5 Trade Ideas for Monday: Agilent, BlackRock, Danaher, JP Morgan and Oracle
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Agilent Technologies, Ticker: $A
Agilent Technologies, $A, comes into the week pressing a higher high. It has a RSI rising to the midline with the MACD crossed up. Look for a move up out of consolidation to participateā¦..
BlackRock, Ticker: $BLK
BlackRock, $BLK, comes into the week near resistance after a move off the 200 day SMA. The RSI is rising in the bullish zone with the MACD positive. Look for a push higher to participateā¦..
Danaher, Ticker: $DHR
Danaher, $DHR, comes into the week at the gap fill from the end of September. It has a RSI on the edge of the bullish zone with the MACD crossed up. Look for continuation to participateā¦..
JP Morgan, Ticker: $JPM
JP Morgan, $JPM, comes into the week making a new all-time high. It has a RSI rising in the bullish zone and a MACD positive and crossed up. Look for continuation to participateā¦..
Oracle, Ticker: $ORCL
Oracle, $ORCL, comes into the week at an all-time high as well. It has a RSI strong in the bullish zone and a MACD positive and rising. Look for continuation 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 one week left in October, saw equity markets with continued strength.
Elsewhere look for Gold to continue its short term consolidation while Crude Oil continues in an uptrend. The US Dollar Index to pullback in the short term uptrend while US Treasuries consolidate in the downtrend. The Shanghai Composite looks to continue to mark time in a broad range while Emerging Markets pullback in a long term uptrend.
The Volatility Index looks to remain very low making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong, especially on the longer timeframe. On the shorter timeframe the QQQ looks in for a pause. The IWM remains stuck in broad consolidation but with some positive progress at the top of the recent range. Use this information as you prepare for the coming week and tradāem well.











