5 Trade Ideas for Monday: Dollar Tree, F5, Intercontinental Exchange, Jabil and Visa
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Dollar Tree, Ticker: $DLTR
Dollar Tree, $DLTR, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for continuation to participate…..
F5, Ticker: $FFIV
F5, $FFIV, comes into the week breaking resistance. It has a RSI rising toward the bullish zone with the MACD crossed up but negative. Look for continuation to participate…..
Intercontinental Exchange, Ticker: $ICE
Intercontinental Exchange, $ICE, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..
Jabil, Ticker: $JBL
Jabil, $JBL, comes into the week at resistance. It has a RSI rising at the midline with the MACD crossed up. Look for a push over resistance to participate…..
Visa, Ticker: $V
Visa, $V, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..
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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 May options expiration week, saw equity markets stalled and chopped around in narrow ranges.
Elsewhere look for Gold to consolidate in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues in consolidation with perhaps a drift to the upside while US Treasuries consolidate in the bounce. The Shanghai Composite looks to continue in consolidation as well while Emerging Markets consolidate too.
The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts are mixed though with the SPY in consolidation at the February high on both timeframes while the IWM consolidates just over support. The QQQ, however, looks strong on both timeframes chugging higher. Use this information as you prepare for the coming week and trad’em well.















