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Red Dog’s New Dogs: NTNX, BSTI, SOGO
Many people think all I trade and watch is big cap tech, but nothing could be further from the truth. I have a lot of tech names on my regular Go To List, but I’m always on the lookout for new names to add to my radar screen. Nutanix (NTNX) is name that just came back on my radar screen. In today’s Redler All-Acccess Morning Note, I said “NTNX still looks good. It’s getting tight. The bulls want a strong move above $57.40.” And as you can see on my chart, I said the next real level to clear is $60:As you can see on the 5 minute chart, NTNX broke through $57.40 with authority and then cleared $60. Wow! Best Inc. (BSTI) is another new name for me. I bought some yesterday and will consider adding on a very strong close above the $13.25 area. Sogou (SOGO) is another interesting name I nibbled on. I would get to know it, because it has a shot at working its way back to the post-IPO highs around the $14.70 area. P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration. And it’s going down live.
Continue Reading -->Scott Redler: What Could Trigger More Upside in TSLA This Week?
Tesla (TSLA) has been a real battleground stock. It had a big day on volume, clearing $301 and then the $310 area to see $330ish. If it can hold $313ish this week and close above the $324.50 area, perhaps it can see more upside this week. On Friday, the SPX absorbed a lower open and closed near the highs. This week, as long as we hold 2750ish, the active bulls stay in control for the possibility of clearing 2779 to test the 2800 area. Tech took a few days off after a big move. As long as the QQQ’s hold the $173 area, it seems constructive with the potential for higher prices. Let’s see if the F.A.N.G. names hold Friday’s lows, and if they perk up. P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration. And it’s going down live: Learn About the Active Trader Summit.
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Scott Redler Tracks IQ’s Major Breakout Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high This Trader Averaged $1,170/Day in Profit Doing Something He Loves And more! So check out these links right now and get up to speed! 1) Scott Redler Tracks IQ’s Major Breakout (T3 Live)Always watch for new names to add to your Go To List, especially hot new and recent issues that give us lots of movement. Watch the Video -> 2) U.S. first-quarter growth trimmed on weak consumer spending (Reuters)U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years, but activity is already picking up against the backdrop of a tightening labor market and tax cuts. Read the Article -> 3) Stocks Rally as Fading Italy Woes Sink Treasuries: Markets Wrap (Bloomberg)Stocks rose along with Treasury yields as investors deemed the market reaction to Italy’s political turmoil overwrought. The dollar slipped and oil rose. Read the Article 4) This Trader Averaged $1,170/Day in Profit Doing Something He Loves (T3 Live)Sami Abusaad can tell you he’s a real trader. But he’s going to let the numbers do the talking. Watch the Video -> 5) Bill Gross’ flagship fund cratered as Italy’s political turmoil rocked global markets (Business Insider)Bill Gross’ Janus Henderson Global Unconstrained Bond Fund cratered on Tuesday as the political turmoil in Italy sparked a sharp sell-off in the country’s bonds and sent investors rushing into safer debt. Read the Article -> 6) Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high (CNBC)Consumer Reports said Wednesday it now recommends the TeslaModel 3, reversing an earlier decision over the car’s long stopping distance and other issues. Read the Article -> 7) Is the 18-Year Cycle Giving Traders Whiplash? (T3 Live)Given the parallels with 2000, being agile with positions and opinions will pay dividends. Watch the Video -> 8)Amazon begins nationwide expansion of Whole Foods discounts for Prime members (TechCrunch)Amazon introduced 10 percent savings at Whole Foods for Prime members earlier this month, and today it kicked off a nationwide expansion of the initiative. Read the Article -> 9) Why Banks Were Looking Bearish Before the Italy Scare (T3 Live)Rob Smith points out that bearish setups were already in place for the banks BEFORE the Italy catalyst. Read the Article -> 10) Why I Don’t Read Books (Dan Lok)Entrepreneur Dan Lok has an unusual take on reading books:
