5 Trade Ideas for Monday: Cigna, Coty, General Dynamics, Gilead and Global Payments

• Posted by Greg Harmon
• on February 12th, 2023

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

Cigna, Ticker: $CI

Cigna, $CI, comes into the week rounding up off a touch at the 200 day SMA. It has a RSI rising and a MACD turning to cross up. Look for continuation to participate…..

Coty, Ticker: $COTY

Coty, $COTY, comes into the week pushing on resistance. The RSI is strong in the bullish zone with the MACD flat. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, comes into the week at resistance. It has a RSI rising to the midline with the MACD crossed up. Look for a push over resistance to participate…..

Gilead Sciences, Ticker: $GILD

Gilead Sciences, $GILD, comes into the week at resistance. It has a RSI rising and a MACD crossed up. Look for a push over resistance to participate…..

Global Payment, Ticker: $GPN

Global Payment, $GPN, comes into the week at resistance. It has a RSI in the bullish zone with the MACD 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 the February options expiration, saw equity markets lost some of their strength, giving back some of the recent gains, but remained with a bullish bias.

Elsewhere look for Gold to pause in its pullback while Crude Oil consolidates in a tight. The US Dollar Index continues to drift to the upside in the downtrend while US Treasuries consolidate after their bounce move. The Shanghai Composite and Emerging Markets both look to consolidate in their uptrends.

The Volatility Index looks to remain stable in the normal range making the path easier for equity markets to the upside. Their charts are building bull flags on the shorter timeframe, consolidating the moves up. On the longer timeframe the SPY, IWM and QQQ all continue to hold over the November highs showing some strength. 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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