5 Trade Ideas for Monday: Blackrock, eBay, GE Aerospace, RTX and TJX

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

Blackrock, Ticker: $BLK

Blackrock, $BLK, comes into the week trying to round out of a pullback. It has a RSI rising and a MACD turning toward a cross up. Look for continuation to participate…

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week rounding up out of a pullback. It has a RSI rising and the MACD leveling and negative. Look for continuation to participate…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week rounding up out of a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

RTX, Ticker: $RTX

RTX, $RTX, comes into the week rounding up from a shallow pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

TJX, Ticker: $TJX

TJX, $TJX, comes into the week rising to 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 the 1st week of November in the books saw equity markets showing some jitters, falling in a week filled with election results, Fed speak and tariff legitimacy debate.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil moves lower again in consolidation. The US Dollar Index shifts to a short term drift to the downside as it tries to round out a bottom, while US Treasuries give up the breakout in consolidation, putting at risk of an intermediate term reversal higher. The Shanghai Composite looks to continue the uptrend at 10 year highs while Emerging Markets stall in their uptrend near 4 year highs.

The Volatility Index looks to continue to drift up in the normal zone slamming the brakes on the equity moves higher and setting them back. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe but with a crack showing in the armor. On the shorter timeframe the SPY and QQQ have reset from the all-time highs to the 50 day SMA and are a risk for further downside, while the IWM looks most vulnerable to more downside. 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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