5 Trade Ideas for Monday: ATI, Crowdstrike, Deere, Hartford Financial and Lilly

• Posted by Greg Harmon
• on October 1st, 2023

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

ATI, Ticker: $ATI

ATI, $ATI, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a break of support to participate…..

Crowdstrike, Ticker: $CRWD

Crowdstrike, $CRWD, comes into the week moving toward resistance. It has a RSI in the bullish zone with the MACD curling up and positive. Look for a push over resistance to participate…..

Deere, Ticker: $DE

Deere, $DE, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a beak through support to participate…..

Hartford Financial Services, Ticker: $HIG

Hartford Financial Services, $HIG, comes into the week at support. It has a RSI in the bearish zone with the MACD negative. Look for a drop through support to participate…..

Lilly, Ticker: $LLY

Lilly, $LLY, comes into the week pulling back to support. It has a RSI in the bearish zone with the MACD falling. Look for a drop through support 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 3rd Quarter in the books, saw equity markets continue to show weakness.

Elsewhere look for Gold to continue its short term trend lower while Crude Oil may consolidate in its uptrend. The US Dollar Index continues to trend to the upside while US Treasuries trend lower. The Shanghai Composite looks to continue the slow drift lower while Emerging Markets consolidate in a broad range.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look weak on the shorter timeframe, with the QQQ the best at support. On the longer timeframe both the QQQ and IWM are holding in consolidation ranges while the SPY is teasing a continuation lower. 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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