{"id":75537,"date":"2024-09-03T08:55:58","date_gmt":"2024-09-03T12:55:58","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75537"},"modified":"2024-09-03T08:58:04","modified_gmt":"2024-09-03T12:58:04","slug":"scott-redler-tesla-game-plan","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/09\/03\/scott-redler-tesla-game-plan\/","title":{"rendered":"My Tesla Game Plan – Watch THIS Level"},"content":{"rendered":"

Brought to You By Scott Redler's Power Plays – Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n

SPX<\/b>\u00a0<\/b>futures are -28 after Friday's afternoon rally which took us to the upper end of the two-week range. It's been a choppy trade with lots of false moves. We'll see if dip buyers defend the 5581 active support area. A close below that, and I think active traders like me might reduce risk again. 5651 is key upper support.<\/p>\n

This week, we have Manufacturing ISM at 10 a.m. today, AVGO earnings after the close Thursday, and the NFP report on Friday.<\/p>\n

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

TSLA<\/b>\u00a0showed a little power on Friday and is up a little this morning in a sea of red. I'm long small, and if it can hold the $214 area, I'd think it has some room towards $224ish.<\/p>\n

AAPL<\/b>\u00a0led the move off the 8\/5 lows, and it's been above the 8-day since then. If you're active, I'd use $227.48 as key support. A break of that, and it can give clues that tech might be pressured, so keep your eyes on it.<\/p>\n

AMZN<\/b>\u00a0had its first relative strength day in a while. It cleared the $174 area to see $178.90 on Friday. It's down small this morning. Let's see if it can go red to green and continue to get better.<\/p>\n

AFRM<\/b>\u00a0gave us a pro earnings gap to trade against at $37.52, and then Friday went red to green to see $44.89 for extra cash flow. That gap needs to hold.<\/p>\n

LLY<\/b>\u00a0held the $825 pro earnings gap and regained leadership again. It's been above the 8-day since then. Buying a dip is easier than trying to add on strength. It tagged the $972 ATH last week but faded, so watch size if you're active. $930ish is key upper support.<\/p>\n

\"\"<\/a><\/p>\n

Featured: 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

Be on the list for the next idea:<\/p>\n

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

Your Tip for This Week:\u00a0Develop a Pro Mindset<\/b><\/p>\n

You can have a 180 IQ, but to succeed, you\u2019ve got to adopt the mindset of a pro.<\/p>\n

Pros don\u2019t think about Ferraris and private jets while they\u2019re trading.<\/p>\n

We think about what we could lose.<\/p>\n

When you\u2019re doing this for a living, your paycheck can actually be negative if you give enough money back.<\/p>\n

So always keep the worst case scenario in mind, and be ready to act to avoid it.<\/p>\n

Because while it\u2019s important to win, it\u2019s equally important to not lose.<\/p>\n

Every penny you avoid losing is another penny you don\u2019t have to earn.<\/p>\n

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

This week, we have Manufacturing ISM at 10 a.m. today,\u00a0AVGO<\/b>\u00a0earnings after the close Thursday (key for semis & AI names), and the NFP report on Friday.<\/p>\n

\"\"<\/p>\n

P.S. Don't forget to check out Scott Redler's Power Plays – Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n

Positions Disclosure as of 2024-09-03 at 8.07.05 AM<\/em><\/p>\n

\"\"<\/p>\n

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

Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX\u00a0futures are -28 after Friday’s afternoon rally which took us to the upper end of the two-week range. It’s been a choppy trade with lots of false moves. We’ll see if dip buyers defend the 5581 active support area. A close below that, and I think active traders like me might reduce risk again. 5651 is key upper support. This week, we have Manufacturing ISM at 10 a.m. today, AVGO earnings after the close Thursday, and the NFP report on Friday. Now let’s dig into some individual names: TSLA\u00a0showed a little power on Friday and is up a little this morning in a sea of red. I’m long small, and if it can hold the $214 area, I’d think it has some room towards $224ish. AAPL\u00a0led the move off the 8\/5 lows, and it’s been above the 8-day since then. If you’re active, I’d use $227.48 as key support. A break of that, and it can give clues that tech might be pressured, so keep your eyes on it. AMZN\u00a0had its first relative strength day in a while. It cleared the $174 area to see $178.90 on Friday. It’s down small this morning. Let’s see if it can go red to green and continue to get better. AFRM\u00a0gave us a pro earnings gap to trade against at $37.52, and then Friday went red to green to see $44.89 for extra cash flow. That gap needs to hold. LLY\u00a0held the $825 pro earnings gap and regained leadership again. It’s been above the 8-day since then. Buying a dip is easier than trying to add on strength. It tagged the $972 ATH last week but faded, so watch size if you’re active. $930ish is key upper support. 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) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week:\u00a0Develop a Pro Mindset You can have a 180 IQ, but to succeed, you\u2019ve got to adopt the mindset of a pro. Pros don\u2019t think about Ferraris and private jets while they\u2019re trading. We think about what we could lose. When you\u2019re doing this for a living, your paycheck can actually be negative if you give enough money back. So always keep the worst case scenario in mind, and be ready to act to avoid it. Because while it\u2019s important to win, it\u2019s equally important to not lose. Every penny you avoid losing is another penny you don\u2019t have to earn. This Week’s Calendar This week, we have Manufacturing ISM at 10 a.m. today,\u00a0AVGO\u00a0earnings after the close Thursday (key for semis & AI names), and the NFP report on Friday. P.S. Don’t forget to check out Scott Redler’s Power Plays – Get My #1 Idea Every Week. Positions Disclosure as of 2024-09-03 at 8.07.05 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-75537","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\/75537","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=75537"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75537\/revisions"}],"predecessor-version":[{"id":75540,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75537\/revisions\/75540"}],"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=75537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}