Sami’s Swing Trading Blueprint – December 10 – 14
Sami Abusaad | Strategic Swing TraderThis video provides an analysis of the current market environment as well as a review of several swing ideas for next week.
Continue Reading -->Options in Play: Catching Up on Research
The markets are closed today so it is a great time to catch up on research. I’m going to talk about a couple sites I use for building my game plan for upcoming trades.
Continue Reading -->Options in Play: The G20 Crunch
Expectations matter when you are trading options and today is a great lesson highlighting that. SPY option prices were sky high for Monday expiration which made it tough to capitalize on the large move.
Continue Reading -->How to Succeed At Trading Without Being a Chart Wizard
Sami Abusaad | Black Room LessonsMost traders erroneously believe that learning a few chart patterns will make them successful. However, if trading was just a matter of memorizing a few patterns, most would be successful as the Internet is inundated with chart patterns. However, trading requires an intimate knowledge of various things that may have little to do with charts. Cutting losses quickly and letting winners run is just one of those things.
Continue Reading -->Sami’s Swing Trading Blueprint – December 3 – 7
Sami Abusaad | Strategic Swing TraderThis video provides an analysis of the current market environment as well as a review of several swing ideas for next week.
Continue Reading -->How to Spot the Ultimate Failure Pattern
Sami Abusaad | Black Room LessonsEnter your“The market speaks loudest in failure patterns” is as true a saying as it gets on Wall Street.And in this classic video (from when Strategic Day Trader was called the Black Room), Sami shows you his #1 failure pattern: the Money BarYou’ll find out:The incredible power of ‘The Money Bar’What this failure pattern says about trader psychologyHow to spot the pattern on the chartsWhen exactly to take the entryHow to set up a secure stopHow to use it to set up beautiful short tradesWatch this video, and you’ll quickly see the power of this patternIt’s easy to learn, can make you money — and keep you out of trouble.
Continue Reading -->Options in Play: Earnings on the Radar This Week
Today’s video is going to focus on the big reports this week. The holiday is over and this week will be a busy one for this late in the quarter. After you watch the video, click here for our 90% Off Cyber Monday specials. Deal ends at midnight, so don’t miss out.
Continue Reading -->How Healthy is the Market’s Long-Term Trend?
Ryan Tonking | Black Room LessonsWe are certainly seeing interesting times in the market! In today’s video, we’ll look at the health of the long-term trend in the market. I’ll show you were I think that we have some opportunity to the up side, and were I am looking to get out if I am wrong. After you finish the video, click here for our 90%-off Cyber Monday deals.
Continue Reading -->How to Use the 20 Day Moving Average
Sami Abusaad | Black Room LessonsToday’s lesson is about the mighty 20 period moving average. Rarely has a simple tool as the 20ma make such a huge difference in my trading! It represents the core of my focus for intraday and swing trades. In my view, there is no tool more accurate and reliable. Learn it!
