All posts by T3 Live
Tesla Is Hated!
Markets took a big hit late last week as the Omicrom COVID-19 variant sent shivers down traders’ spines. HOWEVER… are traders scared? Judging by our survey results, only a little, aside from Tesla (TSLA) – where sentiment is very negative. (scroll down to see the numbers there Traders Keep Backing Away from Stocks We’ve been running our survey for 8 weeks, and we have our most negative reading for the SPX so far – just 56% of traders are bullish. This means that traders barely reacted to last week’s selloff. Bitcoin Gets the Ugly Stick Bitcoin sentiment actually rose slightly this week.This is pretty interesting considering that on Saturday, Bitcoin collapsed and almost broke $40,000. And as you might expect, the downtrend has traders more wary of Bitcoin. Apple Still a Fan Favorite Apple has been one of the strongest stocks in the market but optimism towards the iPhone maker has been headed downhill fast. Just 53% of traders said they are bullish on Apple for the next 30 days. Tesla Sentiment Collapses Traders have been cautious on Tesla (TSLA), but now they’re outright bearish. Just 36% of traders are bullish on Tesla for the next 30 day:Why all the hate? We suspect it’s simply a case of opinion following price. The stock is well off the November highs, and dipped below $1,000 this morning: Gold All Over the Place Gold sentiment remains remarkably volatile. And for now, Traders are pretty much deadlocked. Traders Still Against Oil Crude oil prices are well off the October highs, which took a hit on sentiment in November. However, bullishness rose to 60% in this week’s survey.Save On Your Alpha Team SubscriptionWant to save $100 on Scott Redler’s Alpha Team VTF® service? Click here.
Continue Reading -->Markets in Turmoil? 12 Charts You Need to See
Thanks to the Omicrom COVID-19 variant, the bull market got stopped in its tracks, and the S&P 500 Index is now 4.3% off the highs. 4.3%. That’s a mere drop in the bucket after such a a big move for stocks in 2021, right? But… a look below the surface of a major index like the S&P 500 shows that markets are in far worse shape than you might think. In fact… we can credibly say we have “markets in turmoil!” Because if you’ve been in the wrong stocks or cryptos, you’re down a heck of a lot more than 4.3%. That means risk management and stock selection are key right now. So let’s go through the charts you need to see.The Apple EffectAs the #1 weighting in the S&P 500 — and by virtue of its ability to impact other stocks — Apple (AAPL) is essentially holding up the stock market.The S&P 500 is helpful for judging the performance of large cap stocks, but it can never tell the whole picture of the market.Just 10 stocks account for 30% of the movement of the S&P 500. And they’re mostly big cap tech stocks… with Apple at #1. Apple is a consistent fan favorite in our sentiment polls and has been remarkably strong, even in the face of a rumored iPhone production cut.VIX Approaching January Highs The VIX is known as the market’s fear gauge, and just hit levels not seen since January. What does this mean in plain English? Well, the VIX uses prices of various S&P 500 options to measure traders’ expectations of volatility. So traders expect rocky times ahead. Will they be right? We’ll see. Helpful Link: Our Primer on the VIXSmall Caps Spanked! You just saw that big caps are holding up fairly well. But what about small caps? Well… it ain’t pretty:IWM is 12% off the highs for some major relative weakness as countless small stocks are 20%+ off the highs. Now let’s dig into one of the more speculative areas of the market… crypto currencies.Bitcoin & DogeCoin Are Crashing Bitcoin is getting SMASHED, and as of Saturday morning, it’s 32% off the November 9 high. Interestingly, that high came right around a few interesting news events. In early November, New York City Mayor Eric Adams said he wanted his first three paychecks t be paid in Bitcoin. And on November 17, we learned that Crypto.com paid a whopping $700 million for naming rights to the Los Angeles Lakers’ Staples Center. Of course, this came amid an alt coin craze led by Dogecoin, which itself is diving:Did they top tick the crypto currency market? We’ll see. But needless to say, the downturn in the crypto currency market is emblematic of a risk-off