5 Trade Ideas for Monday: Agilent, Abbott Labs, Amgen, Deere and Vulcan Materials

• Posted by Greg Harmon
• on July 25th, 2021

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, comes into the week break resistance after a short consolidation. The RSI is rising in the bullish zone with the MACD turning to cross up and positive. Look for continuation to participate…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, has trended higher since a gap down to start June. It ended last week breaking over resistance with the RSI rising in the bullish zone and the MACD lifting from flat. Look for continuation to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week at resistance in consolidation after a move up off the 200 day SMA. It has a RSI rising toward the bullish zone with the MACD lifting off the signal line and positive. Look for a push over resistance to participate….

Deere, Ticker: $DE

Deere, $DE, closed the week back at resistance after a minor pullback. The RSI is rising towards the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

Vulcan Materials, Ticker: $VMC

Vulcan Materials, $VMC, comes into the week moving higher towards resistance. The RSI is rising toward the bullish zone and the MACD positive and moving higher. 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 with one week left in July, saw equity markets had shaken off a threat to the downside, with some reversing to all-time highs.

Elsewhere looks for Gold to consolidate while Crude Oil looks ready to continue the move higher. The US Dollar Index continues to drift to the upside while US Treasuries may be ready to pullback in their uptrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets pullback in consolidation.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY have reset on momentum measures and are moving in the next leg higher. The IWM has also recovered from a breakdown and may be ready to join them to the upside, out of consolidation. 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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