{"id":34353,"date":"2018-09-28T12:06:06","date_gmt":"2018-09-28T17:06:06","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=34353"},"modified":"2018-09-28T12:06:06","modified_gmt":"2018-09-28T17:06:06","slug":"scott-redler-amzn-road","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/09\/28\/scott-redler-amzn-road\/","title":{"rendered":"Scott Redler: Amazon’s Second Trip to $2000+"},"content":{"rendered":"

Let's take a fresh look at the action in tech.<\/p>\n

Yesterday, the QQQ\u2019s\u00a0<\/strong>got hit early but held the 50 day with a low at $181.30. It rallied and went green to outperform yesterday, which was good to see. As long as the 50 day holds, it is hard to get too bearish here.<\/p>\n

Let's drill down to some individual names, starting with Nvidia <\/strong>(NVDA).<\/p>\n

Yesterday, there was a nice Red Dog Reversal buy signal around the $262.11 pivot. It also reclaimed the 50 day to close on the highs of the day.<\/p>\n

I\u2019d probably look to trim it into the $270 area if I was long, but it has a little more room to $273.<\/p>\n

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

We saw a similar move in Amazon <\/strong>(AMZN).<\/p>\n

It sliced the 50 day fast at $1894 before reclaiming it. I'm looking to trim some this morning and hold some because there is a chance it gets better and resolves the range higher. But it really needs a high volume close above $1957 for that.<\/p>\n

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

Now let's turn to Apple <\/strong>(AAPL).<\/p>\n

It started on the weaker side yesterday but reclaimed $217.29 pretty fast. I bought some lower yesterday.<\/p>\n

Now we'll see if we can actually add higher. It would be good for tech if it can get above $222.50 and hold above it.<\/p>\n

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

Netflix <\/strong>(NFLX) as kind of an odd-looking inverse head & shoulders pattern.<\/p>\n

It reclaimed the 8\/21 day yesterday to get me long. Now it would be healthy to clear $377 for upside.<\/p>\n

But for that to happen, it needs to get and stay above $373.64 first.<\/p>\n

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

Positions Disclosure: <\/strong>As of September 25, 2018 at 10:54 a.m. ET, Scott J. Redler is long FEYE, CGC, FB, BAC, NFLX, XLE, AMZN, IBM calls, GWPH calls<\/p>\n","protected":false},"excerpt":{"rendered":"

Let’s take a fresh look at the action in tech. Yesterday, the QQQ\u2019s\u00a0got hit early but held the 50 day with a low at $181.30. It rallied and went green to outperform yesterday, which was good to see. As long as the 50 day holds, it is hard to get too bearish here. Let’s drill down to some individual names, starting with Nvidia (NVDA). Yesterday, there was a nice Red Dog Reversal buy signal around the $262.11 pivot. It also reclaimed the 50 day to close on the highs of the day. I\u2019d probably look to trim it into the $270 area if I was long, but it has a little more room to $273. We saw a similar move in Amazon (AMZN). It sliced the 50 day fast at $1894 before reclaiming it. I’m looking to trim some this morning and hold some because there is a chance it gets better and resolves the range higher. But it really needs a high volume close above $1957 for that. Now let’s turn to Apple (AAPL). It started on the weaker side yesterday but reclaimed $217.29 pretty fast. I bought some lower yesterday. Now we’ll see if we can actually add higher. It would be good for tech if it can get above $222.50 and hold above it. Netflix (NFLX) as kind of an odd-looking inverse head & shoulders pattern. It reclaimed the 8\/21 day yesterday to get me long. Now it would be healthy to clear $377 for upside. But for that to happen, it needs to get and stay above $373.64 first. Positions Disclosure: As of September 25, 2018 at 10:54 a.m. ET, Scott J. Redler is long FEYE, CGC, FB, BAC, NFLX, XLE, AMZN, IBM calls, GWPH calls<\/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-34353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"yoast_head":"\nScott Redler: Amazon's Second Trip to $2000+ - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2018\/09\/28\/scott-redler-amzn-road\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott Redler: Amazon's Second Trip to $2000+ - T3 Live\" \/>\n<meta property=\"og:description\" content=\"Let's take a fresh look at the action in tech. Yesterday, the QQQ\u2019s\u00a0got hit early but held the 50 day with a low at $181.30. It rallied and went green to outperform yesterday, which was good to see. As long as the 50 day holds, it is hard to get too bearish here. Let's drill down to some individual names, starting with Nvidia (NVDA). Yesterday, there was a nice Red Dog Reversal buy signal around the $262.11 pivot. It also reclaimed the 50 day to close on the highs of the day. I\u2019d probably look to trim it into the $270 area if I was long, but it has a little more room to $273. We saw a similar move in Amazon (AMZN). It sliced the 50 day fast at $1894 before reclaiming it. I'm looking to trim some this morning and hold some because there is a chance it gets better and resolves the range higher. But it really needs a high volume close above $1957 for that. Now let's turn to Apple (AAPL). It started on the weaker side yesterday but reclaimed $217.29 pretty fast. I bought some lower yesterday. Now we'll see if we can actually add higher. It would be good for tech if it can get above $222.50 and hold above it. Netflix (NFLX) as kind of an odd-looking inverse head & shoulders pattern. It reclaimed the 8\/21 day yesterday to get me long. Now it would be healthy to clear $377 for upside. But for that to happen, it needs to get and stay above $373.64 first. Positions Disclosure: As of September 25, 2018 at 10:54 a.m. ET, Scott J. 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