#$gdot

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

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, ran up to a consolidation zone this summer. It eventually broke to the upside and made a high in October. Now it has pulled back to that prior consolidation and the 100 day SMA and finding support. The RSI is rising in toward the bullish zone with the MACD crossing up but negative. Look for a continued move higher to participate…..

Globus Medical, Ticker: $GMED

Globus Medical, $GMED, rose to fill the gap down from January as it peaked in May. It has found resistance at that same level 4 times since and sits there now. The RSI is rising in the bullish zone with the MACD moving higher. Look for a push over resistance to participate…..

Howmet Aerospace, Ticker: $HWM

Howmet Aerospace, $HWM, jumped higher 2 weeks ago and has been consolidating since. The RSI is strong in the bullish zone with the MACD rising and bullish. Look for a break of consolidation higher to participate…..

Kraft Heinz, Ticker: $KHC

Kraft Heinz, $KHC, ran from a March low to a top in August. It rolled over from there, finding support in September. It has formed resistance since then and comes into the week pressed against it. The RSI is rising toward the bullish zone with the MACD lifting off of zero. Look for a push over resistance to participate…..

Twitter, Ticker: $TWTR

Twitter, $TWTR, ran from a bottom in March to a top at the end of October. It gapped down from there and found support at the 100 day SMA and bounced. It has consolidated under resistance since with the RSI rising in the bullish zone and the MACD about 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 heading into the shortened holiday weekend sees equity markets have paused to catch their breath.

Elsewhere look for Gold to continue in consolidation while Crude Oil continues a short term uptrend in a broad range. The US Dollar Index looks to consolidate at the bottom of a broad range while US Treasuries are showing a possible reversal higher. The Shanghai Composite looks to continue to mark time moving sideways while Emerging Markets move higher in an uptrend.

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

Abbott Labs, Ticker: $ABT

Abbott Labs, $ABT, started higher in consolidation in May, breaking out in July. It continued to a peak at the end of September. Since then it pulled back to the 100 day SMA and bounced, eventually retesting the high at the end of November. It has pulled back from there now and is approaching support. The RSI is falling and bearish with the MACD negative and moving lower. Look for a break of support to participate.....

Ciena, Ticker: $CIEN

Ciena, $CIEN, started moving higher off of its 200 day SMA in June. It met resistance and pulled back in July to the 100 day SMA. There it reversed and pushed over resistance gapping higher at the end of August. After consolidating that move for nearly two months it has been making a series of higher lows forming trend support. The RSI is pulling back in the bullish zone with the MACD crossed down. Look for a reaction at support to participate.....

Deere, Ticker: $DE

Deere, $DE, ended a pullback in May and started on a long wide channel. It was defined by the May top and bottom and aside from 2 one day overthrow reversals has been in the range ever since. It is moving lower in the channel now with the RSI falling and the MACD turning negative. Look for continuation to participate.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped up in May and quickly consolidated. it made a run higher in June that fell back to retest the consolidation and then continued back to a top in September. Another pullback added significance to the support zone and it made another push to a new high in November. Since then it has been moving lower and ended the week at support. The RSI is falling and the MACD is negative and dropping. Look for a break through support to participate.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, had been moving lower until it bounced at the end of October. The bounce hit the 200 day SMA and then started back lower. Last week the drop moved into the gap with the RSI falling and bearish and the MACD negative and moving lower. 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 Christmas shortened week sees equities looking the worst they have in at least 2 years.

Elsewhere look for Gold to continue in its uptrend while Crude Oil continues the path lower. The US Dollar Index continues to mark time moving sideways while US Treasuries are biased higher short term. The Shanghai Composite and Emerging Markets have resumed their downtrends.

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

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, had been moving steadily higher until the end of September. Since the calendar turned to October it has fallen back and comes into the week near the 200 day SMA. The RSI is oversold and started to turn up Friday while the MACD is falling. A bounce Monday gives a reason to participate to the upside.....

Occidental Petroleum, Ticker: $OXY

Occidental Petroleum, $OXY, rose up from a March low and ran to a high in May. It consolidated there for over 3 months before pulling back into august. More consolidation was followed by a push back higher into the end of September. But that failed at a lower high and it is now back at support and the 200 day SMA. The RSI is turning back up and the MACD falling and now negative. Look for a push back higher to participate to the upside.....

