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

Advanced Micro Devices, $AMD, 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…

Cboe Global, $CBOE, 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…

Capital One Financial, $COF, 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…

Illumina, $ILMN, 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…

Microsoft, $MSFT, comes into the week at short term 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 earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets continue their break to the upside.

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

Abbvie, Ticker: $ABBV

Abbvie, $ABBV, 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…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week moving higher. It has a RSI at the midline with the MACD crossing up. Look for continuation to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, 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…..

3M, Ticker: $MMM

3M, $MMM, 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 which with the first week of June in the books, saw equity markets were mixed with the large caps and tech heavy Nasdaq showing renewed strength while small caps continue to flounder.

Elsewhere look for Gold to continue to consolidate the long move higher while Crude Oil moves lower in a consolidation range. The US Dollar Index continues in broad consolidation while US Treasuries continue their long term downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets continue the short term move lower in a consolidation channel.

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

Check Point Software Technologies, Ticker: $CHKP

Check Point Software Technologies, $CHKP, comes into the week breaking resistance. The RSI is in the bullish zone with the MACD positive. Look for continuation to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week approaching resistance. It has a RSI rising through the midline with the MACD curling up but negative. Look for a push over resistance to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week breaking resistance. The RSI is rising with the MACD, both approaching the bullish zone. Look for continuation to participate…..

Packaging Corporation of America, Ticker: $PKG

Packaging Corporation of America, $PKG, 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…..

Teck Resources, Ticker: $TECK

Teck Resources, $TECK, 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 which with the September quad witching options expiration in the books and heading into next week’s FOMC meeting, saw equity markets had a weak close out after holding firm.

Elsewhere look for Gold to continue to consolidate under 2000 while Crude Oil continues the trend higher. The US Dollar Index continues to drift to the upside toward a break out while US Treasuries trend lower. The Shanghai Composite looks to continue the trend lower while Emerging Markets continue in broad consolidation.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is in the bullish zone with the MACD falling but bullish. Look for a push over resistance to participate…..

Air Products, Ticker: $APD

Air Products, $APD, comes into the week at resistance. The RSI is in the bullish zone with the MACD bullish. Look for a push over resistance to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week near resistance. The RSI is trending higher with the MACD rising but negative. Look for a push over resistance to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week at resistance. The RSI is in the bullish zone with the MACD flat and bullish. Look for a push over resistance to participate…..

Capital One, Ticker: $COF

Capital One, $COF, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD falling but bullish. 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 one trading day left in July saw that equity markets showed resilience, holding up and improving in a week with rate hikes from Fed and ECB and slight loosening of the band for rates in Japan.  

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the top of broad range. The US Dollar Index continues to bounce in the downtrend while US Treasuries continue their trend lower. The Shanghai Composite looks to continue the pullback in broad consolidation while Emerging Markets continue a short term move higher.

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

Citigroup, Ticker: $C

Citigroup, $C, comes into the week pressing on resistance. It has a RSI rising at the midline with the MACD crossing up. Look for a push over resistance to participate…..

Capital One, Ticker: $COF

Capital One, $COF, comes into the week testing resistance. It has RSI rising at the midline with the MACD crossed up. Look for a push over resistance to participate…..

ConocoPhillips, Ticker: $COP

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

General Electric, Ticker: $GE

General Electric, $GE, comes into the week pressing at resistance. It has a RSI holding over the midline with the MACD crossing to positive. Look for a push over resistance to participate…..

Gilead, Ticker: $GILD

Gilead, $GILD, comes into the week at resistance. It has a RSI turning back up with a MACD leveling after a pullback. Look for a push through 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 2022 in the books, saw equity markets had their worst year since 2008 and the 7th worst in the last 96 years. Good Riddance 2022!

Elsewhere look for Gold to potentially build an uptrend while Crude Oil moves in a short term uptrend. The US Dollar Index continues in a downtrend while US Treasuries resume their downtrend. The Shanghai Composite looks to continue the short term consolidation while Emerging Markets consolidate.

Capital One, $COF, comes into the week after printing a shooting star doji candlestick Friday. This signals indecision, a possible reversal, at the 61.8% retracement of the post pandemic move higher. It also made a lower low, below the June low, and is outside of the Bollinger Bands®. To confirm the reversal, it would need a move over 95, and preferably a gap up open over 95 and run higher. 

The RSI is near oversold with the MACD negative and dropping. The current trend remains lower. There is resistance at 98.50 and 102 then 105.25 and 110 before 113. Support lower comes at 92.35 and then 90.50 followed by 83 and a gap to fill to 79.25. The stock pays a dividend with an annual yield of 2.56% and has traded ex-dividend since August 5th. The company is expected to report earnings next on October 24th. 

The October 7 Expiry and October 14 Expiry options chain show decent spreads but little open interest. The October monthly chain shows biggest open interest at the 90 put. The November chain has biggest open interest at the 100 strike then 90 and 80 on the put side, and smaller at the 105 call.

Capital One, Ticker: $COF

Trade Idea 1: Buy the stock on a move over 95 with a stop at 93.

Trade Idea 2: Buy the stock on a move over 95 and add an October 92.50/90 Put Spread ($1.35) while selling the October 101 Call ($1.75).

Trade Idea 3: Sell the stock short on a move under 92 with a stop at 95.

Trade Idea 4: Buy the October 14 Expiry 92/88/85 broken wing Put Butterfly ($1.65).

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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 one week of trading left in the 3rd Quarter, saw equity markets continue to get pummeled as they re-approach the lows of the year following the September FOMC meeting.

Elsewhere look for Gold to continue its downtrend while Crude Oil continues lower as well. The US Dollar Index continues to push to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the trend lower while the Emerging Markets downtrend persists.

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

Advanced Micro Devices, Ticker: $AMD

Advanced Micro Devices, $AMD, comes into the week pressing up to resistance. It has a RSI rising into the bullish zone and a MACD positive and rising. Look for a push over resistance to participate…..

Check Point Software Technologies, Ticker: $CHKP

Check Point Software Technologies, $CHKP, comes into the week pressing up to resistance and the gap from April. The RSI is rising toward the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance. The RSI is poking into the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week at support. It has a RSI turning lower with the MACD leveling and negative. Look for a break of support to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week at resistance. It has a RSI rising toward the bullish zone with the MACD pushing 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 heading into the second week of June and the last week before the next FOMC meeting, saw equity markets take a breather, digesting the strong finish to the prior week.

Elsewhere look for Gold to pause in its short term move higher while Crude Oil drives towards a retest of the March highs. The US Dollar Index continues to hold just below resistance while US Treasuries move lower. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue their downtrend.