#$pki

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

Danaher, Ticker: $DHR

Danaher, $DHR, rose to a high in November and then shifted to a sideways channel. It fell back to the 200 day SMA in March and consolidated until Friday. It moved up out of consolidation then with the RSI rising and the MACD crossed up and rising. Look for continuation to participate…..

Lowe’s, Ticker: $LOW

Lowe’s, $LOW, rose from the March low and continued to a top in August. It has moved mainly sideways since and comes into the week at the high with the RSI rising and the MACD climbing. Look for a push over resistance to participate…..

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, rose from a March low to a top in January. It has been pulling back since but found support at the 200 day SMA. The RSI is rising and the MACD crossed up and moving towards positive. Look for a move higher to participate…..

STAAR Surgical, Ticker: $STAA

STAAR Surgical, $STAA, made a top in February and then sharply moved lower. It found support in early March and has bounced and found resistance. The RSI is rising toward the bullish zone and the MACD is about to cross up. Look for continuation to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, made a top in August and then settled into consolidation. It has slowly rounded out and move to a new high with the RSI rising and the MACD positive and moving 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 the March Quad Witching in the books, sees equity markets continuing to show signs of strain.

Elsewhere look for Gold to continue its pullback while Crude Oil pulls back in its uptrend. The US Dollar Index is on the verge of a reversal to the upside while US Treasuries continue to move lower. The Shanghai Composite looks to be on the edge of a reversal lower while Emerging Markets pullback in their uptrend.

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:

Green Dot, Ticker: $GDOT

Green Dot, $GDOT, had been moving steadily higher until the end of September. Since the calendar turned to October it has fallen back and comes into the week near the 200 day SMA. The RSI is oversold and started to turn up Friday while the MACD is falling. A bounce Monday gives a reason to participate to the upside.....

Occidental Petroleum, Ticker: $OXY

Occidental Petroleum, $OXY, rose up from a March low and ran to a high in May. It consolidated there for over 3 months before pulling back into august. More consolidation was followed by a push back higher into the end of September. But that failed at a lower high and it is now back at support and the 200 day SMA. The RSI is turning back up and the MACD falling and now negative. Look for a push back higher to participate to the upside.....

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, started higher in July out of consolidation. It continued to a top at the end of September before pulling back. Friday it showed signs of a reversal as it reached the August low and neared the 100 day SMA. The RSI has turned back up after being oversold and the MACD is falling and negative. Look for continuation to participate higher.....

PayPal, Ticker: $PYPL

PayPal, $PYPL, made a top in September and then started to roll lower. It continued through the 200 day SMA last week, finally finding support Thursday and bouncing. The RSI also bounced out of oversold territory with the MACD starting to level. Look for continuation to the upside to participate higher.....

United States Cellular, Ticker: $USM

United States Cellular, $USM, rose from a low in July, into consolidation through August and September. It then started higher again and is consolidating again. The RSI is rising and bullish with the MACD moving higher. Look for continuation to participate to the upside.....

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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 saw that the equity markets had their worst week and deepest correction since the February and March pullbacks.

Elsewhere look for Gold to rise in the short term while Crude Oil pulls back in its uptrend. The US Dollar Index continues to mark time sideways while US Treasuries are bouncing in their downtrend. The Shanghai Composite looks weak as it makes 4 year lows and Emerging Markets may be ready to reverse their downtrend.

Volatility looks to remain elevated keeping the bias lower for the equity index ETF's SPY, IWM and QQQ. Their charts show short term trend changes to the downside and are close to longer term trend changes as well. The IWM is now over 11% off its high and looking the worst, while the QQQ has bounced after dropping more than 10%. The SPY also bounced, after a smaller 8% pullback. Use this information as you prepare for the coming week and trad'em well.

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

Discover Financial, Ticker: $DFS

Discover Financial, $DFS, rose from a bottom in September. It crossed the 200 day SMA in October and consolidated there until it bounced off of the 50 day SMA and started higher again following a Golden Cross. That move topped in January and pulled back slightly before retesting the top and reversing, a Double Top. The pullback filled a gap and reversed last week. The RSI is rising and bullish with the MACD crossing up. Look for continuation to participate higher.....

