Markets Can See More DOWNSIDE Here | 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 May 9th 2022.

In the S&P500, we have seen the dead cat bounce which did form a lower high after the 100% retracement. We have also retraced 100% of the FOMC rally. A few indications that point to downside are: sectors in risk off mode still, internals bearish but not overly correlated, $SPXA200R not yet at our inflection point. Bears remain in full control under 415.5. Targets on 405 breaks get to 400 and then 395. If for some reason there is a move higher, carry forward that 428.75 is weak and should break if tested again.

In the QQQ and Nasdaq we continue to see relative weakness, making new lows on the Friday session. Bears in control under 318, targets into 297.5 on the downside. Upside parallel weak level to SPY is 329.5, but this isnt my first thought of what will be in play.

IWM and the small caps certainly down in risk off mode. Day one of breakdown on Friday, will we see follow through? Bears dominate under 185.

00:00​​​​​​​​​​​​​​ – Intro
00:28 – S&P 500 (SPY)
07:06 – S&P Sectors
14:39 – Volatility (VIX)
16:23 – Market Internals & SPXA200R
18:55 – NASDAQ 100 (QQQ)
21:38 – Russell 2000 (IWM)
23:19 – Core List (AAPL, NFLX, TSLA, AMD, FB, NVDA, MSFT, AMZN)
34:33 – Trade Ideas (WMT, NRG, UPS)

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 Stock Market CRASH Hasn't Happened Yet... | 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.