#$afrm

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

Affirm, $AFRM

Affirm, $AFRM, comes into the week rising above consolidation. It has an RSI in the bullish zone and the MACD positive and crossed up. Look for continuation to participate…

Dexcom, $DXCM

Dexcom, $DXCM, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive period look for a pushover resistance to participate…

Gilead Sciences, $GILD

Gilead Sciences, $GILD, comes into the week approaching resistance. It has an RSI at the edge of the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…

Old Dominion Freight Lines, $ODFL

Old Dominion Freight Lines, $ODFL, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive period look for a push over resistance to participate…

UPS, $UPS

UPS, $UPS, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD rising 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 the month of May in the books and heading into a non-farm payroll week, saw equities continue to show strength, printing more new all-time highs.

Elsewhere, look for Gold to continue walking the fence between a downtrend and digestion in the uptrend while Crude Oil bounces around in tightening consolidation around $100/bbl but near a change of character to a downtrend. The US Dollar Index looks to continue to drift higher in broad consolidation while US Treasuries continue to test support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue digestion in the short term uptrend while Emerging Markets make new highs in their uptrend.

The Volatility Index looks to continue lower in the normal zone, giving a tailwind to equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe with a 9th positive week for the SPY. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong, with all printing all-time highs to start the week and then again Thursday. The SPY and QQQ ended with a 3rd record while the IWM was just short of joining them. Use this information as you prepare for the coming week and trad’em well.

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

Affirm, $AFRM, 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…

Fortinet, $FTNT, comes into the week breaking resistance into the gap. It has a RSI near the bullish zone with the MACD rising. Look for continuation to participate…

Ingersoll Rand, $IR, comes into the week breaking resistance. It has a RSI rising over the midline with the MACD positive. Look for continuation to participate…

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

Tapestry, $TPR, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a move 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 coming out of a week with the FOMC meeting and Quadruple Witching, saw equity markets continue to look rock solid, making new highs in the index ETFs across the board.

Elsewhere, look for Gold to continue the uptrend to new highs while Crude Oil drifts in consolidation. The US Dollar Index continues to run sideways in consolidation, while US Treasuries may be in the early stages of reversing their downtrend. The Shanghai Composite looks to continue the uptrend to new 10 year highs while Emerging Markets also continue their uptrend at 4 year highs.

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

Affirm, $AFRM, 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…

Chewy, $CHWY, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD rising. Look for continuation to participate…

Chipotle Mexican Grill, $CMG, comes into the week rounding up from a bottom. It has a RSI rising and a MACD crossed up. Look for continuation to participate…

Thermo Fisher Scientific, $TMO, 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…

Tractor Supply, $TSCO, 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 August options expiration in the books and heading into the Jackson Hole Fed Conference, saw equity markets looking strong, holding up in the face of worse than expected inflation reports.

Elsewhere, look for Gold to continue in consolidation 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 continue the rise to the top of the broad consolidation area while Emerging Markets continue their uptrend.

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

Affirm, Ticker: $AFRM

Affirm, $AFRM, comes into the week approaching resistance. It has a RSI rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week rounding out of a pullback. IT has a RSI rising through the midline with the MACD crossing up. Look for continuation to participate…

Abercrombie & Fitch, Ticker: $ANF

Abercrombie & Fitch, $ANF, comes into the week approaching resistance. It has a RSI near the bullish zone with the MACD positive. Look for a push over resistance to participate…

Arm, Ticker: $ARM

Arm, $ARM, 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…

Exact Sciences, Ticker: $EXAS

Exact Sciences, $EXAS, 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 inflation reports behind us, saw that equity markets showed strength, the SPY ending at an all-time high.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to reverse lower while Emerging Markets consolidate the start of an uptrend.