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

Aflac, $AFL, comes into the week over short term resistance. It has an RSI in the bullish zone and the MACD positive and rising. Look for continuation to participate…

Five Below, $FIVE, comes into the week approaching resistance. It has an RSI in the bullish zone and the MACD about to cross to positive. Look for a push over resistance to participate…

Jazz Pharmaceuticals, $JAZZ, comes into the week approaching resistance. It has an RSI in the bullish zone and the MACD positive. Look for a push over resistance to participate…

Murphy USA, $MUSA, comes into the week approaching resistance. It has an RSI and a bullish zone and a MACD positive. Look for a push over resistance to participate…

Prudential Financial, $PRU, comes into the week moving over resistance. It has an RSI in the bullish zone with the MACD positive. 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 July options expiry in the rearview mirror and heading deep into earnings season, saw equity markets seeming to be a bit unsettled as the high correlation between the indexes slightly unraveled.

Elsewhere, look for Gold to continue the downtrend but with Crude Oil reversing to the upside. The US Dollar Index looks to continue to hold at the top of the 15 month range while US Treasuries continue to threaten to break down through support in consolidation. The Shanghai Composite looks to continue the confirmation of a reversal to a downtrend while Emerging Markets hang on by a thread in their uptrend.

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

Arch Capital, Ticker: $ACGL

Arch Capital, $ACGL, comes into the week at resistance. It has a RSI moving into the bullish zone and a MACD lifting. Look for a push over resistance to participate…..

Arconic, Ticker: $ARNC

Arconic, $ARNC, comes into the week moving through resistance. The RSI is rising towards the bullish zone with the MACD about to cross to positive. Look for continuation to participate…..

Burlington Stores, Ticker: $BURL

Burlington Stores, $BURL, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, 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…..

KBR, Ticker: $KBR

KBR, $KBR, comes into the week at an all-time high. The RSI is rising in the bullish zone and the MACD is positive. 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 April Options Expiration in the books, saw equity markets with more weakness.

Elsewhere look for Gold to continue its uptrend while Crude Oil pulls back in its uptrend. The US Dollar Index continues to move to the upside while US Treasuries continue to trend lower. The Shanghai Composite looks to continue a short term trend lower while Emerging Markets resume their downtrend.

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

Fastenal, Ticker: $FAST

Fastenal, $FAST, gapped higher in October and then went into a 3½ month consolidation. Now it is approaching support with the RSI falling to the bearish zone with the MACD dropping and negative. Look for a push under support to participate…..

Flowserve, Ticker: $FLS

Flowserve, $FLS, bounced off of a bottom in August, stalling on a gap fill in September. It turned lower again but found support at a higher low and reversed. After making a higher high in early November it has consolidated. The RSI is falling into the bearish zone with the MACD falling and negative. Look for a break of support to participate…..

Garmin, Ticker: $GRMN

Garmin, $GRMN, started higher in August, and after a gap up in October fell into consolidation. It made an attempt to push higher last month but fell back and is nearing support. The RSI is falling through the mid line with the MACD crossed down and dropping. Look for a break of support to participate…..

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, started higher off of a low in October. It continued to a peak in November and then settled into consolidation. The price is testing the bottom of consolidation with the RSI falling to the bearish zone and the MACD dropping and negative. Look for a break of support to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, started moving higher again in November and reached a top last month. It pulled back and bounced then started a second step down at the end of last week. The RSI is falling toward the bearish zone with the MACD crossed down and falling. Look for continuation under support 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 the first month of the year in the books, saw equity markets had finally stalled and started to retrace after a long strong run in the 4th Quarter and into January.

Elsewhere look for Gold to continue to move higher while Crude Oil tests the lower end of a broad consolidation channel. The US Dollar Index looks better to the downside while US Treasuries head towards the all-time highs. The Shanghai Composite looks to re-open with a bias lower compounded by a week of pent up news while Emerging Markets continue a short term downtrend.

Ricky Ford – Hard Groovin (Full album)

Hard Groovin’ is an album by saxophonist Ricky Ford which was recorded in 1989 and released on the Muse label.

John Plonsky Quintet – Cool Man Cool (1957)

“The 1950s are a gold mine of lost trumpeters. No matter how many times I comb discographies, I come across another solid horn player whose name is likely unfamiliar to many jazz fans. On Monday I posted about Johnny Glasel and his Brasstet. Today, I’m looking at John Plonsky and his sole leadership album, Cool Man Cool (1957).

