The Curious Case of Amazon vs. Jeff Bezos
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. We have mixed markets around the world as we prepare for election week. A few weeks back, everyone loved the Trump trade. Then the past week or so, TSLA, DJT, and Bitcoin corrected. Now some think that Harris has the edge because alt energy is higher. Know your risk and time frame because anything can happen this week. SPX‘ low last week is 5703. Under that is the 5650-5670 area which was a key spot below. And above, the 100-day is 5570. 5775 is above with a gap that fills to 5811. Now let’s dig into some individual names: RDDT gave Power Plays one of our biggest wins of the year from $67.81 on October 3 up to $114 on Friday. We’ll see if it holds the $104 pro earnings gap. AMZN gapped up and the $200 offer was thick. It turns out Bezos was a limit seller again. He sold 16 million shares. He suffocated the name the same way back in July. We’ll see how it acts this time. The gap pivot is $197ish. We’ll see if that gets reclaimed today. $192ish needs to hold. Otherwise, this gets sloppier and less attractive. CCJ hit a high of $58.72 and now looks more like a false breakout. See if it can hold the 50-day near $49ish now, which might provide a re-entry opportunity. Nuclear names OKLO, SMR, and NNE hit highs last week and need time. Strong names with momentum usually hold the 8/21-day. When that changes, you adjust. GLD hit historic highs at $257.71. Congrats to all that accumulate monthly or trade actively. It pulled in a bit. We’ll see if it holds the 21-day which has been support since the most recent active sequence that started when it cleared $222. 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 Tip for This Week: Live a Balanced, Healthy Life If you’re happy and healthy, you’ll think more clearly when trading. So tackle your personal problems as best you can. A good home life means a sound mind. And when you can, put your body to work and let your mind get away from the markets. You don’t have to run a marathon. Play basketball. Lift weights. Or just take a walk. There’s a time to work hard, and there’s a time to settle down. You need both in your life. This Week’s Calendar The US Presidential election is obviously on everyone’s mind this week. But we also have the FOMC on Thursday plus earnings from key tech names like QCOM, ARM, and ANET. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-11-04 at 9.44.01 AM
Continue Reading -->Sami Abusaad and JR Romero’s Bitcoin Price Target
We’re deep into earnings season… but quietly Bitcoin has just hit all-time highs above $72,000! Michael Saylor… the Bitcoin-stan and CEO of MicroStrategy (MSTR)… just pledged another $42 BILLION buy of more Bitcoin. The company already owns $18 billion. There’s rumor this supply squeeze will eventually cause Bitcoin to cease being priced in fiat in the future. He says: “We’re going to promote global adoption of Bitcoin as a treasury reserve asset. Promote it to countries, cities, states, and companies (both public and private.)” Donald Trump has pledged as President to turn America’s $12 billion in Bitcoin holdings into a national Treasury reserve. Today, Sami Abusaad and JR Romero tackle the topic of crypto. Sami… long an advocate and trader of cryptos has been bullish on cryptocurrencies for years. JR more sees crypto and Bitcoin as a tradeable asset. Today, they dig into where Bitcoin could go next. Take a listen: SMCI crash! Is this the end? We saw a 25% crash in SMCI on October 30th. SMCI’s auditors went rogue and quit on them, raising huge red flags. JR even called this two months ago calling SMCI the “Bernie Madoff of tech.” Once a darling of the year… with many of our traders, including JR, riding the SMCI wave as it 4X’d from February into the summer…. What’s going to happen to it now? Is the run in semiconductor stocks over? — Sami answers The guys also cover: Will next week be volatile or a ‘plain old week?’ If the election is contested… what could happen to the market? JR’s surprising election buy Watch it all now in the video above!
