 What's up guys, this is Alex from Xtrades back to you with another weekly trade ideas list. I hope everybody had a wonderful trading week last week and if you were tuning in for the first time to our weekly videos here, what we do is we, I go over 200 tickers in my main watch list. I break it down into my five best setups out of my list of 200 and then we also go over the indexes on the overall market as well, the spy QQQ IWM. Before we start out here, we're going to go into the economic calendar. We're looking at Monday, February 20th here. We have nothing scheduled so don't have to worry about that 830 volatility before the market opens. Thank God. Tuesday, we have the PMIs and also existing home sales that could be a market mover. Probably won't be anything too huge. Wednesday, I would say probably as the most event risk, it would be the FOMC minutes of the last meeting. So we could see something written in stone that we didn't catch in the press conference from Jerome Powell and also the pre-written statement that they send out. So a lot of times the algorithms, other traders, they pretty much read through it. They try to see if there's any hawkish or dovish tilt to it and eventually you will see that reflect in the price action and it does cause volatility if they see something different that they didn't see in the last meeting. So all this, all this is, is the same thing from the last meeting. So you'll hear a lot of the same stuff but you might see something a little bit different that's in black and white. That's all. We have the initial jobs claims and also GDP coming out. We have Atlanta Fed President Bostick speaking, last couple of Fed speakers that spoke that did have a little bit of impact on the market. Fed Buller did come out and say that he was in favor for a 50 basis point hike. He is a non-voting member so it could be a hit or miss on how that affected the market to be honest but a lot of people did react negatively just due to the fact that everybody's been pricing in a 0.25 basis point hike. The 0.50 talk pretty much brought the market lower that one day that Buller did come out and say that. So I mean any Fed speakers other than Jerome Powell right now could make the market a little bit vulnerable. Friday we do have consumer spending, personal income. We also have the PCE index. This is the Fed's preferred indicator for inflation. They prefer this over the CPI. They also have new home sales and then consumer sense of it on Friday as well. So for our first setup here going into the technical analysis we're looking at K.O. A ticker symbol K.O. Coca-Cola. So this is holding great relative strength compared to the market. You can see spy and QQQ down a little bit red while K.O. is holding up 1.52%. We call this relative strength. You can see it's holding demand very good. This is a rally based rally demand zone. Also breaking out of this falling wedge. Ideal price targets for this. It's first going to be your 50 EMA right there. If it can get over that 50 EMA then you do have a price target above that at the 200 SMA. Those are your short term price targets if it decides to continue out of this breakout. Ideally with a wedge like this you do want price to remain outside of the downtrend line that it broke out of. If it goes back within you can consider that invalidated. Otherwise you do have multi bottoms here. You have a bunch of buyers wigs here. You can see the buying pressure every time it hits the demand with strong lower shadows. It does push up. But right now it's just been consolidating. It's finally breaking out of this little wedge pattern here. So it doesn't look good for upside. Volume picked up a little bit over average on Friday. We also did have that options X3 for 217. That did put a little bit more volatility and volume into the market with all that money expiring. K.O. here. We're looking at call. It looks pretty good. We do only have two call setups this week and then three put setups just because the technicals are lining up that way. For our next one here we're looking at Adobe. So this is another call setup that I like. But also has the potential to break down just due to this relative weakness. So we have test one, test two, test three. This is a test three uptrend line. Ideally you can see it hold up here and probably base out and bounce. Another thing that it's holding is this 355 resistance acting as new support. It's also holding the daily 50 EMA. So that looks good. You do have a little buyer's wick that pushed up a little bit. So buyers did show up towards the end of the day and pushed up into close. But this little wick showing right here. One thing that I am doing though, just as insurance in case I need to change my bias is that I right clicked the line. Pretty much just added an alert and then you just name a breakdown just in case it does want to break down. So we'll save that. And in case it does break down we can flip the puts. And if it goes back under 355.65 that's also another good reason to look at puts. So there's