5 Trade Ideas for Monday: Broadcom,CME, Dexcom, O-I Glass and Walmart

• Posted by Greg Harmon
• on January 26th, 2025

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

Broadcom, Ticker: $AVGO

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

CME Group, Ticker: $CME

CME Group, $CME, comes into the week at resistance. It has a RSI rising through the midline with the MACD about to cross to positive. Look for a push over resistance to participate…

Dexcom, Ticker: $DXCM

Dexcom, $DXCM, comes into the week broke resistance last week and is moving higher. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

O-I Glass, Ticker: $OI

O-I Glass, $OI, comes into the week breaking resistance. It has a RSI rising with the MACD moving toward positive. Look for continuation to participate…

Walmart, Ticker: $WMT

Walmart, $WMT, comes into the week rounding out of a pullback. It has a RSI in the bullish zone with the MACD positive. 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 heading into the January FOMC meeting, saw equity markets showing strength with a 4 day trend higher before some profit taking Friday.

Elsewhere look for Gold to continue its push to a new high while Crude Oil pulls back in consolidation. The US Dollar Index looks to have stalled in its move to the upside while US Treasuries resume their downtrend. The Shanghai Composite looks to continue chop in consolidation while Emerging Markets continue the short term downtrend.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe the SPY, the QQQ and the IWM are all reversing out of the pullbacks started in December with the SPY the first to print a new all-time high. The QQQ is less than 2% away from its prior top with the IWM still over 5% below its all-time high. 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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