#$etfc

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

Alcoa, Ticker: $AA

Alcoa, $AA, moved lower from consolidation in October, finding a bottom in December. Since then it has bounced and consolidated against resistance. it ended the week back at resistance with the RSI rising into the bullish zone and the MACD turning positive. Look for a move over resistance to participate higher…..

Deere, Ticker: $DE

Deere, $DE, started to pullback in February last year and then transitioned into a broad sideways consolidation. After making a higher low in December it looks to have changed course again to the upside. In January it made a higher high and has been consolidating under resistance since. Friday ended a strong 3 day move up to resistance. The RSI is pushing into the bullish zone and the MACD turning back up and positive. Look for a push over resistance to participate…..

E*TRADE, Ticker: $ETFC

E*TRADE, $ETFC, started moving lower in June and also found a bottom Christmas Eve. It bounced from there and met resistance at the November consolidation range and was knocked back. It made a higher low and is now trying to turn back up. The RSI is rising to the bullish zone with the MACD positive and moving up. Look for a push over resistance to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, made a high in December and then reversed lower. It found support later that month and has moved higher since. Last week it consolidated a move up. The RI is rising in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, made a bottom Christmas Eve and then bounced. It stalled at the 200 day SMA and pulled back to a higher low then reversed to the 200 day SMA again. Another higher low and then a fast move higher. It is consolidating that move in a bull flag with the RSI bullish and the MACD rising and positive. Look for a push 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 heading into the last week of February sees the equity markets continuing to look strong but also continuing to remain below an all clear level.

Elsewhere look for Gold to possibly pause in its uptrend while Crude Oil resumes the path higher. The US Dollar Index looks to continue to move sideways while US Treasuries are consolidating at resistance. The Shanghai Composite and Emerging Markets are continuing their trends higher.

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

Aflac, Ticker: $AFL

Aflac, $AFL, has had a long steady run higher. In January that run hit resistance and pulled back, first to the 50 day SMA and then through it. It bounced back to that resistance level but failed to break through each time. The pullbacks have made higher lows though as it consolidates. The price is moving back higher as we start the week with the RSI rising in the bullish zone and the MACD moving higher and positive. Look for a push to new highs to participate.....

E*Trade, Ticker: $ETFC

E*Trade, $ETFC, rose out of consolidation in November and made a top in January. It pulled back with the market into February, touching its 100 day SMA before reversing. Then it made a higher high into March before a second pullback, this one to a higher low. It settled on the 50 day SMA and was rising steadily until last week. A minor pullback met the rising trend and it reversed higher again. The RSI is rising and bullish with the MACD moving higher. Look for continuation to participate to the upside.....

FedEx, Ticker: $FDX

FedEx, $FDX, ended its move higher in January and pulled back into consolidation. It touched its 100 day SMA and then moved sideways under resistance and over the 100 day SMA into late March. It then dropped harder, testing the 200 day SMA and bounced again, back to the same resistance. A weaker pullback found support at the 50 day SMA last week and turned back up. The RSI is also turning up form a higher low with the MACD avoiding a cross down and turning higher. Look for a push through resistance to participate higher.....

Halliburton, Ticker: $HAL

Halliburton, $HAL, broke above resistance in December on its way to a top at the end of January. The Shooting Star at the top was confirmed as a reversal and then it pulled back to retest the break out. A slight overshoot and then it settled. It started back higher 3 weeks ago and paused briefly before turning back up at the end of last week. The RSI is bullish and rising with the MACD flat but positive. Look for continued upside to participate higher.....

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, started moving higher in August, and broke out of consolidation at the end of the month. It continued higher to a pause in October then a second step to the top in January. From there it pulled back through the 200 day SMA and found support at the beginning of April. It reversed from there and is now at resistance coming into the week. The RSI is rising and bullish with the MACD moving higher and positive. Look for a push over resistance to participate higher.....

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 calendar about to turn from April to May sees the equity markets are floundering. They could sure use some May flowers after all the spring rain. Elsewhere look for Gold to continue its broad consolidation while Crude Oil remains in an uptrend. The US Dollar Index is showing signs of life and attempting to reverse higher while US Treasuries are bouncing in their downtrend.

