Serious WEAKNESS in the Nasdaq 100 can't be ignored...

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 July 17th 2024.

00:00​​​​​​​​​​​​​​ – Intro
00:50 – S&P 500 (SPY)
13:50 – NASDAQ 100 (QQQ)
22:00 – Russell 2000 (IWM)
27:20 – S&P Sectors
36:35 – Technical Supporting Evidence
44:00 – Core List (AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA, NFLX, JPM)
53:00 – Trade Ideas (GS, AVGO, OXY)

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.

Serious WEAKNESS in the Nasdaq 100 can't be ignored...

#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.

[Appocalypse]

Is it just me or does anyone else keep refreshing youtube constantly every Wednesday and Saturday waiting for Matt’s videos?

[iSPY_Lunar]

@53:30 “Silverman-sachs” 🤣😂🤣
Almost laughed up dinner on that one!

[aawara.music]

ah ! there it is the late night show. thank you so much matt for coming out and putting up a wonderful, informative video. Hope everything is alright with you : )

[colintmcc]

Thank you TB, as always, for the vid. One very random, but super helpful request I wanted to shoot your way... if at any point in any of your vids or even the morning prep, you had some time to talk about TA management, that would be a huge help. I find it VERY easy to allow my charts to get way too busy, way too cluttered. Curious how/when you update levels/zones, when you remove an element, etc. Always curious how others manage chart housekeeping like that. Regardless, thank you again!

[ByronPhuket]

A wonderful Thursday morning here. Breakfast is complete with the Mid-Week update to follow. Thanks, Matt, and all trade safe.

[bishoprian]

Appreciate all you do. We all miss you this morning! Have a great day

[mlangbert]

Good discussion. You're a man of reason.

[thatsmisterdadtoyou]

Been keeping an eye on RSP along with Rusty lately. Thanks for the video!

[MichaelScott-esgy]

I just found your channel. Happy I did - I think you have an in depth understanding of the stock market. Ironically enough, this whole week and late last week you basically kept pointing out how the market is gonna keep climbing and climbing and there’s nothing deeper than a small pull back. Now…

[teacherrussell]

Silverman Sachs😆Maybe founded by the less successful neighbor of the Goldmans and Sam's brother Julius. Thanks Matt. Fun and insightful as always. I have a pretty large OXY position in the 50's, and it caught my eye on Wednesday. Fun to see it covered here.

[tombranson]

There was no graceful exit, the selloff began early in the London session and just went south from there with no relief.

[Consistent_Investor]

The voice of reason 😂💯🐐. The level of analysis you have on your show is priceless🔥 I always enjoy your videos, keep doing your thing ⚡️

[sevensisters]

Dude you are hilarious, “enter in the center” always love the mid week updates. 🥇🏆

[navizillion]

Thank you so much for your great Analysis.

[tombranson]

NYA, SP600, MDY, RSP, QQEW all have made new all-time highs, and $DJT and IWM at 2-yr highs, 10-yr trending down, dollar trending down, gold up, rail modal transports up sans coal... these are not, at the moment, signaling weakness in the markets, unless these are all blow-off tops and one massive bull trap.

[RichardCabeza-lbrx]

Sir, I don't know howcome YouTube has never put you in front of me before !
Excellent work and I thank you .

[iSPY_Lunar]

The ONLY thing I am more excitedly awaiting than my Trade Brigade Mid-week Update®️ is the “Tes’Y” Refresh!!!
*also can’t wait to read all the “Doom&Gloom” comments, after the first Gap-down day in nearly a month on SPY!
Thanks TB_Matt, for the guilty pleasure 😂🍿

[colbranmx]

Matt finally got me bullish ... Then ... LOL

[jamesnap]

Matt how was the spy comparison chart done. @0.19 intro

[iwktwom]

Thanks, as always for the commentary. Just extending out this comment in case the algorithm counts words.