 What's up guys? This is Alex from Xtrades back to you with another weekly trade ideas list I just want to thank you everybody for watching. This will be our fifth video Before I get into it, I just want to throw it out there We are trying to grow the YouTube channel a little bit more and if you know any bit of Xtrades for years You know, we've been putting in work for a long time and we really want to get that exposure So if you leave a like comment, maybe even subscribed That'd be great We want our stuff to start in the algorithm a little bit more, you know get the education out there and You know get the exposure that you know all of us deserve to have a growing community Let's go ahead and get into set up number one here This is XPEV Is a Chinese electric car company as you can see it's extremely oversold Weekly RSI is I mean probably the lowest it's ever been Let's see. It's that Let's get the data up real quick So RSI at 2788 Just ridiculously low. It's under 30. So you know it's oversold, but you can see it's starting to poke out of this downtrend a little bit I really think that could If you zoom out a little bit here This is extremely far-fetched But eventually If it doesn't break out, I think it could get back up to this 1711 which is like growing when an IPO support from an IPO Obviously that could take a long time you know with rising rates and Now inflation, you know high-growth companies, you know, they're not gonna go up instantly You know these things could take time, but you will see a lot of dead cat bounces Similar to what you see right here But yeah, so it's poking out of the downtrend I think it looks nice for some upside momentum if we go to the daily time frame And we zoom in a little bit, but you can see it is poking out indeed The upside would maybe be invalid if it did get back Within the downtrend like I always preach. We had a couple of setups last week that actually did this I think like Riot did it And you know they do happen so, you know every every setup you try is not gonna be perfect and You know you won't have other options too, you know, so that's why I do at least five setups Out of my list of 250 names if you guys know I go through 250 names to get you know The most solid ones and usually they're they pay pretty good It just depends last week, you know, we did have the FOMC meeting so setups weren't as good last week I maybe took one. I think it took like CVX puts Otherwise I've been trading, you know, SPX and sticking to day trades and stuff We have so XPIV bringing out this downtrend line Let's see what we could do from price targets So you're gonna have a top tick resistance right here at 853 Next level would probably be like this peak right here 1018 so short term you're looking for to get over 853 In order to get the 10s Stop loss you're looking at, you know, if it goes back within the downtrend, like I said or 52 we glow just you know below $6 So yeah, we'll be looking for calls on that if it didn't do like gap down Monday or something and go back within the downtrend You know, you could look at puts for a day trade as well But the focus right here if we go to the weekly chart again We do have See this Katie J. Oscillator down here. It is curling up and giving positive Momentum so it doesn't give you in a buy signal and we see the other one right here You know, you got a really bi-signal here. Look what happened before, you know, right up real nice I'm right here. I gave a short-term signal topped out right there Stayed in a bi-signal for a little bit and then I'm kind of false, you know breakdown signal right here before going higher So yeah, just keep an eye on that Katie J This is extremely early. So you could be you know, could be getting a good price right now in XPF So I'm gonna be looking at calls on that This would probably be a good swing trade. It's extremely oversold on the higher time frames If you want to get, you know calls a couple months out it that could be a good idea If you're looking for a day trade, you're really looking for that a 53 low to get taken out Next we'll go into Airbnb I'm one of my favorite growth stocks. Honestly, I Try to do this a lot more in the past and you know when the market was still and you know hot money market and There's a lot more money being thrown around but you know now we're you know, you know rising interest rate environment. So Stuff changes consumer habits change Etc. But beautiful Rally-based rally demands over here So you got your base candle right there circled it for you rally makes a base rally And I was coming back down as the first time it's been tested Thus resulting in this nice bullish hammer From price targets you're looking at about Let's get the magnifying so I can get the precise one Price targets looking at about 9971 or otherwise, you know, like a hundred dollars even but um See So you had a nice hammer probably come up Probably reject like right off that level Before anything if it can get through that You know, you'd be looking at this little gap fill probably fill the gap didn't find resistance I can even draw the gap up for you. It's pretty small Not too big That gap. All right, and that little gold zones are gap. So really big in-bounds areas a lot of Lot of sell selling going on right here. So, you know, it could fill back up and maybe try to get back up to