The Market Crash Continues... (A Failed Reversal) | 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 June 13th 2022.

In the S&P500, the market has finally broken down from the 8 day balance area. We are looking for continuation however there are two things that are going to make it slightly more difficult to see it immediately without pause first. One is the 100% retracement back to the lows, and the other is the fact that we were overly correlated on the Friday session. This just means that if there is any rotation early in the week to buy anything, we could go sideways first, not lower. Sectors are also confirming the deterioration.

We are watching 385 for the selling to ease a little bit, and to the upside, the gap fill trade is in play, but looking for resistance at the filling of the gap for overhead supply to start selling into any rally.

In the QQQ and Nasdaq looks similar with a substantial breakdown of balance. We will see if the FOMC fed funds rate on Wednesday causes more pain in the tech sector as rates potentially rise as much as 100 basis points, but more realistically 75. Levels here are 287.5, and then both the overhead gap, and lower gap.

IWM and the small caps are continuing to show some relative strength remaining at the support trend line, however being a failed breakout pattern, we would not look to say it's strong enough to support the idea that risk on is back in play. More neutral, with a break of the trend line confirming bearish action.

00:00​​​​​​​​​​​​​​ – Intro
00:35 – S&P 500 (SPY)
08:21 – S&P Sectors
14:45 – S&P Sector Ratios
15:58 – TNX (Ten Year Yield)
17:09 – Volatility (VIX)
18:18 – Market Internals
20:03 – Market Profile
22:30 – NASDAQ 100 (QQQ)
23:46 – Russell 2000 (IWM)
25:00 – Core List (AAPL, NFLX, TSLA, AMD, FB, NVDA, MSFT, AMZN)
34:00– Trade Ideas (PYPL, CVX)

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 Market Crash Continues... (A Failed Reversal) | 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.