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

BHP, Ticker: $BHP

BHP, $BHP, dropped out of consolidation to a low 2 weeks ago. It comes into the week at resistance from the gap down with the RSI rising and the MACD turning to cross up. Look for a break into the gap to participate…..

CIT, Ticker: $CIT

CIT, $CIT, comes into the week pressing on the highs. It has a RSI rising in the bullish zone with the MACD rising after avoiding a cross. Look for a push over resistance to participate…..

Olin, Ticker: $OLN

Olin, $OLN, comes into the week approaching the prior high. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

ON Semiconductor, Ticker: $ON

ON Semiconductor, $ON, comes into the week at the all-time high with the RSI rising in the bullish zone and the MACD crossing up and positive. Look for a new high to participate…..

Charles Schwab, Ticker: $SCHW

Charles Schwab, $SCHW, comes into the week back at the all-time high with the RSI rising in the bullish zone and the MACD rising and positive. Look for a push to a new high to participate…..

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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 with the last full week of August in the books, saw equity markets showed strength with aggressive moves higher and all-time highs.

Elsewhere look for Gold to continue its push out of long term consolidation higher while Crude Oil may also be resuming the uptrend. The US Dollar Index looks on the edge of breaking the long downtrend the while US Treasuries pause in their uptrend. The Shanghai Composite looks to continue in broad consolidation while Emerging Markets continue to be biased to move lower.

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

Ally Financial, Ticker: $ALLY

Ally Financial, $ALLY, bottomed in March and then consolidated. it broke consolidation in May and started higher. The move stalled in June and fell into consolidation again. Friday saw it break to the upside. The RSI is strong in the bullish zone with the MACD rising and positive. Look for continuation to participate…..

Burlington Stores, Ticker: $BURL

Burlington Stores, $BURL, started higher off of a bottom in March. It stalled at the 200 day SMA at the end of April and dropped back. A second move higher met resistance after breaking the 200 day SMA and then pulled back again. Since July it has been making a series of higher lows and is now approaching the May high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a new high to participate….

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, started higher in March and stalled as it hit the 200 day SMA in June. It pulled back and found a bid, creating and then riding rising trend support. It is rising off of that support and making a higher high as it comes into the new week. The RSI is rising in the bullish zone with the MACD moving higher and positive. Look for continuation to participate…..

ON Semiconductor, Ticker: $ON

ON Semiconductor, $ON, rose from a bottom in March and stalled just short of the prior high as it hit the January gap. Friday it pushed up out of consolidation with a RSI pressing into the bullish zone and the MACD crossing up. Look for continuation to participate…..

Tandem Diabetes Care, Ticker: $TNDM

Tandem Diabetes Care, $TNDM, started higher in March. It paused in May and pulled back to a low in June. It reversed then and has trended higher since. The RSI pulling back in the bullish zone with the MACD crossing down as price hit the 20 day SMA and printed a Hammer candle. Look for a reversal higher 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 wrapping up August and heading into the unofficial end of summer, saw the equity markets finally ran out of gas and pull back.

Elsewhere look for Gold to continue in consolidation while Crude Oil possibly moves to a downtrend. The US Dollar Index is moving to the upside possibly out of consolidation while US Treasuries consolidate. The Shanghai Composite looks to consolidate as well while Emerging Markets pause in their uptrend.

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

Anthem, Ticker: $ANTM

Anthem, $ANTM, moved up out of consolidation in June. It continued higher through a series of tops to one in October. It pulled back from there and then made a higher high into November. A small pullback and reversal sees it back at the high. The RSI is rising and bullish with the MACD moving higher. Look for a new high to participate.....

Cboe Global, Ticker: $CBOE

Cboe Global, $CBOE, had a failed break out in September come back to a higher low and then reversed. It moved up through resistance and over the 200 day SMA to a higher high at the end of October. The pullback from there found support and is now reversing back higher. The RSI is also reversing up off of the mid line with the MACD leveling. Look for continuation to participate higher.....

Flowserve, Ticker: $FLS

Flowserve, $FLS, rose up off of a base in July and continued to a top in September. It pulled from there to a higher low, just under the 20 day SMA and bounced in October. The bounce stalled a lower high and it suffered a quick pull back. At the end of last week it started to reverse higher again. The RSI is moving higher as well with the MACD rising toward positive. Look for continuation to participate higher.....

Graco, Ticker: $GGG

Graco, $GGG, fell from a third tap at resistance in September and accelerated to the downside. It found a bottom 1 month later in October over 20% lower. The bounce from there was strong and reached the 50 day SMA before receding in a digestive move. Now it is back at that resistance. The RSI is rising and bullish with the MACD turning positive. Look for continuation to participate.....

ON Semiconductor, Ticker: $ON

ON Semiconductor, $ON, had a long run higher until it started to make a sloppy top in February. It started to move lower in June and found a bottom at the end of October. Since then it has bounced to the 50 day SMA and met resistance. It pulled back slightly and is now back at resistance. The RSI is rising and bullish with the MACD positive and rising. Look for a break of 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 November Options Expiration in the rear view mirror and traders looking forward to a short Thanksgiving week, sees equity markets hinting at reversing higher.

Elsewhere look for Gold to continue in its short term uptrend while Crude Oil pauses in its downtrend. The US Dollar Index is resuming its move higher while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite is staging a possible reversal while Emerging Markets are trying to buck their downtrend.

