Power Plays Update: Thoughts on the Market

February 15, 2023

By Scott Redler

I wanted to chime in with a quick update so you can see how I'm reading the market.

Yesterday, I came very close to adding two new Power Plays, but I decided to pull them because of the predatory action.

And that's a good thing because both would be down already.

Yields are going higher because of the hot retail sales and CPI data.

And there is risk that SPY heads to $408.44 support.

So I'd rather be cleaning up loose longs than adding new names.

As I've told you many times, I don't want to throw names at you just for the sake of it.

One of the biggest mistakes you can make is buy stocks just for the sake of it.

So let's take it day-by-day until we find optimal opportunities.

Stay tuned for more updates.


Scott Redler Positions Disclosure as of 2023-02-15 at 10.11.40 AM