5 Trade Ideas for Monday: Fiserv, Moderna, Shopify, Atlassian and Walmart
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Fiserv, Ticker: $FISV
Fiserv, $FISV, comes into the week breaking above resistance. It has a RSI rising in the bullish zone and a MACD positive. Look for continuation to participate…..
Moderna, Ticker: $MRNA
Moderna, $MRNA, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..
Shopify, Ticker: $SHOP
Shopify, $SHOP, comes into the week breaking over the November high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..
Atlassian, Ticker: $TEAM
Atlassian, $TEAM, comes into the week approaching resistance. It has a RSI rising at the midline with the MACD climbing but negative. Look for a push over resistance to participate…..
Walmart, Ticker: $WMT
Walmart, $WMT, comes into the week at resistance. It has a RSI in the bullish zone and a MACD 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. This week’s list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with less than 1 month left in the year, saw equity markets continue to show strength, but not quite enough to declare an end to the bear market yet.
Elsewhere look for Gold to continue its short term rise while Crude Oil consolidates in a broad range. The US Dollar Index continues to trend to the downside while US Treasuries continue their short term uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets also improve.
The Volatility Index looks to continue to the downside in the normal range making the path easier for equity markets to the upside. Their charts also look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and IWM are finding new resistance while the SPY continues the march higher. Use this information as you prepare for the coming week and trad’em well.












