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Announcing a Major Change to Scott Redler’s Private Twitter Feed
Dear Traders, Beginning January 1, 2019, Scott Redler’s @RedlerAllAccess will only be available to paying subscribers as part of their “FULL” Redler All-Access subscription. The “FULL” Redler All-Access subscription is Scott’s flagship service offering a streamlined user experience including:Scott’s Morning Note newsletter with detailed analysis of 25-35 stocks, ETF’s, and indicesThe Morning Call and Daily The Daily Recap videos, which include extended technical analysis breakdowns of the market actionThe @RedlerAllAccess feed for Scott’s real-time updatesYou’ll have access to ALL of Scott’s daily content in this one powerful service, where subscribers are part of a unified community. How the Transition Will Take Place As of January 2, 2019 – the first trading day of 2019 – you will only be able to receive Scott’s valuable real-time market intelligence through the @RedlerAllAccess feed if you are a member of the “FULL” Redler All-Access service. Nothing will change for “FULL” Redler All-Access subscribers that are already enrolled in the FULL Redler All-Access subscription. If you are not a “FULL” Redler All-Access but would like to join and get the full benefits of Scott’s daily market commentary and technical analysis, please click here or contact customerservice@t3live.com or call 1-888-998-3548. Sincerely, T3 Live
Continue Reading -->How Apple Can Stay Special After Earnings
Apple (AAPL) had a solid earnings report across the board and gave time to buy after hours around $194-$196. It cleared that and is at $198+ this morning. I trimmed some but will stay with some. We’ll see if the momentum stays. To keep it special, it has to stay above $196.Facebook (FB) has a huge hole in its chart post-earnings. On Monday, it broke $173 to hit a low of $166.56. Yesterday, it held above the low and I got long. Today, I’ll see if it holds $170ish for one more push above $174.24. But it’s hard to add on strength.QQQ held the 50 day Monday for an oversold bounce. Now we need to see if it builds. Bigger resistance is in the $178.50 area. Watch AAPL to see if it holds and builds, or sells down — that will tell us a lot about sentiment.
Continue Reading -->Apple Earnings on Deck: These are the Levels to Watch
Apple (AAPL) reports after the close today and as you know, it’s an important one to watch. There aren’t many names breaking out and holding to the upside, so the report needs to be super special. I have $190 calls on, which I might take off since there will be a decent premium baked in. But we’ll see. To keep momentum after hours, it needs to get and stay above $195-$196. If it misses, there is some support at $180ish, and then there’s the 200 day at $175.35.Amazon (AMZN) gapped up and couldn’t hold its momentum level of $1858-$1863. Then it sold down. Yesterday it started up and then was sold under $1805 to hit a low of $1766. Today it’s up again. See if it holds or if the same pattern continues. It’s important for tech psychology so keep an eye on it.
Continue Reading -->Where AMZN and AAPL Need to Hold Now
On Friday, Amazon (AMZN) gapped up and couldn’t hold the $1858-$1863 momentum level. It sold down. Now it’s up a bit this morning. This name is important to watch moving forward. Does it hold the $1805 area? Or will there be follow-up selling to hurt high-beta tech psychology?Apple (AAPL) tried to have a pre-earnings run but it sold down on Friday. Earnings are Tuesday after the close and I have calls on. I’m not looking to add. We’ll see how it reacts into the print. A move over $196 after earnings would help tech, but that’s a lot to ask for. SPX futures are -2. It’s hard to tell if the weakness in growth names will hurt the S&P. Today, we’ll see if we hold Friday’s low at 2808. But really, as long as we hold 2795ish, we can’t get too bearish. But it’s still a very specific type of trading action. Bios and small caps lost momentum, and lots of high-beta tech stocks are in the penalty box. AAPL earnings will be important.
Continue Reading -->Netflix in Pain: Why I Don’t Take Stock Into Earnings
SPX futures are -4 as we see many F.A.N.G.-type names and other tech stocks getting hit on NFLX’ revenue and subscriber miss. The analysts had it right last week when they started talking down the sub estimates. Super high P/E stocks can’t go up 100%+ and then miss earnings. This situation is exactly why I don’t take stock into earnings. I use options since the risk is premium paid. I have no position and I’m proceeding carefully. It might be best to wait until tomorrow to see today’s candle to make a fresh plan. Let’s see if it puts in a 5-15-30-60 minute low. $343-$345 is an area to watch, and there is a big level to watch at $338ish.Since we’re talking F.A.N.G. names, yesterday I said this about AMZN: “If I was long it, I’d consider trimming because it’s a little extended here.” AMZN closed on the lows and it’s down with NFLX today. See if it holds $1795. If not, the 8 day is all the way down at $1763.Now let’s turn to the SPX. Futures are -5 as tech is under pressure from NFLX. Today, let’s see if we hold 2791. That could be difficult. If we break and say below, we have the 8 day at 2780ish, and then 2761 is a huge level. If NFLX can rally off a low, that may help things. Also, see if some flows go to banks or energy to help mute the weakness.
Continue Reading -->Scott Redler: What If the Analysts Are Wrong About Netflix?
Last week, I got stopped out in NFLX when it lost upper momentum at the $411 area. The stock is up 100% this year, and a few analysts are worried about European sub numbers causing a miss. I’m approaching this one cautiously. Today, let’s see how it handles the $395 pivot. Today, let’s see how it handles the $395 pivot. And after the earnings report hits, if the analysts are wrong and NFLX beats, $419-$423 is key resistance to clear. If the report is light, see how it handles the $380 area, or the 50 day down at $365. I’m watching potential options plays, but I’ll probably wait until around the close to do anything.HUYA is a very active name that’s been a favorite of RAA readers. Now, see if it holds $36.25 to keep momentum and stay special. BABA lost some momentum this past month on all the trade banter. It now has a lower-level wedge type pattern building. $189.30 is pivot support. To get some strength back, it has to get above $192.12. It’s a good name to watch for clues.
