#$bac

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week consolidating just under the all-time high. It has a RSI rising in the bullish zone with the MACD flat and positive. look for a push over resistance to participate…..

Bank of America, Ticker: $BAC

Bank of America, $BAC, comes into the week at a 2 year high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week trying to reverse higher. It has a RSI climbing out of oversold with a MACD curling up. Look for continuation to participate…..

BP, Ticker: $BP

BP, $BP, comes into the week at short term resistance. It has a RSI at the midline with the MACD crossing up. Look for a push over resistance to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, 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…..

Start of Summer Annual Sale! Hi all the Start of Summer Annual Sale is on at Dragonfly Capital. Get an annual subscription for 38.2% off or pay quarterly for 15% off. Both auto-renew at that discounted rate until you decide to leave.

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 May in the books, saw equity markets showing some signs of weakness following divergences last week.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil consolidates in a narrow range after a pullback. The US Dollar Index continues to drift to in broad consolidation while US Treasuries continue their downtrend. The short term move higher in the Shanghai Composite looks to be at risk of reversing while Emerging Markets enter a short term downtrend.

Bank of America, $BAC, comes into the week at short term resistance. This is midway through retracing a pullback to the 200 day SMA at the beginning of August. The Bollinger Bands® have squeezed, often a precursor to a move. The RSI is on the edge of the bullish zone with the MACD moving to positive. There is resistance at 41 and 42 then 44.15 and 46 before 48.50 and 50. Support lower is at 40 and 38.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 2.58% and has traded ex-dividend since September 6th. 

The company is expected to report earnings next on October 15th before the open. October options chain shows big open interest at the 40, 39 and 37 strikes on the put side. On the call side it is biggest at 42. The November chain has biggest open interest at the 37 and 36 put strikes. The call side is largest at 45 then 39 and 40 strikes. Finally, the December chain has biggest open interest at the 35 put and 50 call strikes.

Bank of America, Ticker: $BAC

Trade Idea 1: Buy the stock on a move over 41 with a stop at 39.50.

Trade Idea 2: Buy the stock on a move over 41 and add an October 40/38 Put Spread (60 cents) while selling the November 44 Call (45 cents).

Trade Idea 3: Buy the October/November 42 Call Calendar (55 cents) while selling the October 38 Puts (36 cents).

Trade Idea 4: Buy the December 38/42/47 Call Spread Risk Reversal (7 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 heading into the last full week of September, equity markets showed strength following the FOMC’s first rate cut in 4 years.

Elsewhere look for Gold to continue its uptrend while Crude Oil bounces in its downtrend. The US Dollar Index continues to hold lower in consolidation while US Treasuries are failing at levels that could reverse to an uptrend. The Shanghai Composite looks to continue the bounce in  the downtrend while Emerging Markets rise in consolidation.

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

Apple, $AAPL, comes into the week rising to resistance. It has a RSI at the midline with the MACD crossed up but negative. Look for a push over resistance to participate…

Bank of America, $BAC, comes into the week at resistance. It has a RSI at the midline with the MACD curling to cross up. Look for a push over resistance to participate…

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

Hartford Insurance Group, $HIG, comes into the week rounding up from support. It has a RSI rising into the bullish zone and a MACD crossed up. Look for continuation to participate…

Walmart, $WMT, comes into the week rounding out of a pullback. 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 FOMC meeting in the books and a formal announcement of Kevin Warsh as the new Fed Chair nominee, saw equity markets show strength holding near and setting new highs.

Elsewhere, look for Gold to pause in the uptrend after tagging $5600/oz and pulling back while Crude Oil moves higher in the consolidation range. The US Dollar Index is finding its footing after a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone and looking better lower. The Shanghai Composite looks ready to continue the uptrend at 10½ year highs while Emerging Markets reset momentum gauges after making new all-time highs in their uptrend.

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

Bank of America, $BAC, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Johnson & Johnson, $JNJ, comes into the week also breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Lilly, $LLY, comes into the week rounding up from a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

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

Walmart, $WMT, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Up Next: Bonus Idea                                                                                        

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 December FOMC meeting in the books and ahead of the non-farm payroll and CPI reports next week, saw equity markets show strength moving higher until profit taking Friday.

