As a bonus for T3 Live subscribers, we are publishing Scott Redler's Morning Note newsletter and Morning Note Video so you can see his attack plan for today.<\/p>\n
After you read the note, check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\nClick here for more info<\/a><\/strong><\/span><\/p>\n******<\/p>\nHoliday Surprise – November 26, 2018<\/strong><\/p>\nToday's Morning Call Video:<\/strong><\/p>\n<\/iframe><\/p>\n<p>We have mostly green arrows around the world as we enter the last real important week of 2018.<\/p>\n<p>Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The <strong>DAX<\/strong> is +1.1% with the <strong>CAC<\/strong> +1.2% and <strong>FTSE<\/strong> +1.0%.<\/p>\n<p>Asia has green arrows. The <strong>Hang Seng<\/strong> is up 1.7%, reclaiming the 50 day. <strong>SPX<\/strong> futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving.<\/p>\n<p>But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens.<\/p>\n<p>Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish.<\/p>\n<p><strong>SPY<\/strong> put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40.<\/p>\n<p>Tech was a headwind for the past few weeks but showed a few glimmers last week. The <strong>QQQ\u2019s<\/strong> put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if <strong>AAPL<\/strong> gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority.<\/p>\n<p>Small caps got very close to major support and broke the October lows. <strong>IWM\u2019s<\/strong> low from Friday was $146.81. Resistance is in the $150.50-$151.<\/p>\n<p>Banks aren\u2019t special either.<\/p>\n<p><strong>GS<\/strong> made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87.<\/p>\n<p><strong>JPM<\/strong> is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much.<\/p>\n<p><strong>USO<\/strong> broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken.<\/p>\n<p><strong>XLE<\/strong> broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32.<\/p>\n<p>The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient.<\/p>\n<p><strong>AAPL<\/strong> was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier.<\/p>\n<p><strong>AMZN<\/strong> held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600?<\/p>\n<p><strong>NFLX<\/strong> isn\u2019t special. Barron's says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance.<\/p>\n<p><strong>NVDA<\/strong> gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163.<\/p>\n<p><strong>FB<\/strong> has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance.<\/p>\n<p><strong>TWTR<\/strong> tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction.<\/p>\n<p><strong>GOOGL<\/strong>: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165.<\/p>\n<p><strong>SQ<\/strong> was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66.<\/p>\n<p><strong>TSLA<\/strong> tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance is 337.50.<\/p>\n<p><strong>BABA<\/strong> has been showing a little relative strength and was actually green Friday. Next resistance is the $157 area.<\/p>\n<p><strong>NIO<\/strong> is a small speculative name I listed down around $6.95. It hit a high of $8.21 and pulled in a bit. I\u2019m in some since I think it can be a big 2019 story. It needs big volume to get above $8.35 in the weeks ahead. I want it to hold $7.15. Otherwise, I\u2019ll think about changing plans.<\/p>\n<p>Cannabis names lost momentum and are trying to rebuild. Some think a farm bill is coming, so look out for it.<\/p>\n<p><strong>CGC<\/strong> held the $32 area and there\u2019s some optimism that the farm bill is coming. It\u2019s up a little this morning. See how it handles the $35 area. Above that is $37.<\/p>\n<p><strong>TLRY<\/strong> is high valuation and hard to trust. But it cleared $111.70 to hit a high of $117.70. Next resistance is $126.<\/p>\n<p><strong>PYX<\/strong> got battered and bruised but has a lower-level pivot area that\u2019s worth watching. Some traders are playing it for a trade into January. If the group lifts, it can see $18-$20.<\/p>\n<p><strong>NBEV<\/strong> is a little spec name that gave a lot of action earlier in the year. In a better market, maybe it improves. Pivot resistance to clear is $4.25.<\/p>\n<p><strong>CRBP<\/strong>: some trader are looking at this as a 2019 story. It needs a better market.<\/p>\n<p><strong>Today\u2019s Trading Focus<\/strong><\/p>\n<p>I\u2019ll take it slow because this open is tricky. There were really no signals to come in long today. Last week was down week when historically, it had an upside bias. So I\u2019m flat. I listed many pivot resistance. We need to get above them to see bigger resistance. It could be hard to fade the open, but buying strength isn\u2019t easy either.