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, started higher in July out of consolidation. It continued to a top at the end of September before pulling back. Friday it showed signs of a reversal as it reached the August low and neared the 100 day SMA. The RSI has turned back up after being oversold and the MACD is falling and negative. Look for continuation to participate higher.....

PayPal, Ticker: $PYPL

PayPal, $PYPL, made a top in September and then started to roll lower. It continued through the 200 day SMA last week, finally finding support Thursday and bouncing. The RSI also bounced out of oversold territory with the MACD starting to level. Look for continuation to the upside to participate higher.....

United States Cellular, Ticker: $USM

United States Cellular, $USM, rose from a low in July, into consolidation through August and September. It then started higher again and is consolidating again. The RSI is rising and bullish with the MACD moving higher. Look for continuation to participate to the upside.....

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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 saw that the equity markets had their worst week and deepest correction since the February and March pullbacks.

Elsewhere look for Gold to rise in the short term while Crude Oil pulls back in its uptrend. The US Dollar Index continues to mark time sideways while US Treasuries are bouncing in their downtrend. The Shanghai Composite looks weak as it makes 4 year lows and Emerging Markets may be ready to reverse their downtrend.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts show short term trend changes to the downside and are close to longer term trend changes as well. The IWM is now over 11% off its high and looking the worst, while the QQQ has bounced after dropping more than 10%. The SPY also bounced, after a smaller 8% pullback. Use this information as you prepare for the coming week and trad'em well.

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

Apple, Ticker: $AAPL

Apple, $AAPL, started a move higher off of a June low and accelerated into August. It found a top at the end of the month and has consolidated in a descending triangle ever since. It has a RSI that is now rising in the bullish zone with the MACD about to cross up and positive. Look for a break of the triangle to participate higher.....

General Dynamics, Ticker: $GD

General Dynamics, $GD, had a sharp and fast pullback at the end of April. It bounced into May and the fell back to a lower low in the end of June. Since then it retested resistance and pulled back to a higher low and then ran back to resistance again. Last week it had an even shallower pullback before reversing to end the week at resistance. The RSI is rising and bullish and the MACD is turning up. Look for continuation to participate.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped up in May and has looked strong since. In August it moved higher off of a pullback to the 50 day SMA and consolidated when it made a new high. Two weeks ago it started up again and then digested that move last week. Friday it started higher again. The RSI is moving back up and bullish and the MACD is about to cross up and positive. Look for continuation to participate higher.....

Veeva Systems, Ticker: $VEEV

Veeva Systems, $VEEV, went through a long consolidation in the second quarter before expanding to a higher range-bound channel into the 3rd quarter. It broke that to the upside in August and ran to a higher consolidation in September. Last week it broke that to the upside. It has a RSI that is bullish and rising with a MACD turning to cross up. Look for continuation to participate.....

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, has had many sideways consolidations in a long term trend higher. It started to move up out of the latest one at the end of last week. The RSI is rising and bullish and the MACD is crossed up and rising. Look for continuation to participate higher.....

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 as the books are closed on the 3rd Quarter, sees the equity markets taking a breather after making recent new highs.

Elsewhere look for Gold to continue lower in its downtrend while Crude Oil drives higher. The US Dollar Index may be ready to reverse higher while US Treasuries have bounced again at support and are now rising. The Shanghai Composite is also building a possible reversal higher while Emerging Markets continue to fall in a channel.

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

Conagra, Ticker: $CAG

Conagra, $CAG, has been in a broad sideways consolidation since December. With the latest move over the 200 day SMA it has been tightening against support over the last month. And last week it was at the top of the range with the RSI rising and then MACD moving up and positive. Look for a push over the early August high to participate....

Comerica, Ticker: $CMA

Comerica, $CMA, moved higher to a top in March. Since then it has consolidated sideways near $100 with a brief pullback to the 200 day SMA in July. It has held in a tight range at the top of consolidation since the beginning of August and ended the week at the top. The RSI is rising in the bullish zone with the MACD about to cross up again and positive. Look for a push over resistance to participate.....

