{"id":76661,"date":"2024-12-23T09:33:10","date_gmt":"2024-12-23T14:33:10","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=76661"},"modified":"2024-12-23T09:33:10","modified_gmt":"2024-12-23T14:33:10","slug":"scott-redler-tlt","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/12\/23\/scott-redler-tlt\/","title":{"rendered":"TLT Is the Boss Now"},"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

Last Wednesday, the trade changed when the Fed gave a hawkish spin on next year, with 50bps of expect cuts vs. the 100 the market wanted.<\/p>\n

SPX<\/b>\u00a0broke 6030 so I lightened up on position size and quantity.<\/p>\n

In Power Plays, we exited<\/a><\/strong><\/span> TeraWulf<\/b>\u00a0(WULF),\u00a0Intuitive Machines<\/b>\u00a0(LUNR),\u00a0Citigroup<\/b>\u00a0(C), and\u00a0Apple<\/b>\u00a0(AAPL).<\/p>\n

Futures are flattish, and it\u2019s hard to tell what will happen this week.<\/p>\n

I'm watching rates very closely because that's what dictating sentiment. Equity markets don't like when the 10-year yield makes new highs.\u00a0TLT<\/b>\u00a0made a low of $87.50 last week. If it can hold above that this week, we have a shot at a bounce. If it breaks, we could be in trouble.<\/p>\n

So put that on your screen and watch it closely.<\/p>\n

Yes, we'll keep tracking names like\u00a0TSLA<\/b>,\u00a0AMZN<\/b>,\u00a0META<\/b>, etc. — but when it comes to market direction, rates are the boss now.<\/p>\n

Now let's get into some names.<\/p>\n

NVDA<\/b>\u00a0lost special status with the Red Dog Reversal on earnings day around the $149.76 pivot. We've had some range trades, but that's all. Friday, it didn't make a new weekly low and rallied hard. I did take some long vs. $126.80. I'll trim and see if it builds.<\/p>\n

AVGO<\/b>\u00a0had a gap-and-go post-earnings and went to a high of $251+. Swing longs want it to hold $211ish. It was upgraded today. I\u2019d be trimming. Pivot resistance is $228ish, then the post-earnings high at $251.88 could come into play.<\/p>\n

RDDT<\/b>\u00a0re-built fast as it was one of the few stocks that held the 8-day. Some are long vs. the $157 area. We'll see if any high-growth stocks can make new highs this week. If so, this is a candidate. The first step is getting and staying above $174. Then $181 comes into play.<\/p>\n

I started buying\u00a0OXY<\/b>\u00a0as a January Effect play a little early. News that Buffett added helped. I'd think it has room back to the $50 area or higher.<\/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 2024-12-23 at 9.32.29 AM<\/p>\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. Last Wednesday, the trade changed when the Fed gave a hawkish spin on next year, with 50bps of expect cuts vs. the 100 the market wanted. SPX\u00a0broke 6030 so I lightened up on position size and quantity. In Power Plays, we exited TeraWulf\u00a0(WULF),\u00a0Intuitive Machines\u00a0(LUNR),\u00a0Citigroup\u00a0(C), and\u00a0Apple\u00a0(AAPL). Futures are flattish, and it\u2019s hard to tell what will happen this week. I’m watching rates very closely because that’s what dictating sentiment. Equity markets don’t like when the 10-year yield makes new highs.\u00a0TLT\u00a0made a low of $87.50 last week. If it can hold above that this week, we have a shot at a bounce. If it breaks, we could be in trouble. So put that on your screen and watch it closely. Yes, we’ll keep tracking names like\u00a0TSLA,\u00a0AMZN,\u00a0META, etc. — but when it comes to market direction, rates are the boss now. Now let’s get into some names. NVDA\u00a0lost special status with the Red Dog Reversal on earnings day around the $149.76 pivot. We’ve had some range trades, but that’s all. Friday, it didn’t make a new weekly low and rallied hard. I did take some long vs. $126.80. I’ll trim and see if it builds. AVGO\u00a0had a gap-and-go post-earnings and went to a high of $251+. Swing longs want it to hold $211ish. It was upgraded today. I\u2019d be trimming. Pivot resistance is $228ish, then the post-earnings high at $251.88 could come into play. RDDT\u00a0re-built fast as it was one of the few stocks that held the 8-day. Some are long vs. the $157 area. We’ll see if any high-growth stocks can make new highs this week. If so, this is a candidate. The first step is getting and staying above $174. Then $181 comes into play. I started buying\u00a0OXY\u00a0as a January Effect play a little early. News that Buffett added helped. I’d think it has room back to the $50 area or higher. 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 2024-12-23 at 9.32.29 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-76661","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\/76661","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=76661"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/76661\/revisions"}],"predecessor-version":[{"id":76666,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/76661\/revisions\/76666"}],"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=76661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=76661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=76661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}