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.

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

Albemarle, Ticker: $ALB

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

Amgen, Ticker: $AMGN

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week at an all-time high. It has a RSI in the bullish zone with the MACD lifting up off the signal line and positive. Look for continuation to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week at resistance and the 200 day SMA. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Merck, Ticker: $MRK

Merck, $MRK, comes into the week breaking over trend resistance. It has a RSI rising in the bullish zone with the MACD climbing 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 heading into the last week of the 1st Quarter, saw equity markets showed some strength in the face of increasing expectations for Fed moves and aggressiveness as well as continued war in Ukraine.

Elsewhere look for Gold to continue its move higher while Crude Oil also rebounds to the upside. The US Dollar Index continues to drift to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets may resume the downtrend.

Anthem, $ANTM, comes into the week at an all-time high and breaking a short term range. The Bollinger Bands® are opening higher as price pushes up. A first target would be a Measured Move higher equal to the move into the consolidation on the move up. This would be to about 510. 

The RSI is rising in the bullish zone with the MACD positive and moving higher. There is no resistance above. Support lower comes at 470 and 457 then 438. Short interest is low under 1%. The stock pays a dividend with an annual yield of 1.07% and begins trading ex-dividend Wednesday. The company is expected to report earnings next on April 19th. 

The March options chain shows little open interest but what there is focused at the 480 and 490 call strikes. The April chain is also light. The April 22 Expiry options cover the next earnings report but are just starting to trade. Finally, June options show biggest open interest at the 440 put and then down at 400. It is light on the call side and spread from 440 to 540.

Anthem, Ticker: $ANTM 

Trade Idea 1: Buy the stock on a move over 478 with a stop at 468.

Trade Idea 2: Buy the stock on a move over 478 and add an April 22 Expiry 470/455 Put Spread ($9.10) while selling the April 22 Expiry 510 Calls ($8.70).

Trade Idea 3: Buy the March/April 490 Call Calendar ($10.30) and sell the April 450 Puts ($11.10) .

Trade Idea 4: Buy the April 22 Expiry 455/480/510 Call Spread Risk Reversal ($1.10).

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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 one week into the conflict in the Ukraine saw the equity markets looking jittery and volatile.

It is not helping that it is also a time when the Fed Chairman is speaking before Congress just two weeks before what has been a widely anticipated shift to a tightening monetary policy cycle. Are we having fun yet?

Elsewhere look for Gold and Crude Oil to continue their moves higher toward all-time highs. The US Dollar Index also looks to continue to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in broad consolidation while Emerging Markets resumes its downtrend.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week at support after a pullback. The RSI is falling through the midline with the MACD dropping. Look for a drop through support to participate…..

ConocoPhillips, Ticker: $COP

ConocoPhillips, $COP, comes into the week pulling back from a top and making short term support. The RSI is dropping through the midline with the MACD turning down and about to go negative. Look for a push through support to participate…..

McKesson, Ticker: $MCK

McKesson, $MCK, comes into the week at support. The RSI is running lower with the MACD crossed down. Look for a break of support to participate…..

Old Dominion Freight Line, Ticker: $ODFL

Old Dominion Freight Line, $ODFL, comes into the week in consolidation over support. The RSI is trending lower with the MACD crossed down. Look for a break of support to participate…..

Regeneron Pharmaceuticals, Ticker: $REGN

Regeneron Pharmaceuticals, $REGN, comes into the week dropping to support. It has a RSI rolling lower with the MACD about to cross down. Look for a push through support 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 2 trading days left in November, saw equity markets  showing some degree of weakness in the short term.

Elsewhere look for Gold to consolidate after a pullback while Crude Oil pulls back from multi-year highs. The US Dollar Index continues to trend to the upside while US Treasuries consolidate. The Shanghai Composite looks to continue in broad consolidation while Emerging Markets extend losses in a downtrend.

The Volatility Index looks to remain elevated making the path more difficult for equity markets to the upside. Their charts remain mixed with the SPY and QQQ stronger than the IWM. For the strong ones, they continue to look stronger on the longer timeframe. On the shorter timeframe both the QQQ and SPY are resetting momentum measures and at risk for more pullback.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week at resistance after a shallow pullback. The RSI is strong in the bullish zone with the MACD flat after a pullback and positive. Look for a push over resistance to participate…..

Activision Blizzard, Ticker: $ATVI

Activision Blizzard, $ATVI, comes into the week after breaking resistance and moving into the gap. The RSI is rising with the MACD curling back higher. Look for continuation to participate…..

BorgWarner, Ticker: $BWA

BorgWarner, $BWA, comes into the week approaching resistance. It has the RSI rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate….

JB Hunt, Ticker: $JBHT

JB Hunt, $JBHT, comes into the week at resistance. The RSI is rising in the bullish zone with the MACD level after a pullback. Look for a push over resistance to participate…..