Continue Reading -->The Case for Bitcoin $80,000+
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. We have mostly red arrows around the world as some mega-cap earnings didn’t impress. META talked about some elevated costs, and MSFT lowered revenue guidance. We have the September PCE report at 8:30, AAPL and AMZN earnings tonight, and the jobs report on Friday. And of course, Tuesday is Election Day. It’s important to know your time frame in periods like this. Long term monthly flows are always a good idea. If you are active and trade for a living, see if SPX 5762 holds. Otherwise, it can get choppier to the downside with the 50-day near 5700. Now let’s dig into some individual names, starting with the topic of today’s post: Bitcoin: On October 11th, I announced my Bitcoin Turkey Trot theme. And Bitcoin’s gone from $62.5K then to $73.6K earlier this week. My favored names for action – IBIT, CORZ, WULF, MSTR, and MARA – gave us nice opportunities with various setups. Now we will see if $70-$71k holds for a move to $80K+ through next week. AAPL: Too much banter around this name for active traders. Investors should just sit back and hold like they’ve done for years. Today is the print. We’ll see if this holds $227 into the event, and if it clears $237 after the print. I have no exposure. META’s morning low is $563ish. I’m glad I took off half the options play into the print as it had a nice move prior. The rest will lose. We’ll see if the low is in the first 5-15-30 minutes for sentiment. MSFT was decent, but lowering revenue guidance with a high valuation has it lower. We avoided this. If you trade it, watch the $414-$415 area as active support. Below that is $408ish. We’ll see if it makes a low in the first 5-15-30 minutes or if it trends down all day. NVDA seems like the only semi worth trading. This needs to hold $136.81 to stay constructive. Otherwise, it can get trickier. LLY came off the lows and needs time to rebuild. Investors will be fine. There is not much to do as traders. Yesterday’s low is $769. See if it goes red to green. 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 2024-10-31 at 8.44.34 AM
Continue Reading -->What David Prince Is Focused On For MSFT Earnings
Microsoft (MSFT) reports earnings after the market close on Wednesday. The capital expenditures numbers in the last Microsoft report were a screaming buy signal on Nvidia (NVDA) for David Prince. So what’s the key metric David is focused on this time? He answers in this video: David also discusses: How the Inner Circle nailed TSLA earnings, VKTX, the China trades, and AI stocks How he helps traders transform into big money managers The importance of having a community to help you focus on the right ideas And more! David is giving traders a special opportunity to join the Inner Circle! But this deal is about to end. See the details here.
Continue Reading -->Bitcoin Looks Great. And THIS Looks Even Better.
Sami is STILL bullish on this sloppy market, and he still likes Bitcoin… plus he announces a coin that looks even better than Bitcoin! Sami goes over: Why we must key on the weekly charts for SPY & QQQ Why he does not have a ton of setups this week How he can be bullish even with a tricky daily chart The thing that makes IWM different from SPY & QQQ now Why he is still bullish on Bitcoin How Bitcoin’s sell setup failed (this is bullish) What makes Solana even better than Bitcoin The state of Ethereum right now The controversial ETF that Sami likes right now 4 other buy setups he sees 10 names that could sell off And MORE!
