GLD and SLV have been quiet for a few weeks but that may be about to change. Both are showing encouraging action and could be close to turning the corner for a run.
Continue Reading -->In this video, Scott Redler discusses: What signaled Apple’s downturn off the highs How he mixes day and swing trading tactics on a stock like Apple (AAPL) How he spotted a reversal in the stock What made him think Apple would pop How he manages risk in ongoing active trades As of 9/21/2020 at 5:08 p.m ET, Scott Redler held the following positions: Long: AAPL, CMLFU, DKNG, FB, IPOB, IPOC, KCAC, LCA, MBIO, SOAC, SPAQ, AAL 9/25 $14 calls, NIO 10/16 $21 calls, NIO 11/20 $30 calls, SNAP 9/24 $24.50 calls, SNAP 10/16 $27 calls, SONO 10/16 $15 calls, TSLA 10/30 $500 calls, VXX 10/16 $40 calls, VXX 11/20 $30 alls Short: SPY, NIO 10/16 $25 calls, TSLA 10/30 $600 calls, VXX 10/16 $50 calls, VXX 11/20 $34 calls
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QQQ has been bearish since it topped out, but the pattern isn’t very tight. Find out what will signal the monthly chart dropping to the 20 MA and where you can expect the market to go next. In this video, Sami explains: – How you can predict whether the market will gap up or down – Which upcoming events could sway the market direction – What data he relies on to determine where the market is going – Why he doesn’t think it’s a good idea to buy gold right now – What he likes best about small-cap stocks
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I try hard to respect stops on swing trades and there are instances where that works against me. I don’t mind revisiting a name if it sets up well for a trade again but I have important rules regarding risk.
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There are different strategies for different setups and all sorts of different contracts to choose from. When it comes to news-driven intraday trades, I focus on very short term contracts and my style shifts to speed.
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It’s a light week of scheduled news with only a couple of big names on the calendar. ADBE and FDX will be the highlights of the week.
Continue Reading -->In this video, Scott Redler discusses: How ordering a Peloton (PTON) bike got him interested in the stock Why he ordered the bike in the first place What he’s watching in Peloton stock now The technical analysis techniques he used to analyze the stock How he uses a Tier System to manage trades As of 9/14/2020 at 1:52 p.m ET, Scott Redler held the following positions: Long: BAC, CMLFU, DKNG, HCCH, IPOB, KCAC, MBIO, NIO, NKLA, SNAP, SPAQ, WMT, AAL 9/18 $14 calls, AAPL 9/18 $107.50 calls, JETS 9/18 $18.50 calls, SNAP 9/25 $24.50 calls, SNAP 10/16 $27 calls, VXX 10/16 $40 calls, VXX 11/20 $30 calls, WORK 9/18 $31 calls, ZI 9/18 $40 calls Short: SPY, AMZN 9/18 $2990 puts, QQQ 9/18 $279 calls, QQQ 9/18 $280 calls, QQQ 9/18 $281 calls, SPY 9/18 $338 calls, SPY 9/18 $339 calls, VXX 10/16 $50 calls, 11/20 $34 calls, WORK 9/18 $34 calls
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When the trend breaks, volatility rises. Once the volatility cools down, we start to get a better idea of relative strength and weakness, and we get some solid trade-able patterns.
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Last week ended with a big selloff for the market and it’s a little uncertain what this week will look like. Sami explains where he thinks the market is heading this week and what you can do to prepare. In this video, Sami explains: – What will indicate the market going back to bullish – Which stock ignited the selloff – Where he is placing targets for QQQ and SPY – When OMI could become very bullish – Why TUP is his least favorite long play
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Tech names got very extended and now we are seeing the reflex drop as the overbought stocks roll over. There are a few key levels to watch going forward.
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