 Good morning, good morning, good morning, what's up everybody? Good morning, glad to have you here with me on our XtradesOMO live stream. Hope everybody's doing well this morning. Looking forward to tackling some stuff here with regards to the market, but before we get into that, let me get the stream started over in our discord just so those folks can also follow along if they'd like to share my screen over here, go live. Alright, so let's see, we did have some economic data come out this morning seeing a little bit of a pullback here on S&P Futures based on I guess whatever that data was, but again I'm kind of right at 830, I'm getting all these streams set up and things going to Discord and YouTube and all that, so let's see what the data had to say. Guessing, that's an interesting, yeah I mean there's not really anything US-wise that I would expect to be a big market move. I did see a little notification, something about I think Canada GDP numbers, so let's take a look at that real quick, maybe that's somehow weighing on the US markets at the moment. Let's take a look though, just looking at the economic data calendar. I did include Canada there, but it's not, yeah I'm not really seeing what piece of data, at least not on the trading economics calendar that would be causing things to move around a little bit this morning, so but I did get a little notification that kind of popped up and disappeared before I could read the whole thing about Canadian GDP, so I'm guessing that number came in unexpectedly low and there's concerns that that may then affect or you know be some kind of an area in the mine shaft for future economic data points coming out from the US. What's up Katie, good to see you good morning, also if you guys are here on the YouTube stream please take a moment to chime in and say something in the chat, so I know you're here, we are going to start covering some new members selected or we're going to cover our member selected tickers from over the weekend or a couple of trade plans that we did on last Thursday's live stream but obviously we are going to be doing some new, yeah that's all I see too CD as far as US data goes and to me, there we go, hang on, Canadian GDP month over month came in below the consensus in less than half of the previous reading, so again I wonder if that is somehow causing things to get rattled a little bit here with the US markets. Yeah, employment cost index was slightly high it's not really an economic data point I typically pay attention to so I'd be surprised to see if that's or if that's what's moving us but it could be I mean maybe there's a new data point that we need to start being a little bit more aware of. We also do have Chicago PMI today at 9 45 a.m. after market open and then consumer confidence at 10 a.m. so do keep those kind of couple of data points in mind as we go, yeah compensation costs for civilian workers in the United States 1.2% the first quarter accelerating from a point so I'm guessing that the concern there is more money in the pockets of the US consumer more demand more inflation maybe the Fed you know the narrative around the Fed has all the sudden started to shift back toward well maybe they aren't going to totally rule out any potential new rate increases so yeah it's it's it's we're definitely in a very weird place right now as far as my personal experience trading over the last probably gosh I guess it's been about eight years now with you know just kind of mixed messages across the board you know this is all I think the fallout of a you know hopefully once in a lifetime event with COVID and a pandemic that essentially shuttered the world for a little while there and disrupted supply chain and things just really haven't come back into balance since so it'll be interesting to see I mean you know employment numbers are strong consumers are still spending you know how much of that is being put on credit and how much of that credit is going to wind up going into default I think is the big concern but again that's why I try not to get too embroiled in trying to track these economic data points and things of that nature and focusing a little bit more on just what the charts are showing us which you know right now if we're looking at yes futures here we did clear out a supply zone that we had overhead and put in a couple of new demand zones we are overall bigger picture at least well I should say we're mixed actually I'm sorry I take that back a little bit mixed right we've got bullish flag here on NTS that's also adding buying pressure in this demand zone range but in addition to that we also have these SMAs which are currently still both trending down and inverted which means the 200 is below the 333 the 200 actually is starting to curl up a little bit but this 333 is still in a pretty convincing downtrend these are a couple of bigger picture indicators I like to look at the 333 is great for finding kind of dynamic support resistance you guys have heard me talk about this probably countless times and you're sick of hearing about it but here we kind of see a break above in a little bit of a back test right didn't quite get all the way down and touch it but came very close to it we also have this trend line that I've kind of been interested by it looks like it's been clearly invalidated here but if we look at this from a four-hour perspective you know this is kind of a very interesting pipe pattern reversal with honestly it's just about a bullish engulfing candle as well so there to me this almost looks like a little bit of a fake out we've had so many clean touches of this ascending trend line right here that almost kind of feel like this was a shakeout and this is a trend line that might still be