Market

Gilead, KBR, NXP Semiconductor and Papa John’s

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

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week at resistance after rounding out a low. The RSI is rising into the bullish zone with the MACD positive. Look for a push over resistance to participate…..

KBR, Ticker: $KBR

KBR, $KBR, comes into the week at an all-time high. The RSI is moving into overbought territory with the MACD positive and rising. Look for continuation to participate…..

NXP Semiconductor, Ticker: $NXPI

NXP Semiconductor, $NXPI, comes into the week moving higher towards the prior top. The RSI is holding in the bullish zone with the MACD positive and flat. Look for continuation to participate…..

Papa John’s, Ticker: $PZZA

Papa John’s, $PZZA, comes into the week moving higher. The RSI is rising in the bullish zone and the MACD is positive and moving higher. 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 the November options expiration in the books, saw equity markets looking mixed with large caps and tech strong but small caps showing weakness.

Elsewhere look for Gold to continue its move higher while Crude Oil pulls back in its uptrend. The US Dollar Index continues to look strong with more upside while US Treasuries consolidate. The Shanghai Composite looks to consolidate as well while Emerging Markets pullback in a bull flag.

The Volatility Index looks to remain low but rising giving equity markets little to worry about. The charts of the SPY and QQQ look strong on both timeframes but especially on the longer timeframe. The IWM however is looking weak and at risk for a breakdown on both timeframes. A reversal early next week could fix that quickly though. Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


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