dragonflycap

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4 Trade Ideas for AbbVie: Bonus Idea

Here is your Bonus Idea with links to the full Top Ten:

AbbVie, $ABBV, comes into the week approaching resistance. It has a RSI on the cusp of a move into the bullish zone with the MACD flat and positive. There is resistance at 198.75 and 201.75 then 206 and 210.50 before 214.75 and 217. Support lower is at 195.25 and 191.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 3.36% and has traded ex-dividend since July 15th.

The company is expected to report earnings next on October 28th. The August options chain has biggest open interest at the 190 then 195 and 175 strikes on the put side and at 200 and 210 on the call side. The September chain has biggest open interest at the 175 put and builds from 180 to a peak at 220 on the call side. In the October chain action is just getting started and open interest is biggest at the 160 put and the 220 call. Finally, in the November chain, open interest is biggest at the 170 put strike and the 210 call strike.

Trade Idea 1: Buy the stock on a move over 199 with a stop at 191.

Trade Idea 2: Buy the stock on a move over 199 and add a September 195/190 Put Spread ($2.05) while selling the November 220 Call ($2.05).

Trade Idea 3: Buy the September/October 210 Call Calendar ($1.55) while selling the September 175 Put ($1.25).

Trade Idea 4: Buy the November 180/200/220 Call Spread Risk Reversal ($2.80).

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 another big week in earnings season, saw equity markets looking rattled following a 2 day move lower.

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

The Volatility Index looks to continue to rise just above normal levels making life more difficult for equity markets to the upside and threatening a pullback. The charts of the SPY and QQQ are breaking their short term moving averages for the first time since late April and look ripe for more downside. The IWM is slightly weaker as it drops below its 50 day SMA. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: BorgWarner, CBOE, Costco, Envista and Oshkosh

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

BorgWarner, $BWA, comes into the week breaking to a new 14 month high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Cboe Global Markets, $CBOE, 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…

Costco, $COST, comes into the week rounding out of a pullback. It has a RSI rising at the midline with the MACD crossed up. Look for continuation to participate…

Envista, $NVST, 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…

Oshkosh, $OSK, 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…

Up Next: Bonus Idea                                                                                        

The Best

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 another big week in earnings season, saw equity markets looking rattled following a 2 day move lower.

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

The Volatility Index looks to continue to rise just above normal levels making life more difficult for equity markets to the upside and threatening a pullback. The charts of the SPY and QQQ are breaking their short term moving averages for the first time since late April and look ripe for more downside. The IWM is slightly weaker as it drops below its 50 day SMA. Use this information as you prepare for the coming week and trad’em well.

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What to expect from the stock market this week

Last week, the review of the macro market indicators saw heading into the peak of earnings season and the FOMC meeting, equity markets continued to show strength, making new highs. Elsewhere, looked for Gold ($GLD) to continue to consolidate in its uptrend while Crude Oil ($USO) drifted in consolidation. The US Dollar Index ($DXY) continued a short term move to the downside at 3 year lows while US Treasuries ($TLT) consolidated in their downtrend.

The Shanghai Composite ($ASHR) looked to move up to test the top of the broad consolidation area while Emerging Markets ($EEM) continued their short term uptrend. The Volatility Index ($VIX) looked to continue in the normal range making life easier for equity markets to the upside. The charts of the $SPY and $QQQ continued to point to more strength on both timeframes as they continued to print new all-time highs. The $IWM continued to make slower progress in its move higher.

The week played out with Gold seeing some downward pressure in consolidating until a strong drive higher Friday to recover while Crude Oil moved higher early then settled. The US Dollar ran to a 5 month high before a big sell off to end the week while Treasuries moved higher all week. The Shanghai Composite ran sideways until a drop Friday while Emerging Markets ran lower all week threatening the trend higher.

