T3 Market Wrap: How We Determine Quality
With earnings season picking up, we will discuss how to combine the market bias with our day-to-day trading. All of these strategies and patterns are taught in the Turnaround Trader Formula. If you struggled or missed out today, use it as a learning opportunity to figure out how the Strategic Day Trader room called the winners ahead of time.
Continue Reading -->Options In Play – Earnings On The Radar Week Of 8/06/21
The first week of August will bring another packed stretch of earnings. Expect a busy week of Tech reports and high beta movers.
Continue Reading -->The QQQ Focal Point
The market is continuing to be bullish this week, but Sami has a specific price point that he’s watching to determine if the market will pivot or not. Find out what his focal point is and what he’s expecting to happen. In this video, Sami explains: – What AMZN shows about the bullishness of the market – How to recognize a 1-2-3-4 pattern in ALKS – Which name he’s watching for a possible breakout – The all-star play that he’s returning to – Where he’s placing a target for KYMR
Continue Reading -->Scott Redler’s Dog Bytes: Where Tesla Can Go
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. SPX futures are +18 and off the morning highs. It’s hard to buy strength this morning with resistance in the 4422- 4429 area. It’s hard to tell what type of August we will have, but some names might trend vs. last week’s post-earnings lows. Typically, we get new flows at the start of a quarter or month, so we’ll see if early strength builds or fades. Late last week, the market started to feel tired. The headlines are still focused on the Delta strand, infrastructure deals, and the idea of “Peak Everything.” SPY’s all-time high pivot is $441.80 and we’ll see if that gets touched again this week. I have this on as a hedge. It doesn’t feel like the market wants to run away this week. If it’s choppy and faulty, we’ll know new flows aren’t helping. Most big tech earnings are behind us. Some names acted better than others. We’ll see if QQQ can digest up here. Today, we’ll see if the early strength holds. See if it stays above $365.19. TSLA worked great for us late last week as it finally showed some leadership. I did re-enter around $654 and it gave a way to add on Friday as it went green first to hit $697. I will trim and stay with some. A close above $700 could open the door for a move to the $724 area in the sessions ahead. AAPL can be an interesting swing long for August if it can hold the $142.55 area. I’ll stay with it. If it can get and stay above $146.30ish, perhaps it opens the door for a retest of the $150 area. TWTR has a nice setup here if the market wants a leader. I’m long vs. the $67.50 area. it will need a strong move and close above $71.20 to put it in motion to clear $73. Positions Disclosure as of 8/2/2021 at 8:07 a.m. ET
Continue Reading -->Options In Play – Being Realistic With Lotto Options
A lot of options traders have been gravitating to weekly contracts recently. There are things to remember if you are playing “lottos” around an earnings event though.
Continue Reading -->Options In Play – Targets On A 52 Week High
Question – how do you come up with targets when a stock is at a new all-time high? I have a few things I use to give me a signal when to take money.
Continue Reading -->Options In Play – UPS’s Failure To Deliver
UPS was crushed after reporting this morning, but the disappointment came before this morning’s print. The lack of a run ahead of earnings was a tell that interest was low into the quarter.
Continue Reading -->Options In Play – QQQ And The High Implied Premium
It’s the biggest week of earnings for the quarter and options are pricing in a significant move on QQQ this week. Interestingly, the pricing is so elevated, it may be setting up potential on longer-dated contracts.
Continue Reading -->Options In Play – Earnings On The Radar Week of 7/23/21
It’s the biggest week of earnings this quarter so get ready. Each day will feature big names reporting, with the Tech titans all scheduled during the week.
Continue Reading -->Waiting on a Drop
The market is looking pretty bullish this week, but it’s been up for four days. Sami has a lot of bearish names that he’s watching and will tell you what could signal a big drop soon. When to start looking for a reversal in QQQ Why he’d bet CTAS‘ recent bottom won’t get taken out anytime soon What he’s looking for in MGI His biggest regret trading PRTA
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