5 Trade Ideas for Monday: AbbVie, Airbnb, Affirm, GE Aerospace and Walmart

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

AbbVie, Ticker: $ABBV

AbbVie, $ABBV, comes into the week moving up over resistance. It has an RSI in the bullish zone and a MACD positive. Look for a continuation to participate…

Airbnb, Ticker: $ABNB

Airbnb, $ABNB, comes into the week pushing over resistance. It has an RSI at the midline and the MACD negative and crossed up. Look for continuation to participate…

Affirm, Ticker: $AFRM

Affirm, $AFRM, comes into the week breaking over resistance. It has an RSI in the bullish zone and a MACD positive. Look for continuation to participate…

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week rounding up out of a pullback. It has an RSI in the bear zone and the MACD negative. Look for continuation to participate…

Walmart, Ticker: $WMT

Walmart, $WMT, comes into the week pushing over resistance. It has an RSI in the bullish zone with the MACD positive. 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 heading into the start of earnings season saw equity markets prepped for more upside with seasonal sentiment now headed into an historically strong period in the election cycle.

Elsewhere, look for Gold to continue a pause in the short term move lower with Crude Oil pausing in the short term move higher. The US Dollar Index looks to continue to work to push through the top of the zone on the verge of an uptrend while US Treasuries hold at 24 year high yields and all-time lows in price for the Treasury Bond ETF. The Shanghai Composite looks set to continue in consolidation after the holidays while Emerging Markets continue to show risk to the uptrend.

The Volatility Index looks to continue low in the normal zone, near the lows of the year keeping a tailwind behind equities. The charts of the SPY and the QQQ are looking stronger after breaking their flags over support on the shorter timeframe, while the IWM is finding some footing in the short term downtrend. The SPY and QQQ continue to look strong on the longer timeframe with both the SPY and QQQ making new highs while the IWM continues to show some signs of managing the risk to the 19 month uptrend. 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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