the gap, but Yeah, really nice confirmation at the demand zone stop loss you're looking at, you know, under demand zone low That would probably be the max depending on your, you know, contracts stop loss could also be, you know, at the all-time low That would be more, you know, that'd be a little bit riskier and if you have a higher risk tolerance But it could be good So yeah, I'm gonna be looking at calls in this Not really seeing a downtrend line in the way or anything like that You know, it is just a nice counter trend reversal trade to the upside Next we're going to forward take your symbol F So this is like a mixed bag You do have test number one test number two, this is test three so this could be given a pretty good short So I probably be looking at puts on this one Third test is usually a good Starting point for, you know, any trend line if it's up trend line or downtrend line test number three is actually what validates it So you do have a test three here, which resulted in a rejection. So that could give you more follow-through Price target you're looking at this pivot low right here So if it goes to pivot low probably try to like curl up right about there If indeed it does if we gap up for any reason on Monday It could be anything, you know the dollar, you know getting trashed on Friday that that could be give it right now You could see, you know, it is up a little bit So anything could happen if it does a slight a gap up though and opens up outside the downtrend line, you know there's a good chance it can break out and If it did go upside you'd be looking at this 200, you know, EMA right there as a next potential resistance small gap right here Supply zone right here So just some stuff to look out for Yeah, otherwise this downtrend lines are really nice could give a nice setup for puts just wait for confirmation, of course And you know, remember, these are just ideas, you know, these are not like recommendations or anything like that I just want you to go look at this Look at stuff in the past Realize technical analysis works if you do it right and doing it right means waiting for confirmation So Monday you want to see it open inside the downtrend line before taking puts or anything like that if it goes outside Obviously, you might not want to look at it Next symbol we had Adobe last week, but we never got a buy signal on this one If you remember we're looking at 30 or 3 30 58 So we're looking for a break over 3 30 58 to get a gap foe We never got our alert that we set right here. You see a little timer Never got an alert. So we weren't able to trade this Did find resistance at the 50 ma like I thought it might So we were looking for it to get over the 50 ma and this level first It was not able to do that. But now we are in a countertrend type of trade here We got a very slight slope up trend nothing too crazy You got bottom support here 274 85, you know, we could maybe see it curl up Try to curl up off the trend line try to fill up this cell imbalance area Maybe head back up to the 50 ma. We'll have to see but I would be looking for calls on this Personally, you don't want to short it lows Seems a little risky even though it has worked a lot for 2022 You just want to wait for it to get under the 52 a glow with good confirmation of a daily candle So if it for some reason close under 274 85 with a good daily candle You can maybe look at short so that because at least you waited for confirmation But yeah Price targets, I mean, there's really no resistance until this 330 area, but obviously that's being a little crazy if you're day trading if we go down to the short time frame and it does decide the whole level yet small resistance at 291 and Yeah, that's that's really it just that 291 level and then you start looking for you know resistance at the You know short-term moving averages and stuff like that. So Yeah, this can be a good counter-trend trade Our size not completely oversold yet on the daily Figure out of the weekly. It's pretty low still We don't have a bias thing on the KDJ yet. So you would be a little bit early on this maybe So keep that in mind before You know considering the setup realize that, you know, you are going against the trend, but um, those those can pay so You're getting premiums that are cheap And you're able to you know sell like mid-range like, you know, $300 or something like that And you will have a good premium increase if you buy down here Next CRM. So this is another counter-trend Hasn't touched this trend line you see yet So this is like a trend line support, but we do have a main pivot point support right here at 137 59 You'd be looking for a confirmation of the opening above this level and holding To you know, fill that little cell imbalance area back up. Maybe have back to this little 50 ma or the supply And we zoom down to the four hour Technically this little area right here This lower low. This is actually a Drop-based rally demand zone on the four hour and if you went to the daily, it's pretty much the same as well So yeah, it's just regular, you know support But also a demand zone since it led to this big buy-in balance before going higher So yeah, another counter-trend call trade you'd be looking for upside on this one stop loss is obvious You'd need under 137 59 Or maybe even if it broke under this trend line support