 what's up everybody good morning good morning hope you're doing well what's up strife good to see you here glad to see you made it you guys should have my audio and stream going now so let me know if you notice any issues as we continue to figure things out with the full YouTube approach here let me also get this going over in the morning live stream channel just so they'll have it and so I can continue to remind people that we are over on YouTube now all right where is what am I sharing here I want to share that screen there we go all right that's up and running hey what's up the unknown good to see you here good to see strife thanks for joining me this morning gonna talk a little bit about the market recap a couple of trade plans if there are any existing trade plan I'm gonna go over just the couple that we did on Tuesday but if you guys have any other trade plans that we've had out there sure yeah we take a look at RH you know just be a little bit careful they did just report earnings yesterday so generally speaking I think there's well it's the right way to say this my personal opinion on this and I know a few others shared as you generally want to kind of stay away from going after something that just reported earnings for about three days let the dust settle three-day rule is what a lot of people would call that but anyway we'll take a look at it and see if we can't come up with a good plan for it though regardless so let's see I've got my string doing over in the X trades discord for those watching on X trades just a friendly reminder we are doing these streams on YouTube now so let me share this with you bear with me for those who are already on YouTube I appreciate your patience just drop this oh yeah just sitting right there anyway so that should take you to our streams if you guys wouldn't mind come in to join us over on YouTube that is really where I'm keeping my focus now moving forward I am still broadcasting to the discord but as far as the chat goes and all that sort of stuff we were trying to push everything over to the YouTube side of the house so please come join us there that would be greatly appreciated alright so let's get to talking about the market what's going on what should we be looking for as we go into the training day and then we also just had some economic data come out seeing a little bit of a push down here off that nothing major so far just looking at a couple of time frames but ultimately rejecting the top of this supplies and four-hour supply that got put in a while ago we topped out there yesterday we're tapping the far edge of it again here pre-market that's been in place for a little while since back in kind of been March so anyway we'll keep an eye on this to see how this goes let's take a look at what that data was that just came out I haven't seen the numbers yet personally so let's talk about that real quick don't talk about you know what to kind of look for with the market in general we'll go over these couple of trade plans that we did on Tuesday and then we'll dig into some new trade planning just taking a quick look at the economic calendar here GDP growth is higher than the consensus border over quarter but significantly lower than the previous I think maybe the market was hoping for a bigger surprise beat versus the consensus possibly consensus was 3.2 per 3 was 3.4 previous reading that was 4.9 corporate profits not surprised those are still riding high even bigger than the higher than the last reading price index you know slightly higher than the consensus but lower than the previous reading so jobless claims also kind of right in line so yeah I'm not not really seeing it a lot here that I'm expecting to cause a major shift in the markets also don't forget we do have Chicago PMI after market open as well as consumer sentiment so Chicago PMI at 945 a.m. consumer sentiment at 10 so just keep those data points in mind as we head into the trading day those can cause the market to move around shortly after open could also cause the market to kind of hold and maybe stay flat a little bit in anticipation of those data points coming out after open so again just things to be mindful of as we prep for the trading day also be mindful of the fact that today is the last trading day of the week the market is closed tomorrow for Good Friday we do have a lot of big data coming out tomorrow or really kind of important data should say big it's not a great way to study data a lot of important data coming out tomorrow as far as PCE personal spending and income those all drop tomorrow at 830 then we have J pal talking tomorrow at 1130 so all that's happening while the market is closed we also have end of month and end of quarter today this is the last trading day of March and last trading day of the quarter so there is going to potentially be some rotation happening in the market and some portfolio rebalancing so you know be ready for some pretty wild swings and volatile movement today I'd be surprised if we don't see that after we get these aftermarket open data points out of the way so all the things that you should kind of be aware of as we head into the trading day today but again looking at ES and kind of just thinking about the market in general through the lens of ES what are we seeing here well clearly we had a huge move there going into the close yesterday ran up out of this demand zone sliced right through pretty much every indicator was this resistance I have but did top out right at this existing supply zone so kind of interesting that we didn't go ahead and invalidate that and we are continuing to reject it here this morning also got a old fib extension not old it's you know probably been there for a little while now but a fib extension that's been in place from some time ago up here at 5312 that we seem to be catching clean resistance off of right there so a little bit of a