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Why We Got Long BOX Last Week Is the dollar rally going further? Chartists think so How to Stay in the Game, Even When You’re Down And more! So check out these links right now and get up to speed! 1) Why We Got Long BOX Last Week (T3 Live)Jeff Cooper captures a fast swing trade profit in a hot momentum stock. Watch the Video -> 2) Oil Jumps, Treasury Yield Tops 3% as Stocks Climb (Bloomberg)Oil rallied after President Donald Trump’s decision to walk away from a nuclear deal with Iran, while the dollar slipped and 10-year Treasury yields topped 3 percent ahead of a key bond auction. Read the Article -> 3) Is the dollar rally going further? Chartists think so (Reuters)Enter your text here… Read the Article 4) How to Stay in the Game, Even When You’re Down (T3 Live)We all experience adversity. How you handle it separates the winners from those who never succeed. Watch the Video -> 5) Lawyers Don’t Understand How Buybacks Work (A Wealth of Common Sense)Enter your text here… Read the Article -> 6) What is Walmart’s global plan? (CNN Money)Walmart is revamping its global strategy.On Wednesday, Walmart announced it would pay around $16 billion for a majority stake in Flipkart, India’s largest online retailer. Read the Article -> 7) How a Pro Options Trader Manages an Open Position (T3 Live)Entries are easy. Trade management is where the real money is made. Watch the Video -> 8) Tech investor Chamath Palihapitiya: I’m a Warren Buffett ‘disciple,’ but he’s wrong about bitcoin (T3 Live)Billionaire investor Warren Buffett is wrong about bitcoin, tech venture capitalist Chamath Palihapitiya said Wednesday. Read the Article -> 9) Identifying “Exhaustion Risk” For a Short Sale Opportunity (T3 Live)Rob Smith walks through a trade in LGIH so you can learn to identify “exhaustion risk.” Watch the Video -> 10) Top 20 Motivation Tips (Zen Habits)This article is a list of tips and tricks that, if used in combination, are a nearly sure way to achieve your goals. Watch the Video ->
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Trapped in Aerospace: How to Spot a Violent CounterreactionThe market has been dead all year — here’s the only thing that’s working Trading Twitter, Literally a Tweet at a Time Part III And more!So check out these links right now and get up to speed:1) Trapped in Aerospace: How to Spot a Violent Counterreaction (T3 Live)Rob’s demonstrates how to find a specific pattern that leads to profitable follow through. When one side of the market is “trapped” a violent move in the opposite direction occurs. Read the Article -> 2) U.S. Stocks Sag After Fed Report; Oil Rallies (Bloomberg)U.S. stocks fell to their lowest in a week and the dollar jumped as investors assessed the Federal Reserve’s signal that it’s in no rush to raise rates even as inflation rises to its target. Read the Article -> 3) Trading Twitter, Literally a Tweet at a Time Part III (T3 Live)Scott Redler documents a Twitter (TWTR) trade for 3 straight days… using nothing but Tweets! Watch the Video -> 4) The market has been dead all year — here’s the only thing that’s working (CNBC)Investors are still huddling in the same high-growth technology names like FANG stocks with the S&P 500 roughly flat so far this yearing on the SPX daily chart. Read the Article -> 5) This crucial bitcoin group is an unexpected source of rising futures trading volume (MarketWatch)When the Cboe Global Markets Inc., and the CME Grop Inc., separately launched bitcoin futures within weeks of each other in December, advocates of digital currencies had hoped it would lead to a surge in interest. Now, five months removed and volumes have begun to tick higher. Read the Article -> 6) Sneak a Peak at a Top Trader’s REAL P&L Statement (T3 Live)Sami Abusaad is a great teacher. And his P&L shows that he’s an even better trader. Watch the Video -> 7) EU will not negotiate US tariffs under threat (Reuters)European Commission President Jean-Claude Juncker said on Wednesday the European Union will not accept threats in talks with the United States to secure a permanent exemption from U.S. import tariffs on steel and aluminum. Read the Article -> 8) Tesla reports smaller loss than expected (Business Insider)JC Parets sits down with Rick Bensignor to discuss a behavioral approach to investing. Read the Article -> 9) Russia’s greatest Ponzi mastermind is dead, but his legacy lives on in the crypto world (WSJ) This quarter could mark the highest profit margins in FactSet’s data history. Read the Article -> 10) Legendary Investment Banker Richard Jenrette Left These 24 Rules for Success (Bloomberg)Richard Jenrette, who co-founded the investment bank Donaldson, Lufkin & Jenrette in 1959, spent four decades on Wall Street. When he died last week from complications of cancer at the age of 89, he left behind on his desk 24 rules to succeed — in finance, and in life. Read the Article ->
