5 Trade Ideas for Monday: Jinko Solar, Match, Radian, Reliance and TKO

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

JinkoSolar, Ticker: $JKS

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

Match Group, Ticker: $MTCH

Match Group, $MTCH, comes into the week rounding up from a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

Radian Group, Ticker: $RDN

Radian Group, $RDN, 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…

Reliance, Ticker: $RS

Reliance, $RS, comes into the week breaking resistance. It has a RSI rising over the midline with the MACD negative and climbing. Look for continuation to participate…

TKO Group, Ticker: $TKO

TKO Group, $TKO, 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 which with the first week of September in the books, saw equity markets held firm with some minor midweek profit taking despite some dismal employment data.

Elsewhere, look for Gold to continue the renewed uptrend while Crude Oil drifts in consolidation. The US Dollar Index continues to base , a change of character to consolidation, while US Treasuries continue to consolidate in their downtrend. The Shanghai Composite looks to continue the uptrend to new 10 year highs while Emerging Markets also continue their uptrend.

The Volatility Index looks to continue to hold at low levels, making life easier for equity markets to the upside. The chart of the SPY continues to look strong on both timeframes, closing just under Thursday’s all-time high but with some signs of consolidation. The QQQ has a short term warning sign with momentum fading as it consolidates over support but remains strong on the longer timeframe. The IWM more closely resembles the SPY, strong on both timeframes with some possible short term consolidation creeping in but measured against its 8½ month high. Use this information as you prepare for the coming week and trad’em well.

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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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