 What's up guys, this is Alex from Xtrades back to you with another weekly trade ideas list Hope everybody had a great weekend. We should have a pretty solid watch list here Last week we had a pretty good one as well. There's a couple good ones like Tesla and the falling wedge That was a nice one And there's a couple others. So go ahead and check out the last video, you know, maybe get some educational Value out of that. But before we start, please like comment and subscribe to our extra YouTube channel We are trying to get stuff to hit the algorithm more. So if you can do that for us, that'd be great. We love you So our first setup here. Let's get into TTD, it's the trade desk So our first level, we're gonna want to see breakovers this 54 81 It's pretty obvious. We do have a breakout right here. We got test one test number two test number three And you know, I was preach you want three tests to validate the trend and then, you know After that, I can pretty much do whatever it wants. They can break out I can reject again and it you know be considered a broken trend or a continuing trend If you only have two tests, obviously, it's not enough. So three tests. That's gonna be your validation And we do have that here Leading into a breakout. So this trend was broken We can go ahead and send alert over 54 81. We'll right click at alert At breakout Same thing we did with, you know, two GT last week. We're looking for that one level to break It actually did. I think it got like a nice like 2% move over it So good for a day of trade if you caught that last week as well So we did the same thing just right click At alert name a breakout and then we wait Obviously, it's pretty close. So what's the market like gaps down or Doesn't anything drastic, you know, there's a good chance this could pop over And if you're looking for where it'll head to Probably see it head up to this 200 EMA And also this 58 67 resistance. So yeah, pretty straightforward. We're really looking at calls on that. So upside potential Next we're going to eBay and the breakout trade this one's just a little bit different Just because you do have the back test already commenced. So You see you have a breakout pulls back holding back test and you want to see it Um, go ahead and run up to, you know, this is your full trading range right here. This 47 13 to 43 53 Um, kind of like a tight range, but it is a tradable range and it would, you know, pay pretty good on calls If it did market some upside, um, you might have short term resistance Here, let's go down to this Go down to the one hour Might have short term resistance. Um, 4609. You can see it's a really big pivot. Um, it did find resistance prior So, um, it only makes sense that, you know, if it did want to get some upside after the back test Did probably try to reject about there Um, ideally you'd want to see it, you know, break over Um, pull back back test hold the level and then ahead of the year 47 13 So, um, that's just something you want to look for in the smaller time frame Obviously on the daily, it doesn't look as crucial, right? Um, there's nothing crazy You know, this 4609 is actually, you know, pretty close. So compared to these moons over here, you know, this is pretty tight So this 47 13 to 43 53 is pretty small compared to, you know, what it's putting in from the bottom here Yeah, we'll be looking at calls on that. Um, just to break out the back test Look for it to reverse to the upside and, you know, top out about the 200 EMA or this 47 13 So t2d and ebay looking at calls And vex. So this is nova vex. This is a biotech play Um, obviously a huge huge play during the pandemic Um, when, you know, in 2020 when covid first came out I could even go back a little bit Show you how massive these freaking moves are um You know when their vaccine Was getting a lot of hype and When a lot of vaccine plays actually we're getting hype. So you can see, I mean just you got this one huge move to I'm sorry, my computer's lagging. You got this one big move to You know, 200s almost and you got another huge one up into the 300s Created a lot of bag holders up here, but Now we're down into the 16s. The thing has just gotten slammed since 2021. So You do got to be careful with this one. It's pretty volatile as are all other biotechs pretty much They're gonna have high IV options If you know IV stands for it's implied volatility It kind of prices in your premiums a little bit And it will make them pricier if it's higher and cheaper if it's lower But um, so this 16 level is 16 flat. That's your support Slash pivot And then your max top here is like 25 66. So a pretty wide range. Um, if we brought out the info line We do have about A 61 60 percent move a wide between here. So it doesn't look like much on the daily, but this is huge Um, so you're not gonna need to you know shoot for the sky and this one Unless you want to you know buy and hold it for a couple months, you know, it could squeeze up pretty high um ideally We are getting wick reactions to support. So you got a big wick here showing buyers pushed up and up until the end of the day another wick pushing up Showing buyers pushed up until the end of the day here. And this is kind of like a hammer slash bullish, you know Just a nice bullish candle kind of like a hammer slash doji Showing that buyers did indeed add pressure so ideally We want to see it hold the 16 flat Obviously would be invalid if it went under 16 if it does hold 16 um, you probably see this little resistance right here At 1806 still a big move. Um, I mean, that's a two dollar move on a 16 dollar stock So that's going to give you, you know, a good percentage Um, if it was able to oops, sorry about that If it was able to break over that You're gonna see a break back test hold and then you know, you would look for resistance at the 50 At right next just like you saw here So Because there's no like close resistance or anything. Um, until that's 2566 and this is literally all just a sell imbalance You're gonna want to look for um, move the averages, you know, because those are mid-range and You'd be able to make a determination on a price target So, yeah, looking at calls on this too. This is a counter trend play a kind of risky Um, but it could be a good one. So yeah So you got your three call plays here Our next two can go either way because they're at trend lines. They're not broken out yet and um, a decision can still be made That's going to be apple and spy We'll go ahead and get into apple first So apple