5 Trade Ideas for Monday: Costco, Generac,Match, PayPal and Block

• Posted by Greg Harmon
• on November 13th, 2022

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

Costco, Ticker: $COST

Costco, $COST, comes into the week making a higher high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Generac, Ticker: $GNRC

Generac, $GNRC, comes into the week moving up off a low. It has a RSI rising with the MACD negative but moving higher. Look for continuation to participate…..

Match, Ticker: $MTCH

Match, $MTCH, comes into the week pressing on resistance. It has a RSI rising and the MACD approaching zero. Look for a push over resistance to participate…..

PayPal, Ticker: $PYPL

PayPal, $PYPL, comes into the week pressing on trend resistance. It has a RSI rising and the MACD crossed up. Look for continuation higher to participate…..

Block, Ticker: $SQ

Block, $SQ, comes into the week breaking resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for continuation to participate…..

Up Next: Bonus Idea

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 November Options Expiry and the last week before the holiday season, saw equity markets showed exuberance as inflation data for October suggested the Fed is winning its battle.

Elsewhere look for Gold to continue its move to the upside while Crude Oil consolidates. The US Dollar Index looks to continue to move lower while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets bounce in their downtrend.

The Volatility Index looks to continue its path back to the normal range making the path easier for equity markets to the upside. Their charts look much stronger, especially on the longer timeframe. On the shorter timeframe the SPY is leading the charge higher followed by the IWM . The QQ has been the laggard but is now breaking a 2 month resistance zone to the upside. 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.

blog comments powered by Disqus