#$amgn

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

Ally Financial, $ALLY, comes into the week at resistance. It has an RSI rising in the bullish zone with the MACD turning positive. Look for a push over resistance to participate…

Amgen, $AMGN, comes into the week rounding up out of a pullback. It has a RSI rising in the bullish zone and the MACD positive. Look for continuation to participate…

GE Aerospace, $GE, comes into the week breaking above resistance. It has an RSI in the bullish zone and a MACD positive and rising. Look for continuation to participate…

Intel, $INTC, comes into the week at resistance. It has an RSI rising in the bullish zone and a MACD positive and curling up. Look for a push over resistance to participate…

JP Morgan Chase, $JPM, comes into the week pushing over resistance. It has an RSI rising 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 the FOMC meeting and June options expiration, saw equity markets appearing to have stopped the damage with small caps leading at all-time highs.

Elsewhere, look for Gold to continue a short term downtrend while Crude Oil settles under $90/bbl, near support and a change of character to a downtrend. The US Dollar Index looks to drift lower near the top of the range while US Treasuries continue to hold over support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue the short term trend to the downside while Emerging Markets look to recover from the pull back in their uptrend.

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.

Amgen, $AMGN, comes into the week approaching resistance. It is back over its 100 day SMA as well with the Bollinger Bands® pointing higher. It has an RSI rising in the bullish zone with the MACD positive and moving higher. There is resistance at 360 and 364 then 372 and 380 before 385 and 388. Support is at 356 and 351.50 before 345. Short interest is low at 2.3%. The stock pays a dividend with an annual yield of 2.81% and has traded ex-dividend since May 15th.

The company is expected to report earnings next on August 3rd. The July options chain shows biggest open interest at the 325 and 305 strike puts and at the 375 strike call. In the August chain open interest is biggest at 300 on the put side and 310 on the call side. Finally, in the September chain open interest is biggest at the 330 put and the 350 call.

Amgen, $AMGN

Trade Idea 1: Buy the stock on a move over 360 with a stop at 350.

Trade Idea 2: Buy the stock on a move over 360 and add a July 355/345 Put Spread ($5.21) while selling the August 390 Call ($5.00).

Trade Idea 3: Buy the July/August 375 Call Calendar ($8.28) while also selling the August 330 Puts ($6.15).

Trade Idea 4: Buy the August 330/365/390 Call Spread Risk Reversal ($4.35).

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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 2 trading days left in the month of June, saw equity markets settling into a consolidation zone for the large caps as money rotates into the flying small caps.

Elsewhere, look for Gold to continue a short term downtrend while Crude Oil joins with its own short term downtrend. The US Dollar Index looks to continue higher testing a break of the 15 month range and morphing into an uptrend while US Treasuries continue to hold over support in consolidation. The Shanghai Composite looks to continue the consolidation in a slow drifting range higher while Emerging Markets pause after a long run of new highs in their uptrend.

Amgen, $AMGN, comes into the week trying to move up out of a bull flag. It has a RSI in the bullish zone with the MACD positive. There is no resistance above 385. Support lower is at 362.50 and 351. Short interest is low at 2.5%. The stock pays a dividend with an annual yield of 2.73% and has traded ex-dividend since Friday. The company is expected to report earnings next on April 29th.

The February options chain has open interest spread from 367.50 to below 320, with a larger slug at 315, on the put side and focused and large at 365 on the call side. In the March chain it builds to a peak at 300 on the put side and is large at 350 and 360 below and 390 above on the call side. The April chain has largest open interest at the 310 put and above at the 370 call while bigger at 305 below.

Trade Idea 1: Buy the stock on a move over 371 with a stop at 359.

Trade Idea 2: Buy the stock on a move over 371 and add a March 360/340 Put Spread ($5.00) while selling the April 400 Calls ($4.55).

Trade Idea 3: Buy the March/April 385 Call Calendar ($5.20) while selling the April 340 Puts ($4.55).

Trade Idea 4: Buy the April 340/375/400 Call Spread Risk Reversal ($4.45).

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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 Washington’s Birthday Exchange Holiday and after absorbing both Non-Farm Payrolls and CPI data, saw equity markets show they could use a rest getting knocked back a bit on the week.

Elsewhere, look for Gold to drift between $5000 and $5100 continuing to digest the long move up while Crude Oil moves slightly higher in the consolidation range. The US Dollar Index is showing some weakness again heading toward a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone. The Shanghai Composite looks to be pausing in the uptrend while Emerging Markets reach for new all-time highs in their uptrend.