Continue Reading -->Scott Redler: Is SPX 2800 on Tap? Tech May Hold the Answer
Can the SPX hit the 2800 mark again? Tech may hold the clues. The QQQ still acts well. $175.80 is our new pivot support to watch. A strong move and close over $178 could mean a charge to SPX 2800.Now let’s take another look at a IQ, a name we’ve focused on in the past few months. It came down from $46.23 to $30.20 and it’s trying to rebuild. I’m long a bit overnight. If it can get and say above $32-$32.40, it should open the door for a move to the $34 area and possible more.Now let’s look at IBB. IBB had a Red Dog Reversal on 6/28 and it has acted well very since then. Last Friday, it had a big pro gap on the BIIB news. And now it has a pretty impressive high-level bull flag. A move and hold above $117 can take it back to 2018 highs.
Continue Reading -->7 Keys to Being a More Consistent and More Profitable Active Trader
Want to start earning consistent profits as a trader?Good. You’re in the right place, because we’re going to talk about some topics that get ignored all-too often in the trading world.7. Take a Loss Without Freaking OutHere’s a sign that you’re going down the wrong path as a trader: you lose a few hundred bucks, and you freak out. You slam your keyboard down, you use some foul language, and you want to quit.This is bad, bad, bad! Here’s a harsh reality that too few people in the trading industry talk about: losing is part of winning.If you can’t deal with losses, you’ll never make it.6. Hit a Home Run Without Freaking OutOn the flip side, you shouldn’t get too excited when you nail a trade that lands $6K in your bank account.Why? Because trading requires a steady hand. And you can’t let your excitement cloud your judgement.And if you’re progressing in the right way, winning will be just another day at the office! 5. Talk to Traders That Are More Experienced and More Successful Than YouEven the most elite professional athletes hire coaches in the off-season. They know the value of an expert’s point of view.Trading is no different. If you’re not getting the results you want, by definition you need help. So talk to more successful traders about your troubles. Odds are, they’ve been down the same road you have, and they can help.4. Know the Difference Between a Breakout and a FakeoutThe media wants you to believe that every tick up or down is a big deal.To succeed as a trader, you must be able to tell the difference between real moves and fake moves. And you must be able to tell that difference instantly.If you can’t look at a chart and break it down in short order, you may need additional training.3. Actually Learn a Real Trading Method99% of traders are operating at random. They use a random collection of tactics learned from books, videos, and online forums.The most successful traders are systems-oriented. They use trading methodologies where all the elements — market analysis, entries/exits, risk management. etc. — work together.This prevents you from trading on feelings and emotions.2. Put Some Real Time InYou can learn a lot about trading in a few days. But making money on a consistent basis takes time.Making money in and of itself is a skill. Only through experience can you learn what it’s like to deal with an overly volatile market, or your ego spinning out of control after a great trade.Focus on learning a process and methodology over time, and you’ll gain true control over your trading. You also need to give yourself time to succeed — there are no overnight successes in this business.1. Improve Your Batting AverageHere’s an obvious truth that too many people ignore: if you want to turn your trading account in a paycheck, you need to win more often.You need more accurate entries and exits. And you need to make more money on each trade.It’s not easy, but it is simple: win more often, lose less often, and you get more consistent returns.Do you want more consistent results?Are you ready to put some time in to take your trading to the next level?And are you ready to get mentored by expert traders that have conquered the challenges you’re facing right now?Then check out the T3 Live Ultimate Profit Solution. –> Learn about the Ultimate Profit Solution
Continue Reading -->Scott Redler: Can Netflix Stay Super Special?
Netflix (NFLX) still has best in breed status, but today we’ll really see if it can stay super special. To stay that way, it has to hold the $411 area. If not, it can hit $408 to fill the gap. I’ll be watching it closely on the open to see if it’s buyable.We’ll see if tech can help today after a move back to all-time highs. QQQ $175.80 is upper support. If this holds, the downside will be muted. If not, the $174 area will be key to watch. Tech will give us clues on the market so be mindful here.The President is pushing for tariffs on $200 billion worth of Chinese goods, just as the SPX hit big resistance at 2800. Thank goodness this came after markets were up for 4-5 sessions and overbought, giving us signals to ligten up. Now we’ll see what areas hold for possible new longs. Holding 2760ish would be very constructive to hold for the next few sessions. We can’t rule out the 2745 area — under that and the active bulls lose control. Watch the small caps and tech today to see if they help pull the market off the lows.
Continue Reading -->Scott Redler: Why I’m Not Crazy About This Open
On Friday, Apple (AAPL) reclaimed all moving averages on Friday as it cleared the $188 area. Yesterday, it hit a high of $190.68. See if it holds the gap pivot of $189.30 to keep some active upper commitment.As I said, on Thursday, tech gave clues that markets could be bought. QQQ’s cleared the lower-level pivot and filled the gap above $174 to show some power on Friday. Now see if it can hold $175.74 to work its way back towards $177.98.And let’s talk about Netflix (NFLX) since we focused on it so much last week. This was my favorite pattern. It broke above $400 and hit a high of $408.65 Friday, and today it’s up another $7. I trimmed some and will manage the rest. It’s in the game to hit all-time highs but might need to digest first.
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