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

Adobe Systems, Ticker: $ADBE

Adobe Systems, $ADBE, gapped higher in October and then continued to move up. It pulled back after Thanksgiving to the 50 day SMA and then rode the 50 day SMA for a month before making another move higher. A small gap up last week was sold to close the gap and then Friday it started back up again. The RSI is bullish and a bit overbought with the MACD leveling. Look for a new high to participate higher.....

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, started higher in September, crossing its 200 day SMA near the end of the month. It pulled back to retest the 200 day SMA twice before riding the 50 day SMA off of it and then leaping higher in December. The run continued to a top in January and then pulled back. It was a shallow pullback and now the price is back at that top with a RSI bullish and rising and a MACD about to cross up. Look for a new high to participate to the upside.....

Walt Disney, Ticker: $DIS

Walt Disney, $DIS, ran higher in early 2017 to a top at the end of April. The pullback from there retraced nearly 78.6% of the leg higher and found support. It started back higher in November and for the last month has consolidated against resistance. Friday it made it back to that resistance from a higher low as the range tightens fast. The RSI is rising in the bullish range and the MACD is trying to turn up. Look for a push over resistance to participate higher.....

E*TRADE, Ticker: $ETFC

E*TRADE, $ETFC, was a big winner in the top 10 when it broke higher at the end of November. It consolidated at 50, the round number, for a month after that before another move to the upside and a top last week. It reported earnings last Thursday and took a hit to the stock price Friday. But the price action was bullish intraday, printing a hollow red candle. The RSI has reset lower out of technically overbought territory and the MACD has crossed down. Look for a follow through day to the upside Monday to participate higher.....

Great Plains Energy, Ticker: $GXP

Great Plains Energy, $GXP, had a solid run higher in 2017. Over 3 moves it ran from a low of 27 to a high over 34.50. The pullback that started in December continued until it reached the 200 day SMA again and then it found support. It has held there consolidating since. It ended last week at the top of the consolidation range and over the 20 day SMA for the first time since the move down started. The RSI is now rising and the MACD has crossed up. Look for a move over resistance to participate.....

After reviewing over 1,000 charts, I have found some good setups for the week. This week's list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the last days of January sees equity markets continue to drive higher and running hot.

Elsewhere begins look for Gold to continue in its uptrend while Crude Oil drives higher as well. The US Dollar Index continues to look weak and better to the downside while US Treasuries are biased lower in consolidation. The Shanghai Composite and Emerging Markets are poised to continue to make new highs.

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

Abbott Labs, Ticker: $ABT

Abbott Labs, $ABT, started higher in May out of a brief consolidation. It pulled back to test the 50 day SMA in August and continued higher to a top in October. From that top it pulled back to the lower Bollinger Band® and bounced to start November. Now it is back at the prior high and looking for more. The RSI is rising in the bullish zone with the MACD crossed up. Look for a new high to participate.....

Crown Castle, Ticker: $CCI

Crown Castle, $CCI, rose off of a low in August making a top at the end of the month. It pulled back from there to the 100 day SMA in late September and then reversed higher again. A gap up in early November led to a top and it has been consolidating under resistance since. The RSI starting back higher in the bullish zone with the MACD leveling after resetting lower. Look for a break over resistance to participate higher.....

E*Trade, Ticker: $ETFC

E*Trade, $ETFC, started higher off of its 50 day SMA in June. It peaked in July and then fell back to the 50 day SMA for a double bottom over the period from August to September. Another leg higher topped in October and it pulled back to the 50 day SMA again in November. It is no rising to that October higher with the RSI back in the bullish zone and the MACD crossed up and rising. Look for a push to a new high to participate.....

Facebook, Ticker: $FB

Facebook, $FB, made a high at the end of July and then moved sideways for 3 months. At the end of October it started higher again stalling at the start of November. The pullback was shallow though and it reversed finding itself back at the high to end last week. The RSI is in the bullish zone and the MACD is about to cross up. Look for a new high to participate.....

Union Pacific, Ticker: $UNP

Union Pacific, $UNP, started higher in August, reaching a peak in late September. The pullback found support at the 50 day SMA and reversed back higher in October. But that move ended quickly, turning to consolidation and a mild pullback. Last week it reversed back higher and ended the week at the prior high. The RSI is also moving higher in the bullish zone and the MACD is about to cross up. Look for a new high 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 Thanksgiving behind and the holiday season is in full swing, usually meaning light trading for equity markets. But light or not, equities come into the season ready to party and looking strong.

