5 Trade Ideas for Monday: Apple, Abbott Labs, Fidelity Info Services, General Dynamics and Global Payments

• Posted by Greg Harmon
• on January 30th, 2022

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week rising off of the 100 day SMA. It has a RSI rising toward the bullish zone with the MACD turning towards a cross up. Look for continuation to participate…..

Abbott Laboratories, Ticker: $ABT

Abbott Laboratories, $ABT, comes into the week rising back over the 200 day SMA. The RSI is rising out of oversold territory with the MACD turning to reverse higher. Look for continuation to participate…..

Fidelity National information Services, Ticker: $FIS

Fidelity National information Services, $FIS, comes into the week following a strong move higher Friday. It has a RSI back in the bullish zone with the MACD turning to cross up. Look for continuation to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week moving to the all-time high. The RSI is rising and bullish with the MACD turning up for a cross. Look for a push over resistance to participate…..

Global Payments, Ticker: $GPN

Global Payments, $GPN, comes into the week moving higher off a higher low. The RSI is rising in the bullish zone with the MACD turning up towards a cross. Look for a 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 just one trading day left in January traders are getting excited to turn the page on an ugly month for equities.

Elsewhere look for Gold to continue in consolidation while Crude Oil continues to move higher. The US Dollar Index continues in an uptrend as well while US Treasuries consolidate. The Shanghai Composite is moving lower in consolidation while Emerging Markets remain in a downtrend.

The Volatility Index is elevated but moving lower easing the pressure on equity markets. Their charts are mixed with the SPY and QQQ showing consolidation in the pullback in the short timeframe and potential reversal candles on the longer timeframe. The IWM is in a downtrend on the shorter frame with indecision on the longer timeframe. 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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