 What's up guys? This is Alex from Axe Trades back to you with another weekly trade ideas list And I'm we're gonna go ahead and get into the indexes too after this We'll go over the features today just because they're trading right now. You can see they're up about almost 1% You can see on ES 0.88 Rty. So this is small mid caps. So 0.86 dollars up a little bit But nothing too concerning, but let's go ahead and get into our first one I'm gonna give you a fair warning here all these calls They're gonna be call setup. So I'm gonna be looking for upside Because you see a lot of stuff is breaking out. So I have to go with the technical analysis and We also have to be careful because earnings is coming up for a lot of big names like Apple Microsoft, etc So let's get into our first ticker here ticker symbol HPQ HP So you can see it's breaking out of this downtrend, right? You got test number one test number two Test number three and then finally breaks to the upside for zoom out a little bit There's a weekly chart You can see this October 21 2021 support It's pretty crucial, right? You got a pretty big rally to the upside comes back down breaks it very temporarily But it ends up reclaiming it so that that could be telling a little story there And then if we zoom to the one day, you know, we do have our one-day breakout You'd be ideally looking for a break over 27.04 So we're gonna go ahead and right-click this Add alert to horizontal trend line We can even add an alert name breakout, right? So anyway, we know it's happening So yeah, just a downtrend break looking for 27.04 Ideally, it might be a quick like day trade if you did do a swing trade. There is a nice little gap here There you can feel So if you got time on contracts, you could hold out and use this gap fellow as a price target Short-term you'd be looking at, you know, the daily 50 emails a price target Which is like right where the gap starts so I mean if your hands are good enough and you can hold You're gonna hold through the whole gap and there's another resistance right above that 28 2890 so That's HP looking for calls. So just remember all these I'm gonna be looking at calls You know, if it doesn't go our way, I'll switch but The technical analysis is showing a shift of focus to logs I'm also going to the seasonality as well and you'll see that You know this towards the end of October the market does tend to run up in mid-term years. So We're gonna get in a QQQ. So we wanted to go over this one When we go into the indexes because this is actually a setup that you know I do want to trade rather than just using it for analysis So we say we got a breakout here. If you looked at the futures, too, it's it's literally the same thing Maybe the pivot points for the trend lines a little bit different But you do have a breakout on the ETF right here You'd be looking for a break over 277 21 and that puts you at your October peak You can even argue that this is a supply zone Which it could have trouble at You just need to be careful But you can see that I mean the October peak matches directly with this 38.2 percent Fibonacci level So that means that if you got up to 30 38.2, it's retraced 38.2 percent of its move from this point down to this point So that's also Fibonacci retracement. Sorry. Just kind of measure not in percentage seeing how much it retraced Yeah, so QQQ be looking at calls preferably a 277 21 breakout Probably give you good confirmation, but you'd be trading inside supply So you'd be looking at long-sinside supply, which is very risky So you don't want to be careful with that But otherwise, I mean if you want to have exposure to the big tech earnings This is probably the best way to do it without getting crushed Because yeah, I mean Apple and Microsoft could make QQQ, you know go crazy and you know move a couple percent But you know at least so you know you and get crushed as bad as if you traded the direct earnings. So Yep, so you're looking for that 277 21 break calls QQQ would really need to get over the supply too. So we need to see it do something like Find this real quick We need QQQ to get over the supply Maybe even make a base right there before trying to go higher That would be the ideal thing for bulls So bears they might have a case, you know right here for puts that supply But we'll have to see I'm just really going off seasonality Which we'll get into There is a it does average a small dip But I mean, it's really nothing to be honest It's it's nothing like concerning like how we've seen and you know other days on the seasonality chart So next we'll go into Navida So another big tech play luckily they don't have earnings for a good little minute here You'd have time to you know, maybe catch a move maybe play the pre earnings run up But you can see just a beautiful falling wedge breakout back tests holds You'd be looking for Move back up to supply We're probably try to reject right there or maybe you'd even go up to like this 50 EMA and try to reject right there so just using Levels and moving averages as a price target, but really nice setup Stop loss you'd probably want to keep it. You know, if you're doing like a swing trade You need maximum under this 52 week low. We're doing like a day trade to be need to be under like Friday So something like that But risk management, I mean, it's gonna be kind of sub subjective to your account. So However much money you have in your account It's going to determine how long you could hold something or how big you went into position. That's gonna determine your risk as well So, yeah, you got the confirmed breakout already Looking for a move to supply. Maybe even the daily 50 EMA And that's cause as well. So all calls all five setups looking at calls All right, here's a firm. This is another Falling wedge setup on console murder in the Vita. Maybe not as clear on the breakout But you can