just that uptrend line and that previous resistance acting as new support that is your general level to focus on. You want it to hold up there and have a reversal there. Otherwise, I mean it could go lower. But this is a third trend line test play. So this is pretty good. It's a little bit more probable playing as a third test because that test number three that is when the trend tries to validate. Mainly the focus here looking at calls as long as it's holding that 355 uptrend line coming Tuesday open. You just want to make sure that's holding, making a base and showing that buyers are clear there to support it. Otherwise, we do have that insurance to switch bias just in case. If that uptrend line breaks, we set that alert. You can see that little clock down there. We did set the alert. Looking at calls in this mainly, but you do have that potential for puts as well if it does break the uptrend line. Next, we're going into INTC. So this is Intel. You can see it's breaking this uptrend line. You got test one, test test number three. The fourth test breakdown and it is confirmed because the close is right outside the uptrend line. Ideally, this could flush down to demand or probably try to hold up about there. That's probably about as low as I could put you. So this would be a quick day trade just because the range is kind of short. Obviously, you do have the uptrend line breaking. So that does give good confirmation on our bias. Another low point that it could go to is this little point right here, this 2678. And that's because it's this low from the day after their earnings report. That could be a good point as well. It doesn't have to be directly on demand at 2705. But near that 2678 also has another price point that it could reach given this uptrend breaking. Looking at puts on INTC, I feel like there's a lot of chip weakness from when I was looking at my main watch list. You have Navita earnings coming up too. So I mean, that could have an impact on the overall, you know, chip sector. We want to track the chip sector. Just look at ticker symbol SM8. INTC just looking at puts nice uptrend break. You'd probably see a nice move down to demand or this 2678 low point. Next, we're going into SNAP. So this is similar. You get the uptrend line breaking. You got test one, test two. This is basically a test three. You got another test, number four, five. So I mean, you got a bunch of tests on this finally breaking, kind of trying to base off the 50 EMA. But either way, this uptrend line is breaking. You can see the volume to pick up just a little bit. I mean, it's nothing like crazy, which I really don't like about it. I like to see high flush volume. So we'll have to see if that volume does continue, you know, for Tuesday. But either way, this is breaking the uptrend and it could see a nice little flush down to it's a little $10 even at this demand zone. You also have a little low point right here in the middle of it at 985. Either way, I mean, it could also reach the demand zone low as well. But otherwise, I can't really put you much lower than this demand zone. You'll need to see a break. It needs to get under. It needs to show that, you know, there's no support there anymore. And then it could go lower. So this is pretty much your trading range. Just the demand zone low, you know, up to where it is now. And that's going to depend on the Tuesday open as well. As long as it's opening under the trend line break, it's probably going to go lower, to be honest. Because there's at least a good chance it will go lower. A lot of times with these uptrend breaks, you see it come up and, you know, it will bounce kind of like a fake out, but back test and then try to go lower. A lot of times you'll see that as kind of like a repeating pattern with uptrend line breaks, as well as when it breaks a downtrend, you'll see it, you know, break out, back test, then go higher. Likewise for uptrend breaks, you'll see a break down, back test, then go lower. So just keep that in mind. You know, you could see that short term balance and same thing with INTC. So the first candle doesn't always mean to enter. That's just confirming your pattern breakdown. So sometimes it'll give you, you know, another bounce and that's a really good entry as well. Sometimes it'll just flush straight down too. So if you want, you know, just make sure maybe to have time on the contracts if you really want to. Doesn't have to be like 30 days out or anything, but if you're day trading, maybe like, you know, at least like a week or something. That way, if it does bounce, you don't have that huge drawdown risk on your P&L. Just keep that in mind, you know, just trade safe and, you know, realize that you are entering the day after, you know, a pretty big red candle on a break down and, you know, that does give you some risk of it bouncing just off the shorter term time frames. It could look a little bit more oversold than it does on the daily. Otherwise, these two INTC and SNAP, really good uptrend line breaks. Just make