<\/p>\n<p>I will see how <strong>AAPL<\/strong> gets treated at the $175.50-$176 area. If it goes red, it could dampen sentiment.<\/p>\n<p>I want to see if which names can get above Friday\u2019s highs, and if they get rejected.<\/p>\n<p>I\u2019ll see how <strong>NVDA<\/strong> $149.60, <strong>FB<\/strong> $134.50, and <strong>AMZN<\/strong> $1550ish gets treated.<\/p>\n<p><strong>Positions Disclosure:<\/strong> As of 11\/26\/2018 9:53 a.m. ET, Scott J. Redler was long NIO, NVDA, AMZN<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Today's Trading Calendar<\/strong><\/span><\/p>\n<p><strong>Economics<\/strong><\/p>\n<p>4:00 EUR German IFO Business Climate (NOV) exp 102.3prior 102.9<br \/>\n4:00 EUR German IFO Expectations (NOV) exp 99.3prior 99.7<br \/>\n4:00 EUR German IFO Current Assessment (NOV) exp 105.3prior 106.1<br \/>\n4:30 GBP BBA Loans for House Purchase (OCT)prior 38712<br \/>\n9:00 EUR ECB\u2019s Draghi Speak in European Parliament in Brussels<br \/>\n13:30 GBP BOE Governor Carney, former Fed Chairman Greenspan Speak<br \/>\n16:45 NZD Trade Balance (OCT)prior -1560m<br \/>\n16:45 NZD Trade Balance 12 Mth YTD (OCT)prior -5188m<\/p>\n<p><strong>Earnings<\/strong><\/p>\n<p>Pre-Market: N\/A<\/p>\n<p>After Hours: BKE, CAAP, ENTA, STNE<\/p>\n<p>P.S.\u00a0<span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Click here for more info<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ\u2019s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM\u2019s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren\u2019t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn\u2019t special. Barron’s says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176","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=36176"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Click here for more info<\/a><\/strong><\/span><\/p>\n******<\/p>\nHoliday Surprise – November 26, 2018<\/strong><\/p>\nToday's Morning Call Video:<\/strong><\/p>\n<\/iframe><\/p>\n<p>We have mostly green arrows around the world as we enter the last real important week of 2018.<\/p>\n<p>Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The <strong>DAX<\/strong> is +1.1% with the <strong>CAC<\/strong> +1.2% and <strong>FTSE<\/strong> +1.0%.<\/p>\n<p>Asia has green arrows. The <strong>Hang Seng<\/strong> is up 1.7%, reclaiming the 50 day. <strong>SPX<\/strong> futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving.<\/p>\n<p>But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens.<\/p>\n<p>Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish.<\/p>\n<p><strong>SPY<\/strong> put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40.<\/p>\n<p>Tech was a headwind for the past few weeks but showed a few glimmers last week. The <strong>QQQ\u2019s<\/strong> put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if <strong>AAPL<\/strong> gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority.<\/p>\n<p>Small caps got very close to major support and broke the October lows. <strong>IWM\u2019s<\/strong> low from Friday was $146.81. Resistance is in the $150.50-$151.<\/p>\n<p>Banks aren\u2019t special either.<\/p>\n<p><strong>GS<\/strong> made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87.<\/p>\n<p><strong>JPM<\/strong> is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much.<\/p>\n<p><strong>USO<\/strong> broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken.<\/p>\n<p><strong>XLE<\/strong> broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32.<\/p>\n<p>The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient.<\/p>\n<p><strong>AAPL<\/strong> was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier.<\/p>\n<p><strong>AMZN<\/strong> held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600?<\/p>\n<p><strong>NFLX<\/strong> isn\u2019t special. Barron's says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance.<\/p>\n<p><strong>NVDA<\/strong> gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163.<\/p>\n<p><strong>FB<\/strong> has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance.<\/p>\n<p><strong>TWTR<\/strong> tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction.<\/p>\n<p><strong>GOOGL<\/strong>: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165.<\/p>\n<p><strong>SQ<\/strong> was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66.<\/p>\n<p><strong>TSLA<\/strong> tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance is 337.50.<\/p>\n<p><strong>BABA<\/strong> has been showing a little relative strength and was actually green Friday. Next resistance is the $157 area.