 What's up guys, this is Alex from Xtrades today. I'm gonna be going over my top five setups for the week I usually post my list every Sunday. I go over about 250 tickers or so. That's in my watch list I'll even show you right now This is my main watch list It's got 264 names, but that doesn't mean that you have to do that I just go through names that I've been tracking for the last four years and I pretty much double them down into the top five setups So our first one here, we're gonna go over a ticker symbol MOS. So this is mosaic This is actually a process industries chemicals agriculture and This is actually a pretty hot stock during The Ukraine war when it first started you can see back in February here Russia invaded Probably worries about supply chain issues for you know chemicals and stuff like that and It caused a big group to the upside, but right now We can see that it formed a downtrend line, right? We got one two three tests Breaks out a little bit does a back test and then we'll be looking for a little bit of upside Your ideal price target for this would probably be about 55 37 at this day of the level a price target to you can be like 57 10 and I mean highly doubt this would hit, but this is another resistance right here For a stop loss you're looking at maybe Stop loss if it goes back under this downtrend line. So if price were to get this drawing tool out If I can find it. All right, so let's say it, you know, I had a little fake out went back down on the trend line Just like that you go ahead and probably stop out because your break out would be invalid Most likely it would come back down to the support if it did that there's even a drop base rally demands in here If you don't know that sequence, it's a drop creates a base and then a rally A lot of times stocks will come back down test it. We're back to the upside, but um If you really want a time on this, I mean you could probably deal with the fake out and really hold the stop loss below this demands on low So we'll go ahead and get into stock number two. This is CHP T's is charge point They're in retail trade specialty stores it looks like pretty sure it's related to like electric vehicles I'm guessing to do like batteries and stuff. It seems I don't really pay too much attention to what the companies do I pay attention to liquidity volume how they trade how much volatility is in it, etc Yeah, so it looks like they operate as electric vehicle charging network It designs develop some markets and networked electric vehicles charging system infrastructure and its cloud services enable customers the ability to locate reserve authenticate and transact electric vehicle charging sessions etc, so What I like about this stock here We got a uptrend line. We got our first test test number two coming up for the third. This is usually where the trend Validates so once you get test three, sometimes you'll see stocks try to hold up here Just depends. I mean right now, you know after Friday and after the job data, we got a pretty negative sentiment Indexes we all got flushed High growth got flushed VIX went up dollar went up, etc So with this set up it you can kind of bet on a bearish a bearish tilt to it You got a head and shoulders pattern if you didn't know it's also a bearish pattern Opens up with the left shoulder creates the head which is like to Pete comes back down creates another shoulder Fake you know fake out for bowls comes back down to the neckline pattern is validated on the break of the neckline So not only do we have this uptrend line here? We also have Testing the neckline down here. So if this broke Precisely at $14 $14 support broke it most likely give you a flush back to the downside I'll even show you where it would go with the brush So we get the brush here. So if it broke down the neckline It would come back down to the man right about here and probably try to curl up right there So you're looking at a price target of about $13 and 13 cents Maybe just $13 even something like that But another thing is that this trend line it's at the third test. So this could hold up So this could be providing a call opportunity also Just like mosaic when we're looking we're looking for calls on the breakout And you know towards End of the video, maybe I'll kind of give you a good idea of what to do for option contracts It'll also just be in my Sunday list. I post it every week usually looking for like a 50 Delta Or a 30 Delta for swings, etc And if you didn't know your deltas and options or what's gonna make up your dollar per move? So every dollar move if they had a 50 Delta you're gonna pay $50 per dollar move on the stock If you need to go learn about Greeks, I recommend going to read them Anyway, so back to CH CH PT here. So I guess they would be looking for like a 13 price target stop loss It probably be had to be if it faked out here If you took puts it probably to be like $16 max if you want a short-term options that might be too much It probably had to be you know Fridays Fridays high something like that something tight It just depends on what kind of contracts