Will Nvidia Get “Medieval” On Us? Why JR Romero Still LOVES This Stock
When Nvidia (NVDA) was at $132 last week, JR Romero predicted a “Biblical” Rally. But will it get “Medieval” on us? JR answers in this new video: Watch and learn about: What made Nvidia’s chart so powerful How the idea got confirmed How JR is analyzing the stock into the overhead supply If he still thinks the stock is going to $200 His new short-term target What makes Advanced Micro Devices (AMD) different from Nvidia (but good in its own right) By the way, did you know that Nvidia, while up huge this year, is NOT the #1 name in the SPX? See the rankings:
Continue Reading -->Why Apple and Meta Are Leading
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. On December 3, 2024, Scott appeared on ‘The Claman Countdown” on Fox Business, alongside Natixis’ Jack Janasiewicz: Watch the latest video at foxbusiness.com Scott went over: Why traders have become numb to geopolitical headlines Why there has been a “flight to quality” towards Mag7 names like Apple (AAPL) & Meta (META) – both current ideas in Power Plays The reason people are not selling Mag7 stocks into year-end Which names are likely to lead into year-end How Scott finds new ideas amid the market’s constant rotations How the “Fed put” is supporting the market Why the “Goldilocks” theme is winning right now The power of market timing when it comes to creating alpha Featured: Get 1 Year of Scott’s Top Ideas 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 one: See why now’s the right time to join. *Scott Redler Positions Disclosure as of 2024-12-04 at 7.56.58 AM
Continue Reading -->David Prince’s Favorite AI Stock… That’s Not Nvidia
David Prince’s current favorite AI play isn’t Nvidia (NVDA). Ahead of Nvidia’s earnings report last month, he was focused on Astera Labs (ALAB) for a sympathy play. David explains why he liked ALAB then and where the stock is headed from here: David also covers: When he sees Nvidia (NVDA) hitting $150 Whether Tesla (TSLA) can continue to lead in 2025 Why he likes Amazon (AMZN) here His market expectations for December And more! Want to work with David? Apply to join the Inner Circle here! Here’s a chart showing how much ALAB has outperformed NVDA as of late:
Continue Reading -->I Chose THIS Bitcoin Play
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are flat and off the lows as we see if we can hold 5984 this week to keep upper commitment to this active sequence which started on September 11. Each week has a different feel. It’s a new month so we should get some new flows to keep upper levels intact. Markets are pricing in a 65% chance of one more 25 bps cut on 12/18, so this Friday’s jobs report will be important. We still get some news/developments out of the incoming President. Mexico/Canada tariff risks seem reduced, and the BRIC countries will stay with the US Dollar. Now let’s dig into strategy points for this week. Bitcoin became my #1 theme on October 11. It had a beautiful move from $62Kish to $99k+. We participated along the way in Power Plays via multiple names. On Friday, I added Bitcoin miner TeraWulf (WULF) back to Power Plays. Stanley Druckenmiller just upped his stake. And as long as it holds the $6 to $6.40, there could be very big upside in this one. So you can call me “RED WULF” this week, as long as this stock holds up of course! TSLA re-built nicely last week and perked up Friday. I did get long shares again and went with $360 calls. It was upgraded this morning with more FSD rollout talk. We’ll see if early strength builds. AAPL: I’ve been buying dips the past few weeks as it re-built and worked higher. On Friday, it cleared $235 to see $237.81. It seems like this can rally into year-end. $233 needs to hold. CCJ is the best-in-breed uranium play for institutions. The 50-day was buyable into the $50-$52 area and it hit $61ish. It needed to let the 8-day catch up and $57.11 held. We’ll see if it tries for new highs again. Keep this on your radar. 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. Your Tip for This Week: Don’t Try to Fix Monday’s Losses on Tuesday Every day is a fresh start. As traders, we must maximize the opportunities that are in front of us in the present moment. Forget about what happened yesterday, and don’t obsess over what may happen tomorrow. Let’s say you have a bad Monday. Don’t come in on Tuesday thinking you have to make up for it. You won’t be able to manage risk because you’ll be trading out of desperation. We all have rough stretches. But if we follow our principles and enter every day with a plan, our good days will outweigh the bad. Just take it one day at a time. On the flip side, if you make a fortune on Tuesday, don’t get lazy on Wednesday! Stick to your plan and make the most out of what you see. There’s no reason you can’t do better tomorrow. This Week’s Calendar The jobs report this week is key because there is some uncertainty over the Fed’s rate cut trajectory. And tech names CRM and MRVL will be closely watched as well. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-12-02 at 7.56.58 AM
Continue Reading -->I Bought Nvidia – Because a “Biblical” Rally Is Coming
On September 25, JR issued a $200 price target on Nvidia (NVDA). And while the stock has stumbled since earnings, he is still bullish, expecting the stock to rally in “Biblical Fashion.” According to JR, every technical indicator is lining up in bullish fashion. So he expects the stock to resolve much higher — and fast… precisely when everyone seems to have turned cautious on the stock. That’s why he said $132 was the time to buy. Of course, only time will tell if Nvidia hits his $200 target price. By the way, did you know that Nvidia is now the second best performing stock in the QQQ ETF this year? It’s far behind Applovin (APP).
