#$mpc

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

Antero Resources, $AR, 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…

Cencora, $COR, 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…

CVS Health, $CVS, 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…

Johnson & Johnson, $JNJ, comes into the week at resistance. It has a RSI on the edge of the bullish zone with the MACD positive. Look for a push over resistance to participate…

Marathon Petroleum, $MPC, comes into the week at resistance. It has a 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 the FOMC meeting coming up next week, saw equity markets showed continued resilience until bombs started flying in the Middle East.

Elsewhere look for Gold to continue its uptrend while Crude Oil is close to testing a reversal of the trend lower. The US Dollar Index continues a short term move to the downside at 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets break to the upside.

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, 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…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, 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…..

IBM, Ticker: $IBM

IBM, $IBM, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and leveling. Look for a push over resistance to participate…..

Marathon Petroleum, Ticker: $MPC

Marathon Petroleum, $MPC, 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…..

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, 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 month of February in the books, saw equity markets continue to show strength with the small caps now joining the large cap and tech indexes.

Elsewhere look for Gold to continue its assault on a new all-time high while Crude Oil moves higher out of consolidation. The US Dollar Index continues to drift in consolidation while US Treasuries hold in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue to consolidate.

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

Canadian Solar, Ticker: $CSIQ

Canadian Solar, $CSIQ, pulled back from a top in early March, finding support at the 200 day SMA. It bounced from there and has made a series of higher lows and higher highs since. Coming into the week it is rising and near prior resistance. The RSI is also turning higher with the MACD about to cross up and positive. Look for continuation to participate…..

Denny’s, Ticker: $DENN

Denny’s, $DENN, started a move higher in April, and trended up to a top in early September. It pulled back from there to the 50 day SMA and found support. Now it is rising again with the RSI moving higher and the MACD turning up. Look for continuation to participate…..

Horizon Therapeutics, Ticker: $HZNP

Horizon Therapeutics, $HZNP, drifted lower to the 200 day SMA and based there until a bounce in August. That stalled short of the prior high and pulled back. Now it is moving higher again with the RSI rising in the bullish zone and the MACD about to cross up. Look for continuation to participate…..

Marathon Petroleum, Ticker: $MPC

Marathon Petroleum, $MPC, trended lower from a top in September last year. It has bounced along the way with the last low in August. Now it is at short term resistance with the RSI rising in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

ServiceNow, Ticker: $NOW

ServiceNow, $NOW, rose off of a bottom in November. It gapped up in February and continued higher to a top in July. It has pulled back from there and is consolidating under resistance coming into the week. The RSI is moving higher towards the bullish zone with the MACD crossed up and about to turn positive. Look for a push over resistance 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 September FOMC and Quadruple Witching behind, saw equity markets held up well until more trade issues hit Friday. Even so, the declines were minor as the index ETF’s hold near their all-time highs.

Elsewhere look for Gold to stall at 1500 while Crude Oil consolidates. The US Dollar Index is still drifting to the upside while US Treasuries bounced in their downtrend. The Shanghai Composite is consolidating the short term move higher with Emerging Markets stalling in their short term rise.

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

Amneal Pharmaceuticals, Ticker: $AMRX

Amneal Pharmaceuticals, $AMRX, topped in September last year and started to move lower. It found support at the 200 day SMA and bounced, but to a lower high. It held there over the 200 day SMA for 2 months, building falling trend resistance before a dump into May. That was followed by another test of resistance and pullback to a higher low. The next test of that falling resistance did not hold and it broke to the upside. Now it has made a higher high and testing 4 month resistance. The RSI is bullish and rising with the MACD also moving higher and positive. Look for a push higher to participate.....

Commerce Bancshares, Ticker: $CBSH

Commerce Bancshares, $CBSH, has moved steadily higher after breaking out of consolidation in November. It peaked in July after earnings and pulled back to its 50 day SMA. Now it has reversed back to resistance. The RSI is in the bullish zone with the MACD crossed up and rising. Look for a new high to participate.....

Eli Lilly, Ticker: $LLY

Eli Lilly, $LLY, started higher in February, crossing the 200 day SMA and staying there in May. Since then it has skyrocketed higher. For the last week it has been consolidating, awaiting the next move. The RSI is deep into overbought territory with the MACD leveling at highs. Look for a break of consolidation to participate.....

Marathon Petroleum, Ticker: $MPC

Marathon Petroleum, $MPC, started higher in September and continued to a January peak. It pulled back from there to the 100 day SMA in February before making another surge higher. This met resistance at the end of April. Since then it has pulled back 3 times, each finding support and reversing back to resistance. The RSI is in the bullish zone with the MACD flat and positive after reaching resistance again. Look for a push to a new high to participate.....

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, broke above consolidation in April and quickly ran to a top in May. It had a drawn out pullback from there to a low that lasted 1 month into the middle of July. Since then it has moved back higher and is now consolidating at the prior high. The RSI is working off an overbought condition during the consolidation with the MACD flat. Look for a break of consolidation 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 heading into August Options Expiration week, sees the equity markets continue to look strong on the longer timeframe, but may need a rest in the short run.

Elsewhere look for Gold to possibly pause in its downtrend while Crude Oil bounces at support after a pullback on the uptrend. The US Dollar Index is breaking out to the upside and looks strong while US Treasuries are bouncing in consolidation. The Shanghai Composite may be ready to pause in its downtrend while Emerging Markets continue lower.

$MPC 2018-07-31 : Transcripts- MPC Edited Transcript of MPC earnings conference call

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Q2 2018 Marathon Petroleum Corp Earnings Call

Findlay Aug 1, 2018 (Thomson StreetEvents) — Edited Transcript of Marathon Petroleum Corp earnings conference call or presentation Thursday, July 26, 2018 at 1:00:00pm GMT

TEXT version of Transcript

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$MPC 2018-07-31 : Transcripts- Edited Transcript of MPC earnings conference call

[s2If !current_user_can(access_s2member_level0)] Please login to read the transcript. [lwa] [/s2If][s2If current_user_can(access_s2member_level0)]”

Q2 2018 Marathon Petroleum Corp Earnings Call

Findlay Aug 1, 2018 (Thomson StreetEvents) — Edited Transcript of Marathon Petroleum Corp earnings conference call or presentation Thursday, July 26, 2018 at 1:00:00pm GMT

TEXT version of Transcript

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EARNING UPDATE $MPC Marathon Petroleum Corporation for quarter ending q_Dec17 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on MPC [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Marathon Petroleum Corporation reported earnings (EPS) of 3.97 per share for the quarter ending q_Dec17. This is vis-vis 1.77 per share for the previous quarter ending q_Sep17, a growth of 124.3 %. Compared to last year same quarter (q_Dec16),…