 What's up guys, this is Alex from Xtrades back to you with another weekly trade ideas list and Last week, I mean just an amazing week on the market. We had a great watch list If this is your first time tuning in, please Like comment subscribe to our extra YouTube channel. I'm trying to get stuff to hit the algorithm a little bit more So if you could do that, that'd be great And maybe even go review the last watch list we had See if you can get some educational value out of it because we had some great setups And caught a lot of upside this week on the market. So Should make another interesting week on the stock market this week Went crazy last week. So Let's go ahead and get into our first setup here This is ticker symbol Q com. So it's Qualcomm Setups pretty obvious, right? You got test number one test number two Test number three now breaking out to the upside. You got two confirmed candles outside the downtrend break So this could be given a little run up to the upside here It probably be a little short term though We got a supply zone right there. So it could make it a little bit riskier for calls, but If you wanted to you could also get time on your contracts But I think this would make a good day trade short term. I'm just trade up to the supply sell it supply If you really want to get time on your contracts, you can hold pass supply You could deal with any resistance that way because you have time, you know to expiration But on the setup seems pretty obvious Breaking out trade up to supply. You got positive MACD RSI is crossing back over 40. So You do have some of the positive momentum here. You also have it clearing the 50 EMA On the daily time for him. So that could be good Yeah, so it was like a cause on this this week And I'll go ahead and get into our next setup here and This week, you know, there's it's a mixed bag, right? There's a couple setups that are given two opportunities They're tricking calls and puts but we'll go ahead and get into those so Microsoft This is actually only a put setup that I want to look at and it's really only for a day trade. So you can see Microsoft finally filled this gap, right? from its last earnings report Go ahead and add this gap real quick So, yeah, so I filled filled the gaps a little golden zone you see here And once it fills, I mean a lot of stocks will start seeing it get resistance, right? And not to only mention that it's running into supply here. So We'll draw a little thing. You probably see resistance about here Maybe come back down test that little gap resistance right there. Maybe try to curl up there or something But um, I think this will just make a quick good day trade Assuming you can get the confirmation of a rejection Because you do have two things working against you here You do have a positive MACD showing positive momentum And you also have a clear in the daily 50 EMA. So Yeah, just something to something to keep an eye on Um, obviously this would be invalid if we went over supply So if it's something like that They probably try to like curl up about there after making a base off them, you know, old resistance But yeah So just wait for confirmation, of course, you'd want to see the morning opening up with, you know, selling or Um, just confirmation that it's not clear in supply yet. You do have a couple things working against you Like I said the MACD um, the 50 EMA and also vix Volatility is low. So Just something to keep in mind. But um, yeah, so we're looking at puts on that qualcomm. We're looking at calls Microsoft looking at puts And there's a couple other that are kind of a mixed bag also So this way you're really want to especially wait for confirmation showing you that you should take setups because You are getting mixed results By some of these setups and as well I was getting, you know, mixed signals from the market So next we're going to PayPal and you'll see what I see What I mean in this setup here. So we got test one test two. There's a third Um, almost a test four will pretty much count that as a test for now coming up for a fifth test at this downtrend line Um, you'd be looking for A little bit of resistance here. Maybe um, you'd want to see it confirmed under by open Um, otherwise If it opens over it Is it going to have backup to supply more than likely So I'm going to be looking at calls and puts on this Not just puts. Um, because it's at the downtrend. I'm going to be looking, you know, at calls too, maybe But like I said, we want to see an opening outside or opening inside. Um That's going to be the deal breaker and you don't want to just rush into it You know and take a wild guess. You do have a little resistance right here Oops, I accidentally added an extra once you get a little resistance right here If they stay up under 91 34 That's another good confirmation that I could see a little downside Head back to this 50 EMA maybe um So yeah, it'd probably just be a note a little day trade. Um, if