Volatility ticked up early in the week and the accelerated Thursday and Friday following the FOMC meeting and a weak employment report. This led to equities treading water early in the week but then dropping fast Thursday and Friday. This resulted in the SPY and the QQQ breaking their short term moving averages for the first time since late April and raising chatter of a pullback. The IWM also dropped below a key moving average for the first time since May. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week at an all-time high. It probed higher Monday and again Tuesday but could not hold up. Wednesday saw a move lower followed by another probe to an intraday high Thursday that failed and closed lower. Friday then saw a gap down and run lower to make it 5 down days in a row. Quite the contrast to last week’s 5 record high closes. It is now below the 20 day SMA for the first time in over a month. The RSI is dropping through the midline in the bullish zone with the MACD falling and positive.

The weekly chart shows a near Marubozu bearish engulfing candle on the week. Price is fairly extended from the 20 week SMA, so not too unusual. The RSI is rolling over at a lower high in the bullish zone with the MACD positive and leveling. There is support lower at 620 and 615 followed by 613 and 609 then 604 and 600. There is resistance higher at 624 and 626 then 629 and 638. Uptrend.

Heading into another big week in earnings season, equity markets look rattled following a 2 day move lower. Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues the intermediate term move to the downside near 3 year lows while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to consolidate the move to the top of the broad consolidation area while Emerging Markets see their short term uptrend threatened.

The Volatility Index looks to continue to rise just above normal levels making life more difficult for equity markets to the upside and threatening a pullback. The charts of the SPY and QQQ are breaking their short term moving averages for the first time since late April and look ripe for more downside. The IWM is slightly weaker as it drops below its 50 day SMA. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview August 1, 2025

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4 Trade Ideas for the CME Group: Bonus Idea

CME Group, $CME, comes into the week approaching resistance in consolidation. The Bollinger Bands® have squeezed in, often a precursor to a move. The RSI is rising in the bullish zone with the MACD positive and moving higher. There is resistance at 282.50 and 285.50 then 290.80. Support lower is at 278.25 and 274. Short interest is low at 1.3%. The stock pays a dividend with an annual yield of 1.79%.

The company is expected to report earnings next on October 21st. The August options chain has biggest open interest at the 250 strike on the put side and the 290 strike on the call side. In the September chain it is biggest at the 260 put and 280 call. The October chain is just getting started and has low open interest. Finally, in the November chain, open interest is biggest at the 250 put and the 310 call strikes.

Trade Idea 1: Buy the stock on a move over 282.50 with a stop at 272.50.

Trade Idea 2: Buy the stock on a move over 282.50 and add a September 270/260 Put Spread ($3.55) while selling the October 300 Calls ($2.90).

Trade Idea 3: Buy the September/October 290 Call Calendar ($3.90) while selling the September 260 Put ($1.85).

Trade Idea 4: Buy the November 260/290/310 Call Spread Risk Reversal ($4.60).

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.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ continue to point to more strength on both timeframes as they continue to print new all-time highs. The IWM continues to make slower progress in its move higher. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Abbott Labs, Broadcom, GE Aerospace, Nike and RTX

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.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ continue to point to more strength on both timeframes as they continue to print new all-time highs. The IWM continues to make slower progress in its move higher. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw heading into the second week of earnings season, equity markets continued to show strength, holding and making new highs. Elsewhere, looked for Gold ($GLD) to continue to consolidate in its uptrend while Crude Oil ($USO) drifted in consolidation. The US Dollar Index ($DXY) continued a short term move to the downside at 3 year lows while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to consolidate the mini break higher while Emerging Markets ($EEM) continued their break to the upside.

The Volatility Index ($VXX) looked to continue in the normal range making life easier for equity markets to the upside. The charts of the $SPY and $QQQ were showing strength on both timeframes as they continued to print new all-time highs. The $IWM continued to lag the moves in the SPY and QQQ in price but was looking stronger as it moved higher as well.

The week played out with Gold bumping up to the top of the consolidation range before reversing while Crude Oil dropped toward support. The US Dollar found very short term support at the end of the week while Treasuries caught a bid early but stalled. The Shanghai Composite continued the break out higher while Emerging Markets made a new 3½ year high before profit taking at the end of the week.

