Scott Redler’s Dog Bytes: The Metaverse Begins

Now let's dig into some of the individual names I'm watching.

FB got a positive reaction to the Metaverse pivot. The symbol changes to $MVRS on December 1. It is still broken, but some caught a Red Dog Reversal long as it reclaimed the $309 pivot to see a high of $325.50. It’s hard to chase this open, but it might try and fill that gap above this week.

TSLA was a huge winner for me and helped get me back to highs of the year. There have been multiple strategies since clearing the $805 area in early October. On Friday it cleared its flag pattern above $1094. I'm long and will trim some. I also have some calls sold higher, and I may add to those carefully.

MSFT has had impressive action both pre and post-earnings. Keep managing the trade. It hit $331.05 Friday. I'd look to trim, not add this morning. It's a little extended. That doesn't mean it's an easy short.

GOOGL has been best in breed. Some active longs might be in vs. $2893. The recent all-time high pivot is $2973. See if it clears that for extra cash flow.

AAPL absorbed the post-earnings weakness well Friday, giving us a cash flow opportunity. It's flattish this morning. I might need some time. Let's see if the $148.50 area holds.

Positions Disclosure as of 12/1/2021 at 8:11 a.m. ET