environment. So as you might guess..Meme Stocks Get DESTROYED AMC Theaters (AMC), the King of meme stocks, is now 37% off its highs. Other names in the meme stock universe like GameStop (GME), Camber Energy (CEI), and Vinco Ventures (BBIG) posted big declines. Again – another sign that speculative money is coming out of the market.Travel Stocks Take BIG Hits As you might expect with increased COVID-19 fears, travel stocks are down big. The US Global Jets ETF (JETS), which tracks airline stocks, is down 20% in the past month: The cruise liners like Carnival Cruise Line (CCL) are in even worse shape. Now let’s talk about… salads?The Stench of Sweetgreen Salad chain Sweetgreen (SG) looked like one of the hottest IPOs of 2021. On November 18, its IPO priced at $28 a share. The stock then opened at $52 and immediately hit a high of $56.20 for a 101% first day gain. Now? Sweetgreen closed at $24.82 Friday, 56% off the highs: Talk about your pop and drops…Energy Is Surprisingly Resilient Oil prices are well off the highs, but the energy sector hasn’t been all that bad. XLE is only 5.6% off its highs, even with crude oil down 20% from the October peak.Fun fact: XLE is the #1 performing major ETF in 2021, up 45.5% year-to-date.Need Help in the Market? Pick up Scott Redler’s FREE eBook and learn how he manages risk in his real money trading:
Continue Reading -->2021 Holiday Gift Guide | The Ultimate Gift Guide for Traders
There are gift guides for just about any hobby or profession out there… but traders are especially hard to buy for. Do you buy stocks if you have no idea what they’d want to trade? What about a new computer, or yet another coffee mug? But you don’t have to know anything about the market to get the trader in your life the perfect gift. We have exactly what they need to be a better trader and get the trading tips and tricks they really need. For the Active Investor: Power Plays newsletter Power Plays is a perfect option for the busy bee who doesn’t want to spend a lot of time researching and analyzing, for the hobby trader that is only in the market during their free time, or for anyone who wants actionable ideas without all of the fuss. Once a week, Scott Redler will send out an email with his latest big investment idea, along with his thoughts on current conditions and where he thinks the name is heading. And at the end of each week, Scott will write up a summary of all of the names he likes. Subscribers get his best ideas in just minutes a week. Right now, you can get a year of Power Plays for only $1,196.25 (25% off). The only thing you’ll need to worry about is how to fit it under the tree. For the Robinhood Trader who wants to improve their skills: Path to Profits course + 1 month of Redler Report Scott Redler has been trading for more than 20 years through the dot-com boom, the 2003-2007 recovery, the 2008 crash, the bull market off the 2009 bottom, and the COVID-19 market conditions. He has a lot to teach a beginner trader about what trading in real life looks like (hint: it’s not like a highlight reel). That’s why he created the Path to Profits course. Path to Profits includes a 2+ hour video course, 179-page course guide, and a fast track to profitability based on Scott’s unique trading method. You’ll learn all of the strategies, indicators and guidelines that Scott uses in his own trading every day. Want to add a bonus to your gift? Try adding on a month of the Redler Report, Scott’s newsletter, and get daily trade ideas, analysis and game plans directly from Scott himself. The Redler Report is sent out every morning, but it also includes 2 daily videos with hardcore market analysis and access to Scott’s private Twitter feed for real-time trade updates. The Path to Profits course with a month of the Redler Report is available for only $224! For the Active Swing Trader: Swing Trading course + 1 month of Strategic Swing Trader newsletter Wouldn’t it be great to focus on trading during market hours and not worry about scanning and charting? Sami Abusaad’s Strategic Swing Trader lets you do just that. If you can set aside a small amount of time before the market opens, you can get everything you need for the day from the SST course! Sami’s designed the SST strategy around his own lifestyle – since he also day trades, he doesn’t have time during the day to focus on