valid and want to keep an eye on we've also broken out of this downtrend right here so overall you know things are starting to shift a little bit bullish however we have found some pretty clean resistance here at 51 54 on ES and then we also have this confluence overhead right around this 51 70 to call it 51 76 range where we have key selling pressure here on NTS and the 333 SMA overhead there so you know lots of confluence of resistance once we break through that things definitely get interesting for continuation to the upside and there is definitely room to play bounces by the dip I would say as long as this 51 11 level holds as long as that's holding I'd be okay with looking for good opportunities to buy the dip knowing that you may top out somewhere around that 51 70 level so anyway keep that stuff in mind as you look at what other trade you're getting involved in because again how spy and QQQ move overall you know it's you know it's always kind of a chicken or the egg scenario how much of it is caused by the underlines the the components of these ETS which generally that is what moves them right but because they start moving in a particular direction then you start to see sympathy across the market where other tickers start to get affected that maybe aren't the heavyweights in these indexes so that being said understanding what's going on with the ETFs especially futures from a futures perspective is a great way to kind of keep yourself informed on if you want to lean a little bit more toward you know buying the dip or selling the rip so that being said let's get into some recaps and I will do some new trade plans here so CD good to see you Katie for those of you who have joined since we got started here in the last few minutes please take a moment chime in in the chat let me know that you're here when want to say what's up want to say good morning and also if you have any ticker requests please feel free to go ahead and drop those in the chat here also apologies if you hear me kind of taking regular pauses been dealing with some kind of a respiratory issue so I'm sucking on cough drops to try to keep myself from hacking up along in your in your speakers there earned in my microphone and through your speakers there so all right trying to soldier through here so a member selected tickers we had over the weekend and video was the most voted ticker this was an interesting one and you've probably heard me say this before generally speaking I try to be very cautious about jumping into anything in the first 15 to 30 minutes of the train day especially on a Monday after a weekend there's just all kinds of things that that might be playing out as far as long-staking profit shorts covering shorts trying to enter new short positions whatever the case might be for the week should just be a little bit cautious we definitely saw a fairly convincing fake out breakdown here on this Nvidia trade plan but again all that took place within the first 30 minutes of the day so generally speaking I use that as a wait-and-see period and I've seen a lot of this here recently to where we get these major moves down right into the right shortly after open and then it immediately gets bought back up so especially if you're seeing some kind of a of a breakdown quick flash kind of move to the downside like we saw here on video just be really careful about chasing that entry try to be a little bit more methodical and patient about this entry because again this kind of looked like a convincing break to me but that being said you know it's so early on a Monday I would have been very cautious and probably avoided this particular entry but hindsight's also 2020 and I wasn't watching a video at that point in time so anyway this one's still consolidating so keep it on watch now and again wait for something that's a little bit more of a methodical entry if we get a break over this 891 86 level or below 86203 as you guys know who are in our discord these plans are posted in the options watch list from Sunday evening so if you need to go back and check these out please take a moment to do so the next one that we had Microsoft this one interestingly even though Microsoft just reported very strong numbers on their earnings has continued to play out to the downside and also saw a really nice back test opportunity well after market open so again I would have probably avoided chasing this move here wait for that back test that back test right here also really nice confluence with Neptune full bearish flag bearish ribbon and right at the key selling pressure of that bearish ribbon as we test I'm sorry as we get that back test of the 402 71 put entry that's a great entry opportunity there again be patient don't chase these entries and it does continue to pull back and down and is rejecting that put entry level and maintaining the overall bearishness here on Neptune going into the open here today so does seem to be finding some support at a level that we don't have a watch currently around 399 28 as long as we hold below 499 looks good to probably continue down and again apologies for dealing with these cough drops and trying to keep my throat from going crazy why we try to get through this live stream this morning so 499 kind of really interesting resistance point be wet right there lots of bearishness here on NTS if you're not already in keep an eye on that that could be a potentially nice entry level there to potentially catch a rejection and play for the downside if you're already in on this back test right here you should still be in decent shape below 499 so I would move my stop up to that that looks like a key level that it needs to hold below at this point to continue down potentially so that's the