Bitcoin Looks Great. And THIS Looks Even Better.
Sami is STILL bullish on this sloppy market, and he still likes Bitcoin… plus he announces a coin that looks even better than Bitcoin! Sami goes over: Why we must key on the weekly charts for SPY & QQQ Why he does not have a ton of setups this week How he can be bullish even with a tricky daily chart The thing that makes IWM different from SPY & QQQ now Why he is still bullish on Bitcoin How Bitcoin’s sell setup failed (this is bullish) What makes Solana even better than Bitcoin The state of Ethereum right now The controversial ETF that Sami likes right now 4 other buy setups he sees 10 names that could sell off And MORE!
Continue Reading -->Can Tesla Hit $300?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures went from +35 to +20. We have lots of earnings and economic numbers coming this week. As long as the index holds 5762-5784, we can’t get too bearish. Pivot resistance is 5862-5878. QQQ: Friday’s strength was sold in tech, but it still acted better than most sectors. Pivot resistance is $500.28, then $503 is the July high. Each day will be different this week based on the reports, starting with GOOGL and AMD Tuesday. Now let’s dig into some individual names: TSLA was a huge winner for us last week. I had $240 calls into earnings, sold some, and created a call spread with the remainder. Then I added this as a Power Play Thursday at $250.24 as my #1 election play. And on Friday it hit $269.49. It’s at some resistance near $271 this morning so I may manage it today. But if Trump wins, this can easily be at $300-$315. GOOGL’s pattern is tight and seems like a low-risk option play into earnings Tuesday post-close. Last week, I bought $170 calls for this Friday. I might trim because it was up Friday, and up another 2% today at $166+. $169 is the next spot to watch. AMD reports tomorrow. It was $174 in early October. I am long $165 calls for Friday. On Friday it hit $158.91. We’ll see if it clears that prior to the print. SMCI: Earnings are November 4 The stock has been battered and bruised with plenty of controversy. I bought small lotto calls because sentiment is so negative. $50.61 is pivot resistance of this lower-level channel. 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: Remember That a Bad Day in the Market is Not a Bad Day in Life We all have losing days. They are part of the game. If you can’t accept down days, weeks, and even months, you had better look for something else to do. But you can’t let the bad times get you down. Life has to go on, no matter how good or bad your trading is going. There are worse things in life than losing money — especially when you think about the big picture of health, family, etc. Never forget that. This Week’s Calendar This week is JAMMED with big events, We have earnings from GOOGL, AMD, META, MSFT, AAPL, AMZN and many more. On the economic side, we have GDP, PCE, NFP, etc. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22 AM
Continue Reading -->Tesla Still Has Room To Run with David Prince
Tesla (TSLA) rallied higher after beating Q3 earnings expectations, crushing on margins, and guiding higher for the future. David Prince was laser focused on margins heading into the print. And when the EV maker reported gross margins of 19.8% vs just 15% expected – he was all in! Now even after the stock’s best day in over a decade, David says Tesla still has more room to run: David also discusses: How the Inner Circle played Viking Therapeutics (VKTX) after earnings and new data The 5 pillars of becoming a bigger trader And more! David is hosting a free webinar next week with a special opportunity to join the Inner Circle. Sign up here!