Cummins, Ticker: $CMI

Cummins, $CMI, has had a rough go of it since peaking in January. With two major legs lower, it made a bottom in early July and has been trying to recover since. Last week it made a higher low and ended at resistance. The RSI is rising and bullish with the MACD crossing up and positive. Look for a push over resistance to participate.....

Costco, Ticker: $COST

Costco, $COST, started to move higher off of its 100 day SMA in April. In May it made a higher high and continued up using the 20 day SMA as support. It has been consolidating the last month under resistance and making higher lows against it. The RSI is rising and bullish with a MACD positive and about to cross up. Look for a push over resistance to participate.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped higher in May and then consolidated. It started to move up again at the end of June, finding resistance in late July. It pulled back to the 20 day SMA from there and bounced before the latest push higher. Friday it broke over the July high. It has a RSI rising in the bullish zone with the MACD moving higher. 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 August options expiration over and back to school on its way sees the equity markets continuing to look strong on the longer timeframes.

Elsewhere look for Gold to continue lower while Crude Oil joins it heading to the downside. The US Dollar Index may pause in its uptrend while US Treasuries drift higher in broad consolidation. The Shanghai Composite and Emerging Markets are looking really weak as they print multi-year lows and continue lower.

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

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, pulled back from a top in October finding support in November. It bounced from there to just over the 200 day SMA and then retreated again. The range then held with a brief trip over the 200 day SMA in March. In May the consolidation tightened to a symmetrical triangle and it broke that to the upside in June. A retest last week and Friday's reversal make it interesting. The RSI is moving up in the bullish zone with the MACD avoiding a cross down. Look for continuation to participate higher.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, gapped higher in May and then consolidated the move. It then pushed higher again into June but fell back at the end of the month. The drop brought it back to the 50 day SMA and it prior support. Friday it confirmed a reversal off of support. It has a RSI that is also turning back higher after holding in the bullish zone during the pullback but the MACD is still falling. Look for continuation to participate.....

Generac Holdings, Ticker: $GNRC

Generac Holdings, $GNRC, ran higher fast to a top at the beginning of November. It pulled back in a shallow arc at first and then to the 200 day SMA in March. It consolidated in a range then for 2 months before moving higher. Three weeks ago it retested the January high and pulled back to a higher low. Last week it started higher again. The RSI is rising in the bullish zone and the MACD is turning to cross up and positive. Look for continuation to participate higher.....

Meet Group, Ticker: $MEET

Meet Group, $MEET, started moving higher in April. It crossed the 200 day SMA in May and continued to a top in June. This is at the gap down level from August last year. The RSI is holding after pulling back from an overbought condition and the MACD is leveling. Look for a push over resistance to participate.....

Nutrien, Ticker: $NTR

Nutrien, $NTR, started to pullback from a top in January, finding a bottom in February. It bounced to a lower high and then fell back. It consolidated and confirmed a double bottom on a move over the April high with a gap up in May. It stalled at the March bounce high and retreated to a higher low. Since then it has pushed through resistance and is approaching the January high. The RSI is bullish and rising with the MACD flat and positive. Look for continuation to participate higher.....

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 as we close the books on the 2nd Quarter and prepare for a holiday shortened 4th of July week, sees that the equity markets look to have run out of gas. Maybe the short week will re-energize them. All there indexes had a positive quarter with the IWM just out pacing the QQQ, 7.9% to 6.5% and the SPY gaining 3.1%. The QQQ won the month up 0.9% to the 0.6% for the IWM and the SPY eked out a 0.1% gain. The monthly candles all look toppy with long upper shadows, while the quarterly candles are all looking strong.

Elsewhere Gold looks as it may pause in its downtrend while Crude Oil continues to race higher. The US Dollar Index is pausing in its uptrend while US Treasuries are on the edge of a break out to the upside. The Shanghai Composite may be ready to pause in its downtrend while Emerging Markets are setting up for a possible reversal higher. Volatility looks to remain low but above recent levels keeping the wind at the backs of the equity markets but the breeze blowing softer.

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

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, pulled back from a high in October to support and consolidated for over 3 months. After a quick touch at the 200 day SMA, it then started higher, finding resistance in the middle of February. It pulled back from there, through prior support and kept going lower until finding support at the end of April. It has consolidated since under resistance. Friday saw it back at that resistance with the RSI rising near the mid line and the MACD moving up toward zero. Look for a push over resistance to participate higher.....

