Markets DO NOT CARE about inflation...
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- เผยแพร่เมื่อ 5 มิ.ย. 2024
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During the Midweek Market Update 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 May 15th 2024.
00:00 - Intro
00:40 - S&P 500 (SPY)
12:15 - NASDAQ 100 (QQQ)
18:45 - Russell 2000 (IWM)
24:15 - Supporting Evidence
39:55 - Core List (AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA, NFLX, JPM)
48:15 - Trade Ideas (TTD, MA, ORCL)
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.
Markets DO NOT CARE about inflation...
#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.
dont see why anyone would need to follow any other live stream or market update videos. truly astounding content
Thats correct
Thanks Justin! Appreciate you coming out to the show and dropping a comment. Hope we can claim the "most comprehensive technical analysis of the market" title.
At this point, I guess i throw my brain out, all technical analysis and just buy monthly calls everyday....
Facts
No you follow your chart! Make trades based off the structure you see before you. Do not blindly trade or you should not be using money to trade.
Saw people made 500k up to 1m because of a f** x meme 😭🤣 so calls are the way 🤣
Whenever markets take a trip -5% , long long long dated calls are a great way to lever the return compared to just normal long term shares... just an idea.
@@yasssgawwwd5643 I think it's safe to say it was just hyperbole! 😂 But I don't disagree with you!
Thanks! But it just upset me that I couldn’t get’r rounded to $20.00 😂
Cheers Okla!! But yes, you are ultimately correct.... Rule 2 does state, round numbers only.
I really hope we do get some volatility to be able to trade and not just more non-stop melt up.
Today was a huge move and that began the previous day. But you need?, Want, more? R u kidding?🤣✌️
@@yasssgawwwd5643 Do you know what volatility even means? Today we just moved up with no pullbacks. It's not good for traders.
We'll see. I have a feeling the melt continues and its a grind. NVDA earnings are the only thing left to cause vol ahead of the next FOMC.
Thank you for sharing!
You bet Lego! As mentioned in the show this morning. What a killer username. Love to see it
@@TradeBrigade I appreciate it my friend. You do a fantastic presentation everyday. I am just getting started, losing a little to learn a lot. Going to be trading green real soon thanks to you
Solid like always!
Thanks for checking out the show Jim!
I love these videos! Thanks for doing them matt
Always a pleasure BBB! Hope you have a killer rest of the week.
Thanks a million Matt. Great stuff!
The most classic name there ever was!
Thanks Matt!
Cheers BMW! Thanks for stopping by the show. Hope you have a killer week
Great TA as usual. Lots of good information. Thank you Matt
Cheers Dat! Appreciate you coming out to the show.
Thanks Matt. Always appreciate the detailed analysis.
You bet Jim! Thanks for checking out the show.
Everyone please pay attention to Walmart earnings tomorrow. If there’s any company out there that’s going to put the Market on notice about the health of the average consumer, it’s going to be none other than Walmart!
Walmart is in deep sheet...
Lol CNBC dubbed it the "Walmart Bubble" because of wealthier consumers. But yes this is a good gauge for the market!
Thank you!!
I finally visited the website and I'm excited to check out the Sunday trade ideas! Also, you might want to update the FAQ to reflect the new pre-market start time...
Great call! This should have been fixed a little while ago. This is why the Penthaus is better together.
Thank you friend.
Not a problem Jane!
Matt, you sounded quite excited on today’s video.😃 You must have nailed that NVDA Trade, I’m guessing! Good stuff, tonight. My big takeaway was…devoting some screen space to TNX, IWM, and the QQQ’s- On a 15Min chart, if I’m going to attempt any counter trend pullback in the SPY. I’ll be with the Brigade tomorrow morning, but- The Southwest “penthouse” office suites will be closed Friday, for some heart maintenance/remodeling! Hopefully all will go well, and will be back at on Monday.👍😁 Thanks Again, for the education!
Woah!! All the best luck with the surgery it sounds like. Not sure if I am over reacting, but truly sending thoughts for a speedy recovery. Hope you are well, and the Penthaus will always be here with open arms when you are ready to get back to markets. Cheers iSPY
Love it! The cpLie
Its a classic!
Thanks Matt. Your biweekly videos and livestream every morning are always helpful
Always a pleasure! Thanks for coming out to the show
Thanks Matt
Kyle! Thanks for coming out to the show. Hope your trading has been doing well
Always learning something new 💯 Thank you for the mid week update and all your hard work 🔥🎯🐐
The world of trading is constantly learning new things and adapting. Love to see the approach. Hope all is well CI!
replayed the first 30seconds right off the bat, lol. Thanks Matt, solid analysis... I hope you get some time in for some runs, tough markets mean tough workouts... the balance we seek is found within.
I love the saying. Going to start integrating sprints into the workouts this summer. 10 milers are cool, but sometimes you just want to exert that raw, unhinged power to give it your all. Distance does that to me mentally, sprinting does it to me physically. I'll keep you all posted!
Noticed that you added JPM to your list of core companies. Many moons ago, you had asked for a replacement and my choice was JPM. I waited patiently. Thanks.