see it attempted right here rejected off supply went back inside the downtrend now It's poking back out. So you can even argue that this is probably like a back test before the breakout Which usually is a pretty good setup. So I'd say you'd be seeing a move back up to The supply the same one it rejected off before going back in it's about $20. So They'll give you a nice little move. You just want to be careful at this level same with QQQ Both of these are gonna be running into supply. So you just want to be careful there Maybe we have time on your contracts You can hold throughout the supply and that goes for QQQ to I mean, you don't have to day trade inside supply But if the setup looks nice enough and you feel like sentiment is good and Just make sure you keep a tight stop. Maybe even trail it out. Keep a trailing stop loss In case it does react to supply. So that's all you just want to be careful Stop loss on this. You just be looking at under Friday's low For a day trade swing trade you be looking at, you know under this low. This was that that July July June low and they do have earnings coming up. So If you did swing trade, you wouldn't be in for that long. So just be careful about that Next we're going to JD JD calm Chinese Chinese ticker JD and Bob are probably my two favorite. I like PDD as well Last week we had PDD in our watch list, but never confirmed a setup So it did break break down a little bit, but it did gap back up a Monday holding the uptrend line So you never got confirmation for puts Really good call setup though. I mean if you're able to capitalize on that good for you I was focusing more on puts because of the downtrend break It did gap up and hold that so never gave the setup But JD you're looking at a drop base rally demand zone You can see it's holding the general area puts in a nice like bullish hammer right here And close back inside demand. So you'd be looking at You can even widen this up a little bit So you'd be looking at Move hopefully back to the trend line. Maybe even that supply and it probably try to reject right there Something like that. So really you're just playing the free space from demand back up to the trend line You'll see I do pretty commonly Sometimes they'll play directly off the trend line Sometimes they'll play off the levels and then trade back up to the trend lines. So trend lines just give you really good They'll be make good decisions and We had an apple trade last week that We bought low and then just sold at the trend line and it was perfect honestly But now the apple's breaking out pretty hard. I was gonna put that on my watches this week But you know, they do have earnings. So you have to be careful I'm not an advocate for playing earnings unless you're doing like a like an option spread, you know debit spread calendar Um stuff like that. Maybe even iron condor So you got JD you're looking at calls drop base rally demand holding demand Um, you're looking for a move back to the trend line If you're doing a day trade, you probably just be you know, looking for a move back up to This daily level or something like that at like 43 65. So And since it's so close to the lows, you'd need a stop loss under friday's low But this is a good risk to reward, right? I mean all the way back up to the trend line or somewhere around here and then your stop is, you know Below this 52 week low I mean, it's a pretty good risk to reward. So another counter trend trade Now we'll go into the indexes So this is es or you know, it's S&P 500. It's the same thing at spy as we go over. I just wanted to get into the futures because they're already open Um, and it is it is up a pretty significant amount. So Um, I could have tracked the the ETFs, but there's a good chance that might not give us the same reading As the futures currently are so you can see we have a downtrend line only two tests. So there's a good chance it's going to come back up For a third test, um, it doesn't have to be this week or anything like that. I mean it could test it down here down here Um, but this is just stopping to consider. So you got your first test test number two The trend's not even valid to test number three. So there's a good chance that it will go for the third test and you can see We're at a crazy day friday. There's like a pivot rumor from somebody and wall street was pushing on that. So um probably bullshit per usual, but um We'll have to see maybe they're even talking about just the fits along the pace Um, rather than a complete stop and you know, considering cutting rates, which is probably not going to do it Oh 2023 2024 or something like that. But you can see this october peak resistance um, we're gonna have to break that period so We're gonna have to have a get over get to the trend line. Maybe even make a base off the october peak before trying to break out um Bears they do have a good case Of this rejecting right here, which is pretty obvious. Um, you got the daily 50 ema Right here as well. So we're gonna have to get over that Honestly the qqq looks a little bit better than this does um But I mean it just depends right like we'll just have to see how earnings goes and um I wouldn't say there's any specific setup on spy or qqq at the moment Could maybe take a short term day trade uh puts off this resistance Or even trade it, you know If it opens up around here at the open I probably give you, you know, maybe a good swing trade, but You don't you don't really want to go against the seasonality, which we'll look at now Since we're on es. This is the spx Um seasonality so tomorrow is going to be Monday the 24th And then it goes up to where that like the 29th So that's our This is our 24th 29th. You can see it. It's a pretty small dip um nothing too crazy And this is all mid-term years. This is like 2022 2018 2014 2010 as what we've pretty much been tracking um all year It's