5 Trade Ideas for Monday: Blackrock, J&J, Marriott, Thermo Fisher and Twilio

• Posted by Greg Harmon
• on February 25th, 2024

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

Blackrock, Ticker: $BLK

Blackrock, $BLK, comes into the week approaching the all-time high. The RSI is rising in the bullish zone with the MACD positive. Look for a push to a new high to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, 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…..

Marriott International, Ticker: $MAR

Marriott International, $MAR, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive and crossing up. Look for continuation to participate…..

Thermo Fisher Scientific, Ticker: $TMO

Thermo Fisher Scientific, $TMO, 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…..

Twilio, Ticker: $TWLO

Twilio, $TWLO, comes into the week reversing higher. It has a RSI turning higher as well with the MACD leveling. Look for continuation 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 1 week left in February, saw that large cap and tech focused equity markets showed resilience with a rebound to new highs after a weak start.

Elsewhere look for Gold to continue in consolidation near the highs while Crude Oil consolidates in a broad range. The US Dollar Index now looks to reverse to drift to the downside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the reversal higher while Emerging Markets consolidate.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong, especially the SPY and QQQ on the longer timeframe. On the shorter timeframe both the QQQ and SPY may be setting up for a reset as both have momentum divergences. The IWM continues to flirt with a break out. 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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