 Hey, what's up guys? This is Alex from Xtrades back to you with another weekly trade ideas list. Everybody had a wonderful trading week last week. Last week in our video, we had some amazing setups. I mean, all five of them worked out really well. We had all calls that we were looking at. Every single setup did go to the upside pretty well. And I just love when that happens. I love that, you know, I'm able to find some quality things and share them with you. Every week isn't going to be as good, but last week was just great. So I'm hoping that, you know, this week we'll have just as good of a setup so you can continue to profit as well as myself. But before we get into the setups here, we're going to go into the economic calendar. If you didn't know, we do have a short and trading week this week. I'm going to go ahead and change the impact here. Do a three-star impact. That way we can see the most important data sets. Then we'll get into the setups afterwards. The Monday, we do have ISA Manufacturing PMI. So this can definitely be a market mover. It looks like the consensus that's 47.5, forecast 49, previous 47.7. So we'll find out what that is. Hopefully it can move the market, give a little volatility maybe, or at least give a little movement, you know, around the open. Tuesday, we have the drill job opening. So this can definitely move the market. I think it's pretty important that the labor market does go down a little bit to show us that, you know, inflation can come down and the Fed is doing their job correctly and interest rates are starting to, you know, take a hit on the labor market. That would be less inflationary. Wednesday, we have the balance of trade and ISM non-manufacturing PMI. It can be market movers. The balance of trade, not so much. I haven't really seen to have too much of an effect on the market, but this one can. So we'll see that at 9 a.m. On Friday, of course, when the market is closed, we do have the unemployment rate and the non-farm payrolls. I'm not sure how this is going to go because the market is open when we do have non-farm payroll data come out. So that should be interesting, but obviously, I mean, the market's closed. But maybe the futures will still be trading or something. You know, we can see if there's a hit to the futures or if there's, you know, some upside or what. So that'll be interesting. But otherwise, Friday is closed. So we do have a shortened week this week. All right. Now that we got over the economic data, let's go into the setup. So we have five this week looking at four different call setups and one potential put trade. But I mean, it just depends on how the sentiment is going to go. Volatility is kind of low. The market was pretty tight all the way up until Friday, I guess. Like the range is intraday just weren't that good. There's a lot of gap ups. So we'll have to see what our first setup here. We're looking at so far. So I'm not a big fan of stocks that are trading kind of low like this, you know, $6 a share. I really like this breakout to the upside. So ideally, we're going to be looking for price target up to at least $637. That's that previous gap support. We need to see it get over that in order to get up to $697 next. And then there's one more above that at $729. But I mean, you know, it's kind of a high price target. So it's just depends on how the market's going to move. But this doesn't look good at least up to $637. And if it ends up there, you know, it could probably see resistance about there, you know, curl down about there. We'll have to see. Otherwise, the breakout looks good. MACD is crossing to the upside. KDJ is also crossing to the upside. So you got the KDJ here. You got a nice signal. MACD is crossing up of that arrow right there, signaling that it's crossed over to the upside. And you can see a red arrow over here indicating that it's crossing to the downside. And I have that set up. You know, just in case that you guys kind of looking close and you don't exactly know if there was a confirmed signal, these little arrows kind of do confirm that. So that's all that is. Momentum's looking positive here. You have the over the 200 SMA and also over the 50 EMA as well. So that's good. So looking for a move up to $637, looking at calls. Next, we're going into JWN. This is Nordstroms, a retail trade that have retail stores, obviously they sell clothes and all that stuff, you know, department stores, et cetera. So before this is looking a little bit oversold, right? It's pulling into 1553 support right here. Kind of broke it briefly, but now it's starting to reclaim. So obviously the bulls are pretty strong here. Don't want it to get under that support. You know, institutions, Wall Street, you know, obviously they're coming in to scoop it out of this cow, bringing back over support. Now, even with that, you still do have a MACD crossover to the upside. So you got a fresh signal on that. ADJ is also positive, so that looks good. And the fact that, you know, this is all in the one day, that usually speaks pretty good volume. So higher top frames do give a way better insight than if you were to, you