5 Trade Ideas for Monday: Aflac, Air Products, Exelixis, Oxy Pete and Prudential

• Posted by Greg Harmon
• on January 12th, 2025

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

Aflac, Ticker: $AFL

Aflac, $AFL, comes into the week pulling back to support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…

Air Products & Chemicals, Ticker: $APD

Air Products & Chemicals, $APD, comes into the week rounding out of a pullback. It has a RSI rising and a MACD crossing up. Look for continuation to participate…

Exelixis, Ticker: $EXEL

Exelixis, $EXEL, 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…

Occidental Petroleum, Ticker: $OXY

Occidental Petroleum, $OXY, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…

Prudential Financial, Ticker: $PRU

Prudential Financial, $PRU, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support 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 heading into the January options expiry and the start of earnings season, saw equity markets show some short term weakness.

Elsewhere look for Gold to continue its rise in consolidation while Crude Oil consolidates in the upper half of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries resume their downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets consolidate continue their downward reversal.

The Volatility Index looks to remain on the edge of low to slightly elevated making the path easier for equity markets to the downside. Their charts are starting to show some cracks on the weekly chart, but with the QQQ remaining strong, on the longer timeframe. On the shorter timeframe the SPY, the QQQ and the IWM all are making lower lows and looking weaking. Use this information as you prepare for the coming week and trad’em well.

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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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