5 Trade Ideas for Tuesday: GE Aerospace Howmet, Monster, Nasdaq and Nutrien

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

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week with a bullish engulfing candle under resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Howmet Aerospace, Ticker: $HWM

Howmet Aerospace, $HWM, 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…

Monster Beverage, Ticker: $MNST

Monster Beverage, $MNST, 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…

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, 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…

Nutrien, Ticker: $NTR

Nutrien, $NTR, 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 heading into the unofficial start of summer, saw equity markets showing they could use a long weekend to recover.

Elsewhere look for Gold to continue its uptrend while Crude Oil continues to trend lower. The US Dollar Index continues a short term move to the downside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue in consolidation while Emerging Markets remain on the cusp of breaking consolidation to the upside.

The Volatility Index looks to continue in the normal range, but with an upside bias, removing the stimulus for equity markets to the upside. Their charts show short term strength on the longer timeframe with digestion in the shorter timeframes. The IWM continues to lag the SPY and QQQ in recovery in price and the shift to bullish momentum on the longer timeframe. The classic “V” recovery continues to build in all 3 Index ETFs as the SPY and QQQ close in on their all-time highs. 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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