The Volatility Index fell to a 5 month low, fueling the equity markets to new all-time highs. This resulted in the SPY printing a new all-time high every day of the week and the QQQ adding 2 all-time highs as well. Even the IWM saw some love printing a 5 month high before end of week profit taking. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week just off the Thursday all-time high. It moved higher Monday setting a new all-time high and then followed that up with 4 more all-time high closes for a clean sweep on the week. The RSI is making a higher high in overbought territory in the bullish zone with the MACD flat and positive.

The weekly chart shows a strong move up following a small body positive candle last week, with the Bollinger Bands® open higher. The RSI is rising in the bullish zone with the MACD positive and rising. There is support lower at 629 and 626 followed by 624 and 620 then 615 and 613. There is no resistance higher with the 238.2% extension of the retracement of the 2022 move lower at 662 above. Uptrend.

Heading into the peak of earnings season and the FOMC meeting, equity markets continued to show strength, making new highs. Elsewhere, look 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.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ continue to point to more strength on both timeframes as they continue to print new all-time highs. The IWM continues to make slower progress in its move higher. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview July 25, 2025

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4 Trade Ideas for Wells Fargo: Bonus Idea

Wells Fargo, $WFC, comes into the week pressing against resistance and the 20 day SMA after a shallow pullback from an all-time high. The Bollinger Bands® have squeezed, often a precursor to a big move. The RSI is rising in the bullish zone with the MACD leveling after a reset lower in positive territory. There is resistance at 80.75 and 81.50 then 84. Support lower is at 78.50 and 77.75 then 76.50. Short interest is low at 1.1%. The stock pays a dividend with an annual yield of 1.98% and has traded ex-dividend since May 9th.

The company is expected to report earnings next on October 14th. The August options chain shows biggest open interest at the 80 then 75 and 72.50 put strikes and at the 80 then 85 call strikes. In the September chain open interest is biggest at the 75 put and builds from the 80 strike to a peak at the 90 strike on the call side. Finally, the October chain has biggest open interest at the 80 and 65 put strikes, and it is biggest at the 85 call strike.

Trade Idea 1: Buy the stock on a move over 80.75 with a stop at 78.

Trade Idea 2: Buy the stock on a move over 80.75 and add an August 80/75 Put Spread ($1.30) while selling the October 90 Call (95 cents).

Trade Idea 3: Buy the August/September 85 Call Calendar (88 cents) while selling the September 75 Put ($1.04).

Trade Idea 4: Buy the October 72.50/82.50/87.50 Call Spread Risk Reversal (60 cents).

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 second week of earnings season, saw equity markets continued to show strength, holding and making new highs.

Elsewhere, look 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 consolidate the mini break higher while Emerging Markets continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the moves in the SPY and QQQ in price but is looking stronger as it moves higher as well. Use this information as you prepare for the coming week and trad’em well

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5 Trade Ideas for Monday: Airbnb, Expedia, Generac, LPL Financial and United Airlines

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

Airbnb, $ABNB, 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…

Expedia, $EXPE, 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…

Generac, $GNRC, comes into the week pressing on resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

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

United Airlines, $UAL, comes into the week pressing on resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Up Next: Bonus Idea                                                                                        

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 second week of earnings season, saw equity markets continued to show strength, holding and making new highs.

Elsewhere, look 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 consolidate the mini break higher while Emerging Markets continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the moves in the SPY and QQQ in price but is looking stronger as it moves higher as well. Use this information as you prepare for the coming week and trad’em well

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw heading into earnings season and the July options expiration week, equity markets exhibited continued strength holding at the highs. Elsewhere, looked for Gold ($GLD) to continue to consolidate in its uptrend while Crude Oil ($USO) drifted up in consolidation. The US Dollar Index ($DXY) continued to drift higher, in the short term move to the downside at more than 3 year lows while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue the move higher in consolidation while Emerging Markets ($EEM) continued their break to the upside.

