The Stock Market ISN'T Bearish [...but] | Options Trading Weekly Watchlist | 19 July 2021

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 July 19th 2021.

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The S&P500 has finally started to see a little bit of pullback. The question now remains, should you buy this pullback? We'll based on a few different metrics, we would argue that the stock market isn't bearish. We are still above weekly trend lines, above the 20 SMA on the daily, and have repaired some structure. Going forward, we need to monitor for any signs of reversals such as printing hammer candles or taking out prior days highs etc...

Critical levels to watch in SPY are 431.7, 428.65 and the gap fill around 424 whole dollar. Each of those should tell you about the state of the market if reached.

In the QQQ and Nasdaq there is a much healthier pullback developing. There was not as much poor structure to repair below us so it makes sense that the pullback had more control. For now, watching the low end of balance at 355 and then 344.5 prior breakout highs.

IWM and the small cap stocks have come into their support trend line and the 215 area of support. Watching to see if we rotate all the way to the bottom end of the longer term consolidation at 208. If we do, this is starting to signal more of a risk off in equities than the neutral risk we've seen as it went sideways for over a year.

We also look at the following trade ideas: MU, KO, PG, MRK, AFRM. Many in the consumer staples* industry which we know does well in the high inflation environment.

00:00​​​​​​​​​​​​​​ – Intro
00:42​​​​​​​​​​ – Broad Market (SPY, QQQ, IWM)
10:02 – Core Companies (AAPL, NFLX, TSLA, BABA, FB, NVDA, MSFT, AMZN)
20:38 – Trade Ideas (MU, KO, PG, MRK, AFRM)

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.

#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 Stock Market ISN'T Bearish [...but] | Options Trading Weekly Watchlist | 19 July 2021 канала Trade Brigade