#$abbv

Here is your Bonus Idea with links to the full Top Ten:

AbbVie, $ABBV, comes into the week approaching resistance and at the 50 day SMA. The Bollinger Bands® have squeezed in. The RSI is rising toward a move back into the bullish zone over 60 with the MACD moving into positive territory. There is resistance at 183.50 and 186.50 then 190 and 193 before 196 and 199.50. Support lower is at 180 and 175.75. Short interest is low at 1%. The stock pays a dividend with an annual yield of 3.62% and will begin trading ex-dividend January 15th.

The company is expected to report earnings next on January 31st. The January options chain shows open interest build from 180 to a peak at 170 then fall back on the put side. On the call side it is biggest at 200 then 180. The February chain has biggest open interest at the 175 put and sees it spread from 170 to 220 on the call side. Finally, the March chain has biggest open interest from 170 to 160 on the put side and spread from 175 to 210 on the call side.

Trade Idea 1: Buy the stock on a move over 183.50 with a stop at 175.75.

Trade Idea 2: Buy the stock on a move over 183.50 and add a February 180/170 Put Spread ($4.57) while selling the March 195 Call ($2.07).

Trade Idea 3: Buy the January/February 190 Call Calendar ($2.31) while selling the February 170 Put ($2.18).

Trade Idea 4: Buy the March 170/185/200 Call Spread Risk Reversal ($1.24).

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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 as we ring in the New Year and ring out a fabulous 2024, saw the week showing some disappointment in equity markets end in an early year rebound.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil rises in consolidation in the lower end of a broad range. The US Dollar Index looks to continue the breakout higher while US Treasuries consolidate at 14 month lows. The Shanghai Composite looks to reverse its uptrend with a break lower while Emerging Markets are reversing their uptrend.

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

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

ConocoPhillips, $COP, 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…

Johnson & Johnson, $JNJ, comes into the week trying to reverse out of a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

JP Morgan, $JPM, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Occidental Petroleum, $OXY, comes into the week trending higher. It has a RSI in the bullish zone with the MACD positive. 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 with August in the books and heading into the Labor Day Holiday weekend, saw equity markets hold firm with some minor profit taking Friday.

Elsewhere, look for Gold to continue to press up and through the top of its consolidation zone while Crude Oil drifts in consolidation. The US Dollar Index continues to base in the intermediate term move to the downside, teasing a possible change of character, while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue the uptrend to new 10 year highs while Emerging Markets also continue their uptrend.

Here is your Bonus Idea with links to the full Top Ten:

AbbVie, $ABBV, comes into the week approaching resistance. It has a RSI on the cusp of a move into the bullish zone with the MACD flat and positive. There is resistance at 198.75 and 201.75 then 206 and 210.50 before 214.75 and 217. Support lower is at 195.25 and 191.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 3.36% and has traded ex-dividend since July 15th.

The company is expected to report earnings next on October 28th. The August options chain has biggest open interest at the 190 then 195 and 175 strikes on the put side and at 200 and 210 on the call side. The September chain has biggest open interest at the 175 put and builds from 180 to a peak at 220 on the call side. In the October chain action is just getting started and open interest is biggest at the 160 put and the 220 call. Finally, in the November chain, open interest is biggest at the 170 put strike and the 210 call strike.

Trade Idea 1: Buy the stock on a move over 199 with a stop at 191.

Trade Idea 2: Buy the stock on a move over 199 and add a September 195/190 Put Spread ($2.05) while selling the November 220 Call ($2.05).

Trade Idea 3: Buy the September/October 210 Call Calendar ($1.55) while selling the September 175 Put ($1.25).

Trade Idea 4: Buy the November 180/200/220 Call Spread Risk Reversal ($2.80).

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 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.

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

Abbvie, $ABBV, comes into the week at resistance. It has a RSI rising off the midline with the MACD positive. Look for a push over resistance to participate…

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

Fastenal, $FAST, comes into the week at resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…

Gilead Sciences, $GILD, 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…

IBM, $IBM, 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 June non-farm payroll report in the rearview mirror, saw equity markets show continued progress moving back towards their all-time highs.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets break to the upside.

