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Scott Redler’s Chart Attack: SPX, GOOGL, BABA
This morning the SPX futures are pretty much flat as things feel stuck below 2144-2149 but above 2114-2124. We’ll patiently wait to see which way this resolves as company earnings are released. Individual names will be better to focus on as there is more movement in them, for now. Google (GOOGL) finally gave a cleaner move above $816-820 and hit as high as $828.81. If you sold some strength buying into this $820 zone, it would be good if it holds for additional gains thru earnings. My 2016 target is north of $850. BABA was another great focus from my 2016 report. It has been the most active for us since we listed it back at $81-$85 and then $93.50 and again at $95. At this point, it is near weekly highs and it looks like all time highs can happen this year. Right now, it’s digesting above $99 and I may look into a different option strategy for next quarters earnings.
Continue Reading -->Morning Call Express: Back From The Beach
In today’s Morning Call Express, Scott Redler talks about the key levels on the SPX for both support and resistance. He also looked at the charts of USO, AAPL, BABA, TWLO, as well as others.
Continue Reading -->Scott Redler’s Chart Attack: SPY, BABA, GDX
SPY has been choppy but the range is intact. Support is $217.35, then $216.25. Resistance is $218.67, then $219.60ish. Take things slow and don’t overtrade. BABA has digested a nice targeted earnings move for a few weeks. Holding $95.45 would help it get above $96.68 on the way to $99+. GDX already broke the 8/21 day and didn’t respect the 50 that was already lost. Use $25.66 as your pivot. This can see $23-24 on a strong jobs report. Positions disclosure: Scott Redler is long BABA, BABA calls
Continue Reading -->Scott Redler’s Chart Attack: SPY, BABA
SPX futures are up 1 point as we lost some momentum last week. SPY gave us a new point of reference at $216.25. A close below there opens the door to $215ish. $218.20ish is resistance. A pop and close above there relieves some pressure. We got bullish on BABA into earnings, playing the stock and buying calls. The earnings gap held $93, which we can trade against. For it to get momentum back, it needs to get and close above $95.50, then $99. P.S. Don’t be afraid of forex… Click here to get a FREE introduction to this exciting market… Positions Disclosure: Scott Redler is long BABA, short SPY
Continue Reading -->Scott Redler’s Chart Attack: AAPL, BABA, NFLX
Want to Start Earning Bigger, More Consistent Profits? Dave Green can show you how! Check out the charts below of AAPL, BABA, and NFLX with my analysis. AAPL: See if it can hold $107.50 for a move above last week’s highs to $110-$112 resistance. BABA: Gave us a nice pre-earnings trade noth of $85 and a better options play into earnings. NFLX: Has been lagging but we saw some insider buyers. The pattern is tight and if it can clear $97-$97.75 with authority, maybe there is a trade back to $101, then $105ish. I’d use $94 as a stop. Disclosure: Scott J. Redler is long AAPL and NFLX
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