know, trade on like an hourly or, you know, an intraday chart. So this 1553 reversal of support is looking pretty good. I feel like we can see a move up to at least a 50 EMA. It's really not like any crazy resistance that I'm seeing. There's one right here that's previous support that could act as resistance. Little peak here at 2023, but the way, since there's really no like strong rejection area right here, maybe you can say like 1750. I would look for that 50 EMA, a 50 EMA, you know, probably get up to about there and, you know, probably try to reject off there. So that's why you can, you know, if you're not really seeing any crazy resistance or support or anything, you can use the moving averages. They work pretty well as, you know, a decent area that you can look for reversal on, you know, look for support, resistance, et cetera. Looking at calls on JWMX, we're going into plug power. So this is kind of another cheap stock. You know, we do have three here. I mean, we have three all under $20 here, which is interesting, but the setups look good. So, you know, can't really ignore it. I'm not really seeing too many large cap setups like, you know, like the mega caps. Obviously, most of the market caps on these are over a billion dollars. So, you know, that's, that's good. JWM plug and so far, I all, you know, have over a billion market caps. So I'd say they're probably like medium caps. They're not the mega caps, you know, like Apple, you know, a lot of tech names and stuff like that. The plug here, you do have a nice breakout to the upside. See this downtrend line, it's got a test one, a test two, you got a test three. Finally, on test three, you know, flush to the downside, but now it's breaking out of that. Also reclaiming 1149 support. So you get that 1149 support here and you can see the green arrow down here. You are getting a MACD cross signal to the upside. You go up here. I mean, when MACD is up here, you can see it's starting, you know, the histogram's starting to go back green and you did get that positive crossover to the upside. Momentum starting to shift here and the fact that it reclaimed that 1149 and closed over Friday, I really do like that. Price targets, probably looking at short term price target at 1239 and you can see that 1239 came from this low and then there's a peak right here as well. So this is previous support turned into resistance. So that would be your first short term price target. Probably get up there and try to reject about there, but it just depends if they can get over that. Obviously that'll take you to the 50 EMA and your 50 EMA is right here. It's probably gonna be, you know, up in like the mid-13s or something like that. That's her plug. Looking good for a potential pop here. This is a counter trend reversal play, just like JWN and I feel like this could be a decent one. I feel like, you know, if they can get over that 1239, that's probably where the short would start covering pretty heavy and you will see that move up to the 50 EMA. So it looks pretty good. Looking at calls on plug. Next, for another retail slash department store trend, we're looking at TGTs as a target. That's a pretty clear setup. It's breaking out of this one day downtrend. Ideal price targets. I'm looking for probably this peak right here at 172.67. Probably about as high as I could put it maximum. There's a short term peak right here at 166.76. Then get over that. You definitely do have a move up to 172.67. You might see that the KDJ is positive. MACD also gave a buy signal all the way back here, but it didn't make a new low, but never crossed back down at the downside. So the MACD is how it's, you know, positive momentum here. But the one thing you will want to see is get over that 166.76. You can probably just round that up to 167. TGT looking good here. Ideally you might see this run if you start, you know, seeing other retail trades go up like JWN. You can probably just look at like the retail ETF as well. If that can catch a bid, you know, probably start seeing moves in like WMT, TGT, no names like that. So yeah, it looks good here. Just maybe if you want to wait for confirmation for certainty, wait for that 167 to get taken out. It'll take you up to 172.67. TGT looking at calls. Next, we're going into Starbucks. So this is ticker symbol S books. This one's a little bit different. Obviously there is not a breakout here. It's pulling up into a rally-based drop supply zone. So since you have that supply of confluence and the downtrend line, ideally you could see a rejection here short-term. Obviously the back to is still positive. KDJ is still positive. So my Metson is still positive. It's also over the 200 SMA in the 50. This would probably be a brief pullback. You could maybe see it down to as low as the demand zone. But we would probably need to see the VIX start ticking up a little bit more. And you know, the overall market breadth kind of getting weaker. Either way, this does provide a setup for when it does break out too. So what we can do, we can add alert on the trend line and we'll just name it breakout. That way, if it does break out, you