5 Trade Ideas for Monday: Agilent, CIENA, Dollar General, Fedex and Champion Homes

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

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, comes into the week at resistance. It has an RSI in the bullish zone and the MACD positive. Look for a push over resistance to participate…

CIENA, Ticker: $CIEN

CIENA, $CIEN, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Dollar General, Ticker: $DG

Dollar General, $DG, comes into the week breaking short term resistance. It has an RSI at the midline with the MACD negative. Look for continuation to participate…

Fedex, Ticker: $FDX

Fedex, $FDX, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

Champion Homes, Ticker: $SKY

Champion Homes, $SKY, comes into the week rounding out of a pullback. It has an RSI rising over the midline with the MACD negative. 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 April options expiration in the books and ceasefire giving traders more confidence it will hold up, saw equities show continued strength driving to new all-time highs.

Elsewhere, look for Gold to continue recovering from the pullback while Crude Oil transitions to freefall. The US Dollar Index looks to continue to drift lower in consolidation while US Treasuries continue to hold over 15 month support like nothing is happening. The Shanghai Composite looks to continue a short term uptrend while Emerging Markets push to new highs in their uptrend.

The Volatility Index looks to continue to improve, as it drops back to the normal zone removing all the pressure on equities. The charts of the SPY, the QQQ and the IWM are now looking extremely strong on the longer timeframe with 3 long positive weeks moving to new highs. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong but are showing signs of overheated momentum and may need a pause. 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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