#$orcl

Oracle, $ORCL, comes into the week breaking short term resistance and above the 200 day SMA. The Bollinger Bands® are squeezing in, often a precursor to a big move. The RSI is deep in the bullish zone with the MACD avoiding a cross down and positive. There is resistance at 167.50 and 172 then 177.75 and 1181.50 before 191 and 195. Support lower is at 163 and 155. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 1.21% and has traded ex-dividend since April 10th.

The company is expected to report earnings next on June 9th after the close. The June 13 Expiry options chains shows an expected move of about $15 by expiry with biggest open interest at the 160 put and then the 165 and 1810 call strikes. The June monthly chain has biggest open interest at the 140 put then 150, and at the 165 and 160 call strikes followed by 185. Open interest is biggest at the 130 put then 140 in the July chain and on the call side at 155 then 180 and 150. Finally, in the August chain open interest is biggest at the 145 and 130 put strikes and at the 185 and 180 calls.

Trade Idea 1: Buy the stock on a move over 166 with a stop at 160.

Trade Idea 2: Buy the stock on a move over 166 and add a June 160/150 Put Spread ($3.20) while selling the July 185 Call ($3.00).

Trade Idea 3: Buy the June/July 180 Call Calendar ($1.50) while selling the June 13 Expiry 145 Put ($1.10).

Trade Idea 4: Buy the August 145/170/185 Call Spread Risk Reversal ($1.65).

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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 May in the books, saw that equity markets showed a budding recovery from last week.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets fall from the cusp of a break to the upside.

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

Mastercard, Ticker: $MA

Mastercard, $MA, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week at short term resistance. It has a RSI rising in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate….

Oracle, Ticker: $ORCL

Oracle, $ORCL, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD curling to cross up and positive. Look for continuation to participate…..

Summit Materials, Ticker: $SUM

Summit Materials, $SUM, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for continuation to participate….

Toronto-Dominion, Ticker: $TD

Toronto-Dominion, $TD, comes into the week at resistance. It has a RSI rising at the edge of the bullish zone with the MACD about to turn positive. Look for a push through 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 May FOMC meeting in the books, saw that equity markets showed resilience with a rebound Friday erasing an ugly midweek slump.

Elsewhere look for Gold to continue its uptrend while Crude Oil holds in the low end of a consolidation range. The US Dollar Index continues to drift sideways at support while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in consolidation while Emerging Markets consolidate.

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

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, comes into the week breaking resistance. It has a RSI rising over the midline with the MACD approaching zero. Look for continuation to participate…..

Marriott International, Ticker: $MAR

Marriott International, $MAR, comes into the week at resistance. It has a RSI rising off the midline with the MACD crossed up. Look for continuation over resistance to participate…..

McCormick & Company, Ticker: $MKC

McCormick & Company, $MKC, comes into the week testing support. It has a RSI dropping out of overbought with the MACD rolling but positive. Look for a break of support to participate…..

Oracle, Ticker: $ORCL

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

Visa, Ticker: $V

Visa, $V, 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 April options expiration week, saw equity markets showed resilience holding up despite a building narrative of a possible recession.

Elsewhere look for Gold to continue its uptrend while Crude Oil has a short term move higher in consolidation. The US Dollar Index continues to drift to the downside while US Treasuries pullback in their consolidation. The Shanghai Composite and Emerging Markets look to continue in consolidation.

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, comes into the week pressing a higher high. It has a RSI rising to the midline with the MACD crossed up. Look for a move up out of consolidation to participate…..

BlackRock, Ticker: $BLK

BlackRock, $BLK, comes into the week near resistance after a move off the 200 day SMA. The RSI is rising in the bullish zone with the MACD positive. Look for a push higher to participate…..

Danaher, Ticker: $DHR

Danaher, $DHR, comes into the week at the gap fill from the end of September. It has a RSI on the edge of the bullish zone with the MACD crossed up. Look for continuation to participate…..

JP Morgan, Ticker: $JPM

JP Morgan, $JPM, comes into the week making a new all-time high. It has a RSI rising in the bullish zone and a MACD positive and crossed up. Look for continuation to participate…..

Oracle, Ticker: $ORCL

Oracle, $ORCL, comes into the week at an all-time high as well. It has a RSI strong in the bullish zone and a MACD positive and rising. 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 left in October, saw equity markets with continued strength.

Elsewhere look for Gold to continue its short term consolidation while Crude Oil continues in an uptrend. The US Dollar Index to pullback in the short term uptrend while US Treasuries consolidate in the downtrend. The Shanghai Composite looks to continue to mark time in a broad range while Emerging Markets pullback in a long term uptrend.

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

AGCO, Ticker: $AGCO

AGCO, $AGCO, dropped hard and fast from a top in August. It found a bottom after breaking through the 200 day SMA and reversed higher. It is now approaching resistance with the RSI rising and bullish and the MACD positive and moving up. Look for a push over resistance to participate…..

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, rose out of a consolidation in July and made a top at the end of the month. It pulled back to retest the consolidation zone and then reversed to a lower high into September. Another drop hit the 200 day SMA and reversed. it is rising as it comes into the week with the RSI bullish and climbing and the MACD positive and moving up. Look for a push over resistance to participate…..