do have a nice fresh breakout on S-Box that you can catch. But ideally you would need to get rid of that supply to see more upside and that's gonna be like 106. Right now you're gonna be looking for rejection just because it's still at the downtrend line and it's still below supply. So obviously that can give a nice rejection candle and this can give a good short-term put trade. I'm not saying start entering put swings in this and hold for multiple days. But yeah, you wanna see it get under, you know, those moving averages and you wanna see the MACD start getting negative and then you probably get multi-week swings for puts. But right now it's just a short-term downtrend play. Obviously, you know, it could provide a pretty good setup at supply and the downtrend line. Maximum in the price target is probably gonna be at demand zone the lowest. Maybe halfway of this bullish candle or something. So it's not gonna be like a huge payout or anything if you're just day trading this. You know, there's a chance that it could but with volatility so low, I wouldn't say it's gonna be like a huge dump at this line if that makes any sense. So S-Bucks, I'm looking at puts but I do have a alert set in case it wants to break out and wants to breaks out, you can start looking at calls. But ideally, once it starts breaking out, you would be buying inside supplies so it's a little bit risky. So wait for that 106 to get taken out and that does give you free space up to that 110 and that could come over a couple of weeks or however long it decides to take. So S-Bucks, looking at puts with the exception for calls either breaks out. All right, next we're going into the spies. So last week, it was still trading under this downtrend line. The maximum I could put us was at this downtrend line just until we got the one day breakout. And you can see once they got the one day breakout, you got the candle close over, it did rally for two days after that. We didn't really get a big day from cash open to close until Friday, you can see these little candles. I mean, it was very small range and they were all both gap up days and we really went nowhere. But once you know, you did get those two candle closes outside the downtrend and we did get that huge rebounce to the upside. Probably just end of quarter rebouncing institutions, you know, trying to get those bonuses and et cetera, trying to bid up the market, you know, have a good performance on paper. But either way, this week, I feel like it needs to get over that 410. 410 is going to come from this area. This is this for that November resistance. You have a strong 410 resistance here. It's going to need to get over that in order to get up to 418. We could also draw supplies around here. It's a rally-based drop supply. Obviously, max PTE, I got, if it breaks over 410, it's just the 414s. I would have to see how it reacts to supply up there. And the reason for that is just because you don't know how it's going to react to supply. I think I mean, you could act as strong resistance. You could train inside it for a little bit and get choppy, you know, you go up the weight. I feel like if they can get over 410s, a good call trade short-term up to the 414s. But otherwise, I mean, now that, you know, the breakout already happened, you did miss, you know, a pretty good breakout here if you haven't entered already. And the reason last week why, you know, I couldn't put as any higher than the downtrend limes because I had to see that one day close, I was saying earlier. And once you got the one day close, you can see, I mean, really nice confirmation. That's when people start to chase the higher. They're pretty much in short here. Just wait for that 410, 49 break. That'll take you up to 414. Otherwise, look for resistance, maybe at 410. I personally would wait for resistance at the 414s supply. It looks like a way better zone to start looking for resistance. And obviously that's just going to depend. I feel like, you know, since this is a shortened week, you might see a little bit less activity. Big data set, of course, on Friday, the market's not even open. So we'll have to see how the ISM manufacturing, you know, see how the other data sets do. But otherwise, I mean, we could just keep melting up here. Fix is pretty low. I feel like, you know, might have to get it to lower 18s before it starts to see a bounce. I guess it depends, you know, maybe if the banking system, you know, situation starts to, you know, light itself back on fire, you know, maybe if there's some Fed comments, et cetera. But right now, everybody's kind of at peace, I guess, for now. And, you know, they're pretty much assuming that the Fed, pretty much coming to the end of their rate hike cycle. And that could be, you know, that pivot. That could be the light and the tunnel for everybody. And while you're starting to see this, go higher, you start seeing, you know, high beta names, tech stocks starting to bid up super high. I feel like the dollar correlation is starting to go back. So you got the dollar up a little bit. Future is down today. So the inverse correlation is back on track, luckily. It