#$gtls

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

AbbVie, Ticker: $ABBV

AbbVie, $ABBV, comes into the week moving up to resistance. The RSI is rising with the MACD about to turn positive. Look for a push over resistance to participate…..

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, comes into the week moving up from support. It has a RSI rising and a MACD leveling and positive. Look for continuation to participate…..

Chart Industries, Ticker: $GTLS

Chart Industries, $GTLS, comes into the week nearing resistance. It has a RSI rising with the MACD trying to cross up. look for a push over resistance to participate…..

Universal Display, Ticker: $OLED

Universal Display, $OLED, comes into the week approaching resistance. It has a RSI in the bullish zone and a MACD moving up. Look for a push over resistance to participate…..

Terex, Ticker: $TEX

Terex, $TEX, comes into the week breaking through resistance. The RSI is bullish with the MACD rising. 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 with only 2 trading days left in February, saw equity markets showed some weakness as they reacted to a less sanguine Fed in their discussion of disinflation.

Elsewhere look for Gold to continue its short term pullback while Crude Oil consolidates in a tight range. The US Dollar Index continues to move to the upside while US Treasuries pullback in consolidation. The Shanghai Composite looks to continue to consolidate under resistance while Emerging Markets continue the move lower.

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, started higher in March and made a top in April as it retraced the drop. It fell back to the 200 day SMA from there and bounced. The past week it has built a bull flag. The RSI is drifting lower after tagging the bullish range and the MACD is flat and positive. Look for a break of the flag to participate…..

Arena Pharmaceuticals, Ticker: $ARNA

Arena Pharmaceuticals, $ARNA, started higher off of a low in March. it continued to a top in early June before pulling back to the 20 day SMA. Now it is turning back higher with a RSI flat in the bullish zone and the MACD flat and positive after resetting lower. Look for a push higher to participate…..

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, rose from a bottom in March and continued until the end of April. It paused then and reversed lower. Another bounce in May to a lower high later that month also fell back. That continued until last week when it ended with a reversal. The RSI is turning back higher with the MACD leveling but negative. Look for continuation to participate…..

Chart Industries, Ticker: $GTLS

Chart Industries, $GTLS, made a bottom in March and then started higher. It has continued to a top in June before pulling back. It ended last week moving higher though with the RSI rising in the bullish zone and the MACD about to cross up and positive. Look for continuation to participate…..

MongoDB, Ticker: $MDB

MongoDB, $MDB, started higher in March ending a waterfall move lower. It continued, reaching a top in early June. It pulled back from there to a higher lower and reversed 3 weeks ago. Now it is heading higher with the RSI into the bullish zone and the MACD crossing 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 which with just 2 trading days left in the first half of the year saw profit taking in equity markets and possibly more damaging activity.

Elsewhere look for Gold to possibly continue its move higher while Crude Oil consolidates in the uptrend. The US Dollar Index continues to drift in sideways motion while US Treasuries move higher in their consolidation. The Shanghai Composite looks to continue to mark time as well along with Emerging Markets.

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

Cummins, Ticker: $CMI

Cummins, $CMI, rose off of a December low and confirmed a break higher as it made a higher high in February. It continued to a top in April before a pullback that found support at the end of May. Another drive higher met resistance just after making a higher high and it has consolidated since. Friday saw it at the top of the consolidation with the RSI rising on the bullish zone and the MACD trying to cross up. Look for a push over resistance to participate…..

Chart Industries, Ticker: $GTLS

Chart Industries, $GTLS, started higher in December, reaching a peak in March. From there it consolidated and then pulled back, first to the 200 day SMA and then further. It has been consolidating the past 6 weeks under resistance with the RSI rising towards the bullish zone and the MACD moving higher. Look for a push over resistance to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, bounced off of a bottom in December and moved higher for 4 months. It pulled back then and made another charge to the upside, stalling at the gap down from December. Now it is moving lower still. The RSI is falling in the bearish zone with the MACD dropping and negative. Look for continuation to participate…..

Lam Research, Ticker: $LRCX

Lam Research, $LRCX, also rose from a December low, peaking at the end of April. It pulled back, finding support just above the 200 day SMA and consolidated until Thursday. That is when it broke consolidation to the upside. The RSI is rising and bullish with the MACD rising and positive. Look for continuation to participate…..

Lyft, Ticker: $LYFT

Lyft, $LYFT, started bleeding right after the first trade following its IPO. It finally bottomed in May 6 weeks later. Since then it has been recovering, and closed last week having retraced 50% of the drop. The RSI is rising and bullish with the MACD positive and moving higher. 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 saw the last week of Fed Speak and Options Expiration take a toll on equity markets as they suffered a down week.

Elsewhere look for Gold to pause in its uptrend while Crude Oil drives lower. The US Dollar Index remains stuck in a sideways consolidation while US Treasuries are pausing in their uptrend. The Shanghai Composite and Emerging Markets look to be consolidating sideways, the Shanghai Composite after a pullback and Emerging Markets in an uptrend.

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

AstraZeneca, Ticker: $AZN

AstraZeneca, $AZN, gapped down through its 200 day SMA in August last year. It quickly recovered back to the 200 day SMA and then gapped back above it in September. Since then it has made a series of marginally higher lows, using the 200 day SMA as support, and marginally higher highs. In a broad view it looks a lot like consolidation. Coming into the week the price is at the top of the range with the RSI rising in the bullish zone and the MACD positive and moving higher. Look for continuation to participate higher.....

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, rose from a base around the confluence of SMA's last summer, topping in October. It pulled back into the end of that month and found support. That level would act as support for 3 and a half months before a push higher in February. That second push has been breaking down and it is now approaching prior support. The RSI is falling and in the bearish zone with the MACD falling and negative. Look for a break of support to participate lower.....

Chart Industries, Ticker: $GTLS

Chart Industries, $GTLS, started higher in September, hitting an interim peak in January. It pulled back to its 100 day SMA and found support. The bounce from there made a higher high in February before another pullback, to a higher low. Then another move higher made a higher high and it has consolidated since. The RSI is holding in the bullish zone with the MACD level after resetting lower. Look for a push to a new high to participate.....

Hyatt Hotels, Ticker: $H

Hyatt Hotels, $H, started a prolonged move higher in August and reached a top in January. It pulled back from there to the 50 day SMA and found support. It has consolidated in a range between that top and support since, while crossing below the 100 day SMA last week. The RSI is falling and at the edge of the bullish zone while the MACD has turned down. Look for a break of support to participate lower.....

Progressive, Ticker: $PGR

Progressive, $PGR, started higher off of its 100 day SMA in September. It continued through to January before meeting resistance and pulling back to the 100 day SMA again. Another move higher met resistance 3 weeks ago and it pulled back, but found support more quickly and has consolidated since. The RSI is pressing down on the mid line with the MACD falling. Look for a break of support to follow lower.....

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 head into the new week sees the equity markets continuing to hold onto long term uptrends, consolidating in broader ranges. They also printed nearly identical weeks, ending lower.

Elsewhere look for Gold to continue to consolidate in a broad range while Crude Oil consolidates with a bias lower. The US Dollar Index looks to mark time sideways while US Treasuries consolidate with a bias higher. The Shanghai Composite returns after a short week stuck in a range at the February lows while Emerging Markets continue to build a bull flag at the highs.