Tesla: I’m Betting Big!
Last week, Sami Abusaad announced he bought 2,500 shares of Tesla (TSLA). The stock has had a nice rally since then – but Sami is STILL betting big on the stock. Learn more in today’s video: Sami also goes over: Why SPY and QQQ can’t break Friday’s lows Why the airlines look good for swing trades now The bull case for Docusign (DOCU) His current take on Reddit (RDDT) after a 50% drop The best-looking real estate stocks here A semiconductor name with a beautiful weekly chart The weird thing about the recent market bottom And MORE! By the way, if you want to accelerate your trading progress in a big way, consider joining Sami’s Mentorship starting in April.
Continue Reading -->10 Things Traders Need to Know Next Week
We’re closing out another fun-filled week in the markets that included: A “chaotic for most, fun for some” FOMC day Yet another Nike (NKE) earnings bomb A Friday “stick save” by the bulls Strength in energy and banks Weakness in semiconductors & crypto currencies So let’s dig into 10 Things Traders Need to Know Next Week. Click the calendar for an events listing: 1. A Trump Tariff News Storm The Trump administration will hand down new reciprocal tariffs on April 2, which the President called “Liberation Day.” Of course, we’re likely to see a storm of conflicting headlines over the next week. Do we get a fast compromise at the last minute? Or does everyone play hardball? There are almost too many scenarios to consider… 2. The Tim Walz Tesla Bottom? Sami Abusaad is bullish on Tesla (TSLA), having recently bought 2,500 shares of the stock. But Minnesota Governor and former VP candidate Tim Walz took the other side of the trade by cheering Tesla’s slide off the highs: If you need a little boost during the day, check out Tesla stock 📉 pic.twitter.com/KBEh6pOZLW — Tim Walz (@Tim_Walz) March 19, 2025 Yes, that was a real video. Not AI. An American politician celebrated American investors losing money in an American company. In public. Tesla employs many thousands of Americans, with a significant employee base in Tim Walz’ state of Minnesota. Which begs the question — could this cheap publicity stunt mark a bottom? Because the stock’s rallied $20+ since then. Maybe we can start calling him “Tesla Tim.” What do you think? 3. PCE Price Index & GDP Report = Stagflation? The FOMC Rate Decision & Press Conference dominated the news flow this past week. The Fed kept rates steady as expected, while lowering its GDP growth forecast and increasing its PCE Price Index inflation projection. And this coming week, we get the final Q4 GDP number (Thursday) and the February PCE Price Index Reports (Friday). The Fed doesn’t have the best forecasting track record in the world. So traders are eager to see if actual numbers are in-line with the Fed’s outlook. Remember, stagflation is a major concern right now as the US economy slows. We do not need numbers pointing in that direction. 4. KB Home (KBH) Earnings + Home Sales Data Will Tell Us About Housing Homebuilder KB Home (KBH) reports Monday and will give us more insights on the housing market. Lennar (LEN) took a hit on Friday after warning that high interest rates, stubborn inflation, and a limited home supply are hurting the housing market. We’ll also see New Home Sales data on Tuesday and Pending Home Sales on Thursday. On a related note, our own David Prince of Inner Circle is predicting major turmoil in housing. 5. The Consumer Confidence Question May Be Answered On Tuesday, we get CB Consumer Confidence for March. With volatile stock markets, the April 2 tariff deadline approaching, and a lot of questions over the direction of inflation — how will consumers react? Nike’s (NKE) guidance didn’t exactly inspire… but it’s been quite a while since that company had anything good to say. Interestingly, Lululemon (LULU) reports Thursday and might be a decent gauge of consumer spending on the high end. 6. A Crypto Bull Could Run the SEC On Thursday, SEC Chair Nominee Paul Atkins will testify before the Senate Banking Committee. Atkins is a big advocate for digital assets like Bitcoin — a big initiative for President Trump. Bitcoin is way off the post-election highs: If the Senate Banking Committee advances Atkins, the door opens for a vote to confirm his nomination. The big question is — can Bitcoin actually hold up on that good news? 7. There Is Brute Force Strength in The Metals The most under covered story in financial markets this year has been the rise in commodities – especially the metals. While the SPY is down 4% YTD, commodities have been skyrocketing, as you can see in the chart: Natural gas, gold, silver, copper, and plenty of other commodities have been ripping this year. The metals in particular are suddenly getting attention now that Gold passed the $3,000 mark — something JR Romero predicted early last year. Are the metals being stockpiled in advance of global financial chaos? That’s a big, big question. 8. Traders Might Get Less Miserable Based on sentiment indicators like the AAII Sentiment Survey and CNN Fear & Greed Index, traders are in a pretty rotten mood: The AAII data has been shockingly bearish for 4 straight weeks. Could traders be too pessimistic into the April 2 Tariff deadlines? That’s another big consideration. The VIX Curve was even recently inverted, though that’s resolved itself as equity markets stabilized. 9. Growth Stocks Could Lift the Mood Growth names have been under fire. The average QQQ stock is 22% off its 52-week high. The two flagships – Nvidia (NVDA) and Palantir (PLTR) – reversed hard off their morning lows Friday. If they continue higher, that could be a big mood enhancer for beaten-down bulls. Robinhood (HOOD), AppLovin (APP), and Reddit (RDDT) are others to watch here. 10. China Needs to Step Up Chinese stocks like Alibaba (BABA) and Baidu (BIDU) were hot… until they weren’t. Did that hot trade get overcrowded? FXI has pulled back less than 10% so far. Let’s see if dip buyers step up.
