5 Trade Ideas for Monday: AMD, CBOE, Capital One, Illumina and Microsoft

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

Advanced Micro Devices, Ticker: $AMD

Advanced Micro Devices, $AMD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…

Cboe Global, Ticker: $CBOE

Cboe Global, $CBOE, 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…

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, 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…

Illumina, Ticker: $ILMN

Illumina, $ILMN, 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…

Microsoft, Ticker: $MSFT

Microsoft, $MSFT, comes into the week at short term 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 earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets continue their break to the upside.

The Volatility Index looks to continue in the normal range making life easier for equity markets to the upside. The charts of the SPY and QQQ are showing strength on both timeframes as they continue to print new all-time highs. The IWM continues to lag the SPY and QQQ in recovery in price but is looking stronger as it moves higher as well. The classic “V” recovery continues to build 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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