you could get the confirmation of either Swing trade just get time on expiration per usual Um And you know, if you did take calls to the upside for a swing trade, you're not really that overbought on the RSI yet You just got a positive MACD signal. So that could be getting early signs of upside Um, it just depends. So puts maybe look at quick day trades if you get confirmation Calls, you can maybe put up with a little bit longer to the upside. Um, to the end of the year Um, we'll just have to see Um price targets for puts You just be looking at the 50 EMA Um price digger for calls short-term you'd be looking at the supply right here or you know maximum You know 95 57 at the top of this resistance So, yeah, uh mix bag two setups Potential setups calls or puts just wait for confirmation Okay, UPST is upstart holdings. Um, they do like, you know loans and stuff for um, you know, just regular consumers But you can see pulling up to the downtrend line here. We got test one test two test three Um, also have the 50 EMA in the way. You got a negative MACD signal RSI is crossing over 40 so that could be given a early sign for positive momentum But we'll have to see So same thing as um paypal You want to see it open up under the downtrend line confirming resistance For puts or you want to see it opening over or you know, at least attempting to and it could run up, you know Back to this little here. We'll add this little peak First, so yeah, if it broke out you can see it, um, running up to that little peak Maybe reject about there if I can get through that You know it held up to the next supply Something like that Um downside It's pretty obvious. I mean, this is just a total buy imbalance You know if bear market does go back into effect um You know, this whole buy imbalance area can fill back down. They had a pretty bad earning. So, um You had to wait for confirmation on this Um, you can see it's not clear the daily 50 EMA. So this could have a little bit harder time I'm getting positive momentum But if it can get the breakout and over the 50 EMA that gives you really good confirmation to 2610 and also supply So you got calls and puts on this too Just wait same with paypal. So these are two like more decision trades Um You're going to be waiting, you know to pick a direction obviously Microsoft um more clear at supply Um, it could make a good, you know, quick day trade off supply q-com a quick day trade Um on the breakout up to supply also Next I'll go into IWM So I usually just track track this, you know, it's like, you know, an overall market indicator But I do like trading it sometimes too I'm same with qqq and spy Um, really any of the ETFs that have good liquidity on the options. I like trading. So With IWM here You can see we had a great breakout. I mean a couple weeks ago Um, finally pulling up to supply. So this is a rally-based drop supply zone Um, you also have 200 EMA resistance And you have the 61.8 percent Fibonacci retracement level right here. Um, and that could you know Call for clear resistance honestly with all three of these things and In confluence There's a pretty good chance that this can reject Um, if they got over obviously, you know, as such They probably try to make a base off that, you know, like I always preach Um, if it breaks over resistance, it'll pull back into over resistance make support and go higher. But um This little wick off supply kind of giving a clear signal. Maybe that Bulls, you know, maybe aren't as strong on this one at towards the end of the day I'm on friday, but Yeah, you just have to be careful also because of the, you know, the VIX is you know, pretty low Um, we do have the dollar giving us a little bit of signals. We'll we'll go into that in a little bit though But IWM so You do have a gap right here Pretty obvious. Um, that's from the cpi report Inflation did go down a little bit. Um, quote-unquote. So market rallied very heavily But IWM if it could reject you could maybe see it go back down fill the inbounds area Fill the gap try to make support and curl up about there um You know, that could take a little bit and Also, we're going to be going into the seasonality. You'll see why that may not happen um for the rest of the year But um, just something to consider this whole buy inbounds area can be easily filled back up Yeah, just um Just like all the other put setups this week, you want to always wait for confirmation to see confirmation of selling maybe around the open And um, yeah, just taking quick day trades. Maybe, you know, not overstaying your welcome due to volatility dropping And also due to inflation dropping a little bit. Um, makes makes bears, you know, a little bit more at risk So, yeah So q-com we're looking at calls microsoft puts Paypal UPST both waiting for confirmation for calls or puts since they're both at trend lines IWM would be looking strictly at puts just because of the three Think confluence. So you got supply you