2024-12-16

Navigating Market Uncertainties with Scott Redler’s #630club

In the ever-turbulent sea of stock trading, where every little breeze could mean the ripple of big changes, it’s essential for serious traders and casual investors alike to anchor their strategies on robust insights and timely advice. On December 16th, 2024, Scott Redler, the Chief Strategic Officer at T3.com, addressed members of his popular #630club and other viewers in a video aimed to guide them through the complexities of the financial week ahead. Here’s your catch-up on the key insights and actionable market wisdom he dispensed for navigating Fed week with poise and purpose.

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The Opening Bell: Redler’s Market Kickoff

The trading week sprang to action with Scott deliberating over the potential ramifications of the upcoming Federal Reserve announcements. Speculations around the Fed’s decisions wax historical impacts on markets which indicated a possible rate cut, albeit with a ‘hawkish’ stance. In his usual riveting kickoff, Redler detailed his pre-market plays and set the anticipatory tone for a week where decision-making precision would be crucial.

Updated Portfolio Moves and Key Transactions

Scott demonstrated real-time adjustments to his portfolio, indulging in strategic sells which he shared live with his Alpha Team. The real-world example of dynamically managing stock options based on market speculations emphasized the blend of tactical retreats and forward charges required in high-stakes trading environments.

Navigational Insights: Sectors and Stocks To Watch

Redler’s walkthrough of market trends included a granular analysis of tech giants and a strategic discussion around NASDAQ movements. He had previously positioned bets on stocks like MIS and MCH anticipating their addition to the NASDAQ 100, a move that paid off as he revealed during the session. His detailed coverage on SPY trends and "the upper channel" offered a roadmap to both risk-averse followers and day traders gunning after short window gains.

Mid-Morning Adjustments and Market Reactions

A crucial insight for novice traders and seasoned market players is timely response to market unpredictability. As stocks he had discussed like Tesla and Amazon showcased fluctuating levels of activity, Redler illustrated the art of quick-footed trading – sometimes selling into strength, other times buying on dips, underscoring how adept traders need to be in adapting their strategies swiftly in response to market pulses.

Risky Plays and Sector Tendencies

Beyond the go-to stocks, Scott explored the terrain of riskier assets, including insights on the January Effect and potential bounce-back candidates like OXY and other underperformers. His cautious approach to these bets highlighted the blend of opportunistic plays with conservative strategies to buffer against potential losses.

Closing Notes and Forward Outlook

Wrapping up, Scott did not shy away from forecasting the thorny edges of a Fed week. With personal anecdotes and reinforced strategies, he advised maintaining a balance between aggression in plays and safety nets through diversification or cautious plays within sectors known for resilience or upcoming cyclical advantages.

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Key Takeaways for Traders:

• Monitor Fed Announcements: Pay close attention to the nuances of Federal Reserve directives and market reactions to gauge short and long-term strategies.
• Dynamic Portfolio Management: Stay ready to pivot, with quick sells and buys based on real-time market sentiment and sector movements.
• Embrace Sector Trends: Keep a keen eye on technology and consumer stocks, often indicative of broader market health and sentiment.
• Risky Bets with Care: Engage with underperforming stocks for potential gains but hedge these moves with safer, more stable investments.

Navigating the stock market with the acumen of seasoned traders like Scott Redler provides a vantage point that’s both educational and potentially profitable. With these takeaways, traders can enhance their playbook and potentially steer through market volatility with greater confidence and strategic foresight.

Watch this video below for more info:

Scott Redler’s #630club



2024-12-16 23:56:53
https://www.t3live.com/scott-gap-ebook-yt to get Scott Redler’s new gap trading ebook. Includes case studies on trading Microosft, Netflix, Shopify, Tesla, and Meta with stock and options.

