5 Trade Ideas for Monday: AIG, Edwards Lifesciences, Alphabet, Global Payments and Meta

• Posted by Greg Harmon
• on April 9th, 2023

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

AIG, Ticker: $AIG

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

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, comes into the week approaching resistance and the 200 day SMA. It has a RSI in the bullish zone and a MACD positive and rising. Look for a push over resistance to participate…..

Alphabet, Ticker: $GOOGL

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

Global Payments, Ticker: $GPN

Global Payments, $GPN, comes into the week rising to resistance. It has a RSI rising through the midline with the MACD negative but rising. Look for a push over resistance to participate…..

Meta Platforms, Ticker: $META

Meta Platforms, $META, comes into the week at resistance. It has a RSI in the bullish zone with the MACD flat but 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 with the first week of April in the books, saw equity markets were mixed with the large caps and tech focused indexes digesting gains while the small caps took a blow to the body.

Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates the renewed move higher. The US Dollar Index looks to continue to move lower while US Treasuries test the top of broad consolidation. The Shanghai Composite looks to also test the top of consolidation while Emerging Markets continue sideways.

The Volatility Index looks to remain stable and low making the path easier for equity markets to the upside. The charts of the SPY and QQQ remain strong on the longer timeframe while on the shorter timeframe both remain in short term consolidation. The IWM remains weaker holding in consolidation after a failed short term move higher. 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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