5 Trade Ideas for Monday: Advanced Micro Devices, Arm, Amgen, Eaton and 3M

  • Posted by on September 20th, 2026 at 9:03 am

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

Advanced Micro Devices, Ticker: $AMD

Advanced Micro Devices, $AMD, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a drive over resistance to participate…

Arm, Ticker: $ARM

Arm, $ARM, comes into the week rounding up from a pullback. It has an RSI entering the bullish zone with the MACD about to become positive. Look for continuation to participate…

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week rounding up out of a pullback. It has an RSI in the bearish zone with the MACD negative. Look for continuation to participate…

Eaton, Ticker: $ETN

Eaton, $ETN, comes into the week approaching resistance. It has an RSI rising over the midline with the MACD negative. Look for a push over resistance to participate…

3M, Ticker: $MMM

3M, $MMM, comes into the week approaching resistance. It has an RSI rising in the bearish zone with the MACD curling to cross up and 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 with the September FOMC meeting and September Quadruple Witching in the books, saw equities had weathered the storm fairly well and now were heading into an historically weak week.

Elsewhere, looked for Gold to continue the pause in its uptrend with Crude Oil continuing the short term move higher. The US Dollar Index looked to continue in a tight range testing the top of the zone while US Treasuries held the move lower at 22 year lows in price. The Shanghai Composite looked set to continue in consolidation while Emerging Markets showed risk to the uptrend with a lower high.

The Volatility Index looked to continue low in the normal zone, near the lows of the year keeping a tailwind behind equities. The chart of the QQQ continued to build a range over support on the shorter timeframe, while the SPY and IWM continued to face greater short term downward pressure as their bull flags become extended. The SPY and QQQ continued to look strong on the longer timeframe consolidating at the highs while the IWM now showed some risk to the uptrend. Use this information as you prepare for the coming week and trad’em well.