#$allt

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

Allot, Ticker: $ALLT

Allot, $ALLT, rose to a top in May from a March low. It pulled back slightly and digested before a retest at that top in August. Since then it has moved to a lower low and consolidated. Friday it pushed of the top of the consolidation zone. The RSI is rising again and the MACD about to cross up. Look for continuation to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, rose from a March low and did not pause until crossing the 200 day SMA. It pulled back to test it as support twice before another leg higher to a top in August. it has consolidated under resistance there since. The RSI is moving higher in the bullish zone with the MACD flat after a pullback. Look for a push over resistance to participate…..

Dollar General, Ticker: $DG

Dollar General, $DG, rose quickly from a March low into mid-April. It slowed from there but has continued higher since. It made a top in August and pulled back but has since reversed and made a new all-time high Friday. The RSI is rising and bullish with the MACD moving higher. Look for continuation to participate…..

Olin, Ticker: $OLN

Olin, $OLN, bottomed in March and then bounced. it stalled as it hit the 200 day SMA and pulled back. After regrouping it rose again only to stall at the 200 day SMA again and retreat. It held over support at lower levels then making its first higher high Friday. The RSI is rising in the bullish zone with the MACD moving higher. Look for continuation to participate…..

PayPal, Ticker: $PYPL

PayPal, $PYPL, started higher in March and continued to a top in early September. It has pulled back from there and comes into the week at the 100 day SMA. The RSI is into the bearish zone with the MACD negative and dropping. Look for a break out 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 September options expiry ended sees equity markets pulled back after an early start higher.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil moves higher in the short term. The US Dollar Index looks to continue to consolidate the recent drop while US Treasuries mark time after pulling back slightly in their uptrend. The Shanghai Composite looks to remain in broad consolidation while Emerging Markets consolidate under long term resistance.

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.

AMCC Helped Move Kingdom Ridge up an estimated 12.3% for May 2015 - the fully hedged version returns 9.75%

Kingdom Ridge Capital Llc generated a 12.32% return on their publicly disclosed long portfolio for the month ending May 2015, outperforming the S&P500 by 1231 basis points (bps). On a hedged basis, the portfolio would have returned 9.75% StockAlpha over the same period. Kingdom's StockAlpha reflects the net return if each security in their portfolio was hedged with a sector ETF, such that the resulting portfolio was market, beta and sector neutral. StockAlpha in the Tech sector contributed the most to StockAlpha during the month.

Positive Contributors to Kingdom's Returns

Kingdom’s position in Applied Micro Circuits Inc. (AMCC) contributed the most to the performance of the manager’s long-portfolio during the month. Over the month of May 2015, Kingdom's 44.7% position in Applied Micro Circuits Inc. (AMCC) increased in value by 20%, contributing 8.94% (44.7%*20%=8.94%)to the long portfolios overall return. Looking at Kingdom's portfolio through a fully hedged StockAlpha lens, the holding of Applied Micro Circuits Inc. (AMCC) also provided the largest contribution to fully hedged returns. Applied Micro Circuits Inc. (AMCC) returned 20% during the month compared to the Tech sector, which returned 1.9%. As a result, after taking into account Applied Micro Circuits Inc. (AMCC)'s beta relative to its sector, the position contributed 7.7% of StockAlpha to the Kingdom’s monthly performance.

Negative Contributors to Kingdom's Returns

Much of the drag on Kingdom’s long-portfolio during the month can be attributed to the holding of Allot Communications Ltd (ALLT). Over the month of May 2015, the manager's 2.3% position in Allot Communications Ltd (ALLT) returned -13.3%, contributing -0.3% (2.3%*-13.3%=-0.3%)to the long portfolios overall return. Looking at Kingdom's portfolio through a fully hedged StockAlpha lens, the holding of Allot Communications Ltd (ALLT) also provided the most negative contribution to fully hedged returns. Allot Communications Ltd (ALLT) returned -13.3% during the month compared to the Tech sector, which returned 1.9%. As a result, the position contributed -0.4% of StockAlpha to the manager’s monthly performance.

Overlap with other hedge funds