5 Trade Ideas for Monday: AGCO, Cincinnati Financial,Ionis Pharma, Lululemon and NVIDIA
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
AGCO, Ticker: $AGCO
AGCO, $AGCO, 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 participateā¦
Cincinnati Financial, Ticker: $CINF
Cincinnati Financial, $CINF, 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 participateā¦
Ionis Pharmaceuticals, Ticker: $IONS
Ionis Pharmaceuticals, $IONS, comes into the week approaching resistance. It has a RSI at the midline with the MACD rising. Look for a push over resistance to participateā¦
Lululemon Athletica, Ticker: $LULU
Lululemon Athletica, $LULU, comes into the week breaking resistance at prior support. The RSI is in the bullish zone with the MACD rising and positive. Look for continuation to participateā¦
NVIDIA, Ticker: $NVDA
NVIDIA, $NVDA, 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 participateā¦
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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 just one full week of trading to go ahead of the election and November FOMC meeting, saw equity markets prepped to go into next week after one of choppy trading.
Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates at the bottom of a broad range. The US Dollar Index continues to move to the upside while US Treasuries pullback in consolidation. The Shanghai Composite looks to continue the short term move higher while Emerging Markets consolidate in their young uptrend.
The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY have reset on momentum measures as they move sideways. The IWM continues to disappoint with another sputtered break out reversing. Use this information as you prepare for the coming week and tradāem well.













