T3 Live
Shares

Scott Redler: Why I’m Not Crazy About This Open

Shares

On Friday, Apple (AAPL) reclaimed all moving averages on Friday as it cleared the $188 area.

Yesterday, it hit a high of $190.68. See if it holds the gap pivot of $189.30 to keep some active upper commitment.

As I said, on Thursday, tech gave clues that markets could be bought. QQQ's cleared the lower-level pivot and filled the gap above $174 to show some power on Friday. Now see if it can hold $175.74 to work its way back towards $177.98.

And let's talk about Netflix (NFLX) since we focused on it so much last week.

This was my favorite pattern. It broke above $400 and hit a high of $408.65 Friday, and today it's up another $7. I trimmed some and will manage the rest.

It's in the game to hit all-time highs but might need to digest first.