The time has come!
Thanks for all Matt! Today was very interesting to watch. Constant chug up with buyers not giving the shorts any foothold. They were even buying the highs into close which was surprising to me. I'm really interested to see if we get some follow through. Was the buying real, or was it memorex? ;) Thanks again for all that you do! Ps... really like the idea of moving right through the core companies that don't have a setup. Saves a little time, but more importantly, saves some "gray matter" cycles. Damn... started it, guess I'm off to listen to some Elfman. ;)
Boingo strikes again! Agree on the premise though. Will keep things a bit more orderly if theres simply not much going on.
Thanks Matt! I've decided to take the rest of the week off and will install the new battery in my Harley. Irrational exuberance is on a roll.
Hey nothing wrong with getting on the $HOG and going out for a rip. Enjoy the open air
Great video... How can I find Michael in X?
I cant even remember which Michael I referenced, timestamp?
What platform do you use
Matt is using Think or Swim
What Carmie says!
Thanks for the doze of sanity, Matt. I was scratching my head as well with another bull run despite the nagging inflation but hey… the market will do what it wants to do - all this pent up post Covid energy just blowing down all doors, I guess. For now, steady as she goes! 😂
Steady as she goes! Ain't that right ever since the major low in October 2023.
Id imagine it will most likely be an inverse cup to bring us down, n you should see the structure form visibly prior, I’d imagine, that confirms itself with a break of the handle. I’d imagine.✌️
We'll see.. Im not getting the inverse cup and handle though. Where do you see that?
Every video just feels like listening to your homie just drop absolute heat about the market 🔥
We should start calling them mix tapes
@@TradeBrigade the based brigade mixtape vol.1 🙏
Patient 🐻 scratching his head at this one. There’s no way I could chase this higher. Congrats to the bulls, though!
The patient bear is good at being patient, however whats the opportunity cost of remaining a patient bear? Just a consideration 😉
@@TradeBrigade I hear ya. 5% money market provides nicely though.
I am wondering to what extent GME, AMC and it's ilk are affecting the volume flows at the exchange level impacting your NYSE market profile. Those were all inflows on Tuesday and all outflows on Wednesday. So much volume there.
It felt like it held RTY back today it would not rally with ES even with SMCI up 15%
Definitely has more of an impact on the Russell internals as thats where the "meme-ers" are contained. Net flows on the week though will shine through and keep us on the right side of the trade.
Hi Matt. Thanks for posting
Just got those 35 charts.
Awesome. Watching and using those chart as I watch the video
The infamous GGB
Always a pleasure GB! thanks for coming out to the show and taking the time to leave a comment. Hope you have a killer week ahead.
👍 What a day today! Calls in Bitcoin proxies paid all the bills for a while.... Thanks for the vid, as always Matt!
Cheers Mike! Glad to hear you're crushing it in the crypto proxies. Keep up the great work
Did Matt say CPLie ? lol. Thank you for the superior analysis.
I may or may not have!! lol
I have some doubts about us reaching the gap below us simply because of how rarely we have been doing that in this bullish of an environment… the likelihood in my mind is that we scoot higher and then consolidate up there above today’s high
I like the logic. I am in the same boat
Great overview and analysis, as always. Most profitable 2 days of trading I've had in a very long while. Hope you did well too. Wishing you much success the rest of this week and rest of this uptrend. Just FYI, Mike Silva pointed out an amazingly similar price pattern occurred in Q1 2010, followed by a dramatic fall in Q2. From my review of that period (Mike only mentioned the 5d slope turning negative), first indication of the fall is the 5dSMA and 8dEMA slopes turn negative, the 5d hits the 8d, the 5d then crosses below the 20d, and the nail in the coffin (per Peter's past comments) the 8dEMA crosses below the 21dEMA, which confirms the trend change to negative. From my own past observations, all these are typical indications of dramatic falls after a euphoric rise. But if the pattern is followed, we have a ways to go (4 to 6 weeks) before that eventual downturn.
I saw his tweet about this! Certainly tracking an uncanny resemblance. You know me though, I'll be tracking the trend count and changing tone when required! The 8/21 "pinch" very well could happen after a lower low has already happened. If its preceded by a lower high... you know the name of the game!
nee getting close to having a weekly symmetrical triangle breakout. dal still going up.
NEE rocking the XLU. Solid name that I would be curious to get a deeper dive into. I wonder if there are components like GOOGL, MSFT, and any other data center that account for a big jump in revenue.
YOUR THE BEST IN THE BUSINESS THANKS FOR THE REPLY
🔥
Thanks Roberto!
Let’s goooo!
Thanks for coming out to the show FFR!
GO RANGERS!!!
Vince coming in strong ehh?
Bulls on parade! Baby!!!!! Love that song
A classic. Too bad for the copyright issues otherwise we would have some killer DJ parties up in the penthaus streams.
