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

APA, $APA, comes into the week pushing up out of a long downturn. It has a RSI rising in the bearish zone with the MACD negative. Look for a push over resistance to participate…

Crown Castle, $CCI, comes into the week rising from a higher low. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participate…

Costco, $COST, 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…

Huntington Bancshares, $HBAN, comes into the week pressing on resistance. It has a RSI near the midline with the MACD crossed up. Look for a push over resistance to participate…

US Cellular, $USM, comes into the week breaking resistance. It has a RSI at the midline 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 that saw with the April options expiration in the books, equity markets continued to focus on the impact from tariffs and almost nothing else.

Elsewhere look for Gold to continue its record run higher while Crude Oil consolidates in a broad range with a potential reversal higher brewing. The US Dollar Index continues to drift to the downside in a short term downtrend while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets remain in broad consolidation.

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

Antero Resources, $AR, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…

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

Phillips 66, $PSX, comes into the week trying to round out of a pullback. It has a RSI rising from oversold and a MACD curling up but negative. Look for continuation to participate…

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

United States Cellular, $USM, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD curling up and 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 just 2 trading days left in 2024, saw the week show some disappointment in equity markets following a strong rebound early.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to hold at resistance while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.

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

Covanta, Ticker: $CVA

Covanta, $CVA, confirmed a double bottom when it pushed up over the June high in early November. It has continued higher since. The price pushed over short term resistance Friday with the RSI rising in the bullish zone and the MACD flat but positive. Look for continuation to participate…..

Manitowoc, Ticker: $MTW

Manitowoc, $MTW, also confirmed a double bottom on a move over the June high in December. It paused shortly after and then moved up into the current consolidation. The RSI is bullish with the MACD rising and positive. Look for a push up out of consolidation to participate…..

Prudential Financial, Ticker: $PRU

Prudential Financial, $PRU, also had a peak in June. It traded sideways for over 5 months after stalling there though. It moved higher again in November and is starting higher again now. The RSI is rising in the bullish zone with the MACD moving up and positive. Look for continuation to participate…..

Telephone and Data Systems, Ticker: $TDS

Telephone and Data Systems, $TDS, tried to break higher in August but quickly failed. it fell back to a higher low and consolidated until breaking to the upside Friday. The RSI is rising and bullish with the MACD positive and climbing. Look for continuation to participate…..

United States Cellular, Ticker: $USM

United States Cellular, $USM, also pulled back from an August high. It found support in October and has been consolidating in a range. Friday saw it rise to resistance with the RSI rising and bullish and the MACD positive and moving 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 heading into the Martin Luther King weekend and with January Options Expiration in the books, saw equity markets looking a bit tired.

Elsewhere look for Gold to continue its short term pullback while Crude Oil continues to trend higher. The US Dollar Index is trying to bounce in the downtrend while US Treasuries trend lower. The Shanghai Composite looks to continue higher while Emerging Markets meet resistance as they test all-time highs in an 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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EARNING UPDATE $USM United States Cellular Corporation for quarter ending q_Jun18 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on USM [lwa][/s2If][s2If current_user_can(access_s2member_level0)]United States Cellular Corporation reported earnings (EPS) of 0.56 per share for the quarter ending q_Jun18. This is vis-vis 0.52 per share for the previous quarter ending q_Mar18, a growth of 7.7 %. Compared to last year same quarter (q_Jun17),…

Every year I travel with my family to my parents home in Virginia during the Christmas break. It is great to see them and keep the kids in contact with their Grandparents. My mom makes a killer breakfast casserole just for me when I arrive. Well, everyone can eat it, but they all prefer to have an entire box of Cheerios each day for breakfast, so I get the whole thing. It is so good it is one of the highlights of my trip. I might not even go there if she did not make it. Well, probably not true.

I know a lot of people that cannot make that trip back home though. They are left to talk on the phone or text each other. For them the invention of the cell phone and texting is a revolution. It is sad but it also brings to mind a couple of trade ideas.

The stocks of a couple of the small wireless cellular companies are on the cusp of a breakout. What if you could also benefit from the price move in the company stock of the cellular provider you use?

United States Cellular, $USM, is one of those companies. Since June the 39.30 level has played an important role in the stock price. Acting as both support and resistance at some points, it is coming into play for the 4th time. This time it has a rising RSI on the edge of a move into the bullish zone, and the MACD is rising and bullish. Look for a move over 39.30 to send this stock higher.

Vonage, $VG, is another one ready to take off. It consolidated in a bottoming process since late May and is pushing higher now. A pullback to the support/resistance zone between 3.75 and 3.85 might be the last test before a turn higher. The pullback is working off the overbought condition on the RSI while the MACD continues higher. You could try it here against a stop at the bottom of the range or wait for it to start back higher.