Options In Play – When to Pay Up for a Swing and When Not To
2 Mondays in a row we have had a big pop on a stock that were we planning on initiating a trade on. The question is – when does it make sense to pay up and stick with the idea, when is it better to hold off?
Continue Reading -->Options In Play – Earnings On The Radar Week Of 11/8
The Tech titans may have already reported but we still have a big lineup of volatile names. Expect a busy stretch for Energy, Biotech and Software this week.
Continue Reading -->QQQ Power!
Master trader Sami Abusaad takes a look at current market conditions, and unveils the names on his watch list this week. In this video, Sami explains What to expect when a stock hits a new high How to avoid getting shaken out on fast names like AMZN Why URBN looks better on longer-term charts than EXPR What MAT and NUVA have in common How he finds his entries, stops and targets
Continue Reading -->Strategic Swing Trader: My Earnings List and Predictions for 10/29 AMC – 10/30 BMO
Strategic Swing Trader: My Earnings List and Predictions for 10/29 AMC – 10/30 BMO Multiple stocks are reporting earnings within the next 24 hours. Master trader Sami Abusaad takes a look at who’s reporting after market close today and before the open tomorrow, and explains which ones he’ll play. In this video, Sami shows you: Why he’s passing on TUP Why he no longer likes ENPH When he likes to play bullish stocks short Why he is playing more bearish stocks than bullish stocks Why ATEN looks better on a daily chart than weekly or monthly
Continue Reading -->Options In Play – Earnings On The Radar Week Of 11/1
It’s the earnings bonanza round 2. This coming week will be as busy, if not potentially more, than this past week, with huge reports in tech.
Continue Reading -->MSFT: When Good News Follows Strong Technicals
Microsoft (MSFT) had strong earnings last Wednesday, which set up a run to new record highs. Let’s go through the action. I got long Thursday, and added to my position Friday for a swing. And today, the stock gapped up to new all-time highs after the company won a $10 billion contract with the Pentagon, beating out Amazon (AMZN). I sold a big portion between $144.50-$145.50 and now I’m in management mode. Let’s go through the technicals that led us into the good news. First, the stock did a Red Dog Reversal long ahead of earnings on Wednesday — following 4 down days for the stock. That RDR was at $136.26. Then, on Thursday, the stock gapped up after earnings and held. Friday was another nice upday that gave me more confidence in the move. And today, the stock gapped up huge on the Pentagon news. It flew past that trendline at $141.80ish like it wasn’t even there to hit a new all-time high at $145.67. Here’s a bigger view of the chart: This shows you an important lesson: when you get the technicals right, the news tends to flow in your favor. Positions Disclosure: As of 10/28/2019 at 1:25 p.m. ET, Scott J. Redler was long SPY, BAC, MSFT, UBER, PINS, SNAP, LYFT, SLV calls, BYND calls, GOOGL calls; is short AAPL, JPM calls
Continue Reading -->5 Pretty Stocks, 5 Ugly Stocks
What to buy… what to sell? That’s what traders always want to know, and Sami’s here with answers. In this video, Sami explains: Why SPY looks bullish despite a hit on Friday Why he would like to play MGI, but won’t Where energy stocks are heading What he calls the “ultimate sign of bullishness” Why he’s looking to get back in QQQ Why EW, LTHM and MNK are on his buy list Why DO, HPQ and JELD are on his sell list This is the swing trading game plan you need. Will you take it?
Continue Reading -->Options in Play – How to Calculate the Priced-in Move
It’s earnings season and everyone wants to know what stocks are pricing in. There is a simple way to figure it out that doesn’t require a ton of math.
Continue Reading -->Options in Play – Try to Plan Ahead
One of the great things about earnings season is that there is a lineup of news on the calendar for you to see. Having companies confirm the date of their earnings release gives you the opportunity to build a plan, and it is one of my favorite ways to design trades.
Continue Reading -->AMZN: From the Go-To List to the A-Squad
Every morning, I post my Go-To List in the Redler All-Access newsletter. It’s a core list of 10-15 names I’m always watching for possible entries. Here’s an excerpt from Tuesday’s Note: AMZN had been lagging for months, but when it does move, it can be very rewarding. Monday was the first day that AMZN showed some relative strength. That turned it from just another name in the corner of my eye to a prime focus, and I bought call options. Then on Tuesday, I said it needs to get and stay above $1746 to wake up — and it did wake up. I bought some pre-market as a spec play, and then added when it triggered over $1746. It hit $1776, so I sold some using my Tier System (taught in Path to Profits) A Tier System helps me net money on trades that work, and then gives me a framework for managing those positions. I sold more after the open on Wednesday. My target range has been $1785-$1790, so I finally closed the trade out late Wednesday morning after the stock hit $1786.24. This is a great example of how combine a process, routine, tactics, and strategy to make a living. Positions Disclosure: as of 10/16/2019 at 12:02 p.m., Scott J. Redler is long TWTR, AAPL, SNAP calls, AMRN calls, TWTR calls, BYND calls, AMZN calls, SPY
Continue Reading -->