This Stock Could TRIPLE
There are few beautiful charts out there. But Sami Abusaad believes Affirm Holdings (AFRM) could go from $53 to $150. Sami also goes over: Why he’s been so bullish on Twilio (TWLO) and Zoom (ZM) – both “double positions” in the Strategic Swing Trader Newsletter What is unique about AFRM’s monthly chart, and why Sami loves it The reason he likes AFRM more than PayPal (PYPL) The short-term bull case for Altice USA (ATUS) Medifast’s (MED) strong daily chart and buy setup And More!
Continue Reading -->[Updated] Tesla & Bitcoin Game Plans
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +8. As long as SPX holds the 5960 area, this active sequence can stay constructive without too much shaking of the tree. 6017 is the all-time pivot high. Bulls are starting to talk about 6300 in Q1. Overall, I’ve playing a little defense, but select trades are still working so I’m on the hunt for new ideas. Now let’s dig into some of our focus names. Bitcoin smashed through my $85,000 target way faster than I expected. It hit $94,000 and put in a huge topping tail. So I’ll have less exposure until we get some much-needed digestion. I’ll be looking to enter WULF, CORZ, MARA and MSTR again because Bitcoin could see $100,000 by Christmas. TSLA was a big hit on the election, and Power Plays made its final exit at $345.45 on Monday. Now the game plan is to wait for the $310 area, where it could set up another big trade opportunity. JPM hit a high of $248 and has since created a tight wedge-type pattern. This might help with the next direction. Above $244, perhaps it goes higher. Below $238, and it could see the $234 gap below. XBI is still frustrating. I added it to Power Plays at $102.54 and it’s been stuck in the mud since then. The ASH conference on December 7-10 is a potential catalyst, but if this breaks below $99, I’ll think about switching gears. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. *Scott Redler Positions Disclosure as of 2024-11-14 at 8.30.58 AM
Continue Reading -->SPX 6700 Is Coming. And You Can’t Stop It.
JR Romero predicts SPX 6,700 is coming in Q1 – making him more bullish than even FundStrat’s Tom Lee: JR also explains: How he went from IWM hater to small-cap bull What people are missing about the economy Why Nvidia (NVDA) is going to $200 Why Block (SQ) is going to $150 BTW… have you seen JR’s recent predictions? Check ’em out: Why SPX Will Hit 6000+ (October 9) Why Tesla Is Going to $300 (July 11) Why Bitcoin Is Going to $126,000 (November 13)
Continue Reading -->The Case for Bitcoin $126,000
JR Romero has been a massive Bitcoin bull since the low $60,000’s. And he still likes it: JR explains: The unique personality of Bitcoin post-election Why $91,000 is a key level here How Bitcoin $126,000 could be a reality Why the US dollar index (DXY) is key to Bitcoin’s performance Why retail is getting involved How to tell if the crypto rally is getting overheated (it has to do with the parking valet…) And as a bonus, JR shares his price target for Netflix (NFLX) at the end of the video… BTW, did you see JR’s predictions of SPX 6000 and Tesla $300? Check them out here: Why SPX Will Hit 6000+ (October 9) Why Tesla Is Going to $300 (July 11)
Continue Reading -->How to Break This Market (Hint: It Won’t Be Easy)
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 -->Bitcoin + Tesla Go BOOM!
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX futures are +17 to start the week after a huge post-election trade. Europe is broadly higher. China is still choppy with no continuity. SPX hit a high of 6012 thanks to Trump enthusiasm and string seasonality. Bitcoin, TSLA, IWM, XBI, and AMZN have been key names for us lately. Now let’s dig into some of our recent Power Plays names: Bitcoin became my #1 theme on October 11th. It was $62ish and it hit $82k+. I’d always take some profits, but I’d think the Turkey Trot continues toward $85k by Thanksgiving. We participated in Power Plays via IBIT, WULF, and MSTR. I already trimmed my IBIT and WULF longs today. AMZN broke a massive barrier by getting through $200 once and for all. It hit a high of $212+ last week and I sold most of my $202.50 and $207.50 calls. I’d think this holds $207ish and sees the $220+ area in the weeks ahead. TSLA smashed through my $300-$315 forecast way faster than I thought. It went to $328+ Friday and is at $342+ this morning. I’ll trim and trail. Do not get cute and fight this move. XBI joined Power Plays on Wednesday because I expected it to break through long-standing resistance around $103. It’s finally waking up and I exepct higher prices into year-end. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Trading Tip for This Week: Have a Plan I follow a strict set of risk management principles so I keep moving in the right direction. I respect key moving averages, pay close attention to the big trends, and keep losing trades in check. And, most importantly, I enter every day with a plan. When the market opens, I have a list of stocks I’m ready to buy or sell at specific levels depending on what I see. This way, I’m ready to react instead of hoping to stumble onto opportunities. Making a plan is not only important for my trading, but I consider it to be a major part of my job description. This Week’s Calendar All eyes are on CPI, PPI, and Retail Sales this week. And we have some key names reporting earnings like HD, SPOT, CSCO, DIS, AMAT, and BABA. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-11 at 8.41.46 AM
Continue Reading -->Why Now Is The Time For XBI and IWM with David Prince
David Prince remains bullish both small caps and biotech into the end of the year. He explains why the Trump election win makes higher interest rates less of a headwind for both IWM and XBI in this video: David also discusses: Why this time of year tends to be the best for IWM and XBI Why $103 is such a wall for XBI Whether the weight loss drug story may be running out of steam If the post-election rally will continue The state of the housing market amid higher rates And more! Want to work with David? Apply to join the Inner Circle here!
