#$gxp

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

Adobe Systems, Ticker: $ADBE

Adobe Systems, $ADBE, gapped higher in October and then continued to move up. It pulled back after Thanksgiving to the 50 day SMA and then rode the 50 day SMA for a month before making another move higher. A small gap up last week was sold to close the gap and then Friday it started back up again. The RSI is bullish and a bit overbought with the MACD leveling. Look for a new high to participate higher.....

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, started higher in September, crossing its 200 day SMA near the end of the month. It pulled back to retest the 200 day SMA twice before riding the 50 day SMA off of it and then leaping higher in December. The run continued to a top in January and then pulled back. It was a shallow pullback and now the price is back at that top with a RSI bullish and rising and a MACD about to cross up. Look for a new high to participate to the upside.....

Walt Disney, Ticker: $DIS

Walt Disney, $DIS, ran higher in early 2017 to a top at the end of April. The pullback from there retraced nearly 78.6% of the leg higher and found support. It started back higher in November and for the last month has consolidated against resistance. Friday it made it back to that resistance from a higher low as the range tightens fast. The RSI is rising in the bullish range and the MACD is trying to turn up. Look for a push over resistance to participate higher.....

E*TRADE, Ticker: $ETFC

E*TRADE, $ETFC, was a big winner in the top 10 when it broke higher at the end of November. It consolidated at 50, the round number, for a month after that before another move to the upside and a top last week. It reported earnings last Thursday and took a hit to the stock price Friday. But the price action was bullish intraday, printing a hollow red candle. The RSI has reset lower out of technically overbought territory and the MACD has crossed down. Look for a follow through day to the upside Monday to participate higher.....

Great Plains Energy, Ticker: $GXP

Great Plains Energy, $GXP, had a solid run higher in 2017. Over 3 moves it ran from a low of 27 to a high over 34.50. The pullback that started in December continued until it reached the 200 day SMA again and then it found support. It has held there consolidating since. It ended last week at the top of the consolidation range and over the 20 day SMA for the first time since the move down started. The RSI is now rising and the MACD has crossed up. Look for a move over resistance 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 heading into the last days of January sees equity markets continue to drive higher and running hot.

Elsewhere begins look for Gold to continue in its uptrend while Crude Oil drives higher as well. The US Dollar Index continues to look weak and better to the downside while US Treasuries are biased lower in consolidation. The Shanghai Composite and Emerging Markets are poised to continue to make new highs.

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

CME, Ticker: $CME

CME, $CME, ran higher after the November election, but then met resistance in December. Since then it has moved mainly sideways in a broad range. Three weeks ago it made a possible double top and started back lower. But that stalled short of confirming the top and has settled sideways. If it holds this would be a higher low after a higher high, an uptrend. The RSI is turning back up and remains in the bullish zone with the MACD leveling in its fall. Look for a push up off of support to participate.....

Fifth Third, Ticker: $FITB

Fifth Third, $FITB, pulled back slightly into the election and then exploded to the upside. That move slowed in December and stalled into the New Year. It started pulling back kin March and crossed its 200 day SMA in May, bottoming in June. Since then it has been trending higher. Last week it ended a retrenchment in the uptrend Friday with a push higher. The RSI turned up as well but the MACD is still falling. Look for continuation to participate higher.....

Great Plains Energy, Ticker: $GXP

Great Plains Energy, $GXP, went through a bottoming process from August to February. As it rounded out of that it made a higher high and then came back to retest the 200 day SMA in May. Another higher high and then a retest at the 50 day SMA sees it moving higher again. Friday it pushed into new high territory again. It has support for more upside from a rising and bullish RSI and a MACD that is also rising. Look for continuation to participate higher.....

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, had a solid run higher from November through to a peak at the end of April. Since then it pulled back over May and bottomed at the beginning of June. Rounding up it is now back approaching the April high. The RSI is bullish and rising while the MACD is crossed up and rising. Look for continuation to participate higher.....

Oshkosh, Ticker: $OSK

Oshkosh, $OSK, drove higher quickly after the election. It settled almost as fast into a sideways consolidation and stuck there through April. The last two months saw tightening consolidation and then a pop out of a symmetrical triangle that failed to the upside after 2 days. That reversed lower to the 200 day SMA and it found support. The bounce stalled at the beginning of July and then pulled back to the 200 day SMA before rebounding again. Now it is at resistance with a rising and bullish RSI and MACD crossed up. Look for a push over resistance 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 with July Options Expiry and 1 full week of earnings behind them, sees the Index ETF's looking strong and ready to move higher.

Elsewhere look for Gold to continue in its uptrend while Crude Oil pulls back lower in the short run within the longer term drift higher. The US Dollar Index continues to weaken and move lower while US Treasuries strengthen and move higher. The Shanghai Composite continues to drift up while Emerging Markets move higher with strength.

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

Aetna, Ticker: $AET

Aetna, $AET, started higher from its 200 day SMA in February. It rose until it reached the prior high from December and then started a pull back. That met the 50 and 100 day SMA's last week and found support. Friday saw a turn to the upside suggesting a possible reversal. The RSI is turning back up in the bullish zone while the MACD is starting to level as it falls. Look for continuation higher to participate in more upside.....

Great Plains Energy, Ticker: $GXP

Great Plains Energy, $GXP, rounded out of a pullback in February and started higher. It stalled as the calendar turned to March and has consolidated since. Friday saw it move back to the top of consolidation. The RSI is moving back higher in the bullish zone while the MACD is trying to turn back and cross up. Look for a push through consolidation to participate to the upside.....

Hartford Financial, Ticker: $HIG

Hartford Financial, $HIG, has been in a mainly sideways motion since December. Reaching a peak in Mid-March, it fell hard and fast, finding support around 46.50. Last week it rounded up out of that support, suggesting a reversal. The RSI is about to push through the mid line while the MACD is heading for a cross up. Look for continuation to participate to the upside.....

Louisiana-Pacific, Ticker: $LPX

Louisiana-Pacific, $LPX, broke up out of a flat consolidation in February. After a quick move higher it fell back into consolidation and has been there for the last 6 weeks. Friday saw a move to the top of the range with the Bollinger Bands® opening to allow a move higher. The RSI is rising in the bullish zone with the MACD trying to cross up. Look for a break over resistance to participate higher.....

Newfield Exploration, Ticker: $NFX

Newfield Exploration, $NFX, started pulling back in December and after two steps down, found support in March. It confirmed a double bottom reversal last week and is now at the top of that consolidation range. The RSI is back over the mid-point and rising while the MACD is crossed up and rising, approaching positive levels. Look for a push over the resistance level 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 with the first Quarter in the books, saw equity markets trying to brush off the recent pullback and start higher.

Elsewhere look for Gold to consolidate in the short run while Crude Oil continues higher. The US Dollar Index looks better to the upside for the coming week while US Treasuries remain in their consolidation range. The Shanghai Composite looks to continue to drift higher, trying to separate with long term levels and Emerging Markets continue to move higher.