#$ci

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

ADP, $ADP, 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…

CBOE, $CBOE, comes into the week pulling back to support and prior resistance. It has a RSI falling at the midline with the MACD crossing down. Look for a drop through support to participate…

Cigna, $CI, comes into the week at support. It has a RSI falling to the midline with the MACD crossing down. Look for a drop through support to participate…

Gilead Sciences, $GILD, comes into the week falling back to support. It has a RSI dropping near the bearish zone with the MACD dropping toward negative. Look for a fall through support to participate…

KBR, $KBR, comes into the week nearing support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support 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 the release of the first round of tariffs since 1930, saw equity markets reacted with their worst week (2 days) since March of 2020.

Elsewhere look for Gold to continue to hold over $3000/oz while Crude Oil collapses into a downtrend. The US Dollar Index continues to drift to the downside in consolidation while US Treasuries continue in consolidation. The Shanghai Composite looks to continue to consolidate the short term move higher while Emerging Markets may be entering a new downtrend.

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

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, 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…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week having broken above resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Cencora, Ticker: $COR

Cencora, $COR, 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, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week breaking resistance. The RSI is in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Williams Cos, Ticker: $WMB

Williams Cos, $WMB, comes into the week approaching resistance. It has a RSI in the bullish zone with a MACD positive. 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 heading into the heart of earnings season, saw equity markets show early strength but get spooked at the end of the week, giving up most or all of their gains.

Elsewhere look for Gold to continue its possible reversal to the upside while Crude Oil drives higher as well. The US Dollar Index looks to continue to move to the upside while US Treasuries settle in their uptrend. The Shanghai Composite looks to continue lower while Emerging Markets consolidate over long term support.

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week piercing resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push higher to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Vertex Pharmaceuticals, Ticker: $VRTX

Vertex Pharmaceuticals, $VRTX, comes into the week at resistance. It has RSI in the bullish zone with the MACD crossing up and positive. 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 heading into July options expiration, saw that equity markets showed strength moving higher all week until some profit taking Friday.

Elsewhere look for Gold to possibly reverse higher while Crude Oil rises in consolidation. The US Dollar Index broke through support and looks to continue lower while US Treasuries remain in consolidation. The Shanghai Composite looks to continue consolidation as well while Emerging Markets continue a short term move higher.

Cigna, $CI, comes into the week moving up towards resistance and the gap from March. This battle between buyers and sellers is taking place at the 50% retracement of the post pandemic move higher. The Bollinger Bands® are flat, neutral. The RSI is poking into the bullish zone on this third attempt with the MACD moving into positive territory. There is resistance at 269 and 276.50 then 282.50 and 287 before 293.75 and 300. Support lower comes at 263 and 254. Short interest is low at 1%. The stock pays a dividend with an annual yield of 1.85% and started trading ex-dividend on June 6th. 

The company is expected to report earnings next on August 2nd. The June options chain shows the biggest open interest at the 280 and 250 then 260 strikes on the put side and at the 280 strike then 250, 260 and 270 on the call side. In the July chain it builds from 260 to a peak at 240 then tails to 230 on the put side. On the call side it is spread from 250 to 310, biggest at 310 then 260. Finally in the October chain open interest is largest at 230 then 220 and 210 on the put side, and focused at 280 on the call side.

Cigna, Ticker: $CI

Trade Idea 1: Buy the stock on a move over 270 with a stop at 260.

Trade Idea 2: Buy the stock on a move over 270 and add a July 260/240 Put Spread ($3.85) while selling the October 300 Call ($4.60).

Trade Idea 3: Buy the July/October 280 Call Calendar ($8.55) while selling the July 240 Put ($1.15).

Trade Idea 4: Buy the October 240/270/290 Call Spread Risk Reversal ($3.00).

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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 June Options Expiration and the FOMC meeting, noted equity market strength as a change of leadership with rotation into the Large Caps and Small Caps at the expense of Tech names, but not sinking Tech stocks.

Elsewhere look for the supporting cast to remain in consolidation. Gold looks to continue its consolidation in a pullback while Crude Oil consolidates in a broad range. The US Dollar Index looks to pullback in consolidation while US Treasuries churn sideways. The Shanghai Composite looks to continue in a short term consolidation while Emerging Markets consolidate in a tight range.

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

Cigna, Ticker: $CI

Cigna, $CI, comes into the week rounding up off a touch at the 200 day SMA. It has a RSI rising and a MACD turning to cross up. Look for continuation to participate…..

Coty, Ticker: $COTY

Coty, $COTY, comes into the week pushing on resistance. The RSI is strong in the bullish zone with the MACD flat. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week at resistance. It has a RSI rising to the midline with the MACD crossed up. Look for a push over resistance to participate…..

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week at resistance. It has a RSI rising and a MACD crossed up. Look for a push over resistance to participate…..

Global Payment, Ticker: $GPN

Global Payment, $GPN, 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…..

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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 February options expiration, saw equity markets lost some of their strength, giving back some of the recent gains, but remained with a bullish bias.

Elsewhere look for Gold to pause in its pullback while Crude Oil consolidates in a tight. The US Dollar Index continues to drift to the upside in the downtrend while US Treasuries consolidate after their bounce move. The Shanghai Composite and Emerging Markets both look to consolidate in their uptrends.

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

Baker Hughes, Ticker: $BKR

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

Citigroup, Ticker: $C

Citigroup, $C, comes into the week approaching resistance. It has a RSI rising through the midline with the MACD moving higher. Look for a push over resistance to participate…..

Cigna, Ticker: $CI

Cigna, $CI, comes into the week at an all-time high. The RSI is rising and bullish with the MACD positive. Look for continuation to participate….

Deere, Ticker: $DE

Deere, $DE, comes into the week pushing through resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for continuation to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD positive and moving higher. 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 October options expiration in the books, saw equity markets showed strength to end the week, continuing higher off the new lows from last week.

Elsewhere look for Gold to continue hold at support in a pullback while Crude Oil consolidates in a downtrend. The US Dollar Index continues to hold at resistance in the uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to pause in its move higher while Emerging Markets continue their downtrend.

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

Cigna, Ticker: $CI

Cigna, $CI, comes into the week at support. The RSI is falling and the MACD dropping near zero. Look for a break of support to participate…..

ConocoPhilips, Ticker: $COP

ConocoPhilips, $COP, comes into the week pulling back from a top. It has a RSI dropping from overbought with the MACD turning towards a cross down. Look for continuation to participate…..

Fifth Third, Ticker: $FITB

Fifth Third, $FITB, comes into the week at support in a downtrend. The RSI is falling in the bearish zone with the MACD rolling over towards a cross down. look for a drop through support to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week dropping to support. The RSI is dropping with the MACD rolling over towards a cross down. Look for a drop through support to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week at support. It has a RSI dropping lower with the MACD crossing down. 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 heading into the June options expiration week and the FOMC meeting, saw equity markets had resumed their blood bath moves to the downside and were testing the May lows.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil drives up to new highs. The US Dollar Index continues its move to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to continue to move higher while Emerging Markets resume the move to the downside.