#$faro

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

BlackRock, Ticker: $BLK

BlackRock, $BLK, paused in a move higher as it fully retraced the pandemic drop. It then continued to a top in January. Since then it has pulled back to support with the RSI falling and the MACD negative and dropping. Look for a drop under support to participate…..

FARO Technologies, Ticker: $FARO

FARO Technologies, $FARO, plodded higher until a spike up 2 weeks ago. it has consolidated since. The RSI is pulling back from overbought with the MACD leveling and positive. Look for a break of consolidation to participate…..

Generac, Ticker: $GNRC

Generac, $GNRC, ran to a top in February and then pulled back. It ended last week possibly reversing higher with the RSI turning up and the MACD falling but positive. Look for continuation to participate…..

Oceaneering, Ticker: $OII

Oceaneering, $OII, topped in January and then pulled back to a higher low. it has since reverse and is now back at that high. The RSI is rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

Timken, Ticker: $TKR

Timken, $TKR, had a steady rise to a top in January. It has pulled back since to a low in February and is now moving back high at short term resistance. The RSI is holding just under a move into the bullish zone with the MACD crossed up and about to turn positive. Look for continuation 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 month of February in the books, saw equity markets looking fatigued with a bit of weakness.

Elsewhere look for Gold to continue its downtrend while Crude Oil moves to the upside. The US Dollar Index continues to trend lower while US Treasuries dropped to a 13 month low in their downtrend. The Shanghai Composite looks to pullback in its uptrend while Emerging Markets drop to retest break out levels in their trend higher.