Market

Anthem, Activision Blizzard, BorgWarner, JB Hunt and Momentive Global

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Anthem, Ticker: $ANTM

Anthem, $ANTM, comes into the week at resistance after a shallow pullback. The RSI is strong in the bullish zone with the MACD flat after a pullback and positive. Look for a push over resistance to participate…..

Activision Blizzard, Ticker: $ATVI

Activision Blizzard, $ATVI, comes into the week after breaking resistance and moving into the gap. The RSI is rising with the MACD curling back higher. Look for continuation to participate…..

BorgWarner, Ticker: $BWA

BorgWarner, $BWA, comes into the week approaching resistance. It has the RSI rising into the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate….

JB Hunt, Ticker: $JBHT

JB Hunt, $JBHT, comes into the week at resistance. The RSI is rising in the bullish zone with the MACD level after a pullback. Look for a push over resistance to participate…..

Momentive Global, Ticker: $MNTV

Momentive Global, $MNTV, comes into the week breaking short term resistance. The RSI is rising in the bullish zone with the MACD curling to cross up and positive. Look for continuation to participate…..

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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 heading into the November options expiration week, equity markets showed resilience reversing an early week plunge.

Elsewhere look for Gold to continue its new uptrend while Crude Oil consolidates at the recent highs. The US Dollar Index also looks to continue its breakout higher while US Treasuries consolidate in their bounce. The Shanghai Composite looks to continue to churn sideways while Emerging Markets consolidate in a bull flag over long term support.

The Volatility Index looks to remain very low 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 look to have reversed a small pullback while the IWM still needs to trigger. Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


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