5 Trade Ideas for Monday: Boeing, Biogen, Blackrock, BorgWarner and CBOE

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

Boeing, Ticker: $BA

Boeing, $BA, comes into the week breaking short term resistance. It has an RSI in the bullish zone and the MACD positive period look for continuation to participate…

Biogen, Ticker: $BIIB

Biogen, $BIIB, comes into the week approaching resistance. It has an RSI in the bullish zone and a MACD positive period look for a break of resistance to participate…

Blackrock, Ticker: $BLK

Blackrock, $BLK, comes into the week breaking short term resistance. It has an RSI and the bullish zone and the MACD positive period look for continuation to participate…

BorgWarner, Ticker: $BWA

BorgWarner, $BWA, comes into the week breaking resistance. It has an RSI in the bullish zone and a MACD positive period look for continuation to participate…

CBOE, Ticker: $CBOE

CBOE, $CBOE, comes into the week breaking resistance. It has an RSI in the bullish zone and a MACD positive and climbing. Look for continuation 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 bulk of the 1st Quarter earnings in the rearview mirror and heading into next week’s May options expiration, saw equities continue to act strong and tacking on more new all-time highs for the fourth week in a row.

Elsewhere, look for Gold to continue walking the fence between a downtrend and digestion in the uptrend while Crude Oil bounces around in broad consolidation under $100/bbl. The US Dollar Index looks to continue to drift lower in consolidation while US Treasuries continue to hold over 16 month support like nothing is happening. The Shanghai Composite looks to continue a short term uptrend closing in on the 2026 top and a new 11 year high while Emerging Markets push to new highs in their uptrend.

The Volatility Index looks to continue in the normal zone removing all the pressure on equities. The charts of the SPY, the QQQ and the IWM continue to look extremely strong on the longer timeframe with a 6th positive week moving to new highs. On the shorter timeframe the SPY, the QQQ and the IWM also look very strong but with overheated momentum and may need a pause. 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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