Continue Reading -->20 Tips for Trading Success
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. It’s not easy to succeed as a trader. But it’s also not impossible. Regardless of style, the most successful traders tended to have a common set of mentalities, philosophies, and behaviors. And by the same token, struggling traders tend to suffer from their own common issues. So I wrote this article to help you identify holes in your game, and help you become a happier, more productive trader. As you read it, you’re going to realize that trading success is not just about technical analysis and intelligence. Your lifestyle, routines, and thinking process matter a lot. 1. Have a Plan I follow a strict set of risk management principles so I keep moving in the right direction. I respect key moving averages, pay close attention to the big trends, and keep losing trades in check. And, most importantly, I enter every day with a plan. When the market opens, I have a list of stocks I’m ready to buy or sell at specific levels depending on what I see. This way, I’m ready to react instead of hoping to stumble onto opportunities. 2. Create a Daily Routine You Enjoy The number one thing traders waste time and energy doing is… figuring out how to use their time and energy. Create a daily routine that keeps you happy and productive. For me, that includes everything from jumping in my ice barrel to doing my morning charts to checking on my Power Plays names. There’s nothing less exciting than a schedule. But the more I plan out my day ahead of time, the easier it is to concentrate on the market and get things done. Distractions kill your profits. So kill distractions with a routine! 3. Take a Blue Collar Mentality Trading isn’t about turning on your screens and swinging for the fences each day. It’s about hitting singles and doubles. Success comes from showing up and doing the work every day, the same way carpenters, ironworkers, and plumbers put together a building. For traders, this includes forming an effective trading plan, observing the market, and aiming for consistent profits. I’ve seen a lot of traders search and search and search for some kind of secret sauce. Hard, steady work is the closest thing to it. 4. Don’t Try to Fix Monday’s Losses on Tuesday Every day is a fresh start. As traders, we must maximize the opportunities that are in front of us in the present moment. Forget about what happened yesterday, and don’t obsess over what may happen tomorrow. Let’s say you have a bad Monday. Don’t come in on Tuesday thinking you have to make up for it. You won’t be able to manage risk because you’ll be trading out of desperation. We all have rough stretches. But if we follow our principles and enter every day with a plan, our good days will outweigh the bad. Just take it one day at a time. On the flip side, if you make a fortune on Tuesday, don’t get lazy on Wednesday! Stick to your plan and make the most out of what you see. There’s no reason you can’t do better tomorrow. 5. When Things Go Wrong, Get Small Trading is a lot like poker. You can prepare and study for years to get an edge over the house. But sometimes, you just get dealt a bad hand and there’s nothing you can do about it. We all find ourselves on losing streaks from time to time. What matters is how we pick ourselves up. If you’re in a rut, trade smaller and focus on just getting profitable again. This way, you can rebuild your confidence without digging an even bigger hole. One thing you must never do is up your bets after you’re down. That’s how you go from 5% down to 20% down to 50% down. 6. Keep an Even Keel I don’t know what’s worse: having too much confidence or not enough. So don’t go overboard celebrating your trading wins. We want winning to be a normal day at the office — not special occasions that are so rare they’re worth celebrating! And don’t go overboard crying over your losses, because underconfidence will prevent you from executing on the good opportunities. You have to accept that losing is part of the game. Just make sure you lose small, and use those bad trades to figure out what you can improve for next time. If you learn from your losses, you’re at least getting something out of them. 7. Use Technicals – Not News Headlines and Economic Statistics – As Your Guide to the Markets I earn my living trading, so price is the only thing that really matters. The news flow and macro trends are important, but not as much as actual market movement. Be aware of what’s going on in the world. Just take it all with a grain of salt. We make money by riding price movements — not by being trying to be ‘right’ about politics and the economy. If you read the news, you’ll always find a reason to sell. Like inflation or the debt ceiling or the election or geopolitics or whatever. The reality is the market can go up on bad news, and down on good news. Doomsday will happen sooner or later — but let the market tell you when. 8. Know Your Time Frame If you’re a short-term trader, you have to know your levels, what sectors are doing, and what’s on the calendar each day. But if you’re a long-term investor in a 401(k) or 529 plan, just keep those funds pumping in every month. So for each type of account or portfolio you have — short-term, long-term, aggressive, conservative, etc. — let your time frame guide your pace of activity. Be active and tactical with your short-term money, and slow and steady for long-term wealth building. In my short-term trading
Continue Reading -->I’m Bullish on ARKK… Again!
