5 Trade Ideas for Monday: Edwards Lifesciences, Halliburton, Nasdaq, NVIDIA and Patterson-UTI Energy

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

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, comes into the week moving up from a pullback. It has a RSI into the bullish zone with the MACD about to cross to positive. Look for continuation to participate…

Halliburton, Ticker: $HAL

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

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, comes into the week at resistance. It has a RSI entering the bullish zone with the MACD positive. Look for a push over resistance to participate…

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, comes into the week testing resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Patterson-UTI Energy, Ticker: $PTEN

Patterson-UTI Energy, $PTEN, comes into the week approaching 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 one week left in April and ceasefire talks set in Pakistan, saw equities show continued strength driving to new all-time highs for the second week in a row.

Elsewhere, look for Gold to continue recovering from the pullback but testing traders patience while Crude Oil attempts to right itself after last week’s freefall. The US Dollar Index looks to continue to drift in consolidation while US Treasuries continue to hold over 16 month support like nothing is happening. The Shanghai Composite looks to continue a short term uptrend closing in on the 2025 top while Emerging Markets push to new highs in their uptrend.

The Volatility Index looks to continue in the normal zone removing all the pressure on equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe with a 4th positive week moving to new highs. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong but continue to show overheated momentum, and may need a pause. 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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