finding new swing trades. He’ll teach you how to start each day with high probability trade ideas so you can set your trades and forget them. But if you want to take those swing trades a step further, try adding a month of the SST newsletter along with the course. You’ll get a list of 3-6 names that Sami’s watching every day before the market opens, including specific entry and exit levels, PLUS live, interactive strategy sessions every Monday after the close and daily “earnings play” updates throughout every Earnings Season. This bundle will give you Sami’s exact trading system, daily trade ideas and updates, and access to Sami’s expertise through coaching. If you have a swing trader in your life, this gift will take their trades to the next level in 2022! For the Experienced, Active Trader: Alpha Team VTF Trading can be lonely at times, but not if you’re part of a supportive and welcoming community. That’s why we have services like the Alpha Team Virtual Trading Floor! Trade in the room with pro traders Scott Redler and Dan Darrow, as well as hundreds of other room members all throughout the day. Trading is a team sport, and when you join a pack like the Alpha Team, your odds of thriving will skyrocket. The Alpha Team is active every day during the market open, although Scott and Dan often put in extra hours to make sure room members get the info they need. The room was specifically created for active traders and investors that follow the market closely each day, and it’s currently host to professional traders, financial advisors, hedge fund managers and individual investors from around the world. A month in the Alpha Team room is only $195, perfect for anyone who wants to test it out, but an annual subscription is also available for $1,995, allowing committed traders to save $345 on the total 12 month value. For the Active Options Trader: Actionable Options course + 1 month of Options in Play newsletter Trading options isn’t easy. But T3 Live’s pro trader Dan Darrow makes it much easier with the Actionable Options Course and Options in Play program. Dan removed 99% of confusing options theory and kept the 1% that really matters to create the Actionable Options Program. The course has 3 hours of video training and a nearly 300-page guide with easy-to-understand strategies, fundamentals and pricing mechanics to guide your trading. Add on a month of the Options in Play newsletter to get highly reliable options trade ideas directly from Dan. The newsletter goes out every evening after the market close and includes two new trades complete with a full breakdown and detailed chart. Dan also sends out intraday alerts with updates and analysis so you’ll know exactly when
Continue Reading -->Omicrom Scares Traders
The emergence of the Omicrom COVID-19 variant is weighing on traders’ moods this week. Let’s jump in and see what’s going on. Traders Back Away from Stocks The S&P 500 fell 2.3% Friday as the Omicrom news weighed on markets. That drove bullishness to 60% from 79% the week before. However, futures are up Monday morning. Some observers believe the Omicrom variant will be less severe than the Delta variant. And Moderna (MRNA) may have a new vaccine in early 2022. Now we’ll see if the bounce lasts. Bitcoin Gets the Ugly Stick Bitcoin is well off the November 9 high at $68,958, and has been downtrending since then. As you can see on the chart, Bitcoin has been hovering in the $53,000 to $59,000 range: And as you might expect, the downtrend has traders more wary of Bitcoin. Apple Still a Fan Favorite Apple (AAPL) shot as high as $165.70 last week, but the stock just dropped $10 in short order. Still, traders like the stock. Tesla Sentiment Rises Again Traders are still somewhat cautious towards Tesla (TSLA), with just 53% of traders identifying as bullish.So traders are still deadlocked on this controversial name. Gold All Over the Place Gold sentiment seems to bounce around based on whatever just happened. Gold got hit late last week, so sentiment is down. Traders Still Against Oil Crude oil prices are well off the October highs, so it’s no surprise that sentiment took a big dive.Save HUGE With Cyber Monday Deals!Want to save big money on our Cyber Monday specials? Click here to save HUGE on Scott Redler’s 2022 Market Outlook. Click here to save 65% on monthly subscriptions.
