5 Trade Ideas for Monday: Arch Capital, APA, Expedia, Fidelity National and Helmerich & Payne

• Posted by Greg Harmon
• on July 9th, 2023

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

Arch Capital Group, Ticker: $ACGL

Arch Capital Group, $ACGL, 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…..

APA, Ticker: $APA

APA, $APA, comes into the week at resistance. The RSI is rising toward the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Expedia, Ticker: $EXPE

Expedia, $EXPE, comes into the week at resistance. It has a RSI in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, comes into the week tangled at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Helmerich & Payne, Ticker: $HP

Helmerich & Payne, $HP, comes into the week at resistance. It has a RSI rising and a MACD positive. Look for a move 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 July in the books, noted that equity markets showed some weariness, stalling in their moves higher and giving back minor amounts.

Elsewhere look for Gold to continue its downtrend while Crude Oil consolidates in a broad range. The US Dollar Index looks to move lower in consolidation while US Treasuries drop and may be resuming their downtrend. The Shanghai Composite looks to continue the intermediate trend lower while Emerging Markets consolidate.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe with the SPY and QQQ leading over the IWM. On the shorter timeframe both the QQQ and SPY are now in a short term consolidation with the IWM in a wider consolidation holding over the prior range. 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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