5 Trade Ideas for Monday: Baker Hughes, Berkshire Hathaway, Alphabet, Hess and Humana

• Posted by Greg Harmon
• on August 14th, 2022

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

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, comes into the week rising to resistance. It has a RSI rising at the midline with the MACD moving higher. Look for a push through resistance to participate…..

Berkshire Hathaway, Ticker: $BRK/B

Berkshire Hathaway, $BRK/B, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Alphabet, Ticker: $GOOGL

Alphabet, $GOOGL, comes into the week after breaking resistance higher. It has a RSI rising in the bullish zone with the MACD positive and rising. Look for continuation to participate…..

Hess, Ticker: $HES

Hess, $HES, comes into the week approaching resistance. It has a RSI rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

Humana, Ticker: $HUM

Humana, $HUM, comes into the week at resistance. It has a RSI rising in the bullish zone with the MACD positive and crossing up. 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 August Options Expiry, saw equity markets responded to the inflation data with strong moves to the upside and their first intermediate term higher highs since the all-time highs.

Elsewhere look for Gold to consolidate while Crude Oil continues the downtrend. The US Dollar Index continues the pullback in the uptrend while US Treasuries consolidate in their downtrend. The Shanghai Composite looks ready for a short term move higher while Emerging Markets may also be reversing higher.

The Volatility Index looks to continue to move lower in the normal range making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe momentum is starting to get a bit hot so the SPY, IWM and QQQ may be ready for a pause. 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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