5 Trade Ideas for Monday: Airbnb, Amazon, Haliburton, Voya and Wells Fargo

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

Airbnb, Ticker: $ABNB

Airbnb, $ABNB, comes into the week at resistance. It has an RSI in the bullish zone with a MACD positive. Look for a pushover resistance to participate…

Amazon, Ticker: $AMZN

Amazon, $AMZN, comes into the week at short term resistance. It has an RSI in the bullish zone with the MACD positive. Look for a pushover resistance to participate…

Haliburton, Ticker: $HAL

Haliburton, $HAL, comes into the week at resistance. It has an RSI in the bullish zone and a MACD positive. Look for a pushover resistance to participate…

Voya Financial, Ticker: $VOYA

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

Wells Fargo, Ticker: $WFC

Wells Fargo, $WFC, comes into the week rounding up from a pullback. It has an RSI rising through the midline and a MACD negative and curling to cross up. Look for continuation to participate…

Up Next: Bonus Idea                                                                                        

The Best

If you like what you see sign up for more ideas and deeper analysis using the Get Premium button above.   

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 Fed Jackson Hole Economic Symposium in the books and only 1 trading day left in August, saw equity markets remain a bit unsettled but biased higher, following continued confusion about the Fed’s focus.

Elsewhere, look for Gold to pause or reverse in its uptrend with Crude Oil consolidating. The US Dollar Index looks to continue the week’s strengthening while US Treasuries hold the move lower at 22 year lows in price. The Shanghai Composite looks to continue the move higher while Emerging Markets pause in their uptrend.

The Volatility Index looks to continue in the normal zone at the lows of the year keeping a slight tailwind behind equities. The chart of the SPY and QQQ are slowly rising with the short term SMA on the shorter timeframe, while the IWM is falling back below it. They all continue to look strong on the longer timeframe consolidating at the 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.

blog comments powered by Disqus
Dragonfly Caps Blog