#$adbe

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

CME Group, Ticker: $CME

CME Group, $CME, 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…..

Fedex, Ticker: $FDX

Fedex, $FDX, 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…..

Morgan Stanley, Ticker: $MS

Morgan Stanley, $MS, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a move away 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 unofficial end of summer and with August in the books, saw equity markets show a preference for some rest after the 3 week move higher.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tightening range. The US Dollar Index continues to bounce to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support in a possible start of a new uptrend.

Adobe, $ADBE, comes into the week printing a bullish engulfing candle after a 6 day pullback. This happened on increasing volume Friday. The RSI is rising out of oversold territory with the MACD falling and negative. The engulfing candle came at the retest of June low. There is support at 438 and 430 then 420 and 410 before 389. Resistance higher is at 452.50 and 460 then 470 and 475 before 488 and 494. The stock does not pay a dividend.

The company is expected to report earnings next on March 12th. The January options chain shows big open interest from 460 down to below 425 with the biggest at 460 on the put side. On the call side it is spread from 450 to 475 but much smaller. The February chain has biggest open interest at the 425 put and the 475 and 480 calls. Finally, the March chain has biggest open interest at the 400 then 420 and 450 put strikes, and on the call side at 500.

Trade Idea 1: Buy the stock on a move over 452 with a stop at 430.

Trade Idea 2: Buy the stock on a move over 452 and add a January 445/430 Put Spread ($6.20) while selling the February 490 Calls ($6.20).

Trade Idea 3: Buy the January/February 460 Call Calendar ($9.20) while selling the February 425 Puts ($9.15).

Trade Idea 4: Buy the March 420/450/500 Call Spread Risk Reversal ($3.80).

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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 just 5½ trading days left in 2024, saw the week showing a crack in equity markets following the FOMC December meeting.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.

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

Adobe, Ticker: $ADBE

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

Graco, Ticker: $GGG

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

JB Hunt Transport, Ticker: $JBHT

JB Hunt Transport, $JBHT, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Lennar, Ticker: $LEN

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

Target, Ticker: $TGT

Target, $TGT, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD 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 heading into February, sees Punxsutawney Phil is calling for the weather to get warmer and equity markets are looking downright hot.

Elsewhere look for Gold to continue the short term consolidation while Crude Oil falls back into consolidation. The US Dollar Index continues to drift to the upside in consolidation while US Treasuries consolidate after a pullback. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support.

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week moving higher. It has a RSI rising in the bullish zone with the MACD positive and moving up. Look for continuation to participate…..

AIG, Ticker: $AIG

AIG, $AIG, comes into the week approaching recent resistance. It has a RSI in the bullish zone with the MACD positive. look for a push over resistance to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week testing resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Donaldson, Ticker: $DCI

Donaldson, $DCI, comes into the week moving higher. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Eaton, Ticker: $ETN

Eaton, $ETN, comes into the week at an all-time high. It has a RSI in the bullish zone with the MACD positive. 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 the January options expiration in the books, saw equity markets displaying strength with both the large cap S&P 500 and Nasdaq 100 closing at new all-time highs.

Elsewhere look for Gold to continue its pullback in the uptrend while Crude Oil consolidates in a narrow range. The US Dollar Index continues to bounce to the upside while US Treasuries remain in their downtrend. The Shanghai Composite looks to continue its trend lower while Emerging Markets consolidate over long term support.

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week falling back to support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…..

American Express, Ticker: $AXP

American Express, $AXP, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…..

General Electric, Ticker: $GE

General Electric, $GE, comes into the week at support. It has a RSI dropping to the bearish zone with the MACD negative. Look for a drop through support to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…..

Patterson, Ticker: $PDCO

Patterson, $PDCO, comes into the week at support. It has a RSI at the midline with the MACD level and positive. Look for a drop through support 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 just 2 trading days left in October and an FOMC meeting next week, saw equity markets pressing to move past a correction to something bigger.

Elsewhere look for Gold to continue its assault on $2000 while Crude Oil consolidates. The US Dollar Index continues to consolidate the move to the upside while US Treasuries continue in their downtrend. The Shanghai Composite looks better lower while Emerging Markets also remain in a downtrend.

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week rising up toward resistance from support. It has a RSI rising in the bullish zone with the MACD flat and positive. Look for a break of resistance to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week moving toward resistance. It has a RSI rising in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week moving higher. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…..

The Hartford Financial Services Group, Ticker: $HIG

The Hartford Financial Services Group, $HIG, comes into the week at resistance. It has a RSI rising over the midline with the MACD about to turn positive. Look for a push over resistance to participate…..

World Wrestling Entertainment, Ticker: $WWE

World Wrestling Entertainment, $WWE, comes into the week in consolidation. It has a RSI in the bullish zone with the MACD crossed down but positive. Look for a break of consolidation 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 the month of April in the books, saw equity markets showed resilience with a rebound from an ugly start to the week to finish stronger.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation along with Emerging Markets.

Adobe, $ADBE, comes into the week pressing on resistance and at a 4 month high. This is after finding a bottom following a better than 88.6% retracement of the post pandemic move higher. The Bollinger Bands® are opening higher with the 200 day SMA just above. The RSI is rising in the bullish zone with the MACD positive and turning higher. 

There is a gap over head to fill to 365.61 and resistance above that at 368 and 379 then 390 and 395.50. Support lower comes at 356 and 348. Short interest is low under 1%. The stock does not pay a dividend. The company is expected to report earnings next on March 15. 

The February options chain show the biggest open interest at 345 and 350 on the put side. On the call side it is biggest at 380 and 370. In the March chain open interest builds from 360 to a peak at 310 on the put side. On the call side it is biggest at 350 and 340 then close at 370 and 380.

Adobe, Ticker: $ADBE

Trade Idea 1: Buy the stock on a move over 358 with a stop at 348.

Trade Idea 2: Buy the stock on a move over 358 and add a February 350/330 ($5.75) Put Spread while selling a February 380 Call ($4.25).

Trade Idea 3: Buy the February/March 370 Call Calendar ($7.15) and sell the February 330 Put ($4.00).

Trade Idea 4: Buy the March 320/360/375 Call Spread Risk Reversal (65 cents).

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 January options expiration in the books, saw equity markets showed resilience overcoming a strong move lower midweek.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tight range. The US Dollar Index continues to drift to the downside while US Treasuries are trying to mount a short term uptrend. The Shanghai Composite is in a short term uptrend while Emerging Markets continue their trend higher.