The Volatility Index ($VXX) looked to continue in the normal range making life easier for equity markets to the upside. The charts of the $SPY and $QQQ were showing strength on both timeframes as they continued to print new all-time highs. The $IWM continued to lag the SPY and QQQ in recovery in price but was looking stronger as it moved higher as well. The classic “V” recovery continued to build in all 3 Index ETFs.

The week played out with Gold continuing the consolidating movement in a tight range between support and resistance while Crude Oil was smacked lower at resistance before an end of week bounce. The US Dollar met resistance at what would be another lower high while Treasuries found support at the bottom of the consolidation range. The Shanghai Composite consolidated at the break out high until moving higher again Friday while Emerging Markets finally broke the short term range and ran up to a new 3½ year high.

Volatility ticked up Monday but fell back all week to finish littled changed. This gave equities some early trouble but they reversed midweek and rose to new highs Thursday and Friday. This resulted in the SPY printing a new all-time high Thursday and 3 new highs from the QQQ with the IWM holding at 5 month highs. What does this mean for the coming week? Let’s look at some charts.

SPY Daily, $SPY

The SPY came into the week just off the Thursday all-time high. It held Monday and moved sideways most of the week, making a new all-time high Thursday before a drift lower Friday. The RSI is holding near overbought territory in the bullish zone with the MACD flat and positive.

The weekly chart shows a small body positive candle following the doji, with the Bollinger Bands® open higher. The RSI is holding in the bullish zone with the MACD positive and rising. There is support lower at 626 and 624.25 followed by 620 and 615 then 613 and 609. There is resistance above at 628. Uptrend.

SPY Weekly, $SPY

Heading into the second week of earnings season, equity markets continued to show strength, holding and making new highs. Elsewhere, look 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 consolidate the mini break higher while Emerging Markets continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the moves in the SPY and QQQ in price but is looking stronger as it moves higher as well. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview July 18, 2025

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4 Trade Ideas for Merck: Bonus Idea

Merck, $MRK, comes into the week rounding out a bottoming pattern. It has made a series of short term higher highs and higher lows. It has a RSI in the bullish zone with the MACD positive and climbing with the Bollinger Bands® opening higher. There is resistance at 85.25 and 87.50 then 89 and 91.50 before 93.50 and 95.50. Support lower is at 82.25 and 80.50. Short interest is low at 1.4%. The stock pays a dividend with an annual yield of 3.89% and has traded ex-dividend since June 16th.

The company is expected to report earnings next on July 29th. The July options chain shows the biggest open interest at the 75 put strike and the 85 call strike. In the August chain open interest is largest at the 75 put and the 90 call strikes. In the September chain open interest is biggest at the 80 and 60 put strikes and then at the 90 strike on the call side.

Trade Idea 1: Buy the stock on a move over 85.25 with a stop at 82.25.

Trade Idea 2: Buy the stock on a move over 85.25 and add an August 80/75 Put Spread ($1.25) while selling the September 95 Call (91 cents).

Trade Idea 3: Buy the July/August 85 Call Calendar ($2.40) while selling the August 75 Put (67 cents).

Trade Idea 4: Buy the September 75/85/95 Call Spread Risk Reversal ($1.45).

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 earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is looking stronger as it moves higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: AMD, CBOE, Capital One, Illumina and Microsoft

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

Advanced Micro Devices, $AMD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…

Cboe Global, $CBOE, 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…

Capital One Financial, $COF, 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…

Illumina, $ILMN, 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…

Microsoft, $MSFT, comes into the week at short term 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 earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is looking stronger as it moves higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw closing out the 2nd Quarter and heading into the July 4th Holiday, equity markets exhibited renewed strength with strong moves higher. Elsewhere looked for Gold ($GLD) to continue to consolidate in its uptrend while Crude Oil ($USO) drifted up in consolidation. The US Dollar Index ($DXY) continued a short term move to the downside at more than 3 year lows while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue the move higher in consolidation while Emerging Markets ($EEM) continued their break to the upside.