pullback going here going on here into open wouldn't be surprised to see it hold there's a decent little confluence of support down here at 5302 below that we could see the market start to retrace a lot of this big buy side and balance that came in right as we headed into the right as we went to the close yesterday so anyway things to kind of be aware of think about from a general market perspective as we prepare ourselves for the trading day today so let's see who else popped into the chat here what's up Wayne good to see you here when I just did some mentoring on Tuesday so good to see here Wayne hope everything's going well and what we talked about Tuesday evening was helpful when you're starting to apply that and practice some of it especially the system for drawing support resistance that's pretty key in my world and opinion as far as how I like to go about setting up my trades and trade plans so glad to see glad to see here Wayne thanks for joining what's up Chris what's up Harry good to see all you guys yeah yeah knee jerk reactions do happen that's absolutely right it's going to be a very interesting day today all right so again overall a little bit overextended here on a higher time range let's just take a quick look 15 minute out of curiosity you are getting an SMA crossover here breaking slightly to the upside you know again still overall bullish flag but I think for the market to really try to test current all-time highs and potentially try to push higher we really need to get through the supply zone here and get over this 5312 level I think until we've done that there could be some some challenges I may need to pull back and find some some more liquidity to volume to really push up and push through this so again today is going to be an interesting day so quick trade plan recaps let's take a look at these XLE nothing happened happening here yet as far as any kind of confirmed entries we've kind of just been riding sideways in between our call and put entry levels here even though I think we had them dialed in pretty tightly it's just sort of been in a range still for XLE and so it is testing this 93-92 call entry though going into open I wouldn't I would also not be surprised to see XLE getting some movement today as there is portfolio rebalancing and some rotation happening in the markets today that would definitely be something I would keep on watch to look for XLE to potentially break out today and make a push for some of these upside price targets and I think it could potentially do that independent of what the overall market is doing because we start to see a lot of selling in the tech sector in the Mag7 names we could see that kind of bringing the market down while other tickers like XLE might continue to run and push as things get rotated into things like the energy sector which is what XLE tracks so nothing to see here really but just make sure you circle back to this trade plan for those of you watching on YouTube probably the best way whoops probably the best way to we'll get back to XLE there by the best way to do that is when I share those links here in the chats you know just go ahead and save that image somewhere something like that for those in the discord I'm always posting these in the options watch list channel so you can always have them there to go back and refer to and just a quick reminder recap if you will you know when we're looking at the way I set up these charts for our trade plans the solid lines those are entry levels dashed lines are our price targets these heavy dotted lines are our stop loss average down levels and again this is also indicated by these long short tools here with the risk areas and reward areas above and below here so anyway just a quick reminder on that let's get over to Baba again this has kind of been a tricky one did have a gap down below our quick entry level but ultimately pushed back up through that before market opens so really we haven't seen an actionable entry take place on Baba yet and again we've got to be pretty careful with these Chinese stickers because again they do gap down and gap up when you see something like this you know I'd really be watching for a potential retest back test entry of the put entry level if you even get one which we didn't really get one here on Baba we did a little bit pre-market but the other things that kind of you know just give me give me pause or make me a little bit more cautious when it comes to to Chinese stickers is the fact that we may have essentially Baba may have come down hit our price target and then this could be the start of a bounce back to the upside after hitting a price target for all we know it went down a hit a couple of price targets you'd have to look at you know the overseas indexes or pull the chart from from the overseas exchanges I should say to see really kind of how this played out overall but using just what's available on the New York Stock Exchange again it's it's you know there are moves happening that we just can't see so you know keep that in mind as we look at anything in you know Chinese ticker sector but oh hey Chris and Wayne like CCL so we'll definitely take a look at that I also saw FCX and RH so anyway long story short nothing to see here really kind of interesting resistance there at that weekly level at 73 30 also both SMAs overhead kind of fighting with each other as far as they just were kind of continuing to flip back and forth with a quick little bullish bearish crossovers here but they're tied up with each other and that's a pretty strong confidence I'd say overhead there as well so we do see a breakout to the upside for Baba I would certainly you know look to scale out pretty heavily there at 73 30 with those SMAs on the hourly chart sitting just overhead all right so let's get to some of these new ticker requests we've got from first ones from unknown reviews here on