5 Trade Ideas for Monday: CME, eBay, GE, P&G and Shopify

• Posted by Greg Harmon
• on March 19th, 2023

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

CME Group, Ticker: $CME

CME Group, $CME, comes into the week at resistance. It has a RSI on the cusp of the bullish zone with the MACD positive and crossing up. Look for a break over resistance to participate…..

eBay, Ticker: $EBAY

eBay, $EBAY, comes into the week rounding up off a low. It has a RSI rising in the bearish zone with the MACD curling to cross up. Look for continuation to participate…..

General Electric, Ticker: $GE

General Electric, $GE, comes into the week consolidating in a narrow range. It has a RSI in the bullish range with the MACD positive and level. Look for a range break to participate…..

Procter & Gamble, Ticker: $PG

Procter & Gamble, $PG, comes into the week at resistance. It has a RSI rising to the bullish zone with the MACD negative but rising. Look for a push over resistance to participate…..

Shopify, Ticker: $SHOP

Shopify, $SHOP, comes into the week at resistance. It has a RSI rising at the midline with the MACD 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 with the March Quad Witching in the books, saw equity markets showed mixed results in a volatile week.

Elsewhere look for Gold to continue its uptrend while Crude Oil moves lower. The US Dollar Index continues to trend lower while US Treasuries hold in broad consolidation. The Shanghai Composite looks to consolidate while Emerging Markets move to the downside.

The Volatility Index looks to remain elevated making the path harder for equity markets to the upside. Their charts are mixed on the shorter timeframe with the QQQ showing strength while the SPY remains in a pullback and the IWM is trending lower. On the longer timeframe both the QQQ and SPY remain in a short term uptrend with the QQQ leading, while the IWM is in a sideways broad consolidation. 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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