Pullback on the Horizon
Friday ended with a reversal bar in the market, and Sami’s expecting a pullback this week. How has this affected his open positions? And which moves does he anticipate are on the horizon? In this video, Sami explains: – How to find a reversal bar after a runup – His general rule for placing a stop – What would make him like CMRX as a long-term play – The two possible stop prices for DNN – How he’d trade a stock like MARA
Continue Reading -->Exclusive: Tesla Sentiment Collapses After Elon Musk Tweets
What’s the #1 insight from this week’s T3 Sentiment Survey?Traders are turning against Tesla (TSLA). Normally, we begin this weekly report with the SPX, but this Tesla data is so shocking we have to start with that. Tesla Sentiment COLLAPSES! Bullish sentiment on Tesla (TSLA) dropped BIG. Just 35% of surveyed traders believe Tesla will rise in the next 30 days:That’s down from 63% last week. Why is this happening? Over the weekend, Tesla CEO Elon Musk floated the idea of selling 20% of his stock.Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Do you support this?— Lorde Edge (@elonmusk) November 6, 2021 Plus, Tesla stock ripped from $851 to $1250 after earnings and traders likely started thinking “this is too much, too fast.” Look at this chart:Combine that with the Musk Tweets, and traders really turned on the stock. As we’re writing this early Monday morning, Tesla is down about $50. But stay tuned… this latest twist in the Elon Musk saga is only starting… Trader Grow More Wary of Stocks Bullish sentiment on stocks backed off a bit from last week as traders content with a tricky earnings season and ongoing concerns over the supply chain crunch, inflation, and high energy prices. Bitcoin Bulls Are BACK! Bitcoin bullishness has been rising since the October 21 Flash Crash on Binance.us. And we’re not surprised at this latest surge – Bitcoin is up over $5,000 from Saturday’s low. Traders Still Like Apple Traders still like Apple (AAPL), even though the company’s earnings report was less than stellar. However, Apple seems to have more of a supply demand than a demand problem, so the company’s prospects appear strong. Gold Still Gets No love Now this is kind of hilarious: Ttraders like gold more than Tesla… at least according to this week’s survey. Still, gold remains out of favor overall, and that’s no big surprise. Here are the major metals ETFs performance year-to-date:GLD: -4.8%GDX: +3.2%SLV: -9.0%Meanwhile, the SPY is up 25.3% and QQQ is up 27.0%. Oil Bulls Back Off Oil prices slipped over the past weeks, and so the oil bulls are backing off a bit. However, Saudi Aramco raised the official selling price of its crude oil, so we’ll see if prices surge again.Make Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. We’ll also email you survey results early on Monday mornings. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->Options In Play – Patiently Playing IWM
The IWM has not had a very eventful 2021, but that doesn’t mean there haven’t been good trade opportunities. The recent breakout is getting more attention, but the setup was also good for a volatility strategy.
Continue Reading -->Options In Play – Extended Patterns
A stock running higher can be great for your option position. But when is a big run too much, and when do you know when to be more aggressive booking gains?
Continue Reading -->IMPORTANT CUSTOMER UPDATE: Why You Should Switch to Gmail Now
ATTN: if you are not receiving emails from T3 Live, please read this article in its entirety: In recent days, a recurring issue popped up again: Yahoo!, AOL, and Hotmail are failing to deliver emails – even to paying customers that have read our emails daily for years. Many of our industry colleagues are having the same exact problem. And Yahoo!, AOL, and Hotmail refuse to help, despite complaints from thousands of users. The problem tends to come and go for weeks at a time, which is unacceptable by any standard. How to Access Your Content Please note that you may always log into your customer Portal to access your content, where it is uploaded immediately. And to ensure you get your valuable content, we recommend you switch to Gmail as soon as possible. Yes, we realize this might seem like a pain. But if you’re not getting your T3 Live emails… what else might you be missing? Many of our customers are already transitioning to Gmail, where their emails get delivered like clockwork. Setup takes a minute, and is 100% worth it, even if you only use Gmail for your financial content. Our eMail Practices, and Next Steps T3 Live takes security and privacy very seriously, and we follow industry best practices for opt outs and other issues. In plain English, we run a clean and healthy email list. And there is no reason for you to open our emails every day for years… and then suddenly stop receiving content. So please, open a Gmail account so you can continue with your services worry-free. Just make sure you contact us with your change so we can get you back focused on the market. We also urge you to interact with T3 Live emails by opening and clicking as often as possible. This will help “train” email service providers to deliver your content. And frankly, it makes sense for any email content you find valuable. Sincerely, T3 Live
Continue Reading -->Options In Play – Earnings On The Radar Week Of 11/05/21
The Tech titans have all reported but there are plenty of big names still on the calendar for this coming week. Expect another busy stretch for Tech.
