Scott Redler’s Dog Bytes: Talking Tech
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. We have mixed markets around the world as the taper debate continues after Friday’s hot jobs report. Pandemic numbers are still rising to keep the push/pull in place. I believe the taper starts in December, not September. Europe is flattish while has Asia small green arrows.SPX futures are -9. Bitcoin has had a fantastic run from July 20 while gold and silver have taken it on the chin. As long as SPX holds the 4408-4429 area this week, it’s hard to get too bearish. I’m putting a tighter leash on AAPL. It felt very lethargic last week. I’m still long and will see if it can hold the $145 area. Those less active might give it to $142.55ish. I still think $150 gets cleared in the weeks ahead. A close above $147 with power would help that happen, but I’m a little more cautious.AMZN isn’t really finding many buyers after an underwhelming earnings report and no stock split. It did try to fill some of the gap, but there’s been no power. The longer it stays below $3391, the bigger the chance it breaks below the $3299 area. I’ll keep an eye on it, but I need to see something different to get involved.NVDA had a choppy move back near the highs. Some are long vs. the $192 area. Now we’ll see if it can hold $202 to make an attempt to clear $207-$208.75 for another new all-time high trade. Positions Disclosure as of 8/9/2021 at 7:43 a.m. ET
Continue Reading -->Options In Play – Reloading AMD Swing
What a move AMD has had! After closing a lot into recent strength, the question is where/when to reload?
Continue Reading -->Options In Play – Why Consolidations Are Great Ahead Of Earnings
While it’s tempting to play the stocks that are flying around into their earnings report, some of the best setups are actually the stocks not moving at all. From coiled patterns, comes explosive moves.
Continue Reading -->Options In Play – Swing Trade Clusters
Ever notice that when one good trade develops in a sector, you tend to see a few more follow along with it? Trade clusters pop up all the time, so it pays to dig into correlations.
Continue Reading -->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.
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