#$lstr

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

ACADIA Pharmaceuticals, Ticker: $ACAD

ACADIA Pharmaceuticals, $ACAD, stared higher off of the December bottom, pausing when it had returned to the Fall highs. Then 2 weeks ago it jumped to a higher high before the digestive pullback last week. The strong move Friday, along with the RSI turning back up and MACD avoiding a cross down support another leg higher. Look for continuation to participate…..

LivePerson, Ticker: $LPSN

LivePerson, $LPSN, topped out in September and then started to move lower. It found support in December and started to move higher into the New Year. Two weeks ago it made a higher high and then pulled back. It ended last week moving back up toward that high. The RSI is also moving back higher in the bullish zone with the MACD flat and positive. Look for continuation to participate higher…..

Landstar, Ticker: $LSTR

Landstar, $LSTR, started lower in early September. It found support at the end of October and reversed only to be stopped at the 200 day SMA at the end of November. It fell back from there to a lower low at the end of the month. Since then it rose back through the 200 day SMA to a higher high in February and has pulled back. Friday saw a strong move that may mark the bottom with the RSI turning back up but the MACD still falling. Look for continuation to participate…..

Worldpay, Ticker: $WP

Worldpay, $WP, topped in October and then began a drop that found support in late December. It has stepped higher since, adding a gap up 2 weeks ago. It has been digesting that gap and ended last week with a strong move that may indicate another leg beginning. The RSI is turning back up after retracting from an overbought condition while the MACD may be crossing down. Look for continuation to participate higher…..

Zendesk, Ticker: $ZEN

Zendesk, $ZEN, pulled back from a high in September, finding support in November. It confirmed a double bottom as it rose into 2019 and kept moving higher. It hit resistance last week and pulled back. By the end of the week it was showing strength again. The RSI is turning back up but the MACD is falling. Look for continuation in the price to participate…..

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 heading into March Options Expiration week sees that equity markets have finally taken a rest, and are digesting the strong moves from the Christmas Eve low.

Elsewhere look for Gold to pullback in its uptrend while Crude Oil marks time moving sideways. The US Dollar Index continues in broad consolidation but with a possible bullish reversal building while US Treasuries move higher in broad consolidation. The Shanghai Composite is making a digestive move in its uptrend while Emerging Markets are pulling back and possibly reversing lower.

EARNING UPDATE $LSTR Landstar System, Inc. for quarter ending q_Sep18 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on LSTR [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Landstar System, Inc. reported earnings (EPS) of 0.00 per share for the quarter ending q_Sep18. This is vis-vis 1.51 per share for the previous quarter ending q_Jun18, a decline of 100 %. Compared to last year same quarter (q_Sep17), earnings…

#LSTR Earning declared EPS = 1.63 vs estimate= 1.6 for Q3/18 #sym #spy #earnings #markets

Earning released for LSTR: Actual EPS = 1.63 per share Estimate = 1.6 per share

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LSTR report:

The mean EPS over the last 16 releases is 1.0 per share. The current EPS at 1.63 per share is above the average EPS of the last 16 quarterly earning releases.

LSTR Stock Chart:

LSTR Scores:

LSTR Fundamental Score = Click…

EARNING UPDATE $LSTR Landstar System, Inc. for quarter ending q_Jun18 – Revenue rose but Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on LSTR [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Landstar System, Inc. reported earnings (EPS) of 1.51 per share for the quarter ending q_Jun18. This is vis-vis 1.37 per share for the previous quarter ending q_Mar18, a growth of 10.2 %. Compared to last year same quarter (q_Jun17), earnings…

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

Altaba, Ticker: $AABA

Altaba, $AABA, has quietly run higher all year off of a low in December. It moved above the tight 20, 50, 200 day SMA's (often a point of inflection) in January and rode the 20 day SMA higher ever since. Two weeks ago the former Yahoo started a pullback that broke that 20 day SMA and continued down to the 50 day SMA for the first time since January. But Friday saw a reversal of that, breaking the bull flag to the upside. The RSI is also turning up and the MACD stopped and kinking higher. Look for continuation to participate higher.....

