{"id":75750,"date":"2024-09-30T08:58:41","date_gmt":"2024-09-30T12:58:41","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75750"},"modified":"2024-09-30T09:03:31","modified_gmt":"2024-09-30T13:03:31","slug":"scott-redler-fxi-37","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/09\/30\/scott-redler-fxi-37\/","title":{"rendered":"FXI Is up 37% – Here’s Where It’s Going Next"},"content":{"rendered":"

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

SPX<\/b>\u00a0futures are -8 as we see if it can hold 5690ish this week, or if they shake the tree lower. Semis lost momentum Friday and are lower today as China wants their companies to buy Huawei's new chip.<\/p>\n

But the big story is\u00a0FXI<\/b>\u00a0up another 2.5% today, putting it up over 37% on the year. I said many times that China was having its 2007-2008 moment, and I talked about accumulating FXI many times. Last week was huge if you targeted it actively. Resistance is in the $32-$33 area, but it can see $37 to $39 this year.<\/p>\n

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

TSLA<\/b>\u00a0gave us a nice buyable active sequence from $235 up to $261+. Deliveries are Tuesday, so that's important. I'll have some calls on, but I did sell my stock pre-market as it hit $262 with the market seeming vulnerable. $257ish is some active support, then $251.50 is key.<\/p>\n

MU<\/b>\u00a0gapped up post-earnings to help the semis last week. It's in that post-earnings gap. See if it gives a 5-15-30 minute low to hold a portion, or if it reclaims $107.03 to relieve pressure.<\/p>\n

NVDA<\/b>\u00a0gave a nice move from the $118 area up to $127 last Thursday and then failed to hold $121.80. This morning, there's talk China wants Huawei's new chip instead of. NVDA's. $118-$118.50 is active support. $119.26 is Friday's low. If this area fails, $115ish is key.<\/p>\n

VKTX<\/b>\u00a0was a nice trade from $50 to $70 for many. Some late November or December calls might make sense into this pullback.<\/p>\n

DASH<\/b>\u00a0was a big mover from $127ish up to $146 to get us smaller. It gets very interesting again into the $139-$140 area. Friday's low is $142.12.<\/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: Don\u2019t Fall in Love with Your Opinions<\/b><\/p>\n

Fall in love with a process that helps you succeed. Not your opinions.<\/p>\n

Some traders go into every situation with a preconceived notion about what should happen.<\/p>\n

For example, some traders are in love with a particular name.<\/p>\n

And no matter what happens in the price action, they find a way to be bullish on that stock.<\/p>\n

That\u2019s why I take an \u2018if-then\u2019 approach to trading.<\/p>\n

I have opinions like anyone else, but my respect for what the action tells me what really matters.<\/p>\n

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

We have some big earnings reports this week from PAYX<\/strong> and NKE<\/strong>, but the real focus will be all the jobs data – especially the Friday nonfarm payrolls repot.<\/p>\n

\"\"<\/p>\n

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

*Scott Redler Positions Disclosure as of 2024-09-30 at 8.20.37 AM<\/em><\/p>\n

\"\"
\n<\/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 -8 as we see if it can hold 5690ish this week, or if they shake the tree lower. Semis lost momentum Friday and are lower today as China wants their companies to buy Huawei’s new chip. But the big story is\u00a0FXI\u00a0up another 2.5% today, putting it up over 37% on the year. I said many times that China was having its 2007-2008 moment, and I talked about accumulating FXI many times. Last week was huge if you targeted it actively. Resistance is in the $32-$33 area, but it can see $37 to $39 this year. Now let’s dig into some individual names: TSLA\u00a0gave us a nice buyable active sequence from $235 up to $261+. Deliveries are Tuesday, so that’s important. I’ll have some calls on, but I did sell my stock pre-market as it hit $262 with the market seeming vulnerable. $257ish is some active support, then $251.50 is key. MU\u00a0gapped up post-earnings to help the semis last week. It’s in that post-earnings gap. See if it gives a 5-15-30 minute low to hold a portion, or if it reclaims $107.03 to relieve pressure. NVDA\u00a0gave a nice move from the $118 area up to $127 last Thursday and then failed to hold $121.80. This morning, there’s talk China wants Huawei’s new chip instead of. NVDA’s. $118-$118.50 is active support. $119.26 is Friday’s low. If this area fails, $115ish is key. VKTX\u00a0was a nice trade from $50 to $70 for many. Some late November or December calls might make sense into this pullback. DASH\u00a0was a big mover from $127ish up to $146 to get us smaller. It gets very interesting again into the $139-$140 area. Friday’s low is $142.12. 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: Don\u2019t Fall in Love with Your Opinions Fall in love with a process that helps you succeed. Not your opinions. Some traders go into every situation with a preconceived notion about what should happen. For example, some traders are in love with a particular name. And no matter what happens in the price action, they find a way to be bullish on that stock. That\u2019s why I take an \u2018if-then\u2019 approach to trading. I have opinions like anyone else, but my respect for what the action tells me what really matters. This Week’s Calendar We have some big earnings reports this week from PAYX and NKE, but the real focus will be all the jobs data – especially the Friday nonfarm payrolls repot. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-09-30 at 8.20.37 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-75750","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\/75750","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=75750"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75750\/revisions"}],"predecessor-version":[{"id":75755,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75750\/revisions\/75755"}],"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=75750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}