Graco, Ticker: $GGG

Graco, $GGG, moved steadily higher after leaving consolidation at the end of July. It paused for consolidation in November and then started back higher in December, reaching a top in January. It pulled back from there with the market, touching the 200 day SMA and then reversing. Now it is back at the 100 day SMA with the RSI rising to the mid line and the MACD turning up towards a bullish cross. Look for continuation to participate higher.....

Kansas City Southern, Ticker: $KSU

Kansas City Southern, $KSU, started higher in March, and then plateauing for 5 month s beginning in June. It tried to move to a higher range then and topped at the end of November. A pullback to a higher low and then it reversed to form a Double Top and dropped with the market. After hitting the 200 day SMA it found support and rode it until turning back higher last week. Now it is breaking short term resistance with a RSI moving up over the mid line and the MACD about to cross up. Look for continuation to participate higher.....

Packaging Corporation of America, Ticker: $PKG

Packaging Corporation of America, $PKG, started higher in April and ran until consolidation began in July. It moved out of that to a higher high in September before pulling back to a higher low in November. It made another higher high in January then before pulling back to the 200 day SMA, but another higher low. Now it is rising again with the RSI rising and the MACD about to cross up. Look for continuation to participate higher.....

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, started to move higher in August, slowing as it moved toward year end, and then accelerating into a peak in late January. It pulled back from there to the 100 day SMA, the third time it has acted as support, and reversed last week. The RSI is trending higher at the mid line with the MACD about to cross up. Look for a push over short term resistance 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 with February Options Expiration behind, sees the equity markets recovered substantially from their first correction in 2 years.

Elsewhere look for Gold to continue higher in its new uptrend while Crude Oil also resumes the path higher. The US Dollar Index looks better to the downside and US Treasuries are biased lower. Both are entering major trend change territory. The Shanghai Composite and Emerging Markets have reversed their moves lower with the Chinese market still a bit weak.

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

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, had a strong move higher through early 2016 until reaching a plateau in July. It held there for nearly 4 months until dropping back to the 200 day SMA at the beginning of November. Since then it has had a wild ride with a fast move higher into early December followed by a quick down move into January and now a second strong bounce. Into the new week it is at minor resistance with the RSI moving into the bullish range and the MACD crossed up and rising, both supporting more upside. Look for a break over resistance to participate higher.....

CEMEX, Ticker: $CX

CEMEX, $CX, moved up from a June 2016 low, stalling in August. Since then it has made a series of higher highs and higher lows, leading to the current consolidation since mid-February. Friday saw the price back at resistance with the RSI moving up and bullish while the MACD has crossed up. Look for a push through resistance to participate to the upside.....

Darden Restaurants, Ticker: $DRI

Darden Restaurants, $DRI, rose out of consolidation in November and quickly moved higher to a peak in early December 25% higher. It pulled back from there into the end of the year and had a weak bounce before retesting the pullback low and reversing higher. It made a higher high, confirming a double bottom and then made a shallow pull back. Last week it pushed higher out of the pullback and ended the week at resistance. The RSI is moving up in the bullish zone while the MACD is crossing up. Look for a push over resistance to participate higher.....

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, went through a strong trend higher from 2011 until starting a broad consolidation in 2015. That broke to the upside in June 2016, but did not move very far, stalling in late July. Just a new consolidation range slightly higher with support roughly below the 200 day SMA. Since a bottom in November though it has been moving higher and ended last week at a new all-time high close, and over resistance. The RSI is bullish and rising and the MACD is moving up as well. Look for continuation to participate higher.....

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, moved higher off of a low in July last year, reaching a top in December. Since then it has consolidated moving mostly sideways. But since February began it has made higher highs and higher lows, a possible change of character to the upside. The RSI is rising and bullish while the MACD is crossed up and rising. 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 with the March FOMC meeting and Options Expiration in the rear view mirror, sees the markets to have come through unscathed, although with a new leader.

