Here are the Rest of the Top 10:
Endo Health Solutions Inc (NASDAQ:ENDP)
Endo, had a strong day Friday as it moved up off of consolidation over the 50 day SMA. The RSI turned back higher and the remains in the bullish zone with a MACD that is holding. Look for a turn higher.
Riverbed Technology Inc (NASDAQ:RVBD)
Riverbed Technology rose off of the double bottom in November in a couple of steps higher then consolidated over the last 3 and a half months. It is now moving back up with support from a rising and bullish RSI and MACD.
Royal Bank Of Canada (TO:RY)
Royal Bank of Canada has been and continues to be a favorite, with a new trading opportunity setting up. As it nears resistance the RSI is bullish and rising with the MACD flat after a minor pullback. Friday’s turn higher saw good volume.
JM Smucker Company (NYSE:SJM)
J.M. Smucker made a very long tailed Hammer in February and has been moving higher since. The RSI is slightly into the technically overbought area but running flat with a MACD that is level. The price is moving in a bull flag and may be breaking higher.
SunPower Corporation (NASDAQ:SPWR)
SunPower is moving to resistance after a 3 Advancing White Soldiers pattern. The RSI is bullish and the MACD rising, both supporting more upside.
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 June Options Expiration week the equity markets have shown a preference for some consolidation. For next week look for Gold to bounce higher in its intermediate downtrend while Crude Oil may consolidate or pullback in its uptrend. The US Dollar Index looks to continue to move sideways while US Treasuries consolidate in the uptrend. The Shanghai Composite and Emerging Markets are biased to the upside with risk that the Chinese market just moves sideways. Volatility looks to remain subdued keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts show that the short term downside might continue, but it may be short lived with all biased higher in the intermediate trend. Use this information as you prepare for the coming week and trad’em well.