Broadcom, Ticker: $AVGO

Broadcom, $AVGO, also started higher in January, reaching a double top in August. it rolled lower from there crossing the 100 day SMA in September and making a series of lower highs. Last week that ended with the first higher high Friday. The RSI is also making a higher high and the MACD positive as it drifts higher. Look for continuation to participate higher.....

Home Bancshares, Ticker: $HOMB

Home Bancshares, $HOMB, pulled back from a top in March, finding support in June. The bounce from there was strong but short lived lasting less than a week before consolidating and falling again. This time it found support in September, bounced and has a longer run back higher. That ended 2 weeks ago and it sped lower again. Last week ended with the stock moving back higher though. The RSI also is moving back up and the MACD leveling. Look for continuation to participate higher.....

Landstar, Ticker: $LSTR

Landstar, $LSTR,fell back to its 200 day SMA in August, and then after making a double bottom started higher into September. That move topped at the beginning of October and pulled back slightly. Last week saw it move back to the prior high. It has a RSI that is moving higher and a MACD about to cross up. Look for a push over the prior high to participate.....

United Rentals, Ticker: $URI

United Rentals, $URI, pulled back to its 200 day SMA in June. It had a weak bounce higher off of it to a lower high in July before pulling back to the 200 day SMA again, where it had joined the 50 and 100 day SMA's. These crosses are often an inflection point and it acted this way for United Rentals. It moved higher to a peak last week and then pulled back slightly. Friday it broke a mini-channel to the upside. The RSI is moving higher after resetting lower in the bullish zone and the MACD is stopping its fall and positive. Look for continuation to participate higher.....

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 days of October the equity markets look.

Elsewhere look for Gold to continue lower in the short run while Crude Oil looks for new 52 week highs. The US Dollar Index has renewed strength and looks to continue higher while US Treasuries are biased lower but at long term support. The Shanghai Composite continues to make higher highs as it approaches 2 year highs and Emerging Markets are holding on a retest of break out levels.

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

DuPont Fabros, Ticker: $DFT

DuPont Fabros, $DFT, started higher form a low in February, reaching its top in August. It pulled back in a shallow retracement to the beyond its 200 day SMA from there, finding support at the April lows. Since mid-November it has been slowly turning higher and is back at resistance coming into the New Year. The RSI is in the bullish zone and the MACD is rising, both supporting more upside. Look for a push over resistance to participate to the upside….

Endo, Ticker: $ENDP

Endo, $ENDP, has fallen from a high over 96 in April 2015 finding a bottom a year later and over 85% lower. Since then it managed a small bounce to a high in August and then fell back. That pullback fond a higher low, a first bright spot for the stock, and has consolidated. The RSI is moving up and approaching the bullish zone while the MACD slowly trends higher. Look for continued upward price action to participate…..

Landstar, Ticker: $LSTR

Landstar, $LSTR, broke a long consolidation to the upside in October. It continued higher for 2 months, reaching a peak in early December. From there it has pulled back, and sits in consolidation over support. The RSI has held bullish over the mid line while the MACD has reset lower. A break over the consolidation range would be a signal to participate to the upside…..

Stericycle, Ticker: $SRCL

Stericycle, $SRCL, dropped precipitously in April and then retraced in a trend higher for 3 months before another drastic drop. The second kept going and eventually found a bottom in December. Since then it has made some progress, making its first new higher high. It sits consolidating as the year starts. The RSI is pushing towards the bullish zone while the MACD is rising. Look for a push over the 100 day SMA to participate in the upside…..

Unilever, Ticker: $UL

Unilever, $UL, moved higher off of a February 2016 low and started to find resistance in April. A pullback to a higher low reversed and found a new high in July. A smaller pullback reversed back to another higher high in September and then thing went south. A strong move lower in October cut 20% off the stock price, where it found a bottom in November. Since then it has bounced top resistance a few times and made higher lows. The RSI is rising and at the edge of the bullish zone while the MACD is bullish. Look for a move over resistance to participate to the upside…..

