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Scott Redler’s Dog Bytes: Talking Tech

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Welcome to Scott Redler's Dog Bytes, which gives you a selection of insights from Scott's Redler Report newsletter.

We have mixed markets around the world as the taper debate continues after Friday's hot jobs report. Pandemic numbers are still rising to keep the push/pull in place. I believe the taper starts in December, not September. Europe is flattish while has Asia small green arrows.

SPX futures are -9. Bitcoin has had a fantastic run from July 20 while gold and silver have taken it on the chin. As long as SPX holds the 4408-4429 area this week, it's hard to get too bearish.

I'm putting a tighter leash on AAPL. It felt very lethargic last week. I'm still long and will see if it can hold the $145 area. Those less active might give it to $142.55ish. I still think $150 gets cleared in the weeks ahead. A close above $147 with power would help that happen, but I'm a little more cautious.

AMZN isn't really finding many buyers after an underwhelming earnings report and no stock split. It did try to fill some of the gap, but there’s been no power. The longer it stays below $3391, the bigger the chance it breaks below the $3299 area. I'll keep an eye on it, but I need to see something different to get involved.

NVDA had a choppy move back near the highs. Some are long vs. the $192 area. Now we’ll see if it can hold $202 to make an attempt to clear $207-$208.75 for another new all-time high trade.

Positions Disclosure as of 8/9/2021 at 7:43 a.m. ET