#$ozm

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

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, moved steadily higher from a low in February until reaching a top in July. It paused there moving sideways and then gapped much lower in early August. From that gap down it ran another 20% lower before finding a bottom in October. Since then it has made 2 higher highs and higher lows and finds the price back at resistance after a strong move up Friday. The Bollinger Bands® have squeezed in, often a precursor to a move, and the RSI is in the bullish zone and rising. The MACD is falling but positive. Look for a push over resistance to participate to the upside.....

eBay, Ticker: $EBAY

eBay, $EBAY, moved sideways out of a falling wedge in March but did nothing until July. That is when the price took off to the upside and even gapped up to 31.50 before a stall, a move of 35%. It made a couple of marginally higher highs after that but then gapped down in October. It printed a 'W' like consolidation since that gap down, touching the 200 day SMA with the last bottom, and is now pushing back into the gap. The RSI is in the bullish zone and rising, while the MACD is rising and about to cross to positive. Look for continuation to participate to the upside.....

IBM, Ticker: $IBM

IBM, $IBM, made a high in August with a spike up over 163. It spiked to there again in September but continued to move lower. It eventually came back to its 200 day SMA in October and made yet another assault on the high. It failed again but had only a shallow pullback before reversing up again last week. Friday saw a close over the resistance area with support for more from a bullish and rising RSI and MACD. Look for continuation Monday to participate to the upside.....

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, ran higher the first 3 months of the year, then morphed into a sideways consolidation. It jumped out of that in July and made a double top, falling back in September. The price found support at a higher lower and consolidated again. Friday saw a push above that consolidation. The RSI is in the bullish zone and rising with the MACD crossed up and bullish as well. Look for continuation to participate to the upside.....

Och-Ziff Capital Management, Ticker: $OZM

Och-Ziff Capital Management, $OZM, went through a long fall, finding a bottom in April printing a long tailed hammer. It consolidated from there for 5 months before a quick spike higher. That put it over the 200 day SMA for the first time since June 2015. But it could not holdup. A Dark Cloud Cover pattern continued lower with 3 Black Crows, eventually finding a bottom in November. It bounced and failed, pulling back to a possible double bottom and then reversed again. It finds the price entering the week at resistance, with a move higher confirming a double bottom. The RSI is bullish and rising while the MACD is also bullish. Look for a push over resistance to participate to the upside.....

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 heading in to December Options Expiration and the FOMC meeting sees US Equities looking strong but perhaps extended on the short term.

Elsewhere look for Gold to continue its downtrend while Crude Oil continues to move higher. The US Dollar Index also looks better to the upside while US Treasuries continue to be biased lower. The Shanghai Composite and Emerging Markets both are biased to the upside with risk Emerging Markets being only a short term move.

Volatility looks to remain subdued and abnormally low keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their short term charts suggest possible exhaustion as they are over sold, but longer term they look very strong. The exception is the QQQ which has been stuck in a range but is now at the top end. Perhaps it will benefit from a pullback in the other index ETFs. 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

Allot Communications, Ticker: $ALLT

Allot Communications, $ALLT, fell in a strong gap move lower to start July and has been consolidating, building a bottom since. The bottoming process has met resistance at 6 a couple of time and is there again moving into the short week. The RSI is in the bullish zone and rising while the MACD is crossed up and rising, both supporting a push through to the upside. Watch for a break of resistance to participate.

Cigna, Ticker: $CI

Cigna, $CI, made a top at the end of June and then fell in an arcing pullback. This consolidation created a rounding bottom with the down move. Into the week it is back trying to make a higher high. A possible reversal. The RSI is in the bullish zone and rising while the MACD is rising. Both support continued upside.

Graco, Ticker: $GGG

Graco, $GGG, had been rising in a broad channel until it broke that to the downside, under the 50 day SMA in December. But that fall seems to have found support last week at the lower Bollinger Band® as it printed several doji reversal candles. The RSI touched the oversold level and bounced while the MACD is still falling but starting to level off. Look for a new high to confirm a reversal.

Ingredion, Ticker: $INGR

Ingredion, $INGR, had a strong trend higher from a bottom in August to a peak in late November. It has been in a sideways movement since then though with deteriorating momentum. The RSI remains in the bullish zone but the MACD is moving lower and avoided a cross up last week. Watch for a break of support to enter on the short side.

Och-Ziff, Ticker: $OZM

Och-Ziff, $OZM, started falling in June, losing over 60% of its value before finding support and bouncing in November. It consolidated in a bull flag after an initial bounce and it pressing higher again. The RSI is knocking on the bullish zone while the MACD is leveling after a run higher. Look for a move over Thursday's high 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 the shortened Christmas week sees the equity markets looking weak in the short with the SPY weak in the intermediate term as well.

