#$nsc

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

JB Hunt Transport Services, $JBHT, comes into the week rising toward resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Norfolk Southern, $NSC, comes into the week pushing up through resistance. It has a RSI rising toward the bullish zone with the MACD negative. Look for continuation to participate…

Northern Trust, $NTRS, 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…

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

Vulcan Materials, $VMC, comes into the week moving higher over support. 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 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.

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Norfolk Southern, $NSC, comes into the week in consolidation at the 20 day SMA and under the flat 50 day SMA. It has a RSI rising at the midline with the MACD curling to cross up but still negative. This is after a shallow pullback from a retest 2022 high. There is resistance at 285 and 288 then 291.50 and 294.75 before 297.50 and 301.50. Support lower is at 279.50 and 276. Short interest is low at 2.6%. The stock pays a dividend with an annual yield of 1.90% and began trading ex-dividend Friday.

The company is expected to report earnings next on January 27th. The November options chain shows biggest open interest at the 265 then 280 put strikes and at the 280 call. In the December chain it is biggest at the 270 put and spread from 270 to 340, slightly larger at 320 on the call side. Finally, the January chain has biggest open interest at the 240 put strike and the 300 call strike.

Trade Idea 1: Buy the stock on a move over 285 with a stop at 275.

Trade Idea 2: Buy the stock on a move over 285 and add a November 280/275 Put Spread ($2.45) while selling the December 300 Call ($1.85).

Trade Idea 3: Buy the November/December 290 Call Calendar ($3.35) while selling the November 277.50 Put ($1.70).

Trade Idea 4: Buy the January 270/290/300 Call Spread Risk Reversal ($1.40).

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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 1st week of November in the books saw equity markets showing some jitters, falling in a week filled with election results, Fed speak and tariff legitimacy debate.

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 shifts to a short term drift to the downside as it tries to round out a bottom, while US Treasuries give up the breakout 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 near 4 year highs.

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

Costco, Ticker: $COST

Costco, $COST, comes into the week at resistance. It has a RSI rising towards the bullish zone with the MACD heading towards positive. Look for a push over resistance to participate…..

Graco, Ticker: $GGG

Graco, $GGG, comes into the week reversing higher off a low. It has a RSI rising towards the bullish zone and a MCD about to cross up. Look for continuation to participate…..

W.W. Grainger, Ticker: $GWW

W.W. Grainger, $GWW, comes into the week reversing higher off a low. It has a RSI rising off oversold and a MACD turning to cross up. Look for continuation to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week reversing off a low. It has a RSI rising off oversold and a MACD about to cross up. Look for continuation to participate…..

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD moving towards 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 only 4 trading days left in the 2nd Quarter, saw that equity markets had mounted a strong rebound off of the lows and set up for at least short term continuation.

Elsewhere look for Gold to continue to consolidate while Crude Oil pulls back from the highs. The US Dollar Index pause in its move to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to continue the trend higher while Emerging Markets continue to move lower.

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week approaching the prior high. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over the prior high to participate….

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week pulling back from a recent top and at support. The RSI is falling through the midline with the MACD dropping but positive. Look for the reaction to touching support to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, comes into the week near resistance in a bounce. The RSI is rising at the midline with the MACD crossed up. Look for continuation to participate….

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week at a resistance channel. It has a RSI rising into the bullish zone with the MACD crossing up. Look for a push through the channel to participate…..

Procter & Gamble, Ticker: $PG

Procter & Gamble, $PG, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD about to cross up. 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 weeks of trading left in 2021, saw equity markets showing more weakness.

Elsewhere look for Gold to consolidate while Crude Oil pulls back. The US Dollar Index continues to trend to the upside while US Treasuries renew their uptrend. The Shanghai Composite looks to consolidate in a broad range while Emerging Markets continue to move lower. The Volatility Index looks to remain elevated making building strong headwinds for equity markets.

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

Alexion Pharmaceuticals, Ticker: $ALXN

Alexion Pharmaceuticals, $ALXN, rounded up above the 200 day SMA in August and has made a series of higher highs and higher lows since. It is currently in consolidation in a pullback at the 50 day SMA with the RSI falling and the MACD dropping towards zero. Look for a break lower to participate…..

Biogen, Ticker: $BIIB

Biogen, $BIIB, started to revere lower when it hit the 200 day SMA last month. It continued until last week when it found support and consolidated. The RSI is turning back higher with the MACD leveling. Look for a move higher to participate…..

Huntington Bancshares, Ticker: $HBAN

Huntington Bancshares, $HBAN, comes into the week at recent highs and over the 200 day SMA. The RSI is rising in the bullish zone with the MACD moving higher. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, started moving higher when it broke above the 200 day SMA in July. It continued to a top in September and has been slowly rolling lower since. It found support last week and ended reversing higher. The RSI is also moving higher again with the MACD leveling but slightly negative. Look for continuation to participate…..

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, moved higher off of the 50 day SMA in September, reaching a top in October. It pulled back and found support again at the 50 day SMA before the current move higher. The RSI is rising in the bullish zone with the MACD pushing higher. 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 ten months in the books, saw equity markets looking to start November sitting on support with downside momentum building into the election.

