5 Trade Ideas for Monday: ADP, CBOE, Cigna, Gilead and KBR
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
ADP, $ADP, comes into the week falling back to support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…
CBOE, $CBOE, comes into the week pulling back to support and prior resistance. It has a RSI falling at the midline with the MACD crossing down. Look for a drop through support to participate…
Cigna, $CI, comes into the week at support. It has a RSI falling to the midline with the MACD crossing down. Look for a drop through support to participate…
Gilead Sciences, $GILD, comes into the week falling back to support. It has a RSI dropping near the bearish zone with the MACD dropping toward negative. Look for a fall through support to participate…
KBR, $KBR, comes into the week nearing support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support 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 with the release of the first round of tariffs since 1930, saw equity markets reacted with their worst week (2 days) since March of 2020.
Elsewhere look for Gold to continue to hold over $3000/oz while Crude Oil collapses into a downtrend. The US Dollar Index continues to drift to the downside in consolidation while US Treasuries continue in consolidation. The Shanghai Composite looks to continue to consolidate the short term move higher while Emerging Markets may be entering a new downtrend.
The Volatility Index looks to remain very high making the path easier for equity markets to the downside. Their charts look weak on both timeframes. On the shorter timeframe the gaps the last 2 days may signal short term exhaustion. On the longer timeframe the SPY, the IWM and the QQQ are all in short term downtrends. Use this information as you prepare for the coming week and trad’em well.














