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

Affirm, $AFRM

Affirm, $AFRM, comes into the week rising above consolidation. It has an RSI in the bullish zone and the MACD positive and crossed up. Look for continuation to participate…

Dexcom, $DXCM

Dexcom, $DXCM, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive period look for a pushover resistance to participate…

Gilead Sciences, $GILD

Gilead Sciences, $GILD, comes into the week approaching resistance. It has an RSI at the edge of the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…

Old Dominion Freight Lines, $ODFL

Old Dominion Freight Lines, $ODFL, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive period look for a push over resistance to participate…

UPS, $UPS

UPS, $UPS, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD rising 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 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:

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

Bank of America, $BAC, comes into the week at resistance. It has a RSI at the midline with the MACD curling to cross up. Look for a push over resistance to participate…

Gilead Sciences, $GILD, comes into the week breaking resistance. It has a RSI that is in the bullish zone with the MACD positive. Look for continuation to participate…

Hartford Insurance Group, $HIG, comes into the week rounding up from support. It has a RSI rising into the bullish zone and a MACD crossed up. Look for continuation to participate…

Walmart, $WMT, comes into the week rounding out of a pullback. It has a RSI 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 with the January FOMC meeting in the books and a formal announcement of Kevin Warsh as the new Fed Chair nominee, saw equity markets show strength holding near and setting new highs.

Elsewhere, look for Gold to pause in the uptrend after tagging $5600/oz and pulling back while Crude Oil moves higher in the consolidation range. The US Dollar Index is finding its footing after 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 ready to continue the uptrend at 10½ year highs while Emerging Markets reset momentum gauges after making new all-time highs in their uptrend.

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

AMGEN, $AMGN, comes into the week 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…

American Express, $AXP, 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…

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

Generac, $GNRC, comes into the week at short term resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

LPL Financial, $LPLA, comes into the week approaching resistance. It has a RSI rising thorough the midline with the MACD crossed up. 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 with October Options Expiration in the rearview mirror saw equity markets hold up well into the start of earnings season despite rising volatility.

Elsewhere, look for Gold to continue the uptrend to new all-time highs while Crude Oil moves lower in a short term downtrend to the bottom of consolidation. The US Dollar Index continues to drift down in consolidation, while US Treasuries hold higher in their consolidation, continuing to tease of a reversal higher. The Shanghai Composite looks to continue the short term consolidation in the uptrend near 10 year highs while Emerging Markets also continue their uptrend to new 4 year highs.

Gilead Sciences, $GILD, comes into the week rebounding from a shallow pullback at the August high. That high was just shy of the 2015 all time high at 122.21 on June 23rd. This return high Friday made for another higher low continuing the trend higher. The RSI is rising in the bullish zone and with it making a lower low creating a Positive RSI Reversal and a target to 124.50. The MACD is curling to cross back up and move into positive territory. There is a brewing Cup and Handle as well with a target to 183 on a new 2025 high as well. There is resistance at 117.50 and 120.50 then 122.50. Support lower is at 112.75 and 110. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 2.75% and will trade ex-dividend beginning September 15th.

The company is expected to report earnings next on November 4th. The September options chain shows the biggest open interest at the 110 strike on the put side and at 125 on the call side. In the October chain the biggest open interest is found from 110 to 100 on the put side, and at 120 then 125 on the call side. Finally, the November chain has open interest spread from 115 to 90, biggest at 105 on the put side. On the call side it is biggest at 125 and 130.

Trade Idea 1: Buy the stock on a move over 116 with a stop at 112.

Trade Idea 2: Buy the stock on a move over 116 and add an October 110/105 Put Spread ($1.25) while selling the November 130 Call (90 cents)

Trade Idea 3: Buy the October/November 120 Call Calendar ($2.35) while selling the October 110 Put ($1.95).

Trade Idea 4: Buy the November 105/120/130 Call Spread Risk Reversal (75 cents).

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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 first week of September in the books, saw equity markets held firm with some minor midweek profit taking despite some dismal employment data.

Elsewhere, look for Gold to continue the renewed uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues to base , a change of character to consolidation, while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue the uptrend to new 10 year highs while Emerging Markets also continue their uptrend.

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

Abbvie, $ABBV, comes into the week at resistance. It has a RSI rising off the midline with the MACD positive. Look for a push over resistance to participate…

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

Fastenal, $FAST, comes into the week at resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…

Gilead Sciences, $GILD, 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…

IBM, $IBM, 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…

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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 June non-farm payroll report in the rearview mirror, saw equity markets show continued progress moving back towards their all-time highs.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets break to the upside.

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

ADP, $ADP, comes into the week falling back to support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…

CBOE, $CBOE, comes into the week pulling back to support and prior resistance. It has a RSI falling at the midline with the MACD crossing down. Look for a drop through support to participate…

Cigna, $CI, comes into the week at support. It has a RSI falling to the midline with the MACD crossing down. Look for a drop through support to participate…

Gilead Sciences, $GILD, comes into the week falling back to support. It has a RSI dropping near the bearish zone with the MACD dropping toward negative. Look for a fall through support to participate…

KBR, $KBR, comes into the week nearing support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…

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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 which with the release of the first round of tariffs since 1930, saw equity markets reacted with their worst week (2 days) since March of 2020.

Elsewhere look for Gold to continue to hold over $3000/oz while Crude Oil collapses into a downtrend. The US Dollar Index continues to drift to the downside in consolidation while US Treasuries continue in consolidation. The Shanghai Composite looks to continue to consolidate the short term move higher while Emerging Markets may be entering a new downtrend.

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

eBay, $EBAY, comes into the week rising toward resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Gilead Sciences, $GILD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a break over resistance to participate…

Murphy USA, $MUSA, comes into the week at short term resistance. It has a RSI rising through the midline with the MACD crossed up and negative. Look for a push through resistance to participate…

Champion Homes, $SKY, comes into the week at resistance. It has a RSI rising through the midline with the MACD rising and negative. Look for a push over resistance to participate…

Snowflake, $SNOW, 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 January in the books, saw equity markets show resilience with a rebound from an ugly start Monday only to end the week on a sour note.

Elsewhere look for Gold to continue its move to new highs while Crude Oil drops in a broad consolidation range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to re-open and continue the sideways consolidation while Emerging Markets continue a short term move lower.