5 Trade Ideas for Monday: Applied Materials, Bristol-Myers, GE Aerospace, Howmet and Microsoft

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, comes into the week breaking resistance. It has an RSI rising above the midline with the MACD negative. Look for continuation to participate…

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week reversing higher off of a touch at the 100 day SMA. It has an RSI rising in the bearish zone with the MACD curling to cross up. Look for continuation to participate…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week rounding up from a pullback. It has an RSI at the midline and a MACD crossed up but negative. Look for continuation to participate…

Howmet Aerospace, Ticker: $HWM

Howmet Aerospace, $HWM, comes into the week rounding up from a pullback. It has an RSI rising in the bearish zone and a MACD crossed up but negative. Look for continuation to participate…

Microsoft, Ticker: $MSFT

Microsoft, $MSFT, comes into the pushing over resistance. It has an RSI in the bullish zone with the MACD positive.  Look for 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 3 trading days left in the 3rd Quarter, saw equities weathered another storm as bond yields revolted higher and now head into an historically strong period in the election cycle.

Elsewhere, look for Gold to continue to hold onto the uptrend and avoid a reversal with Crude Oil stalling in the short term move higher. The US Dollar Index looks to continue to test the top of the zone while US Treasuries hold the move lower at 22 year high yield and all-time lows in price for the Treasury Bond ETF. The Shanghai Composite looks set to continue in consolidation while Emerging Markets show risk to the uptrend.

The Volatility Index looks to continue low in the normal zone, near the lows of the year keeping a tailwind behind equities. The charts of the SPY and the QQQ are breaking their flags over support on the shorter timeframe, on the edge of resuming the uptrend, while the IWM is continuing a short term downtrend. The SPY and QQQ continue to look strong on the longer timeframe with the SPY consolidating at the highs and QQQ breaking higher while the IWM now shows some risk to the 19 month uptrend. 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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