Elsewhere look for Gold to consolidate marking time while Crude Oil continues its move higher. The US Dollar Index is renewing its downtrend while US Treasuries are drifting higher, trying to make a new high. The Shanghai Composite is pausing while Emerging Markets are renewing their trend higher.

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

Apache, Ticker: $APA

Apache, $APA, ran higher from a low in February, peaking in May. It rolled over to its 200 day SMA at the start of August and then moved back higher. After the first leg up, it has settled into a bull flag with the RSI pulling back to the mid line and the MACD leveling at zero. Look for a break of the flag to the upside to participate.....

E*TRADE Financial, Ticker: $ETFC

E*TRADE Financial, $ETFC, has moved back higher off of a June low. It found resistance at the point where it gapped lower and pulled back to a higher low at the start of August. That same resistance stopped it again and it fell back to another higher low. Now it is at resistance for the 4th time with the RSI rising into the bullish zone and the MACD crossed up. Look for a break of resistance to participate to the upside.....

Medicines Company, Ticker: $MDCO

The Medicines Company, $MDCO, has made a series of higher highs and higher lows since making a bottom in February. Last week saw a push to another higher high and then consolidation. Friday was a strong move higher and it has support for more upside from a bullish and rising RSI and a rising MACD. Look for a push through resistance to participate to the upside.....

MGP Ingredients, Ticker: $MGPI

MGP Ingredients, $MGPI, trended higher since breaking above a zone in May until peaking at the end of July. From then it pulled back to a higher major low and has now reversed up. It starts the week at resistance and the bottom of the gap with a RSI rising into the bullish zone and a MACD crossed up and rising. Look for a push over resistance to participate to the upside.....

PNC Financial Services, Ticker: $PNC

PNC Financial Services, $PNC, started pulling back from a lower high in June, finding support at the prior low at the end of the month. Since then it has been moving higher in steps. Friday moved out of one of those steps and up to resistance. The RSI is in the bullish zone and the MACD avoiding a cross down. Both are in ranges that support a push higher. Look for a move over resistance to participate to the upside.....

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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 last week of Summer ahead of the Labor Day holiday the Equity markets are tired, consolidating at their highs and even pulling back.

Elsewhere look for Gold to continue lower while Crude Oil extends to the upside. The US Dollar Index looks to continue higher short term in its broad range while US Treasuries are biased lower in consolidation. The Shanghai Composite and Emerging Markets are both looking like they will continue lower in the short run, more damaging for the Emerging Markets than the Chinese.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers Here are the Rest of the Top 10:

Coach, Ticker: $COH

Coach, $COH, continued higher off of a low in September 2015, until reaching a high in April. It pulled back from there to the 100 day SMA and found support, creating a new consolidation zone. Last week it moved back to the top of the range on a strong day Friday. As it did the RSI is in the bullish zone and rising and the MACD is moving higher. The Bollinger Bands® are also opening to the upside…..

DaVita HealthCare, Ticker: $DVA

DaVita HealthCare, $DVA, rose strongly off of a bottom in February. It has since rounded into consolidation near the November high. It pulled back to the lower Bollinger Band and then bounced, leaving it at the May high on Friday. The RSI is rising and bullish while the MACD is crossed up and rising. Look for follow through over resistance to participate in the upside…..

E*Trade Financial, Ticker: $ETFC

E*Trade Financial, $ETFC, was in a slow rising channel until it gapped lower with the Brexit vote. A sharp 2 day fall found support nearly 20% lower and has been consolidating in a wide range since. Friday saw a higher high in the RSI and a MACD move to where a cross up is imminent. Look for a move over resistance to participate in the upside…..

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, moved higher off of the August low and consolidated for 3 and a half months before moving up again. It has consolidated for nearly 4 months since the last move now. It ended Friday at the top of the latest consolidation with support for more upside from a rising and bullish RSI and MACD. Look for a break of consolidation to participate to the upside…..

