Blood on the Street?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. We have mostly red arrows around the world as the correction continues. Nvidia’s (NVDA) CES bounce was sold, and then the SPX lost the 8/21 day around 5960ish. Futures are -50 as we see if we make an active low in the first hour or if we see a trend down day. Higher rates are turning into a big headwind for equities, which is why I’ve been urging you to watch TLT. On Friday morning, Power Plays closed out all our longs, so we avoided the carnage this morning. You can sign up here to know when the next idea goes out. On Friday, the oscillator was -40ish, so this morning we are very oversold and it’s not the time to press shorts. Many are asking me about the BOS account. The SPX 5650ish area would be 7%+ off highs and a spot where I might put the first tier to work. We’ll see. These first two names are a big focus for me today: TSLA: the Red Dog Reversal sell around $484 feels like years ago. We then had a lower high at $465, and then the bounce into the $426 area was rejected. Selling puts the last two weeks worked a bit. I am still short $360 puts. On Friday, it showed a little relative strength and I’m looking for a signal to buy. META is tricky but could benefit from a TikTok ban, which looks like it will happen. Watch it today. Friday’s low is $597. It’s way above that. When this market finds a bottom, this might be best in breed so it should be on the radar. AMZN lost potential special status when it broke the $224 area. Now it’s only a tactical trade until the market finds its footing. $216.50 is Friday’s low. I’ll look for an opportunity this morning. The 50-day is right under. AAPL broke $257ish to get most active longs more tactical as it was super extended into late December. It broke the 8-day to confirm our tactical approach prior. I tried it into the 50-day Friday and lost money when it hit the $233 area. I’ll see if it holds above that today. 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: Focus on Execution First, Money Second If you get good at anything, the money’s going to come eventually. So focus on developing your skills and properly executing the strategies you learn. That’s what’s going to keep you in the game for the long run. Fast money leaves just as fast as it arrived. You want to develop a set of trading strategies that can give you consistent profits, no matter what’s happening in the market. Once your brain gets big, your wallet follows. This Week’s Calendar We have a busy week ahead with PPI, CPI, plus some key earnings reports from the big banks. *Scott Redler Positions Disclosure as of 2025-01-13 at 8.08.10 AM
Continue Reading -->IWM Is Still in Trouble
Sami is back after his first 2-week vacation in 10 years! Today Sami goes over Sami explains: Why IWM is in true breakdown mode The only thing that can save IWM here The reason why Sami looks for huge drops in well-established companies and the S&P 500 Why small caps are different from megacaps like Nvidia (NVDA) and Apple (AAPL) The only 2 plays Sami really likes this week A name with a bullish monthly chart A name that needs to take out a prior high A fintech name that looks “extremely bullish” His favorite airline name Last week, Sami shared how you could trade full-time in 2025 & 2026: If you’re interested in becoming a full-time trader… or at least making a full-time income from trading… I’m the best teacher to help guide you there. Just a few testimonials from beginner traders who learned from Sami This link goes to a special webinar I held with my friend and student James Young. (James has his own popular YouTube channel of 50k subs). I first taught James how to trade full-time. On this special webinar, we discussed: How did one failed apparel entrepreneur become a pro, full-time trader Sami’s steps to go from an office job to trading full-time Sami’s advice for “If you want to trade full-time in 2025 or 2026, do this now” James’ tips for a newbie trading through a down market (so you don’t get killed) How James learned his biggest lesson by losing 10k in one trade Plus, if you want live help throughout all of 2025… and get an intensive 5 day training on trading… check out the offer at the end. Check out the replay of this special session here with a pro trader,
Continue Reading -->Why Bitcoin Will Fall to $80,000
Sami Abusaad has been a long-time Bitcoin bull. But he believe the leading crypto currency will drop to $80,000. In this video, Sami goes over: The big rounding top in Bitcoin that signals a pullback Why he is bullish on prison stocks like Geo Group (GEO) Why he told traders to hold onto AngioDynamics (ANGO) The bullish case for Gold (GLD) A stock that Sami’s never heard of that has a beautiful chart And more!