you're taking. So 13 price target 16 max SL Not the greatest risk to reward if you did a $16 SL because you're only going for, you know, $1 $14 break going for about 13 bucks. So you might want to do like $15 something like that. So you got a one-to-one We'll go in our next one. So this is DVN. This is other and you know oil energy and you know After the OPEC cuts This really started to make oil crude oil specifically the specific commodity futures started to run You can even see a broke out a little bit here. I even tried some XL E puts I'm still in those we took it at a downtrend line, which is kind of similar to this But what I really like about this is that it's coming up the supply here you got pretty strong resistance This supply would actually be a rally-based drop supply Creates a rally creates the base and then drops you can see it reacted right here came back down really hard Rallyed right back up and now we're back at supply. This is an ideal area to short. So For price targets, I'd probably be looking for if it rejected here I probably looking for like this 61.8 Fibonacci retracement So put you at about, you know, 68 bucks 67 70 something like that And that would most likely it would create that inverse head and shoulders that you see to get, you know, the Shoulder head and it probably make like an inverse head and shoulder before trying to break out to the upside But that's just speculation not confirmed. I've just seen patterns play out, you know for years That's just something I'd probably expect and I would be looking to take profit, you know at this area Or at least, you know, sixty six dollars or this other Shoulder low is So we'll be looking for puts on this I'll even go back here. So mosaic would be looking for calls CHPT we're looking for puts with a potential for cause if it holds up the trend line DVM We're gonna be looking for puts you do have a confirmation of this candle reacted to supply and You know even put the label up here So we got our supply Rally-based drop reacts to supply Give a decent red candle. The only thing a little bit concerning is this MACD signal down here You probably want to look out for that the momentum could be, you know, not slowing yet This could just be a short-term pullback if it happens. So puts on DVN You would also want to look at XLE the energy ETF if you want to see you go back within the downturn line Next one Google take your symbol G oogl So this one has a downtrend line pretty clear, right you got first test second test test number three comes up to supply This is a This is a drop-based drop supply zone. So crude so as a drop creates the base Goes to the downside broke this even low here. I'll even mark mark that for you So this is our June low a Lot of stocks actually bottom tier for a little bit had a rally. Oh, it looks like actually this was May So it looks like Google actually made a lower low sooner than the index is because spy made its lower low recently In June until it, you know went under it a little bit recently So this um, I'll even change it real quick. So this is the may low So you got a drop-based drop Breaks down the may low Has a pretty gnarly drop ends up creating another base this time for demands. You got a drop base rally Demand zone comes back up to supply rejects off of it creates the downtrend line. Yeah one two third test This I'll be looking for puts To be honest as long as Monday doesn't you know have a counter trend reversal You just be looking for a quick day trade down to demand It's not going to give you too much So this would be a very short-term trade and another thing with this setup I'm going to add an alert to the trend line Um, it looks like I already did so I added an alert to the trend line in case it wants to break out to the upside I'll give us a little opportunity for calls if you can't see already I love down or I love trend lines in general because they can provide two different trades So if you're trading a uptrend line, you can buy the calls off the third test Or you can wait for the uptrend line to break and you can take put Same with downtrend lines. You're waiting for the third test It could take puts at the third test and then you could go ahead and take calls in the breakout So trend lines are very diverse. They give you you know, they give you two setups and You know and that's kind of volatility. It's good to have other options You know, you're gonna have to switch at some point, you know, you're not always gonna be right So it's good to have a backup plan So assuming that this put trade didn't play out and it didn't go back down to demand You do have a breakout trader here if it decides to Now we'll go into Google or I'm sorry, we're going to plug So this is the plug power This is actually a gap field trade if you y'all don't know what a gap field trade is a gap is Essentially the open to the next day's I'm sorry the close of the previous day up to the next day's open And what this is is a void where price hasn't you know had any trading at all Very, you know, there's no liquidity here and a lot of times stocks will