Scott Redler: Twitter Knocks It Out of the Park
Twitter (TWTR) crushed its earnings report this morning and surged big-time. Let’s wind the clock back and see how it played out. In Monday’s Redler All-Access Morning Note, I said this: “TWTR reports tomorrow morning. It’s hard to tell if this lower-level channel can resolve higher. I bought $36 calls in case it makes a big move. I’ll also see if it’s buyable after the report tomorrow, but it needs to hold $35.50-$36 on big volume to get some momentum back.” I also sent this chart on my private Twitter feed (for subscribers only):Good thing I had those calls… because it did make a big move! Twitter gapped up big today, as you can see:I sold my stock premarket, and then trimmed some calls as the stock rallied higher and higher. Here’s a chart showing the action in those April 26 $36 calls:Wow! Obviously, not all trades work out like this, but it feels great when they do! I typically look to hit singles and doubles when I’m trading, but sometimes, you make contact just right and things work out better than you think. Plus, as Redler All-Access members know, I’ve been in Facebook (FB) stock and calls too, and Twitter’s giving those a boost.Positions Disclosure: As of April 23, 2019 at 1:20 p.m. ET, Scott J. Redler was long ACB, TIGR, BAC, ZYNE, NFLX, FB, BAC calls, AMRN calls, BIDU calls, FB calls, TWTR calls
Continue Reading -->Options In Play – The Rule of 3 (or More)
Playing earnings on the 3rd, 4th or even 5th name to report in a very similar sector/segment can be tricky. GWW and the Industrial Part suppliers is a good example of what I mean.
Continue Reading -->Why Cryptocurrencies Are the Place to Be in 2019
Last week, Sami Abusaad said he expected the market to stay strong, and it did. So what’s next? Sami explains why a near-term collapse isn’t likely, based on the hourly chart in the QQQ‘s. See the conditions that could actually lead to a trend change so you can be ready to strike. Sami also shares some of the swing plays he’s watching, including AOBC, HSGX, MHG, and XOG. But the big story may be cryptos. Find out why Sami thinks cryptocurrencies are the place to be in 2019, and how he’s trading Bitcoin and Ethereum now.
Continue Reading -->Scott Redler: Pinterest, Zoom, Lyft, and What’s Next
On Thursday, I appeared on the TD Ameritrade Network with my friend Nicole Petallides to discuss the big Pinterest (PINS) and Zoom (ZM) IPO’s. (click the play button to watch)We’re going to talk about what happened on Thursday. But before we get into that, I want to lay out the main principle from my ‘Art of the First Day’ IPO strategy. When it comes to judging new issues, I don’t focus on valuations or fundamentals. Instead, I look at supply and demand. The market action — especially the initial pivot highs — will tell you which IPO’s are hot, and which ones aren’t. Lyft (LYFT) failed early because there were too many shares up for sale. It quickly lost its initial lows and fell apart:Now let’s look at a recent IPO that had more demand than supply. Jumia (JMIA) is a perfect example of too many buyers not chasing enough shares. This is what F.O.M.O. looks like:Zoom priced its deal at $36. And in 1999-style, it opened at $65 and put in a high at $66. This may be a case of too much, too fast. The low was $60.32, and it closed at $62.Here’s how I’m looking at ZM now: it already made a massive move and there’s a lot of room between here and the $36 IPO price. Right now, I want to stay flat. If it breaks $60, the lucky longs could get nervous and start cashing in. And shorts might step up too. If it can hold for a few days, I might buy on a close above $66. Now let’s talk about Pinterest. Pinterest priced at $19. The stock then opened at $23.75. It hit a high of $25.18, a low of $23.05, and it closed at $24.54.Now it needs to hold that $23.05 low. If that breaks, I’ll have to reconsider my long. If it can get above $25.18, perhaps there’s a multi-day run. Positions Disclosure: As of April 22, 2019 at 9:07 a.m. ET, Scott J. Redler was long ACB, BAC, ZYNE, AAPL, PINS, TWTR calls, AMRN calls
Continue Reading -->Strategic Swing Trader – Lesson 5: Understanding The Atomic Unit
Today, Sami give an essential lesson all traders must learn to win in their trades consistently. Did you know that the atomic unit is the only complete movement that can be made in the market? Every single chart goes through the same cycle of movement, hitting all four stages before repeating it all over again. Each of these stages is associated with an emotion you – and all other traders – experience, leading to buy and sell action. Sami highlights how important it is to differentiate each stage – this could be the difference between a huge win and an even bigger miss. And, he lays out exactly how you can play the stages to your advantage. Tune in to learn trading top to bottom with Sami.
Continue Reading -->Strategic Swing Trader – Sami’s Top Trade Ideas This Week: April 14 – 18
In this video, Sami Abusaad provides an analysis of this week’s market environment, plus a review of several swing ideas for the upcoming week. Sami discusses the importance of choosing your trades responsibly by showing a key example of a stock that went from $120 to $10 per share. This is his reminder: never gamble like a beginner. He also takes a look at Cryptocurrency market, where he believes the best opportunities in 2019 are.
Continue Reading -->Options In Play – Earnings On The Radar Week Of 4/18
Welcome back earnings season…oh how we missed you! Banks got us started this week and it will only pick up momentum this coming week. Watch for more Banks, some Industrials and our first look at FAANG.
Continue Reading -->Strategic Swing Trader – Bitcoin: My Breakdown of What Just Happened and What’s Next
Today’s video provides an update on the current bitcoin price action and where Sami thinks we are headed. If you would like to get actionable trades for bitcoin and other cryptocurrencies, Sami can help you. Watch below to get in on the action.
Continue Reading -->Options In Play – Bank Earnings Prep Pack
Tomorrow is the kick off to earnings season and JPM and WFC are the 2 heavyweights that get things started. I’m going to talk estimates, measured moves and what to watch for.
Continue Reading -->Strategic Swing Trader – Lesson #4: The Only 3 Trend Directions
Today, Director of Education Sami Abusaad jumps in on another important topic you must learn on your path to trading success: the three directions of a trend. Reversal bars form pivots and pivots form trends. Now that you’ve learned about reversals and pivots, understanding their relationship to trend is the next step. If you missed those lessons, catch up with these three lessons before continuing: Lesson #1 , Lesson #2, & Lesson #3. This video helps you understand the criteria of each trend action, how to choose your moving average based on the size of your time frame, and what moves must be your objective once your criteria is met on each kind of transaction. Watch below to grow your trading knowledge.
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