#$bmy

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

Bristol-Myers Squibb, $BMY, comes into the week rounding out a bottom. It has a RSI rising toward the midline with the MACD crossed up. Look for continuation to participate…

FedEx, $FDX, comes into the week at resistance. It has a RSI at the midline with the MACD negative but rising. Look for a push over resistance to participate…

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

JP Morgan, $JPM, 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…

Mastercard, $MA, 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 that saw with April in the books and the FOMC meeting next week, equity markets signaled that the bottom is in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil resumes a new downtrend under support. The US Dollar Index remains in a short term downtrend, failing to continue a reversal, while US Treasuries consolidate the downtrend. The Shanghai Composite looks to continue to consolidate in a tight range while Emerging Markets are poised for more upside in broad consolidation nearing resistance.

Bristol Myers Squibb, $BMY, comes into the week poking over resistance. The Bollinger Bands® are squeezing, often a precursor to a move. The RSI is rising in the bullish zone with the MACD level after a pullback and positive. There is resistance at 63 and 64.50 then 66.50 and 68 before 69 and 71. Support lower is at 58.75 and 57 then 55. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 4.06% and will start trading ex-dividend on April 4th.

The company is expected to report earnings next on April 24th. The April options chain shows biggest open interest at the 55 strike on the put side then 50. On the call side it is biggest at 62.50 then 60 and 65. In the May chain, open interest is biggest at the 57.50 and 55 put strikes and is spread from 60 to 67.50, biggest at 62.50, on the call side. Finally, the June chain sees open interest spread from 60 to 35 on the put side, biggest at 45. On the call side it is spread from 57.50 to 67.50, biggest at both ends.

Trade Idea 1: Buy the stock on a move over 61.50 with a stop at 58.75.

Trade Idea 2: Buy the stock on a move over 61.50 and add an April 60/55 Put Spread ($1.15) while selling the June 67.50 Call (94 cents).

Trade Idea 3: Buy the April/May 65 Call Calendar ($1.05) while selling the May 55 Put (91 cents).

Trade Idea 4: Buy the June 55/62.50/67.50 Call Spread Risk Reversal (75 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 the March FOMC meeting and options expiration in the books, saw equity markets shifted to stability after 3 weeks of downward price action.

Elsewhere look for Gold to continue its ascent into space while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index looks to have found support in its drift lower while US Treasuries look weaker in their consolidation. The Shanghai Composite looks to digest the recent move higher while Emerging Markets consolidate in a narrow range.

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week consolidating just under the all-time high. It has a RSI rising in the bullish zone with the MACD flat and positive. look for a push over resistance to participate…..

Bank of America, Ticker: $BAC

Bank of America, $BAC, comes into the week at a 2 year high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week trying to reverse higher. It has a RSI climbing out of oversold with a MACD curling up. Look for continuation to participate…..

BP, Ticker: $BP

BP, $BP, comes into the week at short term resistance. It has a RSI at the midline with the MACD crossing up. Look for a push over resistance to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, 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 equity markets showing some signs of weakness following divergences last week.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil consolidates in a narrow range after a pullback. The US Dollar Index continues to drift to in broad consolidation while US Treasuries continue their downtrend. The short term move higher in the Shanghai Composite looks to be at risk of reversing while Emerging Markets enter a short term downtrend.

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

Bristol-Myers Squibb, $BMY, comes into the week rounding up out of a pullback below the 100 day SMA. It has an RSI clinging to the lower edge of the bullish zone as it tries to rise higher with the MACD negative but curling to cross up to positive. There is resistance at 57.50 and 60 before 60.50 and 62. Support lower sits at 56 and 54.50 then 54. Short interest is low at 1.5%. The stock please the dividend with an annual yield of 4.42% and has traded ex dividend since April 2nd.

The company is expected to report earnings next July 30th. The June options chain has the biggest open interest at the 52.5 put strike then the 55 put. On the call side it is biggest by far at the 62.50 call strike. In the July chain open interest as biggest at the 52.50 put and on the call side at the 57.50 and 62.50 call strikes. Finally, in the August chain, open interest is just getting started and light on the put side.  On the call side it is biggest at the 60 strike.

Trade Idea 1: Enter long on move over 57.25 with a stop at 55.25.

Trade Idea 2: Enter long on move over 57.25 and add a June 55 Put (98 cents) while selling an August 62.50 Call (99 cents).

Trade Idea 3: Buy the June/July 60 Call Calendar (65 cents) while selling the June 52.50 Put (35 cents).

Trade Idea 4: Buy the August 52.50/60/65 Call Spread Risk Reversal (11 cents).

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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 May options expiration in the rearview mirror and heading into the last week before the long weekend and unofficial start of summer, equities continue to act strong, tacking on more new all-time highs but failing to close out the week at highs. This ends the streak of Friday all-time high closes at four.

Elsewhere, look for Gold to continue walking the fence between a downtrend and digestion in the uptrend while Crude Oil bounces around in broad consolidation over $100/bbl near the top of the range. The US Dollar Index looks to continue to higher in broad consolidation while US Treasuries continue to test support and a possible continuation of their downtrend. The Shanghai Composite looks to continue a short term uptrend new 11 year highs while Emerging Markets digest the new highs in their uptrend.

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

Bristol-Myers Squibb, $BMY, comes into the week pushing over short term resistance in what might be the early phase of a reversal. It has a RSI rising into the bullish zone with the MACD crossed up but negative. There is resistance at 46.50 and 47.75 then 49.25 and 50.75 before 51.50. Support lower is at 45.75 and 44.75. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 5.38% and has traded ex-dividend since October 3rd.