Microsoft trade plan where we're at with that so far IWM big reaction to whatever that data was here this morning whichever item that was and again it could have been the employment wages or what it was that called again it's a new one for me at least one I don't typically look at employment costs as far as benefits and wages and I do know benefits cost a lot crazy across the board having to deal with that somewhat with my business so again IWM so far was looking good looked like a good convincing break to the upside but then we have that crazy flashed up there yesterday and then the second I'm a kid this morning pushing us down further so again be you know if you're already in longs I'd be very careful about holding those you know especially below this 197 87 weekly level that would be a tough resistance for us to break back above so you know could potentially see IWM shift to a put play here but you know keep your head on a swivel with these again market is making some very kind of tricky moves from a price action standpoint all right CL we did on last Thursday's live stream this one was done live so you guys can go back and walk back and watch the recording if you want we did talk about this having earnings after hours this is Colgate Palm Olive we were kind of having pretty good expectations I forget who it was exactly that asked for the CL trade plan but if it was you and you're here watching the live stream please chime in let me know if you took this or not we did get a confirmed break to the upside overall it did hold the stop loss average down SMAs were bullish Neptune's ultimately bullish going into the pre-market earnings report here that took us all the way up to PT 3 and then some pre-market but then right at the market open we got that nice clean test of PT 3 that would have been your opportunity to go ahead and book those profits right there ultimately caught that move perfectly with this trade plan came back gave us a back test opportunity there in the Neptune buying pressure 200 SMA right there on the 5-minute charts a really nice bounce opportunity there that's pushed us back up to the upside and got very close to getting to PT 2 but at the very least PT 1 plus and again as these plans trade but play out make sure that you're moving your stops up so you don't ever wind up letting a green trade go red that's the last thing you want to do and the world training especially options so the CL trade plan played out nicely even though you would have had to swing through an ER which again is generally a very risky proposition not something I would typically recommend and we saw that again here with Google again talked about this earlier within video kind of very much the same thing we get these like big dumps right into the open or right at the open came back up consolidated below the put entry right there for a little bit that definitely would have been a pretty decent and convincing back test opportunity for me to be perfectly honest so again another tricky one where we get this breakdown below a key level and ultimately just got spot right back up so I wonder if it's trapping trapping shorts or shaking out long as when these moves happened but clearly things seem to be leaning toward the upside but with some very tricky price action along the way ultimately Google did recover all of that downside got back above the call entry back tested so again good call entry opportunity there did ultimately come up and hit PT 1 after that and then if you're willing to swing through the earnings report well obviously PT 3 and a lot more beyond that up into new all-time highs really for for Google so yeah we will affect I think I saw Google requested this morning as one of our trade plans so we'll circle back to this and we'll see what we can't figure out even though we're going to be working with minimal price action won't be the first time that we've dealt with that in fact that's all of our recaps we're already here looking at the Google chart so let's go ahead and dive in let's see if we can't come up with the next Google trade plan that will hopefully be another money printer for us gonna hide these old good extensions real quick alright so again it's gonna be a little bit tricky Google currently at all-time highs price discovery so you know we're gonna have minimal price data use here but that doesn't mean that we can't make it work alright so let's see looking at this hourly chart again we're gonna not have much to go on so I'm gonna have to really use my bend a lot of my typical rules for establishing support resistance just based on sort of my experience and knowing how to look at these charts again I see there's a handful of people watching I've only seen a couple of folks chime in in the chat if you are here please take a moment say what's up in the chat that way I know you're here you can also drop some ticker requests we'll try to get through as many trade plans as possible so we're ready to head into this trading day well prepared to execute those plans but going back to this Google trade plan that was requested by KD appreciate it KD this is an interesting level and not really a truly established level but one that we're gonna want to keep on watch another one here again minimal price action price data to work with the other thing that we could do might be a little bit helpful let's see what that shows us and let's switch this there we go oh it's not confusing between my old fib extensions hey what's up Deidre good morning WNMD yeah we can try to take a look at that one all right so I'm going to use these again fib levels a little bit here also this may be a little bit going to need to depend on some indicator and put here other thing I'd like to do is put