Please explain what is meant by poor low not repaired. Absolutely no idea. Please do a video.
tradebrigade.co/poor-high-poor-low/
I’m a baker’s dozen of months into investing and trading but for the first time this shit just clicked. I can see a pull back to under the $522.75 for a grab of over $519.50. Then back up and a new consolidation that sets a new Support at that round house penthouse suite # of $528. My 1 inch vertical with a heel clack is somewhat impressive due to my excitement but not as much so for my newfound knowledge. Thanks so much. 5:45
I should have let it played out 😂
It is what it is, you got this far, you’ll go further and further. It takes a special type of human to be a trader and actually do it.
Keep the options open, but yes. When the pathing clicks and you know what you are starting to look for the world of trading really opens up. You know where you are in the count, you know where you should be going, you know that if where you should be going fails, its often a sign markets will go hard the other way. Cheers to breaking into that realm of thinking.
Better plot and more entertaining than Silo on Apple TV 🤣
HA! Thanks for coming out to the show Jonathan. Hope you've had a great week at these new ATHs
Dear Anyone in the right mind
Whuutayadoin if shorting Omaha
Even in the left mind
No shorting the Oracle!
Class Warfare.... Jerome should be raising rates.
We'll see!
I don't agree ....the market cares. New highs are often followed by crashes
Thats not even remotely true.
@@TradeBrigade ? See Nasdaq 2000. Market made all time high March 2000- 4796... By May it was 3000.... A 37% loss in 2 months.... That's what is coming. All the etfs own all the same stocks we have never been this correlated to the Mag 7. Trust me brother.... Its coming.
No one should be looking at a short that isn’t even presented.
Up up and away she goes!
Why the markets continue to make new highs? Today's Y/Y core CPI of 3.6% (down from 3.8% in March) is the lowest since April 2021; wages have outpaced inflation since February 2023; unemployment is at 3.9%. What's not to like? 🤣
Its progress, but damn... taking longer than almost everyone thought.
My main Based homie!
FIRST now let's rap
Gotta get big spark back involved... where is the rap battle!!
@@TradeBrigade my man
Next comment down eh
That's because there is still WAY too much money in the system... which means inflation is going to be WAY stickier than people think.
Plus, the AI hype train is still chugging. Billions spent on NVDA chips and yet so few products of note. The fact that big tech companies are partnering up tells me they got nothing going.
And a much bigger crash when the fed finally gets its way. Or, just hyper inflation and probably a worse scenario.
Stumbled upon a bear party. Hey guys. How’s it going? When crash, am I right?
Yeah let’s go bears! I’m not dumb enough to buy puts though until the yield curve de-inverts or something major.
Services will persist. M2 money supply needs to contract before that services side comes in. Simple supply and demand issue.
CPI data came, benign as expected
markets cheered, but service inflation unaffected
eggs and food finally on the downtrend
relief in sight? let's see how it bends
swatching spy, eyeing 522.75 mix
big tech is soaring, while small caps await a fix
bonds slowly uninverting, highs all around
but do we buy, or wait for the bell to sound
semis leading ahead
risk on, rates high, GME AMC fly, the games we play
with TB Matt, we find out our way
TB Matt takes Canada's largest college stage,
brought insights, setting market's gauge
one day later, Nvidia 922,923 resistance broke and soared
from balance to breakout, new highs roared
gaps filled, trades made, Tesla's a no touch
rolling with May-Ray, market clutch
TB Matt, is a based person, based and kind
100k by the end of May, maybe Trade Brigade BobbleHeads and vests in mind
"One day later, Nvidia 922,923 resistance broke and soared
from balance to breakout, new highs roared"
- INF(The based-est homie) 2024.
This is an absolute BAR.
This pull back that everyone keeps hoping for has not happened for the past 2 years, hence all time highs. It will eventually happen one day, but until that day, stop thinking of a pull back. You will all go bankrupt.
Hence why we talked about consolidation and momentum buyers remaining in control!
Will Fisker... FSRN be the Meme stock to close out the week. ? Rising 24 % Wed...AMC ...FFIE ..AMC and EV sector surging in May. Thumbs Up video/ comments. Thanks.
Im telling you.... 2024!!!
@@TradeBrigade Maybe next year
at this point, why do we even need a "game plan" its just going to f-ing go up every day....
I hear ya…Just about every time I get that thought rummaging around, in my head. We get a 40+ point Gap and plummet to the downside!🤪 Hang in there, 2-way trading will eventually find its way home 🏠
Thats what we mean when its "easy mode"
the only inflation a green scalper cares about is inflation of one's net liq. be safe. be green. smile. (tm)
Inflate that equity curve!! Bring it on jPow!!
I have to say, I find it quite interesting that most of the big names, AMZN, MSFT, NVDA, APPL, etc... don't show the same levels of strength compared to how bullish the XLK, SMH, SPY & QQQ look overall. Shouldn't this be reason for concern considering how heavy these names are in the indices?
Somewhat. Thats what the RSP starts to hint at especially the QQQE. I think AAPL has the opportunity to be deceiving as it is so far off of its high, that a catch up play, would be enough to prop up indexes.
Thanks Matt!
You bet!