5 Trade Ideas for Monday: Carvana, GE, On Holding,Verona Pharma and NCR Voyix

• Posted by Greg Harmon
• on November 10th, 2024

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

Carvana, Ticker: $CVNA

Carvana, $CVNA, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week at resistance. It has a RSI rising and a MACD crossing up. Look for a push over resistance to participate…

On Holding, Ticker: $ONON

On Holding, $ONON, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Verona Pharma, Ticker: $VRNA

Verona Pharma, $VRNA, comes into the week at resistance. It has a RSI in the buillish zone with the MACD positive. Look for a push over resistance to participate…

NCR Voyix, Ticker: $VYX

NCR Voyix, $VYX, comes into the week breaking resistance. 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 with the Presidential Election and November FOMC meeting in the rearview mirror, saw equity markets showed jubilation as they vaulted higher.

Elsewhere look for Gold to in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their pullback. The Shanghai Composite looks to continue the move higher while Emerging Markets chop in their short term uptrend.

The Volatility Index looks to remain low and drifting lower following the election making it easier for equity markets to continue higher. Their charts look strong on both timeframes, especially the SPY and QQQ. The IWM has now joined the party, a stone’s throw away from making its first new all-time high in 2 years. 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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