Sami Abusaad argues that the market is a bit sloppy — but his bias is still bullish. Sami goes over: Why Bitcoin does not have a lot of room to fall Why he loves ARKK so much even after buying it twice The bull cases for fintech plays UPST and PYPL SBUX‘s strong technical pattern since its big gap up By the way, have you seen how strong ARKK has been in Q3? It’s up over 19%! And here are how well it’s individual holdings have done:
Continue Reading -->Bitcoin $100,000? Let’s Talk About It
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. The Bitcoin Boom has been the biggest story in the market. It’s been a major focus in the Power Plays newsletter since September 26, when I added IBIT as a position. I later added Microstrategy (MSTR) and Terawulf (WULF) as Power Plays ideas, both of which were good to us. On October 4, when Bitcoin was around $62,000 I told my Power Plays subscribers Bitcoin could hit $85,000 or higher. And on October 11, I started talking about “The Bitcoin Turkey Trot” — a huge rally into Thanksgiving. Well… we got it! On October 14, in a free blog post anyone could read, I said Bitcoin could hit $100,000+. And today, it hit a high of $99,543. This move came way faster than I expected — not that I’m complaining. So, what now? Well, I still see potential for Bitcoin to hit $100,000 to $150,000 over the next 6 months. Adoption by institutional money managers is just beginning, and of course, it helps to have friends in the White House. There are also some simple technical analysis lessons to learn here. First, you want to ride strong trends above the 8 & 21 day moving averages: Note: Power Plays is down to a 25% position in IBIT – that’s the only crypto name in Power Plays right now. Since we’re on the topic of technicals, let’s talk about another big crypto story – the Microstrategy (MSTR) meltdown. Yes, I love when stocks, ETFs, and cryptos are trending over the 8 & 21 day moving averages. But when things get extreme, you want to hit the brakes. Like with Microstrategy yesterday. When you see a stock trading 25% above the 8 day moving average, things are getting out of control! I wanted to get short Microstrategy stock because it felt like Super Micro (SMCI) back in March. Bu there was a problem — like most crypto-related stocks, Microstrategy is heavily shorted: If Bitcoin had exploded to $105,000 to $110,000 yesterday (not an unrealistic scenario), Microstrategy could have squeezed up to $700 or $800. So I took a different route than shorting MSTR itself. I bought the Defiance Daily Target 2X Short MSTR ETF (SMST) in the premarket. This is a double short ETF on MSTR. So if MSTR falls 5%, this is targeted to rise 10%. And I traded around it into strength. I wanted to treat SMST like an option. So if MSTR kept rallying, I could lose 50% on the trade. But at least I knew what I was risking. So to wrap up this lesson, remember 2 things: Ride trends over the 8/21 day moving average – do not fight them When a stock gets overextended over the 8 day, be very careful 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 2024-11-22 at 11.35.38 AM
Continue Reading -->This Is My New Twilio
Twilio (TWLO) is a MASSIVE hit in Sami’s Strategic Swing Trader newsletter. (see the chart below) And he named Fiverr (FVRR) as his “new Twilio” in today’s video: Sami goes over: Why Fiverr’s weekly and monthly charts look so good The unique parallel with Twilio The bull case for stocks Vimeo (VMEO), VNET (VNET), and Talkspace (TALK). One stock he wants to short here And here’s the TWLO chart showing Sami’s entries. This chart looked so good that he added on the way up
Continue Reading -->What David Prince Expects For Nvidia Earnings
Nvidia (NVDA) reports earnings after the market close on Wednesday with analysts expecting over $33 billion in revenue. David Prince explains why the setup isn’t great for calls into the print and how he plans to react once the report is out: David also covers: How Nvidia’s report may impact the broader semiconductor space Why Nvidia is no longer the market leader Whether Tesla (TSLA) is overbought Why his thesis has changed on XBI And more! Want to work with David? Apply to join the Inner Circle here!
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