doesn't scream recession to me. So that's good. But either way, just wait for that four time to get taken out if you do want to buy calls and you could write that up to 414 or so. Next, we're looking at QQQ. So last week, we wanted you to wait until it took out that 313 or that 314 area, which is the top of supply. And you wanted to see a mega base in order to go higher and that had your free space up to that 32150. You can see instantly when we broke out of that level, it did exactly that in one day. You basically had, you know, a small, small day right here, but then Friday, just that huge range day all the way up into the 32151 resistance, which comes from that Jackson Hole supply, or, you know, the Jackson Hole peak from when Jerome Powell spoke at Jackson Hole. And now, I mean, we would need to get over that 32150 to even get up to the, you know, the 330s. The 330s is pretty much a top supply point. If it can get over that, that's the highest I could put you. But right now, this is a short-term peak. So honestly, that's probably why we're seeing a little bit of resistance in the in-Q futures. The Nasdaq futures were down a little bit, but nothing too significant. So this 32151 will need to get broken over. Otherwise, you know, it could reject here and maybe just back test the, you know, previous supply or resistance and try to make a base about there. Because I mean, it did make a little base right here. You can see the wick. That means it pushed down and then pushed back up. You got the, you know, the lower shadow wick pushing up. I mean, it was kind of short-term. It's not like it took a couple of days for this to consolidate. And in order to go higher, it was basically one back test and then it went higher. Maybe it does pull back a little bit of tech here and try to make an actual base off previous resistance in order to go higher. But either way has to break that 32150 to go higher in order to continue this bullish momentum. And that could take you up to the 330s at this, you know, supply peak right here. MACD is still in a positive signal. Obviously, KDJ just got a fresh little crossover to the upside. So that's good. Otherwise, you know, the futures are seeing a little bit of resistance. So, I mean, obviously I wouldn't just start piling in the shorts yet. We'd want to wait for it to get back under that 313 and then under that 304. And that's a good confirmation for puts. So right now, I mean, you would be trying to top ticket just because, you know, you are at this 321 peak. They're probably trying to wait for that to break out once that breaks out. That can take you up to 330s. So this is kind of just a waiting game here. It might be a little bit like scalps, you know, for puts in this area just because, you know, it is a pretty gnarly peak from, you know, previous days here. Otherwise, I mean, really wanted to do shorts and look at like swing trades, really wait for that, you know, wait for us to get back under 313 and then get under that 304. And then once, you know, that would really kind of change the narrative if it got under there. But otherwise, I mean, I'd be waiting and adding on dips. Maybe wait for a 313 dip or something or something around there in order to get a discount. And then you can ride it back up to the 321 again if we were to get a dip. Otherwise, wait for that 321 if you want to get taken out and then you can ride it up to, you know, 330s. Obviously that'd be insane. It could take a couple of days or, you know, a couple of weeks. That's where the key could cue. And, you know, trade safe on this one. It's coming up to a peak. All right, next, we're going into the IWM. So last week, we were focused on counter-trend reversals and what a counter-trend reversal is, especially when it's pulling into support, you're looking for upside because it's just reading down. A lot of support here, you are going counter-trend. It's going, you know, under the EMAs, it's got a downtrend line. So clear counter-trend reversal. It did exactly that. So I pulled on the support, reclaimed to 170.34, closed over it on Friday. I figured that would, you know, back then I reclaimed it, that would probably take us up to the supply, which is this area, it did exactly that. Other than, you know, pretty much reclaimed and hit the price target that I was looking for last week. Obviously this week I can only put as maximum at the downtrend line and maybe this 200 SMA slash 50 EMA area. And you can see that means right with each other. So that would probably be the maximum area that you can see is, you can see it's clear in the top of supply. It's got a little close outside of it. So that's good. But otherwise you will want to see, you know, maybe make a base off the, you know, high supply and that could take you up to the downtrend line or, you know, it could just skip straight up and head up into the 200 SMA, the 50 EMA and the downtrend line. So we'll have to see, but obviously looking a little more bullish until it gets up there. Once it gets up there, you can probably start looking for rejections. You even do have a MACD signal here which crossed up to the