5 Trade Ideas for Monday: eBay, Gilead, Murphy USA, Champion Homes and Snowflake

• Posted by Greg Harmon
• on February 2nd, 2025

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

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week rising toward resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and rising. Look for a break over resistance to participate…

Murphy USA, Ticker: $MUSA

Murphy USA, $MUSA, comes into the week at short term resistance. It has a RSI rising through the midline with the MACD crossed up and negative. Look for a push through resistance to participate…

Champion Homes, Ticker: $SKY

Champion Homes, $SKY, comes into the week at resistance. It has a RSI rising through the midline with the MACD rising and negative. Look for a push over resistance to participate…

Snowflake, Ticker: $SNOW

Snowflake, $SNOW, 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 January in the books, saw equity markets show resilience with a rebound from an ugly start Monday only to end the week on a sour note.

Elsewhere look for Gold to continue its move to new highs while Crude Oil drops in a broad consolidation range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to re-open and continue the sideways consolidation while Emerging Markets continue a short term move lower.

The Volatility Index looks to remain low and stable, making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe. On the shorter timeframe the SPY, the QQQ and the IWM all look to be in a short term consolidation, disappointing after what looked at midweek like a renewed short term uptrend. 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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