The Case for Bitcoin $126,000
JR Romero has been a massive Bitcoin bull since the low $60,000’s. And he still likes it: JR explains: The unique personality of Bitcoin post-election Why $91,000 is a key level here How Bitcoin $126,000 could be a reality Why the US dollar index (DXY) is key to Bitcoin’s performance Why retail is getting involved How to tell if the crypto rally is getting overheated (it has to do with the parking valet…) And as a bonus, JR shares his price target for Netflix (NFLX) at the end of the video… BTW, did you see JR’s predictions of SPX 6000 and Tesla $300? Check them out here: Why SPX Will Hit 6000+ (October 9) Why Tesla Is Going to $300 (July 11)
Continue Reading -->How to Break This Market (Hint: It Won’t Be Easy)
Sami Abusaad | Strategic Swing TraderOn Friday, the market put in a trend day – the most bullish type of day you can get. However, Sami does not change his strategies based on a single bar alone. See what Sami needs to see before he buys into a real trend change. Then, see this week’s swing trading watchlist, which includes names like WATT, APHA, BITA, and KDP.
Continue Reading -->Bitcoin + Tesla Go BOOM!
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX futures are +17 to start the week after a huge post-election trade. Europe is broadly higher. China is still choppy with no continuity. SPX hit a high of 6012 thanks to Trump enthusiasm and string seasonality. Bitcoin, TSLA, IWM, XBI, and AMZN have been key names for us lately. Now let’s dig into some of our recent Power Plays names: Bitcoin became my #1 theme on October 11th. It was $62ish and it hit $82k+. I’d always take some profits, but I’d think the Turkey Trot continues toward $85k by Thanksgiving. We participated in Power Plays via IBIT, WULF, and MSTR. I already trimmed my IBIT and WULF longs today. AMZN broke a massive barrier by getting through $200 once and for all. It hit a high of $212+ last week and I sold most of my $202.50 and $207.50 calls. I’d think this holds $207ish and sees the $220+ area in the weeks ahead. TSLA smashed through my $300-$315 forecast way faster than I thought. It went to $328+ Friday and is at $342+ this morning. I’ll trim and trail. Do not get cute and fight this move. XBI joined Power Plays on Wednesday because I expected it to break through long-standing resistance around $103. It’s finally waking up and I exepct higher prices into year-end. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Trading Tip for This Week: Have a Plan I follow a strict set of risk management principles so I keep moving in the right direction. I respect key moving averages, pay close attention to the big trends, and keep losing trades in check. And, most importantly, I enter every day with a plan. When the market opens, I have a list of stocks I’m ready to buy or sell at specific levels depending on what I see. This way, I’m ready to react instead of hoping to stumble onto opportunities. Making a plan is not only important for my trading, but I consider it to be a major part of my job description. This Week’s Calendar All eyes are on CPI, PPI, and Retail Sales this week. And we have some key names reporting earnings like HD, SPOT, CSCO, DIS, AMAT, and BABA. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-11 at 8.41.46 AM
Continue Reading -->Why Now Is The Time For XBI and IWM with David Prince
David Prince remains bullish both small caps and biotech into the end of the year. He explains why the Trump election win makes higher interest rates less of a headwind for both IWM and XBI in this video: David also discusses: Why this time of year tends to be the best for IWM and XBI Why $103 is such a wall for XBI Whether the weight loss drug story may be running out of steam If the post-election rally will continue The state of the housing market amid higher rates And more! Want to work with David? Apply to join the Inner Circle here!
Continue Reading -->How JR Became Mr. October (and November)
JR Romero is our Reggie Jackson — our very own Mr. October. And with how things are going, he’ll be Mr. November too! On September 25, JR issued a $200 price target on Nvidia (NVDA). And since then it’s run from $123 to $146+ this morning. Then on October 9, he said the SPX will hit 6000+. You can watch that hot take here: So we wanted to update you on JR’s takes from this now-legendary video. First, the SPX went from 5792 up to 5952. What else happened in that video? JR said Palo Alto Networks (PANW) was going back to $380. It hit $386.20. He also issued an insane $250-$254 price target on controversial Bitcoin name Microstrategy (MSTR). Mind you, MSTR was at $188.91 when JR issued that target. And it hit $267.89 on October 29. And of course JR has been bullish on Bitcoin since early October – a full home run! But what about Carnival (CCL)? JR predicted a $7-8 measured move. It’s gone from $18.87 to $24.34 already. He also said Robinhood (HOOD) looks fantastic. It’s gone from $25.65 to $30.06 as one of the biggest post-election winners. Nutanix (NTNX) was also in focus. JR said it would fill the gap to the $71 handle. And it went from $63.17 to $69.95. And his other picks Starbucks (SBUX), Chewy (CHWY, Air Products (APD), and Snowflake (SNOW) are up modestly. So JR 7 big wins, and 4 little wins. 11 for 11. Not bad, huh?