After reviewing over 1,000 charts, I have found some good setups for the week. hese were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which, with the calendar turning from 2016 to 2017 sees the equity markets retrenching in their uptrends.

Elsewhere look for Gold to continue its bounce in its downtrend while Crude Oil continues higher. The US Dollar Index looks to continue consolidation of the break out move while US Treasuries may have bottomed in their downtrend. The Shanghai Composite looks to continue to consolidate in the uptrend and Emerging Markets are consolidating the bounce in the downtrend.

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

Agrium, Ticker: $AGU

Agrium, $AGU, has moved sideways in a consolidation over 100 since pulling back from the high to start March. It ended last week with a touch of the 200 day SMA, the first time since December. Oh and that was the start of the last leg higher. The RSI continues to hold mildly bullish while the MACD is crossing down, a bearish signal. Look to follow the move away from the support level, whichever way it goes.

BioMarin Pharmaceuticals, Ticker: $BMRN

BioMarin Pharmaceuticals, $BMRN, broke above an ascending triangle in June. It retested the break out level and then rose just shy of the start on the pattern. A slight pullback to the 20 day SMA and now there is a tight consolidation range building. The RSI is turned down but remains bullish while the MACD has crossed down, rather un-bullish. A move to new highs or below the 20 day SMA is a trading opportunity.

Hain Celestial, Ticker: $HAIN

Hain Celestial, $HAIN, has been steadily rising since September 2014. The latest price action sees it consolidating under resistance at 69 with tightening Bollinger Bands® after a leg higher from the rising trend support. The RSI is rolling over though it remains in the bullish zone, while the MACD is crossed down and falling. Watch for a break of the 20 day SMA or a move over resistance.

Landstar System, Ticker: $LSTR

Landstar System, $LSTR, was on the radar two weeks ago as it consolidated at resistance. Friday broke that resistance to the upside but then pulled back from the high print intraday as it met the February high. Despite the long upper shadow, the Bollinger Bands are opening to the upside while the RSI is bullish and the MACD crossed up and rises. All are bullish signals, and you now have a natural stop area.

Nasdaq OMX, Ticker: $NDAQ

Nasdaq OMX, $NDAQ, has been trending higher since October, but with some strong pullbacks along the way. Regardless, the series of higher highs and higher lows continues. The price action to close last week saw a test of the May high and move above resistance before pulling back. The Bollinger Bands are opening higher and the RSI is in the bullish zone with a rising MACD. All support more upside price action.

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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 last week of July sees the equity markets a bit weaker but mixed with the tech names the strongest.

Elsewhere look for Gold to continue lower along with Crude Oil. The US Dollar Index may move sideways or continue higher while US Treasuries are biased to the upside. The Shanghai Composite is looking stronger and has almost dispelled all possibility of a Dead Cat Bounce while and Emerging Markets are confirming the resumption of the move lower.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts are a bit mixed, with all better on the longer timeframe. The QQQ is the leader on the weekly timeframe with the IWM next and then the SPY. On the shorter timeframe the QQQ's are also looking the strongest with the SPY and IWM worse, but all biased lower short term. Use this information as you prepare for the coming week and trad'em well.

Landstar System ($LSTR) just might have been the forerunner of Uber, but for the trucking industry.  Owner operators pick their own loads and routes from the Landstar agents.  Sounds familiar huh?  The stock of the company then looks a bit like a trucking company and a bit like a delivery company.

The chart above says who cares if it is a trucking or delivery company, it is ready to go up.  Monday the price broke above the recent consolidation zone and resistance at 68.  That was grounds for aggressive traders to take action.  A break of a Cup and handle Pattern and with a target to 74.  If you use your imagination you can see a bigger Cup develops at that point.  

The price ended the day at the 200 day SMA and the resistance area from March at 69.  A more conservative trade can look for a break over both against a stop at 68 for a move higher.  The momentum indicators are supportive of continuation higher.  The RSI is rising and bullish while the MACD is about to cross up.