First, a little background on Plonsky. Little is known about the tumpeter, but here’s what I could piece together from a bit of online research. Plonsky seems to have begun his career on the West Coast. In 1945, at age 19, he wrote arrangements for Ray Bauduc, the drummer for the Bob Crosby Orchestra who formed a short-lived big band with saxophonist Gil Rodin rigth after World War II. In 1946, Plonsky recorded four sides with Charles Mingus in Los Angeles.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, pulled back from a top in January to the 100 day SMA. It bounced there, returning to the prior high but stalled out again. Another pullback to a higher low saw consolidation through April and now a move higher. It is finding resistance with the RSI rising in the bullish zone and the MACD moving up and positive. Look for a push through resistance to participate higher.....

Honeywell, Ticker: $HON

Honeywell, $HON, ended a long run higher in January that began before the Presidential election. It started to pullback in choppy waves, breaking through the 200 day SMA at the beginning of April. The bounce to a lower high pulled back to find support at the same low and then reversed higher again. Last week it consolidated in a bull flag at the 200 day SMA. The RSI is trying to rise up off of the mid line and the MACD is now positive and rising. Look for a push over resistance to participate higher.....

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, started moving higher at the beginning of the year. The initial push was strong and then it fell back to the 50 day SMA. Subsequent moves have made higher highs and pulled back to the SMA's, also making higher lows. The latest move has brought the price to 2 1/2 year high. The RSI is rising and bullish with the MACD moving up. Look for continuation to participate higher.....

Northrop Grumman, Ticker: $NOC

Northrop Grumman, $NOC, moved in a strong trend higher until it met resistance in February. It consolidated there through the end of April before a fast pullback to the 200 day SMA. Since then it has started back higher, meeting resistance at the 100 day SMA and pulling back to a higher low. It has bounced off of that low and is now back at resistance. The RSI is rising at the mid line with the MACD crossed up and moving higher. Look for a push over resistance to participate higher.....

Zions Bancorporation, Ticker: $ZION

Zions Bancorporation, $ZION, rose steadily out of a consolidation in June last year. It has had several pullbacks along the way, the last one to the 100 day SMA. The reversal off of that pullback reached the prior high and failed again, pulling back to a higher low. From there it rose again to a new high. It has been consolidating over the prior high as support since. The RSI is strong and bullish with the MACD rising. Look for a break of the consolidation 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 May options expiration behind and the last full trading week before Memorial Day kicks off the summer season ahead, equity markets are mixed.

Elsewhere look for Gold to continue its move lower while Crude Oil continues in an uptrend. The US Dollar Index also looks to continue to move higher while US Treasuries trend lower. The Shanghai Composite looks to continue to bounce off of support and Emerging Markets remain in consolidation building there bull flag.

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

Globus Medical, Ticker: $GMED

Globus Medical, $GMED, rose out of consolidation in November and moved higher to a top in March. It had a shallow pullback from there, near the 50 day SMA, and then bounced. Now it is back at that top. The RSI is bullish and rising with the MACD crossed up. Look for a new high to participate higher.....

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, has moved steadily higher since June of 2017. In March it started to pullback from a high and did not stop until making its first lower low in this streak, under the 50 day SMA. But since then it has reversed higher and is back at that March high. The RSI is rising and bullish with the MACD moving higher. Look for a new high to participate.....

Infinera, Ticker: $INFN

Infinera, $INFN, rose out of consolidation with a gap up in February. It continued to a top in March before a minor pullback. Last week it pushed higher off of the lower Bollinger Band® and closed the week at the prior high. The RSI is in the bullish range and the MACD is crossing up. Look for a new high to participate.....

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, has been a choppy stock, falling to a low in November. It consolidated there for 2 months before a push higher. That failed at a lower high and fell back, but to a higher low. The next leg higher made a higher high before pulling back to another higher low. Now it is back at that high with the RSI in the bullish zone and the MACD rising. Look for a new high to participate.....

Kansas City Southern, Ticker: $KSU

Kansas City Southern, $KSU, reported earnings last Friday morning and opened at support. It ran higher all day and finished at the recent resistance range. The RSI is holding just under the bullish range with the MACD rising and positive. Look for a push through recent 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 April options expiration in the rearview mirror sees the markets head into the last full week of April trading. Here in Northeast Ohio the weather is mixed with sunshine but very cold temperatures and some snow, hardly spring time, and stocks look the same, confused, sometimes strong and then weak again.

Elsewhere look for Gold to consolidate in a broad range while Crude Oil continues to be the strongest market rising higher. The US Dollar Index churns along sideways while US Treasuries are now in a downtrend. The Shanghai Composite has also turned downward while Emerging Markets continue to mark time at the highs.