here, um, you have a pretty clear downtrend line. You got test one test two test number three Another test right there. It's like four. That's number five. So you got a lot of tests here number six um So this line is very established and um Last week or maybe it was a different week. I'm not sure if it's last week or what We're looking for it to reject this at date. Indeed We had strictly puts that we're looking for on this one. Whatever. I think it was last week And um, we're just looking for a move down to 146 15. I was able to do that. So, um, good trend line play Same thing again here You know on confirmation of a rejection. We'd be looking at puts Um confirmation of a breakout and we're looking at calls And another good thing about this is that this name compared to like spy and qqq I mean this move off the bottom is nearly as big as you know The spy and qqq moved off the bottom. So this could be like a lagger And um, leave a lot of room for upside considering, you know, it's one of the top weighted in these indexes um Another thing that why it could have been lagged is because it's already had such a great performance this year And um, it was kind of like a safety play when other stuff was tanking So if you see it's only down like 16 year today and it was running up to like, I mean all-time highs Pretty much in um, almost right right up to that level, you know in 2022 It's just unheard of for for big tech, you know after seeing all those names get slammed Apple's a very good like safety play. Um, sometimes when it wants to be So, you know this trend line, um Just going to be waiting to see if it rejects heads back down to demand Or if it wants to break out and get over the 200 you may head back to supply So this is a call input trade Just wait for confirmation same as last week You had a confirmation of rejection followed through selling at the open And they give you your confirmation to take puts, you know They make a good day trade or you know, a couple of days swing trade down to this little pivot that we covered And actually we have lower than that But after that created really nice demand here You got a nice drop base rally demand and you'd see a pull back make a base And hopefully break out for bowls If it can't you see run back down to demand make a nice short term day trade between this range and um I wouldn't be any more embarrassed than that unless it gets under this demand zone below. So Bowls if it's able to break out you'd be looking at 153 59 this 200 EMA and also this 157 50 So yeah, those are your levels So calls and puts on this just wait for confirmation spy so um, we usually cover the es futures, but this time we won't have to Because we're covering the spy same thing. It's the s&p 500 At a critical point by the way This is the all-time high to current downtrend line. We've been covering for a while. It is coming up to that It's at supply. So I'm going to be looking forward to either reject here um And another thing the VIX aligns with you know, a little pullback, you know, because it's at 19 Is that the 19 level we covered? So We'll get into that next but we're gonna be looking forward to either reject here Pull back into the trend line curl up about there or we look forward to break out supply Make a base and run into the next supply So huge inflection point. Um, this is another call or put trade I already do have qqq puts so, um You know, I scaled into a small position. I took one let it go up a little more Added another, you know, it was only down like a little bit, but just long two contracts at the moment See if we can catch some downside, but You know, there is still upside risk. You can see after the jobs data I mean we gap down Filled the whole gap back up and even went green for a brief second. So, um, obviously Jerome Paul's, you know speech Gassed everybody up Um, rate hikes are going to maybe slow in december And um, you know, market's very forward-looking, you know, they're probably already thinking about a pivot So just something to keep an eye out, but keep in mind VIX is really low Um calls can be dangerous up here Wait for confirmation with the breakout for calls And um, you know, trade safe, but you got supply downtrend line not cleared yet So it could be good for puts So you can see how this could go either way Um, that's a cool thing about trendline plays is that they are versatile. You just wait for confirmation Yeah I'll go over them again We got t2d we're looking at calls ebay looking at calls in the back test and that's counter trend off 16 support calls Apple calls or puts depending on what it wants to do is buy calls or puts Next we're going to the nasdaq See what we got here So last week, we wanted to see this 12, uh, 12,000 What is that 118 level get broke? Um, or get tested even it was not able to clear that so it is finding small resistance here So bears do have a small argument Um, minus this ginormous wake which shows that buyers, you know, added crazy pressure all the way up into the end of the day Because these are daily candles. So wherever you see the close, that's where it ended And this is the whole trading day So this was all buying up until this about 12,000. So Huge pressure from the bulls even after that scary jobs data showing that, you know, um Wages aren't slowing. So We'll have to maybe see some Little more pressure in the labor market to, you know, know that maybe, you know, the feds fight for inflation To go down is working But anyways, so It's 12,118 Bears have an argument back down to the same low to from where we bottomed in on non-farm payroll data um With a potential for as low as this demand of 50 you may area, which is slightly under it So that would be my max Pt probably for the bears If we were able to get over that obviously you want to see a break make a base per usual If we're trying to go higher up into this 200 EMA Um And this is like the same gist. You got all-time highs down to current trend lines. So That's all the same thing is what you saw on spy Just a little bit different because this is the NASDAQ and it doesn't move just a tad bit different Even though the the main stock's weighting is, you know, kind of similar So, yeah, um QQQ traders just want to see it stay under this level and you know, maybe get down to here Bowls you want to see a break over the same resistance get over the trend line and be able to get over the 200 EMA eventually So that'll be a problem short-term You know, this knife is going to break right away. So you might