upside to see the green arrow here. You got the signal on Wednesday, but I closed. The signal's been in a buy signal for two days now. So it could still be a little early. If you did want to trade up to the downtrend line, it's a pretty good trade. And then once it gets there, you know, maybe take some profits, wait for it to see if they can break out. And then once it breaks out, you know, you can enter and start looking for more upside. That's for the IWM, just, you know, look for that downtrend line to get tested. Obviously that's the maximum PT I can do for now. You can, once it gets up there, you can probably start looking for rejections too. And that will give you a good trade back down, you know, to the top of supply at about, you know, 178. But either way, can't really put you any higher than this just because you do have that strong confidence area. You want to trade up to that, perfect. But otherwise, once it gets up there, wait for that rejection or breakout, that will give you a clear idea. That's for the IWM, looking pretty good here. Next, we're going into the VIX. So last week, the VIX actually was in our video title, but the VIX was finally calming down, which it did. And that was due to that Friday candle right here. You see, it was just a strong rejection candle. And you can see that, you know, after they get that strong rejection candle, I mean, every single day was a VIX decline since Monday. And the Monday especially, it was down 5.15%. So a huge sell-off in the VIX on Monday. And I feel like that's when, you know, algorithms and everybody is starting to save all totes going down, the market's going to start melting higher. And now we're starting to get into an area where I start to get a little skeptical about longs. That's just because every time we've hit these areas, you can see each one I circled, it does start to bid up after that. So you do have to be really careful in this 18-11 to, you know, 16-34, 17-06, all, you know, this pretty much is 19 to 17 area. Very vulnerable to start reversing back up and you will see volatility take back up. And when volatility takes back up, it's usually trying to make a mean regression back to the 20-22, 20-23 average close. And that did drop from 24-79, I believe, to 24-70. So you did have a little 0.09 drop last week. And that's because, I mean, it just violently sold off since Monday. So understandable why the average did come down and it was, you know, pretty far away from that. So that's going to have an effect on the number. This week, obviously, I mean, the maximum I can put the VIX at the 18-11 mark, I would need to see it get under that. And then, you know, if it can get under that, obviously that could take you down to 17-06. Otherwise, I mean, this is, you know, there's a support here, support here. That's the same 18-11. And there's two violent spikes from that area. You have a little spike right here from that. You got another spike right here. That's all from the 18-11 mark. And there's, you know, four tests on it. And you have that one test here with the lowest at 17-06. We'll have to see how it reacts to that. Otherwise, I mean, you know, just, you know, be careful of this area. I wouldn't just start piling into longs, you know, wafer dips, or just by tops and stuff. You know, because the VIX had a pretty vulnerable spot. At the same time, we don't want to be shorting the top yet. If you really want to start looking at puts for a swing, you need to be going 30 to 60 days out. That gives you plenty of time for the VIX to, you know, screw around here, you know, make a base. And eventually, you know, maybe pop back up and go up for meme regression. But for day trades, VALTOTA is too low to start day trading puts here. But maybe even, you know, day trading calls, it just depends. But this is in terms of the spot in the SPX, because the VIX and the SPY are, you know, correlated. The VIX is, you know, just priced from SPX options, you know, out of the money calls and puts. And it prices in 30 day volatility. That's just for the SPY. I mean, if you're going to, you know, I kind of started moving away from the SPY this week. I traded AMD on Friday instead, and I had pretty good trade right off the open. I really love the trade right off the open and the SPY off the open has just been total garbage. I think that's because of the VIX, you know, pretty getting at a pretty low level. It's been good for, you know, call swing trades once it broke out. But, you know, that's about it. Friday had a great day for, you know, if you're patient enough, nice day trade. But otherwise, it's been really slow. ATR is kind of, you know, drying up a little bit. I think the ATR was like, maybe like a $6 average move for 10 days. One day we got, you know, as low as $2.50. We only moved, you know, $2.50 in a day compared to the $6 ATR, which is crazy. So volatility is really contracted. So you have to be careful with that. Otherwise, just, you know, wait for this base to get made on 1811. If you really wanted to start looking at shorts, I would not be day trading shorts yet until you see a spike in the VIX. Once you get