#$td

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.

Toronto Dominion, $TD, confirmed a double bottom as it broke above the August high in the middle of October. It continued to a top at the end of November and then pulled back, establishing a range. Last week it broke the range to the upside and paused in short term resistance to end the week. Continuation to the upside gives a target to 83.50. 

The RSI is holding in the bullish zone with the MACD positive and rising. The Bollinger Bands® are opening to the upside. There is no resistance above 77. Support lower comes at 75.75 and 74 then 71.75. Short interest is low under 1%. The stock pays a dividend with an annual yield of 3.67% and begins to trade ex-dividend on January 7th. The company is expected to report earnings next on March 3, 2022. 

The January options chain shows massive open interest at the 80 strike on both the put and call side, with sizable amounts at the 55 and 65 put as well at the 70 and 72.50 call. The February chain is just getting started. The April chain has biggest open interest at the 65 and 50 put strikes and at the 75 call strike.

Toronto Dominion Bank, Ticker: $TD

Trade Idea 1: Buy the stock on a move over 78 with a stop at 75.50.

Trade Idea 2: Buy the stock on a move over 78 and add a February 75/70 Put Spread (95 cents) while selling the April 82.50 Calls (45 cents).

Trade Idea 3: Buy the February/April 80 Call Calendar (85 cents) and sell the February 72.50 Put (60 cents).

Trade Idea 4: Buy the April 72.50/77.50/82.50 Call Spread Risk Reversal (zero).

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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. As the books close on 2021, equity markets posted a good year for tech and large caps while small caps marked time the entire year.

Elsewhere look for Gold to continue its rise in consolidation while Crude Oil continues a short term move higher. The US Dollar Index looks to consolidate in the uptrend while US Treasuries churn in a range sideways. The Shanghai Composite looks to continue broad consolidation while Emerging Markets continue the downtrend.

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, has bounced along against a support area all of 2019. It continues into 2020 as it starts to lift off of support. The RSI is rising towards the mid line with the MACD crossing up. Look for continuation to participate…..

Costco, Ticker: $COST

Costco, $COST, broke above resistance in January but then fell back. It looked like a failed break out until reversing last week and ending up back at the high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate….

General Dynamics, Ticker: $GD

General Dynamics, $GD, fell back to the 200 day SMA in October and held there for a month. It bounced to a lower high in November and then fell back again creating a consolidation range. It is now at the top of the range with the RSI rising in the bullish zone and then MACD moving higher and positive. Look for a break over resistance to participate…..

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, peaked in November and then gapped down. It found support at the cross of the 50 and 200 day SMA and started back higher almost immediately. It stalled upon filling the gap 3 weeks ago and pulled back to a higher low. Now it is back at the gap fill level with the RSI rising and the MACD crossed up and positive. Look for a push over resistance to participate…..

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, has made a series of lower highs since topping in July. But it has also made higher lows since the bottom in August. It is now at resistance with the RSI rising in the bullish zone and the MACD lifting and 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 saw the first week of February end with some profit taking after a strong week for equities.

Elsewhere look for Gold to possibly pause in the uptrend while Crude Oil may pause in the downtrend. The US Dollar Index looks strong and ready for more upside while US Treasuries start a new uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets look like a volatile directionless mess.

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

Assembly Biosciences, Ticker: $ASMB

Assembly Biosciences, $ASMB, started up out of consolidation late last year. It took a couple of steps up before settling into another consolidation in March that lasted until the end of August. The move higher from there met resistance in October and pulled back then reversed and is back at the prior high coming into the week. The RSI is rising and bullish and the MACD moving up. Look for a push to a new high to participate.....

Comerica, Ticker: $CMA

Comerica, $CMA, started higher off of a low in September. It paused as it hit a new high in October and then jumped again. It met resistance and pulled back in November to the 50 day SMA and then reversed higher. Now it is back at the high coming into the week. The RSI is rising and the MACD is about to cross up, supporting more upside. Look for a push higher to participate.....

Marathon Oil, Ticker: $MRO

Marathon Oil, $MRO, made a high in December and then pulled back for the next 6 months. It had a failed bounce in July and then made a lower low in August, before rising in a move that is sticking. It started to pullback from a top earlier this month and then reversed to close the past week. The RSI is reversing higher as well and the MACD is slowing its descent and leveling. Look for continuation to participate higher.....

ServiceNow, Ticker: $NOW

ServiceNow, $NOW, started higher off of its 200 day SMA at the beginning of the year. The initial move failed in February and it pulled back to a low in April. From there is has steadily trended higher. In the short term, it enters the week consolidating under resistance with tight Bollinger Bands®. The RSI has turned higher and the MACD is trying to cross up. Look for a push over resistance to participate.....

