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

Bristol-Myers Squibb, $BMY, comes into the week rounding out a bottom. It has a RSI rising toward the midline with the MACD crossed up. Look for continuation to participate…

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

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

JP Morgan, $JPM, 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…

Mastercard, $MA, 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…

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 that saw with April in the books and the FOMC meeting next week, equity markets signaled that the bottom is in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil resumes a new downtrend under support. The US Dollar Index remains in a short term downtrend, failing to continue a reversal, while US Treasuries consolidate the downtrend. The Shanghai Composite looks to continue to consolidate in a tight range while Emerging Markets are poised for more upside in broad consolidation nearing resistance.

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, 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…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, 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…..

CME Group, Ticker: $CME

CME Group, $CME, 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…..

Fedex, Ticker: $FDX

Fedex, $FDX, 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…..

Morgan Stanley, Ticker: $MS

Morgan Stanley, $MS, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a move away 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 heading into the unofficial end of summer and with August in the books, saw equity markets show a preference for some rest after the 3 week move higher.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tightening range. The US Dollar Index continues to bounce to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support in a possible start of a new uptrend.

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

FedEx, $FDX, comes into the week piercing over resistance. The move Friday broke higher but fell back below that resistance slightly at the end of the day. The Bollinger Bands® continued to point higher. It has an RSI in the bullish zone with the MACD positive and kinking to move higher. There is resistance at 338.50 and 342. Support lower is at 332.50 and 325. Short interest is low at 1.7%. The stock pays a dividend with an annual yield of 1.44% and will trade ex-dividend beginning June 22nd.

The company is expected to report earnings next on June 23rd. The June options chain shows biggest open interest at 350 on the put side and at the 330 strike on the call side. In the July chain the biggest open interest below is at 300 but it is large at 370 on the put side as well. On the call side it is biggest at 430 and then 370. In the September chain open interest is biggest at 330 below on the put side and at 420 above on the call side.

FedEx, Ticker: $FDX

Trade Idea 1: Buy the stock on a move over 343 with a stop at 330.

Trade Idea 2: Buy the stock on a move over 343 and add a July 330/300 Put Spread ($10.15) while also selling the September 380 Calls ($9.65).

Trade Idea 3: Buy the July/September 360 Call Calendar ($9.35) and sell the July 310 Puts ($6.10).

Trade Idea 4: Buy the September 300/350/380 Call Spread Risk Reversal ($2.90).

Premium Content

The Best

The Rest Premium

Free Content

The Rest

Don’t miss out on the Memorial Day Sale. Get an annual subscription for 30% off. Subscribe here.

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 FOMC meeting and June options expiration, saw equity markets appearing to have stopped the damage with small caps leading at all-time highs.

Elsewhere, look for Gold to continue a short term downtrend while Crude Oil settles under $90/bbl, near support and a change of character to a downtrend. The US Dollar Index looks to drift lower near the top of the range while US Treasuries continue to hold over support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue the short term trend to the downside while Emerging Markets look to recover from the pull back in their uptrend.

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

Alcoa, $AA, comes into the week pushing higher out of a consolidation. It has an RSI rising in the bullish zone and the MACD flipping to positive. Look for continuation to participate…

ADP, $ADP, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Fedex, $FDX, comes into the week approaching resistance. It has an RSI in the bullish zone and a macd positive and moving higher. Look for a push over resistance to participate…

Fifth Third, $FITB, comes into the week rounding higher out of a pullback. It has an RSI rising in the bullish zone with the MACD about to turn positive period look for continuation to participate…

Johnson & Johnson, $JNJ, comes into the week rounding higher out of a pullback. It has an RSI rising into the bullish zone with the MACD about to turn positive. Look for continuation to participate…

Up Next: Bonus Idea                                                                                        

The Best

Don’t miss out on the Memorial Day Sale. Get an annual subscription for 30% off. Subscribe here.

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 start of summer, saw equities continue to show strength, regaining their swagger following a stumble to start the week.

