5 Trade Ideas for Monday: Abbott Labs, Broadcom, GE Aerospace, Nike and RTX
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Abbott Laboratories, $ABT, comes into the week at resistance. It has a RSI rising and the MACD curling to cross up. Look for a push over resistance to participate….
Broadcom, $AVGO, comes into the week at resistance. It has a RSI is the bullish zone with the MACD flat and positive. Look for a push over resistance to participate….
GE Aerospace, $GE, comes into the week at resistance. It has a RSI is the bullish zone with the MACD positive. Look for a push over resistance to participate….
Nike, $NKE, 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….
RTX, $RTX, 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….
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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 peak of earnings season and the FOMC meeting, saw equity markets continuing to show strength, making new highs.
Elsewhere, looked for Gold to continue to consolidate in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues short term move to the downside at 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to move up to test the top of the broad consolidation area while Emerging Markets continue their short term uptrend.
The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ continue to point to more strength on both timeframes as they continue to print new all-time highs. The IWM continues to make slower progress in its move higher. Use this information as you prepare for the coming week and trad’em well.













