All posts by Sami Abusaad
Weekly vs. Daily Chart – Which One Wins?
It looks like the market is rolling over on a daily chart and is looking overall bearish. Sami is expecting a selloff this week, but the weekly chart is maintaining an uptrend. Which chart will fail, and which one will prevail? In this video, Sami explains: – Why the market has stayed relatively close to the ATH – When a breakout might trigger in ASPU – How AVIR compares to ARDX – Where he finds most of his swing plays – Which 3 telecom stocks he’s watching
Continue Reading -->Is the Market Bullish Now?
The market had a major reversal last week, and the SPY is now bullish (QQQ is close, but needs to break out more). Which indices should you be watching to determine market movement this week? In this video, Sami explains: – Why FLR is still a long swing idea for this week – What looks good about FULC – Which JXN chart looks the best – Where to find a transition A breakout in MTCR – How to find an entry in a stock like PDBC
Continue Reading -->Breaking the Market Trend
The market looked like it would roll over bearish last week, and it did. So now the SPY is testing the 20 ma and Sami thinks that it won’t hold like it has in the past. Find out what he’s predicting the market will do in the coming days. In this video, Sami explains: – How to find a head and shoulders pattern in QQQ – Which stocks are unaffected by the market selloff – Where CIEN could go if it takes off upward – Why he changed his sentiment on OLMA – What the next few weeks could look like for EH
Continue Reading -->How to Trade After the Black Friday Drop
Even on a half day, Black Friday brought a trend break to the market with news of the Omicron variant. Should you plan for the trend to turn back up or will it continue down? Find out what Sami’s thoughts are for market movement this week. In this video, Sami explains: – What he’d be extremely surprised to see in QQQ – The one name he’s looking to play long this week – When KRNT might trigger long – The reward-to-risk ratio for PSTH – Where he would add to a short position in AFIB
Continue Reading -->Trading a Top-Heavy Market
There’s a divergence in the indices, making the market top-heavy. Sami says you can expect a rotation, but right now his view of the market is dependent on what exactly you’re looking at. In this video, Sami explains: – Why AMRS is not a typical play – The type of breakout in ARWR – What he’s watching before he plays FCX – How to find a bottom in a stock like PCG – His long term play idea for this week
Continue Reading -->The Pattern Most Stocks Have
We got the drop that Sami was predicting last week, and now the market’s gone back up. Find out how to trade the current buy setup and why Sami says this week is an easy call. In this video, Sami explains: – Why he only included stocks over a million shares on his watchlist – Where the entry is triggered on a 1-2-3 setup – How the IWM affected many of the stocks on his watchlist – Why he prefers GEO over EAF – One of the biggest mistakes he’s made recently
Continue Reading -->Pullback on the Horizon
Friday ended with a reversal bar in the market, and Sami’s expecting a pullback this week. How has this affected his open positions? And which moves does he anticipate are on the horizon? In this video, Sami explains: – How to find a reversal bar after a runup – His general rule for placing a stop – What would make him like CMRX as a long-term play – The two possible stop prices for DNN – How he’d trade a stock like MARA
Continue Reading -->How to Find the Line of Support
The market is starting the week all out bullish, and should continue to be bullish barring a break of the line of support. Sami will tell you where he thinks the lows of the market are for the week and where it could be heading. In this video, Sami explains: – His best trade from last week (and which name is looking the same) – Why it’s not too late to get in ANAB – How you can find an entry on a stock you like – Which name has a classic 1-2-3 pattern – Why he’d like to get in on HPQ
Continue Reading -->Expecting a Drop in the Market
Some of the tech stocks were hit, causing relative weakness in the market. But the buy setup on the weekly QQQ and SPY charts worked, and Sami’s expecting a drop to come, although the size of the drop is yet to be seen. In this video, Sami explains: – Why he wants to get out of half of his SHIB position soon – Which reliable name is looking good to trade again – What signaled a good buy opportunity in AVIR – Where he thinks ELAN is heading – Why it’s not too late to get in on EPIX
Continue Reading -->What Needs to Happen to Start an Uptrend
The market broke its downtrend and put in one higher high and one lower low. Sami says that’s good enough to go off of, but not enough for an uptrend to be well-established. Find out what his uptrend criteria are and what you should watch for. In this video, Sami explains: – What a red bar will be the ultimate confirmation of – Why last September was his worst month – How AAPL compares to NVDA – Which Chinese stocks he prefers (including his favorite) – What the second entry for ETN is
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