<\/p>\n<p><strong>NIO<\/strong> is a small speculative name I listed down around $6.95. It hit a high of $8.21 and pulled in a bit. I\u2019m in some since I think it can be a big 2019 story. It needs big volume to get above $8.35 in the weeks ahead. I want it to hold $7.15. Otherwise, I\u2019ll think about changing plans.<\/p>\n<p>Cannabis names lost momentum and are trying to rebuild. Some think a farm bill is coming, so look out for it.<\/p>\n<p><strong>CGC<\/strong> held the $32 area and there\u2019s some optimism that the farm bill is coming. It\u2019s up a little this morning. See how it handles the $35 area. Above that is $37.<\/p>\n<p><strong>TLRY<\/strong> is high valuation and hard to trust. But it cleared $111.70 to hit a high of $117.70. Next resistance is $126.<\/p>\n<p><strong>PYX<\/strong> got battered and bruised but has a lower-level pivot area that\u2019s worth watching. Some traders are playing it for a trade into January. If the group lifts, it can see $18-$20.<\/p>\n<p><strong>NBEV<\/strong> is a little spec name that gave a lot of action earlier in the year. In a better market, maybe it improves. Pivot resistance to clear is $4.25.<\/p>\n<p><strong>CRBP<\/strong>: some trader are looking at this as a 2019 story. It needs a better market.<\/p>\n<p><strong>Today\u2019s Trading Focus<\/strong><\/p>\n<p>I\u2019ll take it slow because this open is tricky. There were really no signals to come in long today. Last week was down week when historically, it had an upside bias. So I\u2019m flat. I listed many pivot resistance. We need to get above them to see bigger resistance. It could be hard to fade the open, but buying strength isn\u2019t easy either.<\/p>\n<p>I will see how <strong>AAPL<\/strong> gets treated at the $175.50-$176 area. If it goes red, it could dampen sentiment.<\/p>\n<p>I want to see if which names can get above Friday\u2019s highs, and if they get rejected.<\/p>\n<p>I\u2019ll see how <strong>NVDA<\/strong> $149.60, <strong>FB<\/strong> $134.50, and <strong>AMZN<\/strong> $1550ish gets treated.<\/p>\n<p><strong>Positions Disclosure:<\/strong> As of 11\/26\/2018 9:53 a.m. ET, Scott J. Redler was long NIO, NVDA, AMZN<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Today's Trading Calendar<\/strong><\/span><\/p>\n<p><strong>Economics<\/strong><\/p>\n<p>4:00 EUR German IFO Business Climate (NOV) exp 102.3prior 102.9<br \/>\n4:00 EUR German IFO Expectations (NOV) exp 99.3prior 99.7<br \/>\n4:00 EUR German IFO Current Assessment (NOV) exp 105.3prior 106.1<br \/>\n4:30 GBP BBA Loans for House Purchase (OCT)prior 38712<br \/>\n9:00 EUR ECB\u2019s Draghi Speak in European Parliament in Brussels<br \/>\n13:30 GBP BOE Governor Carney, former Fed Chairman Greenspan Speak<br \/>\n16:45 NZD Trade Balance (OCT)prior -1560m<br \/>\n16:45 NZD Trade Balance 12 Mth YTD (OCT)prior -5188m<\/p>\n<p><strong>Earnings<\/strong><\/p>\n<p>Pre-Market: N\/A<\/p>\n<p>After Hours: BKE, CAAP, ENTA, STNE<\/p>\n<p>P.S.\u00a0<span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Click here for more info<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ\u2019s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM\u2019s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren\u2019t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn\u2019t special. Barron’s says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176","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=36176"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
******<\/p>\n
Holiday Surprise – November 26, 2018<\/strong><\/p>\nToday's Morning Call Video:<\/strong><\/p>\n<\/iframe><\/p>\n<p>We have mostly green arrows around the world as we enter the last real important week of 2018.<\/p>\n<p>Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The <strong>DAX<\/strong> is +1.1% with the <strong>CAC<\/strong> +1.2% and <strong>FTSE<\/strong> +1.0%.<\/p>\n<p>Asia has green arrows. The <strong>Hang Seng<\/strong> is up 1.7%, reclaiming the 50 day. <strong>SPX<\/strong> futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving.<\/p>\n<p>But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens.<\/p>\n<p>Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish.<\/p>\n<p><strong>SPY<\/strong> put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40.<\/p>\n<p>Tech was a headwind for the past few weeks but showed a few glimmers last week. The <strong>QQQ\u2019s<\/strong> put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if <strong>AAPL<\/strong> gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority.<\/p>\n<p>Small caps got very close to major support and broke the October lows. <strong>IWM\u2019s<\/strong> low from Friday was $146.81. Resistance is in the $150.50-$151.<\/p>\n<p>Banks aren\u2019t special either.