5 Trade Ideas for Monday: Berkshire Hathaway, CME, Costco, Gilead and Weyerhaeuser

• Posted by Greg Harmon
• on July 10th, 2022

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

Berkshire Hathaway, Ticker: $BRK/B

Berkshire Hathaway, $BRK/B, comes into the week at resistance. It has RSI rising towards the midline with the MACD climbing but negative. Look for a move over resistance to participate…..

CME Group, Ticker: $CME

CME Group, $CME, comes into the week heading to resistance. It has a RSI rising towards the bullish zone with the MACD positive and moving higher. Look for a push through resistance to participate…..

Costco, Ticker: $COST

Costco, $COST, comes into the week approaching the 200 day SMA. It has a RSI rising in the bullish zone with the MACD positive and moving higher. Look for continuation to participate…..

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week at resistance. It has a RSI level over the midline with the MACD positive and rising. Look for a push over resistance to participate…..

Weyerhaeuser, Ticker: $WY

Weyerhaeuser, $WY, comes into the week moving higher towards resistance. The RSI is rising at the midline with the MACD crossed up and moving higher. 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 the first week of the 3rd Quarter in the books, saw equity markets showed strength with a multi-day move to the upside.

Elsewhere look for Gold to continue its pullback while Crude Oil continues its short term drop. The US Dollar Index continues to race to the upside while US Treasuries continue their downtrend. The Shanghai Composite looks to pause in its uptrend while Emerging Markets continue to trend lower.

The Volatility Index looks to remain slightly elevated but moving lower making the path easier for equity markets to the upside. Their charts look promising but not yet trustworthy on the shorter timeframe. On the longer timeframe the IWM, the QQQ and the SPY all remain in consolidation at key retracement levels. 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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