our YouTube feed wants to look at RH restoration hardware not to be confused with Robin Hood even though everybody will refer to Robin Hood as RH in the chat this is restoration hardware I remember they not too long ago got a big spike from Buffett dumping some money into them interesting that doesn't provide any more guidance or the name or anything like that up here 99 percent sure it's restoration hardware though right all right so they did just report earnings yesterday not a ticker that I've really spent much time with as you can tell by the total lack of any kind of support and resistance levels or drawings analysis etc on the chart here but looking at restoration hardware creating you know pretty strong looking bull flag here trying to break out of that pre-market after earnings were reported yesterday after hours again a lot of traders out there myself included lived by sort of a three-day rule if something's just reported earnings you want to probably wait about three days to you know to really kind of put too much on the line or get too much exposure to what the moves are going to be post-ER I kind of want to wait for that dust to settle a little bit but let's that being said let's see if we can't come up with a trade plan some people like to live dangerously and want to go after this right away so that's that's totally fine as well all right so yeah we're always like to start let's get some levels on a chart let's also kind of find our range that we're going to focus on and again for those of you who have any questions about this stuff as I'm covering it thanks Harry I really appreciate that buddy yeah I feel like that daily spy plan rocks we really nailed that rejection level yesterday I mean like almost to the to the penny I'll pull it up real quick just to show you guys sorry don't know what's going on through this one but this was our call entry level as we were heading in shortly after market open that's where we rejected from I mean almost again to the penny rock you know didn't quite make it down to this fourth price target again I was kind of starting to think that some more downside would play out after we didn't kind of bounce right back out of this gap and we kind of stayed in it for a while but that's the way the markets been moving a lot lately it's kind of you know you'll see a big move early a lot of sideways movement and then a big move late in the day you know it's been it's been a little bit challenging here as of late but I expect that to start to settle as we get into the new quarter and start trading in the month of April but yeah thank you very much all right so let's take a look at our age like I said let's find our range where do we want to kind of keep our focus on this thing get this out of the way that's just taking up screen real estate we don't need to see those guys either all right let's see looking for kind of my where's my key bottom level here which I think is probably right about your yeah that looks fairly good from a weekly perspective as a whoops as a SAR level as far as upside range goes and it's already at 327 pre-market I'm kind of interested by this double top here question is can we really confirm that it's a support resistance level I think it's actually slightly higher so we're kind of rejected just below that weekly resistance right there there could be that this level is also kind of get moved down slightly but we'll keep an eye on it I think that's a good range though for us to stay focused on so I don't get to go down a rabbit hole and spend way too much time trying to plot out every support resistance level I see instead of focusing on let's just knock out a effective trade plan for the near future right that's what we're here to do this guy is probably sitting right there actually right off that injection maybe it's that's it's kind of there I'm gonna leave that for now in fact I might leave this kind of as a placeholder I think it I think it's a weekly level it looks it's got the the minimum requirements there I did I do like the a couple of support resistance flips I've seen off that level just looking at it but I'll circle back to that one in a second this level here yeah there's something there it's only got one support touch but it's it's there here here yeah these are kind of tight little levels there with each other interesting level here you know what I lied I'm gonna put one more in down here this is an interesting level too but I won't go any lower than that I promise I don't think we're even gonna need that for our actual trade plan but we'll see yeah definitely something here but we've gapped up over that anything else that just kind of sticks out to me from a weekly chart perspective yeah there's something here as well I think we're probably good to go maybe yeah there's something sitting right about here as well all right that's pretty good let's take a quick look at this just want to see how this thing moves during extended hours all right I'm gonna use extended hours for this guy so let's take a look at the 24-hour chart I want to see if I can nail down what this blue line level is again I'm leaning toward it being a weekly level little messy could be sitting right here actually as a daily level I think let's take a look through this price action here yeah yeah I'm happy with that being a daily level right there okay see about let's take a look at this here we are pre-market trying to push through this next weekly levels that could be an interesting break there does appear to be another small SR level sitting right about here possibly see want to see yeah it's it's kind of hanging out right there it's about a $4 range off I mean it looks it looks like it's super tight here on the daily chart but it's not as tight as it seems there this is an interesting yeah that's an interesting level for sure and let's focus kind on this recent range a little