5 Trade Ideas for Monday:Ā GE Aerospace, Corning, Interactive Brokers, Jabil and Johnson Controls
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
GE Aerospace, $GE, comes into the week breaking to a new all-time high. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participateā¦
Corning, $GLW, comes into the week moving over resistance after a pullback. It has a RSI in the bullish zone and a MACD positive. Look for continuation to participateā¦
Interactive Brokers, $IBKR, comes into the week at resistance. It has a RSI rising and a MACD positive. Look for a push over resistance to participateā¦
Jabil, $JBL, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participateā¦
Johnson Controls International, $JCI, comes into the week at 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 broadĀ Market MacroĀ picture reviewed Friday which with 2025 in the books and just 1 trading day into the New Year, equity markets showed modest weakness as they drifted lower in Holiday trading.
Elsewhere, look for Gold to continue the uptrend move toward new all-time highs while Crude Oil holds at the bottom of consolidation, threatening a renewed downtrend. The US Dollar Index continues the short term drift to the upside in consolidation while US Treasuries continue in consolidation and looking better lower. The Shanghai Composite looks to continue the sideways motion in the uptrend while Emerging Markets may be on the edge of renewing their uptrend.
The Volatility Index looks to continue to hold low in the normal range making it easier for equities to move higher. The charts of the SPY, the IWM and the QQQ remain strong on the longer timeframe. On the shorter timeframe the SPY, the QQQ continue to consolidate in the longer term uptrend. The IWM is at greater risk, having bounce from a lower low. Use this information as you prepare for the coming week and tradāem well.
