5 Trade Ideas for Monday: Crowdstrike, Kratos Defense, Louisiana-Pacific, PayPal and Target

• Posted by Greg Harmon
• on December 8th, 2024

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

Crowdstrike, Ticker: $CRWD

Crowdstrike, $CRWD, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…

Kratos Defense & Security Solutions, Ticker: $KTOS

Kratos Defense & Security Solutions, $KTOS, 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…

Louisiana-Pacific, Ticker: $LPX

Louisiana-Pacific, $LPX, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD avoiding a cross down and positive. Look for continuation to participate…

PayPal, Ticker: $PYPL

PayPal, $PYPL, comes into the week consolidating over support. It has a RSI in the bullish zone with the MACD flat and positive. Look for continuation to participate…

Target, Ticker: $TGT

Target, $TGT, comes into the week at resistance. It has a RSI rising towards the midline with the MACD crossing up. 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 week of December in the books, saw equity markets show strength with tech and large cap printing new all-time highs 4 of the 5 days. The small caps held their ground as well.

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

The Volatility Index looks to remain very low and stabilizing making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY continue to look powerful as they rack up more new all-time highs. The IWM is taking a pause in a bull flag, preparing for a possible all-time high as well. Use this information as you prepare for the coming week and trad’em well.

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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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