T3 Live
Shares

Tech Meltdown

Shares

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

We have mostly red arrows around the World as headlines about “DeepSeek” get debated.  AI optimism fueled tech for the past two years, so any disruptions and the market gets emotional. We'll see how emotional after some price discovery today.

SPX futures -140, a pretty sizable down move after a small sell signal on Friday. We did reduce some risk as the SPY did a Red Dog Reversal sell, QQQ made a lower high and NVDA gave a bearish engulfing candle on Friday to adjust. But being small could hurt as the move this morning is bigger than usual. We'll see how the market reacts this morning after discovery. 5905-5930 is pretty decent support to see if it holds.

Now let's dig into some names.

NVDA thank goodness this gave a Red Dog Reversal sell into a bearish engulfing candle to get me out of my long here. Now we see if the $126-$129 area holds. I'll see if we get a 5-15-30-60 minute pivot to try against. Take care here, it will be a fast emotional trade.

AMZN is down with the tech sell down. I do still have some from last week. Pre- market low is $219ish. We'll see if we get a 5-15-30-60 minute low to buy against and trade around it. We still have this name in Power Plays from the $224 area.

META I did buy calls when the stock was $625ish and then created a call spread as it hit $652+ on Friday. It said it's increasing cap ex as the DeepSeek debate gets loud. I will probably cover my short calls and keep the long on for earnings this week. We'll see what pivot we get this morning to use.

MSFT lagged for the past 6 months. It's down harder than other names as it put a lot of money into AI. We'll see if we get a 5-15-30 minute low to use. I'll avoid but watch. $410ish is a big support spot. Earnings are this week.

AAPL never spent a ton on AI, so it will be interesting if this goes from the most challenged Mag7 or starts to act better. $219.38 is the recent low. I'll see if I get a signal to buy to go green as I've avoided this name for the past few weeks as actively it's been an avoid since breaking $253ish. Earnings are on Thursday.

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.

This Week's Calendar

This is a huge week with the FOMC, earnings from META MSFT TSLA AAPL, and the PCE price index. Take a look:

*Scott Redler Positions Disclosure as of 2025-01-27 at 8.17.08 AM

Leave a Comment: