#$atml

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

American Eagle Outfitters, Ticker: $AEO

American Eagle Outfitters, $AEO, had a long pullback through 2013 and the first half of 2014. That reversed and it has been trending higher, nearly revealing 18 in April. The shallow pullback touched the 100 day SMA and moved back up to the prior high. Some short consolidation and a third touch and peek above resistance makes it interesting.

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, pulled back from a high in December over 200. It started as a broad consolidation but then lost support and dropped to a new low in May. Since then it has bounced and is now testing resistance of that broad consolidation range again. The RSI is bullish and rising while the MACD avoided a cross down and is rising as well.

Atmel, Ticker: $ATML

Atmel, $ATML, broke above resistance June (was a winning Top 10 Pick then) and rose to 10.50. Since then it has pulled back, retracing most of the break out before a reversal Friday. The RSI has also turned up and the MACD is falling, but may be starting to flatten.

Federated Investments, Ticker: $FII

Federated Investments, $FII, has had a long trend higher. It is one of those stocks where you have been looking for an entry for a while to follow this trend but the stock has not given one since March. That looks to have change last week with the reversal higher off of the 200 day SMA. The RSI is turning up as well with the MACD left to reverse.

Lending Tree, Ticker: $TREE

Lending Tree, $TREE, moved out of a consolidating range in June and started higher. The price is now consolidating again at 80 as the RSI moves sideways in the bullish zone and the MACD works lower. The very large volume Wednesday and Thursday suggest a move may be coming.

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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 July Options Expiration week sees the equity markets still looking vulnerable short term in their longer term uptrends.

Elsewhere look for Gold continue to test the downside while Crude Oil also turns lower. The US Dollar Index seems ready to move higher in its consolidation while US Treasuries are biased lower in their consolidation. The Shanghai Composite and Emerging Markets are both bouncing and need to be watched carefully to see if the moves are real.

Volatility looks to remain in the elevated range of this low level, continuing to lessen the tail wind for the equity index ETF's SPY, IWM and QQQ. Their charts show the IWM looking the best short term as they all try to hold and reverse higher, while the QQQ and IWM look good longer term as the SPY is weakest. Use this information as you prepare for the coming week and trad'em well.

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

Atmel, Ticker: $ATML

Atmel, $ATML, is back at resistance that has held it since September. This time it comes from a higher low. As it consolidates under resistance the RSI is bullish and strong while the MACD is just leveling, not pulling back. A break above 9 would trigger a Measured Move to 10.20.

Chicago Bridge & Iron, Ticker: $CBI

Chicago Bridge & Iron, $CBI, had a long move lower that found a bottom in February. Since then it has stair stepped higher. Two weeks ago it made a high, outside of the Bollinger Bands® and has been pulling back ever since. But the Hammer reversal candle Thursday was confirmed higher Friday. The RSI has already turned up but with the MACD still falling.

ImmunoGen, Ticker: $IMGN

ImmunoGen, $IMGN, started higher in December reaching a top in April near 10.50. After a pullback that found support in May it started back higher and is rising along trend support. What makes this interesting now is that the Bollinger Bands are opening higher. The RSI is over the mid line and the MACD is rising, both supporting further upside price action.

MasterCard, Ticker: $MA

MasterCard, $MA, fell out of a symmetrical triangle in September but it turned out to be a false breakdown as the price quickly found support and rose. It has made two steps higher, with the current one looking like a Cup and Handle pattern. As it pulls back in the Handle the RSI is falling but remains positive, while the MACD is falling.

Pandora Media, Ticker: $P

Pandora Media, $P, had been pulling back since making a top in March 2014. the first leg brought it to 22 and then it bounced before starting the second leg lower in June 2014. That leg achieved the Measured Move lower in February. Since then notice the rounding bottom that has been building. Now it is at resistance with the RSI in the bullish zone while the MACD is trying to cross up. 

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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 June sees the equity markets as mixed, with the QQQ strong but the SPY and IWM showing some short term weakness.

Elsewhere look for Gold to continue to hold between 1180 and 1200 while Crude Oil consolidates with an upward bias. The US Dollar Index looks to continue higher while US Treasuries also are looking stronger, possibly breaking their downtrend. The Shanghai Composite is in pullback mode in the uptrend but at a good support level, while Emerging Markets are falling and look weak.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts are a bit mixed, with all better on the weekly timeframe than the daily, and the QQQ's the strongest short term while the SPY and IWM may pullback. Use this information as you prepare for the coming week and trad'em well.

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

ARM Holdings, Ticker: $ARMH

ARM Holdings, $ARMH, has had a strong trend higher off of a bottom in October. It pulled back near the 20 day SMA after a peak to start March, and is now moving back to that peak. As it rises the RSI is in the bullish zone and the MACD is kinking up. There has been strong Call buying in the name recently as well.

Atmel, Ticker: $ATML

​Atmel, $ATML, is back testing a resistance zone its third touch there. The last two have come after some consolidation following a move higher off of a low in October. As it probes resistance the RSI is bullish and rising and the MACD is crossing up. 

E*Trade Financial, Ticker: $ETFC

E*Trade Financial, $ETFC, has been moving higher out of some consolidation to end 2014 and start 2015. The 20 day SMA has been a guide higher and last week saw another pullback to that level before a move up Friday. The RSI is bullish and the MACD is already starting to level after a pullback.

Honeywell, Ticker: $HON

Honeywell, $HON, has been trending higher in a channel since April 2014. It touched the top of the channel Friday before pulling back, on very strong volume. The RSI remains bullish and is rising while the MACD is crossing up. Perhaps this is the time it pushes through the channel.

Plum Creek Lumber, Ticker: $PCL

Plum Creek Lumber, $PCL, rose off of a low in October as well. This stock then made a top in February before pulling back to the 100 day SMA 2 weeks ago. Now rising again, it is testing short term resistance. The RSI is rising and on the verge of a move in to the bullish zone while the MACD has crossed up, both supporting more upside. And the Bollinger Bands® are opening higher as well.

If you like what you see sign up here for how to trade these, more ideas and deeper analysis.

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 spring, College Basketball's March Madness, the April options cycle and the last full week of March, sees the equity markets are looking strong.

Elsewhere look for Gold to bounce higher in its downtrend while Crude Oil consolidates in its downtrend. The US Dollar Index is consolidating the move up and US Treasuries are looking strong. The Shanghai Composite is also strong and looks to move higher while Emerging Markets are biased to the upside in the short run but not looking really strong.

Volatility looks to remain subdued and drifting lower keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts also look good for more upside with the IWM the strongest even at all-time highs, and the SPY and QQQ showing signs of a possible short term pause before another move up. Use this information as you prepare for the coming week and trad'em well.