Yeah, another counter-trend. So don't be in CRM to counter-trend call trades. Be careful on those Consider the risks Maybe go a little bit smaller, you know starting small add later. Whatever works for you But next we're gonna be going into the ES. This is the S&P 500. I've been showing the futures lately instead Of doing the ETS last week. We were focused on this trend line a test number three Sunday night it opened outside of the trend line But we said, you know, we'd be looking for it to either hold outside or if it goes back within that, you know it could give bears something to eat and it indeed did so The FOMC decision they raised point 75 basis points for interest rates General Powell made it clear that they're probably gonna have to raise more so In the last meeting he said there would be at least two more This time he seemed a little bit more unsure about how many more they would do so We'll have to see where the week takes us not really seeing anything specific on the spy or the ES S&P 500 here Broke this little uptrend line rejected the downtrend line. That's made a wedge Went back under October peak support One argument bulls do have is not only a falling dollar on Friday, but the VIX also went lower too So VIX is not supporting this downtrend at all. So VIX keeps declining S&P was also declining. Oh, and if you didn't know VIX is all based off S&P options. So It's a volatility index. It's not like, you know It's not like, you know, religion or anything like it's not something you want to just totally abide by but it is a good indicator to keep a watch for volatility Yeah, you see you do have a little rally based rally demand It did try to hold up. So look for this zone to hold up. Maybe we can Head back to this downtrend line, which probably try to reject right there But the main thing is we get back over this October peak right here and Also be able to get over 3928 so that's our peak resistance right now So we need to get over October peak get over the downtrend line and get over this peak right here We also need to hold this demand zone Be bearish if we went under this little peak right or this little pivot right here So we definitely want to hold, you know, 3600 minimum Um, yeah, you can see it just kind of choppy. No, no setup at the moment could have traded puts off this last week Yeah, give really good confirmation actually for puts But yeah, so nothing crazy on the S&P. I just look at look for this demand zone to hold and that's about it. Oh Yeah, seasonality. So seasonality we're looking at November 7th through November 11th and This is a mid-term year. You can see that the S&P is averaging a point 33% return in these days for this week coming up So now seeing a deep average or anything like that So, you know, we could be looking at, you know, a little bit of upside nothing too crazy We didn't really follow the seasonality last week. So this is also not religion or law This is just something to go by based off history to kind of maybe give you a little bit more of a Positive reliance to your bias So, yeah, just a little point 33% average return as for all these mid-term years the last 72 years So, yeah, just something to keep in mind. I don't really see an average dip until next week so Maybe don't go crazy on the puts or anything like that Maybe stick to day trades. I don't I don't really like shorts right here for the S&P or anything like that It needed to be at a downtrend line Flushing 52 week lows and stuff like that and even flushing the 52 week lows is a really hard trade for puts Because every time I get a new low it bounces. So you got to be really careful I'm gonna get a little battery problem here. All right should be done soon. Anyways, so thank you Looks like we have a downtrend line Rejected super hard. You saw that last week. We did have the inverse head and shoulders We'd find that tool. Actually, I don't even need it. Let's do this so we had that Inverse head and shoulders. It did not get confirmed I threw that out there that this pattern was not confirmed yet Until I got over this resistance line and the downtrend line. So it created a new supply Rejected supply rejected downtrend and now you can see right this 52 week low again right around the same area So we're looking for that to hold up Maybe head back to the uptrend line or the downtrend line and probably reject about there I wouldn't expect this to happen this week or anything like that. This could just be another, you know decision week a lot of people are just starting to price in the FOMC meeting and Figure out what the hell to do with their portfolio. So otherwise we need to be holding this 52 week lower. It could flush all over See I look for support to be made down here Bears are gonna be looking for that level to get flushed. So nothing crazy this week No, no trend line set up or anything like that This could maybe make a counter trend for day trades, but otherwise, you know, just just be careful Rty small and mid caps last week we went over the Dow this week we'll go over them small mid caps All right, so there's a Fibonacci retracement you can see retraced about 61.8% of its mood from this high to the slow Broke out the downtrend found resistance near the 200 EMA on the daily now holding up the daily 50 EMA and You'd be looking for it to hold up here for sure. Otherwise it can't