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

BP, $BP, comes into the week breaking above short term resistance. It has a RSI on the cusp of the bullish zone with the MACD positive. Look for continuation to participate…

CME Group, $CME, 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…

CVS Health, $CVS, comes into the week pushing up through resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Monster Beverage, $MNST, 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…

Atlassian, $TEAM, comes into the week moving up off a pullback. It has a RSI rising in the bearish zone with the MACD curling 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 heading into next week’s FOMC meeting, saw equity markets show resilience snapping back after a news driven sell off to start the week.

Elsewhere, look for Gold to continue the uptrend in pursuit of $5000/oz while Crude Oil drifts in the consolidation range. The US Dollar Index is shifting to the downside continue to hold at 3½ month lows in consolidation and looking better lower. The Shanghai Composite looks ready to continue the uptrend at 10½ year highs while Emerging Markets continue to make new all-time highs in their uptrend.

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

Fiserv, Ticker: $FISV

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

Moderna, Ticker: $MRNA

Moderna, $MRNA, 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…..

Shopify, Ticker: $SHOP

Shopify, $SHOP, comes into the week breaking over the November high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Atlassian, Ticker: $TEAM

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

Walmart, Ticker: $WMT

Walmart, $WMT, comes into the week at resistance. It has a RSI in the bullish zone and a 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. This week’s list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with less than 1 month left in the year, saw equity markets continue to show strength, but not quite enough to declare an end to the bear market yet.

Elsewhere look for Gold to continue its short term rise while Crude Oil consolidates in a broad range. The US Dollar Index continues to trend to the downside while US Treasuries continue their short term uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets also improve.

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

Arch Capital, Ticker: $ACGL

Arch Capital, $ACGL, moved into consolidation last week. It ended the week at the top of the zone with the RSI rising into overbought territory and the MACD flat and positive. Look for a push over resistance to participate…..

Albemarle, Ticker: $ALB

Albemarle, $ALB, ended last week bouncing higher after a pullback. It has a RSI reversing higher with the MACD pulling back but positive. Look for continuation to participate…..

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, ended last week breaking a short term consolidation to the upside. It has a RSI rising in the bullish zone and a MACD positive and climbing. Look for continuation to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, ended last week rising up to resistance. It has a RSI rising in the bullish zone and a MACD crossing up and positive. Look for a push over resistance to participate…..

Atlassian, Ticker: $TEAM

Atlassian, $TEAM, ended last week breaking through resistance. It has a RSI that has reset lower in overbought territory with the MACD level after a pullback. 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 August monthly options expiration in the books, saw equity markets tackling their 4th monthly expiration week dip and ending the week moving back up.

Elsewhere look for Gold to continue to consolidate while Crude Oil pulls back. The US Dollar Index continues to move to the upside while US Treasuries also work in an uptrend. The Shanghai Composite looks to pullback in consolidation while Emerging Markets trend lower.

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

Chemed, Ticker: $CHE

Chemed, CHE, paused in April after rising from March low. It consolidated until driving to a new higher high in May. It could not hold up though and fell back into consolidation. That continued until it broke higher Thursday. The RSI is rising into the bullish zone with the MACD lifting off of zero. Look for continuation to participate…..

Cabot Oil & Gas, Ticker: $COG

Cabot Oil & Gas, $COG, rose to a top in April and then fell back. It bounced at the 50 day SMA and retested the high in June. That led to the drop below the 200 day SMA. It ended last week moving back higher though with the RSI rising and the MACD turning. Look for continuation to participate…..

CrowdStrike, Ticker: $CRWD

CrowdStrike, $CRWD, started higher in March and continued to a top in June. After a slight pullback it ended last week back at resistance. The RSI is rising in the bullish zone with the MACD turning to cross up and positive. Look for a push over resistance to participate…..

Canadian Solar, Ticker: $CSIQ

Canadian Solar, $CSIQ, started higher in March and closed the gap in May. It has stalled since, ending last week at resistance for the 3rd time. The RSI is rising in the bullish zone with the MACD moving higher and positive. Look for a push over resistance to participate…..

Atlassian, Ticker: $TEAM

Atlassian, $TEAM, started higher in March and reached a top in May. it has consolidated under resistance there since. The RSI is rising into the bullish zone with the MACD rising and positive. Look for a push over resistance yo 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 first half of the year in the books, saw equity markets showed renewed strength into the holiday weekend.

Elsewhere look for Gold to continue higher while Crude Oil joins in a move to the upside. The US Dollar Index continues to drift lower in consolidation while US Treasuries consolidate. The Shanghai Composite looks to continue to the upside while Emerging Markets also move higher.

Atlassian, $TEAM, has had a strong march higher from a low at the 200 day SMA in the fall of 2018. It had a few pauses along the way and then topped in August this year. The September pullback, the deepest, found support and reversed just shy of a 38.2% retracement. It is now back at the bottom of the consolidation area from the top and 50 day SMA. 

The RSI is rising towards the bullish zone with the MACD crossed up and running towards positive. There is resistance at 139 and 144.50 then 146.85 and 150.25. Support lower comes at 135.50 and 131.35 followed by 128.35 and 126. The company is expected to report earnings next on October 16th. 