Elsewhere look for Gold to continue in its short term uptrend while Crude Oil bounces off of support. The US Dollar Index looks to continue lower while US Treasuries are back into consolidation in the downtrend. The Shanghai Composite continues to drift slowly higher and Emerging Markets are fire moving higher.

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

TD Ameritrade, Ticker: $AMTD

TD Ameritrade, $AMTD,fell hard with the market to start the year. It found support into early February as volume ramped up and them fell back. Since mid February it has been rising, reaching resistance at the January bounce level and consolidating through March. Friday saw a bullish engulfing candle break over that range and the 100 day SMA. With the RSI bullish and the MACD about to cross up and rise again look for continuation to participate to the upside.....

Danaher, Ticker: $DHR

Danaher, $DHR, ended 2015 with a strong run higher stopping just short of 100 at the end of November. The pullback that followed was deep, retracing the entire move higher, bottoming in late January. That was followed by another sharp leg higher. What was that about the Efficient Market Hypothesis? It is now consolidating and Friday saw a bullish engulfing candle. This shifted the MACD from a possible cross down to flat with the RSI strong in the bullish zone. Look for a continuation to participate to the upside.....

Eaton, Ticker: $ETN

Eaton, $ETN, also had a long run lower over the summer of 2015. There was some bouncing around then from October through to a final low in mid January. Since then there has been no doubt the trend is up, with the stock rising for nearly 3 months. The last two weeks it has consolidated and Friday's bullish engulfing candle looks for continuation higher. The RSI is bullish and the MACD pulling back slightly. Look for continuation higher Monday to participate to the upside.....

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, started the year with a quick move lower followed by consolidation. Then a second move lower ran to the lower in early February on a spike in volume. The following move higher has stalled at the prior resistance, until Friday saw a break higher. It has support for more upside from a rising and bullish RSI and MACD. Look for follow through to participate to the upside.....

Red Hat, Ticker: $RHT

Red Hat, $RHT, started the year off to the downside as well, bottoming nearly 30% lower in early February. But since then it has risen steadily. It touched the 200 day SMA 2 weeks ago and pulled back. The reversal back higher made a higher low and it is now back at the prior high. The RSI is in the bullish zone and rising while the MACD avoided a cross down. These support more upside, and if it pushes to a higher high look to participate on the upside......

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 first full week of April sees the equity indexes looking strong and ready to make another leg higher.

Elsewhere look for Gold to continue its pullback along with Crude Oil. The US Dollar also looks to continue lower, possibly testing key 12 month support while US Treasuries are breaking to the upside and look to continue. The Shanghai Composite looks poised to move higher in its downtrend as Emerging Markets continue to trend higher.

Volatility looks to remain low and biased lower keeping the bias higher for the equity index ETF's SPY, IWM and QQQ, despite the moves the past week. Their charts also look strong on both the daily and weekly timeframe with the only slight warnings coming from slowing momentum indications. Use this information as you prepare for the coming week and trad'em well.

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

Fifth Third Bancorp, Ticker: $FITB

Fifth Third Bancorp, $FITB, dropped hard in August from a consolidation zone. The next few months saw a failed attempt higher and then some consolidation before a move higher in mid October. That found resistance at the prior zone of importance and pulled back. It made a higher low and moved back up through the zone last week. The RSI is rising and bullish and the MACD is rising, both supporting further upside.

Huntington Bancshares, Ticker: $HBAN

Huntington Bancshares, $HBAN, also dropped hard with the market in August and then consolidated for a couple of months. The rise that began in October met resistance at the pre-drop level and pulled back to a higher low at the 20 day SMA, before rising to test it again. The RSI is bullish and rising and the MACD is flat but positive. A new high is an entry signal.

Old Dominion Freight Line, Ticker: $ODFL

Old Dominion Freight Line, $ODFL, has been in a downward channel since March, with the exception of a small period riding the top of the channel as support in August. The price action may have changed in September though as it has been moving sideways since then. Into the new week the price is pressing against resistance with the RSI pressing against the bullish zone. The MACD is bullish and rising. Look for a move over that resistance to participate.