<\/p>\n<p><strong>GS<\/strong> made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87.<\/p>\n<p><strong>JPM<\/strong> is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much.<\/p>\n<p><strong>USO<\/strong> broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken.<\/p>\n<p><strong>XLE<\/strong> broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32.<\/p>\n<p>The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient.<\/p>\n<p><strong>AAPL<\/strong> was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier.<\/p>\n<p><strong>AMZN<\/strong> held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600?<\/p>\n<p><strong>NFLX<\/strong> isn\u2019t special. Barron's says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance.<\/p>\n<p><strong>NVDA<\/strong> gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163.<\/p>\n<p><strong>FB<\/strong> has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance.<\/p>\n<p><strong>TWTR<\/strong> tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction.<\/p>\n<p><strong>GOOGL<\/strong>: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165.<\/p>\n<p><strong>SQ<\/strong> was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66.<\/p>\n<p><strong>TSLA<\/strong> tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance is 337.50.<\/p>\n<p><strong>BABA<\/strong> has been showing a little relative strength and was actually green Friday. Next resistance is the $157 area.<\/p>\n<p><strong>NIO<\/strong> is a small speculative name I listed down around $6.95. It hit a high of $8.21 and pulled in a bit. I\u2019m in some since I think it can be a big 2019 story. It needs big volume to get above $8.35 in the weeks ahead. I want it to hold $7.15. Otherwise, I\u2019ll think about changing plans.<\/p>\n<p>Cannabis names lost momentum and are trying to rebuild. Some think a farm bill is coming, so look out for it.<\/p>\n<p><strong>CGC<\/strong> held the $32 area and there\u2019s some optimism that the farm bill is coming. It\u2019s up a little this morning. See how it handles the $35 area. Above that is $37.<\/p>\n<p><strong>TLRY<\/strong> is high valuation and hard to trust. But it cleared $111.70 to hit a high of $117.70. Next resistance is $126.<\/p>\n<p><strong>PYX<\/strong> got battered and bruised but has a lower-level pivot area that\u2019s worth watching. Some traders are playing it for a trade into January. If the group lifts, it can see $18-$20.<\/p>\n<p><strong>NBEV<\/strong> is a little spec name that gave a lot of action earlier in the year. In a better market, maybe it improves. Pivot resistance to clear is $4.25.<\/p>\n<p><strong>CRBP<\/strong>: some trader are looking at this as a 2019 story. It needs a better market.<\/p>\n<p><strong>Today\u2019s Trading Focus<\/strong><\/p>\n<p>I\u2019ll take it slow because this open is tricky. There were really no signals to come in long today. Last week was down week when historically, it had an upside bias. So I\u2019m flat. I listed many pivot resistance. We need to get above them to see bigger resistance. It could be hard to fade the open, but buying strength isn\u2019t easy either.<\/p>\n<p>I will see how <strong>AAPL<\/strong> gets treated at the $175.50-$176 area. If it goes red, it could dampen sentiment.<\/p>\n<p>I want to see if which names can get above Friday\u2019s highs, and if they get rejected.<\/p>\n<p>I\u2019ll see how <strong>NVDA<\/strong> $149.60, <strong>FB<\/strong> $134.50, and <strong>AMZN<\/strong> $1550ish gets treated.<\/p>\n<p><strong>Positions Disclosure:<\/strong> As of 11\/26\/2018 9:53 a.m. ET, Scott J. Redler was long NIO, NVDA, AMZN<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Today's Trading Calendar<\/strong><\/span><\/p>\n<p><strong>Economics<\/strong><\/p>\n<p>4:00 EUR German IFO Business Climate (NOV) exp 102.3prior 102.9<br \/>\n4:00 EUR German IFO Expectations (NOV) exp 99.3prior 99.7<br \/>\n4:00 EUR German IFO Current Assessment (NOV) exp 105.3prior 106.1<br \/>\n4:30 GBP BBA Loans for House Purchase (OCT)prior 38712<br \/>\n9:00 EUR ECB\u2019s Draghi Speak in European Parliament in Brussels<br \/>\n13:30 GBP BOE Governor Carney, former Fed Chairman Greenspan Speak<br \/>\n16:45 NZD Trade Balance (OCT)prior -1560m<br \/>\n16:45 NZD Trade Balance 12 Mth YTD (OCT)prior -5188m<\/p>\n<p><strong>Earnings<\/strong><\/p>\n<p>Pre-Market: N\/A<\/p>\n<p>After Hours: BKE, CAAP, ENTA, STNE<\/p>\n<p>P.S.