5 Trade Ideas for Monday: Agilent, Abbott Labs, Albemarle, Alteryx and General Dynamics

• Posted by Greg Harmon
• on September 11th, 2022

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

Agilent, Ticker: $A

Agilent, $A, comes into the week at resistance after filling the gap from August. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation over resistance to participate…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week at resistance. The RSI is rising towards the bullish zone with the MACD crossed up. Look for a push over resistance to participate…..

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and crossing up. Look for continuation to participate…..

Alteryx, Ticker: $AYX

Alteryx, $AYX, comes into the week approaching resistance. The RSI is rising in the bullish zone with the MACD turning up and positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week reversing higher off the 200 day SMA. The RSI is rising in the bullish zone with the MACD positive and turning higher. 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 heading into the September Quadruple Witching and Index Rebalancing week, saw equity markets showed strength with a rebound solid three day move higher to end the week.

Elsewhere look for Gold to pause in its pullback while Crude Oil tries to reverse higher. The US Dollar Index continues in the uptrend while US Treasuries continue their downtrend. The Shanghai Composite looks to consolidate while Emerging Markets move to new lows. The Volatility Index looks to pull back towards the normal zone making the path easier for equity markets to the upside.

Their charts showed some strength, especially on the longer timeframe with bullish engulfing candles. On the shorter timeframe the SPY, IWM and QQQ may have just confirmed higher lows after the higher highs in August. Continuation to the upside and through the August high would confirm an intermediate trend reversal higher. 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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