The company is expected to report earnings next on February 5th. The November options chain shows highest open interest at the 45 and then 44 put strikes and at the 50 strike on the call side followed by 45. The December chain is biggest at the 40 and 45 put strikes and at 50 on the call side. In the January chain open interest is largest at the 45 and 40 put strikes and at the 50 then 55 call strikes. Finally, the March chain has biggest open interest at the 45 then 40 put strikes and on the call side at the 50 strike.

Trade Idea 1: Buy the stock on a move over 46.50 with a stop at 44.75.

Trade Idea 2: Buy the stock on a move over 46.50 and add a December 46/43 Put Spread ($1.25) while selling the January 50 Call ($1.21).

Trade Idea 3: Buy the November/January 50 Call Calendar (99 cents) while selling the December 43 Put (86 cents).

Trade Idea 4: Buy the January 40/48/50 Call Spread Risk Reversal (11 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 following the FOMC meeting and Powell’s unexpected caution that a December rate cut was not inevitable, equity markets brushed it aside and focused on the good earnings reports to hold at all-time highs.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves lower again in consolidation. The US Dollar Index continues to drift to the upside consolidation rounding out a bottom, while US Treasuries hold at the breakout higher in their consolidation, continuing to tease of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets also continue their uptrend at 4 year highs.

Bristol Myers Squibb, $BMY, comes into the week at resistance. The Bollinger Bands® have squeezed in and are now opening higher. The RSI is rising in the bullish zone with the MACD positive and curling to cross up. There is resistance at 50.50 and 51.50 then 52.50 and 54.50 before 56 and 57.50. Support lower sits at 49.50 and 47.50 then 46.50. Short interest is low at 1.4%. The stock pays a dividend with an annual yield of 4.80% and has traded ex-dividend since July 5th. 

The company is expected to report earnings next on October 31st. The September options chain shows open interest building from 50 to a peak at 47 on the put side. On the call side it is biggest at 50 then 46. The October chain has biggest open interest at 50 and 43 on the put side while it is biggest at 55 on the call side. In the November chain, covering earnings, the 38 and then 46 put strikes have biggest open interest. On the call side it is biggest at 49 and tails to 57.50.

Bristol Myers Squibb, Ticker: $BMY

Trade Idea 1: Buy the stock on a move over 50.50 with a stop at 48.50.

Trade Idea 2: Buy the stock on a move over 50.50 and add an October 48/45 Put Spread (70 cents) while selling the November 57.50 Calls (40 cents).

Trade Idea 3: Buy the September/November 52.50 Call Calendar ($1.20) while selling the October 46 Put (45 cents).

Trade Idea 4: Buy the October 45/52.50/55 Call Spread Risk Reversal (19 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 heading into the unofficial end of summer and with August in the books, saw equity markets show a preference for some rest after the 3 week move higher.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tightening range. The US Dollar Index continues to bounce to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support in a possible start of a new uptrend.

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

Ally Financial, Ticker: $ALLY

Ally Financial, $ALLY, comes into the week at resistance. The RSI is in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Comerica, Ticker: $CMA

Comerica, $CMA, comes into the week moving higher. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week breaking resistance. It has a RSI is the bullish zone with the MACD crossed down but positive. Look for continuation to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week approaching resistance. It has a RSI at the midline with the MACD negative and crossing up. 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 First Quarter of the year in the books, saw equity markets exhibited strength.

Elsewhere look for Gold to continue its uptrend while Crude Oil builds on its move higher. The US Dollar Index continues to drift to the upside in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to reverse the short term uptrend while Emerging Markets consolidate in a broad range.

Bristol-Myers Squibb, $BMY, comes into the week looking to reverse higher. It has trended lower since a double top printed at the end of last year. As it bottomed just over a week ago it printed very large volume, the highest in 18 months, a possible capitulation. Friday the move higher signaled a tradeable bottom. The RSI is rising out of oversold territory with the MACD curling toward a cross up. There is resistance at 54 and 56 then 57.50 and 58.50 before 59.75. There is support at 52 and no interest in holding this if it falls below 50.75. Short interest is low at 1.3%. The stock pays a dividend with an annual yield of 4.32% and has traded ex-dividend since October 5th. 

The company is expected to report earnings next on February 2, 2024. The November options chain has biggest open interest at the 55 and 57.50 put strikes above and at the 57.50 call. In the December chain small open interest is spread from 65 to 50 on the put side and moderate size is found at the 52.50 and 55 call strikes. The January chain has biggest open interest at the 57.50 and then 65 put strikes and at the 80 and 82.50 calls. Finally, the March chain shows biggest open interest at the 50 then 45 put, and the 60 then 725 and 62.50 calls.

Bristol-Myers Squibb, Ticker: $BMY

Trade Idea 1: Buy the stock on a move over 53.25 with a stop at 50.75.

Trade Idea 2: Buy the stock on a move over 53.25 and add a November 52.50 Put (59 cents) while selling the March 60 Call (57 cents).

Trade Idea 3: Buy the December/January 57.50 Call Calendar (27 cents) and sell the December 50 Put (37 cents).

Trade Idea 4: Buy the March 45/55/60 Call Spread Risk Reversal (85 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 2 months left in the year, saw equity markets showing strength with a strong rebound after a weak October.

Elsewhere look for Gold to continue to consolidate at the highs while Crude Oil enters a short term downtrend. The US Dollar Index is in a possible reversal lower while US Treasuries bounce in their downtrend. The Shanghai Composite and Emerging Markets both look to continue their bounces in their downtrends.