 What's up guys? This is Alex from xTrade's back to you with another weekly trade ideas list and You know this week. I'm sorry last week. We you know, we had a pretty uneventful week in the market Pretty much traded in a range on the indexes and we didn't really see Any big moves or anything like that? Which I mean we kind of expected looking at the seasonality was only averaging like a point three percent return on the SPX S&P so We kind of to pay more attention to individual names last week and we did have a pretty good watch list, so Make sure you turn this week go review last week get some educational value out of it and Just let me know if you need help with anything and before we start to go in here Just please like comment and subscribe to our YouTube channel here on xTrade's We're trying to get our stuff to hit the algorithm or it'd mean the world to us so Let's go ahead and get into our first setup here This is PanW For Palo Alto Networks, so this is a pretty clear setup. I would say for shorts We're looking at puts on this. You got test number one test number two. This is a test three rejection Well, we also have a gap Ideally, as you see with my other gap plays usually looking for it to fill It would close up and then probably curl up about there. So that's just something to watch for puts We'll be accidentally get Just something to watch for puts As usual, you're gonna want to see it open up Monday Within the downtrend showing clear signals of selling just like last week. See you saw last week We had, you know setups that were good for calls and puts Assuming one confirmation, you know, I was able to give you the confirmation to go ahead and take puts Yeah, so you do have a clear rejection right here just make sure it opens up, you know, within the downtrend look for, you know Follow-through selling around the open and you should get a nice little gap fill of time Option contracts you're gonna be looking, you know at the money Something with at least seven days out Swing trading we're looking at, you know, minimal 30 days expiration something like that And that'll give you time to, you know, maybe get this gap filled We get to be careful because it didn't beat earnings here Looks like the revenue barely beat by a slim margin here compared to the estimate But they did beat on EPS pretty good. So Didn't really look too much into their earnings report this time But it's just something to take note of that, you know, this this is a gap up from earnings So that could be, you know, a positive outlook If it did decide to break out it'll give you a good Call trade to the upside you just have to look out for this 176 But right now it's not really the focus Until it breaks out, you know same with last week setups They were all within the downtrend So, you know, you were mainly looking for puts at first with the exception of calls if it breaks out So, yeah, just a way for confirmation as usual. It's all trading is just waiting waiting and learning and Making sure you get that confirmation Next we're going to Boeing. So this is a pretty clear bull flag set up Trading over your both your 250 moving averages made it up to this Resistance right here all the way from August it looks like broke out a little bit made new resistance But this one Well, let me go back here. Okay, you do have a little Rally-based rally demand zone May add that in real quick And you can see it reacted perfectly perfectly to it. You got a nice Bullish candle here you see that probably make this a little bit bigger So you have really nice bull flag set up if we go to the four hour, it's a little more little more clear You know, you got the pole right here I had the pole So you got your flagpole You got it forming and by the way, this is unconfirmed because you're not broken out yet So I said you can see this little timer. I set an alert at the upper trend line. So go ahead on your charts whenever you have time draw this upper trend line right click it set alert and You know, just type in a breakout so you know what it is when you know, your alert does it and you can see I did that there And you can even go back and you know edit them if you want to So yeah, this is a really nice bull flag unconfirmed. You're gonna be waiting for it to break out If it can indeed A lot of times you'll see it like break out. It'll back test the line before trying to go a little bit higher So it's not just gonna go straight up all the time. It's just something to keep in mind but Yeah, if we zoom out a little bit here too on the weekly It will be going straight into You know a downtrend line So when it breaks out you do have to keep your target pretty tight Because you have no idea what's going to do when it does decide to get to the line So it breaks out you could look for it to reject about here So you'd be looking at like a day trade on this like something quick because you already do you have an extension right here? You know big buy imbalance Eventually that probably will fail. It doesn't always have to Just something to keep in mind. I