{"id":56406,"date":"2021-07-19T08:42:32","date_gmt":"2021-07-19T12:42:32","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=56406"},"modified":"2021-07-19T08:42:32","modified_gmt":"2021-07-19T12:42:32","slug":"scott-redler-dog-bytes-etf-watch","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2021\/07\/19\/scott-redler-dog-bytes-etf-watch\/","title":{"rendered":"Scott Redler\u2019s Dog Bytes: Watch These ETF’s Closely"},"content":{"rendered":"

Welcome to Scott Redler's Dog Bytes, which gives you a selection of insights from Scott's\u00a0Redler Report<\/a><\/strong>\u00a0newsletter.<\/em><\/p>\n

We have mixed and quiet markets to start the holiday-shortened week. There\u2019s lots of talk about how OPEC didn't make a deal. If oil sees $80+, I'd rather sell it than buy it.The Fed minutes are on Wednesday and will probably reinforce the taper talk. Each week there's a different feel. Last week it felt more narrow with megacap tech leading the way. The SPX<\/strong> hit a high of 4352 and could be ripe for a few days of consolidation.<\/p>\n

\"\"<\/p>\n

AMZN\u2019s <\/strong>active sequence started on June 7 with a Red Dog Reversal long signal. I put on a $3700-$3900 macro August call spread when the 8\/2 1 day got reclaimed around $3250. It\u2019s had a nice move since then. I also bougt some shares as it cleared $3471 to hit a high of $3511. I might get more aggressive if it can get above $3524. Then a close above $3554 on huge volume can open the door for a range break. It\u2019s hard to tell if it will be this week or closer to earnings. So it\u2019s tricky.<\/p>\n

AMD<\/strong> was a great buy in the $81 area as it reclaimed all the moving averages for a big swing long. Last week it held $91 and hit $95+. It does look like it's on the way to new all-time highs.<\/p>\n

Last week A<\/strong>MC<\/strong> failed to clear $59 and hit a low of $47.80 on Friday. It's up on some numbers and talk they won't increase share size. $56 will be big resistance.<\/p>\n

Positions Disclosure as of 7\/6\/2021 at 7:59 a.m. ET<\/p>\n

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

Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s\u00a0Redler Report\u00a0newsletter. We have mixed and quiet markets to start the holiday-shortened week. There\u2019s lots of talk about how OPEC didn’t make a deal. If oil sees $80+, I’d rather sell it than buy it.The Fed minutes are on Wednesday and will probably reinforce the taper talk. Each week there’s a different feel. Last week it felt more narrow with megacap tech leading the way. The SPX hit a high of 4352 and could be ripe for a few days of consolidation. AMZN\u2019s active sequence started on June 7 with a Red Dog Reversal long signal. I put on a $3700-$3900 macro August call spread when the 8\/2 1 day got reclaimed around $3250. It\u2019s had a nice move since then. I also bougt some shares as it cleared $3471 to hit a high of $3511. I might get more aggressive if it can get above $3524. Then a close above $3554 on huge volume can open the door for a range break. It\u2019s hard to tell if it will be this week or closer to earnings. So it\u2019s tricky. AMD was a great buy in the $81 area as it reclaimed all the moving averages for a big swing long. Last week it held $91 and hit $95+. It does look like it’s on the way to new all-time highs. Last week AMC failed to clear $59 and hit a low of $47.80 on Friday. It’s up on some numbers and talk they won’t increase share size. $56 will be big resistance. Positions Disclosure as of 7\/6\/2021 at 7:59 a.m. ET<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-56406","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/56406","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=56406"}],"version-history":[{"count":5,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/56406\/revisions"}],"predecessor-version":[{"id":56414,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/56406\/revisions\/56414"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=56406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=56406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=56406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}