5 Trade Ideas for Tuesday: Amex, Boeing, First Solar, Nasdaq and Regeneron

• Posted by Greg Harmon
• on June 20th, 2022

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

American Express, Ticker: $AXP

American Express, $AXP, comes into the week making a lower low but with a strong Friday finish. The RSI is bouncing off oversold with the MACD negative. Look for continuation to participate…..

Boeing, Ticker: $BA

Boeing, $BA, comes into the week pushing up to resistance. It has a RSI rising at the midline with the MACD moving towards positive. Look for a push through resistance to participate….

First Solar, Ticker: $FSLR

First Solar, $FSLR, comes into the week bouncing off support. It has a RSI rising toward the midline with the MACD turning to cross up. Look for continuation to participate…..

Nasdaq, Ticker: $NDAQ

Nasdaq, $NDAQ, comes into the week holding at a higher low. The RSI is holding near the midline with the MACD negative but moving higher. Look for a push up to participate……

Regeneron Pharmaceuticals, Ticker: $REGN

Regeneron Pharmaceuticals, REGN, comes into the week moving up off a low. The RSI is rising in the bearish zone with the MACD turning to cross up. 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 the June options expiration in the books, watched equity markets accelerate to the downside.

Elsewhere look for Gold to consolidate while Crude Oil pulls back in the uptrend. The US Dollar Index looks to pause in its move higher while US Treasuries continue their downtrend. The Shanghai Composite looks to continue the trend higher while Emerging Markets continue to move lower. The Volatility Index looks to remain elevated making the path easier for equity markets to the downside.

Their charts look horrible, especially on the longer timeframe. On the shorter timeframe the IWM, the QQQ and the SPY could possibly consolidate or bounce next week due to the technical factors listed above to give a reset on momentum measures. But there should be no mistaking that for a reversal if they do, the trend remains to the downside. 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