got 61.8 retracement and you have the daily 200 EMA So three areas of confluence that can turn the resistance Next we're going to go into the ESSMP 500 futures Let's go ahead and fix this up a little bit because it's a lot of resistance points So last week, let's see We were looking at this demand zone down here, right? Um, we said there was a chance if it held You know add this demand. So this is the same thing we're looking at last week I'm just kind of going over it with you again. Um, we we were about right here We had confirmation that it was holding we said if it did it could run back up to the downtrend line it did exactly that and broke out. So it had a total major breakout Created a couple near demand zones, which is good Got over the october peak and got over the resistance that we covered last sunday So just a crazy move from that inflation report You can see it's coming up to the daily 200 EMA, which is um, I mean that can act as resistance. You have to be careful You can see this is a huge sell inbounds candle. Um, it could fill back up eventually, but um, but the 200 EMA might just want to be careful And you'll see on the um Seasonality that you know, we could see a little bit of resistance maybe before going higher this week. So Um, if it does decide to reject 200 EMA You'd see it pull in probably try to make support off there before You know going up toward the next trend line from all-time highs Down to here So this is our major blue trend line. Um That's pretty much that covers the whole 2022 And um, you know all-time highs. So it's a pretty important one and eventually it will be tested So yeah, just um, maybe look for resistance this week If it can get over the 200 EMA, you can see it running up to supply in the downtrend line And uh, we'll go into seasonality real quick. So this is What is this? November 14th up to November 18th. So that's our trading week Um, you could see s&p is averaging a negative 33 return Um, nothing too big and you can see down here. It is a little dip So just something to keep in mind and remember this is not like something a totally a bye-bye. It's just, you know something to look back on Due to history and history does sometimes repeat itself. So And you saw last week, we we you know, we had about a about the same but in a positive return So we had about, you know, like a 0.3 return to the upside. We were able to get some upsides So I'd say we're following the seasonality pretty well. Um minus one week that I did cover You know, it actually did the opposite. So, you know, it's not always going to follow, but yep Next, we're going to enqueue the NASDAQ So, um, you know at one point we had that inverse head and shoulders Um, we invalidated it pretty much And now I'm sorry, we also had that downtrend line. We hadn't cleared it yet. We cleared it this week Um, and then we were just saying to wash this 52 week low and that it could, you know Base out down here to maybe go higher up to the trend line Um, it actually exceeded that, you know, by a pretty pretty pretty large percentage. So um You know, we can only that go off what's in front of us and at the time Down here, um, if it's making a base, we can really only guess up to the trend line until it clears it Well, now it's clearing it. It's also clearing this resistance. So now I want to do the same thing as the es You know, make a base off previous resistance To be able to go higher. Um, and you can see it's not even close to the 200 EMA like es is So this could still have a lot of upside Um, I'm not really seeing any clear signs for resistance on tech yet. Maybe this little supply area right here But we'll have to see Puts, like I said earlier, just going to want to maybe keep it You know at day trades Um, be really careful with swings. Maybe wait for vix to get to like 19 or something like that To play a meme regression back towards the average and we'll go over that in our next But yeah, so you can see it broke out that short-term line This is another big trend line that I would watch. Um, this is kind of like Similar to the one on es, but this is not the one from all-time high if we move this up Here to all-time high area um You know, it bring you up to there so eventually The nasdaq can see it, you know Come up to here and try to reject about there But yeah, so this is also the most hated rally peak. This was when um We were pretty much retraced 50 of our losses for 2022 and it pissed a lot of people off because It just didn't make any sense. Um, and that was when there's a lot of pivot rumors going around So, you know, we we can see that again now that we have a little bit of signs of inflation cooling down But that doesn't mean that the macro is looking great because it's really not yet You know one month of a report is not something to justify A bull run and um, you know all-time highs again, you know, it could be very far from that There's somebody to consider So yeah, just