Sami’s Game Plan: What I’m Looking for on Monday
Sami Abusaad | Black Room LessonsToday’s video provides an analysis of the current market, as well as a review of some swing and day trade ideas for today. See Sami’s gap list and the other names he’s eyeing for action.
Continue Reading -->Why I Love Trading Gaps at the Open
Ryan Tonking | Black Room LessonsGaps create some of the best opportunity in the market. In this video we’ll look at 2 winners I took at the open and how I made today’s money in the first 15 minutes of the open. We’ll also cover my “behind the scenes” reason why I go after gaps at the open.
Continue Reading -->3 Simple Ways to Manage Trades When There Is No Clear Support and Resistance
Ryan Tonking | Black Room LessonsRoutinely, we buy at support. We sell at resistance. However, in instances where there are no reference points, how do we know when to take profits? This video outlines 3 simplified options to manage your play when targets are off the chart.
Continue Reading -->When to Trade a Stock the Day After a Gap
Ryan Tonking | Black Room LessonsIn this video we’ll talk about when I look to trade a stock the day after a gap and when I ignore it. We’ll cover the impact of WRB vs. Doji bars and how to capitalize on both, giving 2 examples of the trades I called in the Black Room today.
Continue Reading -->Options Case Study: Developing a DIS Trade
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about DIS. Earnings came out last week and the stock pulled back so how are we going to approach the trade going forward.
Continue Reading -->Scott Redler: Connecting the Dots on AAPL & BABA
We’ve been keeping a close on AAPL and BABA in Redler All-Access, so let’s break each of them down. They’re different stories — AAPL’s been a shooting star since earnings while BABA only caught a bid today. Here’s how we’ve been tracking them. This is the ‘Before Chart’ I posted yesterday morning. There was word that Turkey would boycott US electronics, and that China might do the same, but as you know, I like charts more than news. So what was the chart telling me? That AAPL needed to hold the $207 area to stay special. Yesterday, Apple was green in a sea of red, and I got long for a new entry. I then sold some this morning, and I want to see if it closes above $210.95. The measured move still points to $217ish.Now let’s turn to BABA’s ‘Before” chart. It was under pressure since the island top with most strength getting sold. It was below the 8/21 day and we needed to see how it handled big support at the $164-$166 area. BABA held the $164-$166 area and bounced. Now it has room to the $174 area, but I would take trades until it proves it has some real power.ddddd
Continue Reading -->Sami Abusaad’s Trading Radar: What to Watch
Sami Abusaad | Black Room LessonsToday’s video provides an analysis of the current market as well as a review of some swing and day trade ideas for tomorrow.
Continue Reading -->Scott Redler: Is This Late January All Over Again?
During the past few sessions, I’ve been updating my daily SPX chart to show a comparison with the late January Island Top, which was right before the 2/2 plunge.What does the present day have in common with late January? Let’s see. Both times, we went below the 8 day first. Both times, the gap went unfilled, which was a sign of weakness. The market usually moves in the direction of the unfilled gap — to the downside in this case. That means you have sellers in control. My process puts me in Tactical Mode when the 8/21 break since those are my momentum moving averages. Remember, to see the 50/100/200 day, the 8/21 day have to break first. Tactical Mode means I start taking profits and cleaning up ‘loose longs.’ This morning, I closed out/was stopped out of my longs in names like AMZN, AMD, GOOGL, and FB. That’s not what I wanted for today, but taking paper cuts is part of the game. It’s not fun, but it’s better than gushers, which is why I respect my stos. But remember, panic doesn’t pay. So let’s get our levels mapped out. For a real correction, we need to stay below all moving averages. For now, if we stay below SPX 2819, there could be a trip to support around 2796. The 50 day is underneath at 2789. I’m not calling for a correction or crash — I’m just keeping my options open.
Continue Reading -->NVDA: Is the Wait Finally Over?
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about NVDA. Earnings are coming up this week and the stock is showing some life finally.
Continue Reading -->How to Set Trading Expectations In Line With the Market
Sami Abusaad | Black Room LessonsToday’s video talks about balancing expectations with the current environment. It’s said that resentments form when unrealistic expectations are unmet. That is not a good place to be when trading. However, I found something very helpful about ticker symbol HD that I used to keep from falling into this trap.
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