All posts by Sami Abusaad
Watching for a Recession
The market popped last Monday when it triggered a buy setup, followed by a drop on Tuesday. But the 20 ma is still pointing up, making it much more difficult to tell where the market will go this week. Sami explains what he is watching this week and what needs to happen before we can expect follow through. In this video, Sami explains: – The signs that are pointing to a coming recession – Which healthcare names he’s holding on to – The moving average we need before the market starts to tank – How he made mistakes on CHK – Why DOGZ looks better than other Chinese stocks
Continue Reading -->Signs of a Possible Pullback?
Fundamentally, there is no reason for the market to be rallying… but the bullishness is undeniable anyways. This week, Sami is watching for signs of a sell setup, which would be the catalyst to change his sentiment. What are the signs he’s looking for, and how likely is it for the market to pull back? In this video, Sami explains: – Why he doesn’t think the best ideas will be in the US equities market – Which crypto name he thinks will fare the best if the market remains bullish – The Chinese stocks he’s looking at this week – How high the target for CPSH is – What he likes about EAR even though it’s thin
Continue Reading -->What Caused Sami to Change His Sentiment
The hot debate in the Strategic Day Trader room last Friday was whether or not the market has topped out long term or not. Sami was one of the first people to say that we have, but changed his bias after the market pop. What caused him to change his mind, and what is he thinking going into this week? In this video, Sami explains: – What he would do if he were bearish – Why he missed out on AVGO – Where BORR looks like it’s heading – Which time frame he likes best on EXTN – The penny stock that popped hard last week
Continue Reading -->Have We Hit the Long-Term Bottom?
The QQQ has hit a bottom, and Sami’s taking it as the long-term bottom for now due to the multiple green bars after a big drop. What signals would make him change his mind? And how is the upturn affecting his trade ideas for the week? In this video, Sami explains: – Why it hurts to watch healthcare stocks – How CAH differs from other stocks in its sector – Which stock ITOS reminds him of – What surprises him about JBHT – Where M could be heading
Continue Reading -->When Will the Market Bottom Out?
The market doesn’t seem to have hit a bottom yet, but it’s on it’s way downward and looks like it will hit Sami’s next support area. What has to happen before you start looking at the support area after that? In this video, Sami explains: – How CRWD differed from QQQ last week – What he doesn’t like about DDS – The mistake he made on DTE – Which chart he prefers for EPAM – How to find a transition A breakout in MULN
Continue Reading -->Signs of a Recession?
The market had a significant drop last week, and Sami believes that if Thursday’s low doesn’t hold, we could be in for a recession. But knowing exactly where we go from here is a different story. Find out what Sami’s watching in the week ahead. In this video, Sami explains: – The number one pattern showing up on charts right now – Why CIEN looks different from other stocks – Which name he thinks is going to the moon – The oil stocks that are looking bullish – How his bearish idea list compares to his bullish list
Continue Reading -->QQQ vs. SPY vs. IWM
Welcome to this week’s Swing Trade Game Plan: Sami goes over: What a downtrend is Why the QQQ looks bearish The difference with SPY and IWM Which index ETF is holding up best The overall bias this week The 13 names Sami likes now The 8 names Sami believes can drop So jump in and get your game plan!
Continue Reading -->What Would it Take to Be Bullish?
The market has consistently had lower highs and lows since December, culminating in bearish moves at the end of last week after it had tried to move higher. How has that affected Sami’s view of the market? Could another move higher changes his sentiment? In this video, Sami explains: – What AA and CF reveal about the agricultural sector – How the oil stocks on his watch list compare – Which stock is a possible hedge against a market selloff – Why it’s not too late to play NVCT – Why he has a hard time finding a stop in ETSY
Continue Reading -->The Bearish Breaking Point
Figuring out the bias of the market this week should be pretty clear, at least according to Sami. What level is he watching for, and how does that tell him whether or not the market is bearish? In this video, Sami explains: – What an hourly chart shows for ADGI – How many ideas he’s planning on taking this week – Which group of stocks is very bullish – Why DAC may be headed towards all-time highs – What kind of breakout can be found in MDRX
Continue Reading -->Where is QQQ Going Next?
Last week Sami mentioned that support for QQQ would be at 350. At the start of this week, QQQ is already at support, but that doesn’t mean that it’s going to hold. Find out where he thinks the market is heading next and when it might get there. In this video, Sami explains: – What’s so difficult about Bitcoin – Why this week is harder to predict – Where to place targets for DOGZ – Which pattern can be found in GFI – How OVV compares to USO
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