5 Trade Ideas for Monday: CIENA, CME, Freeport, Fedex and Netflix

• Posted by Greg Harmon
• on April 5th, 2026

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

CIENA, Ticker: $CIEN

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

CME, Ticker: $CME

CME, $CME, comes into the week reversing out of a pullback. It has a RSI at the midline with the MACD negative. Look for continuation to participate…

Freeport-McMoRan, Ticker: $FCX

Freeport-McMoRan, $FCX, comes into the week rounding out of a pullback. It has a RSI rising and the MACD crossed up. Look for continuation to participate…

Fedex, Ticker: $FDX

Fedex, $FDX, comes into the week rounding out of a pullback. It has a RSI at the midline with the MACD crossing up. Look for continuation to participate…

Netflix, Ticker: $NFLX

Netflix, $NFLX, 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 with the shortened pre-Easter week in the books, saw equities show some green shoots after a 5 week run lower.

Elsewhere, look for Gold to continue to recover in the pullback while Crude Oil continues to surge bear 4 year highs and closing in on the 2008 all-time highs. The US Dollar Index looks to continue to press on resistance in consolidation while US Treasuries hold over 15 month support. The Shanghai Composite looks to continue a short term downtrend at possible support while Emerging Markets seek support in the pullback in their uptrend.

The Volatility Index looks to continue to improve in elevated territory keeping some pressure on equities. The charts of the SPY and the QQQ are finding their legs on the longer timeframe as bearish momentum improves while the IWM looks to resume its uptrend. On the shorter timeframe the SPY and the QQQ are showing signs of a nascent reversal though with lots of work left to do, while the IWM holds up with relative strength over is long term moving average in consolidation in its short term downtrend. 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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