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, fell lower with the market in August then took a second leg down in September. A 25% drop in all, before a strong run higher to the prior resistance zone. After a small pullback the price reversed back up and is testing that resistance again. The RSI is bullish and rising and the MACD is crossing up after a short pullback of its own. Look for a push through the resistance as a signal to participate.

Zoetis, Ticker: $ZTS

Zoetis, $ZTS, spiked 10% higher in June only to reverse and more the very next day. It then embarked on a downward journey finding a double bottom near 40 in October. Since then it has been slowly rising and looks ready for more. The RSI is in the bullish zone while the MACD is rising, both supporting more upward price action. Look for a break of consolidation to participate higher.

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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 December sees the equity markets looking solid and maybe with new leadership.

Elsewhere look for Gold to continue lower while Crude Oil builds a bear flag in its longer downtrend. The US Dollar Index is breaking out to multi-year highs while US Treasuries consolidate with a short term bias higher. The Shanghai Composite broke consolidation to the downside and may be resuming the downtrend, while Emerging Markets are moving lower after failing at resistance.

Volatility looks to remain subdued and possibly fall keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. The SPY and QQQ paused this week and the IWM has taken over leadership in the short term. All look positive on the intermediate term chart. Use this information as you prepare for the coming week and trad'em well.

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

ConAgra Foods, Ticker: $CAG

ConAgra Foods, $CAG, had been trending higher through 2014 and took a break in 2015. Then it got an activist investor involved and gapped higher in June. Since then it has consolidated with the Bollinger Bands® tightening, often a precursor to a move. The MACD has slowed its decent and is turning as the RSI falls, but in the bullish zone. Watch for a break of the consolidation either way.

Foot Locker, Ticker: $FL

Foot Locker, $FL, is one way to avoid a decision between Nike and Under Armour altogether. It has been moving higher in long steps for quite some time. Now it sits under resistance at 71 with tightening Bollinger Bands. The RSI is bullish and rising while the MACD has been pulling back, but is stabilizing. Watch for a break over 71 to enter.

First Merit, Ticker: $FMER

First Merit, $FMER, stock fell hard following its earnings report last week. But notice that the level it is holding has been an important one in the past as both support in the second quarter and resistance at the end of 2014. It is also holding at the 200 day SMA. The RSI is oversold and kinking back higher, but the MACD is falling. Look for a potential bounce in this stock.

Packaging Corporation of America, Ticker: $PKG

Packaging Corporation of America, $PKG, had a strong move up off of the October 2014 bottom in the market to a peak in February. Since then though it pulled back, making a low as a double bottom in July. Now it is rising again and testing resistance at the gap down from April. It has support for a move higher from the rising and bullish RSI and MACD.

PerkinElmer, Ticker: $PKI

PerkinElmer, $PKI, has been a strong stock, rising through most of 2015 until the June and July pullback. There are signs that the pullback is over though and the stock is ready to reverse back higher. The RSI moved up off of the oversold level again and is making a higher high into the bullish zone. The MACD is turned and crossing up as well. Finally the price is breaking above a falling wedge and pushing the Bollinger Bands higher.

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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 dog days of August sees the Equity markets having weathered another storm but not showing strength to push higher yet.

Elsewhere look for Gold to consolidate or continue lower while Crude Oil moves to the downside. The US Dollar Index looks to move sideways with an upward bias while US Treasuries are biased to continue higher. The Shanghai Composite and Emerging Markets both are biased to the downside but trying to consolidate.

Volatility looks to remain subdued keeping the bias higher for the equity index ETF's SPY, IWM and QQQ. Their charts suggest that there is potential for some weakness in the current move short term though. On the longer timeframe the QQQ looks strong and may be ready for new all time highs, while the SPY is on consolidation and the IWM a retrenching consolidation. Use this information as you prepare for the coming week and trad'em well.