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

AIG, Ticker: $AIG

AIG, $AIG, was in a long consolidation when it broke to the downside in February. It dropped quickly, giving up over 65% of its value in a month before finding support. It bounced then fell back to a higher low in April and has been tightening consolidation since. The RSI is on the edge of a move into the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Ashland, Ticker: $ASH

Ashland, $ASH, started lower in February, and reached a bottom in mid-March. Since then it has moved higher, until encountering resistance at the end of April. it has consolidated there since. The RSI is on the edge of the bullish zone with the MACD lifting and positive. Look for a push over resistance to participate…..

BioMarin Pharmaceutical, Ticker: $BMRN

BioMarin Pharmaceutical, $BMRN, started higher in March, and broke above the February high a month later. It pulled back to the 20 day SMA and bounce. Since then it has been consolidating under resistance. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Encompass Health, Ticker: $EHC

Encompass Health, $EHC, bottomed in March and then reversed higher. It stalled as it reached the 50 day SMA and pulled back. Last week it moved back higher and ended consolidating the move. The RSI is flat in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate….

The Bancorp, Ticker: $TBBK

The Bancorp, $TBBK, fell from a double top in March and reached a bottom 2 weeks later. Since then it has been moving higher and has now reached resistance. The RSI is rising towards the bullish zone with the MACD turning 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 the Memorial Day Weekend and unofficial start of summer, sees equity markets posted a strong week with signs of potential range breaks to come.

Elsewhere look for Gold to continue to consolidate while Crude Oil moves to the upside. The US Dollar Index continues to churn sideways while US Treasuries consolidate as well. The Shanghai Composite looks to be reversing lower while Emerging Markets consolidate under resistance.

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

Cadence Design Systems, Ticker: $CDNS

Cadence Design Systems, $CDNS, jumped in February 2017 and then trended higher for the rest of the year, making a top at the end of November. It pulled back from there to the 50 day SMA and held, rising it for a month, before dropping below it. A bounce then brought it back to the prior top where it is finding resistance. The RSI is pushing up in the bullish zone with the MACD rising. Look for a push over resistance to participate higher.....

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, peaked in August after a gap higher. It immediately started to drop and found support at the 200 day SMA. After a weak bounce it dropped again, this time through the 200 day SMA, finding support at the end of October. Since then it rose and met resistance at the 100 day SMA. It is now pressing on that spot for the third time. The RSI is on the edge of a move into the bullish zone with the MACD rising and positive. Look for a push up through resistance to participate.....

Encompass Health, Ticker: $EHC

Encompass Health, $EHC, started higher in August with a move up off of the 200 day SMA. It pulled back to touch the 200 day SMA two more times over the next 3 months before gapping higher. it consolidated there for some time with higher lows until a jump at the beginning of the year. The price fell back to retest the breakout and then reversed and is now back at the high. The RSI is bullish and rising with the MACD also moving up. Look for a push over resistance to participate.....

Schneider National, Ticker: $SNDR

Schneider National, $SNDR, went public in April and did nothing its first month. In May it started moving higher and has continued, with a couple of pauses along the way to the current top. Friday saw a third move to resistance on a strong candle. The RSI is pushing higher in the bullish zone with the MACD trying to turn up after resetting lower. Look for a push over resistance to participate higher.....

Weyerhaeuser, Ticker: $WY

Weyerhaeuser, $WY, rose up out of consolidation in September, running to a top at the beginning of December. It has pulled back in a channel, a bull flag, since then. The RSI is making a higher high as it runs up in the bullish zone while the MACD is crossing up and positive. Look for a break of the flag higher 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 with January Options Expiration behind, sees the Equity markets looking extremely strong and perhaps overheated.

Elsewhere look for Gold to pause in its uptrend while Crude Oil slows as it hits resistance as well. The US Dollar Index looks destined to move lower while US Treasuries are biased lower in consolidation. The Shanghai Composite and Emerging Markets are poised to continue to new multi-year highs.