a spike in the VIX, you know, that's a pretty good signal that, you know, volatility could be coming back at least short term. And then, you know, that's a good signal to start looking at shorts. But otherwise, you know, if you want to look at, like I said, if you want to look at swing trades 30, 60 days out, this is a great area to start looking at puts for cheap, but also be cautious because, you know, once volatility gets super low, you can start seeing that meltup. So the main thing for bulls here, if you really want to see like an actual like stock market meltup, you want to see it, you know, start breaking out levels you probably wouldn't have even guessed. It really needs to get under that 1706. That'd be a major volatility contraction. That would, you know, be great. Honestly, it'd be, you know, the market would be super slow. Obviously, you probably have to move to more high beta names with volatility, but that under that 1706 would be just a crazy mark. That would be the lowest, you know, it's been in a long time. That could, you know, make the market pop off. But otherwise, I mean, really vulnerable spot here, you know, just because you got all these supports, just be careful with that. But like I said, just watch the 1811, you know, watch the 17s, et cetera. And that's for the VIX. Next, we're going into the DXY. So last week, I feel like it wasn't that great of indicators because, you know, stocks and stocks in the dollar, starting to kind of move together, which is very odd considering it, you know, all of 2022 to 2023 had an inverse correlation. But now you see the dollar up a little bit. The futures were down a little bit. So that is a normal correlation. Friday, it was up, you know, closed up 0.41% and the market closed up green. So that's kind of a concern, but right now, you know, it's back to that inverse correlation for the time being. Same thing applies this week. You do want to see like multiple days of the inverse correlation coming back. You want to see the dollar falling and stocks going up. You want to see, you know, the dollar going up and stocks coming down. And that'd be, you know, more of a thing that, you know, the market's working how it should. I really don't like them moving up together because it does give false signals and makes a lot of people sketched out. Kind of gives, you know, that recessionary vibe to it. And I don't like that. Either way, for the technicals here, we're looking at 108, it was the same levels last week. Pretty much not letting that go. And as well, you know, bounced off the back test of the downtrend line, still holding the back test, also holding over the 101.20s. You know, this is considered an elevated level until it's under, you know, the 101s or so. Or they get under the 101s, you know, that could be good for stocks, depending if they get that inverse correlation. Right now for the dollar bulls, if you want to see it go higher and stocks go lower, you do need to get under that 103.44. If it gets under that 103.44, they could shoot back up to the 105. So same thing as last week, the dollar really didn't move that much. The same outlook as last week, really needs to get over that 103.44. If you want to see it go lower, obviously just need to get under that 101.29. I'll even show you what the 101.29 comes from. We can get rid of all this real quick. So the 101.29 comes from this base. You can see there's a base right here in May, 2022, held up right here. So in order, you know, to go lower, we need to get under that, you know, one way 200 SMA or something around that. But right now, I mean, it does have that one week, MACD crossed to the upside. You can see, you give a signal back here, pull back right after that. Kind of shows, you know, the holes in the MACD indicator, but either way is still holding the signal. KDJ is giving a different signal, starting to point down. So you are getting mixed signals here in the one week, but overall, you do have to, you know, pretty much assume that this level is elevated because it's over 101.29. It's still holding the same base. And you know, anything in 2022 is going to be considered, you know, pretty much an elevated dollar. You'd even count the COVID peak as an elevated point as well. I mean, we've gone over the COVID peak a bunch of times. The COVID peak is, you know, that 102.99 is rounded up to 103. So we can say confidently 103 to 101 or so is an elevated dollar. And, you know, dollar can go higher, you know, unless we get under that point. But we'll need to see that in the future if you want to see the dollar lower. Otherwise, you know, the short-term levels, like I said, I think it was like 103.44 needs to reclaim that. And, you know, that'd be looking good. You know, if you were bullish on the dollar and you want to see stocks go lower. Otherwise, you know, still at a pretty much an inflection point here. Might need a little bit more data. So that's the video guys. I hope you guys enjoyed it. Make sure you like, comment, and subscribe to our X-Troys YouTube channel. I love you guys. I'm going to go ahead and get this chopped up, edited, and sent out. Goodbye.