{"id":76626,"date":"2024-12-12T09:46:28","date_gmt":"2024-12-12T14:46:28","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=76626"},"modified":"2024-12-12T09:47:49","modified_gmt":"2024-12-12T14:47:49","slug":"scott-redler-tesla-500","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/","title":{"rendered":"Tesla $500? My Opinion…"},"content":{"rendered":"

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

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

Welcome to the latest edition of Dog Bytes!<\/b><\/p>\n

SPX<\/b>\u00a0futures are down -13 following today's PPI report and a big post-CPI rally yesterday.<\/p>\n

It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference.<\/p>\n

ADBE<\/b>\u00a0is down 10% after earnings while\u00a0AVGO<\/b>\u00a0reports after the close.<\/p>\n

There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0the Power Plays newsletter ($99 for 1 year)<\/a><\/span>\u00a0<\/b>the past few months.<\/p>\n

But let's talk about the big topic today…<\/p>\n

TSLA<\/b>\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible — we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we're clear — I would not be looking to get short.<\/p>\n

SMH<\/b>\u00a0remains challenged. Every time it's about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0AVGO<\/b>\u00a0reports after the close.<\/p>\n

NVDA<\/b>\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better.<\/p>\n

PLTR<\/b>\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It's looser and wider. Short-term, $68 needs to hold.<\/p>\n

RDDT<\/b>\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good.<\/p>\n

CCJ<\/b>\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do.<\/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

*Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM<\/em><\/p>\n

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

Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX\u00a0futures are down -13 following today’s PPI report and a big post-CPI rally yesterday. It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference. ADBE\u00a0is down 10% after earnings while\u00a0AVGO\u00a0reports after the close. There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0the Power Plays newsletter ($99 for 1 year)\u00a0the past few months. But let’s talk about the big topic today… TSLA\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible — we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we’re clear — I would not be looking to get short. SMH\u00a0remains challenged. Every time it’s about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0AVGO\u00a0reports after the close. NVDA\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better. PLTR\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It’s looser and wider. Short-term, $68 needs to hold. RDDT\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good. CCJ\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do. 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. *Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM<\/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-76626","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\/76626","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=76626"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/76626\/revisions"}],"predecessor-version":[{"id":76630,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/76626\/revisions\/76630"}],"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=76626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=76626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=76626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}