bit more yeah we've got something sitting right here on the daily as well as yeah there I think we're gonna need anything much lower than that from a daily perspective yeah we've got the level there this could yeah if we climb over that 334 level it's a pretty big selling balance that this could reclaim probably takes it pretty close to that 361 95 level so upside continuation looking interesting as far as RH goes my question is where is this level there's something right in here let's go back this way a little bit see what history has to tell us I'm gonna go with the more recent that I think this is playing off of it's got it's got the it's got the touches we need long story short this double top on the daily is interesting again this came just shy of that weekly level that looks pretty key to me yeah there's there's something sitting right about there yeah at those levels about where I wanted it to it's a little bit interesting right here and then do we have much in this little range not a lot that I'm seeing clearly on the daily chart although this does look there let me just keep an eye on this real quick yeah there's something sitting right there I don't again we'll see how useful that is to our plans that we're getting ready to do but interesting tops here too on this little range it's right about there anything else sticks out to me from a daily perspective answers I know this is one more level that is I do want to take a longer look at yeah yeah I'm seeing it there's there's something there all right this little range gets doesn't get a lot of respect or a lot of support resistance put in okay so let's see four hours or anything overhead do I get some kind of more yeah validation that think what we're looking for it's now that it's becoming clear it's a break over this 320 73 level option now sorry take the wrong one how did I do that this is the one I was looking for well aside of it I guess I was moving my right around about 320 sounded too low 33492 that's a level we're looking for a break over over that I think it would be let's take a look at this on the hourly it would be it greedy to shoot for much more than this daily level right here again big selling balance of fair value gap that I think we take all the way up to 361 95 there'll be some stops along the way we fill in the blanks here on the hourly chart as I see them although in hindsight I'm now noticing stuff like that that I did not see I was first deciding whether or not I wanted to go back and forth between the 24 of the daily chart as well as whether or not I want to use extended hours or not but we'll we'll go with it we're here I probably would have stuck with regular trading hours for this one but that's okay we'll make this work nonetheless so I think there is an hour here of an hour a level an hourly level here there we go as I'm trying to say off this rejection want to use that as PT1 over that we're shooting for 356 05 I don't see anything on the hourly that changes my mind about us getting to up to that daily level and then I think we're shooting for the 361 95 it's pretty close to closing the fair value gap in my opinion and take care of that sell side of balance so question is where do we want to set our stop loss average down 330 91 weekly level is a little too tight I think but we need some price action to help figure this out yeah I think we're looking at this level right about here as far as a good stop loss average down let's get that dialed in all right downside let's figure that out yeah pretty clearly I think we're looking for a break back below this weekly resistance will flip this daily in our stop loss average down first downside target takes us down to this hmm you know I don't want to be greedy I think it goes down to 299 94 there is a weekly level right here as it wasn't really tested on this move to the upside but again I think I think we're maybe shooting a little too deep or too you know for too big of a move down to 299 94 could wind up and I'm seeing some action playing out like in here between those two levels but again on this move up this was our kind of last resistance test before he created that big buy side and balance so it could I'm thinking 299 94s the actual level but doesn't hurt to take profits a little bit early nobody ever went broke or blew an account selling for profit right second price target down there the next daily level I think we've got a level right here I wouldn't want to ignore that we use as our PT 3 so here excuse me is your RH trade plans here are your RH trade plans speak grammatically correct about it all right short position here so let me post this for you guys oh gosh doing all this TA not even thinking about where our confluences are got too focused on price-actional in there for a second a doubt yeah I was gonna say I doubt it's gonna change anything for the upside trade plan with that earnings report move that we just saw everything's gonna be kind of to the downside good confluence down here at that weekly level so yeah I think that was the right call this 200 SMA could wind up pretty close to that ET2 depending on how the price action plays out yeah I don't see anything that really changes my mind as far as confluences that nature so let's here is your RH trade plans the folks on YouTube and then in the options watch list over in our discord here is your and all right you're very welcome in a review so let's talk through this real quick now that you guys have a chart to pull up again save that somewhere if you don't if you're not in the x trades discord if you are it's there for you in the options watch list so what are we looking for here on restoration hardware we're looking for a break over 334 92 that should give us upside targets at 346 58 3505 and 361 95 with a stock loss average down at 329 38 to the downside we're looking for a break below 314 95 that should give us targets