Category Archives for Sami Abusaad
Trading the Pre-Election Market
Over the past few weeks, the market has been bearish up to a double top, but the selloff from that top hasn’t been very bearish. Find out where Sami thinks the market is heading over the next few weeks. In this video, Sami explains: – Why CROX and LB look similar – Where to find daily buy setups in CONE and FSKR – How to identify a Transition A in TRXC – Where to set a target for XTNT – Which stocks to watch for setups on Monday
Continue Reading -->When Will the Market Turn Bullish?
The market has continued downtrending on the daily chart and Sami remains bearish. But there are two points that it could hit this week that would determine if the downtrend will end or if there are lower prices to come. In this video, Sami explains: – Which setup was triggered in GLD – Why he likes EXEL as a long term trade – What a 1 2 3 setup means for OMI – Why TXG looks so bullish – Which downtrending stock might be going bankrupt
Continue Reading -->How Far Will the Market Fall?
QQQ has been bearish since it topped out, but the pattern isn’t very tight. Find out what will signal the monthly chart dropping to the 20 MA and where you can expect the market to go next. In this video, Sami explains: – How you can predict whether the market will gap up or down – Which upcoming events could sway the market direction – What data he relies on to determine where the market is going – Why he doesn’t think it’s a good idea to buy gold right now – What he likes best about small-cap stocks
Continue Reading -->Is the Market Officially Bearish?
Last week ended with a big selloff for the market and it’s a little uncertain what this week will look like. Sami explains where he thinks the market is heading this week and what you can do to prepare. In this video, Sami explains: – What will indicate the market going back to bullish – Which stock ignited the selloff – Where he is placing targets for QQQ and SPY – When OMI could become very bullish – Why TUP is his least favorite long play
Continue Reading -->Is QQQ Pulling Back or Breaking Out?
A daily chart for QQQ shows that the index is very extended and is due for a pullback. But an hourly chart makes it look like it will break out. Find out where Sami thinks the market is headed. In this video, Sami explains: – What has to happen to expect a breakdown for QQQ – How a climactic top will improve trading – Why he predicts that GLD will continue back up – Where he expects BLDP to go after a climactic top – How to find a Transition A Breakout
Continue Reading -->Why TSLA Could Turn the Market Bearish
Every market indicator looks higher for this week, but TSLA recently went climactic and AAPL is close. Both companies can have a major effect on the direction of the market. See how Sami is planning to trade both names this week. In this video, Sami explains: – Which stocks he will take short if TSLA is hit – Why he likes AKTS as a long term trade – Where CLDR will trigger as a long – Which chart he’s watching for SDGR – When he plans to take CVNA short
Continue Reading -->How a Double Top Predicts Market Movement
QQQ recently had a double top on the daily chart. The last time this pattern happened, it pulled back right afterward, but Sami think that it may continue to be bullish. Find out what you need to watch to determine the market trend. In this video, Sami explains: – What Sami got right about GLD last week – Where USO may eventually break out – When to enter ARWR as a core trade – Why you should be careful with DRTT – Which setup can be found in SIGA
Continue Reading -->Where Money is Moving This Week
Money has started moving out of tech and biotech stocks and into more defensive names such as banks and small caps. Find out which names you should be paying attention to this week. In this video, Sami explains: – Where to find topping tails in NEW and PBYI – What surprised him about USO – Why he doesn’t usually trust ADRs – Where to set a target for WDC – Which name was his best day trade from Friday
Continue Reading -->What You Missed About Friday’s Candle
On Friday, the market put in a trend day – the most bullish type of day you can get. However, Sami does not change his strategies based on a single bar alone. See what Sami needs to see before he buys into a real trend change. Then, see this week’s swing trading watchlist, which includes names like WATT, APHA, BITA, and KDP.
Continue Reading -->Finding a Pullback in the Market
The past two times that Sami has shorted the QQQ, he’s had to give it all back later. But he didn’t short on the recent pullback and regretted it. Find out what to do when you think the market has hit a top. In this video, Sami explains: – What could happen if the market takes out last week’s lows – Where to set targets for a market pullback – Why SPY looks different from QQQ – Where to place a stop for CANF – Which oil stock Sami expects to move higher
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