{"id":66276,"date":"2023-02-13T09:07:40","date_gmt":"2023-02-13T14:07:40","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66276"},"modified":"2023-02-13T09:43:42","modified_gmt":"2023-02-13T14:43:42","slug":"scott-redler-dog-bytes-new-names-radar","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/13\/scott-redler-dog-bytes-new-names-radar\/","title":{"rendered":"3 New Names on the Radar"},"content":{"rendered":"<p>We have flattish markets around the world ahead of the CPI tomorrow.<\/p>\n<p>Markets are trying to get comfortable with Fed expectations of a ceiling at 5.19% and a year-end 4.9% target.<\/p>\n<p>So far it seems like the world is handling 5% rates okay. Most experts predicted a big recession by now.<\/p>\n<p><b>SPX<\/b>\u00a0pulled back 100 handles of fthe 4195 highs. Does it start a downside active sequence, or is it just a digestion phase? That\u2019s the question.<\/p>\n<p>We should know more tomorrow after the CPI tomorrow. L<\/p>\n<p><b>SPY<\/b>\u00a0hit a high of $418.31 on Feb 2 and made a low of $405 Friday. A bit of momentum was lost, but the more intermediate trend is still intact.<\/p>\n<p>Tomorrow\u2019s CPI will be important. There's risks to both longs and shorts. $410-$411 will be resistance if we rally.<\/p>\n<p>Now let's dig into 3 individual names I typically don't cover in the Morning Note:<\/p>\n<p><b>SMCI<\/b> seems like it has a decent setup. Some are long vs. the 8 day down near $82ish. Others are waiting for a move and hold above $93.90ish.<\/p>\n<p><b>SSTK<\/b> has a decent setup. Some are long vs. $72. Others are waiting for it to get and stay above $81.25.<\/p>\n<p><b>GILD <\/b>has a nice chart. Some are long vs. $85. Others are waiting for it to get and stay above $87.18<\/p>\n<p><em>Scott Redler's positions disclosure as of 2023-02-13 at 8.35.09 AM<\/em><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-66278\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM.png\" alt=\"\" width=\"613\" height=\"241\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM.png 613w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-300x118.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-150x59.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-80x31.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-220x86.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-250x98.png 250w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-280x110.png 280w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/02\/Screen-Shot-2023-02-13-at-8.35.09-AM-510x201.png 510w\" sizes=\"(max-width: 613px) 100vw, 613px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have flattish markets around the world ahead of the CPI tomorrow. Markets are trying to get comfortable with Fed expectations of a ceiling at 5.19% and a year-end 4.9% target. So far it seems like the world is handling 5% rates okay. Most experts predicted a big recession by now. SPX\u00a0pulled back 100 handles of fthe 4195 highs. Does it start a downside active sequence, or is it just a digestion phase? That\u2019s the question. We should know more tomorrow after the CPI tomorrow. L SPY\u00a0hit a high of $418.31 on Feb 2 and made a low of $405 Friday. A bit of momentum was lost, but the more intermediate trend is still intact. Tomorrow\u2019s CPI will be important. There&#8217;s risks to both longs and shorts. $410-$411 will be resistance if we rally. Now let&#8217;s dig into 3 individual names I typically don&#8217;t cover in the Morning Note: SMCI seems like it has a decent setup. Some are long vs. the 8 day down near $82ish. Others are waiting for a move and hold above $93.90ish. SSTK has a decent setup. Some are long vs. $72. Others are waiting for it to get and stay above $81.25. GILD has a nice chart. Some are long vs. $85. Others are waiting for it to get and stay above $87.18 Scott Redler&#8217;s positions disclosure as of 2023-02-13 at 8.35.09 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-66276","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\/66276","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=66276"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66276\/revisions"}],"predecessor-version":[{"id":66283,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66276\/revisions\/66283"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}