5 Trade Ideas for Monday: Antero Resources, CME, Phillips 66, TDS and US Cellular

• Posted by Greg Harmon
• on December 29th, 2024

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

Antero Resources, Ticker: $AR

Antero Resources, $AR, 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…

CME Group, Ticker: $CME

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

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, comes into the week trying to round out of a pullback. It has a RSI rising from oversold and a MACD curling up but negative. Look for continuation to participate…

Telephone and Data Systems, Ticker: $TDS

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

United States Cellular, Ticker: $USM

United States Cellular, $USM, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD curling up and positive. 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 just 2 trading days left in 2024, saw the week show some disappointment in equity markets following a strong rebound early.

Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to hold at resistance while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on the longer timeframe. On the shorter timeframe both look a little weaker. The IWM is now weak enough that it is threatening the uptrend. Use this information as you prepare for the coming week and trad’em well.

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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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