5 Trade Ideas for Monday: Analog Devices, AGCO, JD, LPL and Voya
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Analog Devices, Ticker: $ADI
Analog Devices, $ADI, rose out of a double bottom in January, meeting resistance at the end of April. It pulled back to the 200 day SMA from there before reversing back to resistance. After a shallow pullback it is moving back to resistance again. Look for a new high to participate…..
AGCO, Ticker: $AGCO
AGCO, $AGCO, started higher in December, confirming a double bottom in early January. It continued higher until meeting resistance at the beginning of May and pulling back. It started higher again in June, stalling at a higher high and pulling back into July. Friday saw it start back higher with the RSI rising in the bullish zone and the MACD positive and moving higher. Look for a push over resistance to participate…..
JD.com, Ticker: $JD
JD.com, $JD, rounded out of a downtrend and started higher in January. It met resistance at the start of April and pulled back to the 200 day SMA where it found support. it reversed from there and is now testing resistance. The RSI is rising in the bullish zone with the MACD avoiding a cross down. Look for a push through resistance to participate…..
LPL Financial, Ticker: $LPLA
LPL Financial, $LPLA, took two steps up off of a year-end low to the current resistance level. 3 weeks ago it retested the gap up from early May and held, leading to the current run higher. The RSI is rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..
Voya Financial, Ticker: $VOYA
Voya Financial, $VOYA, started higher in December and continued to a top in April. It pulled back slightly from there and nearly touched the 100 day SMA when it bounced. Now it has made a higher high and is in consolidation. The RSI is holding in the bullish zone with the MACD flat but positive. Look for a break 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 July Options Expiration sees the equity markets gaining strength with the SPY and QQQ strong and at record highs.
Elsewhere look for Gold to continue to pause in its uptrend while Crude Oil advances higher. The US Dollar Index continues to move sideways in a broad range while US Treasuries pullback in their uptrend. The Shanghai Composite looks to have reversed lower while Emerging Markets may be pausing or shifting to consolidation.
Volatility looks to remain very low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ are playing along with record highs and showing strength. The IWM, while not showing weakness, remains stuck in the range it has been in since February. Use this information as you prepare for the coming week and trad’em well.









