5 Trade Ideas for Monday: Broadcom, CME, Deere, RTX and TJX
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Broadcom, $AVGO, comes into the week approaching resistance and the 200 day SMA. It has a RSI at the midline with the MACD rising and negative. Look for a push over resistance to participate…
CME Group, $CME, comes into the week moving higher off a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…
Deere, $DE, comes into the week at resistance. It has a RSI at the midline with the MACD negative and both rising. Look for a break of resistance to participate…
RTX, $RTX, comes into the week at resistance. It has a RSI at the midline with the MACD negative and rising. Look for a push over resistance to participate…
TJX, $TJX, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation 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 heading into the holiday shorted pre-Easter week, saw equity markets show resilience with a sizeable move higher in a very volatile week.
Elsewhere look for Gold to continue its move higher while Crude Oil continues the downtrend. The US Dollar Index continues to trend to the downside while US Treasuries trend lower. The Shanghai Composite consolidation looks at risk to a move lower while Emerging Markets consolidate.
The Volatility Index looks to remain at extreme levels making the path easier for equity markets to the downside. Their charts continue to look at risk for more downside, especially on the shorter timeframe. On the longer timeframe both the QQQ and SPY printed reversal patterns if confirmed next week. The IWM has a bit more work to do in the longer timeframe to join them. Use this information as you prepare for the coming week and trad’em well.