out a new set of fib extensions a little bit tricky with that burnings report but I think yeah I think what we're looking at is a trend that starts right about here so let's see if this plays out real quick I know it's a lot of one you sit in here a little bit shoot sorry there's that I wanted there's that okay so yeah okay let's go I'm looking at probably something yeah right about there yep I like that so relying on a lot of fib levels here but again we don't have a lot of choice but to do that in an area of minimal price data all right so knowing that we've got a confluence of these fibs here still buying pressure on Neptune all the way down to this level I think that we don't really again using what what data we have available and using these indicators I think 161.76 is where things start to get interesting for a potential downside entry let's get rid of these old long shorts from these old trade plans let me clean these up real quick just so this doesn't get confusing as we put together this plan all right so yeah 161.76 looks like a good but entry a real challenge with that it's going to be how do we determine the stop loss average down and honestly gonna have to do something again I wouldn't normally do a recommend but we're gonna have to go into some smaller timeframes and even that's not gonna be that helpful because it's just one big massive five minute candle uh let's see again breaking all the rules here so be very careful about do as I say not as I do kind of scenario here um yeah that is just straight rocket and it's gonna be really kind of almost impossible to find any kind of a reasonable stop loss average down in this one big massive candle and I don't think we can set it as high as this 165.86 level because the potential downside I think you know really first target we're looking at probably 158.47 um hmm a little tricky here let me think about this I don't want to play this this is hopefully good info or input for those of you kind of have to do analysis on the fly so here's what I'm looking at here's what I think we're gonna shoot for if we break below this 161.76 level I wouldn't want to see us back above this 15 minute 333 SMA now this is going to move so essentially we kind of have to pick a sort of a projected spot here and I'm gonna make this like bright red meaning that this is like essentially at this point this is like a made-up support resistance level but we don't have a ton to work with here on this google trade plan just because of how this earnings move played out um and where the Fibonacci levels are sitting um yeah so I think this is the best thing we got to work with so we'll use 163.56 stop loss average down again I like that 158.47 first price target down here to 156.25 second price target third target I take it down to this 154.03 level so that's going to be the put side of the trade plan I'll call side should be a little bit easier-ish barely we've got some resistance at this 166.99 level again that was an iffy hourly level that we drew this morning could even be just a tad higher actually right there 167.08 let's see what that does for us yeah at the very least and I can see well it's a little bit lower it's more like right here you know right there again another iffy-ish level so trade this one cautiously keep your position sizing small we're in price discovery it's going to be less predictable up in this range um but I could see possible entry here over 167.63 so use this uh what's that 160 why don't I see uh that's a fib level isn't it yep say we use this fib level that we caught here at the 50 percent 165.49 I'll be our stop loss first target yeah I think we'd be remiss not to use you know it we could actually pop this up a little bit now that I'm looking at it this was based on better price data we are going to nudge this up one level entry there first price target here though it's not a fib level sorry yeah second target here at this 171.01 interesting topping right around here but that's in selling pressure there is an interesting little shift we can see here on the 15 minute though that I would use their third price target all right so again don't have a ton of price data we are in price discovery I've said that multiple times now please be cautious start small using these levels because again generally speaking my plans my personal approach to trading works best when we've at least had some time to develop support resistance levels and we just haven't google has not done a lot of that post earnings report so this is what we are looking at for our google trade plan this we're into the options watch list and discord so what are we looking at here on google well we're looking for a break over 167.63 that should give us targets at 169.26 171.01 and 173.35 with a stop loss average down at 165.86 to the downside we're looking for a break below 161.76 that should give us targets at 158.47 156.25 and 154.03 with a stop loss average down at 163.56 those are your google trade plans for the upside and the downside all right next there was a cd wanted to refresh the tesla trade plan tesla's been on a tear here these last couple of days old trade plan had an entry over 172.33 with targets at 179.89 184.39 and 190.70 obviously knocked all those targets out of the park and then some so let's clean up this chart a little bit let's work on a new plan here for tesla here we go all right do you have a gap down here honestly it's very close to this you know i'm gonna mark it separately for now i'm gonna go back and check this later i'm just wondering if this four-hour level is a little bit lower slightly off possibly just with that gap forming so close to it so gap down there from 173.87 to 169.06 be surprised if one of those levels