The Volatility Index ($VXX) looked to continue in the normal range making life easier for equity markets to the upside. The charts of the $SPY and $QQQ were showing strength on both timeframes as they continued to print new all-time highs. The $IWM continued to lag the SPY and QQQ in recovery in price but was joining the party racing higher as well. The classic “V” recovery continued to build in all 3 Index ETFs.

The week played out with Gold consolidating over 3300 while Crude Oil met resistance in the move up and dropped late in the week. The US Dollar bounced up over a key moving average in the downtrend while Treasuries continued in consolidation in the long term downtrend. The Shanghai Composite continued higher printing a 3½ year high while Emerging Markets dropped and then held in an extremely narrow range all week.

The Volatility Index continued to hold just above the lows of the year. This allowed equities some range but with little news they drifted higher. This resulted in the SPY and QQQ each printing a new all-time high and the IWM reaching a nearly 5 month high before some profit taking Friday. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week at yet another all-time high. It dropped back Monday to fill the gap and continued lower Tuesday before catching a bid and moving back up and making a new all-time high Thursday. Friday saw a gap down met with buyers all day but not enough to close the gap. The RSI is holding in overbought territory in the bullish zone with the MACD flat and positive.

The weekly chart shows a near doji candle on the week, but with the Bollinger Bands® open higher. The RSI is rising in the bullish zone with the MACD positive and rising. There is support lower at 620 and 615 followed by 613 and 609 then 604 and 600. There is resistance above at 624.25 and 626. Uptrend.

Heading into earnings season and the July options expiration week, equity markets exhibited continued strength holding at the highs. Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is looking stronger as it moves higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview July 11, 2025

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4 Trade Ideas for Amgen: Bonus Idea

Amgen, $AMGN, comes into the week quickly back at resistance after a pullback. The Bollinger Bands® are opening to allow more movement. The RSI is rising in the bullish zone with the MACD crossed up and positive. There is resistance at 298.50 and 304.50 then 311.50 and 319 before 328.50 and 337.50. Support lower is at 295 and 291.50 then 289. Short interest is low at 2.5%. The stock pays a dividend with an annual yield of 3.19% and has traded ex-dividend since May 16th.

The company is expected to report earnings next on August 5th. The July options chain has biggest open interest at the 280 then 290 and 275 put strikes. On the call side it is biggest at 300 the 320 and 290. In the August chain open interest builds from 310 to a peak at 260 on the put side, but is large and focused at 315 on the call side. Finally, the September chain shows open interest spread from 310 to below 250 on the put side and a build from 280 to a peak at 300 then tailing to 340 on the call side.

Trade Idea 1: Buy the stock on a move over 298.50 with a stop at 288.50.

Trade Idea 2: Buy the stock on a move over 298.50 and add a July 290/280 Put Spread ($1.90) while selling the August 325 Call ($2.00).

Trade Idea 3: Buy the July/August 310 Call Calendar ($5.40) and sell the August 275 Put ($3.70).

Trade Idea 4: Buy the September 275/305/325 Call Spread Risk Reversal ($2.40).

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 closing out the 2nd Quarter and heading into the July 4th Holiday, saw equity markets exhibit renewed strength with strong moves higher.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is joining the party racing higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Apple, Ashland, Broadcom, Fiserv and Visa

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

Apple, $AAPL, 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…

Ashland, $ASH, 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…

Broadcom, $AVGO, 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…

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

Visa, $V, comes into the week at resistance. It has a RSI rising off the midline with the MACD crossed up but negative. 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 closing out the 2nd Quarter and heading into the July 4th Holiday, saw equity markets exhibit renewed strength with strong moves higher.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is joining the party racing higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

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What to expect from the stock market this week

Last week, the review of the macro market indicators saw with just 1 trading day left in June and the 2nd Quarter, equity markets showed strength with strong moves higher. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) consolidated after a strong move lower. The US Dollar Index ($DXY) continued a short term move to the downside at more than 3 year lows while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue the move higher in consolidation while Emerging Markets ($EEM) resumed their break to the upside in consolidation.