mean if we measure out this move here Let's see what the bottom all the way to the top was 48.21% so just a monster move. I mean you just got to be careful, but Technical analysis why this is holding a structure so you wait for it to break out and that's it So looking at calls on this Personally you could maybe look at puts if it does reject the downtrend line I just wouldn't want to step in front of this structure because you do have the pole you have this Maybe I could double top up here or something, but you know, you just got to be careful with that I'm very strong Dow name. I'm guessing, you know, this is playing a big role and You know the Dow coming up pretty heavy kind of carrying the market and I'm carrying all the weight on its shoulders It's only down like a couple percent year-to-date compared to tech and other stuff. I mean, it's really nice Yeah, nice name here. I'm just wait for that flag break out It's a pan W you're looking at Rejection you're looking for puts maybe Boeing you're gonna be looking at calls on the breakout if it you know confirms Apple we got right here. We got test number one test number two test number three You'll be looking for rejection. So another put set up maybe Calls you can maybe look at but it's unconfirmed same thing, you know with pan W You're gonna see it open up within the downtrend And then maybe run back down to this little pivot right here What is that 146? So probably run down like 146 or something before trying to curl up about there Calls, I mean you could obviously take if it gaps up over the line You can run all the way back up to this major supply right here So I'm gonna be looking at calls and put some of this just because Apple's a very resilient name. It kind of does carry the market And you know, it's it's not always smart to short it but it is a good short when it's time You can see that it's got 200 EMA resistance right here. It is over the 50 EMA though 50 did cross the 200 back here, which is actually technically a death cross So bear signal, but you can see right when it crossed over made a bottom and now we're making a downtrend structure. So This is test number. I'm sorry. This is actually test number four right here. So you got test one test two That's test three right here on this candle. Now we're at test four. Yeah, 200 EMA acting as resistance You have a positive back to ease you do have that going against you if you take puts You do have the RSI trading trading above 40 so that could be given another positive momentum signal But um, yeah, so just make sure you have confirmation. You want to opening up within the downtrend Monday? If you're a boy, you want to see opening up outside and you do want to see a confirmed daily candle close By the end of the day indicating that the breakout has been confirmed So yeah, this is um This is pretty much a double setup So do well you're going to be looking for either calls or puts this way for that confirmation You know, I made it pretty clear what you're going to be looking for. So Next So this is tesla. This is actually probably one of my Favorite counter trend setups we have here today um I really like buying against the trend um, the premiums pay really well and you're getting them cheaper. So You'll notice when I watch this there are a lot of counter trend stuff and you know, they do pretty good We had a counter trend adobe and crm the other week and I mean, they just totally rocketed. They're amazing So it's just about knowing at the right spot to do it um And you know, you usually want to wait, you know, I feel like fridays Friday's close is a really good time to Start looking at stocks, you know over the weekend because you do See if it, you know closed on friday above a support level if it's holding good if um, you're seeing bid support And both defending the area and you do have that on tesla here So you can maybe see a run back up to this little Uh resistance about 198. Um, you can probably round it up to like 200 bucks or something even Yeah, this could be a really nice counter trend setup for calls Monday, you're gonna want to see it open up over the support obviously before you take anything and um The good thing about counter trend is that you're getting it so low your stop loss can be, you know The risk to reward is great because you keep your stop loss under the under the low, right? So like slightly under 177 and you're you know, you could have a target all the way up to the 192 100 so great risk to reward And um, if you do have to stop out as or it's probably going to be really tight anyways Because you're buying all the way down here. You're keeping a stop loss slightly under the low and that's that so Yeah, I really like this for calls I'm gonna be looking for upside and um I wouldn't take puts on this personally Um, until you know, I got under 177 or something. So that's maybe something you could look at I honestly wouldn't I don't like shorting it low. Is that really shorted a pop or you know, open a open puts at supplies resistance something like that something