Video transcript:
all right all right got a little nervous for a second some things weren’t working something Monday morning gotta have everything a little uh little streamlined anyway uh here I am it is 6:31 it is December 16th it is fed week hopefully everyone’s feeling well had a great weekend I know a lot of people starting to have some holiday parties some tree trimming parties getting things ready to go anyway my name is Scott rler I’m the chief strategic officer of t3.com let’s make sure we’re working here hold on what on here this yeah here there it is who touched my there all right once again take two take two this is uh Scott redler making sure everything is up somebody somebody is messing with my settings anyway my name is SC did I say that already Yes I did on this Monday morning lucky I was in the sa and ice barel this morning otherwise I would never been able to uh you know to figure this out who I am and what I’m doing after a long weekend but anyway I’m only kidding uh it is Monday and we do have a week ahead of us uh thank goodness you know we’re getting an easy start for those of you who did watch my 230 video you saw that I was putting some money to work in um in Mis and MCH some options you know thinking that maybe Mr was going to be added to the NASDAQ 100 and uh PS lo and behold the news did come out so so that helps the morning yes it’s always good to start off on the right foot but anyway um you know so for those on the Alpha Team who get to see everything live I think everyone’s kind of feeling good this morning I’ve already trimmed a little bit of mistext it says see what happens is I I sell some and they get to see it I’ve already trimmed a little bit of ibit they get to see it you know what I might even sell a little bit more of this so what happens is if when I go to sell it um it then flashes red so um let’s see if uh I sell some sell a little bit should flash red and that is how everybody kind of follows along you know for those of you in the 630 Club you know I get it you know you might not trade for a living and you might just want to get a little added value and get prepared for your day but those who do trade for a living they get to see everything as it comes on and off so anyway let’s move on from that it’s always though to come in and get a little bit of a head start doesn’t always happen that way that’s why I’m always getting the the Mind Right sometimes you take out positions and what you think’s going to happen doesn’t happen so then the situation changes and you have to think in your mind how do I readjust to make the right decision at the right time that’s the Red Dog mindset hopefully developing your own so anyway um you know you look at this upper channel of of the spies and you’ll see that it’s like hey you know not the end of the world after a huge move like we’ve seen we’ve been in an active SE sequence pretty much in September 11th remember I try and measure active sequences you and how do we stay in a portfolio approach you know and and take advantage of it well we started the year right here they started with a little bare surprise right um on September 11th they did the wash out and literally from here I think we’ve been managing all different types of positions all the way up to where we made a new high of 609 uh last week so uh we do have the fed this week you know the CPI the PPI were a little conflicting the CPI was a little in line to light the PPI a little in line to hot um you know most people are saying or think that we do get a still a 25 basis point cut but it’ll be like a h Hawk hawkish cut where they cut and then they’re like okay you know now we’re getting back to a little data dependent and we might not do anymore especially if things continue to be heated up so for this week I would say uh 602 is the low from last week as long as we stay above 60 two I always sometimes say you can’t get too bearish meaning we’re going to try and stay long a bunch of things um so anyway um with that being said this is 602 if you remember last week I’m like 607 is a spot 609 is a spot and we’ll go from there um let me say hello to some of my dogs around the world we got Diego coming in we got johanny Christan from Hungary we got JJ good morning we got Scott your stream is not showing on YouTube now um let’s see h what all right I got a I got a I got a a right-hand man now who knows technology really well who’s helping out you’re gonna see a lot more of but um uh I’m sure maybe it’s up maybe it’s not up we got Steve from asapa um the qes have been strong um so let’s go to the qes while we figure this out so the qes have also been trending higher uh remember this wedge type format that we had here where 5148 I’m like it could break above the wedge or above in 21 day and we’ve been above the 8 day for almost two weeks or so where Tech has done a lot of the heavy lifting you’ll hear on TV about the ad lines are being bad the small caps aren’t great um energy names are out of favor so our job is as Traders if you want to be long being the in the strongest stuff is YouTube working all right YouTube’s working maybe before I got to check some