Options Trading Weekly Watchlist | Stock Analysis | 26 October 2020

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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This weeks episode looks at the sideways action across the market and how ultimately we haven’t pulled back too aggressively to consider this a violation of our most recent up trend. SPY looks good for a breakout over our resistance trend line with a higher low and higher high set on Friday. QQQ has a little more work to do getting into its steeper resistance trend line, and IWM has remained the strongest looking of the bunch forming a picture perfect bull flag.

As we come into earnings season, the volatility and unpredictability of these events should start to dictate how you manage risk. Size positions accordingly!

In this weeks episode we also do a speed round covering 10 tickers quickly. PINS, DKNG, AMD, NIO, GOOGL, CMG, PEP, SBUX, SNOW, CAR.

0:00 – Intro
0:52 – Broad Market
8:54 – Core Companies
18:45 – Bonus Companies

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 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.

$ SPY $ QQQ $ IWM $ AAPL $ NFLX $ TSLA $ BABA $ FB $ NVDA $ ROKU $ MSFT $ AMD $ AMZN — 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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