Elsewhere watch Gold for a bounce in its downtrend while Crude Oil continues lower. The US Dollar Index looks strong and ready for more upside while US Treasuries are mired in broad consolidation. The Shanghai Composite is biased higher in consolidation and Emerging Markets are biased to the downside.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their chars concur on the daily feed after back to back strong down days, while the IWM and QQ are nearing support in prior consolidation channels on the intermediate view. The SPY looks to be weaker rolling lower on the longer view. 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.

Blackstone Group, Ticker: $BX

Blackstone Group, $BX, has been rising since the October low. It gave a chance for an entry in late January as it broke consolidation and may be giving another chance now. The RSI is in the bullish zone while the MACD is about to cross up.

Cognex, Ticker: $CGNX

Cognex, $CGNX, went through a 'W' like consolidation before moving higher. Now it is consolidating and perhaps peeking over resistance. The RSI is bullish and rising with the MACD leveling after a pullback.

NVE, Ticker: $NVEC

NVE, $NVEC, went through a a downward consolidating channel, that ended when it touched the 200 day SMA. Since that touch it has risen and is consolidating at the late December high. The RSI is rising and bullish and the MACD is also rising, supporting more upside.

Och-Ziff Capital Management, Ticker: $OZM

Och-Ziff Capital Management, $OZM, completed a Measured Move higher in early February and has been consolidating since then. Heading into the week the move higher off of the Hammer at the 50 day SMA has support for more upside from a rising RSI and a MACD about to cross up.

Whirlpool, Ticker: $WHR

Whirlpool, $WHR, had a great run higher from the low in October to a high in February. Now it has pulled back and is consolidating over the 100 day SMA. Last week saw it move over consolidation and it is currently holding there. The RSI is stalling at the mid line but the MACD is crossed and rising as the Bollinger Bands® squeeze.  The accumulation has not dropped during the sell off.

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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 Thursday which, heading into the first week of April the Equity markets are mixed with the IWM strong but the SPY and QQQ weaker and maybe ready for some short term downside.

Elsewhere look for Gold to bounce around 1200 as it consolidates while Crude Oil churns back in its consolidation channel. The US Dollar Index should generally move sideways but with an upward bias while US Treasuries are biased lower short term in their consolidation. The Shanghai Composite looks very strong and Emerging Markets are getting jealous, and trying to join it to the upside.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts point to consolidation or even a downside bias for the SPY and QQQ, while the IWM seem the place to be, holding up well at the all-time highs. 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.

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, has gone through a long pullback and reversal, creating a Cup, in 2014. The last 2 months may be the Handle to go along with it. This is a bullish pattern on a break of the Handle higher, but offers a downside trade as well on a new low under 215. The The RSI is holding in the bullish zone for now, but the MACD is running to the downside.

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, was hit hard. like all oil names, before finding a bottom in mid-December. It is holding under resistance now with the 20 day SMA above and a gap to fill above that. The RSI is pushing against the mid line and the MACD is rising.

ON Semiconductors, Ticker: $ONNN

ON Semiconductors, $ONNN, is trading at 3 and a half year highs as it consolidates. A break higher could look to the 2011 highs and beyond. The RSI is strong and bullish while the MACD is leveling as the price churns. Watch the Golden Cross form as a possible catalyst.

Och-Ziff Capital, Ticker: $OZM

Och-Ziff Capital, $OZM, bounced off of the October low and ran up to its 200 day SMA. It took a small pullback from there before reversing higher. The Measured Move targets 13.25 and has support from a rising and bullish RSI and a MACD crossing up.

Vertex Pharmaceuticals, Ticker: $VRTX

Vertex Pharmaceuticals, $VRTX, had been moving higher since August until it started to consolidate in a range in November. It is now peeking above the top of that range. A continuation has no resistance higher. The RSI is bullish and rising and the MACD is crossed up ( a buy signal) and running higher as well.

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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 the first full week of 2015 week, sees the equity index ETF's looking as though they may continue to the downside.

Elsewhere look for Gold to continue in its tight range while Crude Oil continues lower. The US Dollar Index looks strong and should continue higher while US Treasuries are biased higher, and on the edge of a breakout. The Shanghai Composite continues to look strong but very overbought while Emerging Markets are weak and biased to the downside. Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ, despite the moves lower this week.

Their charts show a downside bias with the QQQ leading the way and the IWM the strongest, possibly confirming a rotation from one to the other. The possible reversal candles Friday could always kick in and the indexes move higher though. Use this information as you prepare for the coming week and trad'em well.