Continue Reading -->Tesla Destroys the Bears – THIS Is My Game Plan Now
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +25 after shaking the tree down to the 21-day yesterday at 5762. SPY broke $580.50 and hit a low of $574.41 to shake the tree. I was long SPY puts and short premium in anticipation of that. Today SPY is up as we see if $580.50-$581.75 serves as stiff resistance. I’m not bearish — I just think we can be stuck in a range for a while. I shorted some SPY around $580.75 pre-market. Now let’s dig into some individual names, starting with the topic of today’s newsletter: TSLA is up 14% on its impressive earnings report, pushing the bears back, big time. The stock has been stuck in a range trade since the 2021 top, but we could see $260 to $271 before the election, though of course that depends on what kind of follow-through we see. I’m coming in long 11/8 $240 calls. This is what I’m looking to do: Sell 25% of the calls to lock in immediate profit Turn 25% of the calls into a spread to reduce risk Hold 50% to potentially benefit from more upside I also played the stock through the $224 gap yesterday afternoon. AAPL: there is a lot of debate about how the quarter will turn out. There was a report yesterday about lower iPhone 16 orders. It held $227-ish. I’d avoid it until closer to the print. Actively, it’s tricky. But it’s fine as a long-term investment. NVDA held the 8-day yesterday, giving us $137 as a new point of reference moving forward. That needs to hold. I don’t think it runs away, but it’s still a focus. Pivot resistance is $142, then $143.71. IBIT held where it had to yesterday, giving us the $37 area as new support. I got bigger and I’ll trim some this morning. 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. *Scott Redler Positions Disclosure as of 2024-10-24 at 8.26.56 AM
Continue Reading -->Why I’m Bearish On Tesla Into Earnings
Does Tesla (TSLA) look like trash into earnings? JR Romero says YES: JR explains: Why the Robotaxi was a “crack in the foundation” for Tesla stock The fundamental questions that could sink the stock Why Tesla stock is at risk of falling after earnings today If it’s fair to compare Tesla to Amazon (AMZN) How Elon Musk’s “pie in the sky” promises impact the stock’s valuation The risks with Elon’s increased political activity, which make no sense based on the company’s business model The reasons he is bullish on the stock long-term, even with its short-term challenges
Continue Reading -->5 Rules for Novice Traders to Succeed from JR Romero
JR Romero says the rules of trading are simple, but the execution is not easy. In this video, he goes through the 5 things novice and intermediate traders need to do in order to succeed: JR shares: The post-market routine you need to establish Keys to creating a solid game plan How to recognize what is moving in the market How to find your edge in trading Why money and risk management rule all
Continue Reading -->Bitcoin Looks Good. Ethereum Looks BETTER.
Two weeks ago, Sami Abusaad came out roaring bullish on Bitcoin. It still looks good. But Ethereum looks even better – Sami explains why here: Also learn: Why stocks still look bullish but sloppy from here Why the day-to-day action is so unpredictable, even within a bull market The types of trades Sami can’t find right now The controversial ETF Sami wants to add to Why Sami wants to add to Disney (DIS) An online dating stock with an amazing monthly chart Why Sami sold Tesla (TSLA) into the Robotaxi event, and what he’s doing with it into earnings Why he likes to trade TSLL instead of TSLA itself The crypto miner that could rise 70% from here
Continue Reading -->Bitcoin Is Beautiful
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are -18 as rates rise a little this morning. China’s PBOC cut its 1- and 5-year loan prime rates by 25bps. Fed funds are pricing in 43bps of cuts in 2024, so it might only be one more this year. After six weeks of gains, some are a little worried as we get closer to the election. We’ll see if 5840ish holds, but for things to change actively, a hard close below 5804ish needs to happen. Now let’s dig into some individual names, starting with the topic of today’s email: Bitcoin is still a major focus in Power Plays. It woke up 10/14 as it cleared $62k-ish. I bought MARA calls, CORZ, MSTR, and WULF to participate. We’ll see if BTC can hold $66k-$67k to drive faster momentum. The weekly/monthly charts look beautiful and point to new highs at $85k+. TSLA was sold on the Robotaxi Event. Six tight days like we just saw don’t happen often. Expectations are very low for earnings this Wednesday. I bought small lotto calls for after the election. $217 is active support, then the key is $214. $224ish is gap resistance pivot. We did well with NVDA calls last week and I rolled them up. Now we see if the $136 area holds to keep momentum here. $140.89 is important resistance. The action here today will be more important than Friday. LLY has a nice upper channel since July. I did nibble some $990 11/1 calls for earnings in case it has a big beat and split. If it does a pre-earnings move, I’ll create a spread. GLD opening at new historic highs, rewarding many on all time frames. It’s $252+ to manage. I’d trim, not add today. This laggard looks okay for a tactical long. I did buy some calls. It needs to get and stay above $21ish to open the door for higher prices. 