5 Trade Ideas for Monday: Arista, Comerica, Interactive Brokers, Seagen and Teck Resources

• Posted by Greg Harmon
• on December 10th, 2023

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

Arista Networks, Ticker: $ANET

Arista Networks, $ANET, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Comerica, Ticker: $CMA

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

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD rising. Look for continuation to participate…..

Seagen, Ticker: $SGEN

Seagen, $SGEN, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Teck Resources, Ticker: $TECK

Teck Resources, $TECK, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD 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 3 weeks left in the year, equity markets continue to show strength with large cap and tech indexes approaching all-time highs.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to drop. The US Dollar Index continues to bounce in the downtrend while US Treasuries do the same. The Shanghai Composite looks to continue the downtrend while Emerging Markets drop in broad consolidation.

The Volatility Index looks to remain very low and stable creating a positive environment for equity markets to move to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY look to continue to drift higher. The IWM has taken the lead in the short term. 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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