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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 February 14th 2022.
In the S&P500, We have look above and fail on multiple balance areas. From the weekly time frame, a clear set of lower highs, and the potential for a head and shoulders pattern to pan out. The bears seem to be stepping back up and with the tensions of geopolitical unrest are not helping.
In the QQQ and Nasdaq we see continued relative weakness, easily shown in the fib re-tracements. We will know early on in the week if the support trend line will hold or break, giving us a little more insight into what might be in store the rest of the week.
IWM and the small cap stocks are still screaming risk off. Nothing about the chart looks bullish, and its showing the most relative weakness. There was another failed backtest of the 208 area.
00:00ββββββββββββββ β Intro
00:42 β Broad Market (SPY, QQQ, IWM)
12:05 β Core List (AAPL, NFLX, TSLA, BABA, FB, NVDA, MSFT, AMZN)
24:51 β Trade Ideas (MU, ARKK, LCID, SBUX, LMT)
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.