5 Trade Ideas for Monday: Cigna, Fiserv, First Solar, Papa John’s and T-Mobile

• Posted by Greg Harmon
• on April 3rd, 2022

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

Cigna, Ticker: $CI

Cigna, $CI, comes into the week at a 10 month high. It has a RSI in the bullish zone with the MACD positive and rising. Look for a move over resistance to participate…..

Fiserv, Ticker: $FSIV

Fiserv, $FSIV, comes into the week moving higher and at short term resistance. The RSI is rising in the bullish zone with the MACD positive and moving up. Look for a break of resistance to participate…..

First Solar, Ticker: $FSLR

First Solar, $FSLR, comes into the week at resistance. It has a RSI in the bullish zone with the MACD rising and positive. Look for a break of resistance to participate…..

Papa John’s, Ticker: $PZZA

Papa John’s, $PZZA, comes into the week at short term resistance. It has a RSI rising into the bullish zone with the MACD crossed up and heading to positive. Look for a push over resistance to participate…..

T-Mobile, Ticker: $TMUS

T-Mobile, $TMUS, comes into the week at resistance. it has a RSI rising in the bullish zone with the MACD rising and positive. 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 with the first Quarter of 2022 in the books, saw equity markets face some profit taking after a strong move higher.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil pulls back in its trend higher. The US Dollar Index looks to consolidate its move higher while US Treasuries bounce in their downtrend. The Shanghai Composite looks to continue the consolidation while Emerging Markets bounce in their downtrend.

The Volatility Index is back in the normal zone making the path easier for equity markets to the upside. Their charts saw some late week profit taking on the short term frame, showing no real damage to the recent trends higher. On the longer timeframe that profit taking takes the form of a possible top in the rally for the QQQ and SPY. As usual, the IWM continues to move sideways, in its lower range. 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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