Global Payments, Ticker: $GPN

Global Payments, $GPN, rose from a bottom in December and peaked in September. Over the past 3 months it has been in consolidation with a tightening range. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a break of the range to participate…..

Oracle, Ticker: $ORCL

Oracle, $ORCL, hiccupped back down to the 200 day SMA in May and then drove higher to a top in July. It fell back from there, retesting the 200 day SMA in August before finding support. Since then it has been tightening a consolidation range and is back at the top. The RSI is rising and bullish with the MACD lifting off of the zero line. Look for a push over resistance to participate…..

UPS, Ticker: $UPS

UPS, $UPS, moved higher off of a low in May and stalled in July. It fell back to a higher low and then reversed to make a higher high in September. Another pullback found higher support and reversed to where it is today, making a higher high again. There RSI is rising in the bullish zone with the MACD positive and moving higher. Look for continuation 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 moving into November options expiration sees the bull market is back on in force, with the small caps on the edge of joining the party.

Elsewhere look for Gold to continue in its short term downtrend while Crude Oil consolidated. The US Dollar Index is drifting to the upside while US Treasuries continue to move lower. The Shanghai Composite looks to continue to hold tight around 3000 while Emerging Markets pause in their uptrend.

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

TD Ameritrade, Ticker: $AMTD

TD Ameritrade, $AMTD, was drifting lower with the falling 200 day SMA as resistance until late September. It then gapped down on strong volume and found support. Last week ended with the start of a reversal higher. The RSI is also moving up out of oversold territory with the MACD turning to cross up. Look for continuation to participate…..

Apache, Ticker: $APA

Apache, $APA, started lower in April and found a bottom in August. It bounced from there but stalled as it reached the 200 day SMA and reversed back lower. Now it appears to be reversing higher again. The RSI is also reversing and the MACD is leveling. Look for continuation higher to participate…..

Celgene, Ticker: $CELG

Celgene, $CELG, started higher off of a December low. It gapped up into January and then slowed its move up. After a top in June it gapped down and has been drifting higher. It ended last week making a new 20 month high with the RSI rising and bullish and the MACD level and positive. Look for continuation to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, started to rise out of consolidation in June. It accelerated into August and then slowed to a top in September. It pulled back from there and has consolidated under resistance. The RSI is rising back towards the bullish zone and the MACD is crossed up and positive. Look for a push over resistance to participate…..

Oracle, Ticker: $ORCL

Oracle, $ORCL, started off of a December low and continued to a top in July. Since then it has pulled back to the 200 day SMA and has been riding it slowly. Last week it pushed up to a higher high with the MACD rising and bullish and the MACD positive and moving up. Look for continuation 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 October Options Expiration and the first week of the new earnings season, sees equities have caught a bid and are looking stronger on the longer timeframe.

Elsewhere look for Gold to continue to consolidate around 1500 while Crude Oil bounces higher in consolidation. The US Dollar Index looks to pullback in the drift higher while US Treasuries move lower. The Shanghai Composite is reversing to the upside and Emerging Markets look to continue their short term move higher in consolidation.

Oracle, $ORCL, pulled back to a low in December at the same level as the June low. Since then it has moved higher. In March it confirmed a double bottom as it consolidated. Then continuation to the new all-time high at the end of April. It pulled back with the market then, reaching the lower Bollinger Band® at the end of last week. Friday saw it reverse to the upside.  

The pull back now appears to be a bull flag and gives a target to the upside of at least 59.50. The RSI is also turning higher after making a lower low, confirming a Positive RSI Reversal. This also gives a target near 59.50. The MACD turned to level, halting its drop, and remains positive. There is support lower at 53.50 and 52.60 then 52 and 51 before 50 and 49.40. There is no resistance above 55.50. Short interest is low under 2%. The company is expected to report earnings next on June 17th. The stock pays a dividend yielding 1.76% and went ex-dividend last on April 10th.  

The May options show the biggest open interest at the 55 call strike this week. The June chain shows the biggest open interest on the call side clustered at 55 and 57.50. The put side is biggest at 46 and then from 50 to 52.50. And the July options are biggest at 50 and 52.50 on the put side but at 60 on the call side.

Oracle, Ticker: $ORCL

Trade Idea 1: Buy the stock on a move over 55 with a stop at 53.

Trade Idea 2: Buy the stock on a move over 55 and add a June 52.50/50 Put Spread (55 cents) while selling a June 57.50 Call (60 cent credit).

Trade Idea 3: Buy the June/July 57.50 Call Calendar (40 cents) and sell the June 50 Put (45 cent credit).

Trade Idea 4: Buy the July 50/57.50 bull Risk Reversal (30 cents).

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 sees equity markets have reset lower, but ended the week strong. This suggests the pullback may be ending.

Elsewhere look for Gold to pause in its downtrend while Crude Oil continues to pullback in the uptrend. The US Dollar Index looks to continue to move sideways while US Treasuries are biased to continue higher. The Shanghai Composite may be ending its pullback while Emerging Markets are biased to the downside in the short run.

EARNING UPDATE $ORCL Oracle Corporation for quarter ending q_Aug18 – Revenue fell, Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on ORCL [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Oracle Corporation reported earnings (EPS) of 0.57 per share for the quarter ending q_Aug18. This is vis-vis 0.80 per share for the previous quarter ending q_May18, a decline of 28.8 %. Compared to last year same quarter (q_Aug17), earnings…