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

AMGEN, $AMGN, comes into the week 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…

American Express, $AXP, 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…

Gilead Sciences, $GILD, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

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

LPL Financial, $LPLA, comes into the week approaching resistance. It has a RSI rising thorough the midline with the MACD crossed up. 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 with October Options Expiration in the rearview mirror saw equity markets hold up well into the start of earnings season despite rising volatility.

Elsewhere, look for Gold to continue the uptrend to new all-time highs while Crude Oil moves lower in a short term downtrend to the bottom of consolidation. The US Dollar Index continues to drift down in consolidation, while US Treasuries hold higher in their consolidation, continuing to tease of a reversal higher. The Shanghai Composite looks to continue the short term consolidation in the uptrend near 10 year highs while Emerging Markets also continue their uptrend to new 4 year highs.

Amgen, $AMGN, comes into the week quickly back at resistance after a pullback. The Bollinger Bands® are opening to allow more movement. The RSI is rising in the bullish zone with the MACD crossed up and positive. There is resistance at 298.50 and 304.50 then 311.50 and 319 before 328.50 and 337.50. Support lower is at 295 and 291.50 then 289. Short interest is low at 2.5%. The stock pays a dividend with an annual yield of 3.19% and has traded ex-dividend since May 16th.

The company is expected to report earnings next on August 5th. The July options chain has biggest open interest at the 280 then 290 and 275 put strikes. On the call side it is biggest at 300 the 320 and 290. In the August chain open interest builds from 310 to a peak at 260 on the put side, but is large and focused at 315 on the call side. Finally, the September chain shows open interest spread from 310 to below 250 on the put side and a build from 280 to a peak at 300 then tailing to 340 on the call side.

Trade Idea 1: Buy the stock on a move over 298.50 with a stop at 288.50.

Trade Idea 2: Buy the stock on a move over 298.50 and add a July 290/280 Put Spread ($1.90) while selling the August 325 Call ($2.00).

Trade Idea 3: Buy the July/August 310 Call Calendar ($5.40) and sell the August 275 Put ($3.70).

Trade Idea 4: Buy the September 275/305/325 Call Spread Risk Reversal ($2.40).

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 closing out the 2nd Quarter and heading into the July 4th Holiday, saw equity markets exhibit renewed strength with strong moves higher.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues a short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets continue their break to the upside.

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

Affirm, Ticker: $AFRM

Affirm, $AFRM, comes into the week approaching resistance. It has a RSI rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week rounding out of a pullback. IT has a RSI rising through the midline with the MACD crossing up. Look for continuation to participate…

Abercrombie & Fitch, Ticker: $ANF

Abercrombie & Fitch, $ANF, comes into the week approaching resistance. It has a RSI near the bullish zone with the MACD positive. Look for a push over resistance to participate…

Arm, Ticker: $ARM

Arm, $ARM, 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…

Exact Sciences, Ticker: $EXAS

Exact Sciences, $EXAS, 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…

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 inflation reports behind us, saw that equity markets showed strength, the SPY ending at an all-time high.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to reverse lower while Emerging Markets consolidate the start of an uptrend.

Amgen, $AMGN, comes into the week approaching resistance at the all-time high. The Bollinger Bands® have tightened, often a precursor to a move, as price rises off a higher low. The RSI is rising above the midline with the MACD positive and moving higher. There is no resistance above 337. Support lower sits at 330 and 325 then 320. Short interest is low at 1.6%. The stock pays a dividend with an annual yield of 2.71% and has traded ex-dividend since August 16th.

The company is expected to report earnings next on October 29th. The September options chain shows biggest open interest at the 310 strike on the put side, then 330. On the call side it is biggest at 340 then 350. In the November chain open interest is spread from 325 to 300, biggest at 300, on the put side. The call side is spread from 315 to 375, biggest at 315. Finally, the November chain has biggest open interest at the 325 put and 335 call.

Amgen, Ticker: $AMGN

Trade Idea 1: Buy the stock on a move over 337 with a stop at 325.

Trade Idea 2: Buy the stock on a move over 337 and add an October 330/320 Put Spread ($3.60) while selling the October 350 Call ($3.15).

Trade Idea 3: Buy the October/November 350 Call Calendar ($7.60) while selling the October 320 Put ($4.20).

Trade Idea 4: Buy the November 315/340/370 Call Spread Risk Reversal (50 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 heading into the September FOMC meeting and Options Expiration, saw equity markets showing strength with a rebound from the week prior.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a short term downtrend. The US Dollar Index continues to drift lower in consolidation while US Treasuries are on the edge of a reversal to an uptrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate.