#$clx

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

Air Products, $APD, comes into the week rounding out of a pullback. It has a RSI in the bullish zone with the MACD curling to cross up. Look for continuation to participate…

Clorox, $CLX, comes into the week pressing through resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Fedex, $FDX, 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…

Graco, $GGG, 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…

Prudential Financial, $PRU, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break 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 November options expiration in the books, saw equity markets show some weakness as they reacted to Chairman Powell’s comments about not being in a hurry to cut rates.

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

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week approaching resistance. It has a RSI rising at the midline with the MACD crossed up but negative. Look for a push over resistance to participate…..

BP, Ticker: $BP

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

Clorox, Ticker: $CLX

Clorox, $CLX, comes into the week at resistance. It has a RSI rising and the MACD crossing up. Look for a push over resistance to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week pressing against resistance. It has a RSI moving into the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Zions Bancorporation, Ticker: $ZION

Zions Bancorporation, $ZION, comes into the week approaching resistance. The RSI is 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 January options expiration, saw equity markets showed strength, rising close to a test of important resistance.

Elsewhere look for Gold to continue to move higher while Crude Oil consolidates in a tightening range. The US Dollar Index continues to move to the downside while US Treasuries come closer to an uptrend reversal. The Shanghai Composite looks to possibly shift to an uptrend while Emerging Markets confirm an uptrend.

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

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week pressing against resistance in a bull flag. The RSI is rising in the bullish zone with the MACD leveling and positive. Look for a push through resistance to participate…..

BP, Ticker: $BP

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

Clorox, Ticker: $CLX

Clorox, $CLX, comes into the week pushing above resistance. It has a RSI rising in the bullish zone with the MACD lifting and positive. Look for continuation to participate…..

Chevron, Ticker: $CVX

Chevron, $CVX, comes into the week moving higher towards resistance. It has a RSI rising in the bullish zoner and a MACD crossing up and positive. Look for continuation to participate…..

Northrop Grumman, Ticker: $NOC

Northrop Grumman, $NOC, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD crossed up and rising. Look for a push through 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 May in the books, saw equity markets remain in downtrends.

Elsewhere look for Gold to pullback while Crude Oil may resume the uptrend. The US Dollar Index continues to the upside while US Treasuries trend lower. The Shanghai Composite looks to continue lower while Emerging Markets trend to the downside.

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

Clorox, Ticker: $CLX

Clorox, $CLX, comes into the week pressing higher off the 20 day SMA. It has a RSI rising in the bullish zone and a MACD positive and turning to cross up. Look for continuation to participate….

Eaton, Ticker: $ETN

Eaton, $ETN, comes into the week at resistance. It has a RSI rising into the bullish zone and a MACD positive and climbing. look for a push over resistance to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week at short term resistance. The RSI is rising in the bullish zone with the MACD positive and moving up. Look for a push over resistance to participate…..

PPG, Ticker: $PPG

PPG, $PPG, comes into the week at resistance with the RSI in the bullish zone and the MACD positive and rising. Look for continuation higher to participate…..

Unilever, Ticker: $UL

Unilever, $UL, comes into the week near resistance as it pushes higher. The RSI is rising in the bullish zone with the MACD positive and moving up. 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. As the books close on 2021, equity markets posted a good year for tech and large caps while small caps marked time the entire year.

Elsewhere look for Gold to continue its rise in consolidation while Crude Oil continues a short term move higher. The US Dollar Index looks to consolidate in the uptrend while US Treasuries churn in a range sideways. The Shanghai Composite looks to continue broad consolidation while Emerging Markets continue the downtrend.

Clorox, $CLX, has bounced around in a $25 range for the past 15 months. it moved off the bottom of that range at the end of November and stalled as it hit what has been both resistance and support since July. A pull back to the 20 day SMA and it reversed to enter the week back at resistance. The 200 day SMA has also joined the mix. A push over the top would give a target to 159, still short of the top of the range. 

The RSI is rising in the bullish zone with the MACD moving higher and positive. The Bollinger Bands® are also shifting higher. There is resistance at 153.60 and 156 then 158 and 160 before 162.25 and 165. Support lower comes at 152 and 150 then 147 and 145. Short interest is moderate at 6.5%. The company is expected to report earnings next on February 3rd. the stock pays a dividend, currently yielding 2.76%, and will begin trading ex-dividend on January 28th. 

The January options chain shows the biggest open interest at the 145 put strike with some size at the 150 put as well. On the Call side it is big from 150 to 160. The February 7 Expiry is just starting to build open interest. The February regular options chain is biggest at the 155 call. The April chain has biggest open interest from 150 to 170 on the call side.

Clorox, Ticker: $CLX

Trade Idea 1: Buy the stock on a move over 154 with a stop at 152.

Trade Idea 2: Buy the stock on a move over 154 and add a February 7 Expiry 152.50/145 Put Spread ($2.80) while selling the April 165 Calls ($1.75).

Trade Idea 3: Buy the January/February 160 Call Calendar ($1.40) while selling the February 7 Expiry 145 Put ($1.30).

Trade Idea 4: Buy the February 145/155/160 Call Spread Risk Reversal for 30 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 just 2 trading days left in the decade saw equity markets showing signs of tiring after a long run higher.

Elsewhere look for Gold to continue its move higher while Crude Oil joins it on the path higher. The US Dollar Index looks to continue to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets move higher over long term resistance.

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

Ashland, Ticker: $ASH

Ashland, $ASH, confirmed a Hammer reversal in May with a gap higher. It continued to a top in the summer. It started to pull back in September, breaking its 200 day SMA before finding support and bouncing. It rose to a lower high earlier this month and has digested the move in a bull flag since. Friday saw signs of breaking the flag to the upside. The RSI is moving back higher in the bullish zone and the MACD level and positive. Look for continuation to participate.....

Clorox, Ticker: $CLX

Clorox, $CLX, rose from a bottom in April, and paused to consolidate in September. It broke that consolidation to the upside in November and has kept going, ending last week with a brief pause. The RSI is rising and bullish and the MACD is avoiding a cross down. Look for new highs to participate.....

McDonald's, Ticker: $MCD

McDonald's, $MCD, topped after a strong run at the end of January. It pulled back and sat there, just over 150 for the next 8 months. Then it started higher again in September, retesting the high and pausing in October before continuing. It is pulling back now with the RSI falling in the bullish zone and the MACD crossed down and falling. Look for continuation to participate.....

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, made a high on a spike at the end of July. It moved lower from there, accelerating into a bottom in October. It bounced and stalled into November, and has been consolidating since. The RSI is stuck around the mid line with the MACD flat at zero. Look for a break out to participate....

Sealed Air, Ticker: $SEE

Sealed Air, $SEE, consolidated for 4 months just under its 200 day SMA, ending in August with a move lower. It bounced but then dropped further to a low in October. Since then it has bounced and ran back to its 50 day SMA. It consolidated there for a few days until starting higher again Friday. The RSI is rising and bullish with the MACD rising and positive. Look for continuation to participate.....

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 Thanksgiving behind and the holiday shopping season in full swing saw the price action in the equity markets casting a dark shadow over the festivities.

Elsewhere look for Gold to continue in its uptrend while Crude Oil continues to move lower. The US Dollar Index is resuming its move higher while US Treasuries are reversing to the upside. The Shanghai Composite may also be reversing higher while Emerging Markets continue to pause in their downtrend.

Volatility remains elevated and has an upward bias which is keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts all look weak on the shorter timeframe, with the QQQ the worst under the October lows and nearing the February lows. The IWM is nearing 12 month support while the SPY sits at the October low. Use this information as you prepare for the coming week and trad'em well.

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EARNING UPDATE $CLX The Clorox Company for quarter ending q_Jun18 – Revenue fell but Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on CLX [lwa][/s2If][s2If current_user_can(access_s2member_level0)]The Clorox Company reported earnings (EPS) of 1.66 per share for the quarter ending q_Jun18. This is vis-vis 1.37 per share for the previous quarter ending q_Mar18, a growth of 21.2 %. Compared to last year same quarter (q_Jun17), earnings grew…

$CLX 2018-08-14 : Transcripts- Edited Transcript of CLX earnings conference call

[s2If !current_user_can(access_s2member_level0)] Please login to read the transcript. [lwa] [/s2If][s2If current_user_can(access_s2member_level0)]”

Q4 2018 Clorox Co Earnings Call

Oakland Aug 15, 2018 (Thomson StreetEvents) — Edited Transcript of Clorox Co earnings conference call or presentation Thursday, August 2, 2018 at 5:30:00pm GMT

TEXT version of Transcript

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