5 Trade Ideas for Monday: Commerce Bancshares, CrowdStrike, Haliburton, Huntington Bancshares and Palo Alto Networks

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

Commerce Bancshares, Ticker: $CBSH

Commerce Bancshares, $CBSH, comes into the week pressing on resistance. It has an RSI approaching the bullish zone with the MACD rising and negative. Look for a pushover resistance to participate…

CrowdStrike, Ticker: $CRWD

CrowdStrike, $CRWD, comes into the week rounding out of a pullback. It has an RSI in the bullish zone and the MACD rising at zero. Look for continuation to participate…

Haliburton, Ticker: $HAL

Haliburton, $HAL, comes into the week approaching falling trend resistance. It has an RSI in the bullish zone with the MACD turning to positive. Look for a pushover resistance to participate…

Huntington Bancshares, Ticker: $HBAN

Huntington Bancshares, $HBAN, comes into the week rounding out of a pullback. It has an RSI at the midline with the MACD rising and negative. Look for continuation to participate…

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, comes into the week rounding out of a shallow pullback. It has an RSI at the midline with the MACD curling up towards a cross. 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 one week left in scary October and the FOMC meeting on Wednesday, saw equity markets had been spooked by the combination of strong earnings growth and capex growth.

Elsewhere, look for Gold to continue the short term move lower with Crude Oil resuming the short term move higher. The US Dollar Index looks to try to hold up over the top of the zone on the verge of an uptrend while US Treasuries close in on a retest of the breakdown levels. The Shanghai Composite shifts to a downtrend after confirming a long rounding top while Emerging Markets continue to show risk to their uptrend.

The Volatility Index looks elevated in the normal zone, near a more worrisome move higher putting pressure on equities. The chart of the SPY is on the cusp breaking support in the short term while the IWM and QQQ continue their short terms move lower. The SPY and QQQ continue to look stronger on the longer timeframe holding consolidation ranges while the IWM is in a short term downtrend. 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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