counter trend just because I mean It's just risky because you know, you do have that people are eager to buy the dip right now We've been dipping all year. So and um the seasonality this week. It's nothing too bearish So you do want to be careful about what you are shorting Um, you want it to be at a trend line or something with good risk to reward not not at lows It's just not the area to short in my opinion um, you can I worked a lot for 2022 but Um, you do always have that bounce risk, you know at the end of the day But yeah tesla Only thing that the bulls do have going against them is this little four-hour MACD cross to the downside. Um Otherwise on the daily, I mean if we zoom in It's already in that but you can see it's trying to curl up. So and this is actually is technically a MACD divergence So what a divergence is you got price Making lower lows You got your escalator Kind of making like, you know, lower highs, you know, it's Trending up a little bit while price is trending down. So that's actually considered a bullish divergence You could do the same thing with rsi um And MACDs also kind of give that signal to and other escalators. So just something to keep in mind Um, I don't think it's a good area to short at the moment Your best area would have been at, you know, 200 bucks, you know, at this previous support See I looking at calls on tesla stop loss obviously below, you know Maybe a little bit further like 175 or something if you want to give it a little more room affirm So I really like this one. Um, you see it just got plastered on friday. I mean down 7.4 percent This has always been a really volatile name. So um You have to know when to trade it and I feel like it's giving really good counter trend trades all year Um, you can see when you know when it starts selling hard, you do get these violent pops Back to the, you know, 50 moving average or you know, eventually it does have a little mean regression. So But this right here We find the tool So let me turn this magnet off. All right. So you do have a drop base rally So the drop base rally demand um Sequence goes it goes with the drop creates a base rally super hard comes back down And you enter on the first test and um, it gives really good You know, uh risk to reward and what it does, um All right, I'm sorry. What you can look for is a run back up to maybe 164 74 116 something like that um You do want to see a confirmation of It holding demand obviously Um, which is pretty likely unless you get a pretty violent gap down If it does open up inside demand, you still have a pretty good chance to know start running back up because you're still within the general vicinity Um, it would obviously be invalid if it broke through demand It'd probably break through come back up test before trying to go lower, you know, something like that You know stocks do the same thing to the upside to break out pull back then go higher It's just all about structures and waiting to see if something holds. So, yeah Really like this drop base rally demand Look for it to hold up and we'll be looking at calls on this Um, Tesla we're gonna be looking at calls apple. You do have a case for both sides Right now, um, it's at the downturn. So you're probably gonna be looking at puts unless it gaps over the line BA you're gonna be looking for the flag breakout wait for confirmation set an alert at the upper line pan w You're gonna see it open up within the downtrend line Maybe look at puts on that and um calls if it does want to break out But right now, you know, it does have that strong rejection at test three. So All right, so next let's go into the indexes So over the indexes and we'll also Go over the seasonality on the s&p So last week pulled into the 61.8 percent retracement on es the s&p Um clear line of resistance. We had iwm our list last week for puts Um, they're these both of these names es and rty, which is also spy or iwm. It's the same thing Um, they pulled into 61.8. They had 200 ema resistance Um, so clear line of resistance and you can see it it's rejected a couple times But right now it's just making a structure. So we didn't do jack last week. We just stayed in this range One could argue, you know, we're like forming a Little flag or something, you know what I mean? um Obviously unconfirmed, but You know, that is something to look for these structures and just because I can't get over a level doesn't ever mean That you know, it's just going to reject straight up, you know It could trade like this for a little bit before trying to go higher Or a trade like this a little bit before trying to go lower But um, you can see reform nice demand down here I would say this is going to be tested eventually But um right now we don't really have any clear signals. It's not breaking under this previous resistance right here or the 50 fibonacci Um, if it didn't get under get under that it would have to this 50 ema and also this demand. So No clear setup on this at the moment. Um I did take some spy calls. So at towards the close I took a pretty small