#$rtx

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

Aflac, $AFL, comes into the week pushing on short term resistance. It has a RSI rising off the midline with the MACD about to turn positive. Look for a push over resistance to participate…

Boeing, $BA, 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…

Honeywell, $HON, 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…

Prudential Financial, $PRU, comes into the week at resistance. It has a RSI rising off the midline with the MACD positive. Look for a push over resistance to participate…

RTX, $RTX, comes into the week rounding up from the 20 day SMA. 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 with just 1 trading day left in June and the 2nd Quarter, saw equity markets show strength with strong moves higher.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates after a strong move lower. The US Dollar Index continues a short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets resume their break to the upside in consolidation.

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

Blackrock, $BLK, comes into the week trying to round out of a pullback. It has a RSI rising and a MACD turning toward a cross up. Look for continuation to participate…

eBay, $EBAY, comes into the week rounding up out of a pullback. It has a RSI rising and the MACD leveling and negative. Look for continuation to participate…

GE Aerospace, $GE, comes into the week rounding up out of a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

RTX, $RTX, comes into the week rounding up from a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

TJX, $TJX, comes into the week rising to 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 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:

Abbott Laboratories, $ABT, comes into the week at resistance. It has a RSI rising and the MACD curling to cross up. Look for a push over resistance to participate….

Broadcom, $AVGO, comes into the week at resistance. It has a RSI is the bullish zone with the MACD flat and positive. Look for a push over resistance to participate….

GE Aerospace, $GE, comes into the week at resistance. It has a RSI is the bullish zone with the MACD positive. Look for a push over resistance to participate….

Nike, $NKE, 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….

RTX, $RTX, 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….

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 the peak of earnings season and the FOMC meeting, saw equity markets continuing to show strength, making new highs.

Elsewhere, looked for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues short term move to the downside at 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to move up to test the top of the broad consolidation area while Emerging Markets continue their short term uptrend.

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

Broadcom, $AVGO, comes into the week approaching resistance and the 200 day SMA. It has a RSI at the midline with the MACD rising and negative. Look for a push over resistance to participate…

CME Group, $CME, comes into the week moving higher off a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Deere, $DE, comes into the week at resistance. It has a RSI at the midline with the MACD negative and both rising. Look for a break of resistance to participate…

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

TJX, $TJX, comes into the week breaking resistance. 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 heading into the holiday shorted pre-Easter week, saw equity markets show resilience with a sizeable move higher in a very volatile week.

Elsewhere look for Gold to continue its move higher while Crude Oil continues the downtrend. The US Dollar Index continues to trend to the downside while US Treasuries trend lower. The Shanghai Composite consolidation looks at risk to a move lower while Emerging Markets consolidate.

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

Aflac, $AFL, comes into the week moving up from a higher low. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Boeing, $BA, comes into the week rebounding from a pullback. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…

Corning, $GLW, comes into the week rising off a pullback to the 200 day SMA. It has a RSI rising with the MACD curling to cross up. Look for continuation to participate…

Progressive, $PGR, 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…

RTX, $RTX, comes into the week rounding up from a pullback. It has a RSI in the bullish zone with the MACD 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 heading into the March options expiration and FOMC meeting, saw equity markets show possible exhaustion in the pullbacks of the past 4 weeks.

Elsewhere look for Gold to continue its bull run higher while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index continues pullback in the consolidation zone while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation in the uptrend while Emerging Markets chop sideways in consolidation.

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

Costco, Ticker: $COST

Costco, $COST, comes into the week breaking short term resistance. It has an RSI rising into the bullish zone with the MACD crossed up and heading toward positive. Look for continuation to participate…..

WW Grainger, Ticker: $GWW

WW Grainger, $GWW, 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…..

Hartford Financial Services, Ticker: $HIG

Hartford Financial Services, $HIG, comes into the week rising off the 20 day SMA. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

RTX, Ticker: $RTX

RTX, $RTX, comes into the week moving up toward resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance 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 the first week of August in the books, sees equity markets showing resilience with a rebound from an ugly start induced by growing narrative of recessionary fears.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a narrowing range. The US Dollar Index continues to drift in broad consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term trend lower while Emerging Markets consolidate under long term resistance.

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

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week in a pullback. It has a RSI in the bearish zone with the MACD negative. Look for continuation to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance after printing an all-time high. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Illinois Tool Works, Ticker: $ITW

Illinois Tool Works, $ITW, at resistance after printing an all-time high. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, 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…..

RTX, Ticker: $RTX

RTX, $RTX, comes into the week pushing over resistance. It has a RSI in the bullish zone with the MACD crossed up 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 the March Quadruple Witching in the books and heading into the March FOMC meeting, saw equity markets showing some weakness after the long run higher.

Elsewhere look for Gold to continue its uptrend while Crude Oil shows short term strength. The US Dollar Index continues in consolidation while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets consolidate.

RTX Corporation, $RTX, comes into the week in a short consolidation after breaking resistance. It has Bollinger Bands® shifting higher to allow a move up. The RSI is in the bullish zone with the MACD positive and turning higher. There is resistance at 84.50 and 86.50 then 88 and 92 before 95.50 and a gap to fill to 96.50. Support lower comes at 83.50 and 82. Short interest is moderate at 4.8%. The stock pays a dividend with an annual yield of 2.80% and has traded ex-dividend since November 16th. 

The company is expected to report earnings next on January 22nd. The January options chain shows the biggest open interest at the 90 and then 75 put strikes with size at 85, 81 and 80 as well. on the call side it is biggest at 80 and 90. In the January 26 Expiry open interest is lighter but biggest at 84 on the put side and 88 on the call side. The February chain shows open interest build from 85 to a peak at 75 then tail to 65 on the put side. The call side has large open interest from 80 to 95, largest at 95.

RTX Corporation, Ticker: $RTX

Trade Idea 1: Buy the stock on a move over 84.50 with a stop at 81.50.

Trade Idea 2: Buy the stock on a move over 84.50 and add a January 26 Expiry 84/80 Put Spread ($1.40) while selling the January 26 Expiry 88 Call (88 cents).

Trade Idea 3: Buy the February 85/January 26 Expiry 88 Call Diagonal ($1.85) while selling the January 26 Expiry 80 Put (68 cents).

Trade Idea 4: Buy the February 80/85/90 Call Spread Risk Reversal (75 cents).

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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.