{"id":75790,"date":"2024-10-07T08:50:17","date_gmt":"2024-10-07T12:50:17","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75790"},"modified":"2024-10-07T08:50:32","modified_gmt":"2024-10-07T12:50:32","slug":"scott-redler-dip-buy-names","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/10\/07\/scott-redler-dip-buy-names\/","title":{"rendered":"My 2 Favorite Dip Buy Names"},"content":{"rendered":"

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

SPX<\/strong> futures are -30 as Fed expectations needed to change after Friday's jobs report. Markets went from 72bps of cuts down to 50bps of cuts, so the market needs to prove it can absorb that.<\/p>\n

QQQ<\/strong>: a few key names caught downgrades this morning as we see if tech can stay constructive. QQQ need to hold the $482 area. Otherwise, it gets sloppier.<\/p>\n

Now let's dig into some individual names, starting with 2 dip buying candidates:<\/p>\n

DASH<\/strong> has been a great focus and Power Play<\/strong><\/a><\/span> from the $128 area. It's had multiple upgrades and hit a high of $146+ to reduce. It's a little extended, but I will look to buy dips as this name can be a leader for months to come. I\u2019d think $141 is a good opportunity if it can see it.<\/p>\n

RDDT<\/strong> is still building a huge base from the IPO. The last time it tried to break out, it failed. It has a decent base now. I am long vs. the $62 area and added through the $70 area on Friday. I'd stay with this and buy dips as it seems on its way to the old $74-$76 resistance area, then $85+.<\/p>\n

TSLA<\/strong>: Let's hope the Robotaxi event isn't as overhyped as the deliveries number which turned into a buying opportunity. $237 is the recent low. It's not down much on the cautious Barron's article. Maybe it goes red to green and tries to clear $250.<\/p>\n

NVDA<\/strong> isn't leading but gives us targeted trades. Today we'll see if it can hold $121.90 and try to go green. I'm long stock and calls for Friday. $125.02 is pivot resistance.<\/p>\n

AVGO<\/strong>: Some were long vs. $165. Now it needs to hold $171ish. It can be the first semi to make new highs on the year again.<\/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: Tune Out the Noise<\/b><\/p>\n

The most productive part of my trading day is when I sit at my desk, turn on my music, and start checking charts.<\/p>\n

The TV is off, and I\u2019m not talking to other traders.<\/p>\n

I\u2019m left alone with the price action, which is what we need to focus on.<\/p>\n

If you are serious about becoming a successful technician and trader, set aside some time to tune out the noise and just drill down on your charts.<\/p>\n

You may be surprised at how differently you operate when you\u2019re not distracted by headlines and chatter with other traders.<\/p>\n

Don\u2019t assume you are immune to the influence of outside forces.<\/p>\n

Many technical analysts fail because they ignore their own analysis as soon as they hear a conflicting message from the outside.<\/p>\n

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

It's a huge week with CPI, bank earnings, plus the Tesla & AMD events.<\/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 2024-10-07 at 7.44.44 AM<\/em><\/p>\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 futures are -30 as Fed expectations needed to change after Friday’s jobs report. Markets went from 72bps of cuts down to 50bps of cuts, so the market needs to prove it can absorb that. QQQ: a few key names caught downgrades this morning as we see if tech can stay constructive. QQQ need to hold the $482 area. Otherwise, it gets sloppier. Now let’s dig into some individual names, starting with 2 dip buying candidates: DASH has been a great focus and Power Play from the $128 area. It’s had multiple upgrades and hit a high of $146+ to reduce. It’s a little extended, but I will look to buy dips as this name can be a leader for months to come. I\u2019d think $141 is a good opportunity if it can see it. RDDT is still building a huge base from the IPO. The last time it tried to break out, it failed. It has a decent base now. I am long vs. the $62 area and added through the $70 area on Friday. I’d stay with this and buy dips as it seems on its way to the old $74-$76 resistance area, then $85+. TSLA: Let’s hope the Robotaxi event isn’t as overhyped as the deliveries number which turned into a buying opportunity. $237 is the recent low. It’s not down much on the cautious Barron’s article. Maybe it goes red to green and tries to clear $250. NVDA isn’t leading but gives us targeted trades. Today we’ll see if it can hold $121.90 and try to go green. I’m long stock and calls for Friday. $125.02 is pivot resistance. AVGO: Some were long vs. $165. Now it needs to hold $171ish. It can be the first semi to make new highs on the year again. 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: Tune Out the Noise The most productive part of my trading day is when I sit at my desk, turn on my music, and start checking charts. The TV is off, and I\u2019m not talking to other traders. I\u2019m left alone with the price action, which is what we need to focus on. If you are serious about becoming a successful technician and trader, set aside some time to tune out the noise and just drill down on your charts. You may be surprised at how differently you operate when you\u2019re not distracted by headlines and chatter with other traders. Don\u2019t assume you are immune to the influence of outside forces. Many technical analysts fail because they ignore their own analysis as soon as they hear a conflicting message from the outside. This Week’s Calendar It’s a huge week with CPI, bank earnings, plus the Tesla & AMD events. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-07 at 7.44.44 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-75790","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\/75790","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=75790"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75790\/revisions"}],"predecessor-version":[{"id":75793,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75790\/revisions\/75793"}],"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=75790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}