- Posted by Greg Harmon on March 9th, 2014 at 4:49 pm
Here are the Rest of the Top 10:
Cullen/Frost Bankers, Ticker: $CFR
Cullen/Frost Bankers, $CFR, reached prior resistance Friday. The move higher seems to be carrying some momentum as the Relative Strength Index (RSI) and MACD are also rising, supporting more upside.
Diamond Offshore Drilling, Ticker: $DO
Diamond Offshore Drilling, $DO, had been collapsing since July before finding a bottom to start February. The higher low last week makes it attractive as it reaches prior resistance.
Emerson Electric, Ticker: $EMR
Emerson Electric, $EMR, has made a series of higher lows as it reaches resistance again. a positive sign with support from the rising RSI and MACD.
Stericycle, Ticker: $SRCL
Stericycle, $SRCL, blew through the confluence of Simple Moving Averages (SMA) last week. It has support for more upside from the rising RSI and MACD.
TearLab, Ticker: $TEAR
TearLab, $TEAR, is consolidating under the 50 day SMA and perhaps starting to break higher. It also has support for more upside from the rising RSI and MACD. With 22% short interest it could also benefit from a short squeeze.
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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 next week sees the equity markets looking positive. Elsewhere look for Gold to consolidate with an upward bias while Crude Oil remains on the short term upward path. The US Dollar Index looks weak and ready to move lower while US Treasuries are also biased lower in their consolidation zone. The Shanghai Composite and Emerging Markets are set up to continue their consolidations from this week with Emerging Markets holding an upward bias. Volatility looks to remain subdued keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts favor the upside as well, fairly strongly in the SPY and IWM and less so in the QQQ, with all at risk for a very short term intra-week pullback. Use this information as you prepare for the coming week and trad’em well.
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Top Clicks on Dragonfly Capital this Week
Posted by Greg Harmon on March 9th, 2014 at 3:18 pm
Bears, Putin and Know-It-Alls Stocks and Bonds Rising Together, Its OK Your Second Chance in Natural Gas Is Here Get my book, Trading Options: Using […]
SPY Trends and Influencers March 8, 2014
Posted by Greg Harmon on March 8th, 2014 at 9:02 am
A weekly excerpt from the Macro Review analysis sent to subscribers on 10 markets and two timeframes. Last week’s review of the macro market indicators […]
Cleveland’s Best Linkfest!
Posted by Greg Harmon on March 8th, 2014 at 8:32 am
Charts/Markets/Business/Economy You Might Not See Otherwise ‘Dirty dozen’ stocks miss rally from March ’09 low USAToday Ford to relocate truck production from Mexico to Avon […]
Top Down Options Trading, Risk Management, and Collars
Posted by Greg Harmon on March 7th, 2014 at 2:01 pm
Here is a quick chat I had with Rob Booker while in New York a couple weeks back talking about using top down technical analysis […]
Time to Sell Corn?
Posted by Greg Harmon on March 7th, 2014 at 7:57 am
Corn has been the hot commodity lately. I have talked about it a couple times over the last few months (links below) and been bullish […]
Long Term Pick of the Week: Bridges, Iron and Voodoo
Posted by Greg Harmon on March 6th, 2014 at 4:55 pm
Tonight’s long term pick goes to Chicago Bridge & Iron, $CBI. This company has had a a long run higher from the 2009 low, but […]
Your Second Chance in Natural Gas Is Here
Posted by Greg Harmon on March 6th, 2014 at 7:53 am
The Third Pitch From OpenTable
Posted by Greg Harmon on March 5th, 2014 at 4:56 pm
Spring training is underway and we are just a few weeks from opening day. You could not imagine it if you saw all the snow […]
Prepare for The Euro Breakout
Posted by Greg Harmon on March 5th, 2014 at 7:58 am
The Euro has been struggling in a range for some time. From the daily chart below of the Currency Shares Euro Trust, $FXE, the price […]
Gregory W. Harmon CMT, CFA, has traded in the Securities markets since 1986. He has held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)
Dragonfly Capital Updates
- Top Trade Ideas for the Week of March 10, 2014: The Rest
- Top Clicks on Dragonfly Capital this Week
- Top Trade Ideas for the Week of March 10, 2014: The Rest Premium
- Top Trade Ideas for the Week of March 10, 2014: The Best
- SPY Trends and Influencers March 8, 2014
- Cleveland’s Best Linkfest!
- Macro Week in Review/Preview March 7, 2014
- Top Down Options Trading, Risk Management, and Collars
- Time to Sell Corn?
- Long Term Pick of the Week: Bridges, Iron and Voodoo