The S&P500 Is Stuck! | Options Trading Weekly Watchlist

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During the Weekly Watchlist we review the best stocks for options trading. We go over key levels of support and resistance and create an actionable game plan for the week of January 18th 2022.

In the SPY we see range bound activity that has failed to get us significantly outside of the bull flag range on the weekly time frame. In the past week of trade we saw massive volatility, and not much directional followthrough. Until the mid point of the range is resolved, we will be patient and look for responsive trade first not initiative.

Please pay close attention to the S&P500 sectors, notably the XLK and the XLF. If the two are moving in conjunction, fine look for directional moves, if not expect more chop, day up day down activity.

In the QQQ and Nasdaq we see further weakness since rates have taken off and taken a bit of the tech companies profits. The main watch on the NASDAQ downside would be the daily 200 SMA noting it hasnt been tested in over a year. To the upside, since we are sitting at the lows of the range, look for any bullish rotation to take us to 388.78, the well defined lower high from Thursday.

IWM and the small cap stocks are starting to show some signs of deterioration however are still above the 208 line in the sand. For now continue to watch that level as a must hold. If its taken out that could produce a nasty downdraft.

00:00​​​​​​​​​​​​​​ – Intro
00:40 – Broad Market (SPY, XLK, XLF, QQQ, IWM)
11:13 – Core List (AAPL, NFLX, TSLA, BABA, FB, NVDA, MSFT, AMZN)
21:33 – Trade Ideas (CSCO, PG, MRK, WMT, SAVE)

If you're a day trader looking to make fast money online options trading, you certainly need to keep these areas of support and resistance in mind, as well as any technical patterns, before the opening bell on Monday morning. Stock analysis like this will save you a ton of time.

Going into the day with a plan is important and will give your options trading the edge you need to be a successful retail day trader. This stock analysis gives you that edge.

Instead of looking at stock market news and googling 'stocks to trade today' or best options to buy today, every Monday morning, technical analysis makes my job a lot easier. A quick glance at the stock chart can tell me where to expect buying and selling battles.

Our core watchlist are the stocks that are always on our options trading weekly watchlist. Some people call them hot stock picks but we like to call them our ATM.

The S&P500 Is Stuck! | Options Trading Weekly Watchlist

#OptionsTrading #TradeIdeas #TechnicalAnalysis

DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.

Видео The S&P500 Is Stuck! | Options Trading Weekly Watchlist канала Trade Brigade