{"id":65807,"date":"2023-01-09T08:59:45","date_gmt":"2023-01-09T13:59:45","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=65807"},"modified":"2023-01-09T09:03:05","modified_gmt":"2023-01-09T14:03:05","slug":"scott-redler-dog-bytes-2023-01-09","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/01\/09\/scott-redler-dog-bytes-2023-01-09\/","title":{"rendered":"How I’m Trading Tesla Here and Now"},"content":{"rendered":"

We have mostly green arrows around the world as January tries to be a better month for equities.<\/p>\n

Friday's Jobs Report created a lot of talk about a soft landing. But it's too early to tell.<\/p>\n

The bears got pushed back when SPX<\/b> cleared 3839 Friday. It was also able to pass 3878 to show a little power. CPI is Thursday and Powell speaks at 9:00 tomorrow. We can see 3958-3993 before the fundamental bears can push their narrative again.<\/p>\n

I always trim into strength with a gap in my favor to net some money. Then we can measure the action after the open.<\/p>\n

SPY<\/b> cleared $382 on Friday to get me more neutral to positive.\u00a0I took off my SPY puts to salvage some money Friday and I\u2019m coming in long some risk. I'll trim and trail but I\u2019ll\u00a0 keep some because we can see $393-$396 pre-CPI Thursday. Today, we'll see how we deal with $389.25.<\/p>\n

QQQ<\/b> did a Red Dog Reversal on Friday as it reclaimed $261.26 to relieve pressure. It also cleared Thursday's high to show some power. I'm not expecting a blockbuster move, but it could bounce to $274-$278 this week.<\/p>\n

So let's talk Tesla<\/strong> (TSLA) and some other names.<\/p>\n

TSLA<\/b> reclaimed $104.64 and $107.16 to get me long for an oversold bounce Friday. I already trimmed a little as it's $116.50ish. I'll try and stay with some. If it can clear $117.50, the next spot is $124ish. It had a big move from $305 down to $104.64 and now we'll see what type of broken bounce it can have.<\/p>\n

AAPL<\/b> broke $129 to see a low of $124.17. It was hard to make money with puts. I sold some of mine Friday because I felt a bounce can come. We'll see how it acts today. Does it get and stay above $130.40 to help active bulls with a move to $133ish? Or does strength get sold again?<\/p>\n

META<\/b> has been a good swing long from last week when it held the $122 gap pivot. I'm still in some stock plus a call spread for Friday. I'll keep managing it and I'd trim some.<\/p>\n

AMZN<\/b> did a Red Dog Reversal around the $83.07 pivot to get some long. I'll trim into some strength, but a close above $87 could open the door to resistance near the $94 area.<\/p>\n

Scott Redler's positions disclosure as of 2023-01-09 at 7.32.AM<\/em><\/p>\n

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

We have mostly green arrows around the world as January tries to be a better month for equities. Friday’s Jobs Report created a lot of talk about a soft landing. But it’s too early to tell. The bears got pushed back when SPX cleared 3839 Friday. It was also able to pass 3878 to show a little power. CPI is Thursday and Powell speaks at 9:00 tomorrow. We can see 3958-3993 before the fundamental bears can push their narrative again. I always trim into strength with a gap in my favor to net some money. Then we can measure the action after the open. SPY cleared $382 on Friday to get me more neutral to positive.\u00a0I took off my SPY puts to salvage some money Friday and I\u2019m coming in long some risk. I’ll trim and trail but I\u2019ll\u00a0 keep some because we can see $393-$396 pre-CPI Thursday. Today, we’ll see how we deal with $389.25. QQQ did a Red Dog Reversal on Friday as it reclaimed $261.26 to relieve pressure. It also cleared Thursday’s high to show some power. I’m not expecting a blockbuster move, but it could bounce to $274-$278 this week. So let’s talk Tesla (TSLA) and some other names. TSLA reclaimed $104.64 and $107.16 to get me long for an oversold bounce Friday. I already trimmed a little as it’s $116.50ish. I’ll try and stay with some. If it can clear $117.50, the next spot is $124ish. It had a big move from $305 down to $104.64 and now we’ll see what type of broken bounce it can have. AAPL broke $129 to see a low of $124.17. It was hard to make money with puts. I sold some of mine Friday because I felt a bounce can come. We’ll see how it acts today. Does it get and stay above $130.40 to help active bulls with a move to $133ish? Or does strength get sold again? META has been a good swing long from last week when it held the $122 gap pivot. I’m still in some stock plus a call spread for Friday. I’ll keep managing it and I’d trim some. AMZN did a Red Dog Reversal around the $83.07 pivot to get some long. I’ll trim into some strength, but a close above $87 could open the door to resistance near the $94 area. Scott Redler’s positions disclosure as of 2023-01-09 at 7.32.AM<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-65807","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\/65807","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=65807"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65807\/revisions"}],"predecessor-version":[{"id":65823,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65807\/revisions\/65823"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=65807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=65807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=65807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}