Continue Reading -->How JR Became Mr. October (and November)
JR Romero is our Reggie Jackson — our very own Mr. October. And with how things are going, he’ll be Mr. November too! On September 25, JR issued a $200 price target on Nvidia (NVDA). And since then it’s run from $123 to $146+ this morning. Then on October 9, he said the SPX will hit 6000+. You can watch that hot take here: So we wanted to update you on JR’s takes from this now-legendary video. First, the SPX went from 5792 up to 5952. What else happened in that video? JR said Palo Alto Networks (PANW) was going back to $380. It hit $386.20. He also issued an insane $250-$254 price target on controversial Bitcoin name Microstrategy (MSTR). Mind you, MSTR was at $188.91 when JR issued that target. And it hit $267.89 on October 29. And of course JR has been bullish on Bitcoin since early October – a full home run! But what about Carnival (CCL)? JR predicted a $7-8 measured move. It’s gone from $18.87 to $24.34 already. He also said Robinhood (HOOD) looks fantastic. It’s gone from $25.65 to $30.06 as one of the biggest post-election winners. Nutanix (NTNX) was also in focus. JR said it would fill the gap to the $71 handle. And it went from $63.17 to $69.95. And his other picks Starbucks (SBUX), Chewy (CHWY, Air Products (APD), and Snowflake (SNOW) are up modestly. So JR 7 big wins, and 4 little wins. 11 for 11. Not bad, huh?
Continue Reading -->Tesla and Amazon Still Poised to Win
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +16, giving some upside follow-through to yesterday’s huge move. The Election is behind us and Fed Day is today. If anything can derail the rally, it will be inflation coming back and higher rates, so we’ll listen closely to Powell’s press conference. I took down some risk and booked a lot of gains into yesterday’s move to SPX 5936. In Power Plays, we have been focused on TSLA, AMZN, plus Bitcoin plays IBIT and WULF. Needless to say it’s been a nice week. Now let’s dig into strategy: TSLA was amazing for us. I was long the $260 and $270 calls into yesterday. Now, I am long the stock and calls for a move to the $300-$315 area. The stock needs to hold $273 now. Elon made a big bet by affiliating with Trump, but it certainly paid off. Remember, we always let the technicals guide us, which is why I was long into Election Day. I wasn’t just speculating on the outcome. AMZN was a big winner this week. I bought $202.50, $207.50 call and also went long the stock as it finally cleared the $200 wall to reach $207.55. I’m looking to buy dips for a possible move to $220 by year-end. XBI’s weekly chart looks great. I do have calls calls on. I’ll trim and hold some. This can hit the $110 area this quarter. I’d like to see it break through $103 with authority. Bitcoin became my #1 theme on October 11th. It was $62Kish. Tuesday, it hit $75kK. I’d always take some profits, but I’d think this starts a move to the $85K area by Thankgiving. PLTR changed some investors’ lives by hitting $55+. It’s a little extended now. Digestion above $51 makes sense. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-07 at 8.08.17 AM
Continue Reading -->Will the Trump Rally Last?
Stock and crypto currency markets are shooting higher after Donald Trump’s election victory. But can the good times last? JR Romero, Derrick Oldensmith, and Sami Abusaad answer: The team discusses: Whether they are still bullish on the market here The bull case for Bitcoin right now Why Super Micro (SMCI) is falling apart If Tesla (TSLA) is worth chasing because of Elon Musk buddying up with President Trump Whether small caps can finally have a day in the sun Why we don’t need to trade stocks 24 hours a day Their favorite ideas right here and now And MORE! *Derrick Oldensmith’s Positions as of 2024-11-07 at 2:03 pm ET: Long BABA, BYON, CVX, EVGN, JD, PATH, QRTEA, TELO, TRSG, TSE, TZA, U; is short NVDA, PLTR, TQQQ, UPRO
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