All posts by Sami Abusaad
50% Market Drop Ahead?
The S&P 500 officially entered a bear market last week with SPY and QQQ both in a bear market as well. Now Sami is predicting a 50% drop in the market! That would mean a long downtrend is ahead. Find out both the bullish and bearish trades he’s targeting this week. In this video, Sami explains: -Why he’s predicting a HUGE drop in the market -Why he feels like he hasn’t missed out on ADMA -Why he sees DOCU as a good long-term breakout -How to play MVST as a day trade -This year’s huge breakout in SIGA
Continue Reading -->Who Wins the Week – Bears or Bulls?
All three indices – QQQ, SPY, and IWM – had a great bullish pop on Thursday and it looked like the market would start heading up. But then TSLA and AAPL had drops on Friday that completely negated the prior day’s green bars. What sign will determine whether the bears or the bulls have won? In this video, Sami explains: – What’s happening in the biotech/healthcare stocks – The bullish signal that he loves in ASRT – How BZUN compares to last week’s move in YINN – The effect a recession has on healthcare stocks – Why he feels like he missed out on CELH
Continue Reading -->Prepare for a Rally
The market rallied hard at the end of the day on Friday, leaving a big bottoming tail on the day’s candle. But does Sami think that that means we’ve hit the bottom? Find out what he’s watching to understand the market’s future direction, and what he’s expecting to see this week. In this video, Sami explains: – Why ADI is the only stock of its kind – How he handles uncooperative trades – The changes he’d make to his strategy if he knew the market had bottomed – What sets AUY apart from other gold stocks – Which gap showed up in BROS
Continue Reading -->What Sami’s Taking Long This Week
Sami has been trailing out of a lot of his short positions and adding on some long positions… but all of the long stocks have something in common. What do these moves say about his thoughts on the upcoming week? In this video, Sami explains: – Why he doesn’t have any shorts on this week’s watchlist – What is so interesting about AKAN – How he plans to play stocks near their all-time lows – Why it might be too late to get in EYE (and what would keep it in play) – What makes LIQT an exception to the rule
Continue Reading -->Thursday’s Bullish Bar
Sami’s been bearish since the market broke down on a buy setup, so he was surprised to see a bullish day on Thursday last week. What sign would change his sentiment to be bearish again, and how is that affecting his trades for this week? In this video, Sami explains: – The hallmarks of a bullish and bearish market – Why it’s too late to go short – How he would trade a sloppy stock like CTRA – What is so beautiful about DC – Why HRT looks like a long term play
Continue Reading -->The Most Bearish Day
Last Thursday was what Sami said was probably the single most bearish day he’s ever seen. Every single big name started the day up, but then sold off. Should you expect to see a lot of selloffs this week, too? In this video, Sami explains: – Why timing is so difficult this week – Which supposedly recession-proof stocks were hit – What makes CTIC the best bullish stock – Why DCPH is both better and worse than CTIC – The most likely outcomes for TWTR
Continue Reading -->Selloff on the Horizon
Based on recent activity in SPY and QQQ, Sami says we’re looking at a prolonged selloff with an eventual probable recession, meaning a bearish sentiment for the near future. How should you plan to trade, especially this week? In this video, Sami explains: – How airlines will react to a recession – What is interesting about AKBA – Which Chinese stock looks special and unique from the rest of the market – Why he took DTSS off of his ideas list – How the defense sector looks for the next week
Continue Reading -->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
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