#$sum

[dragonflycap]

5 Trade Ideas for Monday: Fiserv, Louisiana-Pacific, Meta, Progressive and Summit Materials

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Fiserv, Ticker: $FI

Fiserv, $FI, 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…..

Louisiana-Pacific, Ticker: $LPX

Louisiana-Pacific, $LPX, 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…..

Meta Platforms, Ticker: $META

Meta Platforms, $META, comes into the week breaking resistance. It has a RSI deep in the bullish zone with the MACD positive. Look for continuation to participate…..

Progressive, Ticker: $PGR

Progressive, $PGR, comes into the week breaking resistance. It has a RSI rising over the midline with the MACD climbing toward positive. Look for continuation to participate…..

Summit Materials, Ticker: $SUM

Summit Materials, $SUM, comes into the week breaking short term resistance. The RSI is in the bullish zone with the MACD flat and 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 which with 5 trading days left in the second Quarter, saw equity markets take a break, pulling back following several strong weeks.

Elsewhere look for Gold to continue its pullback while Crude Oil drops in broad consolidation. The US Dollar Index continues in consolidation while US Treasuries also consolidate. The Shanghai Composite looks to continue the new short term move lower while Emerging Markets also term lower in the short term.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their SPY and QQQ charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY could have now reset on momentum measures as both were extended. The IWM had the worst week giving up nearly the entire move since the breakout and looking weak on both timeframes. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday:  Mastercard, NVIDIA, Oracle, Summit Materials and TD Bank

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Mastercard, Ticker: $MA

Mastercard, $MA, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week at short term resistance. It has a RSI rising in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate….

Oracle, Ticker: $ORCL

Oracle, $ORCL, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD curling to cross up and positive. Look for continuation to participate…..

Summit Materials, Ticker: $SUM

Summit Materials, $SUM, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for continuation to participate….

Toronto-Dominion, Ticker: $TD

Toronto-Dominion, $TD, comes into the week at resistance. It has a RSI rising at the edge of the bullish zone with the MACD about to turn positive. Look for a push through resistance to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

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 May FOMC meeting in the books, saw that equity markets showed resilience with a rebound Friday erasing an ugly midweek slump.

Elsewhere look for Gold to continue its uptrend while Crude Oil holds in the low end of a consolidation range. The US Dollar Index continues to drift sideways at support while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in consolidation while Emerging Markets consolidate.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. The charts of the QQQ and SPY look strong on the longer timeframe with the IWM in consolidation. On the shorter timeframe both the IWM and SPY look to try to break consolidation while the QQQ heads higher. Use this information as you prepare for the coming week and trad’em well.