{"id":66190,"date":"2023-02-06T09:20:03","date_gmt":"2023-02-06T14:20:03","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66190"},"modified":"2023-02-06T09:20:03","modified_gmt":"2023-02-06T14:20:03","slug":"scott-redler-dog-bytes-meta-197","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/06\/scott-redler-dog-bytes-meta-197\/","title":{"rendered":"META $197 Is the Level to Watch"},"content":{"rendered":"

SPX<\/b>\u00a0futures are -30 after hitting a high of 4195 last week. I sold the BOS account and reduced risk across all my trading accounts. Now we see what's next. 4076-4094 is support zone number one (8 day support).<\/p>\n

The bigger area is 4015-4048.<\/p>\n

SPY<\/b> gave nice opportunities long. It hit a high of $418.34 to reduce. On Friday, it gave signals to bring risk down. The first support area is $407-$408.64. If we see a move below that this week, the next big spot is $397.50ish-$401.<\/p>\n

QQQ's<\/b>\u00a0hit a high of $313 last week. On Friday it closed below $306.73. Now we'll see if there's a 5-15-30 minute low to trade against, or if it reclaims $304.57. 8 day support is near $298ish.<\/p>\n

We have mostly red arrows around the world after a big start to 2023. Spain's Hot CPI is putting some pressure on Europe, and most of China is lower after a holiday week.<\/p>\n

Now let's dig into some individual names:<\/p>\n

META<\/b> has a big earnings gap to be long against. This can give clues on the strength of the tape. See if it holds and\u00a0 up and clears $197. This will be a focus moving forward. It's been very good to us since December.<\/p>\n

TSLA<\/b>\u00a0became my 2023 focus again on January 6 on the bullish engulfing candle. It hit $199 last week. In a sea of red, it's up this morning. The SEC case was thrown out. This will remain a focus, but I did sell mine Friday.<\/p>\n

AAPL<\/b>\u00a0acted well post-earnings. This stock will give opportunities and clues to the tape. I'll focus here a bit more. See if it holds $151ish or sees the $148 gap area.<\/p>\n

AMD<\/b>\u00a0had a strong move post-earnings. It seems like dips can be buyable if this market stays constructive. $83 is some support. $85.53 is Friday's low.<\/p>\n

MSFT<\/b>\u00a0hit $263 and closed weak on Friday. It\u2019s on the bottom of the list. See if it stays below $257.10 to fill the gap down to the $255 area.<\/p>\n

Scott Redler's positions disclosure as of 2023-02-06 at 7.41.24 AM<\/em><\/p>\n

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

SPX\u00a0futures are -30 after hitting a high of 4195 last week. I sold the BOS account and reduced risk across all my trading accounts. Now we see what’s next. 4076-4094 is support zone number one (8 day support). The bigger area is 4015-4048. SPY gave nice opportunities long. It hit a high of $418.34 to reduce. On Friday, it gave signals to bring risk down. The first support area is $407-$408.64. If we see a move below that this week, the next big spot is $397.50ish-$401. QQQ’s\u00a0hit a high of $313 last week. On Friday it closed below $306.73. Now we’ll see if there’s a 5-15-30 minute low to trade against, or if it reclaims $304.57. 8 day support is near $298ish. We have mostly red arrows around the world after a big start to 2023. Spain’s Hot CPI is putting some pressure on Europe, and most of China is lower after a holiday week. Now let’s dig into some individual names: META has a big earnings gap to be long against. This can give clues on the strength of the tape. See if it holds and\u00a0 up and clears $197. This will be a focus moving forward. It’s been very good to us since December. TSLA\u00a0became my 2023 focus again on January 6 on the bullish engulfing candle. It hit $199 last week. In a sea of red, it’s up this morning. The SEC case was thrown out. This will remain a focus, but I did sell mine Friday. AAPL\u00a0acted well post-earnings. This stock will give opportunities and clues to the tape. I’ll focus here a bit more. See if it holds $151ish or sees the $148 gap area. AMD\u00a0had a strong move post-earnings. It seems like dips can be buyable if this market stays constructive. $83 is some support. $85.53 is Friday’s low. MSFT\u00a0hit $263 and closed weak on Friday. It\u2019s on the bottom of the list. See if it stays below $257.10 to fill the gap down to the $255 area. Scott Redler’s positions disclosure as of 2023-02-06 at 7.41.24 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-66190","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\/66190","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=66190"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66190\/revisions"}],"predecessor-version":[{"id":66196,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66190\/revisions\/66196"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}