Elsewhere look for Gold to continue its pullback while Crude Oil may begin a new downtrend. The US Dollar Index continues to rise in consolidation while US Treasuries continue in their downtrend. The Shanghai Composite looks to continue to consolidate while Emerging Markets pullback in their uptrend.

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

Graco, Ticker: $GGG

Graco, $GGG, started higher in March and made a series of higher highs and higher lows. Since moving up off of the 200 day SMA in July it has had a steady trend higher. It paused when it reached the February high and then has continued higher. It comes into the week at resistance with a RSI rising in the bullish zone and then MACD crossing up. Look for a push over resistance to participate…..

Lazard, Ticker: $LAZ

Lazard, $LAZ, met resistance in June just under the 200 day SMA. It pulled back and then made another move higher that stalled under the 200 day SMA. It has held there since. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, started higher in March and met resistance in June. It pulled back to the 50 day SMA and then reversed higher. It is now at all-time highs again. The RSI is rising in the bullish zone with the MACD turning to cross up. Look for a push over resistance to participate…..

Nutrien, Ticker: $NTR

Nutrien, $NTR, started higher off of a March low and met resistance in April. It has moved sideways in a range since, tightening against the top the last month. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over resistance to participate…..

Snap, Ticker: $SNAP

Snap, $SNAP, ran from a March low to a top in July. It pulled back from there and has been rounding out a bottom recently. The RSI is rising in the bullish zone with the MACD lifting and positive. Look for continuation 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 a second week lower and heading into the September options expiration, saw equities trying to catch their breath but looking weak.

Elsewhere the word is consolidation. Look for Gold to continue its consolidation while Crude Oil breaks consolidation lower. The US Dollar Index continues to consolidate after the drop while US Treasuries move sideways. The Shanghai Composite looks to continue an intermediate consolidation while Emerging Markets consolidate under long term resistance.

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

Comerica, Ticker: $CMA

Comerica, $CMA, made a bottom in March and held there until moving higher at the end of May. It topped in June and then pulled back. Since then it has been consolidating under resistance. The RSI is rising towards the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Hartford Financial, Ticker: $HIG

Hartford Financial, $HIG, bottomed in March and then did not do much until starting to move higher in May. It topped in early June and pulled back, creating a new consolidation zone. It is at resistance now with the RSI rising into the bullish zone and the MACD lifting and positive. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, also bottomed in March and then reversed. It made a top in June and then pulled back. It found support and reversed again, and has been in consolidation against resistance at a lower high since. The RSI is rising in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Patterson, Ticker: $PDCO

Patterson, $PDCO, rose from an April low in a jagged fashion. By late June it was moving higher and made a top in July. Last week it closed with a push over that top. The RSI is rising in the bullish one with the MACD turning up and positive. Look for continuation to participate…..

Thermo Fisher, Ticker: $TMO

Thermo Fisher, $TMO, rose from a March low to consolidation in April. it held there for 10 weeks before moving higher in July. It topped 2 weeks ago and has consolidated since. The RSI is strong in the bullish zone with the MACD flat and positive. Look for a pus up through the triangle 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 July in the books, saw equity markets showed resilience with a rebound from consolidation.

Elsewhere look for Gold to continue higher while Crude Oil consolidates in a tight range. The US Dollar Index continues to move to the downside while US Treasuries continue their uptrend. The Shanghai Composite is building tightening consolidation while Emerging Markets consolidate in their uptrend.

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

CME, Ticker: $CME

CME, $CME, fell through support in March and found a bottom one week later. Since then it has made 2 moves higher and is at resistance. The RSI is rising toward the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Dunkin’ Brands, Ticker: $DNKN

Dunkin’ Brands, $DNKN, started to move lower in February. It accelerated into March and found a bottom in the middle of the month. Since then it has been trending higher and is at resistance. The RSI is rising into the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, fell fast out of a long consolidation in late February. It found support mid-March and reversed. It comes into the week at resistance and with the RSI rising off of the mid line and the MACD about to turn positive. Look for a push over resistance to participate…..

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, peaked in January after a gap up and then started to slowly turn lower. It accelerated at the end of February and made a bottom in mid-March. Since then it has been rising and is at resistance short of filling a gap. The RSI is rising into the bullish zone with the MACD about to turn positive. Look for a break over resistance to participate…..

Rockwell Automation, Ticker: $ROK

Rockwell Automation, $ROK, started lower in late February and found support in the middle of March. It has moved higher since and is now at resistance and the 50 day SMA. The RSI is rising toward the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

If you like what you see sign up for more ideas and deeper analysis using the 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 April options expiration complete sees equity markets continuing to show signs of recovery.

Elsewhere look for Gold to continue its pullback in the uptrend while Crude Oil consolidates in the down trend. The US Dollar Index continues to tighten its range while US Treasuries consolidate in their uptrend. The Shanghai Composite remains in broad consolidation while Emerging Markets continue their short term move higher.