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SPY\u00a0had a nice active sequence as it cleared $382 & $386 to ignite a move to a high of $399.10 Friday. We’ll see if it can digest above $392.50 after Friday\u2019s resilience. I sold\u00a0SPY\u00a0calls higher late last week to use as hedge, and I’ll continue to do that into strength. QQQ\u00a0played some catch-up as it cleared $266 to see a high of $281.22. Friday. Now we\u2019ll how it digests. If it can hold $276ish or higher the next day or so, it would be constructive for higher prices. Now let’s dig into some individual names: TSLA absorbed some complicated news last week and came off the lows. I bought some this morning around $123 as it showed relative strength. If it can get and stay above $125.95, there’s room to $130ish. Use a tier system. AAPL reclaimed the $129-$130 area and seems on the way to $138ish. $134.92 is pivot resistance. META\u2019s been my best swing this year. It hit $137+ from $122. Now we’ll see if it holds $133-$134 to set up again. NFLX ignited January 4 and\u00a0 cleared $298ish to see a high of $336 Friday. It found support at the 8 day the entire time. Earnings are on Thursday. It\u2019s a tricky setup now. AMZN did a Red Dog Reversal around the $83.07 pivot January 6. It was tradable up to the dip buy on Friday when it hit $98.37. I took my trade off a little early. It held $93ish and as long as that holds, some will stay with it. Scott Redler’s positions disclosure as of 2023-01-17 at 7.42.27 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-65916","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"yoast_head":"\n