Amazon Is on Breakout Watch
This week’s watchlist video is here! Jump in and find out: The issue with IWM (even though it’s bullish) Why Amazon (AMZN) could break out soon Why the market is all-out bullish Where money could rotate The pharma name which could skyrocket And more!
Continue Reading -->Options In Play – MU And The Earnings Ramp
MU played out nicely for a ramp into the report. Now comes the tricky part when the company actually turns in results.
Continue Reading -->Options In Play – Being Smart With AMD
We’ve all had situations where we lose money on a stock and then try to make it all back with the next trade. That’s not a good way to approach trading, but it also doesn’t mean you have to exit just to recover losses.
Continue Reading -->Options In Play – Riding Rotation In Tech
Don’t fight the trend. You hear it all the time but the words are wise. That is why we are focusing on bullish patterns in Tech right now.
Continue Reading -->Don’t Get Hurt with Opinions – Scott Redler Joins Alpha Trading
When the market started to look shaky last year, Scott founded the 6:30 Club, a way to connect with traders outside of his usual service. Now some are wondering about the current state of the market, but Scott remains unconcerned. Instead, he’s telling other traders to not get hurt with opinions. Just focus on the technicals. Find out what else Scott is looking at now in this episode of the Alpha Trader podcast. In this episode, Scott explains: Which news he pays attention to as a technical trader Where he sees a battle being waged on Bitcoin How he uses the 8 and 21-day moving averages to know when to buy Why he doesn’t think we’re at an extreme yet The small- and mid-cap names he’s bought recently
Continue Reading -->Scott Redler’s Dog Bytes: Big Tech Watch
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. SPX futures are flattish. A day or two of digestion would be good with active support at 4271, then 4257. Pivot resistance is 4286. The second quarter ends Wednesday, so there might be some markups and markdowns. Know what you’re in and why as our Portfolio Approach has worked GREAT since the May double bottom. QQQ broke above the wedge pattern to hit $351.46. We navigated it very well. Now we’ll see if $348.85 holds to make it easier to massage our Portfolio Approach. FB: I sold as it hit $344.90+ from my buy in the $330 area. I’ll see if it holds the $340 area for potentially another opportunity through $344.90 in a session or so. TSLA: I caught a big move from $615 as it cleared $631 to hit a high of $697. Some news of a software recall brought it in a bit with a low of $667.61. Maybe there’s a dip to buy vs. a 5-15-30 minute low. I’m short puts, and will look to buy the stock with a signal. BABA calls were a great pickup for $2.50 last week when the stock was around $209. I sold half the options for around $7+ and held the rest as it hit a high of $230.25. I’ll trim a bit more. Now, we’ll see if it holds $225ish to set up and go again Want updates on names like these plus 30+ more? Scroll down… Positions Disclosure as of 6/28/2021 at 8:48 a.m. ET
Continue Reading -->I’m Bullish… but I Have Issues
This week’s watchlist video is here! Jump in and find out: Why Sami’s bullish, even with the risk of a pullback Why AAPL and MSFT are important The reason SNAP looks good Why BIIB could get hit
Continue Reading -->Options In Play – Managing Trades When On Vacation
It’s that time of year when traders take vacation. What do you do when you have a few open positions?
Continue Reading -->Options In Play – On The Hunt For IV Expansion Plays
While a lot of stocks have acted great recently, there are still plenty that haven’t moved. In addition, some of those are historically volatile and could be setting up for implied volatility expansion plays.
Continue Reading -->Options In Play – Summer Trading Setups
We have had some great action throughout June, but historically, this can be a slower month. With little news scheduled this week and next, you need to make sure that you don’t get caught up in summer trading.
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