Sami’s Swing Trading Blueprint: January 28 – February 1, 2019
This video provides an analysis of the current market environment as well as a review of several swing ideas for the upcoming week.
Continue Reading -->Options in Play: Looking at INTC Ahead of Earnings
Some sectors are better than others and some stocks within those sectors outperform. INTC’s earnings this week will be critical in determining whether it takes up the leadership roll or plays catch up to the downside with the overall weak group.
Continue Reading -->3 Options Trading Takeaways from an Earnings Report Most People Ignored
SLB may have missed your radar last week when it reported and even after a great session Friday it was overshadowed by strong overall market. But there were some important things to takeaway from SLB’s earnings set up and follow through that are worth talking about.
Continue Reading -->Scott Redler: Anatomy of the Great Post-Christmas Rally
The big rally off the 12/26/2018 low at 2346 wasn’t easy to predict. But, understanding some basic trading concepts could have helped you catch some of the move. And they help you understand why I held multiple longs through this period (with some short hedges here and there for protection). Or at least, traders could have stood aside instead of stubbornly shorting. So let’s break down the movie step-by-step. On 12/26, the SPX broke below the 12/24 low at 2351. It hit 2346 and reclaimed 2351 for a Red Dog Reversal. The index then closed at the highs of the day.But one day’s never enough. On 12/27, the SPX held the 50% retracement, which confirmed the Red Dog Reversal.Then on Friday 1/4, the index broke above the 8 day with authority when Powell got ‘flexible.’The next trading day was 1/7, a Monday. We had another up day, showing more commitment to the move.The index then held above the 8/21 day before breaking over a bull flag. That led to a nice rally to the 2670 high.So what’s next? On Friday, I told CNBC the following: “At this point, if you haven’t bought the market this year, it’s not the most prudent thing to do to chase it today. At the same time, being short is frustrating.” And today’s down day (1/22) is the first time in a while that a shallow dip hasn’t been bought. I’ve already taken down risk. Now, the key level to watch is Friday’s 2647 low. A close below that could mean a test of 2590-2625. Positions Disclosure: as of 1/22/2019 at 12:14 p.m. ET, Scott J. Redler was long CRBP, TWTR, SPY puts, AMRN calls; was short SPY
Continue Reading -->Sami’s Swing Trading Blueprint: January 22-25, 2019
In this week’s Swing Trading Blueprint, Sami shows why the QQQ is hitting resistance, though there is a case for a move to $170. See where the market can go next, based on the weekly trend. For now, trying to predict the top is for novices. The smart move is to wait for acceleration or the next sell setup, rather than get locked into an opinion. After getting Sami’s market take, get Sami’s watchlist, and understand why it may not be time to rush into new longs.
Continue Reading -->What Is Earnings Season Telling Us?
We are just about 1 week into earnings and have 2 weeks of market moving news so early trends are starting to develop. Also, the huge bounce since December is flipping the script and now highlighting relative weakness.
Continue Reading -->Options In Play: Breaking Down NFLX Ahead of Earnings
Not all set ups into earnings are created equal. NFLX has already had a huge run this year so let’s talk through what is expected and what type of move is left after the report.
Continue Reading -->$25,000 in 2 Days: The Power of Level II Scalping
Today’s video is about scalping off the Level II screen. There is a tremendous amount of misinformation when it comes to level II trading. However, it can give you unique insights into a stock’s price action. Yes, there is a lot of deception happening, and you can’t use Level II to analyze every stock. But if you know what to look for, you can make big bucks trading order flow.
Continue Reading -->Options In Play: The IV Consolidation Crush
A choppy few day consolidation may not be providing the crazy action we have seen recently. But it is creating better setups for options into earnings reports. Smaller ranges and lower VIX = IV crush and cheaper options overall.
Continue Reading -->The One Thing You Should Know About Corrections
In Sami’s opinion, you can’t succeed unless you understand this simple, but fundamental concept. Stocks can correct in 1 of 2 ways: through time, or price Correcting through time is usually preferable because it’s an indicator of strength (or weakness if it’s a bearish stock basing a the low of the day). But here’s the real thing to watch: when this pattern happens to form on a bearish gap down with a base just under a declining 20ma, look out below! Get this weapon, and add it to your arsenal now:
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