at 30342 292 34 and 283 97 with a stop loss average down at 323 those are your RH trade plans all right next on the list we had CCL I think Chris also chimed in on CCL let's take a quick look at this also should have some yeah existing levels on it I did ride car will wave back on the day from like 11 up to the 13 something range but in a while since I've looked at it and I definitely have not been thorough support resistance levels up here that interesting though that we are seeing off this weekly level from whenever the last time I looked at it was seems to be what we're trying to hold here pre-market so that'll be interesting but let's start to dig into this a little bit further let's fill in some of these blanks that are definitely on this chart without a doubt that is a weekly level interesting I think this is a little bit higher actually like that triple bottom over there this looks like smarter level to me interesting gap here on the weekly chart question is that was that level so far we've got I was of the essence I just don't see enough else at that level to do anything with it so I'm gonna skip it for now this is a bit interesting now right in this neck of the woods pretty close to that level close to that gap I should say big bounce off this weekly perspective but nothing else really showing that and important now it's kind of close it's it's the bare minimum I think it probably is gonna look better as a daily level we'll see here in a moment all right let's get some of these upside levels knocked out this is where I really have not spent much time because like I said last time I was really looking at carnival it was and nowhere near this current price range so it's been a good recovery for cruise lines for sure anything else in here interesting little touches of support resistance but yeah there's maybe is something right about here all right let's keep moving get ready to switch to the daily charts won't take one last look at things like that weekly level that's good all right let's get over to this daily chart interesting little uptrend here sticks out like a sore thumb want to keep that on watch could be in a little bit of a channel even let's see what happens when we clone this is it fit up top as well as the bottom yep definitely riding this channel here so we'll keep that in mind all right any new levels that I see from a daily perspective there is one sitting right about here I also want to figure out this little placeholder line yeah I think this is a daily level just based on what I'm saying and there's something right about that right yeah right about here that's good anything else here on the daily chart I think we've got some pretty tight weekly levels kind of probably doing most of the work in this range this is an interesting little support resistance flip that's daily level yeah that's right about where I think it is oh yeah Harry just yeah ping me I'm sorry I didn't mean to skip FCX yeah ping me I'll try to put something together for you here during the trading day we just had a couple people ask for CCL I must have maybe missed the order there my bad my bad dude sorry I did not mean to skip you we'll see if I can't squeeze it in here before we break away but my apologies I totally you're right you ask first first come first serve it's a little tight and up there a little bit it probably comes back down there and I quite touch it I think there is a little bit of a channel happening here for sure definitely looked good on the higher time frames all right so let's fill in some blanks here let's figure out what we want to do with this carnival cruise lines trade plan this is definitely an interesting early level breaking below this weekly level could take us down to that but I don't know when it happens this ascending trend line could be in the way so I'm almost a little bit more inclined that guy and more inclined let's also check this as I think about this stuff yeah with the 200s mail so sitting right there a little bit more inclined wait a little bit longer for downside shoot for 1664 entry all right let's figure out where targets are off that I think it's probably sit in right about here so our first target second target it's interesting little bottoming action right there although that could have just been catching that trend line at that point yeah there's definitely something right about there yeah can't ignore it 1616 1591 and that doesn't seem like a lot of movement but on something that's trading in the $20 range it's decent news from a percentage perspective and overall I think you know maxed down cyber probably looking at least near term at 1562 there is another level sitting right about here a weekly level though stop loss average down I would use this weekly level overhead if we break below that though right there at 1691 all right upside trade plan let's see this is an interesting level here recently interesting level overall I think question is do we use this as a price target or do we use it as an entry hmm yeah you know what I think if we can get back over 1721s this could be a actionable sooner rather than later which is what I generally shoot for but over 1721 I think I'd be looking at 1768 we'll share a stop loss average down with the downside trade plan so then where do we go after 1768 becomes the question hi these again one more time this is interesting topping action here at 1794 I think it is just a little bit higher yeah right here about eight just call it 18 even right over that gosh do we get greedy as the question well you know what you should be well in profits or well into profit make sure you move your stops up with the trade plan so as we're hitting pt2 right your stop should be moving up to pt1 so on and so forth right move your adjust the plan adapt what you're doing how long you're holding don't you know let it get all the way to pt2 and keep using the