5 Trade Ideas for Monday: Adobe, FedEx, F5, The Hartford and WWE

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

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

Adobe, Ticker: $ADBE

Adobe, $ADBE, comes into the week rising up toward resistance from support. It has a RSI rising in the bullish zone with the MACD flat and positive. Look for a break of resistance to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week moving toward resistance. It has a RSI rising in the bullish zone with the MACD level and positive. Look for a push over resistance to participate…..

F5, Ticker: $FFIV

F5, $FFIV, comes into the week moving higher. It has a RSI rising toward the midline with the MACD curling up. Look for continuation to participate…..

The Hartford Financial Services Group, Ticker: $HIG

The Hartford Financial Services Group, $HIG, comes into the week at resistance. It has a RSI rising over the midline with the MACD about to turn positive. Look for a push over resistance to participate…..

World Wrestling Entertainment, Ticker: $WWE

World Wrestling Entertainment, $WWE, comes into the week in consolidation. It has a RSI in the bullish zone with the MACD crossed down but positive. Look for a break of consolidation 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 month of April in the books, saw equity markets showed resilience with a rebound from an ugly start to the week to finish stronger.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to drift to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation along with Emerging Markets.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts are mixed with the SPY following the QQQ higher but with both looking strong on both timeframes. The IWM however remains stuck in consolidation under resistance. 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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