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like: Why I’m Betting Against the Tesla Rebound Right NowOil Surges to Three-Year High as Middle East Tensions IntensifyHow Clarity in Price Action Leads to Victory And more!So check out these links right now and get up to speed:1) Why I’m Betting Against the Tesla Rebound Right Now (T3 Live)On Friday, we identified $314 as important resistance for Tesla (TSLA). It hasn’t make it there, but there is still a good short setup right here, right now. Read the Article -> 2) Oil Surges to Three-Year High as Middle East Tensions Intensify (Bloomberg)Crude in London and New York are at the highest levels since 2014 after U.S. President Donald Trump warned Russia to “get ready” for U.S. missiles to be fired at Syria and Saudi Arabia intercepted a missile over Riyadh. Read the Article -> 3) Goldman Sachs gets even more bullish on high-flyer Netflix, predicting big subscriber gains (CNBC)Investors should buy Netflix shares into its earnings report next week even after its stunning gains this year, according to Goldman Sachs. Read the Article -> 4) A Holy Grail Setup Is Forming on the SPX (T3 Live)Jeff Cooper identifies the Holy Grail Setup forming on the SPX daily chart. Watch the Video -> 5) Weak Inflation Data Push Gold Prices To Session Highs (Kitco)Gold prices pushed to session highs after U.S. inflation data came in weaker than expected. Read the Article -> 6) How Clarity in Price Action Leads to Victory (T3 Live)In this video lesson, Rob shows you how to give price action a clear structure so you have a template for winning trade setups. Watch the Video -> 7) Zuckerberg Faces House in Second Day of Facebook Testimony (The Wall Street Journal)Facebook CEO Mark Zuckerberg testifies before lawmakers on Capitol Hill Wednesday morning. Read the Article -> 8) Scott Redler Talks Trading with JC Parets of Technical Analysis Radio (T3 Live)Scott Redler sits down for a wide-ranging conversation about trading. Listen to the Podcast -> 9) Industry Analysts Project 16% Price Increase for S&P 500 Over the Next 12 Months (FactSet)Analysts are very bullish on stocks. Read the Article -> 10) 6 Ways to Get Motivated When You Feel Lazy (Lifehack)Let’s face it: even though bragging about how lazy you are on the Internet is for some reason constantly applauded, you can’t be lazy your whole life. Read the Article ->
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:How the Stars Aligned for Today’s Power RallyBreaking Down JP Morgan’s Crash Call on TeslaRecord-High Increase in S&P 500 EPS Estimates for Q1 and CY 2018 And more!So check out these links right now and get up to speed:1) How the Stars Aligned for Today’s Power Rally (T3 Live)In today’s video lesson, Rob Smith shows the simple, but powerful pattern that revealed the big rally from this afternoon. THIS is a tool you need in your arsenal. Read the Article -> 2) China’s Counterpunch to Trump’s Tariffs Sparks Global Selloff (Bloomberg)Tit-for-tat tariff threats from the U.S. and China ignited fears that a trade war is beginning between the world’s two largest economies, sinking U.S. stocks. Read the Article -> 3) Art Cashin: Wall Street hopes tariff threats are an ‘opening ploy’ to negotiations (CNBC)all Street hopes the tariff threats between the United States and China are nothing more than tough talk followed by negotiations, closely followed trader Art Cashin told CNBC on Wednesday. Read the Article -> 4) Why the Semiconductors Control the Market Right Now (T3 Live)SMH, the Semiconductor ETF, carved out its largest monthly reversal since 2000. This is what it means for traders. Read the Article -> 5) Gold Prices Off Highs But Holding Gains Following Drop In ISM Service Sector Data (Kitco)Although gold is off its session highs, the market continues to hold on to modest gains following a drop in sentiment within the service sector. Read the Article -> 6) Breaking Down JP Morgan’s Crash Call on Tesla (T3 Live)JP Morgan recommended a very unusual options strategy for Tesla. Does it make any sense? Read the Article -> 7) Facebook CEO stops short of extending European privacy globally (Reuters)Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday that he agreed “in spirit” with a strict new European Union law on data privacy but stopped short of committing to it as the standard for the social network across the world. Read the Article -> 8) Monday’s Simultaneous Break, and How to Trade It (T3 Live)Rob Smith breaks down a powerful signal that frequently occurs on the first day of the week. Read the Article -> 9) Record-High Increase in S&P 500 EPS Estimates for Q1 and CY 2018 (FactSet)During the first quarter, analysts increased earnings estimates for companies in the S&P 500 for the quarter. Read the Article -> 10) 3 Morning Routines of Highly Effective People (Inc.)What do Benjamin Franklin, Tony Robbins and Jack Dorsey have in common? Read the Article ->