\u00a0<span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Click here for more info<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ\u2019s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM\u2019s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren\u2019t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn\u2019t special. Barron’s says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176","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=36176"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Today's Morning Call Video:<\/strong><\/p>\n<\/iframe><\/p>\n<p>We have mostly green arrows around the world as we enter the last real important week of 2018.<\/p>\n<p>Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The <strong>DAX<\/strong> is +1.1% with the <strong>CAC<\/strong> +1.2% and <strong>FTSE<\/strong> +1.0%.<\/p>\n<p>Asia has green arrows. The <strong>Hang Seng<\/strong> is up 1.7%, reclaiming the 50 day. <strong>SPX<\/strong> futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving.<\/p>\n<p>But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens.<\/p>\n<p>Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish.<\/p>\n<p><strong>SPY<\/strong> put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40.<\/p>\n<p>Tech was a headwind for the past few weeks but showed a few glimmers last week. The <strong>QQQ\u2019s<\/strong> put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if <strong>AAPL<\/strong> gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority.<\/p>\n<p>Small caps got very close to major support and broke the October lows. <strong>IWM\u2019s<\/strong> low from Friday was $146.81. Resistance is in the $150.50-$151.<\/p>\n<p>Banks aren\u2019t special either.<\/p>\n<p><strong>GS<\/strong> made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87.<\/p>\n<p><strong>JPM<\/strong> is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much.<\/p>\n<p><strong>USO<\/strong> broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken.<\/p>\n<p><strong>XLE<\/strong> broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32.<\/p>\n<p>The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient.<\/p>\n<p><strong>AAPL<\/strong> was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier.<\/p>\n<p><strong>AMZN<\/strong> held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600?<\/p>\n<p><strong>NFLX<\/strong> isn\u2019t special. Barron's says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance.<\/p>\n<p><strong>NVDA<\/strong> gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163.<\/p>\n<p><strong>FB<\/strong> has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance.<\/p>\n<p><strong>TWTR<\/strong> tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction.<\/p>\n<p><strong>GOOGL<\/strong>: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165.<\/p>\n<p><strong>SQ<\/strong> was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66.<\/p>\n<p><strong>TSLA<\/strong> tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance is 337.50.<\/p>\n<p><strong>BABA<\/strong> has been showing a little relative strength and was actually green Friday. Next resistance is the $157 area.<\/p>\n<p><strong>NIO<\/strong> is a small speculative name I listed down around $6.95. It hit a high of $8.21 and pulled in a bit. I\u2019m in some since I think it can be a big 2019 story. It needs big volume to get above $8.35 in the weeks ahead. I want it to hold $7.15. Otherwise, I\u2019ll think about changing plans.<\/p>\n<p>Cannabis names lost momentum and are trying to rebuild. Some think a farm bill is coming, so look out for it.<\/p>\n<p><strong>CGC<\/strong> held the $32 area and there\u2019s some optimism that the farm bill is coming. It\u2019s up a little this morning. See how it handles the $35 area. Above that is $37.<\/p>\n<p><strong>TLRY<\/strong> is high valuation and hard to trust. But it cleared $111.70 to hit a high of $117.70. Next resistance is $126.<\/p>\n<p><strong>PYX<\/strong> got battered and bruised but has a lower-level pivot area that\u2019s worth watching. Some traders are playing it for a trade into January. If the group lifts, it can see $18-$20.<\/p>\n<p><strong>NBEV<\/strong> is a little spec name that gave a lot of action earlier in the year. In a better market, maybe it improves. Pivot resistance to clear is $4.25.<\/p>\n<p><strong>CRBP<\/strong>: some trader are looking at this as a 2019 story. It needs a better market.<\/p>\n<p><strong>Today\u2019s Trading Focus<\/strong><\/p>\n<p>I\u2019ll take it slow because this open is tricky. There were really no signals to come in long today. Last week was down week when historically, it had an upside bias. So I\u2019m flat. I listed many pivot resistance. We need to get above them to see bigger resistance. It could be hard to fade the open, but buying strength isn\u2019t easy either.<\/p>\n<p>I will see how <strong>AAPL<\/strong> gets treated at the $175.50-$176 area. If it goes red, it could dampen sentiment.