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

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

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

Astrazeneca, $AZN, comes into the week pressing resistance at the 200 day SMA. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Costco, $COST, 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…

Visa, $V, 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…

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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, saw that equity markets showed a budding recovery from last week.

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 fall from the cusp of a break to the upside.

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

AIG, Ticker: $AIG

AIG, $AIG, comes into the week moving over resistance. It has a RSI rising into the bullish zone with the MACD positive. Look for continuation to participate…..

Allstate, Ticker: $ALL

Allstate, $ALL, comes into the week at resistance. It has a RSI rising over the midline with the MACD moving toward positive. Look for a push over resistance to participate…..

Anheuser-Busch InBev, Ticker: $BUD

Anheuser-Busch InBev, $BUD, comes into the week rounding out a bottom. It has a RSI rising and a MACD heading toward positive. Look for continuation to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week breaking resistance. It has a RSI rising to the bullish zone with the MACD climbing. Look for continuation to participate…..

HP, Ticker: $HPQ

HP, $HPQ, 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…..

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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 July Options Expiration week, equity markets showed early strength give way to rotation from large cap and tech names into small caps late in the week.

Elsewhere look for Gold to continue consolidation in the uptrend or break to new highs while Crude Oil consolidates in a tightening range. The US Dollar Index continues to drift to the downside in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move lower in consolidation while Emerging Markets have broken consolidation to begin an uptrend.

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

Allstate, $ALL, 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…

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

Edwards Lifesciences, $EW, comes into the week rounding up from a pullback. It has a RSI nearing the midline with the MACD curling up and negative. Look for continuation to participate…

General Dynamics, $GD, comes into the week poking above resistance. 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 coming into the end of the 3rd Quarter, saw equity markets look strong as they held up well in what historically was a soft seasonal environment just shy of record highs.

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 but need more convincing. The Shanghai Composite looks to continue the short term consolidation in 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:

Allstate, $ALL, 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…

Deere, $DE, comes into the week racing toward the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Honeywell, $HON, comes into the week approaching resistance. It has a RSI rising through the midline with the MACD negative. look for a push over resistance to participate…

Constellation Brands, $STZ, comes into the week at resistance. It has a RSI in the bullish zone with the MACD negative. Look for a push over resistance to participate…

UPS, $UPS, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD about to ross to 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 March in the books, saw equity markets take a beating as the first tariffs were enforced.

Elsewhere look for Gold to continue its consolidation just under all-time highs while Crude Oil drops in consolidation. The US Dollar Index continues to move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the consolidation while Emerging Markets consolidate in a broad messy chop.

Allstate, $ALL, comes into the week approaching resistance. It has a RSI rising in the bullish zone and attempting to make a higher high to end the momentum divergence in place since September. The MACD is crossing up into positive territory. The Bollinger Bands® are running sideways. There is no resistance above 198. Support lower is at 195.25 and 193 then 190.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 1.87% and has traded ex-dividend since August 30th.

The company is expected to report earnings next on February 5, 2025. The November options chain shows biggest open interest at the 180 put strike and the 195 and 210 call strikes. In the December chain open interest is spread from 190 to 150 on the put side and builds from 180 to a peak at 200 on the call side. The January chain has biggest open interest at the 170 and 155 put strikes and at 210 then 185 on the call side. The April chain, the fist covering the next earnings report, is just getting started.

Trade Idea 1: Buy the stock on a move over 198 with a stop at 190.50.

Trade Idea 2: Buy the stock on a move over 198 and add a December 195/190 Put Spread ($2.05) while selling the January 220 Call (95 cents).

Trade Idea 3: Buy the December/April 210 Call Calendar ($6.55) while selling the January 185 Put ($2.85).

Trade Idea 4: Buy the January 185/200/210 Call Spread Risk Reversal ($1.15).

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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 Presidential Election and November FOMC meeting in the rearview mirror, saw equity markets showed jubilation as they vaulted higher.

Elsewhere look for Gold to in 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 pullback. The Shanghai Composite looks to continue the move higher while Emerging Markets chop in their short term uptrend.

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

Allstate, Ticker: $ALL

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

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, comes into the week approaching the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Kraft Heinz, Ticker: $KHC

Kraft Heinz, $KHC, comes into the week rising toward resistance. It has a RSI moving up from the midline with the MACD crossed up. Look for a break of resistance to participate…..

TJX, Ticker: $TJX

TJX, $TJX, comes into the week moving toward the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

United Parcel Service, Ticker: $UPS

United Parcel Service, $UPS, comes into the week pushing on 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 March FOMC meeting in the books, saw equity markets showed strength moving higher despite the continued tone of rates staying higher for longer.

Elsewhere look for Gold to continue its consolidation in a bull flag at the highs while Crude Oil continues the messy uptrend. The US Dollar Index looks to drift to the upside in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term uptrend while Emerging Markets consolidate in a broad range.

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week falling to a 7 month low. The RSI is falling in the bearish zone with the MACD crossed down and negative. Look for continuation to participate…..

Allstate, Ticker: $ALL

Allstate, $ALL, comes into the week at the 200 day SMA. It has a RSI rising in the bullish zone with the MACD flat but positive. Look for a break higher to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week on support. It has a RSI dropping back below the midline with the MACD curling lower and negative. Look for a drop through support to participate…..

R1 RCM, Ticker: $RCM

R1 RCM, $RCM, comes into the week back at the November high. It has a RSI rising in the bullish zone and a MACD positive and moving higher. Look for a push over resistance to participate…..

Wells Fargo, Ticker: $WFC

Wells Fargo, $WFC, comes into the week pulling back from a higher high. It has a RSI dropping at the midline with the MACD crossed down and 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 February options expiration in the books, saw equity markets showing further weakness.

Elsewhere look for Gold to continue its move higher while Crude Oil consolidates pauses in its uptrend. The US Dollar Index continues to consolidate in a narrow range while US Treasuries pullback. The Shanghai Composite looks to continue the broad consolidation while Emerging Markets consolidate to move lower.