Why Bitcoin Will Fall to $80,000
Sami Abusaad has been a long-time Bitcoin bull. But he believe the leading crypto currency will drop to $80,000. In this video, Sami goes over: The big rounding top in Bitcoin that signals a pullback Why he is bullish on prison stocks like Geo Group (GEO) Why he told traders to hold onto AngioDynamics (ANGO) The bullish case for Gold (GLD) A stock that Sami’s never heard of that has a beautiful chart And more!
Continue Reading -->Nvidia #1 – But for How Long?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. SPX futures are +30 after Friday gave us clues to put on more risk. The leaders leaders acted well and the SPX took back the 50-day. The neckline near 5832-5866 served as better support, and now we’ll see if they blow out the right shoulder with a strong close above the 6006 area. That would negate the bear case. I added NVDA to Power Plays on the open Friday after the stock regained leadership status. It’s the #1 Mag7 name to kick off the new year. And the game plan is to trim into this morning’s strength. CEO Jensen Huang is doing a keynote at CES tonight, but the stock’s already moved quite a bit. But I’ll be looking to buy weakness because I see more upside in the weeks ahead. AVGO still looks great. We highlighted it as a leader last week. And if markets continue higher, $251+ can happen in the days or weeks ahead. META had a decent close Friday. I have calls on, and it’s still a Power Plays name. Now we’ll see if it gets and stays above $611.50 to start a sequence higher. $616ish is above that. NFLX stopped out most active longs around $915 and hit a low of $877 last week. Not much to do here as it tries to figure out what’s next. It’s below the 8/21-day now, so it’s time to be tactical. I bought CCJ back after its corrective phase when gave it $51.60 to buy against. Now, we’ll see if it starts trading better. The first obstacle is to hold early gains and build. 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 2025-01-06 at 7.28.17 AM
Continue Reading -->This NVIDIA Level Is Key Right Now
LIMITED ENROLLMENT: Brought to You By Power Plays Options – Get My #1 Pick Each Week Registration closes soon. Do not miss this opportunity. We have a big divergence to start 2025. International stocks are under pressure while SPX futures are up. It will be important to see if early strength holds and builds, or if it fades. First resistance area is SPX 5929-5940. If it clears and holds, it will push the active bears back. Now let’s dig into some names: VAL finally triggered as a January effect name, so I’m glad we added it to Power Plays Options on December 30. It’s up about 2% this morning on a rise in oil prices. $46ish is some resistance. I’d look to trim and trail. NVDA has been range bound since the $149.76 Red Dog Reversal sell post-earnings. It hit $133 to close 2024. We’ll see how it reacts on Day #1 of 2025. Will early strength hold, or be sold? $138 is big resistance so keep that price on your radar. This is a key name that could affect the complexion of early 2025. AVGO showed relative strength to close 2024 so we need to see how it trades in early January. $238 is pivot resistance. $231 is big active support that I want to see remain intact. RDDT put in a small topping tail as it hit $182.20. For today, see if early strength holds or if profit takers come in. $162 is key upper support that needs to hold now. AMZN: after a big move from $202 to $233, it stopped many out as it broke below $226 to see the $218 area. For today, we’ll see if early strength gets faded or holds. See if it clears $223. LIMITED ENROLLMENT OPPORTUNITY Get Scott’s #1 options idea each week. Registration closes Sunday. Do not miss out your chance: See why now’s the right time to join. *Scott Redler Positions Disclosure as of 2025-01-02 at 7.53.59 AM
Continue Reading -->TLT Is the Boss Now
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. Last Wednesday, the trade changed when the Fed gave a hawkish spin on next year, with 50bps of expect cuts vs. the 100 the market wanted. SPX broke 6030 so I lightened up on position size and quantity. In Power Plays, we exited TeraWulf (WULF), Intuitive Machines (LUNR), Citigroup (C), and Apple (AAPL). Futures are flattish, and it’s hard to tell what will happen this week. I’m watching rates very closely because that’s what dictating sentiment. Equity markets don’t like when the 10-year yield makes new highs. TLT made a low of $87.50 last week. If it can hold above that this week, we have a shot at a bounce. If it breaks, we could be in trouble. So put that on your screen and watch it closely. Yes, we’ll keep tracking names like TSLA, AMZN, META, etc. — but when it comes to market direction, rates are the boss now. Now let’s get into some names. NVDA lost special status with the Red Dog Reversal on earnings day around the $149.76 pivot. We’ve had some range trades, but that’s all. Friday, it didn’t make a new weekly low and rallied hard. I did take some long vs. $126.80. I’ll trim and see if it builds. AVGO had a gap-and-go post-earnings and went to a high of $251+. Swing longs want it to hold $211ish. It was upgraded today. I’d be trimming. Pivot resistance is $228ish, then the post-earnings high at $251.88 could come into play. RDDT re-built fast as it was one of the few stocks that held the 8-day. Some are long vs. the $157 area. We’ll see if any high-growth stocks can make new highs this week. If so, this is a candidate. The first step is getting and staying above $174. Then $181 comes into play. I started buying OXY as a January Effect play a little early. News that Buffett added helped. I’d think it has room back to the $50 area or higher. 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 2024-12-23 at 9.32.29 AM
Continue Reading -->Tesla And Bitcoin Can Still Work Post-Fed
Tesla (TSLA) and Bitcoin are getting hit hard after Fed Chair Jerome Powell sent a message to the market that interest rates will stay higher for longer. But David Prince says these names can still work. He shares the levels he’s looking for as a trader in this video: David also covers: Where he likes Nvidia (NVDA) How he’s adjusting his strategy to focus on higher quality names Why and where he would be a buyer of Advanced Micro Devices (AMD) Why inflation matters again to the market And more! Want to work with David? Apply to join the Inner Circle here!
