5 Trade Ideas for Monday: Albemarle, Hut 8, Murphy Oil, Paramount Skydance and Rocket Lab

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

Albemarle, Ticker: $ALB

Albemarle, $ALB, comes into the week peeking over resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Hut 8, Ticker: $HUT

Hut 8, $HUT, comes into the week breaking over resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Murphy Oil, Ticker: $MUR

Murphy Oil, $MUR, 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…

Paramount Skydance, Ticker: $PSKY

Paramount Skydance, $PSKY, comes into the week consolidating under resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Rocket Lab, Ticker: $RKLB

Rocket Lab, $RKLB, comes into the week breaking through resistance. It has a RSI in the bullish zone with the MACD positive. 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 saw the transition from the end of the 3rd Quarter to the 4th Quarter went swimmingly for equity markets as they continued to move higher, piling up new record highs.

Elsewhere, look for Gold to continue the uptrend to new highs while Crude Oil drifts lower in consolidation. The US Dollar Index continues to run sideways in consolidation, while US Treasuries hold higher in their consolidation, teasing of a reversal higher. The Shanghai Composite looks to continue the short term consolidation in the uptrend to new 10 year highs while Emerging Markets also continue their uptrend to new 4 year highs.

The Volatility Index looks to continue to hold at low levels, making life easier for equity markets to the upside. The charts of the SPY, the IWM and the QQQ are all strong on both timeframes, supporting more upside. The SPY and the QQQ added 2 more new all-time highs with the IWM with one to close the week. 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
Dragonfly Caps Blog