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

Abbott Laboratories, Ticker: $ABT

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

CF Industries, Ticker: $CF

CF Industries, $CF, comes into the week reversing higher. It has a RSI rising at the midline with the MACD curling up. Look for continuation to participate…

Fiserv, Ticker: $FI

Fiserv, $FI, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break of resistance to participate…

Honeywell, Ticker: $HON

Honeywell, $HON, comes into the week reversing higher. It has a RSI at the midline with the MACD flat at zero. Look for continuation to participate…

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, comes into the week at resistance. It has a RSI in the bullish zone and a 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 October in the books and heading into the election and FOMC meeting, saw equity markets experienced a Halloween spooking.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index looks to consolidate in its uptrend while US Treasuries pullback in their consolidation. The Shanghai Composite looks to continue the short term move higher while Emerging Markets pullback in their uptrend.

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

Abbott Laboratories, $ABT, comes into the week at resistance. It has a RSI rising and the MACD curling to cross up. Look for a push over resistance to participate….

Broadcom, $AVGO, comes into the week at resistance. It has a RSI is the bullish zone with the MACD flat and positive. Look for a push over resistance to participate….

GE Aerospace, $GE, comes into the week at resistance. It has a RSI is the bullish zone with the MACD positive. Look for a push over resistance to participate….

Nike, $NKE, 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….

RTX, $RTX, 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 heading into the peak of earnings season and the FOMC meeting, saw equity markets continuing to show strength, making new highs.

Elsewhere, looked for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues short term move to the downside at 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to move up to test the top of the broad consolidation area while Emerging Markets continue their 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.

Abbott Laboratories, $ABT, comes into the week reaching up towards resistance. It has a RSI rising through the midline with the MACD crossed up but negative. The price moved back over the 20 day SMA Friday to end the week. There is resistance at 98.50 and 99.65 then 100.50 and 102 before 103.50 and 105.75. Support lower comes at 96.65 and 95.25. Short interest is low under 1%. The stock pays a dividend with an annual yield of 2.11% and began trading ex-dividend on October 12th. The company is expected to report earnings next on January 23, 2024. 

The November options chain has biggest open interest at the 100 and 105 puts and from 105 to 120 on the call side. The December options chain shows biggest open interest at the 95 put strike and the from 95 to 105 on the call side. The January chain shows open interest build from 80 to a peak at 95 and 105 on the put side and at 120 on the call side. Finally, the February chain has big open interest from 80 to 100 and then at 65 on the put side, and at 105 on the call side.

Abbott Laboratories, Ticker: $ABT

Trade Idea 1: Buy the stock on a move over 98.50 with a stop at 96.50.

Trade Idea 2: Buy the stock on a move over 98.50 and add a November 95/90 Put Spread ($1.15) while selling the February 110 Call ($1.16) .

Trade Idea 3: Buy the December/January 105 Call Calendar (90 cents) while selling the December 85 Put (53 cents).

Trade Idea 4: Buy the January 85/105/110 Call Spread Risk Reversal (free).

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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 October options expiration in the books, saw equity markets with renewed weakness as bond yields soared higher.

Elsewhere look for Gold to continue its assault in the all-time highs while Crude Oil consolidates in a run higher. The US Dollar Index looks to consolidate the break out while US Treasuries drive down to their all-time low prices. The Shanghai Composite and Emerging Markets continue to look better to the downside.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is in the bullish zone with the MACD falling but bullish. Look for a push over resistance to participate…..

Air Products, Ticker: $APD

Air Products, $APD, comes into the week at resistance. The RSI is in the bullish zone with the MACD bullish. Look for a push over resistance to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week near resistance. The RSI is trending higher with the MACD rising but negative. Look for a push over resistance to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week at resistance. The RSI is in the bullish zone with the MACD flat and bullish. Look for a push over resistance to participate…..

Capital One, Ticker: $COF

Capital One, $COF, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD falling but bullish. 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 one trading day left in July saw that equity markets showed resilience, holding up and improving in a week with rate hikes from Fed and ECB and slight loosening of the band for rates in Japan.  

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the top of broad range. The US Dollar Index continues to bounce in the downtrend while US Treasuries continue their trend lower. The Shanghai Composite looks to continue the pullback in broad consolidation while Emerging Markets continue a short term move higher.

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

Agilent, Ticker: $A

Agilent, $A, comes into the week at resistance after filling the gap from August. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation over resistance to participate…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is rising towards the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation to participate…..

Alteryx, Ticker: $AYX

Alteryx, $AYX, comes into the week approaching resistance. The RSI is rising in the bullish zone with the MACD turning up and positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week reversing higher off the 200 day SMA. The RSI is rising in the bullish zone with the MACD positive and turning higher. 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 heading into the September Quadruple Witching and Index Rebalancing week, saw equity markets showed strength with a rebound solid three day move higher to end the week.

Elsewhere look for Gold to pause in its pullback while Crude Oil tries to reverse higher. The US Dollar Index continues in the uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to consolidate while Emerging Markets move to new lows. The Volatility Index looks to pull back towards the normal zone making the path easier for equity markets to the upside.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week breaking support. It has a RSI falling in the bearish zone with the MACD negative and dropping. Look for continuation to participate…..

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week testing support after a pullback. The RSI is dropping in the bullish zone with the MACD falling. Look for continuation lower to participate….

General Mills, Ticker: $GIS

General Mills, $GIS, comes into the week pulling back from an all-time high. It has a RSI dropping in the bullish zone with the MACD crossed down. Look for continuation to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week pulling back from an all-time high. It has a RSI falling into the bearish zone with the MACD negative and dropping. Look for a break of support to participate…..

Zions Bancorporation, Ticker: $ZION

Zions Bancorporation, $ZION, comes into the week stalling in a bounce. The RSI is falling in the bearish zone with the MACD negative and falling. Look for continuation lower 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 April in the books, saw equity markets off to their worst start in over 80 years and in downtrends.

Elsewhere look for Gold to continue the short term pullback while Crude Oil consolidates in its uptrend. The US Dollar Index continues a strong move higher but is at resistance while US Treasuries continue to trend lower. The Shanghai Composite looks to bounce in its downtrend while Emerging Markets continue to trend lower.