Scott Redler: What SPX, QQQ, & Apple Can Tell Us About the Market
This afternoon, Scott Redler appeared on TD Ameritrade’s ‘The Watch List,’ hosted by Nicole Petallides: In this video, Scott breaks down: -Why Scott is focused on technical analysis instead of opinions-The SPX’ wedge pattern, which signals indecision-The reason Scott likes the ‘tight pattern’ in the SPX-Why the bulls need to get above 2830-What it takes to get back to 2900+-The bears’ concerns like the inverted yield curve-What could happen following quarter-end ‘shenanigans’-The level that needs to hold-Why short-term traders need movement right now-Why the QQQ’s are important, and why they need to hold $176-What’s coming next for AAPL-Why Scott feels indecisive, and how his positions reflect that-What he does when the momentum trend breaks-The one thing Scott loves now (it’s not a stock!) Positions Disclosure: As of 3/28/2019 at 3:12 p.m. ET, Scott J. Redler was long CGC, GOOGL
Continue Reading -->Options In Play – The One That Got Away
TLT was a sleeping giant for most of December through March. The focus of most traders shifted to equities as TLT hung out sideways but a big move recently has brought everyone back.
Continue Reading -->Strategic Swing Trader – Lesson #2: Understanding Candlesticks
Today, Sami Abusaad builds on his first lesson on reading Japanese Candlestick Charts. He reviews how they differ from Western Bars, the types of candlesticks you will see when reading them, and the rules on how to interpret what you see. Plus, he goes even deeper into the topic by providing analogies to help you remember each pattern and explaining how to know when to go long or short. If you want to master trading, you must master your tools first. Make sure to watch his first lesson on Candlesticks – once you do, you’ll be ready to take on today’s more advanced video and get going with the next stage of your trading career.
Continue Reading -->Options In Play – What To Do With AAPL If You Missed The Past Month
AAPL sat sideways for nearly all of February and gave no indication it could have the powerful move it saw in March. Now that it has had a huge run without a lot on board, what do you do with it?
Continue Reading -->Options In Play – Busy In Biotech
Last week was a busy one for Biotech with some key pipeline updates and big movers. This week has started off with some action and more news is expected as we head into quarter end.
Continue Reading -->Strategic Swing Trader: How to Spot a Market Top + Trade Ideas for March 25 – 29
In his latest video, Sami Abusaad discusses why be thinks the market has temporarily topped out. Room members knew the moves he took to minimize losses ahead of time – and you could, too. Sami is spotting lots of risk currently. When should you be selling off your shares? It may be sooner than you thought. Plus, what he foresees for the future in the market. Watch to keep your profits steadily on the rise.
Continue Reading -->Strategic Swing Trader – Lesson #1: How to Read the Japanese Candlestick Chart
Sami Abusaad is launching a new video series, designed to give you a complete understanding of technical analysis for beginners and experienced traders alike. Jump into his first episode on a topic every trader must understand: how to read the Japanese Candlestick Chart. You may think you understand this topic well enough, but Sami’s lesson provides background that even experts may be missing. He covers why we use candlesticks, how to read them, and how they help us understand the most important element of technical analysis. Watch along to make sure you’ve got all the basics covered.
Continue Reading -->Options In Play – GLD Is Back In Business
Lower for longer? The Fed just indicated rates are going to be stuck in place for the remainder of this year and only one potential hike next year. That is music to the bulls in GLD.
Continue Reading -->Options In Play – The 2-3 Day Rule For Volatility Strategies
The best drawn up set ups don’t always work so managing the options in the aftermath of a catalsyt is key. ORCL is a good example of my 2-3 day rule for volatility strategies.
Continue Reading -->Strategic Swing Trader – How Sami Selects His Trades – Trade Ideas for Mar 18 – 22
Sami Abusaad has plenty of exciting trade ideas to share with you for this upcoming week. He explains why he prefers the QQQ and the SPY over the DJIA, and which you should look to, depending on your situation. Plus, Sami let’s you in on what might put an end to the current 3 month bullish rally – and what you should prepare for afterwards. Sami also provides some insight into how he selects the stocks he will trade, regardless of what industry it is in. Watch below to see how he sets himself up for a profitable day.
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