5 Trade Ideas for Monday: JB Hunt, Norfolk Southern, Northern Trust, Sensata and Vulcan Materials

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

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, 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…

Norfolk Southern, Ticker: $NSC

Norfolk Southern, $NSC, comes into the week pushing up through resistance. It has a RSI rising toward the bullish zone with the MACD negative. Look for continuation to participate…

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, 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…

Sensata Technologies, Ticker: $ST

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

Vulcan Materials, Ticker: $VMC

Vulcan Materials, $VMC, comes into the week moving higher over support. It has a RSI in the bullish zone with the MACD positive. 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 heading into the next round of earnings season and amidst an unusual ceasefire, saw equities show strength to follow up last week’s green shoots.

Elsewhere, look for Gold to continue to recover from the pullback while Crude Oil hangs on to the uptrend, pulling back in consolidation. The US Dollar Index looks to continue to drift lower in consolidation while US Treasuries hold over 15 month support like nothing is happening. The Shanghai Composite looks to continue a short term downtrend at possible support while Emerging Markets reverse higher to resume their uptrend.

The Volatility Index looks to continue to improve, moving out of elevated territory relieving the pressure on equities. The charts of the SPY and the QQQ are adding to their gains off the March bottom on the longer timeframe as bearish momentum transitions to bullish while the IWM continues to resume its uptrend. On the shorter timeframe the SPY and the QQQ made a major move over key moving averages and looks primed to continue, while the IWM holds its head above them with relative strength rising out of the bottom. 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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