<\/p>\n<p>I want to see if which names can get above Friday\u2019s highs, and if they get rejected.<\/p>\n<p>I\u2019ll see how <strong>NVDA<\/strong> $149.60, <strong>FB<\/strong> $134.50, and <strong>AMZN<\/strong> $1550ish gets treated.<\/p>\n<p><strong>Positions Disclosure:<\/strong> As of 11\/26\/2018 9:53 a.m. ET, Scott J. Redler was long NIO, NVDA, AMZN<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Today's Trading Calendar<\/strong><\/span><\/p>\n<p><strong>Economics<\/strong><\/p>\n<p>4:00 EUR German IFO Business Climate (NOV) exp 102.3prior 102.9<br \/>\n4:00 EUR German IFO Expectations (NOV) exp 99.3prior 99.7<br \/>\n4:00 EUR German IFO Current Assessment (NOV) exp 105.3prior 106.1<br \/>\n4:30 GBP BBA Loans for House Purchase (OCT)prior 38712<br \/>\n9:00 EUR ECB\u2019s Draghi Speak in European Parliament in Brussels<br \/>\n13:30 GBP BOE Governor Carney, former Fed Chairman Greenspan Speak<br \/>\n16:45 NZD Trade Balance (OCT)prior -1560m<br \/>\n16:45 NZD Trade Balance 12 Mth YTD (OCT)prior -5188m<\/p>\n<p><strong>Earnings<\/strong><\/p>\n<p>Pre-Market: N\/A<\/p>\n<p>After Hours: BKE, CAAP, ENTA, STNE<\/p>\n<p>P.S.\u00a0<span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Click here for more info<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ\u2019s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM\u2019s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren\u2019t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn\u2019t special. Barron’s says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176","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=36176"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/p>\n<p>We have mostly green arrows around the world as we enter the last real important week of 2018.<\/p>\n<p>Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The <strong>DAX<\/strong> is +1.1% with the <strong>CAC<\/strong> +1.2% and <strong>FTSE<\/strong> +1.0%.<\/p>\n<p>Asia has green arrows. The <strong>Hang Seng<\/strong> is up 1.7%, reclaiming the 50 day. <strong>SPX<\/strong> futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving.<\/p>\n<p>But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens.<\/p>\n<p>Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish.<\/p>\n<p><strong>SPY<\/strong> put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40.<\/p>\n<p>Tech was a headwind for the past few weeks but showed a few glimmers last week. The <strong>QQQ\u2019s<\/strong> put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if <strong>AAPL<\/strong> gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority.<\/p>\n<p>Small caps got very close to major support and broke the October lows. <strong>IWM\u2019s<\/strong> low from Friday was $146.81. Resistance is in the $150.50-$151.<\/p>\n<p>Banks aren\u2019t special either.<\/p>\n<p><strong>GS<\/strong> made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87.<\/p>\n<p><strong>JPM<\/strong> is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much.<\/p>\n<p><strong>USO<\/strong> broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken.<\/p>\n<p><strong>XLE<\/strong> broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32.<\/p>\n<p>The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient.<\/p>\n<p><strong>AAPL<\/strong> was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier.<\/p>\n<p><strong>AMZN<\/strong> held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600?<\/p>\n<p><strong>NFLX<\/strong> isn\u2019t special. Barron's says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance.<\/p>\n<p><strong>NVDA<\/strong> gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163.<\/p>\n<p><strong>FB<\/strong> has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance.<\/p>\n<p><strong>TWTR<\/strong> tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction.<\/p>\n<p><strong>GOOGL<\/strong>: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165.<\/p>\n<p><strong>SQ<\/strong> was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66.<\/p>\n<p><strong>TSLA<\/strong> tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance is 337.50.<\/p>\n<p><strong>BABA<\/strong> has been showing a little relative strength and was actually green Friday. Next resistance is the $157 area.<\/p>\n<p><strong>NIO<\/strong> is a small speculative name I listed down around $6.95. It hit a high of $8.21 and pulled in a bit. I\u2019m in some since I think it can be a big 2019 story. It needs big volume to get above $8.35 in the weeks ahead. I want it to hold $7.15. Otherwise, I\u2019ll think about changing plans.<\/p>\n<p>Cannabis names lost momentum and are trying to rebuild. Some think a farm bill is coming, so look out for it.