Category Archives for Sami Abusaad
The Nasty Gaps Look Good
The market bounced hard on Friday. But is the bull back? On Sunday night, Sami explained the easy way to tell, before Monday’s big rally. Sami goes over: How the bulls can take back control (which did happen, making Sami’s analysis even more important) His favorite long ideas right now Several names with big gaps down that look bullish A solar name that looks ready to shine (sorry for this pun) An ecommerce stock with a beautiful daily chart setup 4 short setups that look great today And MORE!
Continue Reading -->Getting Extended: Is A Pullback Ahead?
Sami Abusaad says the market has become a bit extended after breaking out. He says if prices break below Thursday’s low, expect a pullback toward the breakout area and the rising 20-day moving average: Sami goes over: The 1-2-3 pattern in COMM The weekly buy setup in GOSS Two casino names on his swing watchlist The “very bullish” monthly chart on TSLA Why U looks headed for $100 Where he would short RBLX And more! Key Takeaways: Stick to short-term trading until there’s clarity. Watch Thursday’s low for direction — below it suggests near-term weakness. If support holds and a strong bounce occurs, bullish bias continues.
Continue Reading -->Bear Get Beaten Back: Those Big Red Bars Mean Nothing Now
In this week’s breakdown, Sami Abusaad reviews the major indices — and how he’s positioning onto the end of October. After a quick breakdown, the market reclaimed its 20-day moving average and pushed back into the upper third of the range. Sami notes that “the trend usually wins out.” And the trend looks up. Sami also goes over: Why he’s leaning mildly bullish, expecting the market to drift higher into month-end unless new weakness proves otherwise Why the monthly chart will be important when the October bar is completed An early-stage base breakout that’s “different from most charts out there,” showing promise if it continues to build strengt A long opportunity in Walmart (WMT), which recently broke out to all-time highs The bullish action in Tesla (TSLA) after it negated its big red bar Where Target (TGT) turns into an attractive long swing idea Potential long entries in ELBM, LU, and XERS The reason he’s cautious about pressing shorts right now 4 Key Takeaways: Market trend remains up, but follow-through into month-end will confirm strength. Focus on long setups showing relative strength and clean technical bases. Keep an eye on weak names like Caesars (CZR) and Under Armour (UAA) for potential short plays if momentum flips. Patience matters — Sam expects more momentum after month-end, not before.
Continue Reading -->We Topped Out. And It’s Russell’s Fault.
Sami Abusaad argues the market got exhausted and is topped out. And it’s the Russell 2000’s fault. Sami also explains: Why Friday’s big red candle was so hard to predict The power of a daily chart that just keeps grinding up The Russell 2000’s role in creating the recent market top Why it’s so hard to find good shorts after Friday’s action A biotech name with big upside potential Why the China names might bounce after Monday A hot quantum computing name that is about to pull in And more!
Continue Reading -->These 3 Hot Tech Stocks Are About to Drop Hard
Traders are always asking “is this the market top?” Sami shows his methodology for knowing whether the market has topped out, along with his favorite swing ideas. Which includes shorts in the red-hot storage stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) Sami shares: Why he NEVER tries to pick a top when the daily chart is grinding higher Why last week was not the top A 2-bar pattern that can confirm a top Levels in SPY, QQQ, and IWM you need to watch right now Why Altice (ATUS) has a beautiful monthly chart An AI play giving a secondary entry Why Roku (ROKU) looks like it’s going higher A hot natural gas name that is setting up as a short An AI stock that just went parabolic The problem with storage stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) And MORE!
Continue Reading -->The Bitcoin Danger Signal
The major indices just put in a buy setup – but that doesn’t mean it’s “all systems” go for buyers. Sami argues Bitcoin is signaling potential danger ahead. Sami also goes over: Why Bitcoin is at risk of a short-term pullback, and the level you need to watch How Bitcoin can “infect” the equity markets What a “normal” long-term top looks like His next big China name after a grand slam with Alibaba (BABA) Where is looking to get in Bitmine Immersion Technologies (BMNR) A quantum stock that put in a climactic sell setup Why there is more downside ahead in leaders Western Digital (WDC), Sandisk (SNDK), and Seagate (STX Want to get to know Sami better? Check out this interview:
Continue Reading -->This Market Is Incredibly Bullish – But Extended
Sami Abusaad says this market remains “incredibly bullish”… but a little bit extended: Sami goes over: What levels to watch for a pullback on SPY and QQQ The bullish setup on AUPH and why it has plenty of room The 1 2 3 buy setup on ELAN The underwear company that looks like it’s gearing up for a breakout The Monthly Transition A pattern on MTCH – Sami’s favorite pattern! The weekly chart sell setup on BAX A list of names he’s watching to short on a climactic top And more!
