5 Trade Ideas for Monday: Arch Capital, Arconic, Burlington Stores, Jazz Pharma and KBR

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

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

Arch Capital, Ticker: $ACGL

Arch Capital, $ACGL, comes into the week at resistance. It has a RSI moving into the bullish zone and a MACD lifting. Look for a push over resistance to participate…..

Arconic, Ticker: $ARNC

Arconic, $ARNC, comes into the week moving through resistance. The RSI is rising towards the bullish zone with the MACD about to cross to positive. Look for continuation to participate…..

Burlington Stores, Ticker: $BURL

Burlington Stores, $BURL, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive and climbing. Look for a push over resistance to participate…..

Jazz Pharmaceuticals, Ticker: $JAZZ

Jazz Pharmaceuticals, $JAZZ, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD flat and positive. Look for a push over resistance to participate…..

KBR, Ticker: $KBR

KBR, $KBR, comes into the week at an all-time high. The RSI is rising in the bullish zone and the MACD is 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 with April Options Expiration in the books, saw equity markets with more weakness.

Elsewhere look for Gold to continue its uptrend while Crude Oil pulls back in its uptrend. The US Dollar Index continues to move to the upside while US Treasuries continue to trend lower. The Shanghai Composite looks to continue a short term trend lower while Emerging Markets resume their downtrend.

The Volatility Index is slightly elevated making the path moderately more difficult for equity markets to the upside. The charts of the large cap Indexes are showing more weakness on both timeframes. On the shorter timeframe both the SPY is in a slightly stronger position than the QQQ. The IWM is showing relative strength consolidating in the lower 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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