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All posts by Scott Redler

Tech Meltdown

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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

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After A Big Move

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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. 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 2025-01-23 at 8.25.55 AM

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Netflix Earnings Are Next

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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 post-inauguration day.  SPX futures were up 18 as I trimmed some longs around 7:00 as it feels like things can be erratic and change. So far we did get a flood of executive orders, the market is most focused on tariffs. As of now Trump warned of 25% tariffs on Mexico and Canada as of 2/1. Markets have to distinguish between what’s real and what’s the Art Of The Deal. Now let’s dig into some names. NFLX reports today after the close. It was a very strong name in 2024 that did correct from $941 down to $823ish. I’m not playing prior with options but will see after. How it responds could be important for risk, the $915 area is some resistance as well. TSLA gets the benefit of the doubt as Elon is high up the Trump ladder. It’s also above the 8/21-day. I did trim some up $9 this morning and I’ll try and hold some to see how the week plays out. $439.74 is Friday’s high to see how it reacts there. AAPL so far is the worst Mag7 name in 2025 but also ramped up into year-end 2024. First sell signal was $257 then $253 when it broke the 8 day. Last week it held the 100 day near $229 and then got rejected at the 8 day. Friday’s bounce was sold, there was no reason to be in this actively. It was downgraded and had poor China sales. See if it stays below $228ish. If so it can be worth a look at the 200 day near $222. AMZN looks better than most Mag7 names as it’s above the 8/21day. I’m long and did trim some. I’ll see how much of today’s gap holds, or not. $226ish is one key, then $229 the ATH area. We have this name in Power Plays. ONON continues to show leadership and is a current Power Plays name. I have stock and options from the base near the $55 area. It hit $59+ Friday to manage. I’d think new all time highs are possible in the sessions ahead. 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 Q4 earnings season continues this week, the biggest name reporting is NFLX after the close today *Scott Redler Positions Disclosure as of 2025-01-121 at 8.14.42 AM

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Blood on the Street?

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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  

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Nvidia #1 – But for How Long?

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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

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This NVIDIA Level Is Key Right Now

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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

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TLT Is the Boss Now

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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  

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Scott Redler Likes These Beaten-Down Dogs

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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  

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Tesla $600? Too Soon to Say?

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Brought to You By Scott Redler’s Power Plays – Get My #1 Idea  Week. SPX futures are +15 handles as we kick off Fed week. We’ll see if SPX holds the 6030 area to consolidate for one more move up into year-end. Tech led the charge over the past few weeks. QQQ hit a high of $533 after the wedge pattern triggered above $511+. We’ll see if the 8-day holds as we look for new setups. $524 is support. It’s been a great run for the Mag7 (minus NVDA), which is why I’m glad we focused on AAPL, META, TSLA, and AMZN in Power Plays over the past month. Unfortunately, I did some profit-taking early, but we can’t be perfect on everything. TSLA was my #1 focus pre and post-election. And it’s the #3 SPX name in December with a 26% gain. There were so many awesome setups and it’s at $440+ this morning. I’d trim and trail. It’s hard to buy it today, but that doesn’t mean it’s an easy short. It can see $550-$600 next year so I’m looking for opportunities to reload. SMH is trying to get out of the danger zone. AVGO responded well to earnings. Some are optimistic about MU this week. SMH needs to hold $246ish, otherwise back towards $237-$238 it can go. NVDA has been lagging. And ever since the Red Dog Reversal sell post-earnings, it’s just been a range trade. Watch $131.80-$132.50. If that doesn’t hold, it might bring out sellers. AMD gave a tactical Red Dog Reversal at $127.07 last week and got negated fast. I’d avoid it. Since we are approaching year-end, the January effect is a big part of my strategy. The January Effect is when beaten down stocks and sectors rally into year-end after tax-loss selling gets exhausted, and sentiment gets extremely negative. In recent years, the January Effect has started earlier and earlier due to trader anticipation. Three of my favorite January Effect names this year are CELH, OXY, and VAL. Just be aware that you never know if/when these types of names wake up, so you have to watch your sizing carefully. 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 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. Remember the Brexit or the 2016 US Presidential election? The news headlines said the world would end. The price action said otherwise — and the price action was right. Doomsday will hit sooner or later — but allow the market to tell us when. That’s why in Power Plays, we hunt for opportunities using trend analysis. This Week’s Calendar We have a busy week ahead with the Fed Rate Decision, Retail Sales, GDP, and more P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-12-16 at 8.05.56 AM

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Tesla $500? My Opinion…

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Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX futures are down -13 following today’s PPI report and a big post-CPI rally yesterday. It seems like a 25bp rate cut for 12/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference. ADBE is down 10% after earnings while AVGO reports after the close. There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in the Power Plays newsletter ($99 for 1 year) the past few months. But let’s talk about the big topic today… TSLA has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible — we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we’re clear — I would not be looking to get short. SMH remains challenged. Every time it’s about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long. AVGO reports after the close. NVDA reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better. PLTR had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It’s looser and wider. Short-term, $68 needs to hold. RDDT rebuilt fast after a high of $180. As long as this holds $152ish, it looks good. CCJ broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do. 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 2024-12-12 at 9.45.53 AM

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