#$mdb

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

Chevron, Ticker: $CVX

Chevron, $CVX, comes into the week pulling back to support. It has a RSI falling in the bullish zone with the MACD positive. Look for a break of support to participate…..

DaVita, Ticker: $DVA

DaVita, $DVA, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, comes into the week pushing on resistance. The RSI is in the bullish zone with the MACD positive. look for a push higher to participate…..

MongoDB, Ticker: $MDB

MongoDB, $MDB, comes into the week pushing on resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation higher to participate…..

Snowflake, Ticker: $SNOW

Snowflake, $SNOW, comes into the week moving higher. It has a RSI in the bullish zone with the MACD positive. Look for continuation 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 with just 2 trading days left in January, saw equity markets showing strength as they move higher. And with the Santa Claus Rally and 1st Five Days of January both positive is seems a lock that there will also be a Positive January to have all 3 indicators align to set up a positive performance indication for all of 2023.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the downside while US Treasuries consolidate the bounce in their downtrend. The Shanghai Composite comes back from holiday looking to continue the move higher while Emerging Markets continue to enjoy an uptrend.

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

BJ’s Wholesale Club, Ticker: $BJ

BJ’s Wholesale Club, $BJ, comes into the week at support. The RSI is falling in the bullish zone with the MACD positive but dropping. Look for a drop through support to participate…..

Cullen/Frost Bankers, Ticker: $CFR

Cullen/Frost Bankers, $CFR, comes into the week sitting on support. It has a RSI dropping in the bullish zone with the MACD shifting to negative. Look for a break of support to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week on support. The RSI is falling in the bearish zone with the MACD negative. Look for a break of support to participate…..

Coterra Energy, Ticker: $CTRA

Coterra Energy, $CTRA, comes into the week at support. It has a RSI in the bearish zone and the MACD negative. Look for a break of support to participate…..

MongoDB, Ticker: $MDB

MongoDB, $MDB, comes into the week in consolidation. It has a RSI coming out of oversold and a MACD crossing up but negative. Look for a move out of consolidation 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 with the 3rd Quarter wrapped up, equity markets showed further weakness ending at or below the prior lows of the year.

Elsewhere look for Gold to continue its pullback while Crude Oil continues to move lower. The US Dollar Index continues to trend to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the move lower while Emerging Markets accelerate to the downside.

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

MongoDB, Ticker: $MDB

MongoDB, $MDB, moved up out of a long consolidation in December. It quickly peaked and then pulled back through the 20 day SMA. It has reversed higher in January and is sitting against resistance as it comes into the week. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a push over resistance to participate…..

Bank OZK, Ticker: $OZK

Bank OZK, $OZK, rose from a digestive consolidation in November. It continued to the current consolidation. The RSI is moving higher in the bullish zone with the MACD turning up to avoid a cross down. Look for a push over resistance to participate…..

PacWest Bancorp, Ticker: $PACW

PacWest Bancorp, $PACW, moved higher out of consolidation in November. it had a tight consolidation through the end of the year and then moved up again. Now it is pressing through resistance with the RSI rising and bullish and the MACD avoiding a cross down. Look for continuation to participate…..

Tandem Diabetes Care, Ticker: $TNDM

Tandem Diabetes Care, $TNDM, moved high from a March low to a top in October. It pulled back from there to the 200 day SMA where it is consolidating under resistance. The RSI is rising into the bullish zone with the MACD pushing to positive. Look for break over resistance to participate…..

Werner Enterprises, Ticker: $WERN

Werner Enterprises, $WERN, topped in August and then started to roll over. It spiked down at the end of October and then bounced into a consolidation. It broke that consolidation last week with the RSI rising and bullish and the MACD positive and moving higher. Look for continuation 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 with one week to go in January, sees equity markets remaining strong.

Elsewhere look for Gold to possibly reverse higher out of its pullback while Crude Oil continues to move up. The US Dollar Index continues it downtrend while US Treasuries consolidate in their move lower. The Shanghai Composite looks to continue higher after making 5 year highs while Emerging Markets print all-time highs, not seem in over 13 years as they continue to move up.

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…..

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 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.