5 Trade Ideas for Monday: Caterpillar, Crescent Energy, MGM Resorts, Murphy Oil and UiPath

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

Caterpillar, Ticker: $CAT

Caterpillar, $CAT, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Crescent Energy, Ticker: $CRGY

Crescent Energy, $CRGY, comes into the week at resistance. It has a RSI in the bullish zone and a MACD positive. Look for a push over resistance to participate…

MGM Resorts, Ticker: $MGM

MGM Resorts, $MGM, 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…

Murphy Oil, Ticker: $MUR

Murphy Oil, $MUR, 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…

UiPath, Ticker: $PATH

UiPath, $PATH, 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…

Up Next: Bonus Idea                                                                                        

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 first week of December in the books and the FOMC next week, saw equity markets show strength moving higher.

Elsewhere, look for Gold to continue the uptrend while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the downside while US Treasuries continue in consolidation still teasing of a possible reversal higher. The Shanghai Composite looks to continue the uptrend after some digestion from the 10 year highs while Emerging Markets move up from support in their uptrend.

The Volatility Index looks to continue to hold in the normal range making it easier for equities to move higher. The charts of the SPY, the IWM and the QQQ look strong on the longer timeframe after reversals on the week. On the shorter timeframe the SPY and the QQQ have regained their swagger with higher short term highs, while the IWM leads the charge with a new all-time high. 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.

blog comments powered by Disqus
Dragonfly Caps Blog