Continue Reading -->iLove: Why Traders Are Chasing Apple Now
What’s the big takeaway in this week’s sentiment survey. Traders LOVE stocks… especially Apple (AAPL). Traders Still Love Stocks 79% of surveyed traders are bullish on stocks for the next 30 days, which is no surprise given how the market came off the lows last week. Futures are off the morning highs, so we’ll see if the optimism is misplaced. Traders Still Like Bitcoin Bitcoin is well off the November 9 high at $68,958, but traders are still generally bullish on Bitcoin,,with bullishness over 70% for 4 straight weeks. Apple Still a Fan Favorite Apple (AAPL) has been steadily firing higher since its earnings report, and will open at new record highs above $160 on Monday morning.Traders believe Apple is headed for a strong holiday season as it seems like the company will only be held back by its ability to fulfill orders. Tesla Sentiment Rises Again Bullish Tesla (TSLA) sentiment increased for the second straight week following that mega drop down to 35%.Still, it appears traders are basically deadlocked on this controversial name. Gold Falling Out of Favor Last week, traders liked gold more than Tesla, but that situation flip flopped, likely because of gold’s big dip on Friday, which you can see on the chart: Traders Turn On Oil Crude oil prices have slipped from the highs, so it’s no surprise that bullishness on oil has slipped. And as you can see, energy stocks have taken quite a beating as of late after a nice run off the summer lows: Energy is still the #1 sector of 2021… but who knows how long that will last?Make Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. We’ll also email you survey results early on Monday mornings. We’ll soon introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->Tesla: Traders Are DEADLOCKED!
Last week, traders were squared up against Tesla (TSLA).This week, we’re deadlocked.Normally, we begin the weekly T3 Sentiment Report with the SPX, but our Tesla data has been so interesting that we’re leading with it again. Tesla Sentiment COLLAPSES! Sentiment on Tesla improved quite a bit week-over-week. So instead of outright bearish, traders are now split 50-50 over Tesla.The stock is down about $200 off the highs and was down last week, so it’s interesting that bullish sentiment improved from that 35% number. Meanwhile, now CEO Elon Musk is trolling Bernie Sanders on Twitter, which seems to be exciting the peanut gallery. The big question now is “will dip buyers jump in Tesla now?” We’ll see. Trader Grow More Optimistic on Stocks The market was up Thursday and Friday, and SPX futures are up fractionally on Monday morning. So it’s no surprise SPX bullishness pushed up to 77%. Traders Still Like Bitcoin Bitcoin bullishness has improved quite a bit since the October 21 Flash Crash on Binance.us. And we’re not surprised – Bitcoin has been in a nice uptrend, and has been up for 3 straight days, as you can see on the chart: Traders Still Like Apple Apple’s (AAPL) last earnings report was less than stellar, but traders don’t care. Apple bullishness has been rising, based on the perception that the company’s biggest problem is its inability to get enough supply. Apple literally has too many customers and not enough stuff to sell ’em. Gold Feels the Love For the second week in a row, traders like gold more than Tesla, according to our survey data. While gold and other precious metals have been lousy performers year-to-date, they have been surging as of late, as you can see in this chart of GLD: Why the surge? Inflation just hit a 30-year high at 6.2%, and many investors and traders view gold as a hedge against inflation. Oil Bulls Back Off Crude oil prices have slipped off the highs, so it’s no surprise that oil sentiment has more or less flattened out in recent weeks. Oil is falling Monday morning, so we’ll see if that weighs on energy sector sentiment.Make Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. We’ll also email you survey results early on Monday mornings. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->Exclusive: Tesla Sentiment Collapses After Elon Musk Tweets
