5 Trade Ideas for Monday: Donaldson, Honeywell, Intuitive Surgical, Lazard and Sherwin-Williams

• Posted by Greg Harmon
• on August 1st, 2021

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

Donaldson, Ticker: $DCI

Donaldson, $DCI, comes into the week at resistance with tight Bollinger Bands®. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…..

Honeywell, Ticker: $HON

Honeywell, $HON, pulled back from a top in early June, finding support in the middle of the month. It comes into the week back at that prior high with the RSI rising in the bullish zone and the MACD positive and climbing. Look for a push over resistance to participate…..

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, comes into the week breaking above prior resistance and at an all-time high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for continuation to participate…..

Lazard, Ticker: $LAZ

Lazard, $LAZ, comes into the week at resistance after a breakout Friday could not hold up. The RSI is rising in the bullish zone with the MACD crossed up and about to go positive. Look for a break and hold to participate…..

Sherwin-Williams, Ticker: $SHW

Sherwin-Williams, $SHW, comes into the week breaking above prior resistance. The RSI is rising in the bullish zone and the MACD is positive and climbing. 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 the month of July in the books, saw equity markets showed some signs of being tired.

Elsewhere look for Gold to possibly reverse higher while Crude Oil continues in an uptrend. The US Dollar Index continues to drift to the downside in the short term while US Treasuries push higher in an uptrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets trend lower at support.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe with the exception of the IWM which remains marking time sideways. On the shorter timeframe both the QQQ and SPY shift to short term consolidation with momentum divergences while the IWM muddles along. 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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