Sami’s Swing Trading Blueprint: January 7-11, 2019
Sami Abusaad | Strategic Swing TraderOn Friday, the market put in a trend day – the most bullish type of day you can get. However, Sami does not change his strategies based on a single bar alone. See what Sami needs to see before he buys into a real trend change. Then, see this week’s swing trading watchlist, which includes names like WATT, APHA, BITA, and KDP.
Continue Reading -->Why You Must Surround Yourself With Successful Traders
Learn the daily routine of successful professional traders, the strategies they execute and how they execute them, the patterns they take, and why they take them. Then proceed by learning the secrets of their pre-market preparation, what they watch, analyze, and trade during the day. Then learn how they formulate a plan to trade the afternoon session, and later how they scan for intraday setups as well as daily plays.
Continue Reading -->Spotting Relative Strength/Weakness for Options Trades
The Santa Claus rally ended up coming right on cue and now the strong rebound off the low is giving us the opportunity to spot relative strength/weakness. This is very helpful if you are looking to initiate swing longs and shorts.
Continue Reading -->Scott Redler: Reality Bites Apple, and What Could Happen Next
Yesterday after the close, Apple (APPL) gave a sales warning to give traders a big scare on the second day of trading in the New Year. The headlines are what you might expect:But how much of a surprise is this really? Dozens of analysts have been cutting numbers, suppliers have been warning of weak demand, and of course, the stock’s way off the $233.47 October high. Now, I’ve been called an Apple (AAPL) permabull for years, but this is what I said in my 2019 Market Outlook Report:This was the first time in years I didn’t list Apple as a buy right off the bat. As I wrote, “there’s still serious news risk with Apple, especially given that the trade war with China is unresolved.” And the trade war did just take a major toll on Apple earnings, and the stock is deep in the hole. As I write this, Apple is around $144, so it’s in a much more interesting spot, and it’s time for some fresh analysis. It’s below the $146.59 December low. To relieve pressure — and get ‘the elevator’ going back up, it has to reclaim that level. If it stays below $146.59, next support is in the $140.40 area. Here’s my updated chart for this morning:Now we’ll see if it can make a low in the first 5-15-30-60 minutes to try to fill some of the gap. Or, does it grind down all day? Pay close attention to which scenario plays out. Since we’re on the topic of tech, let’s check out a QQQ chart too.I’m watching $150-$150.88 today. If that holds, it shows that traders aren’t extrapolating Apple to the rest of tech. If it fails… then watch out! For more of my analysis for 2019 and my top picks (including my short ideas for this year), click right here to check out the 2019 Market Outlook Report.Positions Disclosure: As of January 3, 2019 at 9:32 a.m.. ET, Scott J. Redler is long GE, FB, SPY, TWTR, IWM, BAC
Continue Reading -->The Only 3 Things That Matter in Trading
This might be the most important trading lesson you get as we transition to 2019 from 2018. Most traders erroneously believe that the only way to get big results is by making changes that are on the same order of magnitude. However, this couldn’t be further from the truth, as the difference between a successful trader and an unsuccessful one can often be attributed to small variations.
Continue Reading -->Sami’s Swing Trading Blueprint: December 31 – January 4, 2019
Sami Abusaad | Strategic Swing TraderSami’s back in business after some holiday fun. In this week’s swing trading blueprint, Sami goes over his current market outlook and his new swing trade ideas. See the climactic move in the QQQ, and what Sami is reading from the daily and hourly charts, including his near-term target. Then, get a look at Sami’s watchlist, which includes names like CAG, CLNY, FEYE, PRGO, and more.
Continue Reading -->Sami’s Swing Trading Blueprint: December 24-28
Sami Abusaad | Strategic Swing TraderWe are on track for the worst December since 1931. But the jury’s out on what happens next. See why Sami thinks one more “knockout punch” would be ideal for his trading strategy. He also goes over the names on his watch list, including CAG, AAPL, EDIT, QEP, TSLA, and more.
Continue Reading -->Was FDX Down Too Much Ahead of Earnings? Think Again!
Think FDX was down too much before earnings? Think again. Trading options into earnings is not necessarily about being bullish or bearish but recognizing when a stock could be setting up for a much sharper move than anticipated.
Continue Reading -->Options in Play: Setting Expectations for the FOMC
The FOMC rate decision Wednesday will be the biggest market moving event for the remainder of the year. Options are pricing in significant moves across multiple assets so buckle up for a busy session.
Continue Reading -->3 Simple but Powerful Rules for Trading Climactic Plays
Sami Abusaad | Strategic Swing TraderIn the stock market, what seems low often goes lower, and what seems high tends to go even higher. However, most traders can’t resist a good bargain. The temptation to buy a falling stock is usually exasperated by the fact that falling stocks occasionally have notable bounces, perhaps on high volume, giving the impression that the stock has bottomed. However, once the short covering subsides, more selling typically follows and the stock falls further, hurting those who most recently bought the stock. So if you want to trade these plays, you must learn the rules!
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