see it, you know, do a lot of chopping up as you've been seeing Next we'll go into rty. It's a small made caps. So last week We're looking for it to pull into this trend line because it was finding resistance at the 200 EMA It did exactly that pulling the trend line I said if it pulled down here and it was holding the 50 EMA Area and it's pivot low, you know, you could look at IWM calls huge move on the J. Powell Reaction and speech so Yeah, it would have been good for IWM calls still holding up trend line And you do have an ascending triangle here. So, um, what sorry Hit the trash. So what an ascending triangle is is it build up a buying? You got flat top resistance. So the thing is this is like, you know steam in a pot It's building up building up higher lows higher highs But also has flat top resistance eventually it's going to blow off the top if the pattern holds And you know break out So that's all on ascending triangle is same thing with the descending triangle. It's just the opposite. It's It's a bearish. So you see it making lower highs lower lows with flat bottom Support and then a breakdown So this is just the opposite of that to the upside. So just think about it like steam in a pot just rising rising rising Um, and eventually we'll blow off the top. So look for that 1913 level to break Um, and also make sure the trend line still holds but otherwise bowls look good on this My almanac even shows uh, December is a good time to start looking at small mid caps to buy. So Um, maybe it's good for, you know, the seasonality is good on the Russell But yeah nothing specific. Um, look for the ascending wedge or ascending triangle breakout Bears you want to see the trend line break, which is obvious next Oops Excellent hit backspace. So we're going into the vix Um, this will tie into what we just went over on the spy So the 2022 average close that we cover every time it did drop Um, pretty significantly. It's now under 26. This is sub 26 now And all the videos that we've been covering, you know, it's been in the 26s after all these violent moves down and you know Closes under the 2022 average was able to bring it down pretty significantly So it's now at 25 95 and we're at the 1912 level that we were looking for and it even closed under that So, um, you want to see make a base here soon if you're a bear On the indexes, otherwise, you know, it could break and it probably will like come back up test before trying to go lower But um, if it can't you want to see it curl up It will go back up to 22 64 and start heading back to the 2022 average close And um, I'll show you the data So, you know that this is legit and so legit average I track it So this is each close Friday's close puts us that 1907 Brings us down to 25 95 and this is the 50 period moving average. Similar to what you see on my trading view chart. This is just Um, implemented manually So you just put in the data and the system, you know, we'll put out a moving average for you. Which is pretty cool So, yeah That's the vix look for it to curl up at 19s. Um, or break under that. Um, if you're a bear You want to see it roll till they come back But yeah, I think it could start mean regressing. Um, so, you know, maybe if you're a bearish, this would be a good area to Um, get puts with time on it, you know, so you can deal with any upside risk let it form a top Let the vix form the bottom a little bit before trying to spike and have a mean regression So, yeah, it's gonna be a good level to start adding puts. Uh, they're very cheap premiums are way below average right now Compared to what you paid all year. Um, and that's what the 2022 average close is Um, showing you So the dx y us dollar, um, just got slammed last week after the j pile speech Um, it did break under this 104. You see that 104 63 broke under that. Um And it did go under the 200 ema also So it made a base off the 200 ema. It looked like it was gonna reverse but j pile speech did break it down very aggressively So now it's breaking the 104 next to be looking for I'll show you the level real quick if we zoom out I'm going to be looking for this 102 99 slash 103 just rounded up to 103 to be honest Um, which is this 2020 peak. This is actually when kovid was first hitting the dollar did spike super hard before the fed, you know Did start printing money just out of nowhere and look what happened But yeah, um, I mean it makes total sense when you look at it, right? Uh, eventually, you know, this was going to be tested just because it's such a major level You see it fall down a little bit probably try to curl up about there So previous resistance turning new support. Um, that's what you'd be looking for But otherwise, um, if you're bearish And you want to see the market die, you're gonna want to see it reclaiming over 104 63 the same level We just cover which comes from this base right here Do you want to see it get back over get back over 105? And you know head back to these little Points of resistance up here So, yeah Um, and so I want to see it reclaim over Bears you want to keep it under and you could have a max pt down to those that 103 level that I covered Which is from 2020 So, yeah, um, I hope you guys enjoyed this video Hopefully this is a good watch list again and um, make sure you like comment subscribe our xtrades youtube channel I'm go ahead and this send it over to our editor and um Work on the you know written report for y'all if you don't y'all don't know in our discord We do have a written report of the same stuff we just covered minus the indexes You're just gonna see the top five setups that we went over And um a little summary So if you just need a quick read and can't always watch the videos I recommend going to the options watch list channel and um, check it out. It's pretty quick It'll tell you if I'm looking for calls or puts Um pick which one looks best to you and that's why I do it. Um, you got five different ones you could pick from See from your experience or from your screen time, which one, you know fits you the best Which has the best risk to reward and Um, you know, remember that these are just ideas and they're not like suggestions or anything No, I'm not a financial advisor. So I'm just posting my ideas and A lot of times I'm posting quality because I do go through a list of about 250 names. It takes me a couple hours. So You know, we are looking for quality here And they're pretty reliable. So Um, yeah, I hope you guys enjoyed. Love you guys. I'm gonna go ahead and get going. Bye. Bye