What’s the #1 insight from this week’s T3 Sentiment Survey?Traders are turning against Tesla (TSLA). Normally, we begin this weekly report with the SPX, but this Tesla data is so shocking we have to start with that. Tesla Sentiment COLLAPSES! Bullish sentiment on Tesla (TSLA) dropped BIG. Just 35% of surveyed traders believe Tesla will rise in the next 30 days:That’s down from 63% last week. Why is this happening? Over the weekend, Tesla CEO Elon Musk floated the idea of selling 20% of his stock.Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Do you support this?— Lorde Edge (@elonmusk) November 6, 2021 Plus, Tesla stock ripped from $851 to $1250 after earnings and traders likely started thinking “this is too much, too fast.” Look at this chart:Combine that with the Musk Tweets, and traders really turned on the stock. As we’re writing this early Monday morning, Tesla is down about $50. But stay tuned… this latest twist in the Elon Musk saga is only starting… Trader Grow More Wary of Stocks Bullish sentiment on stocks backed off a bit from last week as traders content with a tricky earnings season and ongoing concerns over the supply chain crunch, inflation, and high energy prices. Bitcoin Bulls Are BACK! Bitcoin bullishness has been rising since the October 21 Flash Crash on Binance.us. And we’re not surprised at this latest surge – Bitcoin is up over $5,000 from Saturday’s low. Traders Still Like Apple Traders still like Apple (AAPL), even though the company’s earnings report was less than stellar. However, Apple seems to have more of a supply demand than a demand problem, so the company’s prospects appear strong. Gold Still Gets No love Now this is kind of hilarious: Ttraders like gold more than Tesla… at least according to this week’s survey. Still, gold remains out of favor overall, and that’s no big surprise. Here are the major metals ETFs performance year-to-date:GLD: -4.8%GDX: +3.2%SLV: -9.0%Meanwhile, the SPY is up 25.3% and QQQ is up 27.0%. Oil Bulls Back Off Oil prices slipped over the past weeks, and so the oil bulls are backing off a bit. However, Saudi Aramco raised the official selling price of its crude oil, so we’ll see if prices surge again.Make Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. We’ll also email you survey results early on Monday mornings. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->IMPORTANT CUSTOMER UPDATE: Why You Should Switch to Gmail Now
ATTN: if you are not receiving emails from T3 Live, please read this article in its entirety: In recent days, a recurring issue popped up again: Yahoo!, AOL, and Hotmail are failing to deliver emails – even to paying customers that have read our emails daily for years. Many of our industry colleagues are having the same exact problem. And Yahoo!, AOL, and Hotmail refuse to help, despite complaints from thousands of users. The problem tends to come and go for weeks at a time, which is unacceptable by any standard. How to Access Your Content Please note that you may always log into your customer Portal to access your content, where it is uploaded immediately. And to ensure you get your valuable content, we recommend you switch to Gmail as soon as possible. Yes, we realize this might seem like a pain. But if you’re not getting your T3 Live emails… what else might you be missing? Many of our customers are already transitioning to Gmail, where their emails get delivered like clockwork. Setup takes a minute, and is 100% worth it, even if you only use Gmail for your financial content. Our eMail Practices, and Next Steps T3 Live takes security and privacy very seriously, and we follow industry best practices for opt outs and other issues. In plain English, we run a clean and healthy email list. And there is no reason for you to open our emails every day for years… and then suddenly stop receiving content. So please, open a Gmail account so you can continue with your services worry-free. Just make sure you contact us with your change so we can get you back focused on the market. We also urge you to interact with T3 Live emails by opening and clicking as often as possible. This will help “train” email service providers to deliver your content. And frankly, it makes sense for any email content you find valuable. Sincerely, T3 Live
Continue Reading -->T3 Sentiment Survey: Why Is Tesla Loved LESS?