sure to, you know, just be safe and, you know, keep in mind that bouncing risk that it does have to back test. Next, we're going into Airbnb, the ticker symbol ABMB. I really like this one, even though it's not confirmed yet. So this we're going to be setting an alert for the gap fill. So what we did, we just right-click this 129.85, right-click, add alert, and we'll just name a gap. Alls we're doing on this is just waiting for that to trigger. So once it gets under the 129.85, our price alert will trigger, it'll ding, and then, you know, there's a good chance it could flush and try to fill the rest of the gap. But you can see, I mean, it kind of topped out here as a nice like seller's wake at the top. And then it did take out the low of the previous day and that's when the flushing really picked up once it took out that previous day low. And this is after a pretty good earnings report. You can see they beat by 2.19% on revenue and then they also, you know, beat by like 87%. So that actually did pretty good on earnings. And that's why they had that pretty big move up and also this gap. But why you want to wait? Because this 129.85 gap support can definitely act as a base. You know, sometimes you'll see it, you know, kind of like chop around at the base or it'll try to base off and then, you know, go higher. So technically you're still on a single top here and that's why it is a little bit riskier and you do want to wait for that 129.85 flush. You're not going to wait for that alert to hit. Makes it a little bit more secure and you know, you're not rushing and pretty much taking a wild guess that it's just going to break. You are waiting for that confirmation. AB and B, you're just going to be waiting. Looks pretty good for that gap filled down. This will provide a good day trade assuming it does get under that 129.85. That's our five individual names. You got KO, we're looking at calls. Nice little falling wedge breakout. Adobe, do that third trend line test. Looks good for calls as long as it holds over that line. We did right click the line and then just set that alert in case it doesn't want to break down and we need to switch our bias to put. INTC, you do have that confirmed up trend break. Snap, same thing, confirmed up trend break. That Airbnb we just went over. Just waiting for that 129.85 alert to trigger. Next, we're going into the indexes. So this week, they're not that great. Honestly, I feel like this segment's going to be a little bit more boring this week because there's really not a great setup on this. One thing the spy does have here is this 405 support holding pretty good. You can see it made that low last Friday and it was able to make a nice little base in order to go higher. I didn't think it looked favorable just because it went under 410 last week. So I wasn't really focused on the spy. I thought the QQQ and the IWM looked way better for a back test trade to the upside. This week, it's kind of the same thing. We're right back to where, basically right back to where we closed last Friday. I mean, you do this 405 holding your strong support. So I feel like the bulls do have a good argument back up to the regular resistance, 415s or maybe this 410 area where it topped out over here on the CPI day, it's also a good range. So maybe that 405 to 410 is your day trading range. Otherwise, I mean, there's really no specific setup here. Otherwise, it looks pretty good for a move back up short term. But I mean, for the bears, even I can't put you any lower because this 405 is holding. So unless it gets under 405 or this demand zone, for now it's holding overall structure and does like pretty decently bullish. We added an EMA cloud. So this is the nine and 21 day moving average. You can see it's pretty much basing right off the 21. Your lower 21, this is your nine, your 21, your 58 and then a 200 simple moving average. You can see it's holding the 21 EMA pretty good. So still holding the overall uptrend and bullish structure. You can't really count the bulls out here. You do have that strong support at 405 as well. So the bias to the upside looks more favorable here. Might have a move back up to, you know, the 415s or you could use this 410 CPI print day as a price target as well. Right now the futures we're selling off a little bit, the ES and the NQ, but I mean futures are pretty much noise until open, you know, closer to open is when it's more important and also the cash session. So that's for spy and no position. I feel like day trades will be pretty good off this 405 support for calls. If it does want to get up to 410 or 415, that's kind of an area you can look at for puts, but I don't even really base my day trading too much off of the data levels. I use Camarilla Pivots. You want to go check out my video on that, just, you know, tag me in Discord or something or, you know, reach out. Or you can check our YouTube channel. I do have a video on Camarilla Pivots and that's going to be based off the previous day range every single time. And I pretty much just