5 Trade Ideas for Monday: Abbott Labs, Air Products, Conagra, Cleveland-Cliffs and Capital One

• Posted by Greg Harmon
• on July 30th, 2023

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is in the bullish zone with the MACD falling but bullish. Look for a push over resistance to participate…..

Air Products, Ticker: $APD

Air Products, $APD, comes into the week at resistance. The RSI is in the bullish zone with the MACD bullish. Look for a push over resistance to participate…..

Conagra, Ticker: $CAG

Conagra, $CAG, comes into the week near resistance. The RSI is trending higher with the MACD rising but negative. Look for a push over resistance to participate…..

Cleveland-Cliffs, Ticker: $CLF

Cleveland-Cliffs, $CLF, comes into the week at resistance. The RSI is in the bullish zone with the MACD flat and bullish. Look for a push over resistance to participate…..

Capital One, Ticker: $COF

Capital One, $COF, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD falling but bullish. Look for a push over resistance to participate…..

Up Next: Bonus Idea

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 one trading day left in July saw that equity markets showed resilience, holding up and improving in a week with rate hikes from Fed and ECB and slight loosening of the band for rates in Japan.  

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the top of broad range. The US Dollar Index continues to bounce in the downtrend while US Treasuries continue their trend lower. The Shanghai Composite looks to continue the pullback in broad consolidation while Emerging Markets continue a short term move higher.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts continue to look strong on the longer timeframe. On the shorter timeframe both the QQQ and IWM look to continue in sideways channels while the SPY resumes the trend higher. Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus