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

HF Sinclair, $DINO, comes into the week pushing over resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Johnson & Johnson, $JNJ, comes into the week moving over prior resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

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

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

Matador Resources, $MTDR, comes into the week rounding up from a long pullback. It has a RSI rising and a MACD climbing. 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 November Options Expiration and Government Shutdown in the rearview mirror, saw equity markets showing continued jitters, falling in a week with Fed speak and no Government data.

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 downside, as it tries to round out a bottom, while US Treasuries continue 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 pulling back from 4 year highs.

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

BP, $BP, comes into the week consolidating under resistance. It has a RSI flat in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…

JP Morgan, $JPM, 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…

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

Lockheed Martin, $LMT, comes into the week rounding out of a pullback. It has a RSI at the midline with the MACD positive. Look for continuation to participate…

Wells Fargo, $WFC, comes into the week pressing against resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push through 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 following the FOMC meeting and Powell’s unexpected caution that a December rate cut was not inevitable, equity markets brushed it aside and focused on the good earnings reports to hold at all-time highs.

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 continues to drift to the upside consolidation rounding out a bottom, while US Treasuries hold at the breakout higher in their consolidation, continuing to tease of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets also continue their uptrend at 4 year highs.

Lockheed Martin, $LMT, comes into the week rising to resistance. It has a RSI on the cusp of a move into the bullish zone with the MACD flat and positive. There is resistance above at 491 and 500 then 507 and 520 before 531 and 540. Support lower is at 480 and 475. Short interest is low under 1%. The stock pays a dividend with an annual yield of 2.71% and went ex-dividend June 2nd.

The company is expected to report earnings next on July 21st. The June options chain shows biggest open interest at the 490 strike then 470 on the put side. On the call side it is biggest at 500 then 480. In the July chain open interest is big at the 445 and 440 put strikes and much bigger at the 500 call strike. Finally, the August chain shows low open interest so far but biggest at the 460 and 445 puts while at the 500 call strike.

Trade Idea 1: Buy the stock on a move over 491 with a stop at 474.

Trade Idea 2: Buy the stock on a move over 491 and add a July 480/460 Put Spread ($7.40) while selling the July 515 Call ($7.20).

Trade Idea 3: Buy the July/August 500 Call Calendar ($7.90) while selling the July 460 Put ($6.00).

Trade Idea 4: Buy the August 455/495/520 Call Spread Risk Reversal ($1.70).

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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 FOMC meeting coming up next week, saw equity markets showed continued resilience until bombs started flying in the Middle East.

Elsewhere look for Gold to continue its uptrend while Crude Oil is close to testing a reversal of the trend lower. The US Dollar Index continues a short term move to the downside at 3 year lows 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:

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

Air Products, $APD, comes into the week approaching resistance. It has a RSI at the midline with the MACD level at zero. Look for a push over resistance to participate…

GE Aerospace, $GE, 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…

Lockheed Martin, $LMT, comes into the week at short term resistance. It has a RSI at the midline with the MACD crossed up and negative. Look for a push over resistance to participate…

Merck, $MRK, comes into the week breaking resistance. It has a RSI rising at the midline with the MACD crossed up but negative. 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 month of February in the books, saw equity markets end with a seasonally weak period, raising the fear factor.

Elsewhere look for Gold to pause in its march higher while Crude Oil consolidates in the bottom of a broad range. The US Dollar Index looks to try to rebound to the upside while US Treasuries show some short term strength in consolidation. The Shanghai Composite looks to consolidate in the recent move higher while Emerging Markets shift to a short term move lower.

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

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week breaking resistance. It has a RSI is the bullish zone with the MACD crossing up. Look for continuation to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break of resistance to participate…..

TJX, Ticker: $TJX

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

Ulta Beauty, Ticker: $ULTA

Ulta Beauty, $ULTA, comes into the week moving up to resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Vulcan Materials, Ticker: $VMC

Vulcan Materials, $VMC, 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…..

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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 2023 in the books, saw equity markets showed major strength with a strong move higher in the Nasdaq all year that surpassed the large cap S&P 500 move that started in late 2022.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to move lower. The US Dollar Index looks to continue to drift to the downside while US Treasuries stall in their uptrend. The Shanghai Composite looks to bounce in its trend lower while Emerging Markets consolidate in a broad range.

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

Arch Capital, Ticker: $ACGL

Arch Capital, $ACGL, comes into the week rising off a low. It has a RSI rising towards the bullish zone with the MACD crossed up. Look for continuation to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week approaching resistance. It has a RSI trending higher, but short of the bullish zone, with the MACD crossing to positive. Look for a push over resistance to participate…..

Boston Scientific, Ticker: $BSX

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

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week breaking over resistance. The RSI is rising toward the bullish zone with the MACD crossed up. Look for continuation to participate…..

Progressive, Ticker: $PGR

Progressive, $PGR, comes into the week pushing through resistance. It has a RSI rising into the bullish zone with the MACD positive and 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 the 2nd Quarter in the books, watched equity markets finish the worst start of the year since 1970. They gave back more than half of the previous week’s gain on the week before a decent finish into the long weekend.

Elsewhere look for Gold to continue to consolidate in its pullback while Crude Oil continues in a short term pullback. The US Dollar Index continues in an uptrend while US Treasuries are in a short term move higher in their downtrend. The Shanghai Composite looks to continue its uptrend while Emerging Markets continue to move lower.

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

Cigna, Ticker: $CI

Cigna, $CI, comes into the week at support. The RSI is falling and the MACD dropping near zero. Look for a break of support to participate…..

ConocoPhilips, Ticker: $COP

ConocoPhilips, $COP, comes into the week pulling back from a top. It has a RSI dropping from overbought with the MACD turning towards a cross down. Look for continuation to participate…..

Fifth Third, Ticker: $FITB

Fifth Third, $FITB, comes into the week at support in a downtrend. The RSI is falling in the bearish zone with the MACD rolling over towards a cross down. look for a drop through support to participate…..

Fortinet, Ticker: $FTNT

Fortinet, $FTNT, comes into the week dropping to support. The RSI is dropping with the MACD rolling over towards a cross down. Look for a drop through support to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week at support. It has a RSI dropping lower with the MACD crossing down. Look for a drop through support 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 June options expiration week and the FOMC meeting, saw equity markets had resumed their blood bath moves to the downside and were testing the May lows.

Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil drives up to new highs. The US Dollar Index continues its move to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to continue to move higher while Emerging Markets resume the move to the downside.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week breaking support. It has a RSI falling in the bearish zone with the MACD negative and dropping. Look for continuation to participate…..

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week testing support after a pullback. The RSI is dropping in the bullish zone with the MACD falling. Look for continuation lower to participate….

General Mills, Ticker: $GIS

General Mills, $GIS, comes into the week pulling back from an all-time high. It has a RSI dropping in the bullish zone with the MACD crossed down. Look for continuation to participate…..

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week pulling back from an all-time high. It has a RSI falling into the bearish zone with the MACD negative and dropping. Look for a break of support to participate…..

Zions Bancorporation, Ticker: $ZION

Zions Bancorporation, $ZION, comes into the week stalling in a bounce. The RSI is falling in the bearish zone with the MACD negative and falling. Look for continuation lower 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 April in the books, saw equity markets off to their worst start in over 80 years and in downtrends.

Elsewhere look for Gold to continue the short term pullback while Crude Oil consolidates in its uptrend. The US Dollar Index continues a strong move higher but is at resistance while US Treasuries continue to trend lower. The Shanghai Composite looks to bounce in its downtrend while Emerging Markets continue to trend lower.