5 Trade Ideas for Monday: DaVita, Fiserv, GE, GM and Visa
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
DaVita, $DVA, comes into the week rounding up from the 200 day SMA. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…
Fiserv, $FI, comes into the week pressing on resistance in consolidation. It has a RSI at the midline with the MACD curling up. Look for a push over resistance to participate…
GE Aerospace, $GE, comes into the week rounding out of a pullback. It has a RSI rising and a MACD curling towards a cross up. Look for continuation to participate…
General Motors, $GM, comes into the week rounding out of a pullback. The RSI is rising to the midline with the MACD curling to cross up. look for continuation to participate…
Visa, $V, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for a push over resistance to participate…
If you like what you see sign up for more ideas and deeper analysis using this Get Premium link and receive a Special 30% off Holiday Discount.
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 just 5½ trading days left in 2024, saw the week showing a crack in equity markets following the FOMC December meeting.
Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.
The Volatility Index looks to remain low after spiking and pulling back making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on the longer timeframe. On the shorter timeframe both look a little weaker. The IWM is now weak enough that it is threatening the uptrend. Use this information as you prepare for the coming week and trad’em well.














