5 Trade Ideas for Monday: Aflac, Air Products, GE, Lockheed Martin and Merck

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

Aflac, Ticker: $AFL

Aflac, $AFL, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Air Products, Ticker: $APD

Air Products, $APD, comes into the week approaching resistance. It has a RSI at the midline with the MACD level at zero. Look for a push over resistance to participate…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, 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…

Lockheed Martin, Ticker: $LMT

Lockheed Martin, $LMT, comes into the week at short term resistance. It has a RSI at the midline with the MACD crossed up and negative. Look for a push over resistance to participate…

Merck, Ticker: $MRK

Merck, $MRK, comes into the week breaking resistance. It has a RSI rising at the midline with the MACD crossed up but negative. 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 the month of February in the books, saw equity markets end with a seasonally weak period, raising the fear factor.

Elsewhere look for Gold to pause in its march higher while Crude Oil consolidates in the bottom of a broad range. The US Dollar Index looks to try to rebound to the upside while US Treasuries show some short term strength in consolidation. The Shanghai Composite looks to consolidate in the recent move higher while Emerging Markets shift to a short term move lower.

The Volatility Index looks to remain low but rising, making the path easier for equity markets to the downside. The charts of the SPY and QQQ look strong still on the longer timeframe, but on the shorter timeframe both, as well as the IWM, are showing signs of a deeper pullback. The IWM remains stuck in a channel on the longer timeframe. 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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