5 Trade Ideas for Monday: BONY, Citi, Five Below, GE Aerospace and United Airlines

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

Bank of NY Mellon, Ticker: $BK

Bank of NY Mellon, $BK, 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…

Citigroup, Ticker: $C

Citigroup, $C, 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…

Five Below, Ticker: $FIVE

Five Below, $FIVE, 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…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week rising out of a pullback. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…

United Airlines, Ticker: $UAL

United Airlines, $UAL, 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…

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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 February in the books, saw equity markets show resilience recovering after a midweek trip up in a data light week.

Elsewhere, look for Gold to regroup around $5000/oz digesting the long move up while Crude Oil moves sideways in the consolidation range. The US Dollar Index is showing some strength rising off a 4 year low while US Treasuries continue to hold in the lower end of the consolidation zone and looking better lower. The Shanghai Composite looks to be pausing in the uptrend while Emerging Markets have reset momentum gauges look ready for new all-time highs in their uptrend.

The Volatility Index looks to continue to hold in the normal range making it easier for equities to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe with the IWM leading. On the shorter timeframe the IWM is also strongest holding over support. The SPY and QQQ continue to move in consolidation just under their highs. 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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