AbbVie, $ABBV, comes into the week breaking up out of a short consolidation following a pullback from the all-time high print earlier in the month. That pullback retraced 38.2% of the last leg higher. It is at prior resistance at 206 with additional resistance at 210 and 215 before 219. Support lower is at 201 and 199. Short interest is low at 1.1%. The stock pays a dividend with an annual yield of 3.20% and will trade ex-dividend on April 15th. The company is expected to report earnings next on April 24th.

The April options chain shows biggest open interest at the 200 put strike, then 210 followed by 185 and 195. On the call side it is biggest at 210 then 195 and 220. In the May chain it builds from 210 to a peak at 190 then tails and holds through 160, on the put side. The call side is biggest from 210 to 230. Finally, the June options chain has open interest spread from 200 to below 150 on the put side and from 180 to 230, biggest at 230 and 210, on the call side.

Trade Idea 1: Buy the stock on a move over 206.50 with a stop at 198.50.

Trade Idea 2: Buy the stock on a move over 206.50 and add a May 200/190 Put Spread ($3.20) while selling the May 220 Call ($2.30).

Trade Idea 3: Buy the April/May 220 Call Calendar ($2.00) while selling the April 197.50 Put ($1.90).

Trade Idea 4: Buy the June 195/210/230 Call Spread Risk Reversal (20 cents).

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 just one trading day left in the 1st Quarter of 2025, saw equity markets show renewed weakness after a positive start to the week.

Elsewhere look for Gold to continue its record breaking drive higher while Crude Oil rises in consolidation. The US Dollar Index looks to continue to drift to the downside while US Treasuries pullback in their consolidation. The Shanghai Composite looks to consolidation in the short term uptrend while Emerging Markets continue a short term consolidation.

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

AbbVie, $ABBV, comes into the week approaching resistance. It has a RSI in bullish territory with the MACD positive. Look for a push over resistance to participate…

Cboe Global Markets, $CBOE, 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…

CME Group, $CME, comes into the week consolidating in a triangle. It has a RSI in the bullish zone with the MACD positive. Look for a break of the triangle to participate…

Honeywell, $HON, comes into the week rounding out of a bottom. It has a RSI rising near the midline with the MACD crossing up. Look for continuation to participate…

Johnson & Johnson, $JNJ, 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…

If you like what you see sign up for more ideas and deeper analysis using thi 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 February options expiration in the books, saw equity markets show some cracks at the end of the week following a strong open post-holiday.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside, testing prior breakout levels, while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in broad consolidation while Emerging Markets continue a short term uptrend.

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

Abbvie, Ticker: $ABBV

Abbvie, $ABBV, 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…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week moving higher. It has a RSI at the midline with the MACD crossing up. Look for continuation to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, 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…..

3M, Ticker: $MMM

3M, $MMM, 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 with the first week of June in the books, saw equity markets were mixed with the large caps and tech heavy Nasdaq showing renewed strength while small caps continue to flounder.

Elsewhere look for Gold to continue to consolidate the long move higher while Crude Oil moves lower in a consolidation range. The US Dollar Index continues in broad consolidation while US Treasuries continue their long term downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets continue the short term move lower in a consolidation channel.

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

Abbvie, Ticker: $ABBV

Abbvie, $ABBV, comes into the week rounding out of a pullback from a top in March. It has a RSI rising through the midline with the MACD moving up. Look for continuation to participate…..

Bath & Body Works, Ticker: $BBWI

Bath & Body Works, $BBWI, 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…..

Comerica, Ticker: $CMA

Comerica, $CMA, 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…..

Crowdstrike, Ticker: $CRWD

Crowdstrike, $CRWD, comes into the week holding over support. It has a RSI rising in the bullish zone with the MACD positive. Look for continuation to participate…..

McKesson, Ticker: $MCK

McKesson, $MCK, comes into the week at an all-time high. It has a RSI in the bullish zone with the MACD positive. 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 the May options expiry in the books, saw equity markets with renewed strength moving to new all-time highs.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a pullback. The US Dollar Index continues to pullback in its short term uptrend while US Treasuries bounce in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets build a short term uptrend.