#$ice

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

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week at resistance. It has a RSI rising at the midline with the MACD crossed up. Look for a push over resistance to participate…..

Salesforce, Ticker: $CRM

Salesforce, $CRM, comes into the week at resistance. It has a RSI rising with the MACD crossed up. Look for a push over resistance to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, 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…..

Honeywell, Ticker: $HON

Honeywell, $HON, comes into the week after breaking yearlong resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, 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 June quadruple witching in the books in the books, saw equity markets a bit gassed after a good start.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil moves higher in consolidation. The US Dollar Index continues the short term move to the upside while US Treasuries continue their short term move higher in the secular downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets look to be on the verge of breaking consolidation to the upside.

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

APA, $APA, comes into the week approaching resistance at a nearly 2 year high. It has RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Fidelity National Information Services, $FIS, comes into the week at resistance in a recovery. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participate…

Fastly, $FSLY, comes into the week consolidating under resistance. It has a RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Intercontinental Exchange, $ICE, comes into the week at resistance. It has a RSI moving into the bullish zone with the MACD positive. Look for a push over resistance to participate…

Ringcentral, $RNG, 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 heading into the second week of the military operations against Iran, saw equity markets succumbing to the combination of global unrest and uncertainty about the future of further rate cuts.

Elsewhere, look for Gold to continue to consolidate between $5000 and $5240 digesting the long move up while Crude Oil continues higher in a new uptrend. The US Dollar Index looks to continue to show some strength but hold under resistance in consolidation while US Treasuries hold in the upper end of the consolidation zone. The Shanghai Composite looks to continue consolidation in the uptrend while Emerging Markets pullback in their uptrend.

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

Cognizant Technology Solutions, $CTSH, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Expedia, $EXPE, comes into the week rounding up from a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Intercontinental Exchange, $ICE, comes into the week at resistance. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participate…

Royal Bank of Canada, $RY, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Thermo Fisher Scientific, $TMO, 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 November options expiration in the rearview mirror, saw equity markets showed continued jitters, with mixed messaging from the Fed and the first Government data, the September jobs report.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the upside, toward a breakout, while US Treasuries continue in consolidation, sputtering the possible reversal higher. The Shanghai Composite looks to continue the uptrend after some digestion from the 10 year highs while Emerging Markets stall in their uptrend putting it at risk.

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

Costco, Ticker: $COST

Costco, $COST, comes into the week breaking short term resistance. It has an RSI rising into the bullish zone with the MACD crossed up and heading toward positive. Look for continuation to participate…..

WW Grainger, Ticker: $GWW

WW Grainger, $GWW, 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…..

Hartford Financial Services, Ticker: $HIG

Hartford Financial Services, $HIG, comes into the week rising off the 20 day SMA. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

RTX, Ticker: $RTX

RTX, $RTX, comes into the week moving up toward 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 August in the books, sees equity markets showing resilience with a rebound from an ugly start induced by growing narrative of recessionary fears.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a narrowing range. The US Dollar Index continues to drift in broad consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets consolidate under long term resistance.

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

Dollar Tree, Ticker: $DLTR

Dollar Tree, $DLTR, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for continuation to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week breaking resistance. It has a RSI rising toward the bullish zone with the MACD crossed up but negative. Look for continuation to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

Jabil, Ticker: $JBL

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

Visa, Ticker: $V

Visa, $V, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat and 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 May options expiration week, saw equity markets stalled and chopped around in narrow ranges.

Elsewhere look for Gold to consolidate in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues in consolidation with perhaps a drift to the upside while US Treasuries consolidate in the bounce. The Shanghai Composite looks to continue in consolidation as well while Emerging Markets consolidate too.

Intercontinental Exchange, $ICE, parent of the NYSE, comes into the week reversing higher after retracing nearly 61.8% of the move from the pandemic low to the top in November. The volume on the last leg down preceding the turn was massive, indicating capitulation. The RSI has turned and is working up from deep in oversold territory. The MACD is leveling and negative. These are all good conditions for a possible reversal higher. 

There is resistance at 99.50 and 103 then 105 and 107.50 before 109.50 and 114 then 117, a 50% retracement of the drop. Support lower is at 93.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 1.55% and will begin trading ex-dividend on June 14th. The company is expected to report earnings next on August 4th. 

The May options chain shows the biggest open interest at 135 and the 110 on the put side. It is spread from 135 to 145 on the call side. The June chain has biggest open interest at the 100 the 105 put strikes and above at the 130 and 145 call strikes. The September options have biggest open interest at the 125 and 85 put strikes and at the 130 and 140 calls.

Intercontinental Exchange, Ticker: $ICE

Trade Idea 1: Buy the stock on a move over 99.50 with a stop at 93.50.

Trade Idea 2: Buy the stock on a move over 99.50 and add a June 95/90 Put Spread ($1.55) while selling the September 120 Call (85 cents).

Trade Idea 3: Buy the June/September 110 Call Calendar ($2.60) and sell the June 90 Put ($1.55).

Trade Idea 4: Buy the September 85/105/115 Call Spread Risk Reversal (10 cents).

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 May options expiration week, saw equity markets showed a strong finish to a week that began really weak and fearful, giving hopes for the worst being over.

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates for a possible move higher. The US Dollar Index continues to the upside while US Treasuries may see a bounce in their downtrend. The Shanghai Composite looks to continue the bounce in its downtrend while Emerging Markets continue to trend lower.

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

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week back at resistance with the Bollinger Bands® opening after a squeeze. The RSI is holding in the bullish zone with the MACD leveling but positive. Look for a push over resistance to participate…..

Crocs, Ticker: $CROX

Crocs, $CROX, started higher in April with a gap up and quickly met resistance. It has been consolidating since. The RSI is rising in the bullish zone with the MACD turning to cross up and positive. Look for a push over resistance to participate…..

Generac, Ticker: $GNRC

Generac, $GNRC, comes into the week at short term resistance. The RSI is rising in the bullish zone and the MACD is positive and moving higher. Look for a break of resistance to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, popped out of a symmetrical triangle and stopped short of the target $11 move to 126. It pulled back and comes into the week pressuring resistance with the RSI moving higher and the MASCD crossed up. Look for a move over resistance to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, made a top in May and then pulled back into consolidation. It comes into the week at resistance with the RSI driving higher and the MACD curling 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 June options expiration week, saw equity markets revving their engines and heating up as they drift around all-time highs.

Elsewhere look for Gold to consolidate around 1900 while Crude Oil breaks higher. The US Dollar Index remains consolidating from the downtrend while US Treasuries started a nascent move to the upside. The Shanghai Composite looks to continue to consolidate the break higher while Emerging Markets stick in broad consolidation over the long term range.