Continue Reading -->7 Trading Lessons from Sami Abusaad
Want to go from zero-to-pro trader with Sami’s help? Check out the Pristine Mentorship now. Sami Abusaad just appeared on our new podcast “The T3 Alpha Show” to fill us in on his fascinating journey from non-English speaking immigrant to honor student to big 4 CPA to top professional trader: Here are 7 trading lessons we took away from this in-depth interview: 1. Trading Isn’t a Game (But It Should Feel Like One) Sami was a great accountant. But his heart wasn’t in it. It was too rigid and too boring. Trading, on the other hand, was what he was looking for. He loves the daily grind of analyzing charts and risking capital, and that’s a big part of why he’s so good at it. You have to find something you love so much that the work doesn’t feel like work. 2. Get in the Zone Ever heard of a “flow state”? It’s when you’re so focused on what you’re doing that everything else melts away. For Sami, that’s what trading is all about. He’s locked in, fully immersed, and totally concentrated. It’s the complete opposite of the typical trader stereotype – hot-tempered with zero attention span. In fact, when Sami is at his best, he isn’t even thinking. He’s FEELING. 3. The Big Picture Trumps the Details When Sami looks at a chart, he sees a picture, not a bunch of numbers. He flips through them at warp speed, almost like a slideshow, and he can tell if a chart is a good one instantly. He doesn’t get caught up in the tiny little details because he trusts his gut and his years of experience. A setup is good, or it’s not. And for Sami, it’s just like seeing a piece of art. He knows that he likes at a glance. If he looks at a chart for more than a few seconds, it’s trash. 4. It’s a Mix of Nature and Nurture Sami believes anyone can learn to trade, but to be a superstar, you need some natural talent. He credits his analytical mind and innate knack for pattern recognition with his success. But natural talent is never enough. The best traders work hard and love what they do. So, some of it is in your genes, but you still need to work hard and grind. 5. You Can Bounce Back from Big Losses Sami’s friend James “Rich” Young (they teach the Pristine Mentorship together) spent $40,000 on education before things clicked clicked. And Sami himself lost $65,000 at the start of his career before getting on the track to long-term success. So a rough start doesn’t mean you’re a failure. Keep learning and keep getting better. Don’t let yourself get cocky, because the market will humble you. 6. Don’t Put All Your Eggs in One Basket Sami’s friend has a single strategy that she’s used to become a great trader. But Sami warns that relying on just one approach can be a trap. The market changes all the time, and a strategy that works today might not work tomorrow. A smart trader is always adapting and has multiple tools in their toolbox. Yes, you should always max out whatever’s working now. But never assume it will last forever. 7. Let the Computers Do the Boring Stuff Sami is very tech-savvy. He traded Bitcoin back in 2012, before 99.9% of the population ever heard of it. He’s even developed his own algo that automates a lot of his trades. He picks the stocks and sets the rules, and the computer handles the rest. He sees a future where AI handles the routine tasks, freeing up traders to focus on big decisions. But he’s not ready to hand over complete control just yet. He still wants to be in the driver’s seat. Want to make Sami your personal trading mentor? Check this out now.
Continue Reading -->The #1 Sector Right Now
Sami Abusaad is cautious on the market. But there is one sector he likes right now… along with a beaten-down EV name that is not named Tesla (TSLA). Sami goes over: Sami explains: The #1 sector that looks most bullish right now Why Sami started this week bearish The reason SPY and QQQ could see their August 1 lows A left-for-dead EV name (not Tesla) that might be ready for a breakout A large-cap biotech name with a beautiful daily buy setup Why he likes the monthly and weekly charts in Wheels Up Experience (UP) A beaten-down tech name that looks ready to rebound Multiple short ideas that can work into the big Jackson Hole meeting And more!
Continue Reading -->Why Pullback Risk is High Right Now
Sami Abusaad argues that the market is at risk of a pullback right now: Sami goes over: The exact levels in SPY and QQQ that could signal a broader pullback for the market Why IWM looks messy after its recent rally attempt Why it’s hard to pick a top when the market is grinding up A crypto miner with strong upside potential Why Gartner (IT) might rally after its huge gap down What’s so bullish about gold and silver right now, and the miner he is targeting The bullish trend in solar names Another China name that is setting up for a big long-term move The bear case for Coinbase (COIN) And more!
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