5 Trade Ideas for Monday: Boeing, CBOE, FedEx, Halozyme and Sealed Air

• Posted by Greg Harmon
• on October 16th, 2022

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

Boeing, Ticker: $BA

Boeing, $BA, comes into the week pressing on resistance. It has a RSI trying to move higher in the bearish zone with the MACD crossed up but negative. Look for a push over resistance to participate…..

Cboe Global Markets, Ticker: $CBOE

Cboe Global Markets, $CBOE, came into the week back at support. It has a RSI dropping from the midline with the MACD negative. Look for a drop through support to participate…..

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week pressing against resistance. It has a RSI rising out of oversold territory and a MACD negative but rising. Look for a push over resistance to participate…..

Halozyme Therapeutics, Ticker: $HALO

Halozyme Therapeutics, $HALO, comes into the week making a 2 month high. It has a RSI rising in the bullish zone and a MACD positive and moving higher. Look for continuation to participate…..

Sealed Air, Ticker: $SEE

Sealed Air, $SEE, comes into the week pressing on resistance. It has a RSI moving higher and a MACD climbing but negative. 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 heading into October options expiration and the height of earnings season, saw equity markets continue to look better to the downside.

Elsewhere look for Gold to continue its move lower while Crude Oil reverses the lower killing the short term trend higher. The US Dollar Index continues the trend to the upside while US Treasuries continue their downtrend. The Shanghai Composite has morphed to a short term trend higher in broad consolidation while Emerging Markets continue the long trend lower.

The Volatility Index looks to remain elevated making the path easier for equity markets to the downside. Their charts look on both timeframes. On the longer timeframe both the IWM and SPY building flags, look a bit stronger than the QQQ which continues to drive lower. On the shorter timeframe the charts continue to move in tandem. 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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