5 Trade Ideas for Monday: Akamai, Amgen, Mastercard, Morgan Stanley and Schlumberger

• Posted by Greg Harmon
• on November 27th, 2022

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

Akamai Technologies, Ticker: $AKAM

Akamai Technologies, $AKAM, comes into the week heading towards resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

Amgen, Ticker: $AMGN

Amgen, $AMGN, comes into the week pressing on support. It has a RSI pulling back from overbought with a MACD crossed down. Look for a drop through support to participate…..

Mastercard, Ticker: $MA

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

Morgan Stanley, Ticker: $MS

Morgan Stanley, $MS, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat and positive. look for a push over resistance to participate…..

Schlumberger, Ticker: $SLB

Schlumberger, $SLB, comes into the week approaching support. It has a RSI dropping in the bullish zone with the MACD falling. Look for a drop through support 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 last month of the year, equity markets showed continued strength as they continued higher.

Elsewhere look for Gold to continue to digest its move to the upside while Crude Oil continues lower. The US Dollar Index continues to move to the downside while US Treasuries bounce in their downtrend. The Shanghai Composite looks to pause in its short term uptrend while Emerging Markets bounce in their downtrend.

The Volatility Index is back at normal levels making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe with the SPY leading the charge higher. On the shorter timeframe things look messier with both the QQQ and IWM in a consolidation while the SPY breaks higher. 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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