Momentive Global, Ticker: $MNTV

Momentive Global, $MNTV, comes into the week breaking short term resistance. The RSI is rising in the bullish zone with the MACD curling to cross up 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 heading into the November options expiration week, equity markets showed resilience reversing an early week plunge.

Elsewhere look for Gold to continue its new uptrend while Crude Oil consolidates at the recent highs. The US Dollar Index also looks to continue its breakout higher while US Treasuries consolidate in their bounce. The Shanghai Composite looks to continue to churn sideways while Emerging Markets consolidate in a bull flag over long term support.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, stalled as it reclaimed the 200 day SMA in March. It consolidated until October then and finally moved to the upside into November. After a pullback it retested the top and then dropped back to the 200 day SMA. It launched higher in February, making a new high and then had a mild pullback to the 20 day SMA. Now it is moving higher. The RSI is also moving back higher with the MACD slowing as it resets lower. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, paused at the 200 day SMA as it rose from the pandemic low. It consolidated and then made a move to a new high in September. It pushed against that 3 times before making a new high in at the end of last year. It pulled back to the 200 day SMA and then reversed. Now it is consolidating with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, made a top in December and then pulled back in a rounded fashion. It is now moving higher and at resistance with the RSI in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, went through a consolidation in from August to November before making a high in January. Since then it has consolidated in a symmetrical triangle. It pushed above that last week with the RSI rising in the bullish zone and the MACD positive and climbing. Look for continuation to participate…..

Union Pacific, Ticker: $UNP

Union Pacific, $UNP, pulled back to the 200 day SMA from a top in October. It bounced and moved back to that top and eventually broke higher in the New Year. After another pullback to a higher low, it is now in consolidation at the prior high. The RSI is in the bullish zone and the MACD is rising. 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 April options expiration and earnings season, sees equity markets continue to show strength with the large cap stocks leading the way.

Elsewhere look for Gold to continue its short term move to the upside while Crude Oil continues to consolidate its long move higher. The US Dollar Index may continue to pullback in its uptrend while US Treasuries bounce in their downtrend. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets digest lower after their move higher.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, rose off a March low and continued to a top in June. It pulled back and consolidated and then eventually rose to again into October. It has a RSI in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, has marched higher, making higher highs and higher lows since March. It comes into the week at resistance with the RSI rising in the bullish zone and the MACD slowly moving higher. Look for a push over resistance to participate…..

3M, Ticker: $MMM

3M, $MMM, bottomed in March and then started higher. It made a high in June and pulled back to a consolidation zone. It ran higher again to a top in September before another pullback. Now it is back at that September high. The RSI is rising in the bullish zone with the MACD lifting. Look for a push over resistance to participate…..

PayPal, Ticker: $PYPL

PayPal, $PYPL, had a nearly straight line move higher to a top in early September. It pulled back and then found support in the middle of the month before reversing higher. It is now near resistance with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

Ulta Beauty, Ticker: $$ULTA

Ulta Beauty, $$ULTA, rose from a March low and met resistance after crossing the 200 day SMA in June. After pulling back and finding support it has made a series of higher lows. It is now at resistance with the RSI rising in the bullish zone and the MACD positive and moving higher. 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 October options expiration in the books, saw equity markets had lost a bit of energy as they approached the highs.

Elsewhere look for Gold to continue to consolidate in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues in a short term move to the upside while US Treasuries consolidate at support. The Shanghai Composite looks to consolidate as well while Emerging Markets move higher.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, pulled back from a top in June. When it reversed in July it met resistance at a lower high and fell back. It made a lower low last week but ended with a strong reversal. The RSI is moving back higher and the MACD is leveling and positive. Look for continuation to participate…..

Dollar Tree, Ticker: $DLTR

Dollar Tree, $DLTR, gapped higher in May to reach a top. It pulled back from there to close the big gap and found support. It reversed from there to make a higher high in August before another pullback. Last week it found support again and started to turn back higher. The RSI is also reversing to the upside with the MACD crossing up. Look for continuation to participate…..

IDEXX Laboratories, Ticker: $IDXX

IDEXX Laboratories, $IDXX, bottomed in March, printing a Morning Star Reversal pattern. It continued higher from there to a top at the end of July. After a minor pullback it retested the top and failed again, pulling back to a low last week. It reversed by the end of the week and is at short term resistance. The RSI is rising back towards the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

UPS, Ticker: $UPS

UPS, $UPS, gapped higher after reaching the February high in July. It continued higher to a consolidation zone and has settled there since. It ended last week moving to the top of the zone with the RSI rising in the bullish zone and the MACD turning to cross up. Look for a push over resistance to participate…..

Workday, Ticker: $WDAY

Workday, $WDAY, confirmed a double bottom in April and continued higher to retake the February high in July. It stalled there and consolidated until a gap up and run higher at the end of August. It pulled back from there and found support last week. It reversed higher and is now at short term resistance. The RSI is turning higher in the bullish zone with the MACD turning to cross up. 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 only 3 trading days left in the 3rd Quarter, sees equity markets continuing to show weakness.

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