling back lower. Volatility looks to remain low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts show a loss of power and momentum in the short run but continued strength in the longer timeframe. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Alcoa, Deere, E*TRADE, Johnson & Johnson and Zoetis

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

Alcoa, Ticker: $AA

Alcoa, $AA, moved lower from consolidation in October, finding a bottom in December. Since then it has bounced and consolidated against resistance. it ended the week back at resistance with the RSI rising into the bullish zone and the MACD turning positive. Look for a move over resistance to participate higher…..

Deere, Ticker: $DE

Deere, $DE, started to pullback in February last year and then transitioned into a broad sideways consolidation. After making a higher low in December it looks to have changed course again to the upside. In January it made a higher high and has been consolidating under resistance since. Friday ended a strong 3 day move up to resistance. The RSI is pushing into the bullish zone and the MACD turning back up and positive. Look for a push over resistance to participate…..

E*TRADE, Ticker: $ETFC

E*TRADE, $ETFC, started moving lower in June and also found a bottom Christmas Eve. It bounced from there and met resistance at the November consolidation range and was knocked back. It made a higher low and is now trying to turn back up. The RSI is rising to the bullish zone with the MACD positive and moving up. Look for a push over resistance to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, made a high in December and then reversed lower. It found support later that month and has moved higher since. Last week it consolidated a move up. The RI is rising in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, made a bottom Christmas Eve and then bounced. It stalled at the 200 day SMA and pulled back to a higher low then reversed to the 200 day SMA again. Another higher low and then a fast move higher. It is consolidating that move in a bull flag with the RSI bullish and the MACD rising and positive. Look for a push higher 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 last week of February sees the equity markets continuing to look strong but also continuing to remain below an all clear level.

Elsewhere look for Gold to possibly pause in its uptrend while Crude Oil resumes the path higher. The US Dollar Index looks to continue to move sideways while US Treasuries are consolidating at resistance. The Shanghai Composite and Emerging Markets are continuing their trends higher.

Volatility looks to remain very low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts are looking a little extended but strong on the shorter timeframe, but remain very strong on the longer timeframe. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: Apple, General Dynamics, Green Dot, Veeva Systems & Zoetis

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

Apple, Ticker: $AAPL

Apple, $AAPL, started a move higher off of a June low and accelerated into August. It found a top at the end of the month and has consolidated in a descending triangle ever since. It has a RSI that is now rising in the bullish zone with the MACD about to cross up and positive. Look for a break of the triangle to participate higher.....

General Dynamics, Ticker: $GD

General Dynamics, $GD, had a sharp and fast pullback at the end of April. It bounced into May and the fell back to a lower low in the end of June. Since then it retested resistance and pulled back to a higher low and then ran back to resistance again. Last week it had an even shallower pullback before reversing to end the week at resistance. The RSI is rising and bullish and the MACD is turning up. Look for continuation to participate.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped up in May and has looked strong since. In August it moved higher off of a pullback to the 50 day SMA and consolidated when it made a new high. Two weeks ago it started up again and then digested that move last week. Friday it started higher again. The RSI is moving back up and bullish and the MACD is about to cross up and positive. Look for continuation to participate higher.....

Veeva Systems, Ticker: $VEEV

Veeva Systems, $VEEV, went through a long consolidation in the second quarter before expanding to a higher range-bound channel into the 3rd quarter. It broke that to the upside in August and ran to a higher consolidation in September. Last week it broke that to the upside. It has a RSI that is bullish and rising with a MACD turning to cross up. Look for continuation to participate.....

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, has had many sideways consolidations in a long term trend higher. It started to move up out of the latest one at the end of last week. The RSI is rising and bullish and the MACD is crossed up and rising. 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 the books are closed on the 3rd Quarter, sees the equity markets taking a breather after making recent new highs.

Elsewhere look for Gold to continue lower in its downtrend while Crude Oil drives higher. The US Dollar Index may be ready to reverse higher while US Treasuries have bounced again at support and are now rising. The Shanghai Composite is also building a possible reversal higher while Emerging Markets continue to fall in a channel.

Volatility looks to remain very low keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts show digestive behavior, with sideways or slight pullbacks on the longer timeframe. On the shorter timeframe there has been continued rotation, now into the QQQ as the SPY pauses with the IWM still lagging. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday:  Salesforce, Interactive Brokers, Intuitive Surgical, Tiffany & Zoetis

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

Salesforce.com, Ticker: $CRM

Salesforce.com, $CRM, moved steadily higher out of consolidation in August, continuing higher with tests at the 20 day SMA along the way. It made a top in March and pulled back through the 20 day SMA but then rose to a lower high. Another pullback to a higher low and it reversed to move back to the recent top. The RSI rising in the bullish zone with the MACD positive and moving up. Look for a push over the prior high to participate to the upside.....

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, had a strong run higher from June last year until making a top in March. It pulled back through the 20 day SMA from there to a low at the start of April before another leg higher to a slightly higher high a few weeks ago. It has consolidated there since. The RSI is in the bullish zone with the MACD trying to cross up again. Look for a push through resistance to participate higher.....

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, had a strong earnings report and the stock gapped higher 3 weeks ago. It then pulled back, filling the gap, and bounced. It settled there for a week before starting higher again Friday. The RSI is rising in the bullish zone with the MACD turning up after avoiding a cross. Look for continuation to participate higher.....

Tiffany, Ticker: $TIF

Tiffany, $TIF, broke above consolidation in December and ran to a high at the end of January. It punctuated it with a Shooting Star reversal and price eventually fell back below the 200 day SMA. Last week it had pushed up to resistance but failed to move above it and pulled back to a higher low. It is moving up toward resistance again with the RSI bullish and rising along with the MACD positive and moving higher. Look for a push through resistance to participate higher.....