doesn't become a price target as we look to do this trade plan here given 184.39 level could be a little off at least looking at the hourly it could be just a tad higher it's right there also nice confidence with Neptune there on that slight adjustment so below that we're breaking down this bear herb i'm sorry bullish ribbon here on Neptune and I also noticed here on the 15 minute breakdown below the bullish flag key buying pressure there so i've liked that it's a potential downside entry opportunity stop loss interesting little level right here that i don't have yet or at least currently i should say i wonder if this hourly level 191.181 could just be there's another level there haven't mapped yet that does look like an intriguing stop loss average down level first target oh let's see it's kind of eyeballing this 177.58 level yeah that's what we're going to go with below that i think we've then used these gap levels like i said i'd be surprised if they didn't come into play they'll both come they're both going to come into play on this particular plan so yeah i like that set up for the downside again waiting on a break below 184.78 there though for the upside do you have this weekly level just overhead let's see if we've got any kind of yeah i was gonna say it'd be surprised if tesla was still dealing with too much net Neptune selling pressure where it's at after this recent move that it's made off these lows so let's go back got a bunch of old trade plan levels here long shorts whoops so is that weekly level the key break is my question $199.53 yeah i think it is i think that then gives us first price target at about what's that 2042 over that let's see what else we got to work with two was at 787 and over to a 787 sorry i'm debating a little bit here i think there's a shot at coming up to this 212 34 level um but i think there's also a chance that we reject there to a 965 so i'm gonna use the more conservative that those targets as my third price target for the plan but um as far as you guys are concerned feel free to pick your poison between those two stop loss average down to my ball 196 50 195 30 let's see if uh we get some confirmation there's some confidence on one of those two levels yeah yeah i like this as our stop loss there at 196 50 okay so here's the updated tesla trade plan zoom out a little bit on this one and in fact what i'll do just to make things a little bit easier to see let's copy this over to the layout real quick we're setting that we're looking for a big downside move if it does break below that but looking at this i think we're being a little too generous with that stop loss kind of giving us another look as we get ready to not lock in this plan i'm gonna make that slight adjustment so kind of a big area of a kind of a no man's land potential chop issues sort of thing um between the call and put entry levels but it's just what it looks like so this is one that we're gonna have to be patient with plug this into this other layout real quick that way it's a little bit easier to see oh gosh i got old drawings on here yep i did now it should be easier to see again for me i'm gonna set that that's our third price target you can shoot for that further price target though if you'd like downside it's like this it should also make it much easier to see if you need to come back and look at the trade plan link or if you're saving these chart images somewhere just because there is a lot on that tesla chart my main chart all right so let's copy this link this image uh sorry i'm just now taking a quick look at what's going on in the discord again for those of you in our discord reminder that i'm really focusing on our youtube channel for how we're broadcasting these live streams in the mornings um so if i'm missing your messages in the discord my apologies please make sure that you're joining the youtube side of things because again pretty soon here we're going to entirely phase out broadcasting these to discord and we'll do these exclusively via youtube so again make sure that you are joining the youtube streams there uh in fidea again we saw again sort of a very convincing but right into the early part of the market open on a monday all a little bit you know sketchy as far as entries go in my opinion getting in that early into the day so really convincing fake out to the downside we saw it on google as well i think maybe even that no no just before google went into earnings so it's back in the consolidation area i'd say go back to the uh trade plans i posted in the watch list for member selected tickers and just stick to the plans from here just be careful getting into those you know super early on a monday morning entries especially with you know overall things on an uptrend but starting to show some signs of weakness here this morning with the 200 just barely signed below the 333 there all right so we have one more ticker request over here in the youtube stream wnmd is that a ticker or is that a half an m for something wnmd what's new my dude i don't know what wnmd is didry my apologies no excuse me again i'm still recovering from some kind of a respiratory bug or issue or bronchitis or whatever so my apologies i'm doing my best to not have my voice and throat just totally give up so m and md okay you said wnmd earlier i was like is that uh what's new my dude i feel like it could be mnd mine oh yeah yeah yeah why why did that take me a second i'm holding chairs of this from like i think like two dollars and four dollars or something like that mutton nicely long story short all right let's take a look at this one m and m and md mind medicine just got some fda approvals uh recently for breakthrough i think anxiety treatment i think ultimately what their