come back down and try to fill them Same if it gap down stocks will try to come back and fill it up So what the thing about gaps is that they move very fast there's you know lack of liquidity in the area and They'll try to feel pretty fast and you can see on this ticker symbol TTD We actually traded this at one point. I think we traded the gap filled down We have a nice trade. So I mean, this is this is a type of setup. You can personally trade all the time Same on a gap down. You could trade it back to the upside, but we'll get back to Plug here. So you got a pretty gnarly gap Try to fill it a little bit. You got a negative MACD You do have an uptrend line here. It might try to come back down and Test it So it might look something like that and try to hold up there So your price target would be you know at the trend line if you were to take puts on this setup This is a gap filled trade to the downside. So you'd be looking at puts Some people, you know, they'll try to buy calls or something that gap support which is right here at $20 even It's just kind of risky because you know, you're vulnerable at that gap So we'll be looking for puts on that If it wants to come back down, you'll be looking at calls when it enters a trend line But it's not there yet, but we can set an alert. Just right click the line go to add alert and trend line and It'll be sitting there waiting for you and you can see I got you know, I got them set up over here So whenever these hit I might have a set up, you know in the middle of the day when I'm not even looking So you got plug whenever this hits be looking at calls arc There's a downtrend line of if it wants to break out to the upside of I might look at calls So you get the point You just add alerts of trend lines that supports resistance demand, whatever you want to do Anything to give you an edge So that's our five set ups. We got MOS. We're gonna be looking at calls. I Go through them one more time. So you got MOS. They got the downtrend line looking at calls Let it load up here. You get the back test looking for calls up to that CHPT Given a in ours given a head and shoulders patterns and be looking for puts on the break of $14 If it decides it wants to hold at this third test, you can look at calls back up to 16 DVN at supply at that rally-based drop supply and be looking at puts Price target back down here SL would have to be, you know, above the supply high Google you got the downtrend line. You got that supply zone Let it load. Okay. You got the downtrend line supply zone It'd be going back down to demand potentially. So your price target be down here for puts We also added that Alert for the trend line if it wants to break upside and then we just went over plug Just looking for that gap filled trade down Later, you know down the line it might be able to give the call set up, but that's not the focus right now Next we're gonna go into the indexes. We just give a little overview of how the indexes look We'll go over spy here So what I really like about spy actually I'm kind of a contrarian trader like to trade against stuff You know after being when you get faked out when you're first like a route, you know You're first getting into the game as a retail trader You get faked out a lot and you're not buying at good spots. So I really like counter train stuff So I like adding a demand. I like selling a supply, you know areas that you know retail traders aren't really trying to do With spy we do have this June low here That we ended up going under a little bit, but we actually closed above it luckily it might be able to Give us some momentum. Just depends go ahead and Put this in this is our June low. This is what I was talking about with Google earlier But that the Google went down in May But you see what I mean with the indexes most of them, you know bottom out in June and had that huge rally So this has been a pretty much an inflection point. We dipped under it total fake out This Friday actually ended up being a portfolio rebounding days the last day of the month So I'm guessing a lot of people, you know, we're buying into this We had a very short-term rally until the job number came out came out the good job data made Wall Street pessimistic made it seem like, you know, the Federal Reserve is not going to slow down or pivot quote-unquote and You know if you've been following the chat most people, you know, they're not believing in a pivot anytime soon inflation is still high The job market really hasn't tightened that much yet and we could still have a long way to go But that doesn't mean stocks can't stabilize, right? You know people might think that the worst is in We also have to go off seasonality to so with seasonality This is for mid-term years today. This year is a mid-term year. You can see in October. We rally about halfway through and Then get a drop This doesn't mean that we have to follow it exactly But you know this kind of does support that counter trend thesis that we're looking at here at demand and this is a drop base rally zone by the way You got the drop crease the base rally