{"id":57049,"date":"2021-09-13T08:45:54","date_gmt":"2021-09-13T12:45:54","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=57049"},"modified":"2021-09-13T08:46:04","modified_gmt":"2021-09-13T12:46:04","slug":"scott-redlers-dog-bytes-facing-facebook","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2021\/09\/13\/scott-redlers-dog-bytes-facing-facebook\/","title":{"rendered":"Scott Redler\u2019s Dog Bytes: Facing Facebook"},"content":{"rendered":"

SPY<\/b> closed on the lows last week below the 8\/21 day which had me taking risk down. If sellers want to keep some active control, they need to reject the price into the $448.75-$449.50 area. That is the range you need to watch today, so keep it on your radar.<\/p>\n

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

Now let's dig into some key names, starting with a big one:<\/p>\n

FB<\/strong> seemed the strongest on Friday and if the market hangs in, it might be a focus to clear the $384.33 pivot to make new all-time highs. GS upgraded it this morning. This name has been very good to us. If tech gets sold, use $380.50 as upper support.<\/p>\n

AAPL: there\u2019s lots of debate on the ramifications of the Epic verdict. The stock broke $153.95 and the $151.29 pivot to flush some active longs out. We'll see if it was an over reaction. It's bouncing back a bit this morning. If sellers want to keep some control, I'd think they reject price into the $151.29 area. Also, if this goes from green to red, it might bring out sellers in tech.<\/span><\/b><\/b><\/p>\n

AMZN had a nice move after clearing the descending channel around $3240 to peak at $3549. I sold puts twice to get synthetically long which was nicely profitable. Today, see if it clears $3482 or gets rejected. That will tell us a lot about sentiment in tech. It's holding up better than most names, so I'll try to get long again if the market holds in.<\/span><\/b><\/b><\/p>\n

RBLX<\/b> was a nice trade for us last week. I bought it around $84 and it hit $90+. I still have some on. Now it needs to hold the $85.30 area.<\/span><\/b><\/b><\/p>\n

Positions Disclosure as of 9\/13\/2021 at 8:05 a.m. ET<\/p>\n

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

SPY closed on the lows last week below the 8\/21 day which had me taking risk down. If sellers want to keep some active control, they need to reject the price into the $448.75-$449.50 area. That is the range you need to watch today, so keep it on your radar. Now let’s dig into some key names, starting with a big one: FB seemed the strongest on Friday and if the market hangs in, it might be a focus to clear the $384.33 pivot to make new all-time highs. GS upgraded it this morning. This name has been very good to us. If tech gets sold, use $380.50 as upper support. AAPL: there\u2019s lots of debate on the ramifications of the Epic verdict. The stock broke $153.95 and the $151.29 pivot to flush some active longs out. We’ll see if it was an over reaction. It’s bouncing back a bit this morning. If sellers want to keep some control, I’d think they reject price into the $151.29 area. Also, if this goes from green to red, it might bring out sellers in tech. AMZN had a nice move after clearing the descending channel around $3240 to peak at $3549. I sold puts twice to get synthetically long which was nicely profitable. Today, see if it clears $3482 or gets rejected. That will tell us a lot about sentiment in tech. It’s holding up better than most names, so I’ll try to get long again if the market holds in. RBLX was a nice trade for us last week. I bought it around $84 and it hit $90+. I still have some on. Now it needs to hold the $85.30 area. Positions Disclosure as of 9\/13\/2021 at 8:05 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-57049","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\/57049","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=57049"}],"version-history":[{"count":5,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/57049\/revisions"}],"predecessor-version":[{"id":57056,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/57049\/revisions\/57056"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=57049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=57049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=57049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}