Union Pacific, Ticker: $UNP

Union Pacific, $UNP, made a bottom in January and drove higher. It stalled at its 100 day SMA in March before continuing on to touch the 200 day SMA and be reflected lower. It found support at the 50/100 SMA cross and started higher, topping in April. Another pullback found support and rebounded to that prior high and then it did it again in June, ending Friday with a push to a higher high. The RSI is in the bullish zone and the MACD is crossed and rising. Look for continued upward movement Monday to participate to the upside…..

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 indexes are strong and looking for new highs.

Elsewhere look for Gold to continue higher but perhaps see a short term pullback first, similar to the picture for Crude Oil. The US Dollar Index looks to continue higher toward the top of the broad consolidation while US Treasuries are continue higher but with some caution as they are getting extended.

The Shanghai Composite and Emerging Markets both look better to the upside in their consolidation ranges. Volatility looks to remain subdued and possible moving lower keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts agree, with the SPY looking for new all-time highs quickly, the IWM chasing and the QQQ looking to break a range by making a new 2016 high. Use this information as you prepare for the coming week and trad’em well.

e*Trade Financial ($ETFC) has come a long way from the baby trading commercials to the platform it has today.  And because of this it has attracted many retail account.  It is now one of the premier on-line brokers with TD Ameritrade, Schwab and Interactive Brokers.  Despite that the stock took a nose dive to start 2016 along with all the banks, and the broad market in general.  

It made a bottom February 11th with many other stocks and started back higher after erasing 35% of its market cap.  The bounce took it back to 25,50 by early March and it has consolidated there , with a small pullback.  Recently there signs it may be ready for another leg higher.

The consolidation found the rising 20 day SMA last week and starting using it as support.  At the same time the volume has been falling, a sign of exhaustion of the consolidation.  The Momentum indicators are level after the run higher, but only on the edge of the bullish zone with lots of upside left.  

A push over 25.50 would carry a target on a Measured Move to 29.50, near the prior consolidation in December.  That is also over 15% higher.  Are you ready to add e*Trade to your account?

* You can actually do this trade in any account, not just an e*Trade account.

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

Dow Chemical, Ticker: $DOW

Dow Chemical, $DOW, is back up near trend resistance dating back to 2014. It ended last week pulling back from consolidation Thursday, but then printed a bullish reversal candle Friday. The RSI pulled back as well but reversed and is in the bullish zone with the MACD crossed down and falling. Look for a break over the consolidation zone for more upside.

E*Trade, Ticker: $ETFC

E*Trade, $ETFC, started the week last week at resistance at 31 and pulled back all week. But Friday it printed a Spinning Top doji. This is often thought of as a reversal candle but is truly just indecision until confirmed up or down. The RSI is falling but still in the bullish zone, while the MACD is about to cross down. These support continued downside. Monday will tell you which way to look.

Lazard, Ticker: $LAZ

Lazard, $LAZ, fell from broad consolidation in August, with the market. Since then it has made a couple of pushes higher, each time failing. Friday saw the stock probe lower and then recover. Is it ready for another push to the upside?

Monsanto, Ticker: $MON

Monsanto, $MON, pulled back from a consolidation area around 115 starting in June. It bottomed in September under 82 before the latest move back higher. The stock has built a bull flag last week and may be breaking it to the upside now. The RSI is holding in the bullish zone after pulling back and the MACD is crossed but level. Look for a break of the flag to the upside to consider buying the stock.

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, broke consolidation to the upside Monday and then consolidated again under 89. The price action is building a bullish consolidation pattern with the RSI firmly in the bullish zone and the MACD rising. Look for a new push higher to participate to the upside.

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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 November Options Expiration and the last week before the shortened Thanksgiving holiday, sees the Equity markets have again shown an inability to make new highs, without giving up the positive longer term perspective.

Elsewhere look for Gold to continue its downtrend, but with a possible short term reversal while Crude Oil works lower. The US Dollar Index looks to continue higher while US Treasuries are biased lower, but also may see a short term reversal. The Shanghai Composite is building energy for another leg higher while Emerging Markets are biased to the downside again.

Volatility looks to remain above the lower range, making things difficult for equities, but looking for a pullback after the spike in short order. The equity index ETF's SPY, IWM and QQQ, all look better to the downside this week. Use this information as you prepare for the coming week and trad'em well.