5 Trade Ideas for Monday:  Aflac, Campbell Soup, Gilead, LPL and Exxon Mobil

• Posted by Greg Harmon
• on April 10th, 2022

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

Aflac, Ticker: $AFL

Aflac, $AFL, comes into the week at trend resistance. The RSI is rising in the bullish zone with the MACD bullish and moving higher. Look for a push over resistance to participate…..

Campbell Soup, Ticker: $CPB

Campbell Soup, $CPB, comes into the week at resistance. It has a RSI rising into the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

Gilead, Ticker: $GILD

Gilead, $GILD, comes into the week breaking resistance. It has a RSI rising into the bullish zone with the MACD turning positive. Look for continuation to participate…..

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, comes into the week moving up to the prior high. It has a RSI in the bullish zone with the MACD positive and rising. Look for a new high to participate…..

Exxon Mobil, Ticker: $XOM

Exxon Mobil, $XOM, comes into the week reaching resistance. The RSI is in the bullish zone with the MACD rising and 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 heading into April options expiration and the short pre-Easter week, saw equity markets had lost their strength.

Elsewhere look for Gold to consolidate while Crude Oil pulls back in the uptrend. The US Dollar Index continues to drive to the upside while US Treasuries drive lower in a downtrend. The Shanghai Composite looks to consolidate while Emerging Markets continue to move lower.

The Volatility Index looks to remain in the normal range making the path easier for equity markets to the upside. Their charts look weak though, especially on the longer timeframe. On the shorter timeframe the IWM, the QQQ and the SPY also look to have an easier path lower. 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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