Continue Reading -->BONUS! Today’s Redler All-Access Newsletter & Morning Call Video (plus 90% discount…)
As a bonus for T3 Live subscribers, we are publishing Scott Redler’s Morning Note newsletter and Morning Note Video so you can see his attack plan for today. After you read the note, check out our Cyber Monday sale – you can save 90% on your first month of Redler All Access, which includes the Morning Note newsletter, Morning Call Video, Daily Recap video, and Private Twitter feed. Regular price is $129, but with this deal, your first month is just $12.90. (for first-time subscribers only – past subscribers will be charged full price) Click here for more info ****** Holiday Surprise – November 26, 2018 Today’s Morning Call Video: We have mostly green arrows around the world as we enter the last real important week of 2018. Europe is broadly higher as Italy makes a few concessions and the EU gives the Brexit an okay. The DAX is +1.1% with the CAC +1.2% and FTSE +1.0%. Asia has green arrows. The Hang Seng is up 1.7%, reclaiming the 50 day. SPX futures are up 30 on optimism that Powell will have a more dovish tone Wednesday, and that the G-20 will bring some type of trade ceasefire. It was hard to see this type of big up open coming since the market was down last even though it usually has an upside bias around Thanksgiving. But, we are getting used to harder setups, so we’ll deal with it. last week the market was down every day in what usually has an upside bias. We are getting used to harder setups, so we’ll deal with it. Today, we’ll see how much of today’s gap holds, and then judge the action moving forward. Do we get a gap and go and close on the highs today? Or do the highs happen in the first 30-60 minutes. We’ll be ready for whatever happens. Last week, 2630 held, which is above the 2603 October low. Will today be potent and ignite a double bottom type? Or will things look lethargic and get sold? Resistance is the 2670 area, and then 2705ish. SPY put in a low Friday at $263.07. We’ll see how much of today’s opening gap holds. Pivot resistance is in the $267 area, then $269.40. Tech was a headwind for the past few weeks but showed a few glimmers last week. The QQQ’s put in a low at $159.09 Friday. See if it holds $160.84 and builds. And let’s see if AAPL gets rejected at the $175.50-$176 resistance area, or if it reclaims that with authority. Small caps got very close to major support and broke the October lows. IWM’s low from Friday was $146.81. Resistance is in the $150.50-$151. Banks aren’t special either. GS made new October lows way before the others with yields coming in a bit. It made a low of $188.94 Friday. See if it holds up or goes red. Pivot resistance is $191.87. JPM is usually the strongest name but no one is in a rush to buy strength. It was sold last week. Friday’s low was in the $106 area. Now see how it handles $107.40 pivot resistance. Oil got hit hard from $75 to $55 and then broke lower again. It’s up a little this morning but not by much. USO broke $11.62 and then hit a low Friday at $10.69. It’s very oversold but very broken. XLE broke the October lows and hit $63.44 Friday. Pivot resistance is $64.57, then $65.32. The Go To List has been good for two-way action, but they have trended lower with most names below the 8/21/50/100/200 day. Some are worse than others. But we do get trades based on the setup and open. Today’s big gap open isn’t the best scenario for us. A big down open could have been easier. Now we need to see if if the strength fades or if we rally into bigger resistance. They’ve come a long way down, so shorting too early could hurt. But they are also so broken that it’s hard to buy strength. We’ll be patient. AAPL was the weakest last week. It broke below $185.93 and hit a low of $172.10 Friday. Now see if it reclaims or gets rejected at the $175.50-$176 area. If it reclaims it with force, it can see the $180-$181.47 gap area this week. A down open would have been easier. AMZN held up a little better than some other F.A.N.G.-type names. However, it closed on the lows Friday. Now see if it gets rejected around the $1546-$1553 resistance area. Or does it get reclaimed for more upside towards $1600? NFLX isn’t special. Barron’s says it’s not worth buying yet. But it can bounce towards $271-$275 before it sees resistance. NVDA gave us a nice tradable setup last Tuesday as it went green first. It has pivot resistance at $155, then the real zone is $161-$163. FB has been hit the hardest the off highs. It gave us a trade last Tuesday. Barron’s thinks it has a good-risk reward down here. It has pivot resistance at $134.50. Then $137 is bigger resistance. TWTR tried to be somewhat constructive post-earnings, but tech was too weak. It needs time and there’s no real pattern. The $32 area needs to be reclaimed with some force as a step in the right direction. GOOGL: Barron’s said the risk-reward down here is good. But it needs a lot of work to get better. Pivot resistance is $1143. See if it stays above that. If so, bigger resistance is near $1165. SQ was one of the first names to put its low last Tuesday. It held above it Friday. It will test the 200 day before a few other names. See if it reclaims it or gets rejected there near $66. TSLA tried to act special until it did a Red Dog Reversal around the $357 pivot on 11/19. Then it hit a low of $325.55 Friday. It’s just a trade like everything else now. Pivot resistance
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