5 Trade Ideas for Monday: FedEx, Fiserv, Home Depot, HP and Unilever

• Posted by Greg Harmon
• on October 30th, 2022

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

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week at resistance. The RSI is rising and the MACD moving higher. Look for push over resistance to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, comes into the week making a higher high. The RSI is rising into the bullish zone with the MACD positive and moving up. look for continuation to participate…..

Home Depot, Ticker: $HD

Home Depot, $HD, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

HP, Ticker: $HPQ

HP, $HPQ, comes into the week rounding up toward resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Unilever, Ticker: $UL

Unilever, $UL, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Up Next: Bonus Idea

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 just one trading day left in October, saw equity markets put in a strong week for the second week in a row.

Elsewhere look for Gold to continue its pullback while Crude Oil consolidates. The US Dollar Index looks to pullback in the uptrend while US Treasuries bounce in their downtrend. The Shanghai Composite looks to continue lower while Emerging Markets remain in a downtrend.

The Volatility Index looks to continue lower and only slightly elevated making the path easier for equity markets to the upside. Their charts are looking stronger on the shorter timeframe, especially the IWM and SPY. The QQQ is only slightly weaker. All three look stronger on the weekly timeframe. 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.

blog comments powered by Disqus