5 Trade Ideas for Tuesday: Apple, Cummins, Deere, Edwards Lifesciences and Goldman Sachs

• Posted by Greg Harmon
• on February 17th, 2025

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

Apple, Ticker: $AAPL

Apple, $AAPL, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD positive. Look for a push over resistance to participate…

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance. It has a RSI rising into the bullish zone with the MACD positive. Look for a push over resistance to participate…

Deere, Ticker: $DE

Deere, $DE, 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…

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, comes into the week piercing resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Goldman Sachs, Ticker: $GS

Goldman Sachs, $GS, 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…

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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 Washington’s Birthday weekend and February options expiration, saw equity markets show strength with a rebound from more talk of tariffs and a rough inflation print.

Elsewhere look for Gold to possibly pullback or pause in the uptrend while Crude Oil consolidates in a broad range. The US Dollar Index looks to drift to the downside testing a breakout level that launched the uptrend while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term move higher in broad consolidation while Emerging Markets continue a short term move higher.

The Volatility Index looks to remain low and stable, making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe with the SPY and QQQ leading the charge. On the shorter timeframe both the QQQ and SPY ended the week pennies from new all-time highs. The IWM, however, continues to muddle along in a range. 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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