Deere, Ticker: $DE

Deere, $DE, started higher in August last year, reaching a peak in February. It pulled back from there in a channel through the 200 day SMA and finding support in early March. Since then it has made two legs higher, with short bull flags following them. A third leg is about to begin. The RSI is rising and bullish with the MACD moving up and positive. Look for continuation to participate higher.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, consolidated under resistance for 4 months before breaking to the upside. It held the break, consolidating for 6 weeks before dropping back and closing the gap. Another 6 weeks of consolidation and then it gapped higher to a new all-time high in May. Since it has consolidated in a bull flag. The RSI is in the bullish zone and has pulled back from an overbought condition. The MACD is also pulling back from an extreme. Look for a break of the flag to the upside to participate higher.....

Intel, Ticker: $INTC

Intel, $INTC, started to move higher in September last year. It was fast and steady at first but then got choppy from November. Recently it has been consolidating under resistance. The RSI is steady in the bullish zone with the MACD flat but positive. Look for a break higher to participate.....

Sealed Air, Ticker: $SEE

Sealed Air, $SEE, pulled back from a top in January, finding support at the September low. It rose to the 200 day SMA from there and then retested the low in March. Since then it has made a higher high and a higher low at the 50 day SMA. Last week it moved up to another higher high. The RSI is rising and bullish with the MACD positive and moving up. Look for continuation to participate higher.....

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After reviewing over 1,000 charts, I have found some good setups for the week. This week's list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into Memorial Day Weekend, the unofficial start of summer, sees equity markets remaining in consolidation.

Elsewhere look for Gold to possibly confirm a reversal higher while Crude Oil pulls back hard in the uptrend. The US Dollar Index looks to continue to move to the upside while US Treasuries race higher in the short term. The Shanghai Composite looks to have resumed the downtrend and Emerging Markets continue to hold over support, marking time.

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

Akamai Technologies, Ticker: $AKAM

Akamai Technologies, Ticker: $AKAM, started higher in August and progressed in a steady trend higher. In December it gapped up and then started to move sideways. it pulled back in early February to the 50 day SMA and then reversed again to the upside. It ended last week breaking through resistance to a new 52 week high. The RSI is rising and bullish with the MACD also moving higher. Look for continuation to participate.....

Activision Blizzard, Ticker: $ATVI

Activision Blizzard, $ATVI, lifted off its 200 day SMA in December and then rose out of a long consolidation. It made a top at the end of January and pulled back touching the 50 and then 100 and SMA's, before reversing back higher. Now it is back at the prior high with the RSI in the bullish zone and the MACD rising. Look for a break through to participate higher.....

Comerica, Ticker: $CMA

Comerica, $CMA, rose off of a bottom in September and stepped higher. It has pulled back to find support at the 50 day SMA a couple of times along the way, with the latest being in February. Last week it had a minor pullback and then closed with a strong move higher Friday. The RSI is in the bullish zone and the MACD is avoiding a cross down. Look for continuation to participate higher.....

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, went through a long move higher that turned into consolidation in November. It continued sideways for 3 months before a dip lower and then rebound up to the prior consolidation. It gapped higher 2 weeks ago and came back to retest the break out last week, holding over it. Friday saw a stronger candle, boding for a reversal higher. The RSI is bullish and rising with the MACD moving up. Look for a move higher to participate.....

Nutrien, Ticker: $NTR

Nutrien, $NTR, has only been trading for 2 months, the result of a merger, but with price history implied moving backward. The stock took a dive following the merger and then quickly recovered, only to plummet into early February. Since then though it has found support and moved back higher. It consolidated last week after the quick move higher with the RSI turning up toward the bullish zone and the MACD rising. Look for a break higher to participate.....

After reviewing over 1,000 charts, I have found some good setups for the week. This week's list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which as the calendar turns to March sees the equity markets again looked weak only to finish with a strong Friday, like February 9th.

Elsewhere look for Gold to continue to consolidate in a broad range while Crude Oil may pause in its short term downtrend. The US Dollar Index continues to consolidate sideways while US Treasuries are consolidating after their move lower. The Shanghai Composite is biased to the downside short term and Emerging Markets look to tighten their broad consolidation at the recent top.