5 Trade Ideas for Monday: Abbott Labs, Albemarle, Fiserv, Norfolk Southern and P&G

• Posted by Greg Harmon
• on December 5th, 2021

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

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week approaching the prior high. The RSI is rising in the bullish zone with the MACD crossing up. Look for a push over the prior high to participate….

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week pulling back from a recent top and at support. The RSI is falling through the midline with the MACD dropping but positive. Look for the reaction to touching support to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, comes into the week near resistance in a bounce. The RSI is rising at the midline with the MACD crossed up. Look for continuation to participate….

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week at a resistance channel. It has a RSI rising into the bullish zone with the MACD crossing up. Look for a push through the channel to participate…..

Procter & Gamble, Ticker: $PG

Procter & Gamble, $PG, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD about to cross up. 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 only 4 weeks of trading left in 2021, saw equity markets showing more weakness.

Elsewhere look for Gold to consolidate while Crude Oil pulls back. The US Dollar Index continues to trend to the upside while US Treasuries renew their uptrend. The Shanghai Composite looks to consolidate in a broad range while Emerging Markets continue to move lower. The Volatility Index looks to remain elevated making building strong headwinds for equity markets.

Their charts remain mixed with the SPY and QQQ strong on the longer timeframe but with building weakness in pullbacks on the shorter one. The IWM is weak on both timeframes and testing support after a failed break and reversal. It brings to mind the trader adage of “from failed moves come fast moves”. 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.

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