Continue Reading -->Scott Redler: The 2025 Lows Are Not In Yet
Scott Redler appeared on Fox Business’ Claman Countdown alongside BlackRock’s Steve Laipply to explain why the market lows for 2025 are not in yet. Watch the video here: Watch the latest video at foxbusiness.com Scott discusses: Why he thinks the market has downside risk here What the Trump administration is trying to accomplish with DOGE and other initiatives How 10% came out of the market so fast The big questions traders are asking right now Why an oversold bounce may not last What could create a “Trump Bottom” in the future The shift Scott expects the Trump administration to do Why the April 2 Tariff Deadline is so important
Continue Reading -->David Prince’s Favorite Setups Post-Fed
David Prince shares the top ideas he’s focused on in this market after this week’s Fed decision: David discusses: Where he would be an aggressive buyer of QQQ The “dirt cheap” biotech name he likes here Where he would add to his Robinhood (HOOD) position Why he doesn’t like IWM and XBI and is focused under the hood His top pick of the MAG7 names Where he would be interested in Apple (AAPL) An important IPO coming up that could impact Core Scientific (CORZ) And more! Get David’s new free ebook here.
Continue Reading -->Why I Bought 2,500 Shares of Tesla Stock
Sami Abusaad bought 2,500 shares of Tesla (TSLA) — and he shares why. Note: Sami made his buy BEFORE the post-FOMC rally. If you’re long this volatile stock… listen to this: Sami also goes over: Why he likes Amazon’s (AMZN) “cute little setup” His bullish take on DPST, a leveraged bank ETF which has “one of my favorite entries of all time” The China stocks he still loves, including some leveraged ETF’s A stock with a perfect “garbage pattern” A stock with a beautiful daily and monthly chart Real estate stocks that look ready to rock higher And MORE! By the way, if you want to accelerate your trading progress in a big way, consider joining Sami’s Mentorship starting in April.
Continue Reading -->6 China Stocks I Like Right Now
Sami explains the conflict in the US major averages right now, and goes over why he’s so focused on China: Sami also goes over: Why it was so hard to predict the SPY top The conflict between the daily and weekly charts The reason bounces will be short-lived Why we need to produce follow-through to the upside 6 China names that look great right now What makes entering China stocks tricky Why Tesla (TSLA) may have bottomed with a Climactic Buy Setup The appeal of TSLL over Tesla By the way, if you want to accelerate your trading progress in a big way, consider joining Sami’s Mentorship starting in April.
Continue Reading -->NVDA Is Going to $89
JR Romero was bullish on Nvidia (NVDA) — but he just changed his tune: Why JR is disenchanted with Nvidia (NVDA) right now, and where it failed Why NVDA can go to $89 The reason he bought Tesla (TSLA) yesterday and why it can hit $270 short-term Why he feels like a “sock puppet” because of the global political climate The names giving big opportunities right now The short-term bull case for quantum computing names like IONQ (IONQ) – even if they don’t look good long-term What the QQQ’s need to do to elevate names like Qualcomm (QCOM) and Broadcom (AVGO) What SPY needs to do to catch up JR’s strategy for succeeding each morning And More!
Continue Reading -->When David Prince Stops Out of a Trade
David Prince’s stop loss strategy is not as simple as setting a stop at specific percentage or dollar amount. He believes you can miss a lot of upside by operating that way. David explains how he decides it’s time to exit a trade: David discusses: Why he doesn’t use set stop losses How he determines when a trade is going against him The importance of getting out of a trade quickly Get David’s new free ebook here.
Continue Reading -->David Prince’s Trading Setup
David Prince has 6 monitors in front of him on his trading desk. He explains how they’re organized and how he uses them on a daily basis to get the best read on the overall market: David discusses: Why his screens aren’t filled with charts What he’s focused on instead of charts How his setup helps him predict market moves Get David’s new free ebook here.
Continue Reading -->Blood On the Street?
We just got the February jobs report, which was mostly in-line with a headline number of 151K. The big question everyone is asking me is “Is It Blood On The Street Time?” For now, the answer is… no. As of 9:23 am this morning, SPY is up about 20 cents and the QQQ’s are flatlining. So this does not feel like a major inflection point. One buying scenario I had in mind was a real miss on the jobs report with a hard push down to the SPY $565 area and a close dead on the lows. That was where I wanted to put money to work. But the market does not always conform to my plans, so I’m instead going to map out levels and take what the day gives me. Right now, SPY $570.12 is key. That’s yesterday’s low. If the bears break us below that, there could be more downside to the $565 area, which could set up a good long opportunity. I’m also watching these levels as key indicators for risk and sentiment: QQQ: $496.20 IWM: $203.09 NVDA: $110 TSLA: $260 AMZN: $178 PLTR $78 The more of these levels break, the more aggressive the selling can get. Broadcom (AVGO) is also key. If it can’t hold its post-earnings gains, what would be bad for the market. From a more macro perspective, the SPY is just 5% off the highs. Historically, the average pullback is about 13%. And I think we’ll see at least one like that this year, with the potential for SPY to see $542 or $528. Remember, we’re coming off a 25% gain in 2024 and a 26% gain in 2023, without much volatility along the way. Sooner or later, things will average out and we’ll see some downside. But until those key levels I listed above break, we will not likely see a major inflection point. This is why we focus on price action and not opinions. The market rarely does what you think it “should.” *Scott Redler Positions Disclosure as of 2025-03-07 at 9.19.55 AM
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