5 Trade Ideas for Tuesday: Applied Materials, Boston Scientific, Colgate, DaVita and Goldman Sachs

• Posted by Greg Harmon
• on January 17th, 2022

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

Applied Materials, Ticker: $AMAT

Applied Materials, $AMAT, comes into the week at an all-time high. The RSI is rising in the bullish zone with the MACD positive and climbing. Look for continuation to participate…..

Boston Scientific, Ticker: $BSX

Boston Scientific, $BSX, comes into the week attempting to make a higher high. The RSI is rising in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Colgate-Palmolive, Ticker: $CL

Colgate-Palmolive, $CL, comes into the week bouncing off support. The RSI is reversing higher in the bullish zone with the MACD positive but dropping. Look for continuation to participate…..

DaVita, Ticker: $DVA

DaVita, $DVA, comes into the week rising to resistance at the 200 day SMA. The RSI is in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

Goldman Sachs, Ticker: $GS

Goldman Sachs, $GS, comes into the week printing a Hammer at the 200 day SMA. The RSI is falling with the MACD crossed down. Look for a reversal 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 heading into a short week and January options expiration, saw equity markets showing early promise but failing to hold the early week gains.

Elsewhere look for Gold to continue its rise in consolidation while Crude Oil drives higher. The US Dollar Index continues a pullback in the uptrend while US Treasuries pullback in a consolidation range. The Shanghai Composite looks to pullback in consolidation while Emerging Markets bounce in the downtrend.

The Volatility Index looks to remain in the normal range taking the pressure off equity markets. Their charts continue to show strength in the longer timeframe but with short term weakness. The IWM and QQQ look the weakest on the short timeframe with the SPY faring slightly better. 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