5 Trade Ideas for Monday: Air Products, Applovin, BP, Caterpillar and Carnival

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

Air Products & Chemicals, Ticker: $APD

Air Products & Chemicals, $APD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Applovin, Ticker: $APP

Applovin, $APP, comes into the week rounding up out of a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

BP, Ticker: $BP

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

Caterpillar, Ticker: $CAT

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

Carnival, Ticker: $CCL

Carnival, $CCL, 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 one week left in August and the Jackson Hole Fed Conference in the rearview mirror, saw equity markets finish strong after a continued slosh to the downside early.

Elsewhere, look for Gold to continue toward the top of consolidation in its uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues to base in the intermediate term move to the downside while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue a new uptrend after breaking the broad consolidation area while Emerging Markets continue their uptrend.

The Volatility Index looks to continue at low levels making life easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on both timeframes, with the SPY closing at a new all-time high. The The QQQ has one more plateau to clear to join the SPY and even the IWM jumping after clearing resistance to finish at an 8 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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