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: Set Goals for the Future It’s important to have short-term plans. And netting gains as often as you can is key to success. But think about where you want to go long-term, whether you want to be a pro or not. Once you have some goals in place, you can step back and start to put a plan for success in place. Maybe you’ll need more education, or to learn a new asset class like options. You may also need to develop more psychological resilience to deal with the day-to-day chaos. So set some goals for yourself, even ones that seem out of reach. You might surprise yourself. This Week’s Calendar We have some big earnings reports this week from SAP, GE, TSLA, and others. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22 AM
Continue Reading -->69% Gain = $10 Swing Trader’s Best Week Ever
Sami Abusaad’s $10 Swing Trader newsletter is having its best week ever, thanks to home runs in Wave Life Sciences (WVE), Ericsson (ERIC), and Lithium Americas (LAC). Sami Abusaad had a SHOCKING gain in $WVE. And $ERIC too. Here’s how it went down: pic.twitter.com/ydAb1B5UY1 — T3 Live (@t3live) October 17, 2024 WVE is now the single best performer in $10 Swing Trader history, up over 69% from Sami’s entry. On October 16 — just 2 days after Sami’s entry — WVE gapped up 74% in one day on positive study data. And what’s Sami doing now? He’s letting his profit run. Sami sees potential for WVE to hit $30 — a 242% gain from the $8.76 entry. However, risk management can’t be ignored. As he told $10 Swing Trader members, the stop strategy is now to use a “daily bar-by-bar approach.’ This means he will only exit the trade when it falls below a prior day’s low. Since WVE is a wild biotech stock, this will help Sami protect his gains. Yes, $30 is possible. But it’s not guaranteed. Now let’s talk about Ericsson (ERIC) — a slow, boring, value stock that’s been so strong that Sami added on the way up. Too many traders rush to take profits. But sometimes, Sami will actually add to a position on the way up to magnify his profits. In this case, Sami got long ERIC at $6.21 and then added at $6.38. The game plan now with ERIC is to use $8.09 as a stop. So in the worst case, he would be up 28% on ERIC. (calculated using an average of his $6.21 and $6.38 buys). Sami still sees ERIC hitting $9. Now let’s talk about Lithium Americas (LAC). As of late, stocks related to electricity (utilities, electricity infrastructure, nuclear, uranium, etc.) have been absolutely booming. In $10 Swing Trader, we positioned into LAC on October 7 with a $2.86 entry based on a Daily Transition A Breakout. Then on October 16, General Motors (GM) announced it was contributing $625 million to a joint venture with LAC. So now $10 Swing Trader is sitting on a big gain. But, the fun may not be over. Sami sees potential for LAC to hit $6 a share, which would be a 109.7% gain from his original $2.86 entry. Want to get Sami’s next batch of $10 Swing Trades this weekend? Head here.
Continue Reading -->Nvidia $140 Matters Right Here, Right Now
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +20 after the 8-day held yesterday near 5800ish. TSM has the semis higher as it overshadows the ASML disappointment. That’s the big question. There’s lots of great action as the IWM hit monthly highs, and energy grid names did very well yesterday. SPX 5871 is the recent high. Now let’s dig into some individual names: NVDA: I bought NVDA $140 calls for next Friday into the weakness. Today we’ll see if it has enough power to get and stay above the $140 area. That’s what tech wants right now, so keep that level on your radar. TSLA was sold on the Robotaxi Event. It might be worth a look if it can hold $214 and get into the gap above $224. If that gap doesn’t get filled soon, it can go lower. It’s very choppy but looks like it will resolve soon. RDDT had a nice move from $64ish to $77+ to manage. I added back as it held the 8-day and now lit ooks ready for a move to $80+ in the weeks ahead. CCJ was a nice accumulate around the 8 day near $49-$50 and it had a nice day yesterday to see $55.97. I’d think it sees $60+ in the weeks/months ahead. I’d stay with it. IBIT woke up last Friday to get me bigger. It hit $38.93 to manage. $36.82 is key gap support that needs to hold. I’m looking to reload lower. 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. *Scott Redler Positions Disclosure as of 2024-10-17 at 7.23.40 AM
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