auto plots your levels for you. So that's my main day trading strategy. I use that, but I do like to pair the daily levels in as well because they are important. QQQ. So last week I said this little more favorite rule for the bulls. You can see why just that 296.87, it did base off that really nice. And then I said it could have room up to 311.03, you know, this little resistance from this area right here. We didn't reach it all the way, but I mean, it got close. Either way, there's a fresh supply zone right here. So you got a rally base drop supply. Got created from this sell-in balance right here, came back up, tested it, rejected right off of it and right back to square one. So this is last Friday's close, that's this Friday's close. So really not that much higher. Either way, 296.87 base, previous resistance. Holding is new support. Ideally, this could just repeat the same thing as last week, just holding the same structure, head back up to supply. So we're really just in a job range right now. It's pretty bad and it's pretty boring as well, but really good for day trading, not so much for swing trading. If you're a swing trader, obviously this is your ideal by the dip area. You know, you're waiting for it to get lower, selling higher, day trading 296.87 and the, you know, the same, basically the same trading range as the swing trader right now, to be honest. Swing traders, you need to break out of here or get under that 296. Day traders can kind of just stay between the range. If you're a swing trader, you can do that as well. You're just probably not gonna get as much risk to reward because you're stuck in this area and you're, you know, your profit's limited. If you're getting further out exploration, I mean, this little range right here is not gonna pay that much. You get to make the big moves like these to pay, you know, 30 to 60 days out if you want it to pay pretty good. Well, just depending on the premiums too, like last week we got puts about here and we sold them about, you know, here at the 300 range. Paid about 37%. So it's pretty good. And it's not like it was like a huge range or anything. But I mean, if you're going 60 days out, you know, you're a board with like a longer term swing trader, you hold for multiple weeks, you're gonna need a little bit more than this range to get a nice return. So that's all I meant by that. Otherwise, same range as last week, 296.87 up to 311.03. The fresh supply zone here, it starts at about 307. So it does shoot up here. I could probably push you as high as that. That's about as much as I can do right now. Really just stuck in this range, really kind of a boring range. We're just gonna be waiting on that. Otherwise looks favorable for the bulls. IWM, same thing as last week. I did close a little bit higher. Still holding that 189.56 level based off of that shot higher. I said this would be your trading range that 189.56, you know, up to, you know, basically 200. It only made it about halfway though. So still the same range. That's for that 189.56 up to the supply or the, you know, the 200 as a max PT because that's the supply zone high. IWM here, I mean, you do have maybe a little bit more room up the supply but that's about it. One could even argue this is kind of like looking a little bare flaggy, right? You get the, you get the pole. You also have this consolidation. So I mean, if this little consolidation breaks, breaks down, you know, that is kind of like a little bit bare flaggy and it, you know, could go lower but not really like a clean pattern or anything to be honest. Totally that 189.56 base, which comes from this has new support. Really you're bullish until you get under that. Really no specific setup on this. You do have that argument up to the supply, you know, 195s or so, that's about it. Really no trade on this for me. Last week is probably way better because you're, you know, good at that time. You get a fresh base off of this. And then it opened Monday and, you know, you could enter and pray for the rest of the week up there. This time we're kind of like in the middle of the range. So not really the best spot. So IWM, no position for me this week. I'd say that QQQ looks better for a move back up. Next, we're going into the VIX. Really, same thing. I mean, it's just stuck in a range. It broke, broke out of this wedge. We thought we were gonna get a little bit more volatility on this wedge breakout but it instantly sold off the 50 EMA. You can see you got a rejection here, rejection here, rejection here, rejection. And I think this is like the fifth or sixth 50 EMA rejection. So if you're bearish on stocks, you do need to get it over that 50 EMA and you need to see it holding, especially holding over the 20 level still. If it gets back under the psychological 20 level, I feel like the bulls will be back and play pretty good. Otherwise the VIX is just kind of chopping around here. I mean, it's really not doing anything. You could be playing a role in why the indexes are chopping as well. You didn't know