4 Trade Ideas for Monday: Colgate, salesforce, Fidelity National and Fiserv

• Posted by Greg Harmon
• on July 18th, 2021

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

Colgate-Palmolive, Ticker: $CL

Colgate-Palmolive, $CL,continues higher off the 200 day SMA from June. It is now approaching resistance with the RSI rising in the bullish zone and the MACD positive and crossed up. Look for a push over resistance to participate…..

salesforce.com, Ticker: $CRM

salesforce.com, $CRM, topped at the beginning of the month after touching the February high, It is now moving lower with the RSI falling towards the bearish zone and the MACD about to go negative. look for a drop under support to participate…..

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, pulled back from a top in April at the retest of the September 2020 top. After finding support it is now breaking higher. The RSI is on the cusp of the bullish zone with the MACD positive and rising. Look for continuation to participate…..

Fiserv, Ticker: $FISV

Fiserv, $FISV, pulled back from a top in April and is now rounding out of a bottom. The RSI is rising toward the bullish zone with the MACD about to go positive. 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 as July options expiration and the first week of earnings season are in the books, saw equity markets came through them a bit worse for wear.

Elsewhere look for Gold to continue its short term uptrend while Crude Oil pulls back in its move higher. The US Dollar Index continues a short term move higher in consolidation while US Treasuries move to the upside. The Shanghai Composite looks to continue consolidation while Emerging Markets pullback as they consolidate over long term support.

The Volatility Index looks to remain low making the long term path easier for equity markets to the upside but drifting up to give them short term trouble. The SPY and QQQ charts continue to look strong on the longer timeframe, with the IWM testing support in its long consolidation. On the shorter timeframe both the QQQ and SPY are in pullbacks while the IWM is at risk for a bigger drop. 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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