#$googl

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

Ally Financial, Ticker: $ALLY

Ally Financial, $ALLY, comes into the week at resistance. It has a RSI rising out of oversold with the MACD crossed up. Look for a break of resistance to participate…..

Antero Resources, Ticker: $AR

Antero Resources, $AR, coms into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, comes into the week consolidating under resistance. It has a RSI rising over the midline with the MACD positive. Look for a push over resistance to participate…..

Honeywell, Ticker: $HON

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

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, comes into the week breaking resistance. 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 only 1 trading day left in the 3rd Quarter of 2024, saw equity markets looking positive.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to be biased to the downside. The US Dollar Index continues to drift to the downside while US Treasuries remain on the edge of a reversal to an uptrend. The Shanghai Composite looks to continue the stimulus fueled move higher while Emerging Markets begin a new uptrend.

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Alphabet, $GOOGL, comes into the week at resistance and over the 50 day SMA. This is after a bounce following a nearly 38.2% retracement of the last leg higher. It has a RSI rising in the bullish zone, but viewed cautiously as it is yet to make a higher high. The MACD is positive and rising. There is resistance at 320 and 327 then 338 and 349. Support lower is at 314 and 310. Short interest is low at 1.4%. The stock pays a dividend with an annual yield of just 0.26% and has traded ex-dividend since March 9th.

The company is expected to report earnings next on April 29th. The April options chain shows open interest spread from 320 to below 290 on the put side and focused at 330 then 320 on the call side. In the May chain open interest is biggest at the 300 then 280 put strikes and at 330 then 320 and 310 on the call side. Finally, in the June chain, the 280 put strike and 340 call strikes.

Trade Idea 1: Buy the stock on a move over 320 with a stop at 308.

Trade Idea 2: Buy the stock on a move over 320 and add a May 310/290 Put Spread ($6.00) while also selling the June 355 Calls ($5.95).

Trade Idea 3: Buy the April/May 325 Call Calendar ($9.35) while selling the May 290 Puts ($4.20).

Trade Idea 4: Buy the June 285//325/340 Call Spread Risk Reversal (20 cent credit).

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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 next round of earnings season and amidst an unusual ceasefire, saw equities show strength to follow up last week’s green shoots.

Elsewhere, look for Gold to continue to recover from the pullback while Crude Oil hangs on to the uptrend, pulling back in consolidation. The US Dollar Index looks to continue to drift lower in consolidation while US Treasuries hold over 15 month support like nothing is happening. The Shanghai Composite looks to continue a short term downtrend at possible support while Emerging Markets reverse higher to resume their uptrend.

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

Amazon, $AMZN, comes into the week rounding up out of a pullback. It has a RSI rising in the bearish zone with the MACD curling to cross up. Look for continuation to participate…

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

Alphabet, $GOOGL, comes into the week rounding up out of a pullback. It has a RSI rising near the midline with the MACD curling up. Look for continuation to participate…

Honeywell, $HON, 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 heading into the last week of February and after the Supreme Court ruling that tariffs were illegally put in place, saw equity markets show resilience holding steady on the week.

Elsewhere, look for Gold to continue to drift between $5000 and $5100 digesting the long move up while Crude Oil moves slightly higher in the consolidation range. The US Dollar Index is continuing to show some weakness holding near a 4 year low while US Treasuries look to hold in the upper end of the consolidation zone. The Shanghai Composite looks to come back in action after the holidays to a pause in the uptrend while Emerging Markets continue to add new all-time highs in their uptrend.

Cracking the Code: Key Entry Points for $GOOGL Stock Surge

Traders are capitalizing on $GOOGL’s recent upward momentum, with early positions secured at 154 on Commons and solidifying gains with 160 October 18th calls. While there are concerns of a lower high forming, the market remains active, showing potential for a bullish move into the 16487 to 16645 range. Timing is crucial, with traders advised to watch for price movement above 16250 to enter positions, and to avoid entries below this threshold.

Is $GOOGL Going to Zero? Here’s Why Savvy Investors Are Still Watching

As we move through a period of market uncertainty, Google’s stock performance ($GOOGL) has captured the attention of traders worldwide. This video offers a comprehensive breakdown of the technical indicators driving Google’s stock movement, including its recent pullback from highs and potential support from key Fibonacci levels. With recession fears looming, Google’s stock has dipped below the 21 EMA on a daily basis, but there are signs of strength that could signal a future rally.

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

Allstate, Ticker: $ALL

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

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, comes into the week approaching the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Kraft Heinz, Ticker: $KHC

Kraft Heinz, $KHC, comes into the week rising toward resistance. It has a RSI moving up from the midline with the MACD crossed up. Look for a break of resistance to participate…..

TJX, Ticker: $TJX

TJX, $TJX, comes into the week moving toward the all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

United Parcel Service, Ticker: $UPS

United Parcel Service, $UPS, comes into the week pushing on 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 March FOMC meeting in the books, saw equity markets showed strength moving higher despite the continued tone of rates staying higher for longer.

Elsewhere look for Gold to continue its consolidation in a bull flag at the highs while Crude Oil continues the messy uptrend. The US Dollar Index looks to drift to the upside in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term uptrend while Emerging Markets consolidate in a broad range.

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week approaching the October high. The RSI is in the bullish zone with the MACD positive. Look for continuation to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week at resistance. it has a RSI in the bullish zone with the MACD positive. Look for a push through resistance to participate…..

Alphabet, Ticker: $GOOGL

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

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD curling to cross up. Look for a push over resistance to participate…..

Walmart, Ticker: $WMT

Walmart, $WMT, comes into the week breaking short term resistance. It has a RSI at the midline with the MACD rising. 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 only 4 trading days left in 2023, saw equity markets continue to show strength.

Elsewhere look for Gold to continue its move higher while Crude Oil extends a short term move to the upside. The US Dollar Index continues to drift to the downside while US Treasuries continue their short term uptrend. The Shanghai Composite looks to continue the trend lower while Emerging Markets are back in broad consolidation.