5 Trade Ideas for Monday: Aflac, DaVita, First Solar, UPS and Valero

• Posted by Greg Harmon
• on July 2nd, 2023

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

Aflac, Ticker: $AFL

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

DaVita, Ticker: $DVA

DaVita, $DVA, comes into the week approaching resistance. The RSI is in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

First Solar, Ticker: $FSLR

First Solar, $FSLR, comes into the week rounding higher. The RSI is at the midline with the MACD crossing up. Look for continuation to participate…..

UPS, Ticker: $UPS

UPS, $UPS, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance too participate…..

Valero Energy, Ticker: $VLO

Valero Energy, $VLO, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. 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 2nd Quarter in the books, saw equity markets showed strength reversing the pull backs from the prior week.

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to drift to the upside in consolidation while US Treasuries churn in their own consolidation range. The Shanghai Composite looks to continue the slow drift lower while Emerging Markets consolidate.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe with the SPY and QQQ printing new cycle weekly highs. On the shorter timeframe the QQQ, SPY and IWM all erased last week’s losses with the SPY making a new 14 month high. 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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