5 Trade Ideas for Monday: Amex, Cincinnati Financial, J&J, Southwest Air and UPS

• Posted by Greg Harmon
• on January 9th, 2022

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

American Express, Ticker: $AXP

American Express, $AXP, comes into the week at resistance. It has a RSI in the bullish zone and a MACD positive and climbing. Look for a push over resistance to participate…..

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, comes into the week at crossing resistance. It has a RSI rising into the bullish zone with the MACD about to move to positive. Look for continuation to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, comes into the week breaking resistance. It has a RSI strong in the bullish zone with the MACD flat but positive. Look for continuation to participate…..

Southwest Airlines, Ticker: $LUV

Southwest Airlines, $LUV, comes into the week rising toward resistance. The RSI is moving into the bullish zone with the MACD crossing to positive. Look for a push over resistance to participate…..

UPS, Ticker: $UPS

UPS, $UPS, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. look for a push over resistance 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 the first week of 2022 in the books, saw equity markets show some short term weakness.

Elsewhere look for Gold to consolidate while Crude Oil continues to move higher. The US Dollar Index continues to pause in consolidation in the uptrend while US Treasuries continue a short term downtrend. The Shanghai Composite looks to consolidate while Emerging Markets continue the move lower.

The Volatility Index looks to remain low and in the normal range making the path easier for equity markets to the upside. Their charts continue to show strength on the longer timeframe but with short term weakness. The SPY looks the strongest of the three but in a pullback short term. The QQQ has now joined the IWM in building a consolidation zone, sitting at the bottom of it, while the IWM itself remains in the 11 month range. 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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