All posts by Sami Abusaad
Is the Market Officially Bearish?
Last week ended with a big selloff for the market and it’s a little uncertain what this week will look like. Sami explains where he thinks the market is heading this week and what you can do to prepare. In this video, Sami explains: – What will indicate the market going back to bullish – Which stock ignited the selloff – Where he is placing targets for QQQ and SPY – When OMI could become very bullish – Why TUP is his least favorite long play
Continue Reading -->Is QQQ Pulling Back or Breaking Out?
A daily chart for QQQ shows that the index is very extended and is due for a pullback. But an hourly chart makes it look like it will break out. Find out where Sami thinks the market is headed. In this video, Sami explains: – What has to happen to expect a breakdown for QQQ – How a climactic top will improve trading – Why he predicts that GLD will continue back up – Where he expects BLDP to go after a climactic top – How to find a Transition A Breakout
Continue Reading -->Why TSLA Could Turn the Market Bearish
Every market indicator looks higher for this week, but TSLA recently went climactic and AAPL is close. Both companies can have a major effect on the direction of the market. See how Sami is planning to trade both names this week. In this video, Sami explains: – Which stocks he will take short if TSLA is hit – Why he likes AKTS as a long term trade – Where CLDR will trigger as a long – Which chart he’s watching for SDGR – When he plans to take CVNA short
Continue Reading -->How a Double Top Predicts Market Movement
QQQ recently had a double top on the daily chart. The last time this pattern happened, it pulled back right afterward, but Sami think that it may continue to be bullish. Find out what you need to watch to determine the market trend. In this video, Sami explains: – What Sami got right about GLD last week – Where USO may eventually break out – When to enter ARWR as a core trade – Why you should be careful with DRTT – Which setup can be found in SIGA
Continue Reading -->Where Money is Moving This Week
Money has started moving out of tech and biotech stocks and into more defensive names such as banks and small caps. Find out which names you should be paying attention to this week. In this video, Sami explains: – Where to find topping tails in NEW and PBYI – What surprised him about USO – Why he doesn’t usually trust ADRs – Where to set a target for WDC – Which name was his best day trade from Friday
Continue Reading -->What You Missed About Friday’s Candle
On Friday, the market put in a trend day – the most bullish type of day you can get. However, Sami does not change his strategies based on a single bar alone. See what Sami needs to see before he buys into a real trend change. Then, see this week’s swing trading watchlist, which includes names like WATT, APHA, BITA, and KDP.
Continue Reading -->Finding a Pullback in the Market
The past two times that Sami has shorted the QQQ, he’s had to give it all back later. But he didn’t short on the recent pullback and regretted it. Find out what to do when you think the market has hit a top. In this video, Sami explains: – What could happen if the market takes out last week’s lows – Where to set targets for a market pullback – Why SPY looks different from QQQ – Where to place a stop for CANF – Which oil stock Sami expects to move higher
Continue Reading -->Where the Market is Heading After a Selloff
The market had a selloff last week, but it seems like this week may continue with the uptrend. Find out what each of the indexes project for trading this week. In this video, Sami explains: – The cause of QQQ’s selloff last week – Why TSLA’s base breakout will affect the market overall – His second biggest play of the year – Which plays for this week look like last week’s DVAX and HTBX – Where to place the stop for AKER
Continue Reading -->How to Recognize a Market Bubble
Last week, the market looked like it might pull back soon, but it remains bearish and doesn’t look poised for a pullback. In this video, Sami explains: – How the 20 MA will signal a pullback – Why IWM and DIA are the easiest to analyze – What kind of environment is needed for a market bubble – Where money would go after leaving tech stocks – Why AMPE looks better on a monthly chart than a daily chart
Continue Reading -->Is the Market Going to Pull Back?
There have been multiple points recently where the market could have turned bearish, but instead it pulled back and then made new highs. It’s currently at a high point now, so what should you expect in the next week? In this video, Sami explains: – Why the next few months might mirror the tech bubble crash – What the market would look like without the FAANG stocks – How the Fed could affect a potential crash – Why a crash can be exciting for a trader – Where USO might be heading
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