flush a little bit lower, too The 52 week low area See I had no crazy setup on this either Just look for it to base out on this 38.25 which is 1794 same level as last week really can for it to break over We want to see it reclaiming this to head back to this little, you know, 1800s high and Vicks All right, so Vicks, this is an interesting one So let's get into the data first So our Friday's close Ended up being 2456 that ended up giving us a value of not much different than it was before but it's now at 2624 so we got an average close in 2022 for 26 24 So 26 24 is our average we have now closed multiple times below the average. So this means you're getting premiums Pretty much at a pretty normal discount and You know The only thing is weird is that it's not matching up with any dip So the market's selling off and the Vicks is selling off, which is very strange Usually it's you know inverse correlation, but it does have to do a supply and demand of options So obviously people are buying options in a different way than is a matching the price action So it could be a lot of people, you know weighing towards cause it could be a lot of people Dumping their puts etc But yeah, so just keep looking for the Vicks to fall maybe Which could help us rally You'd be looking for it to fall around here and hold up at this 2264 level Obviously that keeps staying under this I would I'll be careful with shorting And that's that goes for any day It doesn't matter if the market's selling off and the Vicks is selling off Maybe maybe don't even trade them because you know, that's not a good indication that you know the market will keep dumping If it doesn't in fact get back over the 2022 average, you know and close over it a couple times You know, you can start looking at puts the end because that means the volatility is above average and People could start it started to be pricing in a dump in the stock market So just something to keep in mind 2624 is our current this gets updated every day But look for that move down to 2264 and that's it if that falls, you know, it can go back to 19s But that's in the timeline. It's not probably gonna happen this week Next in our last, this is the dollar. So the US dollar had the most insane dump on Friday. This is a 1.94% dump I looked at all these candles and I'm not seeing any other day where the dollar sold off this hard Just insane and the fact that the market didn't rally super hard off this is pretty crazy It didn't have a good close maybe closed up 1% or something 1.24% Maybe just pretty good, but a 1.8% dollar move I see the market go higher like 3-4% of the NASDAQ when the dollar was only down 1% so I thought that was interesting and It's all due to the Friday jobs report from all that That's that's what the volatility came from. So the Friday jobs report was very mixed Some people could even argue that people are not losing their jobs yet. So the Fed's tightening is not working But then some could argue that there's signs that, you know, the job market is slowing and there's not as much growth as before So I thought it was very interesting. There's a lot of push and pull back and forth tug of war. So But for the dollar you're looking for This level to hold up we want to see 1105 holding for bears if bears want to eat more They're gonna want to see the dollar holding up heading back to the trend line Bulls you're gonna want to see it get under 1105 and even break this same longer-term trend line As before, you know, we've been talking about this longer-term trend line for a while now We want to see it get back under that for for bulls for sure but you can see I mean it's holding up the 50 EMA real nice and You know that could make it risky for us. If you know the dollar opens up this high tomorrow It could make bull skeptical. So I Mean you can just see how it's trading now Currency traders are buying it. So features are down a little bit. So Maybe a little hangovers from the Friday jobs report people are realizing that, you know, maybe the data wasn't that good, but um Should make for an interesting week. So I'll go over again. We got xpiv calls that we're looking at Um, abnb. We're looking at calls f. We're looking at puts Um, maybe calls in the breakout if it wants to break out adobe counter-trend calls CRM counter-trend calls. So Yeah, hopefully it's another good watch list. Um, last week I wasn't that impressed with the how the setups turned out, but I mean, they're not all gonna hit. So Uh, just look for confirmation. Take the ones that look the best and trade safe guys. Um, I hope you enjoyed this video I'm gonna keep dropping them every week um You know, even if the setups, you know, maybe then work last week. It doesn't matter. We keep going We keep fighting forward. Um, we keep looking for those quality ones and you know They will pay. Um Time in the market beats timing the market. So Yeah, I hope we have a great week guys and thank you for watching. Make sure you leave a like comment and subscribe to our xtradez user channel It made the world to us, you know, we've been working real hard, you know these past couple of years I'm getting the app out and um You know, thank you to kevin for everything he does man. He's a great guy really cares about the community So show him some love show us some love and show our youtube some love Thanks guys