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, started moving higher at the beginning of the year. It paused along the way, most recently over support at 80. It gapped down last week following earnings and has started working back higher. The RSI is turning back up with the MACD now negative. 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 May begins sees the equity market continuing to move sideways in consolidation without any energy, but a slightly improving picture.

Elsewhere look for Gold to hold or bounce off of support in its range while Crude Oil continues higher. The US Dollar Index continues to show strength in the short term moving higher while US Treasuries are consolidating at a lower high, a possible Dead Cat Bounce. The Shanghai Composite is consolidating in a downtrend clinging to support while Emerging Markets continue to retrench in the uptrend.

Volatility looks to remain low and more stable taking pressure off of the equity index ETF's SPY, IWM and QQQ. Their charts all ended the week stronger on the shorter timeframe and in consolidation near the top on the longer timeframe. In the short term the QQQ and IWM look a bit stronger than the SPY. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday: Agilent Technologies, Apple, Autodesk, LPL Financial & Zoetis

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, started higher off of a double bottom in December. It paused in March and April before moving higher again, to the current consolidation. Late last week it broke that to the upside. The RSI is rising in the bullish zone and the MACD is crossed up and rising, both supporting more upside. Look for continuation to participate higher.....

Apple, Ticker: $AAPL

Apple, $AAPL, started moving higher in February, paused as it entered March and then moved higher again in May. It made a top in May and pulled back in June. That pullback found support and consolidated until last week. Friday it pushed over consolidation as the Bollinger Bands® opened. It ended Friday at the 50 day SMA with the RSI rising back to the bullish zone and the MACD crossed up and rising. Look for continuation to participate higher.....

Autodesk, Ticker: $ADSK

Autodesk, $ADSK, drifted higher to a consolidation in the spring where it reconnected with its 50 day SMA. In April it started higher again and then gapped up in late May. Since the gap up it retraced into the beginning of July, not quite closing the gap before a reversal 2 weeks ago. Now it is at resistance with a RSI rising into the bullish zone and a MACD crossed up and moving higher. Look for a push over resistance to participate higher.....

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, started higher in July last year, reaching a top in December before pulling back. It found support at the 50 day SMA and moved back to a higher high in May before a pull back to a higher low. Another reversal has it at the prior high again with the RSI bullish and rising and the MACD avoiding a cross down and turning back up. Look for a push over resistance to participate.....

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, started a move higher in April out of consolidation. That met resistance in June and it has been consolidating in a tight range since. The Bollinger Bands® have squeezed, often a precursor to a move, and the RSI is moving higher in the bullish zone while the MACD is about to cross 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 heading into July options expiration and the height of summer earnings, sees the equity markets looking very strong.

Elsewhere look for Gold to continue its recent move higher while Crude Oil bounces in a channel. The US Dollar Index continues to look weak while US Treasuries continue their consolidation in a channel. The Shanghai Composite remains in a slowly rising uptrend as Emerging Markets continue their break out to the upside.

Volatility looks to remain at extremely low levels keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts support this view as well on both the daily and weekly timeframes. Use this information as you prepare for the coming week and trad'em well.

[dragonflycap]

5 Trade Ideas for Monday: American Electric Power, Home Depot, Oracle, PPG and Zoetis

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

American Electric Power, Ticker: $AEP

American Electric Power, $AEP, started to move higher in December. It paused mid-month and into January before a second leg higher. It ran out of the Bollinger Bands® in February and pulled back to a higher low before moving to the latest consolidation zone. With the Bollinger Bands squeezed it may be ready to move higher again. The RSI is holding in the bullish zone while the MACD is pulling back but positive. Look for a push over resistance to participate higher.....

Home Depot, Ticker: $HD

Home Depot, $HD, started moving higher in November, reaching a peak in December. After a consolidation period it started a second move higher to the current consolidation. The Bollinger Bands® came together at the end of March and last week they opened as the price pushed to the top of consolidation with a Marubozu candle Friday. The RSI is rising in the bullish zone and the MACD is crossing up. Look for a push through resistance to participate higher.....

Oracle, Ticker: $ORCL

Oracle, $ORCL, started higher in January, pausing at the end of February before a gap higher at earnings. It has been pulling back since that gap up, but found support 2 weeks ago as it hit the lower Bollinger Band®. It has been slowly turning higher since, with the Bollinger Bands squeezing in. The RSI held in the bullish zone while the MACD is now level after resetting lower. Look for continuation higher to participate to the upside.....

PPG, Ticker: $PPG

PPG, $PPG, gapped down in October and quickly found a bottom. Since then it has steadily moved higher. A spike in March sold off and it has now settled into consolidation under 107. The RSI is holding in the bullish zone while the MACD is flat. Look for a push over resistance to participate higher.....

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, had a strong run up from December to a peak in mid-February. It pulled back from there, finding support at the 100 day SMA and has consolidated in a range ever since. Last week saw it move up to the top of the range as the RSI moved up into the bullish zone and the 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 April Options Expiration behind, saw the equity markets a bit stronger than last week in the short term and still in consolidation longer term.

Elsewhere look for Gold to pause in its uptrend while Crude Oil continues to pull back lower. The US Dollar Index remains moving sideways in broad consolidation while US Treasuries continue to look better to the upside in the short term. The Shanghai Composite has morphed into a consolidation with a downward bias short term and Emerging Markets are pulling back in their uptrend.

Volatility has moved up slightly from abnormally low levels to a more normal range but still low which continues to keep an upward push on the equity index ETF's SPY, IWM and QQQ. Their charts look stronger in the short term, with the QQQ and IWM stronger than the SPY, but with all three consolidating near their highs and strong in the intermediate term. Use this information as you prepare for the coming week and trad'em well.