SRPP Exiting AMZN, Adjusting U - July 10, 2023

Power Plays - Exiting AMZN, Adjusting U

July 10, 2023

By Scott Redler

Tech looks like it's getting hit with a sell program, extending the weakness we saw late Friday.

So I want to take two actions.

First, we are going to exit Amazon (AMZN) from Power Plays. I thought it would act better in the near-term but it's getting choppy and I'd rather step aside.

If you are looking to be long Amazon into earnings, I would go with options because the risk is the premium paid.

I'm also going to give Unity Software (U) a bit more room than previously. Now, I'm looking for it to hold the $34.50 to $38.50 area.

Stay tuned for more updates.

-Scott

Scott Redler Positions Disclosure as of 2023-07-10 at 10.12.30 AM

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