comes back down test you'd be looking for it to hold up here If we did break back down this demand zone low, it's not going to be good Then that could set us up for capitulation and actually maybe actually give us a bottom But it definitely wouldn't be good short-term. It could get nasty. So we're gonna be watching that low We're gonna be looking for this to hold up Hopefully it does. I would like to see some bullish action I would love to flip, you know, flip the trading calls more You know, we did a lot last week or our watch list last week It's super fire is very good. They're I mean about four calls setups and they all worked very beautifully You can see this week. It's gonna be mixed. I'm not the huge You know the biggest fan of these but you know the technicals do line up and you know support our Thesis is that we just went over So next we're going to IWM. This is the small of mid caps And you can see it looking similar kind of the other stuff. It's you know, I've got the downtrend line It's got a pretty nasty supply right here Add that It's gonna probably come back down a little bit further to you know test that demand and Maybe try to run back up to the trend line. It just depends Has the same, you know looking jet June low is spy except IWM didn't break under this yet So spy did break under it, but very briefly So IWM you'd be looking for it to hold up here at this demands on low You'd also have to keep a lot eye on that downtrend line, you know, just like the others QQQ this is gonna be a tech makeup This has all your popular fang stocks, you know, Apple, Microsoft, Netflix, Facebook, etc Pretty similar setup to spy you got the June low over here Which is the key inflection point went under it briefly now. We're back in demand. This is a Drop base rally zone Not very significant, but I mean we did rally pretty hard last week. So we'll have to see Drop base rally. There's just like I said earlier It's the drop creates a base and then rallies and then once it comes back to this demand You can go ahead and enter. So we could be looking for it to hold up here And run back up to the trend line Maybe if our seasonality wants to support that that we just looked at if not this demands on low breaks It could get nasty and we could go to 260 and where do I get 260 from? So we'll zoom out a little bit 260 is actually this 2020 September support and You can see that low right there that would put us there briefly So watch that demand zone low For all all of them if IWM reaches there, you're gonna want to watch that demand zone low Same with spy you're there now. We're gonna be wanting to make sure that holds It even be better if this actually holds up here because I'm you can you know probably support a rally off-demand and Next we'll go into the VIX. So this is the volatility index this pretty much It's a bunch of SPX options And other difficult calculations pretty much To create a volatility index or otherwise known as a fear gauge that traders use If you're paying attention in the chat the last couple weeks We're looking for it to test 35 eventually it did and then I was calling for a mean regression back to the 2022 average close Um, I actually have data that I keep track of so the 2022 average close is All calculated right here So our Friday's close was at 31 35 that actually brought us up a couple points Um, you can see the value down here. It's 25 95 currently It rounds it up to 26 So eventually, you know, the VIX does mean regress and you know, it will come back down and test You know the average Maybe even did below it, but it just depends, you know, we're in pretty shaky financial conditions. So um, we'll have to see so essentially It's holding up trend line at a pretty nasty close Friday. We're gonna want to see it. Um Stabilize here for sure. If you want to see upside, you're gonna want to see it come down um If you're a bear, uh, you do have a good case of it running back up to 35 here looking for my brush One second I always forget which one it's at Okay, here we go. So if you're a bear, you have a pretty good case of seeing it come back up to 35 and maybe finding resistance there again um Like I said, it just depends. We'll have to see where the dollar index is And you know, see how bonds are reacting TLT was just straight dumping. So Um, if you don't know, that's that's the 20 year bond ETF. I tracked that for bonds You know, and my bonds are volatile like that. It spooks to everybody. So um, you have to realize a lot of money tied up in us treasury. So Um, it's good to watch bonds pay attention to the dollar. Look at the vixx and especially watch the indexes if you're an equity trader Um, I hope you guys enjoyed this video. Um I'm gonna start doing these pretty much every week. Hopefully, um, if not every other week I'm gonna try to find the time to do them. Um, you can see it's saturday october 8th Try to get it done a little bit early that way. I could just post it on sunday And y'all can have a good outlook and you know, a good plan going into next week So thank you for watching. Um, and I'll see you guys on monday