#$ge

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

Ally Financial, $ALLY, comes into the week at resistance. It has an RSI rising in the bullish zone with the MACD turning positive. Look for a push over resistance to participate…

Amgen, $AMGN, comes into the week rounding up out of a pullback. It has a RSI rising in the bullish zone and the MACD positive. Look for continuation to participate…

GE Aerospace, $GE, comes into the week breaking above resistance. It has an RSI in the bullish zone and a MACD positive and rising. Look for continuation to participate…

Intel, $INTC, comes into the week at resistance. It has an RSI rising in the bullish zone and a MACD positive and curling up. Look for a push over resistance to participate…

JP Morgan Chase, $JPM, comes into the week pushing over resistance. It has an RSI rising in the bullish zone with the MACD 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 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.

GE Aerospace, Ticker: $GE, comes into the week breaking resistance and at a new all-time high. The Bollinger Bands® have squeezed in, often a precursor to a move. Price has also reconnected with the rising 20 day SMA. The RSI is slowly rising in the bullish zone with the MACD curling to cross up and positive. There is no resistance above 191.77. Support lower comes at 190 and 183.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 0.59% and has traded ex-dividend since September 26th. 

The company is expected to report earnings next on October 22nd. The October options chain shows open interest build from 190 to 170 on the put side. On the call side it is focused and largest at the 190 strike. The November chain has biggest open interest at the 165 put and sees it grow from 160 to a peak at 210 on the call side, 10 times larger. Finally, the December chain shows open interest build from 190 to a plateau from 180 to 160 then tail on the put side. On the call side it is large and focused at the 200 and 210 strikes.

GE Aerospace, Ticker: $GE

Trade Idea 1: Buy the stock on a move over 192 with a stop at 184.

Trade Idea 2: Buy the stock on a move over 192 and add an October 25 Expiry 190/180 Put Spread ($3.40) while selling the December 210 Calls ($3.80).

Trade Idea 3: Buy the November/December 200 Call Calendar ($2.85) and sell the November 175 Put ($2.20).

Trade Idea 4: Buy the December 175/195/210 Call Spread Risk Reversal ($2.25).

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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 inflation reports behind us, saw that equity markets showed strength, the SPY ending at an all-time high.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to reverse lower while Emerging Markets consolidate the start of an uptrend.

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GE Aerospace, $GE, comes into the week pushing over resistance. Price has been riding the upper of the Bollinger Bands® as it has moved higher. It has an RSI rising in the bullish zone with the MACD positive and climbing. There is resistance at 326.50 and 329.50 before 338 and 346.50. Support lower is that 317 and 308.50. Short interest is low at 1.4%.  The stock pays dividend with an annual yield of just 0.58% and has traded ex-dividend since March 9th.

The company is expected to report earnings on July 16th. The June call chain has biggest open interest at the 300 strike on the put side and then at 310. On the call side it is biggest at 320 and then 350. In the July chain open interest is spread from 290 down to 240 on the put side and is focused at 300 on the call side but also big at 320 and 340. Finally, in the August chain open interest is just getting started and is very low on the put side. On the call side it has accumulated some size at both the 320 and 390 strikes.

GE Aerospace, $GE

Trade Idea 1: Buy the stock on a move over 326 with a stop at 315.

Trade Idea 2: Buy the stock on a move over 326 and add a June 315/300 Put Spread ($5.55) while also selling the July 360 Call ($5.75).

Trade Idea 3: Buy the June/July 350 Call Calendar ($7.08) while also selling the July 290 Puts ($5.60).

Trade Idea 4: Buy the August 290/330/360 Call Spread Risk Reversal ($3.10).

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If you like what you see sign up for more ideas and deeper analysis.   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 with the month of May in the books and heading into a non-farm payroll week, saw equities continue to show strength, printing more new all-time highs.

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 but near a change of character to a downtrend. The US Dollar Index looks to continue to drift higher in broad consolidation while US Treasuries continue to test support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue digestion in the short term uptrend while Emerging Markets make new highs in their uptrend.

