5 Trade Ideas for Monday: Cboe, Cincinnati Financial, General Dynamics, Kansas City Southern and Eli Lilly
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Cboe Global Markets, Ticker: $CBOE
Cboe Global Markets, $CBOE, comes into the week breaking a bull flag. The RSI is rising in the bullish zone and the MACD is positive after crossing up. Look for continuation to participate…..
Cincinnati Financial, Ticker: $CINF
Cincinnati Financial, $CINF, comes into the week breaking resistance. The RSI is rising into the bullish zone with the MACD crossed up. Look for continuation to participate…..
General Dynamics, Ticker: $GD
General Dynamics, $GD, comes into the week pressing up out of short term consolidation. The RSI is rising in the bullish zone and the MACD is positive and moving higher. Look for continuation to participate…..
Kansas City Southern, Ticker: $KSU
Kansas City Southern, $KSU, comes into the week rounding out a bottom, The RSI is rising into the bullish zone with the MACD about to turn positive. Look for continuation to participate…..
Eli Lilly, Ticker: $LLY
Eli Lilly, $LLY, comes into the week at resistance in consolidation. The RSI is rising near the midline with the MACD crossed up but negative. 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 October options expiration week, saw equity markets showed some resilience with a rebound in the larger cap markets.
Elsewhere look for Gold to continue in consolidation while Crude Oil drives higher in the uptrend. The US Dollar Index continues to drift to the upside while US Treasuries pullback in a downtrend. The Shanghai Composite looks to continue the sideways motion while Emerging Markets trend to the downside.
The Volatility Index looks to remain at moderate levels reducing the downward pressure on equity markets. The SPY and QQQ charts look strong on the longer timeframe and may be ready to reverse higher again on the shorter timeframe. The IWM however continues to churn marking time sideways in a nine month channel. Use this information as you prepare for the coming week and trad’em well.

















