Scott Redler’s Dog Bytes: Big Tech Watch

QQQ broke above the wedge pattern to hit $351.46. We navigated it very well. Now we'll see if $348.85 holds to make it easier to massage our Portfolio Approach.

FB: I sold as it hit $344.90+ from my buy in the $330 area. I'll see if it holds the $340 area for potentially another opportunity through $344.90 in a session or so.

TSLA: I caught a big move from $615 as it cleared $631 to hit a high of $697. Some news of a software recall brought it in a bit with a low of $667.61. Maybe there's a dip to buy vs. a 5-15-30 minute low. I'm short puts, and will look to buy the stock with a signal.

BABA calls were a great pickup for $2.50 last week when the stock was around $209. I sold half the options for around $7+ and held the rest as it hit a high of $230.25. I'll trim a bit more. Now, we'll see if it holds $225ish to set up and go again

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Positions Disclosure as of 6/28/2021 at 8:48 a.m. ET