All posts by Sami Abusaad
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
Continue Reading -->Will QQQ Break the Uptrend?
The market has recently been bearish, but Friday’s movement made QQQ look like it could be close to breaking its uptrend. Find out what Sami predicts about the market in the upcoming days. In this video, Sami explains: – How the Fed is affecting market movement – Where to find a transition A in TZA – Why Sami decided to cover VXRT – What needs to happen in USO to trigger a buy setup – His two favorite stocks for this week
Continue Reading -->Today’s Powerful Bearish Setup in QQQ
QQQ had a setup in the market on Wednesday that resulted in a selloff. Sami often uses this setup in his own trading, and he can show you how you can apply it to your own strategies. In this video, Sami explains: – Why QDEL’s breakout failure is different from the one Sami trades – Which instruments you can apply the setup to – What should’ve been the top for QQQ – How to predict a market selloff – What a breakout with no follow-through looks like
Continue Reading -->Is the Market Bullish or Bearish?
The direction of the market ETFs sets the tone for all other plays. A few weeks ago, Sami thought the market had hit a top, but this week could see more bearish movement. In this video, Sami explains: – What the most likely situation is for QQQ – Where SPY, IWM and DIA have to go to be bullish – How many plays he’s taken in oil this year – Why you need to be careful with short plays – Where to find a sell setup in GLOP
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