#$aaba

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

Altaba, Ticker: $AABA

Altaba, $AABA, the former Yahoo, started a move higher in the beginning of 2017. It slowed into the end of the year and then got mixed up in the volatility over the last 2 months. It pulled back to the 100 day SMA in February and bounced to a lower higher, only to fall back to the 100 day SMA against the beginning of March, a higher low. Not it making a higher high and near the all-tie high. The RSI is rising and bullish with the MACD rising and positive. Look for a push to a new high to participate.....

Dollar Tree, Ticker: $DLTR

Dollar Tree, $DLTR, started to move higher in July 2017, reaching atop in January this year. It had a mild pullback near the 100 day SMA to start February, but then fell again following its earnings report with a gap down to the 200 day SMA. Since then it has been moving back up with a RSI that i pushing higher and a MACD moving to cross up. Look for continuation to participate higher.....

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, has had a better than 2 year trend to the upside. It has paused and regrouped along the way, the latest time in November. With the market pullback it had just a minor hiccup and is now back at resistance. The RSI is in the bullish zone with the MACD trying to cross up but positive. Look for a push higher to participate.....

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, rounded out of a bottom last spring, moving higher to a top in January. It pulled back from there to the 200 day SMA and then bounced. A smaller pullback reversed at the end of last week and it is back at resistance. The RSI is pushing higher toward the bullish zone with the MACD rising and about to turn positive. Look for a push through resistance to continue higher.....

Visa, Ticker: $V

Visa, $V, ran higher through 2017 and accelerated into January of this year. It pulled back with the market, finding support at the 100 day SMA and bouncing. It has been riding the 50 day SMA higher ever since. Now it is at resistance with the RSI bullish and rising and the MACD positive and moving higher. 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 March Options Expiration done and spring around the corner sees the Equity Index ETF's looking mixed but positive.

Elsewhere look for Gold to consolidate with a downward bias while Crude Oil consolidates in a tight range. The US Dollar Index is also consolidating in a downtrend, trying hard to reverse it, while US Treasuries are showing signs of a potential reversal to the upside. The Shanghai Composite and Emerging Markets continue to consolidate, the former around long term support and resistance, and the latter at the highs.

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

Altaba, Ticker: $AABA

Altaba, $AABA, has quietly run higher all year off of a low in December. It moved above the tight 20, 50, 200 day SMA's (often a point of inflection) in January and rode the 20 day SMA higher ever since. Two weeks ago the former Yahoo started a pullback that broke that 20 day SMA and continued down to the 50 day SMA for the first time since January. But Friday saw a reversal of that, breaking the bull flag to the upside. The RSI is also turning up and the MACD stopped and kinking higher. Look for continuation to participate higher.....

Broadcom, Ticker: $AVGO

Broadcom, $AVGO, also started higher in January, reaching a double top in August. it rolled lower from there crossing the 100 day SMA in September and making a series of lower highs. Last week that ended with the first higher high Friday. The RSI is also making a higher high and the MACD positive as it drifts higher. Look for continuation to participate higher.....

Home Bancshares, Ticker: $HOMB

Home Bancshares, $HOMB, pulled back from a top in March, finding support in June. The bounce from there was strong but short lived lasting less than a week before consolidating and falling again. This time it found support in September, bounced and has a longer run back higher. That ended 2 weeks ago and it sped lower again. Last week ended with the stock moving back higher though. The RSI also is moving back up and the MACD leveling. Look for continuation to participate higher.....

Landstar, Ticker: $LSTR

Landstar, $LSTR,fell back to its 200 day SMA in August, and then after making a double bottom started higher into September. That move topped at the beginning of October and pulled back slightly. Last week saw it move back to the prior high. It has a RSI that is moving higher and a MACD about to cross up. Look for a push over the prior high to participate.....

United Rentals, Ticker: $URI

United Rentals, $URI, pulled back to its 200 day SMA in June. It had a weak bounce higher off of it to a lower high in July before pulling back to the 200 day SMA again, where it had joined the 50 and 100 day SMA's. These crosses are often an inflection point and it acted this way for United Rentals. It moved higher to a peak last week and then pulled back slightly. Friday it broke a mini-channel to the upside. The RSI is moving higher after resetting lower in the bullish zone and the MACD is stopping its fall 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 heading into the last days of October the equity markets look.

Elsewhere look for Gold to continue lower in the short run while Crude Oil looks for new 52 week highs. The US Dollar Index has renewed strength and looks to continue higher while US Treasuries are biased lower but at long term support. The Shanghai Composite continues to make higher highs as it approaches 2 year highs and Emerging Markets are holding on a retest of break out levels.