SRPP Update: Close TSLA & XBI - T3 Live

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Power Plays Update: Close TSLA & XBI
February 3, 2025

By Scott Redler

The market is getting hit hard today as President Trump's tariff announcements rock US markets.

So I'm taking these actions for Power Plays:

Close Tesla (TSLA)
Close SPDR S&P Biotech ETF (XBI)

Both these positions go down as small losses.

We took off 1/3 of TSLA higher last week, which helped just a tiny bit.

The bull case today was that we'd have a repeat of last Monday - bad news being absorbed.

But we are not seeing that yet, and many tech leaders are being taken to the woodshed, with SPY, QQQ, and IWM all breaking their opening 30-minute lows.

We are clearly in Tactical Mode, so we'll take things one step at a time and be cautious in issuing new positions.

Stay calm out there. Markets go through ups and downs, and if you look at the major averages over the past couple of years, there were a lot of ups.

-Scott

Scott Redler Positions Disclosure as of 2025-02-03 at 10.11.20 AM

Screenshot 2025-02-03 at 10.10.32 AM

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