5 Trade Ideas for Monday: Air Products, Clorox, Fedex, Graco and Prudential

• Posted by Greg Harmon
• on November 17th, 2024

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

Air Products, Ticker: $APD

Air Products, $APD, comes into the week rounding out of a pullback. It has a RSI in the bullish zone with the MACD curling to cross up. Look for continuation to participate…

Clorox, Ticker: $CLX

Clorox, $CLX, comes into the week pressing through resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Fedex, Ticker: $FDX

Fedex, $FDX, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Graco, Ticker: $GGG

Graco, $GGG, 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…

Prudential Financial, Ticker: $PRU

Prudential Financial, $PRU, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a break 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 November options expiration in the books, saw equity markets show some weakness as they reacted to Chairman Powell’s comments about not being in a hurry to cut rates.

Elsewhere look for Gold to continue its pullback in the uptrend while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries hold in consolidation. The Shanghai Composite looks to continue the short term move higher while Emerging Markets maintain their short term uptrend.

The Volatility Index looks to remain low making the path easier for equity markets to the upside. Their charts continue to look strong, especially on the longer timeframe. On the shorter timeframe the SPY, QQQ and IWM are all digesting the post-election euphoria and coming back to retest the breakouts. 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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