The Volatility Index looks to continue lower in the normal zone, giving a tailwind to equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe with a 9th positive week for the SPY. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong, with all printing all-time highs to start the week and then again Thursday. The SPY and QQQ ended with a 3rd record while the IWM was just short of joining them. Use this information as you prepare for the coming week and trad’em well.

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

Bank of NY Mellon, $BK, 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…

Citigroup, $C, 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…

Five Below, $FIVE, 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…

GE Aerospace, $GE, comes into the week rising out of a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

United Airlines, $UAL, 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…

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 first week of February in the books, saw equity markets show resilience recovering after a midweek trip up in a data light week.

Elsewhere, look for Gold to regroup around $5000/oz digesting the long move up while Crude Oil moves sideways in the consolidation range. The US Dollar Index is showing some strength rising off a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone and looking better lower. The Shanghai Composite looks to be pausing in the uptrend while Emerging Markets have reset momentum gauges look ready for new all-time highs in their uptrend.

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

GE Aerospace, $GE, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Corning, $GLW, comes into the week moving over resistance after a pullback. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participate…

Interactive Brokers, $IBKR, comes into the week at resistance. It has a RSI rising and a MACD positive. Look for a push over resistance to participate…

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

Johnson Controls International, $JCI, 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 which with 2025 in the books and just 1 trading day into the New Year, equity markets showed modest weakness as they drifted lower in Holiday trading.

Elsewhere, look for Gold to continue the uptrend move toward new all-time highs while Crude Oil holds at the bottom of consolidation, threatening a renewed downtrend. The US Dollar Index continues the short term drift to the upside in consolidation while US Treasuries continue in consolidation and looking better lower. The Shanghai Composite looks to continue the sideways motion in the uptrend while Emerging Markets may be on the edge of renewing their uptrend.

GE Aerospace, $GE, comes into the week moving back toward the all-time high from the end of October. This is after its first touch at the 100 day SMA since April. It has a RSI rising through the midline in the bullish zone with the MACD crossing up but negative. There is resistance at 306.50 and 315. Support lower is at 297 then 289 and 280. Short interest is low at 1.6%. The stock pays a dividend with an annual yield of just 0.48% and will trade ex-dividend on December 29th.

The company is expected to report earnings next on January 22nd. The December options chain shows biggest open interest at the 280 put strike and the 325 call strike. In the January chain it is biggest at the 270 put and the 300 call. In the February chain the biggest open interest is at the 260 put and the 300 call strikes.

Trade Idea 1: Buy the stock on a move over 304 with a stop at 294.

Trade Idea 2: Buy the stock on a move over 304 and add a January 300/280 Put Spread ($7.00) while selling the February 330 Call ($6.50).

Trade Idea 3: Buy the December/January 310 Call Calendar ($5.15) while selling the January 280 Put ($3.10).

Trade Idea 4: Buy the February 270/310/330 Call Spread Risk Reversal ($1.40).

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link and get special Holiday Pricing.   

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 December FOMC meeting in the books and ahead of the non-farm payroll and CPI reports next week, saw equity markets show strength moving higher until profit taking Friday.

Elsewhere, look for Gold to continue the uptrend and challenge the all-time high while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the downside in consolidation while US Treasuries continue in consolidation and looking better lower. The Shanghai Composite looks to continue the pause in the uptrend after some digestion from the 10 year highs while Emerging Markets hold up in their uptrend.

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

Blackrock, $BLK, comes into the week trying to round out of a pullback. It has a RSI rising and a MACD turning toward a cross up. Look for continuation to participate…

eBay, $EBAY, comes into the week rounding up out of a pullback. It has a RSI rising and the MACD leveling and negative. Look for continuation to participate…

GE Aerospace, $GE, comes into the week rounding up out of a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

RTX, $RTX, comes into the week rounding up from a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

TJX, $TJX, comes into the week rising to 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 which with the 1st week of November in the books saw equity markets showing some jitters, falling in a week filled with election results, Fed speak and tariff legitimacy debate.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves lower again in consolidation. The US Dollar Index shifts to a short term drift to the downside as it tries to round out a bottom, while US Treasuries give up the breakout in consolidation, putting at risk of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets stall in their uptrend near 4 year highs.