- Posted by Greg Harmon
- on January fifteenth, 2024
5 Trade concepts excerpted from the detailed evaluation and plan for premium subscribers:
Arch Capital Group, Ticker: $ACGL
Arch Capital Group, $ACGL, comes into the week at resistance. It has an RSI on the midline with the MACD rising however adverse. Look for a push over resistance to take part…..
Cboe Global Markets, Ticker: $CBOE
Cboe Global Markets, $CBOE, comes into the week breaking resistance. It has an RSI within the bullish zone with the MACD constructive. Look for continuation to take part…..
Gilead Sciences, Ticker: $GILD
Gilead Sciences, $GILD, comes into the week approaching resistance. It has an RSI within the bullish zone with the MACD constructive. Look for a push over resistance to take part…..
IBM, Ticker: $IBM
IBM, $IBM, comes into the week breaking resistance. It has an RSI within the bullish zone with the MACD constructive. Look for continuation to take part…..
Sherwin-Williams, Ticker: $SHW
Sherwin-Williams, $SHW, comes into the week transferring larger. It has an RSI within the bullish zone with the MACD constructive. Look for continuation to take part…..
Up Next: Bonus Idea
If you want what you see join extra concepts and deeper evaluation utilizing the Get Premium button above.
After reviewing over 1,000 charts, I’ve discovered some good setups for the week. These had been chosen and ought to be seen within the context of the broad Market Macro image reviewed Friday which heading into January choices expiration, noticed fairness markets break up with energy within the giant caps and tech heavy Nasdaq, however small caps persevering with to tread water.
Elsewhere search for Gold to proceed the rebound larger whereas Crude Oil consolidates in a decent vary. The US Dollar Index continues to float to the draw back in consolidation whereas US Treasuries presumably reverse their uptrend. The Shanghai Composite seems to proceed the downtrend whereas Emerging Markets consolidate in a broad vary.
The Volatility Index seems to stay very low and steady making the trail simpler for fairness markets to the upside. The charts of the SPY and QQQ look sturdy, particularly on the longer timeframe. On the shorter timeframe each the QQQ and SPY may succumb to momentum divergences within the quick run. The IWM continues to wrestle, caught in a 21 month vary. Use this info as you put together for the approaching week and commerce’em effectively.
If you want what you see above join deeper evaluation and buying and selling technique through the use of the Get Premium button above. As at all times you may see particulars of particular person charts and extra on my StockTwits web page.
The info on this weblog submit represents my very own opinions and doesn’t comprise a suggestion for any specific safety or funding. I or my associates might maintain positions or different pursuits in securities talked about within the Blog, please see my Disclaimer web page for my full disclaimer.
#Trade #Ideas #Tuesday #Arch #Capital #CBOE #Gilead #IBM #SherwinWilliams