5 Trade Ideas for Monday: Agilent, Applied Materials, Edwards Lifesciences, FedEx and Scotts Miracle-Gro

• Posted by Greg Harmon
• on March 28th, 2021

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, made a top in February and then started to pullback. It found support and reversed in March. It met resistance and ended the week pressed against it. The RSI is rising towards the bullish zone with the MACD pushing into positive territory. Look for a push over resistance to participate…..

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, started higher off the 200 day SMA in October and continued to resistance in February. It ended last week pushing through resistance with the RSI moving higher and the MACD crossing up. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, topped in December and has been pulling back since. Last week it started to move higher with the RSI rising and the MACD crossing up. Look for continuation to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, ran to a top in December before pulling back. It found support and has been rolling up out of the pullback. It ended the week at resistance with the RSI holding in the bullish zone with the MACD rising and positive. Look for a push over resistance to participate…..

Scotts Miracle-Gro, Ticker: $SMG

Scotts Miracle-Gro, $SMG, ran to a top in February and then started to correct lower. It found support in March and reversed back higher, stalling at a February gap down. It held there until breaking higher Friday. The RSI is rising into the bullish zone with the MACD positive and climbing. Look for continuation to participate…..

Up Next: Bonus Idea

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 shortened week and the end of the 1st Quarter, sees equity markets showed resilience with a rebound from a mid-week dive.

Elsewhere look for Gold to possibly reverse out of its pullback while Crude Oil consolidates in its digestive move. The US Dollar Index has turned to a short term trend to the upside while US Treasuries bounce in their downtrend. The Shanghai Composite continues to pullback in the uptrend while Emerging Markets look close to a long term breakout retest as they pullback.

The Volatility Index looks to remain low and close to filling the pandemic gap, making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe, but there is a clear ranking emerging with the SPY strongest and moving higher, the IWM with a possible broadening top and the QQQ holding support after a digestive pullback. On the shorter timeframe both the IWM and the QQQ also look weaker than the SPY as they show short term trends lower while the SPY attacks the all-time 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.

blog comments powered by Disqus