Top Options Trading Picks for the Week | Stock Analysis & Key Levels (June 29, 2020) πŸ“ˆ

Discover the best stocks for options trading this week. We analyze support and resistance levels to help you craft an effective trading strategy. Stay ahead with our expert insights!

Top Options Trading Picks for the Week | Stock Analysis & Key Levels (June 29, 2020) πŸ“ˆ
Trade Brigade
2.3K views β€’ Jun 28, 2020
Top Options Trading Picks for the Week | Stock Analysis & Key Levels (June 29, 2020) πŸ“ˆ

About this video

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 ahead.

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The market has struggled with the $308 level and is currently sitting back down around the $300 level and lower end of our consolidation zone. The key going forward will once again be wether or not we resolve to the upside of $300 or break below. Do keep in mind the overall context of the pullback and the fact that we are still above the 38.2 fib even down to 283.50s.

If you're a day trader looking to make fast money online, 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.

Going into the day with a plan is important and will give your trading the edge you need to be a successful retail day trader.

Instead of looking at stock market news and googling 'stocks to trade today' or stock market crash 2020, 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.

$SPY $QQQ $IWM $AAPL $NFLX $TSLA $BABA $FB $NVDA $ROKU $MSFT $AMD $AMZN β€” These are the stocks that are always on our stock watchlist. Some people call them hot stock picks but we like to call them our ATM.

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.

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2.3K

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23:07

Published

Jun 28, 2020

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