Welcome to the result of our weekly sentiment survey! As a reminder, our survey measures traders’ opinions on 6 different instruments:The S&P 500BitcoinApple (AAPL)Tesla (TSLA)GoldOilWe use a 30-day time horizon to get a sense of traders’ near-term expectations for the market. This week, you’ll want to see what’s happening with Tesla (TSLA)! Scroll down to see the details… Trader Still Love Stocks The stock market’s been remarkably stable despite concerns about the Fed, interest rates, earnings season, and the global supply chain crunch. Yes, we had a scare in early October, but it didn’t last:As you can see, bullishness increased from last week, which is no surprise given the market’s strength. We went from October scare to a parabolic move straight up. The Bitcoin Love Is Back Bitcoin bullishness stabilized last week, following the October 21 Flash Crash on Binance.us. Traders Grow More Cautious After Apple Earnings Apple (AAPL) stock got roughed up on Friday after the company’s disappointing earnings report, so it’s no surprise bullishness slipped a bit from last week. Traders Love Tesla LESS Despite Record Highs Tesla (TSLA) has been RIPPING since earnings, as you can see on the chart:And the stock is actually up another $40 to $1154 on Monday morning as we write this. Yet, bullishness on Tesla is slipping. It seems like many traders believe Tesla has gone too far, too fast – which is quite common for high-octane momentum stocks. We have to wonder if this means Tesla has even MORE room to run. Because if there are doubters, that may mean the crowd is not yet “all in” on the stock. And interestingly, according to Yahoo! Finance, the average price target on Tesla is just $779. That’s $375 BELOW the current stock price. Gold Still Gets No love Gold is still the least-liked asset in our survey, and that’s no surprise. Previous metals have been some of the worst performers in 2021. Just take a look at a year-to-date chart of GLD:Here are the major metals ETFs performance year-to-date:GLD: -6.6%GDX: -12.0%SLV: -10.1%Meanwhile, the SPY is up 22.8% and QQQ is up 23.1%. Ripping Oil Stocks Keeping Traders Bullish Traders remain bullish on energy, and that’s no surprise. Crude oil is up +73% year-to-date. Plus, XLE is up +51.6% with OIH right behind at +36.5%. That makes them the top 2 performing major sector ETFs of 2021. Make Sure Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->T3 Sentiment Survey: Traders Love Oil, Sour on Bitcoin
Welcome to the results of the second ever T3 Trader Sentiment Survey!As a reminder, our survey measures traders’ opinions on 6 different instruments:The S&P 500BitcoinApple (AAPL)Tesla (TSLA)GoldOilWe use a 30-day time horizon to get a sense of traders’ near-term expectations for the market. This week, we’ve made a shift to simplify our data presentation. In our survey, we ask traders where each asset will go in the next 30 days, with the option to answer up, down, or not sure. We’ve eliminated the “not sure” answers to focus on traders with real opinions about each one. So the numbers below use the Up/Down entries only to determine the percentage of Up vs. Down.Trader Are Slightly Less Bullish on Stocks It seems that traders are becoming slightly more cautious as we had through earnings season. There’s been a lot of concerns about inflation, energy prices, the debt ceiling, and supply chain disruptions, which may be souring the mood a bit. However, there are still 2.4 bulls for every bear, so it’s hard to call the crowd even remotely negative.Traders Feel the Bitcoin Volatility Bitcoin had a wild week, including an 87% flash crash on Bitfinex. Bitcoin went from nearly $67,000 last Wednesday to under $60,000 on Sunday, so needless to say, some traders got stung. So there’s no surprise Bitcoin bullishness fell to 57% from 70%.Traders More Caution on Apple Into Earnings Apple (AAPL) sentiment fell to 67% from 74%, despite the very well-received Macbook Pro event on Monday. Traders are more focused on supply chain concerns. Apple has seemed to mostly evade these issues, but industry analysts believe the company could get caught up. Stay tuned — we’ll know a lot more with the company’s earnings on Thursday.Tesla All-Time Highs Don’t Impress Traders Much Tesla (TSLA) reported blowout earnings last Wednesday and is actually indicated to open at record highs this morning. However, you wouldn’t know it by looking out our survey, as bullish sentiment decreased slightly. It’s likely that some traders believed profit taking would set in.Rising Inflation Puts Gold in Spotlight Gold was the least liked asset in last week’s survey, but bullish sentiment increased for this week. Why? Inflation. Many traders believe (perhaps wrongly) that gold is an effective hedge against inflation, and so they expect gold to outperform.Screaming Oil Prices Have Traders BullishCrude oil prices have been ripping, with prices rising over $85 this morning. So it’s not surprise to see more oil bulls. Energy is the #1 sector in 2021, with XLE up 53% YTD and OIH up 44%. And based on our survey results, traders are more bullish on oil than any of our other 5 assets.Make Sure Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
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