{"id":58325,"date":"2021-11-08T10:48:57","date_gmt":"2021-11-08T15:48:57","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=58325"},"modified":"2021-11-08T10:48:57","modified_gmt":"2021-11-08T15:48:57","slug":"scott-redler-dog-bytes-2021-11-08","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2021\/11\/08\/scott-redler-dog-bytes-2021-11-08\/","title":{"rendered":"Scott Redler\u2019s Dog Bytes: Did Cannabis Stocks Bottom?"},"content":{"rendered":"<p><b>SPX<\/b>\u00a0hit a high of 4718 on Friday. It\u2019s a bit extended and might need a few days to catch its breath. Listen up for whether Powell gets the nod because that can move the market a bit. I'd think the market would like Powell instead of Brainard.<\/p>\n<p>We'll see if 4681 holds, or if they shake the tree down towards the 8 day.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" title=\"FDq_PIWWQAUxX1w\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2021\/11\/FDq_PIWWQAUxX1w.jpeg\" alt=\"\" width=\"883\" height=\"397\" data-id=\"58327\" data-init-width=\"1200\" data-init-height=\"539\" data-width=\"883\" data-height=\"397\" \/><\/p>\n<p>Now let's dig into some of the individual names I'm watching.<\/p>\n<p><strong>TSLA<\/strong> was great to us from $800 all the way to $1200+ with lots of setups for cash flow. I'm short some calls from Friday so I don't mind this down open. Elon tweeted about the possibility of him selling 10% of his stock. This morning it was as low as $1130 and it\u2019s off that. I'll wait for some price discovery before I trade it. The 8 day is $1152.<\/p>\n<p>The cannabis sector has been battered and bruised all year. Most are selling for tax losses and PM's trying to get them off the books and\u00a0<b>MSOS<\/b> has been very broken. Maybe Friday's news changes all of that. It did go 10% on Friday so take care chasing today. But I'd think $33.80 can happen. $30ish is Resistance #1. I started to position for the January effect, so this move can help my options.<\/p>\n<p>I grabbed some\u00a0<b>GRWG<\/b> as US Cannabis names woke up Friday. I did trim some and I'll hold some in case this starts a new active sequence.<\/p>\n<p style=\"text-align: center;\"><strong>Positions Disclosure as of 11\/8\/2021 at 8:11 a.m. ET<\/strong><\/p>\n<p><img decoding=\"async\" title=\"Screen Shot 2021-11-08 at 8.11.18 AM\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-08-at-8.11.18-AM.png\" alt=\"\" width=\"257\" height=\"250\" data-id=\"58329\" data-init-width=\"535\" data-init-height=\"522\" data-width=\"257\" data-height=\"250\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SPX\u00a0hit a high of 4718 on Friday. It\u2019s a bit extended and might need a few days to catch its breath. Listen up for whether Powell gets the nod because that can move the market a bit. I&#8217;d think the market would like Powell instead of Brainard. We&#8217;ll see if 4681 holds, or if they shake the tree down towards the 8 day. Now let&#8217;s dig into some of the individual names I&#8217;m watching. TSLA was great to us from $800 all the way to $1200+ with lots of setups for cash flow. I&#8217;m short some calls from Friday so I don&#8217;t mind this down open. Elon tweeted about the possibility of him selling 10% of his stock. This morning it was as low as $1130 and it\u2019s off that. I&#8217;ll wait for some price discovery before I trade it. The 8 day is $1152. The cannabis sector has been battered and bruised all year. Most are selling for tax losses and PM&#8217;s trying to get them off the books and\u00a0MSOS has been very broken. Maybe Friday&#8217;s news changes all of that. It did go 10% on Friday so take care chasing today. But I&#8217;d think $33.80 can happen. $30ish is Resistance #1. I started to position for the January effect, so this move can help my options. I grabbed some\u00a0GRWG as US Cannabis names woke up Friday. I did trim some and I&#8217;ll hold some in case this starts a new active sequence. Positions Disclosure as of 11\/8\/2021 at 8:11 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-58325","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\/58325","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=58325"}],"version-history":[{"count":9,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/58325\/revisions"}],"predecessor-version":[{"id":58343,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/58325\/revisions\/58343"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=58325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=58325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=58325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}