#$glw

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

Alcoa, $AA, comes into the week approaching resistance. It has an RSI rising into the bullish zone with the MACD negative but climbing. Look for a pushover resistance to participate…

Adobe, $ADBE, comes into the week at resistance. It has an RSI in the bullish zone and the MACD positive. Look for a pushover resistance to participate…

Corning, $GLW, comes into the week at resistance. It has an RSI rising through the midline and a MACD crossed up negative. Look for a pushover resistance to participate…

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

3M, $MMM, comes into the week at resistance . It has an RSI in the bullish zone and the MACD positive. Look for a pushover 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 July employment report in the rearview, saw  equity markets have found a catalyst in renewed optimism on a Hormuz deal.

Elsewhere, look for Gold to continue the reversal of the downtrend with Crude Oil failing on the upside reversal and heading lower. The US Dollar Index looks to continue the move off of the very top of the 15 month range while US Treasuries retesting the break down through support in consolidation to 22 year lows in price. The Shanghai Composite looks to reverse the short term downtrend while Emerging Markets sport their own reversal to the upside.

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

Amneal Pharmaceuticals, $AMRX, 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 rising off a pullback. It has a RSI rising toward the midline with the MACD negative and leveling. Look for continuation to participate…

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

Corning, $GLW, 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…

Walmart, $WMT, 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 January options expiration in the books, saw equity markets exhibit strength holding up or rising despite mixed inflation data and a Jerome Powell showdown with the President.

Elsewhere, look for Gold to continue the uptrend and more all-time highs while Crude Oil drifts higher at the bottom of consolidation. The US Dollar Index continues the short term move to the upside in consolidation while US Treasuries continue to hold at 4 month lows in consolidation and looking better lower. The Shanghai Composite looks to continue the in the uptrend at 10½ year highs after breaking consolidation while Emerging Markets make their first new all-time high in almost 5 years as they continue 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…

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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 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.

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

Aflac, $AFL, comes into the week moving up from a higher low. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Boeing, $BA, comes into the week rebounding from a pullback. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…

Corning, $GLW, comes into the week rising off a pullback to the 200 day SMA. It has a RSI rising with the MACD curling to cross up. Look for continuation to participate…

Progressive, $PGR, 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…

RTX, $RTX, comes into the week rounding up from 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 heading into the March options expiration and FOMC meeting, saw equity markets show possible exhaustion in the pullbacks of the past 4 weeks.

Elsewhere look for Gold to continue its bull run higher while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index continues pullback in the consolidation zone while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation in the uptrend while Emerging Markets chop sideways in consolidation.

Corning, $GLW, came out of a base in June and started to move higher. It continued to a top in December, against rising trend support. Since December it has moved sideways in a tightening range, creating an ascending triangle. It is at the top of the triangle as the week starts. The RSI is holding over the mid line with the MACD positive and slowly moving higher. The Bollinger Bands® appear to be shifting up. 

There is resistance at 38.75 and then you have to go back to 2001 to find higher at 40 and 49 then 56 and 60. Support lower comes at 38 and 37.50 then 36.30 and 35. Short interest is low at 1.2%. The stock pays a dividend with an annual yield of 2.51% and began trading ex-dividend February 25th. The company is expected to report earnings next on April 26th. 

The March options chain shows open interest spread from 36 to 38 on the put side and focused at 40 on the call side. In the April options open interest is light on the put side and large and focused at 40 and 42 on the call side. The may options are the first to cover the earnings event and have open interest build from 38 to a peak at 31 before tailing off lower on the put side. The call side builds from 36 to 40 and holds through 50.

Corning, Ticker: $GLW

Trade Idea 1: Buy the stock on a move over 38 with a stop at 37.

Trade Idea 2: Buy the stock on a move over 38 and add an April 38/36 Put Spread (90 cents) while selling the May 45 Calls (62 cents).

Trade Idea 3: Buy the March/May 40 Call Calendar ($1.30) while selling the April 35 Puts (65 cents).

Trade Idea 4: Buy the May 35/40/45 Call Spread Risk Reversal (5 cents).

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 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.

EARNING UPDATE $GLW Corning Incorporated for quarter ending q_Sep18 – Revenue rose but Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on GLW [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Corning Incorporated reported earnings (EPS) of 0.00 per share for the quarter ending q_Sep18. This is vis-vis 0.78 per share for the previous quarter ending q_Jun18, a decline of 100 %. Compared to last year same quarter (q_Sep17), earnings…

$GLW 2018-10-23 : Transcripts- GLW Edited Transcript of GLW earnings conference call

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Q3 2018 Corning Inc Earnings Call

Corning Oct 24, 2018 (Thomson StreetEvents) — Edited Transcript of Corning Inc earnings conference call or…

#GLW Earning declared EPS = 0.67 vs estimate= 0.48 for Q3/18 #sym #spy #earnings #markets

Earning released for GLW: Actual EPS = 0.67 per share Estimate = 0.48 per share

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GLW report:

The mean EPS over the last 16 releases is 0.3 per share. The current EPS at 0.67 per share is above the average EPS of the last 16 quarterly earning releases.

GLW Stock Chart:

GLW Scores:

GLW Fundamental Score = Click Here G…