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Brought to You By Scott Redler's Power Plays – Get My #1 Idea  Week.

We have mixed markets around the World as we try and figure out the new administration’s tariffs and fiscal policy.

SPX hit a new all-time high and backed off a little after a big run to 6100. We'll see if 6076 holds, or do they fill that gap towards 6051. Even a test of the 6010 area would be constructive.

Now let's dig into some names.

NFLX made its high in the first few minutes post earnings around $999 and grinded lower all day. $950.79 is the gap pivot. We'll see if that holds, or do they play with it today. $941 is prior high area that is worth a look if it gets more downside today.

AMZN great move for us from $220ish up thru the all-time high of $233 to see $235+ as I reduced size. I'll see if I can add some vs the $229-$231area to go red to green to keep managing my size.

META seems set up for new all-time highs but it's a little tricky at times. Some are long vs the $603 area. I have two sets of calls but I did trim some yesterday as it hit $631. It was upgraded today. We'll see how it reacts.

NVDA got us long Tuesday as it cleared the $138 area and I did reduce into $147+. Now, we see if it's buyable vs the $143 gap pivot to keep managing our size to stay with this active swing.

DASH builds a nice upper channel. Power plays and I bought this vs the $164-$166 area. Tuesday it cleared $175 and seems on its way to $225+ in 2025. The next obstacle is $181.75. It was upgraded this morning.

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*Scott Redler Positions Disclosure as of 2025-01-23 at 8.25.55 AM

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