been pretty accurate So you can see it averages like um Point 19 percent gain nothing too crazy But you can see it does maybe average a small dip. There's something to consider But we do have earnings coming up. So um a lot of the companies they had such low expectations from the analysts that um They were able to beat so except for snap But netflix did good In a couple other companies did pretty good. So We'll have to see how that goes Yeah, just be mindful of the seasonality dip Nothing crazy. Maybe that could give bears a case at this resistance, but um I mean you do want to be careful because you you could just see You know once november starts coming around it's it's just crazy. So maybe don't look at put swings or anything like that Yeah, if you're gonna do swings on calls, just you know have time on your contracts So yep, that's just the level we're watching. Um, no trend line in the way right now We have to wait for that to test You're just watching the october peak. Um, that's it Now we're going to rty just the small and mid caps the russell 2000 Looks a little bit different. Um, you do have a confirmed breakout almost this daily candle isn't outside You have the 50 ema in the way Um, but you got one two three tests. This is it's fourth. So there's a good chance that kid break out. Um We'll just have to see how the monday closes Um, if it does break out you'd be looking for a move back to this 38.2. It's just 1794. Um, by the way This is connected to iwm. So, you know, same thing we're looking at on our other videos. It's just the futures So what is that 1794? Yeah, so you see about a 30 point move that this can break out Um, if it needed to get above that it would have to Break over it make support on previous resistance before trying to go higher So that's all the market is just making structures Um, and it's not going to go straight up or down all the time. You're going to have a lot of We with the woggles and zipping that and zipping this, you know to go higher. So Next we're going to the vix. So this is the s&p 500 volatility index You'll know I tracked the 2022 average close on this It essentially just takes the you know the 2022 data every single close and just implements it into an average So that's all it is and you can see Last week, we were looking, you know to watch the 35 level We didn't want it to get over 35 or if you get very volatile bears would be eating hard We were able to reject it kind of make a base on the s&p But now We're back to this trend line So we're back to the trend line Ideally bears they want to see it hold up here Um Bulls you'd want it to you know get under that and get under the daily 50 e-mail for a mean regression back to the average Which I mean we obviously A mean regression always happens. So the vix goes high. It's always going to snap back to an average That's just the way it works to be honest It's really just showing you short term volatility But you can see we did stay elevated all this year, which gave us our 26 uh, 22 average close We'll go to our data. Um, I mean, it's pretty much the same thing. We had a 29 68 close Which brought it up to 26 22 and you can see the average down here Here's the 50 e-mail implemented similar to our chart. So Yeah, that's going to be the level Bulls are going to want to see it fall back towards Bears are going to see it over that and keep seeing this increase Um, because that would make their mean regression price target a little bit, you know tighter and it wouldn't be as brutal Sorry about that All right, and next we'll go into the dollar. So this is the dollar index us dollar If you didn't know this Pretty much is inverse to the market. Um strong dollar not good for stocks not good for profits and corporate corporate wise and Um, I mean, it's just been ripping and running all year. So you can see it's at the trend line We're going to want to see this break And also get under the 50 e-mail same as the vix Um, otherwise, I mean you see if it just consolidates up here It's still elevated as not the greatest for stocks. You want to see this falling aggressively Maybe even see it come back down to 110 0 5 Um, you can see we have a strong peak right here And if we zoom out a little bit Here, let's go to the weekly chart This is where the trend line really shows. Um The one that we have right there is the short term. This is going to be our main right here So this is our main trend line. I'll make it red real quick I'm just not matching the moving averages All right, so we got a red trend line That was our short term We're going to want to see, um, see the dollar come back down to this main one right here This is probably the biggest one to be honest You can see it's got one test two three four. So it's already got four tests on that um So you want to see it come back This is our short term the one going this way is our long term We're going to see our short term break And you know head back to the longer term trend line Um And eventually we're going to want to see that longer term trend line break So it probably do something like this hold up before trying to break to the downside um If it doesn't do you want to do that and currency traders are you know Able to start selling So yep, that's everything guys, uh looking at five setups all calls Um index as you can see on the futures. Uh, yes at resistance Rty getting close to breaking out and can run back to 1794 or Close back in the downtrend it can go lower. So we're just watching those Vicks you want to see, you know breaking the trend line Dx y we want to see breaking the short term trend line to go at the longer term one. So Um, you have trade safe guys. I hope I hope you guys enjoyed this I'm going to put them out every week. So I'm going to go ahead and This get to editing so I can get it up for y'all and I'll see y'all Monday. Thanks so much for watching You