Dragonfly Capital - 5 Trade Ideas for Monday: Conagra, CBOE, F5, JB Hunt and Nike
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Conagra, Ticker: $CAG
Conagra, $CAG, comes into the week at resistance. It has a RSI rising through the midline with the MACD about to go positive. Look for a push over resistance to participateā¦..
CBOE, Ticker: $CBOE
CBOE, $CBOE, comes into the week at an all-time high. The RSI is in the bullish zone with the MACD positive. Look for continuation to participateā¦..
F5, Ticker: $FFIV
F5, $FFIV, comes into the week at resistance. It has a RSI rising at the midline with the MACD crossed up. Look for a break of resistance to participateā¦..
JB Hunt, Ticker: $JBHT
JB Hunt, $JBHT, comes into the week rising to resistance. It has a RSI rising with the MACD crossing up. Look for a break of resistance to participateā¦..
Nike, Ticker: $NKE
Nike, $NKE, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. 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 just 2 months left in the year, saw equity markets showing strength with a strong rebound after a weak October.
Elsewhere look for Gold to continue to consolidate at the highs while Crude Oil enters a short term downtrend. The US Dollar Index is in a possible reversal lower while US Treasuries bounce in their downtrend. The Shanghai Composite and Emerging Markets both look to continue their bounces in their downtrends.
The Volatility Index looks to remain low after a sharp reversal making the path easier for equity markets to the upside. Their charts also look strong, especially on the shorter timeframe with strong volume breakaway moves higher. On the longer timeframe both the QQQ and SPY are on the cusp of reversals while the IWM also looks strong. Use this information as you prepare for the coming week and tradāem well.













