5 Trade Ideas for Monday: Antero Resources, Alibaba, CBOE, CME and Illumina

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

Antero Resources, Ticker: $AR

Antero Resources, $AR, comes into the breaking resistance and over the 200 day SMA. It has an RSI rising into the bullish zone and a MACD crossing to positive. Look for continuation to participate…

Alibaba, Ticker: $BABA

Alibaba, $BABA, comes into the week breaking resistance. It has an RSI in the bullish zone and a MACD positive. Look for continuation to participate…

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, comes into the week at resistance. It has an RSI in the bullish zone and the MACD positive. Look for a push over resistance to participate…

CME Group, Ticker: $CME

CME Group, $CME, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Illumina, Ticker: $ILMN

Illumina, $ILMN, comes into the week over resistance. It has an RSI in the bullish zone and a 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, which with the July FOMC meeting in the books, saw equity markets remaining a bit unsettled as bond yields rise against the new Fed Chairman’s lack of any clarity.

Elsewhere, look for Gold to continue the short term consolidation in a downtrend with Crude Oil reversed to the upside but paused. The US Dollar Index looks to move off of the very top of the 15 month range while US Treasuries confirm a break down through support in consolidation to 20 year lows in price. The Shanghai Composite looks to pause in the downtrend while Emerging Markets gather upward momentum uptrend.

The Volatility Index looks to continue in the normal zone after a threat of a move higher keeping a slight tailwind behind equities. They could use that as the charts of the SPY and the IWM are showing cracks on the shorter timeframe. The QQQ is now on a short leash to prove it has bottomed and reversed with the IWM up from a 6 week low and the SPY holding the strongest in a 3 month consolidation. They all continue to look strong on the longer timeframe consolidating at the highs, with hammer reversals in the SPY and QQQ. Use this information as you prepare for the coming week and trad’em well.