8/26 Best Idea For The Week Ahead

The market was saved again late yesterday closing the week within the trend we’ve been but under the 8 week, but as I noted yesterday, the macd on the weekly chart is flipping negative for the first time in 11 months which isn’t ideal for bulls. At this point we are week to week hugging this trend. Until we pull away or breakdown there isn’t much else to say

This week I have a $135B company that recently made a very powerful move higher and has given alot back with the move the market has made the last few weeks, but now, it looks like it is emerging from a bull flag and could be set for a large move higher. It also pays a near 3% dividend and is one you can just tuck away in your portfolio as a staple of our economy.