looking for it to base out on this old resistance. Maybe head back up to here if it can Um, obviously the whole market would need to move, you know in sync with that um Sometimes tech will outperform a little bit, you know, it will go a little bit higher than the other same with the dow Dow was going down negative 7 percent year to date. Um compared to a lot of other things. That's seriously like that's a win Um, so yeah, just something to keep in mind Vicks All right, so first let's get into the data and then we'll go over a little bit We'll be went over last week and what to look for this week See if I can get it up here All right after friday's close on 11 11 make a wish We had 22 53 is a close Um, this brought our average down to 26 20. I believe last Sunday was like 26 26 or some 26 25 Somewhere around those so it did drop Um, and that's because of the multiple closes under it obviously So yeah, so we have a 26 20 average close for the year 2022 um We can see it actually it pulled back up to it Which is really interesting and then literally rejected right off the area in this little 200 EMA So clear medium line clear area of resistance and it's also, you know A media line or you know something that it will regress back towards and it can act as resistance. It can act as support Um, because it is an average price So yeah, last week we said look for it to fall It did fall Look for 22 64 it hit 22 64. So now Um, I did close under that. Maybe we could see it try to hold up this level a little bit um depending, you know How high the dollar wants to go you can see it's up a little bit but And if it wants to fall the seasonality, of course So it could base out here. Maybe try to go back up to the average me personally Um, eventually I do think it will fall down to the 19s And try to curl up there and that's where I'll look at, you know, longer dated put swings Stuff you can hold shorts overnight because volatility is cheap And um, because eventually it will Um go for a mean regression back to the average It'll do that for both sides. You saw, you know In one of our videos we had 35 Um from 35 we're looking for a mean regression back to the average. I did that now we wait for it to get about 19 And then it would come back up to the average So, yeah, just something to just watch this 22 64 level maybe look for it to base out Volatility to come up a little bit Um, and also look for it to maybe fall to 19 19s or 20s or so Um, you know, if the dollar could stay You know down and um yields can stay down and stuff like that bonds bounce We could see volatility come back down some more But I'm not sure I'll be looking for this 19 level this week Um, I don't think I'm really expecting too large of moves in the market We might have to see some resistance and make a base and structure To go higher first. Um, and that's kind of what I'm aiming to look for Next the dollar So the u.s dollar um We were looking for this 109 area to hold for bears. It failed to do that um And also broke under a longer term trend line, which is just amazing because we've been covering this, you know for a while now And you know, I said once it gets under this trend line, you know, bulls will come out and they they certainly did so We definitely want to see it staying under this Um, we can see maybe fall as low as 104s You can see down here Um, there's that 104 63 level right here And um, there's also the daily 200 EMA so I could probably try to curl up about there I'm guessing that's where currency traders would, you know, maybe start looking for it to reverse Um, just do the technicals and you know, moving averages are, you know, a very old school and very reliable Um, area to look at, you know, stuff to turn around at and even reject Like an active resistance too So, yeah, I look for it to fall a little bit more maybe Oops Look for it to fall a little bit more maybe um down to 104 Something like that, or you can see it make a base off the 200 Before going back up to 107 And rejecting that there and we're just using that previous Area as a price target if it if it decided about and our downside target. We're using that spit it right here So, yeah You can see the magnity is holding a negative signal Um, so we got plenty of negative momentum still our size getting a little low Um, that's a little bit concerning because it could bounce from that But we'll have to see Also, we can do is You know, look at what's in front of us and you know, make an educated guess So it's all trading is waiting for something to hold waiting for something to break waiting for something to break out Um, that's all it is. Um, that's all technical analysis and charting is Um, so I hope you guys enjoyed this video Please make sure to like comment and subscribe to our x-trades youtube channel And i'm gonna go ahead and end this and get this video up for y'all get the watch list and all that good stuff But yeah, y'all have a blessed sunday. Thank you