#$ma

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

Bristol-Myers Squibb, $BMY, comes into the week rounding out a bottom. It has a RSI rising toward the midline with the MACD crossed up. Look for continuation to participate…

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

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

JP Morgan, $JPM, 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…

Mastercard, $MA, 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 that saw with April in the books and the FOMC meeting next week, equity markets signaled that the bottom is in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil resumes a new downtrend under support. The US Dollar Index remains in a short term downtrend, failing to continue a reversal, while US Treasuries consolidate the downtrend. The Shanghai Composite looks to continue to consolidate in a tight range while Emerging Markets are poised for more upside in broad consolidation nearing resistance.

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

Broadcom, Ticker: $AVGO

Broadcom, $AVGO, 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…..

Boeing, Ticker: $BA

Boeing, $BA, comes into the week rounding up from a bottom. It has a RSI rising and a MACD crossed up. Look for continuation to participate…..

Hilton Worldwide, Ticker: $HLT

Hilton Worldwide, $HLT, comes into the week rounding out a bottom. It has a RSI rising through the midline with the MACD crossed up. Look for continuation to participate…..

Mastercard, Ticker: $MA

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

UPS, Ticker: $UPS

UPS, $UPS, comes into the week approaching resistance. It has a RSI at 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 the August options expiration in the books, saw equity markets show strength, continuing the climb out of July pullback.

Elsewhere look for Gold to continue its uptrend to new highs while Crude Oil consolidates in a tightening range. The US Dollar Index continues to move to the downside in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets have re-broken resistance and may start a new uptrend.

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

Ally Financial, $ALLY, 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…

Applovin, $APP, 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…

Gap, $GAP, comes into the week pressing resistance. It has a RSI in the bullish zone with the MACD positive. Look for a thrust over resistance to participate…

Mastercard, $MA, 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…

Rocket Lab, $RKLB, 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 December Quad Witching in the books, equity markets showed some strength at the end of the week to stop the drop.

Elsewhere, look for Gold to continue the uptrend and challenge the all-time high while Crude Oil holds lower on the verge of shifting to a 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 pause in the uptrend after some digestion from the 10 year highs while Emerging Markets hold up in their uptrend.

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

Mastercard, Ticker: $MA

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

NVIDIA, Ticker: $NVDA

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

Oracle, Ticker: $ORCL

Oracle, $ORCL, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD curling to cross up and positive. Look for continuation to participate…..

Summit Materials, Ticker: $SUM

Summit Materials, $SUM, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for continuation to participate….

Toronto-Dominion, Ticker: $TD

Toronto-Dominion, $TD, comes into the week at resistance. It has a RSI rising at the edge of the bullish zone with the MACD about to turn 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 with the May FOMC meeting in the books, saw that equity markets showed resilience with a rebound Friday erasing an ugly midweek slump.

Elsewhere look for Gold to continue its uptrend while Crude Oil holds in the low end of a consolidation range. The US Dollar Index continues to drift sideways at support while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in consolidation while Emerging Markets consolidate.

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

Akamai Technologies, Ticker: $AKAM

Akamai Technologies, $AKAM, comes into the week heading towards resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week pressing on support. It has a RSI pulling back from overbought with a MACD crossed down. Look for a drop through support to participate…..

Mastercard, Ticker: $MA

Mastercard, $MA, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Morgan Stanley, Ticker: $MS

Morgan Stanley, $MS, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat and positive. look for a push over resistance to participate…..

Schlumberger, Ticker: $SLB

Schlumberger, $SLB, comes into the week approaching support. It has a RSI dropping in the bullish zone with the MACD falling. 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 last month of the year, equity markets showed continued strength as they continued higher.

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

Mastercard, $MA, started last week with a full retracement to the December low and then bounced. It ended the week pulling back from building resistance near the 78.6% retracement of the range from the December low to the top in February. With the gap up and intraday move lower on Friday the stock could move in either direction this week. A break of resistance to the upside would look for continued reclamation toward the prior high with targets at the 38.2% retracement at 341.55 and the 61.8% retracement at 363.86.

Continued movement to the downside would give a target to 235 as a Measured Move equivalent from the top to last week’s low. The RSI has stalled as it moved higher out of oversold territory with the MACD leveling and negative. These would seem to favor more downside. There is support lower at 320 and 305.50 before 301.50 and 290 then 288 and 283 followed by 269. Resistance higher comes at 331 and 337 then 341 and 350 before 357 and 364. Short interest is low under 1%. The stock pays a dividend with an annual yield of 0.60% and will start trading ex-dividend on April 7th.

The company is expected to report earnings next on April 27th. The March options chain shows big open interest at every $5 strike on the put side from 300 to 370. It is much bigger on the call side though at 360 and then 370. The April options have open interest spread from 280 to 375 on the put side, biggest at 300. On the call side it builds from 315 to a peak at 370. The April 29 Expiry options have very small open interest as they have just recently opened, with the exception of a big chunk at the 365 call. The May chain shows biggest open interest at the 360 and 365put strikes and spread from 335 to 370 on the call side.

Mastercard, Ticker: $MA

Trade Idea 1: Sell the stock short on a move under 323 with a stop at 331.

Trade Idea 2: Sell the stock short on a move under 323 and add an April 330/350 Call Spread ($8.00) while selling an April 300 Put ($7.00).

Trade Idea 3: Buy the stock on a move over 331 with a stop at 324.

Trade Idea 4: Buy the stock on a move over 331 and add an April 320/300 Put Spread ($6.90) while selling the April 350 Calls ($5.30).

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 March options expiration, saw equity markets continue to show weakness in choppy trading. The coming week will likely be headline driven again with the Ukraine – Russia conflict and the FOMC meeting adding volatility.

Elsewhere look for Gold to continue its uptrend while Crude Oil pulls back in its uptrend. The US Dollar Index continues to move to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to have established a downtrend while Emerging Markets continue their move lower.