goal is is to kind of use compounds from psilocybin mushrooms to treat depression and anxiety it's a really interesting thing chris g one of our homies one of the team x trades members um and customer success specialist extraordinaire is the guy who turned me on to this one forever ago and i've just been riding chairs and so on cover calls at the what i feel are the right moments so let's see if we can't come up with a trade plan for this though it's a good good call there didry i haven't taken a look at this one in a while since it's made some of these bigger moves all right so just to kind of get through this quickly i know typically i would go through several timeframes four hour though one of my favorite timeframes for charting support resistance overall though when you're doing it and you have the time to do it make sure that you are looking through multiple timeframes and you're doing things i should go through that process to make sure that you are setting your charts up for future success and trade plans let's see so i'm just going to very quickly because again we're getting a little tight on time before i have to go do this by plan for today this is an interesting little top up here 13 and 9 i know m m m md it's traded up in these higher levels before it's quite some time to go question is it's 13 and 9 an actual level or is that just a kind of a rando rejection there seemed it a little bit it's not quite at that exact spot yeah there's something right around that level something there for sure i don't think we're going to need levels too too much higher but let's go ahead and knock out one more there's something right around that 14 39 level and let's see what we've got going back there's a level there and the question is i gotta believe there's some support resistance might be something right around the 7 10 level but let's see well we haven't had a lot of price action in that range so so we're gonna have about seven ten probably i don't think we validate or get any help with that though no it's an interesting injection there at 667 but again i don't call seeing much of interest around that level either okay well take a look on the hourly here dig into these candles a little bit i'm thinking we're gonna price action is going to move right up into this range and right here it comes yeah i'm still not going to play too much more convinced about either of those levels there might be yeah something right around this 702 level actually let's take a look at where that puts us okay so fill in the blanks as we go from here it's an interesting hourly level i think nine i want to see this 986 level cleared out got confidence with the 333 SMA right there here on the hourly i don't want to see that out of the way over that though we're looking for a potential move up to 1102 so it could be a big move over 986 to get started excuse me even though these seem like two very tight levels on something that's trading in the $10 range 42 cents is actually a pretty decent move so i'd be looking at that second target third target again i'm gonna play conservative between the two options here 1216 could be 1315 now stop loss average down yeah i don't think i'd want to be 952 if i'm going to continue to hold for upside at least from a if you're trading options standpoint let me hide this real quick i got a little bit of noise in the way there from the indicators where i want to see if we have a firmable level and price it right around 876 i think that's going to make for a pretty decent put entry level stop loss here at 926 first target down here at 826 second target 791 there is a level through that yet and third price target down here at 754 again we have this slightly off do these levels fairly fast let's go 756 2 cents difference right not much so here is your mind med pretty plan for the upside and the downside i'll remember you let's see yeah i like that copland's actually there with net tune at that first price target all right so this would be a good one to trade with shares not sure if it's a shortable ticker probably is right here it is our third and final trade plan for the day in mind and we'll send this over to our friends at our discord all right so what do we look for here on my medicine we're looking for a break over 986 with targets at 1102 1142 and 1216 with a stop loss average down at 952 for the downside we're looking for a break below 876 that should give us targets at 826 791 and 756 with a stop loss average down at 926 all right and with that that is going to wrap up our live stream for this morning here on the x trades from our live stream i want to thank you guys for joining me both in youtube and on our discord for those in discord again please make your way over to the youtube channel that is going to be the sole and exclusive place for watching these live streams here in the near future so please make sure to make that a habit of going to our youtube also make sure you're subscribing to our youtube channel because again pretty soon we are going to limit the chat to subscribers only so just to make sure that you don't have any disruptions with being able to communicate with me during these live streams make sure that you are subscribing to the x trades youtube channel it is totally free to do that it's not going to hurt at all so go ahead and get that done and with that as we always see here on the film of the live stream planner trades trade your plans go out there get some greens cure the bag i will see you guys in our discord in the chats i hope you guys have a fantastic day good luck talk to you soon and i'll see you back here thursday morning at 8 30 a.m eastern standard time should have mentioned that all right take care have a great day everybody