Continue Reading -->How to Find the Line of Support
The market is starting the week all out bullish, and should continue to be bullish barring a break of the line of support. Sami will tell you where he thinks the lows of the market are for the week and where it could be heading. In this video, Sami explains: – His best trade from last week (and which name is looking the same) – Why it’s not too late to get in ANAB – How you can find an entry on a stock you like – Which name has a classic 1-2-3 pattern – Why he’d like to get in on HPQ
Continue Reading -->Scott Redler’s Dog Bytes: The Metaverse Begins
SPX futures are +20, giving upside follow-through to Friday’s strong close. It’s been above the 8 day for 14 sessions, giving us a great Bullish active sequence to manage. I’ll stay with it as long as it continues using my tier system. And I’ll look to take advantage of opportunities that present themselves.Now let’s dig into some of the individual names I’m watching. FB got a positive reaction to the Metaverse pivot. The symbol changes to $MVRS on December 1. It is still broken, but some caught a Red Dog Reversal long as it reclaimed the $309 pivot to see a high of $325.50. It’s hard to chase this open, but it might try and fill that gap above this week. TSLA was a huge winner for me and helped get me back to highs of the year. There have been multiple strategies since clearing the $805 area in early October. On Friday it cleared its flag pattern above $1094. I’m long and will trim some. I also have some calls sold higher, and I may add to those carefully.MSFT has had impressive action both pre and post-earnings. Keep managing the trade. It hit $331.05 Friday. I’d look to trim, not add this morning. It’s a little extended. That doesn’t mean it’s an easy short.GOOGL has been best in breed. Some active longs might be in vs. $2893. The recent all-time high pivot is $2973. See if it clears that for extra cash flow.AAPL absorbed the post-earnings weakness well Friday, giving us a cash flow opportunity. It’s flattish this morning. I might need some time. Let’s see if the $148.50 area holds.Positions Disclosure as of 12/1/2021 at 8:11 a.m. ET
Continue Reading -->T3 Sentiment Survey: Why Is Tesla Loved LESS?
Welcome to the result of our weekly sentiment survey! As a reminder, our survey measures traders’ opinions on 6 different instruments:The S&P 500BitcoinApple (AAPL)Tesla (TSLA)GoldOilWe use a 30-day time horizon to get a sense of traders’ near-term expectations for the market. This week, you’ll want to see what’s happening with Tesla (TSLA)! Scroll down to see the details… Trader Still Love Stocks The stock market’s been remarkably stable despite concerns about the Fed, interest rates, earnings season, and the global supply chain crunch. Yes, we had a scare in early October, but it didn’t last:As you can see, bullishness increased from last week, which is no surprise given the market’s strength. We went from October scare to a parabolic move straight up. The Bitcoin Love Is Back Bitcoin bullishness stabilized last week, following the October 21 Flash Crash on Binance.us. Traders Grow More Cautious After Apple Earnings Apple (AAPL) stock got roughed up on Friday after the company’s disappointing earnings report, so it’s no surprise bullishness slipped a bit from last week. Traders Love Tesla LESS Despite Record Highs Tesla (TSLA) has been RIPPING since earnings, as you can see on the chart:And the stock is actually up another $40 to $1154 on Monday morning as we write this. Yet, bullishness on Tesla is slipping. It seems like many traders believe Tesla has gone too far, too fast – which is quite common for high-octane momentum stocks. We have to wonder if this means Tesla has even MORE room to run. Because if there are doubters, that may mean the crowd is not yet “all in” on the stock. And interestingly, according to Yahoo! Finance, the average price target on Tesla is just $779. That’s $375 BELOW the current stock price. Gold Still Gets No love Gold is still the least-liked asset in our survey, and that’s no surprise. Previous metals have been some of the worst performers in 2021. Just take a look at a year-to-date chart of GLD:Here are the major metals ETFs performance year-to-date:GLD: -6.6%GDX: -12.0%SLV: -10.1%Meanwhile, the SPY is up 22.8% and QQQ is up 23.1%. Ripping Oil Stocks Keeping Traders Bullish Traders remain bullish on energy, and that’s no surprise. Crude oil is up +73% year-to-date. Plus, XLE is up +51.6% with OIH right behind at +36.5%. That makes them the top 2 performing major sector ETFs of 2021. Make Sure Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->Options In Play – Boxing Big Moves
When stocks have huge after-hours or premarket moves, it can be stressful to hold options that may have moved in the money while waiting for the market to open. Boxing can help lock in trades or reduce risk, and they are great when stocks are gapping.
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