5 Trade Ideas for Tuesday: CrowdStrike Moderna, NVIDIA, Perrigo and Tractor Supply

• Posted by Greg Harmon
• on September 6th, 2021

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

CrowdStrike, Ticker: $CRWD

CrowdStrike, $CRWD, broke resistance and moved to a new high at the start of last week. It pulled back to retest the breakout and ended the week moving up. The RSI is rising in the bullish zone and the MACD is level but positive. look for continuation to participate…..

Moderna, Ticker: $MRNA

Moderna, $MRNA, ended the week breaking through 3 week long resistance. The RSI is rising in the bullish zone with the MACD curling back higher and positive. Look for continuation to participate…..

NVIDIA, Ticker: $NVDA

NVIDIA, $NVDA, ended the week at resistance and a new all-time high close. The RSI is holding strong in the bullish zone and then MACD flat but positive. Look for a push over resistance to participate…..

Perrigo, Ticker: $PRGO

Perrigo, PRGO, is rounding out of a bottom with the RSI rising toward the bullish zone and the MACD crossed up and moving higher. Look for continuation to participate…..

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, ended the week at prior resistance with the RSI rising in the bullish zone and the MACD crossing up and 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 Labor Day Weekend, the unofficial end of summer, saw equity markets showed strength across the board.

Elsewhere look for Gold to continue its short term move higher while Crude Oil also moves to the upside. The US Dollar Index continues to move lower while US Treasuries consolidate in their uptrend. The Shanghai Composite looks to continue the move higher in broad consolidation while Emerging Markets show signs of a possible reversal higher.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts also look strong, especially on the shorter timeframe. On the longer timeframe both the QQQ and SPY show strength as well with new weekly highs. The IWM is showing strong progress as it moves towards the top of the long consolidation 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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