things prior um anyway so with that being said uh it’s still trending along remember fngu wasn’t being I wasn’t saying fun you you know I was just saying hey this is a ETF that follows uh mag 7 it’s actually more than follows it it’s it’s three time leveraged so right here some guys like red dog I don’t want to go with apple I don’t want to go with Netflix I don’t want to go with Amazon I don’t know which one to go at the right time I’m like well you could just take this and it was 510 and boom big move towards a high of 657 so with that being said you know a lot of the heavy lifting in the last month has been through mag 7 so again different flavors at different times first quarter was a lot of Mag seven and then you had over the summer was a lot of small caps and bios and other things and and then it then after you know rebuilding which is what it did you know it goes again and now we’ll see what happens you know this week this week um you know fed week is usually a little tricky so you want to make sure that you don’t give back too much money as you head into the holidays right I think a lot of guys are at the highs of their quarter they’re at the highs of their month good for you that means you could take home a check and hopefully provide a living for your family anyway uh it’s still not showing on YouTube yeah it is uh Jose just um no YouTube Allison um I don’t know this is uh this is YouTube according to Conrad you can’t see it h uh morning Scott you are you are a different T3 link okay ah this one says up and coming and you went live on marketast call Christian oh all right I’m on the wrong link you know what should we log out and log in and do it again where is everyone you know you guys figure it out all right Bobby 4.0 figured it out Allan have it we’re just going you know what so you guys got to be a little creative yourself all right roll with it exactly Amazon you know Amazon to me looks like it’s still set up you know Amazon didn’t have a you know it wasn’t like a streaky move like we had two weeks ago so it’s still hanging above the eight day I still think there’s a chance that you could buy a dip and at some point it takes out 231 to continue Amazon’s been really good to us last time we came up with a really good strategy was at 202 and here was a nice sequence above the E day that’s going sideways um and then you have um I also think meta gave gave you a spot where we were buying it on this day if you remember on meta um and then it got through 603 so not only did you have your middle trade where it got above a tight setup you know and then wind up going through 603 which was right here and then it hit 638 um actually that was the day I got out of the way now it’s trying to hold the8 day um so I’m trying to play a little defense but trying not to be too tight you know but you know Amazon and meta it wasn’t like they they had a streaky move like a Tesla last week Tesla like wow what a move so I was on with Liz clayon by the way I’m going back to the city tomorrow you I’ll be on with Liz again talking about how strong stocks get stronger into year end because nobody wants to take profits and what to think about with the FED on on um you know this week on the 18th and uh you know pre pre-election I was on with her I’m like hey guys you know my guys are saying Trump’s gonna win in the landslide she’s like well what do we buy I’m like Tesla and and Bitcoin she what about djt I’m like I don’t understand it we don’t need to do that one as well so PS look at this move that we’ve had in Tesla and it’s traded perfectly with technicals I am a technical Trader yes I use common sense and I know a a little about every little indicator out there but a lot about you know how to navigate and here was your first mov we remember this red dog reversal at 410 I remember that I think I was on the road for some kind of basketball tournament and it held actually this the day that that chase in his Robin Hood account bought Tesla back anyway he’s got a pretty good Robin Hood account these days but anyway yeah to move to 361 here was another spot then we held 340 I remember these days like through the back of my hand cuz I was really focusing on how to maximize then we took out 362 and then boom to 436 what a move this was a fantastic move um and you know if you try and complemented with a weekly chart just to see because sometimes it’s good to have the big picture you know I said if we get above 375 384 to 414 would be a magnet Not only was that a magnet it got through it and and it gave you you know really good points of references to use um so and Keith is asking me about oxy so this time of year you get some of the the the worst stocks okay that people start to look at a little bit because of the January effect the January effect is a phenomenon that does happen meaning groups and stocks are absolutely horrendous they continue to get sold in November and December because it people are Downing them and they don’t want to pay taxes on the ones that have been great so the good stocks that are trending nobody wants to sell because who the hell wants to pay taxes on them in January and February