The Volatility Index ($VXX) looked to continue in the normal range making life easier for equity markets to the upside. The charts of the $SPY and $QQQ showed short term strength on both timeframes. The $IWM continued to lag the SPY and QQQ in recovery in price. The classic “V” recovery continued to build in all 3 Index ETFs as the SPY joined the QQQ making fresh all-time highs.

The week played out with Gold finding support Monday and reversing back into consolidation in the uptrend while Crude Oil rebounded higher out of consolidation. The US Dollar made fresh 3 year lows before settling while Treasuries stalled in the move higher in consolidation. The Shanghai Composite held over support in a new consolidation range while Emerging Markets climbed to 3½ year highs.

The Volatility Index fell back to the February lows. This put a tailwind behind equities and they all moved higher. This resulted in the SPY and QQQ printing a new all-time high to end the week and the IWM settling at a 4½ month high. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week at a new all-time high close. It made another Monday to close out June and then paused. But Wednesday resumed the move higher and it closed the week Thursday with a gap and go move to yet another all-time high. The RSI is rising into overbought territory in the bullish zone with the MACD moving up and positive.

The weekly chart shows a follow up move higher out of consolidation the 200% extension (612) of the retracement of the 2022 drop. The RSI is rising into the bullish zone with the MACD positive and rising. There is support lower at 615 and 613 followed by 609 and 604 then 600 and 593. There is no resistance above Friday’s high. Uptrend.

Closing out the 2nd Quarter and heading into the July 4th Holiday, equity markets exhibited renewed strength with strong moves higher. Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. 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 continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is joining the party racing higher as well. The classic “V” recovery continues to build in all 3 Index ETFs. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview July 3, 2025

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4 Trade Ideas for Salesforce: Bonus Idea

Salesforce, $CRM, comes into the week at resistance. It has the Bollinger Bands® tight, often a precursor to a move, and is coming off a higher low. The RSI is rising through the midline in the bullish zone with the MACD crossed up and about to turn positive. There is resistance at 275 and 279 then 283.50 and 288.50 before 295 and 301. Support lower is at 266 and 258. Short interest is low at 1.5%. The stock pays a dividend with an annual yield of 0.61% and began trading ex-dividend on June 18th.

The company is expected to report earnings next on August 26th. The July options chain shows biggest open interest at the 260 put strike then 250. On the call side it is biggest at 280 then 300 and 270. In the August chain open interest is biggest at the 270 put and then tails to 210. On the call side it is biggest at 300 then 280. Finally, in the September chain open interest is biggest at the 230 put then 270 and 240. The call side sees biggest open interest at the 290 strike.

Trade Idea 1: Buy the stock on a move over 275 with a stop at 265.

Trade Idea 2: Buy the stock on a move over 275 and add a July 270/260 Put Spread ($3.20) while selling the August 300 Call ($2.55).

Trade Idea 3: Buy the July/August 280 Call Calendar ($5.15) while selling the August 260 Put ($5.00).

Trade Idea 4: Buy the September 240/280/300 Call Spread Risk Reversal ($2.60).

The Rest

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 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.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ show short term strength both timeframes. The IWM continues to lag the SPY and QQQ in recovery in price. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY joins the QQQ making a fresh all-time highs. Use this information as you prepare for the coming week and trad’em well.

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5 Trade Ideas for Monday: Aflac, Boeing, Honeywell, Prudential and 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…

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 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.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ show short term strength both timeframes. The IWM continues to lag the SPY and QQQ in recovery in price. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY joins the QQQ making a fresh all-time highs. Use this information as you prepare for the coming week and trad’em well.