Continue Reading -->Can Tesla Hit $300?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures went from +35 to +20. We have lots of earnings and economic numbers coming this week. As long as the index holds 5762-5784, we can’t get too bearish. Pivot resistance is 5862-5878. QQQ: Friday’s strength was sold in tech, but it still acted better than most sectors. Pivot resistance is $500.28, then $503 is the July high. Each day will be different this week based on the reports, starting with GOOGL and AMD Tuesday. Now let’s dig into some individual names: TSLA was a huge winner for us last week. I had $240 calls into earnings, sold some, and created a call spread with the remainder. Then I added this as a Power Play Thursday at $250.24 as my #1 election play. And on Friday it hit $269.49. It’s at some resistance near $271 this morning so I may manage it today. But if Trump wins, this can easily be at $300-$315. GOOGL’s pattern is tight and seems like a low-risk option play into earnings Tuesday post-close. Last week, I bought $170 calls for this Friday. I might trim because it was up Friday, and up another 2% today at $166+. $169 is the next spot to watch. AMD reports tomorrow. It was $174 in early October. I am long $165 calls for Friday. On Friday it hit $158.91. We’ll see if it clears that prior to the print. SMCI: Earnings are November 4 The stock has been battered and bruised with plenty of controversy. I bought small lotto calls because sentiment is so negative. $50.61 is pivot resistance of this lower-level channel. 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 Tip for This Week: Remember That a Bad Day in the Market is Not a Bad Day in Life We all have losing days. They are part of the game. If you can’t accept down days, weeks, and even months, you had better look for something else to do. But you can’t let the bad times get you down. Life has to go on, no matter how good or bad your trading is going. There are worse things in life than losing money — especially when you think about the big picture of health, family, etc. Never forget that. This Week’s Calendar This week is JAMMED with big events, We have earnings from GOOGL, AMD, META, MSFT, AAPL, AMZN and many more. On the economic side, we have GDP, PCE, NFP, etc. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22 AM
Continue Reading -->Tesla Still Has Room To Run with David Prince
Tesla (TSLA) rallied higher after beating Q3 earnings expectations, crushing on margins, and guiding higher for the future. David Prince was laser focused on margins heading into the print. And when the EV maker reported gross margins of 19.8% vs just 15% expected – he was all in! Now even after the stock’s best day in over a decade, David says Tesla still has more room to run: David also discusses: How the Inner Circle played Viking Therapeutics (VKTX) after earnings and new data The 5 pillars of becoming a bigger trader And more! David is hosting a free webinar next week with a special opportunity to join the Inner Circle. Sign up here!
Continue Reading -->Tesla Destroys the Bears – THIS Is My Game Plan Now
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX futures are +25 after shaking the tree down to the 21-day yesterday at 5762. SPY broke $580.50 and hit a low of $574.41 to shake the tree. I was long SPY puts and short premium in anticipation of that. Today SPY is up as we see if $580.50-$581.75 serves as stiff resistance. I’m not bearish — I just think we can be stuck in a range for a while. I shorted some SPY around $580.75 pre-market. Now let’s dig into some individual names, starting with the topic of today’s newsletter: TSLA is up 14% on its impressive earnings report, pushing the bears back, big time. The stock has been stuck in a range trade since the 2021 top, but we could see $260 to $271 before the election, though of course that depends on what kind of follow-through we see. I’m coming in long 11/8 $240 calls. This is what I’m looking to do: Sell 25% of the calls to lock in immediate profit Turn 25% of the calls into a spread to reduce risk Hold 50% to potentially benefit from more upside I also played the stock through the $224 gap yesterday afternoon. AAPL: there is a lot of debate about how the quarter will turn out. There was a report yesterday about lower iPhone 16 orders. It held $227-ish. I’d avoid it until closer to the print. Actively, it’s tricky. But it’s fine as a long-term investment. NVDA held the 8-day yesterday, giving us $137 as a new point of reference moving forward. That needs to hold. I don’t think it runs away, but it’s still a focus. Pivot resistance is $142, then $143.71. IBIT held where it had to yesterday, giving us the $37 area as new support. I got bigger and I’ll trim some this morning. 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 2024-10-24 at 8.26.56 AM
Continue Reading -->Why I’m Bearish On Tesla Into Earnings
Does Tesla (TSLA) look like trash into earnings? JR Romero says YES: JR explains: Why the Robotaxi was a “crack in the foundation” for Tesla stock The fundamental questions that could sink the stock Why Tesla stock is at risk of falling after earnings today If it’s fair to compare Tesla to Amazon (AMZN) How Elon Musk’s “pie in the sky” promises impact the stock’s valuation The risks with Elon’s increased political activity, which make no sense based on the company’s business model The reasons he is bullish on the stock long-term, even with its short-term challenges
Continue Reading -->5 Rules for Novice Traders to Succeed from JR Romero
JR Romero says the rules of trading are simple, but the execution is not easy. In this video, he goes through the 5 things novice and intermediate traders need to do in order to succeed: JR shares: The post-market routine you need to establish Keys to creating a solid game plan How to recognize what is moving in the market How to find your edge in trading Why money and risk management rule all
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