5 Trade Ideas for Monday: BHP, CF, Enphase, J&J and LPL

• Posted by Greg Harmon
• on September 25th, 2022

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

BHP Group, Ticker: $BHP

BHP Group, $BHP, comes into the week touching at 3 month support. The RSI is falling and bearish with the MACD negative. Look for a break of support to participate…..

CF Industries, Ticker: $CF

CF Industries, $CF, comes into the week falling near a 2 month low. The RSI is dropping in the bearish zone and the MACD is negative and falling. Look for continuation to participate…..

Enphase Energy, Ticker: $ENPH

Enphase Energy, $ENPH, comes into the week at support. The RSI is falling with the MACD crossed down and dropping. Look for a drop through support to participate…..

Johnson & Johnson, Ticker: $JNJ

Johnson & Johnson, $JNJ, comes into the week pressing against resistance. The RSI is rising over the midline with the MACD climbing. Look for a push through resistance to participate…..

LPL Financial, Ticker: $LPLA

LPL Financial, $LPLA, comes into the week pulling back to support. The RSI is dropping through the midline with the MACD falling. Look for a drop through support 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 one week of trading left in the 3rd Quarter, saw equity markets continue to get pummeled as they re-approach the lows of the year following the September FOMC meeting.

Elsewhere look for Gold to continue its downtrend while Crude Oil continues lower as well. The US Dollar Index continues to push to the upside while US Treasuries pullback in their downtrend. The Shanghai Composite looks to continue the trend lower while the Emerging Markets downtrend persists.

The Volatility Index is elevated and looking to move higher making the path easier for equity markets to the downside. Their charts continue to look weak, especially on the longer timeframe. On the shorter timeframe the IWM, QQQ and SPY could us a reset on momentum measures as all three are extended to the downside. All three continue to trade in lockstep.  Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

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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