Top Trade Ideas For The Week Of June 10, 2013: The Rest

Here are the Rest of the Top 10:

AmSurg, Ticker: AMSG



AmSurg (AMSG), is moving to the top of a bull flag. It has support for a break higher from a rising and bullish Relative Strength Index (RSI) that never went bearish during the down move, and a Moving Average Convergence Divergence indicator (MACD) that is improving on the histogram and leveling on the signal line.

Computer Sciences, Ticker: CSC


Computer Sciences (CSC), bucked the trend, moving higher during the broad market pullback. Now over the 50 and 100 day Simple Moving Averages (SMA), it hassupport for continued upward price action from a rising and bullish RSI, and a MACD that is also rising.

Eaton, Ticker: ETN



Eaton (ETN), pulled back to retest the break out level from May last week. It held with a Hammer reversal candle and moved higher Friday. it has support for more upside from a rising RSI and a MACD that is improving on the histogram, and stalling the decline on the signal line.

KeyCorp, Ticker: KEY



KeyCorp (KEY), held up well in the market downturn, building a channel between 10.45 and 10.95. As it heads to the top of the channel it has support for more upside from a rising and bullish RSI, and a MACD that is turning back higher.

Swift Transportation, Ticker: SWFT


Swift Transportation, SWFT, reversed the rolling lower on Friday and made a new closing high in the bull flag.

The RSI is moving higher in bullish territory with a MACD that is also turning up.

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 Saturday which, heading into next week sees the markets looking to be in a better mood. Look for Gold to continue to consolidate or move lower, while Crude Oil continues to rise. The U.S. Dollar Index and Treasuries are biased lower and looking ugly. The Shanghai Composite and Emerging Markets are biased to the downside as well. Volatility looks to remain subdued, keeping the bias lower for the equity index ETF’s SPY, IWM and QQQ. Any move lower could trigger a strong equity buy signal. The Equity Index ETF’s themselves are poised to continue their trends higher with the QQQ the strongest, followed by the IWM and then the SPY. Use this information as you prepare for the coming week and trad’em well.

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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