position Based on the seasonality. We do have a nice structure forming So I'm speculating on the fact that you know, this this range can turn into a little bit more, but um, we'll have to see Let's see. Let's um add this magnet back on we do have this little trend line forming So you got test one test two test three Um, it could come back down eventually and you know, just ride this way back up But yeah, nothing too specific just make sure um, you know, 39 hundreds are holding at a minimum and um You know in order to go higher We will have to get over this 200 ema and also this, you know pivot at like, you know, 4050 Um, and that will run into supply And also that downtrend line recovered last week. So Yep, no specific setup on this. Just look out for the structure Maybe wait for confirmation Let's go ahead and get in the seasonality too. We'll go into we'll go into this nq next All right. So this is the s and p. Um, this is the spx you can see This is the last 72 years Um, for each midterm you're put into one chart And um, I mean, it's just been flowing great all year. So we cover, you know, we cover this specific timeline And you can see we're averaging a 0.27 percent return to the upside for 21st Through the 25th. There's our trading week Um, so maybe don't go crazy with the spy shorts or anything like that Um, also keep an eye on the vixen dollar, you know, make sure volatility is in your favor first before, you know Trying to call a top or anything like that Um, maybe stick to individual names that do have a little more volatility for shorts, you know, like pan w That I recommended this week to look at You know, just stuff there, you know, you're are getting a nice range um And you know, you can be in and out real quick because you do get that volatility Um, because shorts, I mean, they're still at risk a little bit because they do have the vix under And you have other signals that, you know, we may rally for the rest of the year Especially until we see Jerome Powell Um speak live again, you know, see his opinion on the inflation report that came out Inflation did go down our last cpi report. So just something to keep in mind So yeah 0.27 percent return to the upside And um, yeah Could be a good one. Um, we'll have to see we did average a dip last week. We kind of did get that I mean, we didn't really get any upside or downside. So You could see I mean this little area right here. It kind of did do that. Um word for word It takes up a water real quick So, yeah, I mean you can see it's falling the season now to give it We did have a rally about the same period With the exception for like one week And then it creates the range just like we had this week So maybe we could see it, you know, see that range of flag on es breakout And go a little higher NQ you can see is kind of doing the same thing Um, but it this one is going under the 38.2, which is also, you know, previous resistance es is holding over its previous resistance. So that's where they differ right now um NASDAQ you want to see it holding up this level you want to see it holding up a little bit better, maybe reclaim it And it's also going to have to get over that 50 fib In order to go higher So, yeah, no setup on this right now at the moment. Um, just making a structure You do have a positive MACD our size above 40 So no clear sign like short or anything yet You could argue that since it's going back within resistance, it could make a good short But you also do have the 50 e may right here I'm still holding and you do have a lot of room up to the 200 and you saw what es did um It hit the 200 before, you know finding, you know resistance. So It's a good mean regression price target. Um, the 200 e may If you don't know, that's the 200 day moving average. So Yeah, no clear setup on this either. Uh, pretty much looks the same as es Um, no like, you know clear trend line or anything like that. This is more of like a bottom forming Um, you can see the double bottom It just have to hold this back test and you know, be able to go higher first You want to see it holding previous resistance Rty small make caps We covered this one last week We have we were looking at puts on this Due to the three factor Confluence, which was you got 61.8 Resistance which is usually always a pretty clear resistance area the first time I text test 61.8 Um, that's always a pretty clean short setup. You also have the 200 e may to act as resistance And there was also supply right here. Um, it was a little bit cleaner on iwm But it's a rally based drop supplies And um, so you had those three factors Which gave you good confirmation to take puts either for a day trade Um, maybe a swing trade if you had time on your contracts. Yeah, no clear setup this week. Um, We could see it maybe dipped down just a little bit try to hold up the trend line Head back up to the 61.8. But right now you can see, you know, just making Higher highs and higher lows. So Um, still an uptrend with the argument for it's trading under the 200 e may so technically, you know, the trend Is not