<\/p>\n<p><strong>CGC<\/strong> held the $32 area and there\u2019s some optimism that the farm bill is coming. It\u2019s up a little this morning. See how it handles the $35 area. Above that is $37.<\/p>\n<p><strong>TLRY<\/strong> is high valuation and hard to trust. But it cleared $111.70 to hit a high of $117.70. Next resistance is $126.<\/p>\n<p><strong>PYX<\/strong> got battered and bruised but has a lower-level pivot area that\u2019s worth watching. Some traders are playing it for a trade into January. If the group lifts, it can see $18-$20.<\/p>\n<p><strong>NBEV<\/strong> is a little spec name that gave a lot of action earlier in the year. In a better market, maybe it improves. Pivot resistance to clear is $4.25.<\/p>\n<p><strong>CRBP<\/strong>: some trader are looking at this as a 2019 story. It needs a better market.<\/p>\n<p><strong>Today\u2019s Trading Focus<\/strong><\/p>\n<p>I\u2019ll take it slow because this open is tricky. There were really no signals to come in long today. Last week was down week when historically, it had an upside bias. So I\u2019m flat. I listed many pivot resistance. We need to get above them to see bigger resistance. It could be hard to fade the open, but buying strength isn\u2019t easy either.<\/p>\n<p>I will see how <strong>AAPL<\/strong> gets treated at the $175.50-$176 area. If it goes red, it could dampen sentiment.<\/p>\n<p>I want to see if which names can get above Friday\u2019s highs, and if they get rejected.<\/p>\n<p>I\u2019ll see how <strong>NVDA<\/strong> $149.60, <strong>FB<\/strong> $134.50, and <strong>AMZN<\/strong> $1550ish gets treated.<\/p>\n<p><strong>Positions Disclosure:<\/strong> As of 11\/26\/2018 9:53 a.m. ET, Scott J. Redler was long NIO, NVDA, AMZN<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Today's Trading Calendar<\/strong><\/span><\/p>\n<p><strong>Economics<\/strong><\/p>\n<p>4:00 EUR German IFO Business Climate (NOV) exp 102.3prior 102.9<br \/>\n4:00 EUR German IFO Expectations (NOV) exp 99.3prior 99.7<br \/>\n4:00 EUR German IFO Current Assessment (NOV) exp 105.3prior 106.1<br \/>\n4:30 GBP BBA Loans for House Purchase (OCT)prior 38712<br \/>\n9:00 EUR ECB\u2019s Draghi Speak in European Parliament in Brussels<br \/>\n13:30 GBP BOE Governor Carney, former Fed Chairman Greenspan Speak<br \/>\n16:45 NZD Trade Balance (OCT)prior -1560m<br \/>\n16:45 NZD Trade Balance 12 Mth YTD (OCT)prior -5188m<\/p>\n<p><strong>Earnings<\/strong><\/p>\n<p>Pre-Market: N\/A<\/p>\n<p>After Hours: BKE, CAAP, ENTA, STNE<\/p>\n<p>P.S.\u00a0<span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Check out our Cyber Monday sale<\/a><\/strong><\/span> – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price)<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.t3live.com\/cyber\">Click here for more info<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we\u2019ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we\u2019ll deal with it. Today, we\u2019ll see how much of today\u2019s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We\u2019ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We\u2019ll see how much of today\u2019s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ\u2019s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let\u2019s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM\u2019s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren\u2019t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday\u2019s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It\u2019s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It\u2019s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8\/21\/50\/100\/200 day. Some are worse than others. But we do get trades based on the setup and open. Today\u2019s big gap open isn\u2019t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They\u2019ve come a long way down, so shorting too early could hurt. But they are also so broken that it\u2019s hard to buy strength. We\u2019ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn\u2019t special. Barron’s says it\u2019s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron\u2019s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there\u2019s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron\u2019s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11\/19. Then it hit a low of $325.55 Friday. It\u2019s just a trade like everything else now. Pivot resistance<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176","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=36176"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/36176\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}