Elsewhere, look for Gold to continue walking the fence between a downtrend and digestion in the uptrend while Crude Oil bounces around in tightening consolidation around $100/bbl. The US Dollar Index looks to continue to drift higher in broad consolidation while US Treasuries continue to test support and a possible continuation of their downtrend. The Shanghai Composite looks to continue digestion in the short term uptrend while Emerging Markets digest the new highs in their uptrend.

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

Agilent Technologies, $A, comes into the week at resistance. It has an RSI in the bullish zone and the MACD positive. Look for a push over resistance to participate…

CIENA, $CIEN, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Dollar General, $DG, comes into the week breaking short term resistance. It has an RSI at the midline with the MACD negative. Look for continuation to participate…

Fedex, $FDX, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Champion Homes, $SKY, comes into the week rounding out of a pullback. It has an RSI rising over the midline with the MACD negative. 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 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 April options expiration in the books and ceasefire giving traders more confidence it will hold up, saw equities show continued strength driving to new all-time highs.

Elsewhere, look for Gold to continue recovering from the pullback while Crude Oil transitions to freefall. The US Dollar Index looks to continue to drift lower in consolidation while US Treasuries continue to hold over 15 month support like nothing is happening. The Shanghai Composite looks to continue a short term uptrend while Emerging Markets push to new highs in their uptrend.

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

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

CME, $CME, comes into the week reversing out of a pullback. It has a RSI at the midline with the MACD negative. Look for continuation to participate…

Freeport-McMoRan, $FCX, comes into the week rounding out of a pullback. It has a RSI rising and the MACD crossed up. Look for continuation to participate…

Fedex, $FDX, comes into the week rounding out of a pullback. It has a RSI at the midline with the MACD crossing up. Look for continuation to participate…

Netflix, $NFLX, 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…

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 with the shortened pre-Easter week in the books, saw equities show some green shoots after a 5 week run lower.

Elsewhere, look for Gold to continue to recover in the pullback while Crude Oil continues to surge bear 4 year highs and closing in on the 2008 all-time highs. The US Dollar Index looks to continue to press on resistance in consolidation while US Treasuries hold over 15 month support. The Shanghai Composite looks to continue a short term downtrend at possible support while Emerging Markets seek support in the pullback in their uptrend.

Fedex, $FDX, comes into the week at resistance. It has a RSI in the bullish zone and rising with the MACD flat and positive. There is resistance at 270 and 276.50 then 281.50 and 287.50 before 293.50 and 298.50. Support lower is at 263.50 and 260. Short interest is low at 1.9%. The stock pays a dividend with an annual yield of 2.15% and will trade ex-dividend on December 15th.

The company is expected to report earnings next on December 18th. The December options chain shows the biggest open interest at the 230 then 240 and 220 put strikes and at the 270 strike on the call side. The January chain is biggest at 220 and 230 on the put side and at 300 on the call side. Finally, the March chain has biggest open interest at the 210 put and the 250 call strikes.

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 December 260/250 Put Spread ($3.90) while selling a January 310 Call ($2.65).

Trade Idea 3: Buy the December/January 300 Call Calendar ($2.25) while selling the December 240 Put ($2.80).

Trade Idea 4: Buy the March 240/280/310 Call Spread Risk Reversal ($1.65).

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 November options expiration in the rearview mirror, saw equity markets showed continued jitters, with mixed messaging from the Fed and the first Government data, the September jobs report.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the upside, toward a breakout, while US Treasuries continue in consolidation, sputtering the possible reversal higher. The Shanghai Composite looks to continue the uptrend after some digestion from the 10 year highs while Emerging Markets stall in their uptrend putting it at risk.

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

Air Products, $APD, comes into the week rounding out of a pullback. It has a RSI in the bullish zone with the MACD curling to cross up. Look for continuation to participate…

Clorox, $CLX, comes into the week pressing through resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Fedex, $FDX, 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…

Graco, $GGG, 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…

Prudential Financial, $PRU, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break 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 November options expiration in the books, saw equity markets show some weakness as they reacted to Chairman Powell’s comments about not being in a hurry to cut rates.

Elsewhere look for Gold to continue its pullback in the uptrend while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries hold in consolidation. The Shanghai Composite looks to continue the short term move higher while Emerging Markets maintain their short term uptrend.