5 Trade Ideas for Monday: Abbott Labs, CF, Fiserv, Honeywell and Interactive Brokers

• Posted by Greg Harmon
• on November 3rd, 2024

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. It has a RSI in the bullish zone with the MACD curling to cross up and positive. Look for a push over resistance to participate…

CF Industries, Ticker: $CF

CF Industries, $CF, comes into the week reversing higher. It has a RSI rising at the midline with the MACD curling up. Look for continuation to participate…

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 break of resistance to participate…

Honeywell, Ticker: $HON

Honeywell, $HON, comes into the week reversing higher. It has a RSI at the midline with the MACD flat at zero. Look for continuation to participate…

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, comes into the week at resistance. It has a RSI in the bullish zone and a MACD positive. 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 October in the books and heading into the election and FOMC meeting, saw equity markets experienced a Halloween spooking.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index looks to consolidate in its uptrend while US Treasuries pullback in their consolidation. The Shanghai Composite looks to continue the short term move higher while Emerging Markets pullback in their uptrend.

The Volatility Index looks to remain at a neutral level, above the base established this year, likely at least until after the election. This could make for choppy light trading for equity markets to start next week. Their charts look strong on the longer timeframe though. On the shorter timeframe both the QQQ and SPY have reset momentum measures lower and could reverse or turn bearish, likely a couple of days’ time will tell. The IWM does not seem concerned about an election or Fed policy churning sideways. 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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