the VIX just moves based off of SPX options, just based off the supply and demand quotes of SPX options, calls and puts. So I'm not sure there's really anything specific on the VIX this week. You can see, I mean, it's just stuck in a range. I would say it's just still has the same, you know, focus psychological level at 20. You know, if you're bullish on stocks, you need to get back under. If you're bearish, you need to stay over obviously and also get over the 50 EMA. There's even a new peak here at 21.94 that I'd have to get over in order to get back to the 22 to 2023 average close. That average did drop from 25.11 last week to 25.01 this week. That's our average going into the new week. If you're wondering how I got it, I pretty much manually plugged in my data. This is our close, you know, from last week or five closes. And here's our new plotted average at 25. We're just 25 flat. Yeah, the VIX really, another really boring looking thing. I mean, even the indexes look boring. The VIX looks boring. It's all just stuck in a range. It feels like it's just waiting for something big. We're just really in a consolidation zone. I really thought that it could get more volatility hiking up here just from that breakout. It only lasted a day or two. The 50 EMA pretty much did demolish that. Really needed to get over that 50 in order to see a bigger move. And, you know, if you're bullish on stocks, you really need to get back under that 20 level break 19, et cetera. The VIX is just at another inflection point. There's really no, no fresh signal on this, which kind of sucks because we really don't have anything to go off of going into next week. I'd say the dollar is kind of giving better signals. And, you know, we'll go into that right now. So the US dollar, last week we were focused on this downtrend line. We got to test one, test two. We had to test three, small rejection. I thought maybe the bulls had a chance here. You know, if you're bullish on stocks, you wanted to reject here and go lower. I feel like once it broke out, I feel like this is kind of giving a new trend here. And it could result in a, you know, a dollar spike and a good spook equity. So you can see it's kind of just like broken out. It's basing out, kind of bull flagging a little bit. It's kind of scary. You know, if you're bullish on stocks, you wanted to get back under that trend line in order to not see elevated volatility. If it gets back under that, that'd be good for the bulls. Another new peak that it has here is this 103.96. It comes from this level right here. It needs to stay over that. And also it's going to need to get over that 104.66. Comes from this recent peak and spike. If it gets over that, it can get up to that 105.63, which is this hard rejection zone right here. Otherwise this is breaking out. I mean, it looks like it can go higher. I have to be bullish on the dollar here until proven otherwise. If it goes back within the downtrend line, I could change my case, but facing out here, it's holding the breakout. It doesn't seem like it wants to go anywhere yet. So we'll have to see. Another thing that's interesting, we're still over the COVID peak. So this is when the dollar spiked and topped out in 2020 and then sold off due to stimulus and fewer rate policy from the Federal Reserve pretty much just crushing our dollar. I feel like now that it's back over this peak, we're still in a pretty elevated zone to be honest. And we do have a weekly close finally over that. We have two consecutive weekly closes over the COVID peak. It comes from this candle and this candle right here are two most recent ones. As long as it's staying over that, I would consider the dollar elevated to be honest. I feel like that's a really good zone to focus on. You can see, I mean, it's even made support off of it a couple of times. You got a base, base, base, base, base. Yeah, five base candles, just off that 2020 COVID peak level. Yeah, I feel like the dollar could go higher here. I feel like the dollar's calling the feds BS, starting to price in that higher dollar move here. That could spook equities. So we really have to be careful this week. Just due to the dollar breaking out here, could be giving us the nice signal that stocks could go lower. Also the bull flag as well. So we'll just see how that turns out. One thing that it does have going against it is the KDJ crossover here is starting to go a little bit negative. But I mean, that could be invalidated quickly. So obviously I'm gonna believe, you know, the downtrend breakout and the price patterns more than I'm gonna believe the indicator, but that's just another piece of information that it does have. Otherwise breaking out bull flag has that move up to 104.66 potential. If it gets over that, I move over to 105.63. Hope you guys enjoyed this video. I'm gonna go ahead and get this chopped up, edited, get it uploaded. I love you guys. Make sure you tune into the next one. Make sure you like, comment, and subscribe to our Xtrace YouTube channel. And I'm out.