5 Trade Ideas for Tuesday: Ally, Electronic Arts, F5, GE and Interactive Brokers

• Posted by Greg Harmon
• on February 15th, 2021

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

Ally Financial, Ticker: $ALLY

Ally Financial, $ALLY, rose to a top in January and then had a minor pullback. It reversed and is now making new highs as it breaks consolidation. The RSI is rising in the bullish zone and the MACD is flat but positive. Look for continuation to participate…..

Electronic Arts, Ticker: $EA

Electronic Arts, $EA, topped in August and then fell back through the 200 day SMA before finding support. It reversed in November and is now back at the highs. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a new high to participate…..

F5 Networks, Ticker: $FFIV

F5 Networks, $FFIV, gapped up in November and ran and then gapped up again in January to move to a top later that month. It pulled back from there to the 20 day SMA and reversed again. It is back at the prior high with the RSI rising and bullish and the MACD crossing up. Look for continuation to participate…..

General Electric, Ticker: $GE

General Electric, $GE, started rising in October and ran to a December top. After a minor pullback it moved up into a Diamond and is looking to break higher as the week starts. The RSI is rising and bullish with the MACD lifting. look for a push over resistance to participate…..

Interactive Brokers, Ticker: $IBKR

Interactive Brokers, $IBKR, has rolled out of the bottom it found in March and is now running higher. The stock broke to a higher high and fell back, retesting the breakout, before reversing Friday. The RSI is rising in the bullish zone with the MACD moving higher and positive. Look for a push to new highs 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 President’s Day weekend saw equity markets continuing to look very strong.

Elsewhere look for Gold to continue its pullback while Crude Oil moves to the upside. The US Dollar Index may be pausing in the downtrend while US Treasuries continue their trend lower. The Shanghai Composite looks to resume its uptrend after the Lunar New Year holiday while Emerging Markets continues to march to new all-time highs.

The Volatility Index looks to remain very low and drifting toward a pandemic gap fill, making the path easier for equity markets to the upside. Their charts continue to look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY are moving back higher again while the IWM pauses to catch its breath over support. 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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