Continue Reading -->I Like DJT – And It Has NOTHING to Do With Politics
Sami is all about the charts… and one of his favorite charts right now is that of DJT! Sami explains why: He believes Trump Media & Technology Group (DJT) is going to $45 The bull case for controversial dating stock Grinder (GRND)0 Why he DOES NOT care about politics or business models when picking stocks (it’s all about the charts) Why Upwork (UPWK) looks bullish Why is long the dollar stores like Five Below (FIVE) The bull case for Micron (MU) into earnings How he is managing his Zoom (ZM) position Roku’s (ROKU) excellent long-term outlook His favorite China plays right now And MORE! As you can see in this chart, DJT is “curling up” the way Sami likes to see:
Continue Reading -->Scott Redler Likes These Beaten-Down Dogs
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. Scott Redler appeared on ‘The Claman Countdown’ on Fox Business to discuss the market environment into the December 18 Fed Rate decision. Scott goes over: The problem with chasing performance in stocks like Tesla (TSLA) after huge post-election moves (a name Scott just exited in Power Plays) The 2024 progression of rotation that led to the Mag7 stocks taking over again Why traders don’t want to take profits on the leaders in December Why he’s eyeballing the Dow Jones Industrial Average The beaten-down stocks he likes right now 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 2024-12-18 at 8.01.26 AM
Continue Reading -->Is CELH the Next “Big Comeback” Stock?
Sami Abusaad is back with this week’s swing trade game plan! Sami explains: Why uptrend is intact The one thing that could take the QQQ down What makes SPY different from QQQ Why IWM is such a head-scratcher right now The bullish case for CELH, which could be Sami’s next big comeback stock The reason Sami is breaking his rule with FIVE Why PYPL and ROKU are strong long-term plays 5 names Sami thinks will drop
Continue Reading -->Tesla $600? Too Soon to Say?
Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Week. SPX futures are +15 handles as we kick off Fed week. We’ll see if SPX holds the 6030 area to consolidate for one more move up into year-end. Tech led the charge over the past few weeks. QQQ hit a high of $533 after the wedge pattern triggered above $511+. We’ll see if the 8-day holds as we look for new setups. $524 is support. It’s been a great run for the Mag7 (minus NVDA), which is why I’m glad we focused on AAPL, META, TSLA, and AMZN in Power Plays over the past month. Unfortunately, I did some profit-taking early, but we can’t be perfect on everything. TSLA was my #1 focus pre and post-election. And it’s the #3 SPX name in December with a 26% gain. There were so many awesome setups and it’s at $440+ this morning. I’d trim and trail. It’s hard to buy it today, but that doesn’t mean it’s an easy short. It can see $550-$600 next year so I’m looking for opportunities to reload. SMH is trying to get out of the danger zone. AVGO responded well to earnings. Some are optimistic about MU this week. SMH needs to hold $246ish, otherwise back towards $237-$238 it can go. NVDA has been lagging. And ever since the Red Dog Reversal sell post-earnings, it’s just been a range trade. Watch $131.80-$132.50. If that doesn’t hold, it might bring out sellers. AMD gave a tactical Red Dog Reversal at $127.07 last week and got negated fast. I’d avoid it. Since we are approaching year-end, the January effect is a big part of my strategy. The January Effect is when beaten down stocks and sectors rally into year-end after tax-loss selling gets exhausted, and sentiment gets extremely negative. In recent years, the January Effect has started earlier and earlier due to trader anticipation. Three of my favorite January Effect names this year are CELH, OXY, and VAL. Just be aware that you never know if/when these types of names wake up, so you have to watch your sizing carefully. 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 Use Technicals: Not News Headlines and Economic Statistics As Your Guide to the Markets I earn my living trading, so price is the only thing that really matters. The news flow and macro trends are important, but not as much as actual market movement. Be aware of what’s going on in the world. Just take it all with a grain of salt. We make money by riding price movements — not by being trying to be ‘right’ about politics and the economy. Remember the Brexit or the 2016 US Presidential election? The news headlines said the world would end. The price action said otherwise — and the price action was right. Doomsday will hit sooner or later — but allow the market to tell us when. That’s why in Power Plays, we hunt for opportunities using trend analysis. This Week’s Calendar We have a busy week ahead with the Fed Rate Decision, Retail Sales, GDP, and more P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-12-16 at 8.05.56 AM
Continue Reading -->FLASHBACK: JR Romero’s Wild Tesla Prediction
On June 5, we asked JR Romero “If I could give you $1 million in any stock right now, what would it be?” JR answered Tesla (TSLA) — back when the stock was trading at just $175. JR explained: That Tesla (TSLA) was BRUTALLU undervalued The power of Tesla’s AI, robotics, and Robotaxi efforts Why he liked it more than Nvidia (NVDA) And what happened? Tesla went to $425+ for a 143% gain. At the time of JR’s prediction, analysts were predicting Tesla would hit just $181.90. JR was right. Wall Street was wrong. And now Tesla is the 3rd best performing Mag7 name this year with a 72% gain.
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