Continue Reading -->Tesla and Amazon Still Poised to Win
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +16, giving some upside follow-through to yesterday’s huge move. The Election is behind us and Fed Day is today. If anything can derail the rally, it will be inflation coming back and higher rates, so we’ll listen closely to Powell’s press conference. I took down some risk and booked a lot of gains into yesterday’s move to SPX 5936. In Power Plays, we have been focused on TSLA, AMZN, plus Bitcoin plays IBIT and WULF. Needless to say it’s been a nice week. Now let’s dig into strategy: TSLA was amazing for us. I was long the $260 and $270 calls into yesterday. Now, I am long the stock and calls for a move to the $300-$315 area. The stock needs to hold $273 now. Elon made a big bet by affiliating with Trump, but it certainly paid off. Remember, we always let the technicals guide us, which is why I was long into Election Day. I wasn’t just speculating on the outcome. AMZN was a big winner this week. I bought $202.50, $207.50 call and also went long the stock as it finally cleared the $200 wall to reach $207.55. I’m looking to buy dips for a possible move to $220 by year-end. XBI’s weekly chart looks great. I do have calls calls on. I’ll trim and hold some. This can hit the $110 area this quarter. I’d like to see it break through $103 with authority. Bitcoin became my #1 theme on October 11th. It was $62Kish. Tuesday, it hit $75kK. I’d always take some profits, but I’d think this starts a move to the $85K area by Thankgiving. PLTR changed some investors’ lives by hitting $55+. It’s a little extended now. Digestion above $51 makes sense. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-07 at 8.08.17 AM
Continue Reading -->Will the Trump Rally Last?
Stock and crypto currency markets are shooting higher after Donald Trump’s election victory. But can the good times last? JR Romero, Derrick Oldensmith, and Sami Abusaad answer: The team discusses: Whether they are still bullish on the market here The bull case for Bitcoin right now Why Super Micro (SMCI) is falling apart If Tesla (TSLA) is worth chasing because of Elon Musk buddying up with President Trump Whether small caps can finally have a day in the sun Why we don’t need to trade stocks 24 hours a day Their favorite ideas right here and now And MORE! *Derrick Oldensmith’s Positions as of 2024-11-07 at 2:03 pm ET: Long BABA, BYON, CVX, EVGN, JD, PATH, QRTEA, TELO, TRSG, TSE, TZA, U; is short NVDA, PLTR, TQQQ, UPRO
Continue Reading -->Scott Redler Analyzes Election Outcomes on Fox Business
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. On November 5, Scott Redler appeared on Fox Business with Liz Claman to analyze possible election outcomes. Watch the latest video at foxbusiness.com Scott shares why: Why Amazon (AMZN) can hit $220 or more in the next 6 months Why traders were wrong to panic during past periods of major uncertainty The importance of being ready for anything. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Note that in the disclosures below, it shows Scott is short TSLA stock. This is only to lock in gains on his options. On a net-net basis, Scott is heavily long TSLA through his calls. *Scott Redler Positions Disclosure as of 2024-11-06 at 8.51.29 AM
Continue Reading -->Is SPY Going to $540?
Sami Abusaad explains the importance of Thursday’s ugly wide-range bar: Sami goes over: Why the market may be about to break down Why it’s so hard to analyze the market right now What could send SPY down to $540 The messy status of IWM, which could face a breakout failure How to know if Thursday was a mere shakeout How the market can stay bullish The importance of the weekly chart right now What makes the best type of monthly chart Why he likes the widely-hated Starbucks (SBUX) Why Core Scientific (CORZ) is still in focus for Sami The state of the Bitcoin breakout after the huge topping tail And MORE!
Continue Reading -->The Curious Case of Amazon vs. Jeff Bezos
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. We have mixed markets around the world as we prepare for election week. A few weeks back, everyone loved the Trump trade. Then the past week or so, TSLA, DJT, and Bitcoin corrected. Now some think that Harris has the edge because alt energy is higher. Know your risk and time frame because anything can happen this week. SPX‘ low last week is 5703. Under that is the 5650-5670 area which was a key spot below. And above, the 100-day is 5570. 5775 is above with a gap that fills to 5811. Now let’s dig into some individual names: RDDT gave Power Plays one of our biggest wins of the year from $67.81 on October 3 up to $114 on Friday. We’ll see if it holds the $104 pro earnings gap. AMZN gapped up and the $200 offer was thick. It turns out Bezos was a limit seller again. He sold 16 million shares. He suffocated the name the same way back in July. We’ll see how it acts this time. The gap pivot is $197ish. We’ll see if that gets reclaimed today. $192ish needs to hold. Otherwise, this gets sloppier and less attractive. CCJ hit a high of $58.72 and now looks more like a false breakout. See if it can hold the 50-day near $49ish now, which might provide a re-entry opportunity. Nuclear names OKLO, SMR, and NNE hit highs last week and need time. Strong names with momentum usually hold the 8/21-day. When that changes, you adjust. GLD hit historic highs at $257.71. Congrats to all that accumulate monthly or trade actively. It pulled in a bit. We’ll see if it holds the 21-day which has been support since the most recent active sequence that started when it cleared $222. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week: Live a Balanced, Healthy Life If you’re happy and healthy, you’ll think more clearly when trading. So tackle your personal problems as best you can. A good home life means a sound mind. And when you can, put your body to work and let your mind get away from the markets. You don’t have to run a marathon. Play basketball. Lift weights. Or just take a walk. There’s a time to work hard, and there’s a time to settle down. You need both in your life. This Week’s Calendar The US Presidential election is obviously on everyone’s mind this week. But we also have the FOMC on Thursday plus earnings from key tech names like QCOM, ARM, and ANET. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-04 at 9.44.01 AM
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