5 Trade Ideas for Monday: Blackstone, Edwards Lifesciences, HollyFrontier, Schneider National and Sempra Energy

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

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

Blackstone, Ticker: $BX

Blackstone, $BX, comes into the week trying to lift out of a bull flag. It has the RSI in the bullish zone with the MACD falling but positive. Look for continuation to participate…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, ended the week reversing higher with the RSI also turning back higher and bullish while the MACD levels in positive territory. Look for continuation to participate…..

HollyFrontier, Ticker: $HFC

HollyFrontier, $HFC, pulled back under the 200 day SMA in July and then consolidated. It ended the week at resistance with the RSI rising toward the bullish zone and the MACD close to turning positive. Look for a push over resistance to participate…..

Schneider National, Ticker: $SNDR

Schneider National, $SNDR, comes into the week pushing back to resistance. It has a RSI rising into the bullish zone and a MACD turning positive. Look for a push over resistance to participate…..

Sempra Energy, Ticker: $SRE

Sempra Energy, $SRE, comes into the week approaching resistance with the RSI rising toward the bullish zone and the MACD about to go 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 noted equity markets were a mixed bag this week as the market moved into the low volume dog days of August.

Elsewhere look for Gold to continue its bounce in the pullback while Crude Oil consolidates in a tight range. The US Dollar Index continues to consolidate after the move to the upside while US Treasuries may be resuming their uptrend. The Shanghai Composite looks to consolidate while Emerging Markets continue to pullback toward long term support.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. The charts of the SPY and the QQQ both look great on the longer timeframe with the SPY also looking good for more highs in the short run. The QQQ looks to continue to pause and digest at its highs. The IWM continues to look like the party pooper, stuck in a long flat consolidation that is nearing 8 months long without any change in sight. 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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