{"id":75624,"date":"2024-09-16T09:21:05","date_gmt":"2024-09-16T13:21:05","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75624"},"modified":"2024-09-16T09:30:11","modified_gmt":"2024-09-16T13:30:11","slug":"scott-redler-apple-tesla","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/09\/16\/scott-redler-apple-tesla\/","title":{"rendered":"Why Apple Looks Worse Than Tesla Right Now"},"content":{"rendered":"

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

We have mixed\/quiet markets as we head into the FOMC this week. The debate is whether we get a 25bp or 50bp cut.\u00a0The reaction on Wednesday will be key.<\/p>\n

Will we get and stay above SPX 5651 for real and see 5750+, or do we get a major Red Dog Reversal sell-the-news move around that level? That\u2019s the question.<\/p>\n

Tech showed relative strength last Wednesday for the first time since the July top. QQQ cleared all the moving averages to hit $476+ on Friday to adjust. AAPL is down 2% on slower iPhone orders. See if they isolate this to AAPL, or if it weigh son all of tech today. There is decent support at $467-$469.<\/p>\n

Let's get into some individual names:<\/p>\n

AAPL<\/b>\u00a0is down 2% as headlines say iPhone 16 sales are lighter than expected. I have the 12 and it doesn't seem like there's any reason to upgrade. They need a foldable phone or some exciting new AI features. $217ish is a big spot. Does it make a low in the first 5-15-30 minutes or trend down all day? I'm glad it's lagged to keep us out recently.<\/p>\n

TSLA<\/b>\u00a0seems like one of the better set-ups this week. I'm long from lower levels. It needs to hold $224. If it can get and stay above $235 with volume, it can be a nice momentum add to fill the gap up to $245.<\/p>\n

MSFT<\/b>\u00a0got better with tech. It cleared $410 and $416 to open the door for a move back to $431ish. Today there is a Co-Pilot event. Take a little care. $427 is upper support.<\/p>\n

DASH<\/b>\u00a0is getting more institutional interest and support. Actively, it cleared $126 to see $133+ last week. I'd like to see it hold $129ish to set up for a move toward $143.<\/p>\n

ASTS<\/b>: It's nice when a plan comes together. I sold puts last Monday as a synthetic long, and bought the stock Thursday. Then it crossed $27.05 and $28.40 to see $30.93 to adjust. We'll see if we can add to go red to green today to manage the trade.<\/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: Treat Trading Like a Business<\/b><\/p>\n

The average person on the street thinks trading is like hitting the craps table at the Bellagio.<\/p>\n

But trading is a business just like any other.<\/p>\n

You have to balance your books every month, make it through slowdowns, and most of all, not put yourself at risk of bankruptcy.<\/p>\n

Sometimes I talk to people about my career and they think I have gigantic swings every day. NOTHING could be further from the truth.<\/p>\n

My trading account is a business I run to pay my bills. It\u2019s not a hobby!<\/p>\n

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

It's all about the Fed this week with the rate decision on Wednesday:<\/p>\n

\"\"<\/p>\n

P.S.<\/strong> Don't forget to check out Scott Redler's Power Plays!<\/a><\/strong><\/span><\/p>\n

Scott's Positions Disclosure as of 2024-09-16 at 8.30.04 AM
\n\"\"<\/em><\/p>\n

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

Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. We have mixed\/quiet markets as we head into the FOMC this week. The debate is whether we get a 25bp or 50bp cut.\u00a0The reaction on Wednesday will be key. Will we get and stay above SPX 5651 for real and see 5750+, or do we get a major Red Dog Reversal sell-the-news move around that level? That\u2019s the question. Tech showed relative strength last Wednesday for the first time since the July top. QQQ cleared all the moving averages to hit $476+ on Friday to adjust. AAPL is down 2% on slower iPhone orders. See if they isolate this to AAPL, or if it weigh son all of tech today. There is decent support at $467-$469. Let’s get into some individual names: AAPL\u00a0is down 2% as headlines say iPhone 16 sales are lighter than expected. I have the 12 and it doesn’t seem like there’s any reason to upgrade. They need a foldable phone or some exciting new AI features. $217ish is a big spot. Does it make a low in the first 5-15-30 minutes or trend down all day? I’m glad it’s lagged to keep us out recently. TSLA\u00a0seems like one of the better set-ups this week. I’m long from lower levels. It needs to hold $224. If it can get and stay above $235 with volume, it can be a nice momentum add to fill the gap up to $245. MSFT\u00a0got better with tech. It cleared $410 and $416 to open the door for a move back to $431ish. Today there is a Co-Pilot event. Take a little care. $427 is upper support. DASH\u00a0is getting more institutional interest and support. Actively, it cleared $126 to see $133+ last week. I’d like to see it hold $129ish to set up for a move toward $143. ASTS: It’s nice when a plan comes together. I sold puts last Monday as a synthetic long, and bought the stock Thursday. Then it crossed $27.05 and $28.40 to see $30.93 to adjust. We’ll see if we can add to go red to green today to manage the trade. 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: Treat Trading Like a Business The average person on the street thinks trading is like hitting the craps table at the Bellagio. But trading is a business just like any other. You have to balance your books every month, make it through slowdowns, and most of all, not put yourself at risk of bankruptcy. Sometimes I talk to people about my career and they think I have gigantic swings every day. NOTHING could be further from the truth. My trading account is a business I run to pay my bills. It\u2019s not a hobby! This Week’s Calendar It’s all about the Fed this week with the rate decision on Wednesday: P.S. Don’t forget to check out Scott Redler’s Power Plays! Scott’s Positions Disclosure as of 2024-09-16 at 8.30.04 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-75624","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\/75624","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=75624"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75624\/revisions"}],"predecessor-version":[{"id":75628,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75624\/revisions\/75628"}],"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=75624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}