Elsewhere, look for Gold to continue the uptrend and challenge the all-time high while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the downside in consolidation while US Treasuries continue in consolidation and looking better lower. The Shanghai Composite looks to continue the pause in the uptrend after some digestion from the 10 year highs while Emerging Markets hold up in their uptrend.

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

Acadia Pharmaceuticals, $ACAD, comes into the week peeking over resistance. It has a RSI rising at the midline with the MACD crossed up and negative. Look for continuation to participate…

Bank of America, $BAC, 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…

Lennar, $LEN, comes into the week at resistance. It has a RSI at the midline with the MACD negative and rising. Look for a break of resistance to participate…

Morgan Stanley, $MS, 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…

Snowflake, $SNOW, comes into the week breaking resistance. 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 following better than expected inflation data, a great start to earnings season and ahead of the FOMC meeting next week, saw equity markets flourishing at new all-time highs.

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

Here is your Bonus Idea with links to the full Top Ten:

Bank of America, $BAC, comes into the week approaching resistance from the 2022 top and filling the gap from October 2008 (not a typo), a nearly 17 year closing high. The RSI is in the bullish zone with the MACD positive and rising. The Bollinger Bands® are starting to open higher. There is resistance higher at 50 and 51 then 52.75 and 54 before the all-time high at 54.90. Support lower sits at 48.50 and 48. Short interest is low at 1.2%. The stock pays a dividend with an annual yield of 2.26% and will begin trading ex-dividend on September 5th.

The company is expected to report earnings next on October 15th. The September options chain has biggest open interest at the 45 put strike and at 50 on the call side. In the October chain open interest is biggest at the 43 put and builds from 46 to a peak at 50 before falling back on the call side. Finally, in the November chain open interest is biggest at the 46 put strike and the 50 call.

Trade Idea 1: Buy the stock on a move over 50 with a stop at 48.

Trade Idea 2: Buy the stock on a move over 50 and add an October 48/43 Put Spread (95 cents) while selling the November 55 Calls (57 cents).

Trade Idea 3: Buy the September/October 52.50 Call Calendar (58 cents) while selling the October 45 Put (56 cents).

Trade Idea 4: Buy the November 45/52.50/57.50 Call Spread Risk Reversal (9 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 one week left in August and the Jackson Hole Fed Conference in the rearview mirror, saw equity markets finish strong after a continued slosh to the downside early.

Elsewhere, look for Gold to continue toward the top of consolidation in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues to base in the intermediate term move to the downside while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue a new uptrend after breaking the broad consolidation area while Emerging Markets continue their uptrend.

Bank of America, $BAC, comes into the week at resistance with the Bollinger Bands® squeezed, often a precursor to a move. It has a RSI rising in the bullish zone with the MACD positive and reset lower. There is resistance at 45 then 46 and 47 before 48 and 50 and the all-time high at 55 from 2006. Support lower is at 44.25 and 43.75 then 43 and 42.50. Short interest is low at 1.3%. The stock pays a dividend with an annual yield of 2.31% and went ex-dividend Friday.

The company is expected to report earnings next on July 16th. The June options chain shows biggest open interest at the 40 put strike and the 45 call strike. In the July chain open interest is spread from 44 to 36 on the put side, biggest at 40. On the call side it builds from 40 to a peak at 46 then fades to 52.50. Finally, in the August chain, open interest is biggest at the 37 put strike and at 50 on the call side.

Trade Idea 1: Buy the stock on a move over 45 with a stop at 43.50.

Trade Idea 2: Buy the stock on a move over 45 and add a June 44 Put (35 cents) while selling the July 49 Call (31 cents).

Trade Idea 3: Buy the June/July 47 Call Calendar (70 cents) while selling the July 42 Put (57 cents).

Trade Idea 4: Buy the August 42/46/50 Call Spread Risk Reversal (35

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 June non-farm payroll report in the rearview mirror, saw equity markets show continued progress moving back towards their all-time highs.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets break to the upside.