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, started moving higher in May, breaking a downtrend in June. It had an interim peak in July before a mild pullback and a new run higher that stalled in October. Since then it has been consolidating as it draws to the rising 20 day SMA. The RSI is bullish and the MACD trying to turn up. Look for a push to a new 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 with November options expiration behind sees the markets driving into the shortened Thanksgiving week with a changing of the guard to the small caps.

Elsewhere look for Gold to continue in its uptrend while Crude Oil works through short term resistance. The US Dollar Index pauses in its short term uptrend while US Treasuries consolidate. The Shanghai Composite is taking a breather in its uptrend and Emerging Markets are consolidating their move higher.

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

Ashland, Ticker: $ASH

Ashland, $ASH, rose steadily from January through to a top in June. It consolidated and then pulled back violently over the last 4 weeks. Friday it touched the 200 day SMA and printed a Hammer (possible reversal). The RSI and MACD are both oversold and showing signs of reversing. Look for a higher close Monday to participate higher.....

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, consolidated over the winter and then dropped back in March. Since then it has moved steadily higher reaching the latest consolidation zone 2 weeks ago and settling. The RSI is overbought but pulling back while the MACD is near a cross down. Look for a push out of consolidation to participate higher or on the short side.....

IDEXX Labs, Ticker: $IDXX

IDEXX Labs, $IDXX, rose from a November low to consolidate from December through February. It took off from there to a new consolidation over support from May through July. It broke that support to the downside to start August and has consolidated since. The RSI stalling in the bearish zone while the MACD is falling. Look for push lower to participate to the downside.....

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, moved higher with a gap up out of consolidation in April. It continued until a new plateau started to build in June over support. The consolidation has tightened and has price pinned between the 20 and 50 day SMA over the last 4 weeks. The RSI is holding in the bullish range with the MACD leveling. Look for a push higher to participate to the upside.....

Toronto Dominion, Ticker: $TD

Toronto Dominion, $TD, is pulling back from a lower high and entering a prior support/resistance range. The RSI is at the lower edge of the bullish zone with the MACD falling and near zero. Look for a bounce or break lower to participate further.....

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 sees the equity markets showing some signs of tiring, especially the IWM.

Elsewhere look for Gold to continue higher while Crude Oil consolidates at resistance. The US Dollar Index bounce may be over while US Treasuries are biased higher in the short run. The Shanghai Composite and Emerging Markets are both looking better to the downside short term in their uptrends.

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

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, has plodded methodically higher since the beginning of the year. It made a high 2 weeks ago and pulled back, setting up for a chance to get in the stock if you have missed the run. The Bollinger Bands® are squeezing, often a precursor to a move, and the RSI is turning back higher after working off an overbought condition. The MACD is starting to level after pulling back. Look for a push over short term resistance to participate higher.....

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, started higher in December. It paused on the move higher for a month and then resumed to a top the first of March. Since then it pulled back in a 2 steps to a low in May and then reversed. Last week it made a high near the March top and pulled back. Friday saw a bullish engulfing candle, suggesting more upside. The RSI is in the bullish zone and rising while the MACD is also moving higher. Look for a push to new highs to participate.....

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, pulled back from a top in December finding support finally in April. The price action from February through to last week has been a consolidation of that drop. It ended when the price broke to the upside. It failed early and fell back but Friday pushed back higher. The RSI is bullish and rising while the MACD is also rising. Look for continuation to participate higher.....

Toronto-Dominion, Ticker: $TD

Toronto-Dominion, $TD, started higher out of consolidation in September. It ran higher to ta top in February before starting a 3 month decline. That bottomed out under the 200 day SMA in May and reversed higher. Now it is stalling near the April consolidation zone and the 10 day SMA. The RSI is bullish and rising while the MACD is rising. Look for a new push higher to participate.....

Tiffany, Ticker: $TIF

Tiffany, $TIF, started a run higher in February, peaking in March just under 100. It made a small pullback from there, consolidated and then gapped down in May. Following the gap down it reversed above the consolidation before the recent pullback. Friday saw a bullish Marubozu candle, a foreboding for more upside. The RSI is also turning back higher in the bullish zone and the MACD is level and positive, avoiding a cross down. Look for continuation 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 saw with Options Expiration and the June FOMC meeting in the rear view mirror, equities looking to emerge on the other side mainly unscathed. There is consolidation in the SPY and IWM but perhaps more damage in the QQQ.

Elsewhere look for Gold to continue to pullback while Crude Oil trends lower. The US Dollar Index has moved to consolidation in its pullback while US Treasuries are biased to continue higher. The Shanghai Composite and Emerging Markets are biased to the upside with the Chinese market drifting up, while Emerging Markets consolidate in their longer trend up.

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.