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Putting the Pieces Together for a Big ShortFANG stocks’ bite has U.S. fund managers looking for alternativesVolatility Is Back, and That’s a Beautiful ThingAnd more!So check out these links right now and get up to speed:1) Putting the Pieces Together for a Big Short (T3 Live)Top trader Jeff Cooper explains how to put together a big short position with the help of the “plus one, minus two” strategy. Read the Article -> 2) FANG stocks’ bite has U.S. fund managers looking for alternatives (Reuters)Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries. Read the Article -> 3) Tesla’s plunge could be ‘self-fulfilling’ prophecy for further declines, Morgan Stanley warns (CNBC)Tesla must quickly improve its Model 3 production rate if it wants to raise critically needed funds from investors at a decent price, according to Morgan Stanley. Read the Article -> 4) What’s Next for Best in Breed Amazon (T3 Live)Scott Redler identifies the key levels you need to watch in best in breed technology stock Amazon. Read the Article -> 5) Interview with Options Guru Jon Najarian (All Star Charts)JC Parets sits down with expert options trader Jon Najarian to discuss the higher volatility regime in US stocks. Read the Article -> 6) Volatility Is Back, and That’s a Beautiful Thing (T3 Live)In this lesson Jeff Cooper shows us 3 simple steps to bank big winners as the stock market is tanking. Read the Article -> 7) Trump hates Amazon, not Facebook (Axios)Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. Watch the Video -> 8) Why There Could Be Blood in the Street (T3 Live)Jeff Cooper argues that we could be in the eye of a stock market hurricane. Read the Article -> 9) Do Mega Deals Actually Benefit Shareholders? (FactSet)The full results show that on average over both the six-month and one-year post-completion horizons, buyers are underperforming the S&P 500 by a wide margin. Read the Article -> 10) 20 Quick Tips for Becoming More Productive (Inc.)Want to become a more productive person? Try implementing one or all of these tips. Read the Article ->
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The Power of the 1-2-3 Continuation BuyWall Street flat as oil offsets Facebook’s drop; Fed move awaitedFB Gets Destroyed, All Day LongAnd more!So check out these links right now and get up to speed:1) The Power of the 1-2-3 Continuation Buy (T3 Live)This simple pattern works like crazy. You can see the results for yourself. Read the Article -> 2) Wall Street flat as oil offsets Facebook’s drop; Fed move awaited (Reuters)U.S. stocks were little changed on Wednesday, ahead of an expected Federal Reserve interest rate hike, as weakness in Facebook’s shares (FB.O) for a third day were countered by gains in energy stocks. Read the Article -> 3) Facebook CEO Mark Zuckerberg Will Speak About Data Crisis in Next 24 Hours (Bloomberg)Facebook Inc. Chief Executive Officer Mark Zuckerberg plans to speak up shortly to address a barrage of criticism for the social-media company’s handling of the private data of millions of users. Read the Article -> 4) How to Combine Strong Technical Patterns with Incorrectly Priced Options (T3 Live)The Options in Play team used multiple analysis methods to nail this winning trade in CERN. Read the Article -> 5) Interview with NYSE Floor Governor Jay Woods (All Star Charts)JC Parets sits down with NYSE market maker Jay Woods to discuss war stories from the floor and a whole lot more! Read the Article -> 6) How to Bank Big Winners, Even When the Market’s Tanking (T3 Live)In this lesson Jeff Cooper shows us 3 simple steps to bank big winners as the stock market is tanking. Read the Article -> 7) Stock market: Guard against too much confidence in Russell 2000 high (USA Today)Guarding against irrational exuberance is critical right now. That’s because the stock market’s strong recovery from its early February drop has fooled investors into thinking the bull market is invincible. Watch the Video -> 8) FB Gets Destroyed, All Day Long (T3 Live)Rob Smith uses the Quant Edge method to break down multiple trade opportunities in this controversial stock. Read the Article -> 9) UK earnings growing at fastest rate in more than two years (The Guardian)Higher interest rates from the Bank of England have moved a decisive step closer after the latest official figures showed earnings growing at their fastest rate in more than two years. Read the Article -> 10) The World Is Getting Better. Here’s the Proof. (World Economic Forum)Bill and Melinda Gates are optimistic about the future, and they think you should be, too. Read the Article ->
Continue Reading -->How Patterns Within Patterns Identify Explosive Moves | Jeff Cooper
Jeff Cooper’s Daily Market Report In this lesson Jeff reviews a recent trade setup he gave his subscribers of the Daily Market Report in NKTR. Jeff outlines his “plus one minus two” buy pattern. See why trading pullbacks after a range expansion is one of Jeff’s favorite patterns.Get Jeff’s all-new home-study course Hit & Run Trading 2.0 for free when you start a 30 day trial for just $47.50>> Hit & Run 2.0 Home-Study Course << Get 30 Days of the Daily Market Report Best-Selling author Jeff Cooper
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