same stop loss average down the whole time right make sure that you're moving your stops up and down these levels with the as the trade plays out but long story short I think we could try to push through this week the level and make a run for this 1849 call it 1850 level to the upside if caramel really gets going so let's drop these into the chats then I'll see if I can't like take a super fast look at fcs might even have some levels on it let's see or do that actually just so you guys can see where that stuff sitting link there you go all right here is the cco trade plans let's also drop this in the chat stream cool let's put this forward so let's talk through these real quick and then let's jump over to fcx as fast as I possibly can so over 1721 is what we're looking for a break sorry let's start that over 1721 is what we're looking for a break to play upside with targets at 1768 1798 and 1849 stop loss average down at 1691 again chase the trade with your stops keep moving those up as the price moves up to the downside we're looking for a break below 1664 that should bring targets at 1616 1591 and 1562 will share a stop loss with the upside trade plan at 1691 weekly level those are your carnival through signs trade plans all right let's take a quick look at fcx let's see what Neptune has to say long bullish on the hourly yeah I mean looks gosh what a trend yeah once it broke over at that weekly level back tested this confluence with the 200 SMA right there inside the bullish ribbon bullish flag that's a beauty of a setup to go along off of in it absolutely ran from there I do have some levels on it it's in an interesting spot right don't have many levels though let's just see if we can't quickly figure out what the resistance is that it's dealing with here free market maybe we can come up with a one-sided trade plan for this where is the break level though that's the question come on price action get up here let's go all right interesting topping out there interesting rejection there still not seeing anything that looks like let's take a look at this from a even more seemed out perspective than pretty over that weekly level where is the support resistance at this guy here hmm it's a bit hard to see I'm not gonna lie there is kind of a multi-top scenario happening up here though and a little bit of support but I don't this is a really weird area I guess weird but not weird but sort of all over the place with this price action up in this range yes see both those rejections a little shy that I don't know if there is any other price action up this high there is all right let's see and kind of really narrow this down a little bit yeah this is it's like I see it and then I don't see it it's a this is a little hard chart to read for whatever reason I don't know why I guess it's how the price but I don't know I don't have a ton of confidence in this level that I'm kind of eyeballing but I mean there's a big sell side of balance so so I would say take a shot at this probably gonna look this as far as a first-price target I would be kind of I'm gonna leave these this weird color for now just because I'm again not super confident in some of these levels so also take that into account as you consider whether or not you want to take a shot of this one I want to spend some more time on this chart just really analyzing if the time is something we are running out of very quickly so I would keep a very again with my lack of confidence which is not normal on this I would keep a very tight stop on it right here at 45 60 so just take a look at the hourly chart see if that kind of yeah that would put us pretty close to that buy side confidence if we broke down below that I don't think I'd want to be home calls for too long yeah I'd say take a shot at it looks a little bit like this so again tight trade plan upside only it's what we had time for some gotta go get the spy plan done but here is your fcx upside plan all right so let's talk about this and Harry thank you for chiming on all this stuff that I'm reading in the chat real real quick I really appreciate your help and and also you know your compliments that means a lot so over 46 21 is what we're looking for here on fcx that should give us targets at 47 59 48 90 and 50 90 with a stop loss average down at 45 60 again keep this one kind of on a tight leash and be cautious with it so anyway looking for a second opinion better yeah yeah well hopefully that helps Harry and again I thank you so much for your participation in helping the chat today with that we're getting within or getting close to 10 minutes from market open that's probably the minimum amount of time I need to go get the spy plan put together for today so with that I'm going to wrap up this morning's live stream we will be back next Tuesday morning at 8 30 a.m. Eastern standard time I hope you will come back and join us then for those of you who are not currently in our discord please take a moment come check it out we do offer free trials come see what it's all about in X trades that's where I post the daily spy plans and really where I spend the vast majority of my time and attention throughout the trading day is on our discord community so we have a lot of great folks in there everybody who's in this chat and plenty of people who are not so with that I want to thank you guys again so much I hope you have a fantastic day as we always say here on the family live streams plan your trades trade your plans go out there and get some green I will see you guys in the discord be cautious out there today with all the things we talked about at the beginning of this podcast with live stream podcast whatever and again we'll be back here next Tuesday morning at 8 30 a.m. Eastern standard time I will get those on the schedule as AP on our YouTube calendar so with that thank you so much I will see you guys soon take care have a great day