5 Trade Ideas for Monday: Cognizant, Expedia, ICE, RBC and Thermo Fisher

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

Cognizant Technology Solutions, Ticker: $CTSH

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

Expedia, Ticker: $EXPE

Expedia, $EXPE, comes into the week rounding up from a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Intercontinental Exchange, Ticker: $ICE

Intercontinental Exchange, $ICE, comes into the week at resistance. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participate…

Royal Bank of Canada, Ticker: $RY

Royal Bank of Canada, $RY, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Thermo Fisher Scientific, Ticker: $TMO

Thermo Fisher Scientific, $TMO, 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…

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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 November options expiration in the rearview mirror, saw equity markets showed continued jitters, with mixed messaging from the Fed and the first Government data, the September jobs report.

Elsewhere, look for Gold to continue the uptrend with some short term consolidation while Crude Oil holds lower in consolidation. The US Dollar Index continues the short term drift to the upside, toward a breakout, while US Treasuries continue in consolidation, sputtering the possible reversal higher. The Shanghai Composite looks to continue the uptrend after some digestion from the 10 year highs while Emerging Markets stall in their uptrend putting it at risk.

The Volatility Index looks to continue to move up into elevated territory further stalling the equity moves higher and setting them back. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe but with some risk of a correction. On the shorter timeframe the SPY and QQQ have reset from the all-time highs to the 100 day SMA and remain at risk for further downside, while the IWM looks most vulnerable to more downside, sitting on support. 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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