{"id":75343,"date":"2024-07-22T08:58:17","date_gmt":"2024-07-22T12:58:17","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75343"},"modified":"2024-07-22T08:58:50","modified_gmt":"2024-07-22T12:58:50","slug":"scott-redler-arm-semi-to-watch","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/07\/22\/scott-redler-arm-semi-to-watch\/","title":{"rendered":"ARM is the semi to watch today"},"content":{"rendered":"

Brought to You By Power Plays<\/a><\/span><\/b><\/p>\n

SPX<\/b>\u00a0futures are +30 after a correction from 5669 down to 5497 last week. If the bears want to keep active control, they probably need to reject price this week into the 5560-5585 area.<\/p>\n

Not all sectors are created equal as the money rotates every few weeks.\u00a0Now let's dig into some individual names:<\/p>\n

ARM<\/b>\u00a0is a stronger semi so see how it reacts today. We\u2019ll see if it gets and stays above $166 to see $171ish.<\/p>\n

AMZN<\/b>\u00a0stopped out most remaining active longs when it failed to hold the $197.60 area. Record Prime results were sold and it hit a low of $180.11 before reclaiming $181.45 on Friday. I'd think $186-$188 gets rejected if this tries to bounce pre-earnings.<\/p>\n

PLTR<\/b>\u00a0acted well when most names didn't. It hit a high of $29.83. I'm still long some, and it needs to hold $27.80.<\/p>\n

GOOGL<\/b>\u00a0reports tomorrow after the close. It looks similar to NFLX as it pulled in off the highs but it's not worth an options play yet. GOOGL's recent high is $191ish. The reaction will be important for how we approach these types of names.<\/p>\n

TSLA<\/b>\u00a0also reports tomorrow. It\u00a0hit a high of $271 and a low of $233 in the last few sessions after a nice move from $191-$198. It\u2019s hard to tell what's next as it wedges. $245 is active support, then $233. If this pushes, $258 is active resistance. It's flattish this morning.<\/p>\n

\"\"<\/a>
\nFeatured: Join Scott Redler's Plays for $99<\/strong><\/h3>\n

Get Scott's #1 idea each week.<\/p>\n

That's 52 weeks for just $99. (not a typo)<\/p>\n

Recent ideas include\u00a0Rivian<\/b>\u00a0(RIVN) and\u00a0XBI<\/b>.<\/p>\n

You can be on the list for the next one:<\/p>\n

See why now's the right time to join.<\/a><\/strong><\/span><\/p>\n

Your Tip for This Week: Keep an Even Keel<\/b><\/p>\n

I don\u2019t know what\u2019s worse: having too much confidence or not enough.<\/p>\n

So don\u2019t go overboard celebrating your trading wins.<\/p>\n

We want winning to be a normal day at the office — not special occasions that are so rare they\u2019re worth celebrating!<\/p>\n

And don\u2019t go overboard crying over your losses, because underconfidence will prevent you from executing on good trades.<\/p>\n

You have to accept that losing is part of the game.<\/p>\n

Just make sure you lose small, and use those bad trades to figure out what you can improve for next time. If you learn from your losses, you\u2019re at least getting something out of them.<\/p>\n

This Week's Calendar<\/strong><\/p>\n

Earnings season continues to heat up this week with\u00a0GOOGL<\/b>,\u00a0TSLA<\/b>,\u00a0V<\/b>,\u00a0IBM<\/b>,\u00a0KLAC<\/b>, and more! Plus we have the important PCE Price Index on Friday.<\/p>\n

\"\"<\/p>\n

Positions Disclosure as of 2024-07-22 at 8.31.20 AM<\/em><\/p>\n

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

Brought to You By Power Plays SPX\u00a0futures are +30 after a correction from 5669 down to 5497 last week. If the bears want to keep active control, they probably need to reject price this week into the 5560-5585 area. Not all sectors are created equal as the money rotates every few weeks.\u00a0Now let’s dig into some individual names: ARM\u00a0is a stronger semi so see how it reacts today. We\u2019ll see if it gets and stays above $166 to see $171ish. AMZN\u00a0stopped out most remaining active longs when it failed to hold the $197.60 area. Record Prime results were sold and it hit a low of $180.11 before reclaiming $181.45 on Friday. I’d think $186-$188 gets rejected if this tries to bounce pre-earnings. PLTR\u00a0acted well when most names didn’t. It hit a high of $29.83. I’m still long some, and it needs to hold $27.80. GOOGL\u00a0reports tomorrow after the close. It looks similar to NFLX as it pulled in off the highs but it’s not worth an options play yet. GOOGL’s recent high is $191ish. The reaction will be important for how we approach these types of names. TSLA\u00a0also reports tomorrow. It\u00a0hit a high of $271 and a low of $233 in the last few sessions after a nice move from $191-$198. It\u2019s hard to tell what’s next as it wedges. $245 is active support, then $233. If this pushes, $258 is active resistance. It’s flattish this morning. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Recent ideas include\u00a0Rivian\u00a0(RIVN) and\u00a0XBI. You can be on the list for the next one: See why now’s the right time to join. Your Tip for This Week: Keep an Even Keel I don\u2019t know what\u2019s worse: having too much confidence or not enough. So don\u2019t go overboard celebrating your trading wins. We want winning to be a normal day at the office — not special occasions that are so rare they\u2019re worth celebrating! And don\u2019t go overboard crying over your losses, because underconfidence will prevent you from executing on good trades. You have to accept that losing is part of the game. Just make sure you lose small, and use those bad trades to figure out what you can improve for next time. If you learn from your losses, you\u2019re at least getting something out of them. This Week’s Calendar Earnings season continues to heat up this week with\u00a0GOOGL,\u00a0TSLA,\u00a0V,\u00a0IBM,\u00a0KLAC, and more! Plus we have the important PCE Price Index on Friday. Positions Disclosure as of 2024-07-22 at 8.31.20 AM<\/p>\n","protected":false},"author":4,"featured_media":75075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-75343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75343","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=75343"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75343\/revisions"}],"predecessor-version":[{"id":75350,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75343\/revisions\/75350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/75075"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=75343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}