5 Trade Ideas for Monday: AbbVie, CBOE, CME, Honeywell and J&J

• Posted by Greg Harmon
• on February 23rd, 2025

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

AbbVie, Ticker: $ABBV

AbbVie, $ABBV, comes into the week approaching resistance. It has a RSI in bullish territory with the MACD positive. Look for a push over resistance to participate…

Cboe Global Markets, Ticker: $CBOE

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

CME Group, Ticker: $CME

CME Group, $CME, comes into the week consolidating in a triangle. It has a RSI in the bullish zone with the MACD positive. Look for a break of the triangle to participate…

Honeywell, Ticker: $HON

Honeywell, $HON, comes into the week rounding out of a bottom. It has a RSI rising near the midline with the MACD crossing up. Look for continuation to participate…

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, comes into the week approaching resistance. It has a RSI in the bullish zone with the 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 the February options expiration in the books, saw equity markets show some cracks at the end of the week following a strong open post-holiday.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside, testing prior breakout levels, while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue higher in broad consolidation while Emerging Markets continue a short term uptrend.

The Volatility Index looks to remain low but moving higher, putting some pressure on equity markets. The charts of both the QQQ and SPY look strong on the longer timeframe, but much less so on the shorter timeframe. The IWM continues move in a range under resistance after what now looks like a failed break out in November. 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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