Can Netflix Put on a Good Show?

Netflix (NFLX) was the first high-beta tech name to really break out and tell us the market could have some power. Today, it got a huge price target bump from Goldman. If it can stay above $369.83, it can show some power and create F.O.M.O. (fear of missing out) in names like AMZN, GOOGL, and FB. The bears want the NFLX strength to get sold, so let’s keep an eye on it.The banks are always in focus on Fed Day. I’m in Bank of America (BAC) and I want to see the $29.75 area to hold.  It’s right around that now, and I want to see how the Fed affects it. Biotech’s still in focus so let’s look at IBB, which I’m long as of this morning. It cleared $107.80 and $110.10 to hit a high of $111.29. Now I’m going to see if it can hold $109.50 to keep the stair step move higher intact. P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration.  And it’s going down live: Learn About the Active Trader Summit.

Red Dog’s New Dogs: NTNX, BSTI, SOGO

Many people think all I trade and watch is big cap tech, but nothing could be further from the truth. I have a lot of tech names on my regular Go To List, but I’m always on the lookout for new names to add to my radar screen. Nutanix (NTNX) is name that just came back on my radar screen. In today’s Redler All-Acccess Morning Note, I said “NTNX still looks good. It’s getting tight. The bulls want a strong move above $57.40.” And as you can see on my chart, I said the next real level to clear is $60:As you can see on the 5 minute chart, NTNX broke through $57.40 with authority and then cleared $60. Wow! Best Inc. (BSTI) is another new name for me. I bought some yesterday and will consider adding on a very strong close above the $13.25 area.  Sogou (SOGO) is another interesting name I nibbled on. I would get to know it, because it has a shot at working its way back to the post-IPO highs around the $14.70 area.  P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration. And it’s going down live. ​

Spotify (SPOT) Getting Ready to Take-Off? | Options in Play

Options in PlayOptions Trades with Kurt CapraToday’s Options in Play video Kurt Capra reviews recent IPO names. The focus is on SPOT Spotify and why Kurt and Dan believe there is more upside to this options trade. The gap lower on earnings in May was the catalyst, but recent spikes in other recent IPO’s created a new opportunity.

Scott Redler: What Could Trigger More Upside in TSLA This Week?

Tesla (TSLA) has been a real battleground stock. It had a big day on volume, clearing $301 and then the $310 area to see $330ish. If it can hold $313ish this week and close above the $324.50 area, perhaps it can see more upside this week.  On Friday, the SPX absorbed a lower open and closed near the highs. This week, as long as we hold 2750ish, the active bulls stay in control for the possibility of clearing 2779 to test the 2800 area.  Tech took a few days off after a big move. As long as the QQQ’s hold the $173 area, it seems constructive with the potential for higher prices. Let’s see if the F.A.N.G. names hold Friday’s lows, and if they perk up.  P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration.  And it’s going down live: Learn About the Active Trader Summit.​

Turning the Slow Season Into an ATM Machine | Sami Abusaad | Black Room

Sami Abusaad | Black RoomEarnings season is a major money maker for prepared traders. So how can you make money during the ‘dark days of summer?’ See why Sami treats the slow season as an “ATM machine,” slowly dripping out profits into his account. And get a sneak peak at the P&L from one of his trading accounts: 

7 Ways to Get Destroyed on Your First Options Trade

Options Trade Management in M-Macy’s | Options in Play

Options in PlayOptions Trades with Kurt CapraToday’s Options in Play video Kurt Capra reviews a recent options trade in M-Macy’s. Kurt discusses the critical difference between why you enter a trade and managing it for a winner. An explosive catalyst creates opportunity, but to get paid you must have plans to adapt as the trade unfolds.

$3,202.62 in Profit Delivered, Courtesy of a Big Gap Down | Sami Abusaad | Black Room

Sami Abusaad | Black RoomSami Abusaad showcases yet another powerful gap trade. See why Sami went short JNC on a big gap down, and how he managed the trade as the stock continued to collapse. With a gain of $3,202.62, this trade shows the power of exploiting gaps on volatile, underfollowed stocks. 

How I trade the close | Sami Abusaad | Black Room

Sami Abusaad | Black RoomSami discusses a hot topic…”Why he likes to trade the close, the last 20-30 minutes of the day.” Many traders shy away from the open and the close for fear of unpredictable price action. Listen as Sami explains how a professional views this volatility as opportunity.

Trader’s Digest: The 10 Stories We’re Reading Right Now

Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Scott Redler Tracks IQ’s Major Breakout  Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high  This Trader Averaged $1,170/Day in Profit Doing Something He Loves And more! So check out these links right now and get up to speed! 1) Scott Redler Tracks IQ’s Major Breakout (T3 Live)Always watch for new names to add to your Go To List, especially hot new and recent issues that give us lots of movement. Watch the Video -> 2) U.S. first-quarter growth trimmed on weak consumer spending (Reuters)U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years, but activity is already picking up against the backdrop of a tightening labor market and tax cuts. Read the Article -> 3) Stocks Rally as Fading Italy Woes Sink Treasuries: Markets Wrap (Bloomberg)Stocks rose along with Treasury yields as investors deemed the market reaction to Italy’s political turmoil overwrought. The dollar slipped and oil rose. Read the Article 4) This Trader Averaged $1,170/Day in Profit Doing Something He Loves (T3 Live)Sami Abusaad can tell you he’s a real trader. But he’s going to let the numbers do the talking. Watch the Video -> 5) Bill Gross’ flagship fund cratered as Italy’s political turmoil rocked global markets (Business Insider)Bill Gross’ Janus Henderson Global Unconstrained Bond Fund cratered on Tuesday as the political turmoil in Italy sparked a sharp sell-off in the country’s bonds and sent investors rushing into safer debt. Read the Article -> 6) Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high (CNBC)Consumer Reports said Wednesday it now recommends the TeslaModel 3, reversing an earlier decision over the car’s long stopping distance and other issues. Read the Article -> 7) Is the 18-Year Cycle Giving Traders Whiplash? (T3 Live)Given the parallels with 2000, being agile with positions and opinions will pay dividends. Watch the Video -> 8)Amazon begins nationwide expansion of Whole Foods discounts for Prime members (TechCrunch)Amazon introduced 10 percent savings at Whole Foods for Prime members earlier this month, and today it kicked off a nationwide expansion of the initiative. Read the Article -> 9) Why Banks Were Looking Bearish Before the Italy Scare (T3 Live)Rob Smith points out that bearish setups were already in place for the banks BEFORE the Italy catalyst. Read the Article -> 10) Why I Don’t Read Books (Dan Lok)Entrepreneur Dan Lok has an unusual take on reading books: