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00:00 – Intro
00:13 – S&P Sectors
03:00 – Interest Rates (TNX)
04:35 – Volatility Report
06:12 – SP500 Technical Analysis
08:25 – Market Internals
09:37 – Market Profile
11:53 – QQQ Technicals
12:52 – IWM Technicals
14:20 – Trade Ideas (NVDA, WMT, MS, MRNA, TTD, ABBV)
The SPY is consolidating at the top end of the daily flag range, but the internals would say that the broader market is not really backing this move higher. For that reason we would prefer to be cautiously bullish into opex Friday. Breakout over the highs for 474 resistance trend line, or breakdown under the lows to get into some more market profile style nuanced short trades.
The QQQ and nasdaq stocks are in the same boat however dont have the restraint of the resistance trend line. Looking for about 405 psychological target if the move is higher, or lower to the neck line at 390.
IWM Russell 2000 and the small caps have now broken out of the year long range. With the retest of 234 coming into play, keeping a close eye on the zone to spot anything that looks like a reversal for higher. We want to avoid the look above and fail at ALL costs.
We also look at trade ideas in NVDA, WMT, MS, MRNA, TTD, ABBV.
If you're a day trader looking to make fast money online this stock market analysis has you covered! Keep these areas of support and resistance in mind, as well as any technical patterns, before taking on the rest of the day trading week.
Going into the trading day with a plan is important and will give your trading the edge you need to be a successful retail day trader. This S&P500 analysis will give 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 our job a lot easier. A quick glance at the stock chart can tell us where to expect buying and selling battles.
$SPY $QQQ $IWM — These are the three market index funds that are always on our trading watchlist. Some people call them hot stock picks but we like to call them our ATM.
Cautiously Bullish Into OpEx | Stock Market Analysis & 6 Trade Ideas
#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.
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