Scott Redler’s Dog Bytes: Metals and Semi Strategies

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SPX futures are -37. The 4220 area is big support. If 4279 is reclaimed, maybe it relieves some pressure. We’ve lifted off the lows a bit as headline about negotiations come in.

AMD still doesn't act special because it's just a tactical trade here and there depending on the day. See how it handles $106.80 today if tech gets a lift.

NVDA remains trapped in a downtrend like most tech names. It's just a tactical trade based on the day. Friday's low to use is $224.82.

GLD is still working higher. I put on a macro strategy in January to benefit from higher prices. It's been my biggest swing long. It's up again this morning after clearing $181.30 Friday. I’d trim some if I was in more than Tier #2.

SLV is trending higher. My call spread is almost maxed out. My expiration is 3/18 and I need it to stay over $23.50. I’d trim some if I was in more than Tier #2.

Positions Disclosure as of 3/7/2022 at 8:56 a.m. ET