The September 27 options chain shows the biggest open interest at the 130 put strike and then the 144 calls. The October options, covering the earnings report, show the biggest open interest at the 125 put and then the 150 call. There is good size at the 130 put and 140 call as well. November open interest is biggest at the 130 put.

Atlassian, Ticker: $TEAM

Trade Idea 1: Buy the stock on a move over 139 with a stop at 135.

Trade Idea 2: Buy the stock on a move over 139 and add an October 135/125 Put Spread ($3.85) while selling the October 150 Call ($2.35).

Trade Idea 3: Buy the October 125/140/145 Call Spread Risk Reversal for a 40 cent credit.

Trade Idea 4: Buy the October/November 150 Call Calendar ($2.55) and sell the October 125 Put ($2.85).

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 September FOMC and Quadruple Witching behind, saw equity markets held up well until more trade issues hit Friday. Even so, the declines were minor as the index ETF’s hold near their all-time highs.

Elsewhere look for Gold to stall at 1500 while Crude Oil consolidates. The US Dollar Index is still drifting to the upside while US Treasuries bounced in their downtrend. The Shanghai Composite is consolidating the short term move higher with Emerging Markets stalling in their short term rise.

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

ACADIA Pharma, Ticker: $ACAD

ACADIA Pharma, $ACAD, started higher in December and met resistance into April. It pulled back slightly and has consolidated there since. Friday saw it try to push over resistance with the RI rising to the bullish zone and the MACD positive and moving higher. Look for a push over resistance to participate…..

Franklin Resources, Ticker: $BEN

Franklin Resources, $BEN, finally broke out of a broad consolidation when it made a higher high in April. The pullback from there found support at the 200 day SMA and it reversed back higher. It is now approaching the April high with the RSI rising in the bullish zone and then MACD positive and moving higher. Look for a push over the April high to participate…..

Graphic Packaging, Ticker: $GPK

Graphic Packaging, $GPK, cleared a double bottom in February and then shifted to a sideways consolidation. In April it broke that to the upside and gapped up to find resistance in May. After a pullback to the 200 day SMA it reversed and ran to a higher high into June. Another pullback, to a higher low, and it reversed again. It sits at the prior high with the RSI rising in the bullish zone and the MACD crossed up and rising. Look for a new high to participate…..

Atlassian, Ticker: $TEAM

Atlassian, $TEAM, has been moving higher since October. There have been a couple of pauses and pullbacks along the way and it is consolidating in one now. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push up out of consolidation to participate…..

Western Union, Ticker: $WU

Western Union, $WU, started higher in December and paused as it moved into February. The price held over the 50 day SMA on a pullback and then started higher in March. It flattened out again in April and continued sideways until the beginning of June. It rose and found resistance again then pulled back to the 50 day SMA. A reversal sees it back at the prior high with the RSI rising in the bullish zone and the MACD crossed up and rising. 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 heading into the heat of summer and earnings season, sees the equity markets are a bit mixed but all strong on the shorter timeframe.

Elsewhere look for Gold to pause in its uptrend, holding around 1400, while Crude Oil pauses in the pullback. The US Dollar Index looks to reverse higher in consolidation while US Treasuries pullback in their uptrend. The Shanghai Composite looks to continue the messy uptrend while Emerging Markets stall in their move higher.

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

Glu Mobile, Ticker: $GLUU

Glu Mobile, $GLUU, started higher out of consolidation in April. It pulled back from atop in June to the 100 day SMA and bounced. Then it made a higher high in August before a second pullback, this one through the 100 day SMA but to a higher low. Another move higher and it is bouncing off of resistance in consolidation. The RSI is rising into the bullish zone with the MACD positive and crossing up. Look for a push through to participate higher…..

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, moved higher along trend support from February until it broke it to the downside this month. That break found support and reversed last week, and is now back at the trend line. The RSI is bouncing but in the bearish zone with the MACD turning up. Look for continuation to participate higher…..

Sealed Air, Ticker: $SEE

Sealed Air, $SEE, moved lower out of consolidation in August. It bounced and tested the 100 day SMA in September and then dropped to a a new low at the end of October. The bounce from there made a lower high and it pulled back into December. This time it found a higher low and it has been consolidating since. The RSI is knocking on the mid lien with the MACD about to cross up. Look for a break of resistance to participate…..

Atlassian, Ticker: $TEAM

Atlassian, $TEAM, peaked at the end of September and pulled back to the 200 day SMA. it bounced and then broke the 200 day SMA before a move higher at the end of November. The pull back from there found support at a higher low and it reversed. Sitting at the November high, the RSI is rising into the bullish zone with the MACD crossed up. Look for a move over resistance to participate…..

Winnebago, Ticker: $WGO

Winnebago, $WGO, started lower from a June spike and continued into the middle of December. It bounced from there, stalling at the 20 day SMA and consolidated. It ended last wee drifting up to that resistance again. The RSI is pushing above the mid line with the MACD rising. Look for a push over 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 one trading day left in the year sees equity markets putting in a strong case for a reversal this week. They are still a long way from confirming a bottom though and not just a bear flag build.

Elsewhere look for Gold to continue in its uptrend while Crude Oil may possibly pause in the downtrend. The US Dollar Index continues to consolidate sideways while US Treasuries pause in their uptrend. The Shanghai Composite and Emerging Markets continue to show an easier path to the downside.