5 Trade Ideas for Monday: Bristol-Myers, FedEx, Honeywell, JP Morgan and Mastercard

• Posted by Greg Harmon
• on May 4th, 2025

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

Bristol-Myers Squibb, Ticker: $BMY

Bristol-Myers Squibb, $BMY, comes into the week rounding out a bottom. It has a RSI rising toward the midline with the MACD crossed up. Look for continuation to participate…

FedEx, Ticker: $FDX

FedEx, $FDX, comes into the week at resistance. It has a RSI at the midline with the MACD negative but rising. Look for a push over resistance to participate…

Honeywell, Ticker: $HON

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

JP Morgan, Ticker: $JPM

JP Morgan, $JPM, 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…

Mastercard, Ticker: $MA

Mastercard, $MA, 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 that saw with April in the books and the FOMC meeting next week, equity markets signaled that the bottom is in for this correction.

Elsewhere look for Gold to continue to digest its historic move higher while Crude Oil resumes a new downtrend under support. The US Dollar Index remains in a short term downtrend, failing to continue a reversal, while US Treasuries consolidate the downtrend. The Shanghai Composite looks to continue to consolidate in a tight range while Emerging Markets are poised for more upside in broad consolidation nearing resistance.

The Volatility Index looks to remain slightly elevated but moving lower making the path easier for equity markets to the upside. Their charts show short term strength on both timeframes. On the shorter timeframe the IWM, the QQQ and the SPY are breaking short term resistance on a shift to bullish momentum. On the longer timeframe the classic “V” recovery is showing up in all 3 Index ETFs. 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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