5 Trade Ideas for Tuesday: Aflac, Coty, Chevron, Interactive Brokers and Tractor Supply

• Posted by Greg Harmon
• on December 26th, 2022

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

Aflac, Ticker: $AFL

Aflac, $AFL, comes into the week moving higher after a digestive pullback. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a new high to participate…..

Coty, Ticker: $COTY

Coty, $COTY, 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…..

Chevron, Ticker: $CVX

Chevron, $CVX, comes into the week moving higher. It has a RSI rising through the midline with the MACD crossing up. Look for continuation to participate…..

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, comes into the week moving higher. The RSI is rising at the midline with the MACD about to cross up. Look for continuation to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, comes into the week moving higher. It has a RSI in the bullish zone with the MACD turning up. 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 with 4 trading days left in 2022, saw equity markets showed some divergence. The SPY and IWM put in consolidation weeks, saved by end of week moves higher while the QQQ continued to move lower and is approaching a retest of the year’s low.

Elsewhere look for Gold to consolidate around 1800 while Crude Oil consolidates in the downtrend. The US Dollar Index looks to pause in the downtrend while US Treasuries resume the move lower. The Shanghai Composite looks to have reversed to a short term downtrend while Emerging Markets consolidate.

The Volatility Index looks to remain in a normal range making the path easier for equity markets to the upside. Their charts continue to look weak, especially the QQQ on the longer timeframe. On the shorter timeframe both the IWM and SPY are trying to consolidate and possibly put in a bottom, while the QQQ diverges as it continues lower. 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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