Top Trade Ideas - Week Of November 18: BIIB, BRK/B, HES, RTN, V

Here are the Rest of the Top 10:

Biogen Idec, Ticker: BIIB


Biogen Idec, (BIIB), has been moving higher since the low made in June. Since then it has made a series of 3 higher highs and higher lows. Moving up again, it has support for more upside from the rising and bullish RSI and a MACD about to cross as it turns higher.

Berkshire Hathaway, Ticker: BRK/B


Berkshire Hathaway, (BRK/B), is creating a symmetrical triangle with the 50 and 100 day Simple Moving Averages (SMA) as the center line. With the RSI moving higher and the MACD about to cross to positive to support a break higher, a move over the top rail carries a target of 127.50.

Hess, Ticker: HES


Hess, (HES), had a steady move higher from the touch at the 200 day SMA in June before starting a pullback in mid October. The bull flag is now breaking higher with support of the rising RSI and the MACD about to cross up.

Raytheon, Ticker: RTN


Raytheon, (RTN), is consolidating after the last move up off of the 50 day SMA. The RSI is running flat at teh 70 level and the MACD looks as if it may be topping. Look both ways.

Visa, Ticker: V

Visa, (V), is moving higher after a shalow pullback and consolidation. The RSI has bounced off of the mid line and is moving back higher and the MACD is turning back higher.

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 last week before the Holiday Season begins sees the markets continuing to look strong. Next week look for Gold to consolidate in the longer downtrend while Crude Oil also holds in the downward move. The US Dollar Index looks better lower in the current short uptrend while US Treasuries look to consolidate their move. The Shanghai Composite and Emerging Markets are biased to the upside in the very short term with Chinese markets still lower long term and Emerging Markets in a rut. Volatility looks to remain subdued keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ, despite the moves higher this past week. Their charts show the possibility for the next rotation, into IWM and out of QQQ. Use this information as you prepare for the coming week and trad’em well.

Disclaimer: 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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