{"id":33243,"date":"2018-08-27T11:13:46","date_gmt":"2018-08-27T16:13:46","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=33243"},"modified":"2018-08-27T11:13:46","modified_gmt":"2018-08-27T16:13:46","slug":"scott-redler-good-week","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/08\/27\/scott-redler-good-week\/","title":{"rendered":"When Red Dog Reversals Signal an Igniting Market"},"content":{"rendered":"

Last week I was at the beach, trying to manage my long trades while catching some waves with the family.<\/p>\n

Things were great on both fronts — I had a great time on my trip, and the market gave us a lot of good trades. The action showed how you didn't need to be watching the market 24\/7 to catch the big waves.<\/p>\n

At the very least, two big Red Dog Reversals on Monday should have had you looking for long opportunities.<\/p>\n

Let's start with the first:<\/p>\n

On Friday 8\/17 Nvidia<\/strong> (NVDA) gapped down big after hit after earnings…. and then Monday 8\/20, it roared back to life with a Red Dog Reversal around the $248.73 pivot.<\/p>\n

It reclaimed all moving averages, filled the earnings, gap, and it's sitting at record highs this morning.<\/p>\n

\"\"<\/span><\/p>\n

Netflix<\/strong> (NFLX) also started last week with a big Red Dog Reversal signal.<\/p>\n

It's gapping up over $374 this morning as it climbs further out of the earnings penalty box to reclaim the 8 day.<\/p>\n

\"\"<\/span><\/p>\n

AAPL <\/strong>has been good to us with a big move from $197 to $219.18 in a month.<\/p>\n

Last week, it consolidated while the SPX made new highs. I re-entered vs. the $214.50 area. I would like to see it get and say above $217.20 for a move back to the highs and perhaps $220+.<\/p>\n

\"\"<\/span><\/p>\n

TWTR <\/strong>has not been a barnburner, but it hit a high of $34.74. We'll see if it can hold $33.50 this week to keep working towards the $37 gap area. But I'm not trying to add on strength – I'm looking to possible trim some and buy some back on a dip.<\/p>\n

\"\"<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week I was at the beach, trying to manage my long trades while catching some waves with the family. Things were great on both fronts — I had a great time on my trip, and the market gave us a lot of good trades. The action showed how you didn’t need to be watching the market 24\/7 to catch the big waves. At the very least, two big Red Dog Reversals on Monday should have had you looking for long opportunities. Let’s start with the first: On Friday 8\/17 Nvidia (NVDA) gapped down big after hit after earnings…. and then Monday 8\/20, it roared back to life with a Red Dog Reversal around the $248.73 pivot. It reclaimed all moving averages, filled the earnings, gap, and it’s sitting at record highs this morning. Netflix (NFLX) also started last week with a big Red Dog Reversal signal. It’s gapping up over $374 this morning as it climbs further out of the earnings penalty box to reclaim the 8 day. AAPL has been good to us with a big move from $197 to $219.18 in a month. Last week, it consolidated while the SPX made new highs. I re-entered vs. the $214.50 area. I would like to see it get and say above $217.20 for a move back to the highs and perhaps $220+. TWTR has not been a barnburner, but it hit a high of $34.74. We’ll see if it can hold $33.50 this week to keep working towards the $37 gap area. But I’m not trying to add on strength – I’m looking to possible trim some and buy some back on a dip.<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-33243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/33243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=33243"}],"version-history":[{"count":11,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/33243\/revisions"}],"predecessor-version":[{"id":33269,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/33243\/revisions\/33269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/21349"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=33243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=33243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=33243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}