#$tbbk

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

Cummins, Ticker: $CMI

Cummins, $CMI, made a top in March and pulled back into consolidation. It ended last week at resistance with the RSI moving up and the MACD about to cross. look for a push over resistance to participate…..

DaVita, Ticker: $DVA

DaVita, $DVA, had a quick move up in November and then topped out in early January. It pulled back into February and then reversed to a lower consolidation. Friday it broke that to the upside. The RSI is rising in the bullish zone and the MACD positive and rising. Look for continuation to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, broke consolidation and made a top pin February. It pulled back to the 200 day SMA and then reversed, pushing to a higher high to end last week. The RSI is rising and bullish with the MACD positive and climbing. Look for continuation to participate…..

Global Payments, Ticker: $GPN

Global Payments, $GPN, moved up off a November low to a top at the end of the year. It pulled back again from there, but last week ending pushing above that prior high. The RSI is rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

The Bancorp, Ticker: $TBBK

The Bancorp, $TBBK, had a strong run higher to a top in March before pulling back. It has been rounding out a bottom since, breaking higher Friday. The RSI is rising in the bullish zone with the MACD crossed up and 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 April options expiration in the books, saw large cap equity markets continue to show strength moving to all-time highs, with the small caps lagging behind in consolidation.

Elsewhere look for Gold to continue its reversal higher while Crude Oil moves out of consolidates to the upside. The US Dollar Index continues to pullback in its short term move higher while US Treasuries are rebounding in their downtrend. The Shanghai Composite looks to pause in its move higher while Emerging Markets consolidate the pullback in their uptrend over long term support.

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

KKR, Ticker: $KKR

KKR, $KKR, started to slow in its move higher as it passed the February high in July. It morphed into a consolidation range and held there until breaking higher at the end of last week. The RSI is in the bullish zone with the MACD crossed up and positive. Look for continuation to participate…..

Old Dominion Freight Line, Ticker: $ODFL

Old Dominion Freight Line, $ODFL, continued to move off a March low until meeting resistance in early September. Since then it has moved in a broad consolidation. It ended last week at resistance with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

The Bancorp, Ticker: $TBBK

The Bancorp, $TBBK, broke over resistance in May and ran to a top in early June. It pulled back from there and settled eventually into a consolidation. It ended last week at resistance with the RSI rising in the bullish zone and the MACD lifting off of zero. Look for a push through resistance to participate…..

Waste Connections, Ticker: $WCN

Waste Connections, $WCN, spiked up in August and could not hold the move, ending the recovery from the March dip. It ran sideways for over 3 months before breaking higher at the end of last week. The RSI is in the bullish zone with the MACD lifting off zero. Look for continuation to participate…..

Walmart, Ticker: $WMT

Walmart, $WMT, whipped around after dropping in March. It moved in a wide range for some time until making a new high in April. From there it pulled back to the 200 day SMA and did not rebound until July. It stalled at the prior high and held until a breakout into September. It pulled back again and has held in a higher range. It comes into the new week at resistance with the RSI rising in the bullish zone and the MACD crossing up. Look for a push over resistance 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 saw an eventful first week of November with a Presidential election, a FOMC meeting and a non-farm payrolls report to attack markets, result in them reacting like champs with impressive moves to the upside all week.

Elsewhere look for Gold to continue its move higher while Crude Oil consolidates in a broad range. The US Dollar Index looks to move lower in consolidation while US Treasuries remain in a downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets break out to the upside.

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

AIG, Ticker: $AIG

AIG, $AIG, was in a long consolidation when it broke to the downside in February. It dropped quickly, giving up over 65% of its value in a month before finding support. It bounced then fell back to a higher low in April and has been tightening consolidation since. The RSI is on the edge of a move into the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Ashland, Ticker: $ASH

Ashland, $ASH, started lower in February, and reached a bottom in mid-March. Since then it has moved higher, until encountering resistance at the end of April. it has consolidated there since. The RSI is on the edge of the bullish zone with the MACD lifting and positive. Look for a push over resistance to participate…..

BioMarin Pharmaceutical, Ticker: $BMRN

BioMarin Pharmaceutical, $BMRN, started higher in March, and broke above the February high a month later. It pulled back to the 20 day SMA and bounce. Since then it has been consolidating under resistance. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Encompass Health, Ticker: $EHC

Encompass Health, $EHC, bottomed in March and then reversed higher. It stalled as it reached the 50 day SMA and pulled back. Last week it moved back higher and ended consolidating the move. The RSI is flat in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate….

The Bancorp, Ticker: $TBBK

The Bancorp, $TBBK, fell from a double top in March and reached a bottom 2 weeks later. Since then it has been moving higher and has now reached resistance. The RSI is rising towards the bullish zone with the MACD turning up and 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 the Memorial Day Weekend and unofficial start of summer, sees equity markets posted a strong week with signs of potential range breaks to come.

Elsewhere look for Gold to continue to consolidate while Crude Oil moves to the upside. The US Dollar Index continues to churn sideways while US Treasuries consolidate as well. The Shanghai Composite looks to be reversing lower while Emerging Markets consolidate under resistance.