Volatility looks to remain slightly elevated but drifting lower, easing the downward pressure on the equity index ETF's SPY, IWM and QQQ. Their charts show some signs of reversing in the short timeframe, while on the longer timeframe the consolidation is more obvious. Use this information as you prepare for the coming week and trad'em well.

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

Deere, Ticker: $DE

Deere, $DE, dropped with the market in August and then traded sideways in a $10 range for 6 months. It popped up higher, into its gap, in March but quickly receded. Finding support at a higher low it moved back higher in April. It is now consolidating at the prior high. The RSI is in the bullish zone and the MACD rising, both supporting more upside. Look for a break of resistance to participate higher.

Krispy Kreme Doughnuts, Ticker: $KKD

Krispy Kreme Doughnuts, $KKD, started a move lower in July 2015, finding a bottom in November. a brief bounce saw it then fall back and retest that low. It worked back higher then over the December bounce, confirming a double bottom. It gapped higher two weeks ago and has consolidated, holding the gap. The RSI is strong and in the bullish zone while the MACD is rising. Both support a continuation higher. Look for a break of consolidation to the upside to participate.

Monsanto, Ticker: $MON

Monsanto, $MON, made a high just under 125 in May 2015 before a 5 month pullback. That shed 35% of its market cap. It bounced from there to 100 but failed to go any further falling back. But the pullback was to a higher low. It has been consolidating since between 84 and 96. The RSI has now moved into the bullish zone and the MACD is rising, supporting a push higher. Look for a break of the consolidation to participate.

ON Semiconductor, Ticker: $ON

ON Semiconductor, $ON, was a Top 10 Idea from last week to the upside. It broke higher and then failed. Now it shows up as a potential downside trade. It consolidated after the move higher and at the end of last week finished with a strong move lower. The RSI is falling and the MACD dropping after crossing down. Look for a break of consolidation to participate to the downside.

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, made a low in January and after some chop through February has been moving steadily higher. Last week saw it consolidate, perhaps preparing for another leg higher. The RSI is in the bullish zone and the MACD is drifting higher. Look for a break of consolidation to participate to the upside.

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 as the calendar turns to May sees the equity markets are looking worn out and in general better to the downside.

Elsewhere look for Gold to continue its uptrend while Crude Oil moves higher as well. The US Dollar Index is on the cusp of a major breakdown while US Treasuries churn with a bias to break to the upside. The Shanghai Composite looks to continue to consolidate along with Emerging Markets but look for the latter to be biased to eventually break that consolidation higher.

Volatility looks to remain subdued but not at the lows keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ, despite the moves lower. Their charts are more mixed with the QQQ firmly heading lower, the SPY pulling back in its uptrend and the IWM stalling. Use this information as you prepare for the coming week and trad’em well.

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

Biogen, Ticker: $BIIB

Biogen, $BIIB, reported earnings Thursday morning and after moved higher to resistance. Friday broke that to the upside making another higher high. This is the second higher high, but still takes place in the long downtrending channel. Positive but with some work left. As it moves up the RSI is in the bullish zone and rising while the MACD is moving higher supporting the upside. Look for continuation Monday to participate to the upside.

KKR, Ticker: $KKR

KKR, $KKR, will report earnings before the market opens Monday. Heading into that event the chart looks promising for a break out. it made a higher low and is approaching resistance. a move over that would make for a higher high and confirm a reversal. The RSI is bullish and rising while the MACD is crossed up and rising, also supporting more upside. Look for a positive reaction to participate to the upside.

ON Semiconductor, Ticker: $ON

ON Semiconductor, $ON, made a bottom in February and has been moving higher since. the last two weeks it has rounded into consolidation and the Bollinger Bands® are squeezing. This is often a precursor to a move in price. The RSI is in the bullish zone and the MACD flattened after a fall and now approaching a positive cross. Look for a push over resistance to participate in the upside.

Web.com, Ticker: $WEB

Web.com, $WEB, is coming out of a bottoming pattern, having back to back higher highs and higher lows. Coming into the week it is at resistance, trying to make another higher high. The RSI is now in the bullish zone and rising with the MACD crossed up and rising. These support more upside.

Zillow Group, Ticker: $ZG

Zillow Group, $ZG, bounced off of a bottom in February, making the familiar 'V' shaped recovery. It met resistance at the consolidation zone from November and December before a pullback to a shallower low. Another touch at resistance fell back farther but has also recovered to that resistance. The RSI is in the bullish zone and the MACD crossed and rising as it hits there again on a strong candle Friday. Look for a push through resistance to participate to the upside.

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 last week of April the Equity indexes are showing signs of rotation out of the QQQ and SPY and into the IWM.

Elsewhere look for Gold to consolidate in a $30 range while Crude Oil continues higher. The US Dollar Index continues to test the bottom of a wide consolidation range while US Treasuries are biased lower. The Shanghai Composite and Emerging Markets are biased to the downside with risk of the Emerging Market longer term uptrend re-exerting itself. Volatility looks to remain subdued and with a bias lower keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ, despite the moves last week.

Their charts are mixed with the IWM just strong all around and the SPY strong on the weekly timeframe but with cracks on the daily. The QQQ is the weakest on the daily and shows consolidation on the weekly. Perhaps next week rotates back into the QQQ. Use this information as you prepare for the coming week and trad’em well.