Continue Reading -->Nvidia #1 – But for How Long?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. SPX futures are +30 after Friday gave us clues to put on more risk. The leaders leaders acted well and the SPX took back the 50-day. The neckline near 5832-5866 served as better support, and now we’ll see if they blow out the right shoulder with a strong close above the 6006 area. That would negate the bear case. I added NVDA to Power Plays on the open Friday after the stock regained leadership status. It’s the #1 Mag7 name to kick off the new year. And the game plan is to trim into this morning’s strength. CEO Jensen Huang is doing a keynote at CES tonight, but the stock’s already moved quite a bit. But I’ll be looking to buy weakness because I see more upside in the weeks ahead. AVGO still looks great. We highlighted it as a leader last week. And if markets continue higher, $251+ can happen in the days or weeks ahead. META had a decent close Friday. I have calls on, and it’s still a Power Plays name. Now we’ll see if it gets and stays above $611.50 to start a sequence higher. $616ish is above that. NFLX stopped out most active longs around $915 and hit a low of $877 last week. Not much to do here as it tries to figure out what’s next. It’s below the 8/21-day now, so it’s time to be tactical. I bought CCJ back after its corrective phase when gave it $51.60 to buy against. Now, we’ll see if it starts trading better. The first obstacle is to hold early gains and build. 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 2025-01-06 at 7.28.17 AM
Continue Reading -->This NVIDIA Level Is Key Right Now
LIMITED ENROLLMENT: Brought to You By Power Plays Options – Get My #1 Pick Each Week Registration closes soon. Do not miss this opportunity. We have a big divergence to start 2025. International stocks are under pressure while SPX futures are up. It will be important to see if early strength holds and builds, or if it fades. First resistance area is SPX 5929-5940. If it clears and holds, it will push the active bears back. Now let’s dig into some names: VAL finally triggered as a January effect name, so I’m glad we added it to Power Plays Options on December 30. It’s up about 2% this morning on a rise in oil prices. $46ish is some resistance. I’d look to trim and trail. NVDA has been range bound since the $149.76 Red Dog Reversal sell post-earnings. It hit $133 to close 2024. We’ll see how it reacts on Day #1 of 2025. Will early strength hold, or be sold? $138 is big resistance so keep that price on your radar. This is a key name that could affect the complexion of early 2025. AVGO showed relative strength to close 2024 so we need to see how it trades in early January. $238 is pivot resistance. $231 is big active support that I want to see remain intact. RDDT put in a small topping tail as it hit $182.20. For today, see if early strength holds or if profit takers come in. $162 is key upper support that needs to hold now. AMZN: after a big move from $202 to $233, it stopped many out as it broke below $226 to see the $218 area. For today, we’ll see if early strength gets faded or holds. See if it clears $223. LIMITED ENROLLMENT OPPORTUNITY Get Scott’s #1 options idea each week. Registration closes Sunday. Do not miss out your chance: See why now’s the right time to join. *Scott Redler Positions Disclosure as of 2025-01-02 at 7.53.59 AM
Continue Reading -->TLT Is the Boss Now
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 broke 6030 so I lightened up on position size and quantity. In Power Plays, we exited TeraWulf (WULF), Intuitive Machines (LUNR), Citigroup (C), and Apple (AAPL). Futures are flattish, and it’s 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. TLT made 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 TSLA, AMZN, META, etc. — but when it comes to market direction, rates are the boss now. Now let’s get into some names. NVDA lost 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 had 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’d be trimming. Pivot resistance is $228ish, then the post-earnings high at $251.88 could come into play. RDDT re-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 OXY as 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
Continue Reading -->Tesla And Bitcoin Can Still Work Post-Fed
Tesla (TSLA) and Bitcoin are getting hit hard after Fed Chair Jerome Powell sent a message to the market that interest rates will stay higher for longer. But David Prince says these names can still work. He shares the levels he’s looking for as a trader in this video: David also covers: Where he likes Nvidia (NVDA) How he’s adjusting his strategy to focus on higher quality names Why and where he would be a buyer of Advanced Micro Devices (AMD) Why inflation matters again to the market And more! Want to work with David? Apply to join the Inner Circle here!
Continue Reading -->I Like DJT – And It Has NOTHING to Do With Politics
Sami is all about the charts… and one of his favorite charts right now is that of DJT! Sami explains why: He believes Trump Media & Technology Group (DJT) is going to $45 The bull case for controversial dating stock Grinder (GRND)0 Why he DOES NOT care about politics or business models when picking stocks (it’s all about the charts) Why Upwork (UPWK) looks bullish Why is long the dollar stores like Five Below (FIVE) The bull case for Micron (MU) into earnings How he is managing his Zoom (ZM) position Roku’s (ROKU) excellent long-term outlook His favorite China plays right now And MORE! As you can see in this chart, DJT is “curling up” the way Sami likes to see:
Continue Reading -->Scott Redler Likes These Beaten-Down Dogs
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. Scott Redler appeared on ‘The Claman Countdown’ on Fox Business to discuss the market environment into the December 18 Fed Rate decision. Scott goes over: The problem with chasing performance in stocks like Tesla (TSLA) after huge post-election moves (a name Scott just exited in Power Plays) The 2024 progression of rotation that led to the Mag7 stocks taking over again Why traders don’t want to take profits on the leaders in December Why he’s eyeballing the Dow Jones Industrial Average The beaten-down stocks he likes right now 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 2024-12-18 at 8.01.26 AM
Continue Reading -->Is CELH the Next “Big Comeback” Stock?
Sami Abusaad is back with this week’s swing trade game plan! Sami explains: Why uptrend is intact The one thing that could take the QQQ down What makes SPY different from QQQ Why IWM is such a head-scratcher right now The bullish case for CELH, which could be Sami’s next big comeback stock The reason Sami is breaking his rule with FIVE Why PYPL and ROKU are strong long-term plays 5 names Sami thinks will drop
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