set in stone yet. Um, you do want to see all indexes getting back over this, you know, to Give an early sign of, you know, any bull run or anything like that. And you see what happened when it got over this That doesn't always mean if it gets over the 200 that you're going to be straight But, um, it is a good indicator, you know, when financial conditions are a little, you know, a little better than they are right now So, yeah, I don't really see anything clear We're gonna see see it reclaiming. Obviously this previous resistance also cleared this high right here Bears are going to see it, you know, break the trend line and, um Maybe even head to this little demand right here So, yeah Next we'll go into the vix So this is an interesting one. Um The average close the 2022 average close actually dropped from 26 20s Down to 26 14 after multiple closes under the average and brought the average down So we're going to the data real quick Anything like too specific or anything, but Friday's closed. It puts that 23 11 and This week's closes, you know, did bring us down to the 26 14 You can see that it's still trading under the average still trading under our 50 EMA that we added on this data And, um, yeah, I don't think it's really low enough yet to start shorting. Um This is pretty much like the same thing as last week. Um, I'm pretty sure we opened up here Um, I'm sorry, we closed here on Friday and, um Yeah, so we're we closed here this Friday. So really nothing has changed. Um, you want to see Bulls are I'm sorry bears are going to see holding up this 22 64 Um a curl back up head back up to the average bulls You're going to see it really clear this 22 64 level that I couldn't clear last week and head back down to 19s 20s Um, once I guess the 19s 20s, we'd be looking for You know the mean regression back to the 2022 average close because it did get low enough Um, just like when it got up to 35 at mean regressed We want to see it going a little bit lower to mean regress back to the upside Um, that's when we you know, we could get in some cheap shorts and look at puts down here, maybe Uh for the s&p, of course, and you know other market names that are you know, we're going to move with the s&p So, yeah, nothing changed from last week. Look at the same level. The only thing that changed is the 26 14 average close Dx y's with the dollar. Um, this one did change a little bit We were looking for it to fall a little bit more and I said currency traders would probably be looking for it to reverse about here At the 200 EMA, which it exactly did. Um, you can see it's trying to build up a base right here I had a max pt price targeted like 104 103s and I get that from you know, this previous support And um, if we zoom out a little bit the 103s Actually come from this um You can see it's like 102 99 so I just rounded up to 103s, but it is a previous peak very strong peak Back in 2020 actually when covet was just hitting So I was looking for it to come down, you know, maybe as low as that um But at the back of my mind, you know, you know, we always have to consider That it is um holding the 200 EMA the currency traders are going to look, you know to buy the dip You know go along the dollar Um, if it acts as support it confirmed a couple candles that it's holding So currency traders, you know are trying to go along here um maximum I could see it maybe going up to this little previous support and rejecting um That's only if you know The same thing happens this last week, you know, um, we're not seeing any, you know Fud or any fear uncertainty and doubt and you know other scares and volatility um If we do get some scares and volatility we could get over, you know get through it and we'll head back up to this one So, yeah, I just want to, you know, always always track the dollar, you know and realize it, you know Most of the time it's going to inverse the market because it does impact, you know international profits and Corporate entities and stuff like that So, yeah maximum for the downside probably head back to, you know, the 200 EMA maybe try to curl up there But right now it's in a mid-range. It's not at any inflection point So we're going to see it trade a little bit more um before making any, you know Distinctions on what it's going to do exactly So, yeah, I hope you guys enjoyed this video. Um, make sure to like comment and subscribe or xtrade youtube channel Um, let's hope the setups are just as good as last week. We had some good stuff last week. So Um, just remember to always wait for confirmation and realize a couple of these this week You're going to have to wait again. Um, just like, you know last week. So You all have a blessed Sunday. I'm going to go ahead and end this video Go ahead and send it over to our person to get it uploaded and um Get it posted up for you along with the watch list and remember I do post a written report version of this Um, if you want a quick summary, just check the watch list watch list channel and xtrade discord and you'll see it right there All right guys. Love you. Bye