and the ones that have been pieces of you know what sugar honey iced tea you know the ones that continue to get sold until they don’t so someone was like his oxy you know um uh a January effect candidate on my guess it is from 71 down to here anyone who bought oxy this year is down money so even though Buffett has a huge position and it is the man and if you you know not going to take anything away from him the bottom line is um you know this has been absolutely annihilated so when I play for the January effect I usually don’t buy the stock I usually buy options because it’s December 16th this can go down for a whole another week or or it can go down to three days before settlement into the end of the year so what I’ll do is I I leg into a little options for what could be some type of move to start the the new year when the selling pressure is off and some people rotate into some of these weak like this one and just say Val’s another one another one that I you know started buying somewhere around here you know but options and this is not a huge play because the last thing you want to do is buy January effect names that are trickling lower and it starts costing you money out of your your good trades you know and and then again if you if you’ve been trading only for a year or two chances are you’re only day trading and you’re not positioning into a January effect for me I’ve been doing this for 30 years so I treat my four accounts like I’m a portfolio manager how do I take advantage of every different type of situation in the market and some of you guys that could do that do that also like these this this is this is a bad Trend this is not something you just catch a full knife with anyway um as far as like what I’m focused on you know day trading wise okay Bitcoin has been absolutely fantastic look at this tight move right here above the8 day got a really nice setup we’ve been talking about and in long ibit since the Turkey Trot started on October 11th since a month or six weeks before for Thanksgiving because I wanted to get you guys ahead of the consensus that all of a sudden now wants to be in crypto which is still working but better to start here and then continue there um anyway ibit is selling down a little bit here okay um it did hit a high of uh 10 what 106 this weekend I’m actually also what I do is I do trim into strength because that is my style okay when a gap is in my favor I’ve already trimmed some of that you could see on uh you know I just did a I trimmed a little bit more ibit I trimmed a little bit of this mstx and I trimmed a little bit of wolf so when a gap is in my favor you know I I I go with it anyway we’ll see what happens today um again I I don’t have a whole lot of awesome things going on I have some options for January effect my morning is is so far you know in I’m I’m a little ahead of the game because I did position into Mis for the addition to the NASDAQ 100 which happened it was so it wasn’t priced in because there was like 10 stocks being potentially selected and anyway and uh so have a bunch of stuff going on here some guys you know another uh January effect name that I’m trying to position for that everyone’s chattering about is this uh you know Celsius Holdings clh you look at this double top here you know that was get the hell out of Dodge last one was in May and if you did you know her tried to go wasn’t ready cuz maybe people were still selling it because they had so many losses maybe that were closer to you know the New Year this could get a better move but again sometimes they work sometimes they don’t um Nidia Nidia you Nvidia hasn’t been the place to be Nidia actually looks very vulnerable if you look at Nvidia you know looks like if it breaks this 130 180 you know it can go a lot lower hopefully it doesn’t happen but it could um let me see what’s Nidia doing this morning Nidia is down 77 cents I haven’t really been hyperfocused on Nidia Nidia was a stock I traded every day I was trading Nidia every day when Tesla wasn’t great and then it’s like they flipped kind of pre-election to post elction you know Tesla became the focus crypto stocks you know mag 7 and Nidia has just been on the side so when Nvidia is out of play the market could do what it wants to do but when Nvidia turns into a headwind people notice so if all of a sudden we don’t hold this 130 180 132 and it breaks here and the semi start to roll down chances are you know it might bring out sellers in other Tex so you just want to be a little careful it’s one thing not to trade it but you have to just have one eye on prior leaders and this one looks very vulnerable there um what did you say ask me um yeah so far he’s worked out well um hey Scott is it time to buy smci I was trading that when it was in an awesome Trend I haven’t traded this one I I think it’s just an accident waiting to happen again actually not not anymore like like look this is when we were trading smci this is when the trend was strong this is when it was above the eight day this is when you know there was momentum this is when it was trading fantastic and then what happened the the the trend broke and then it looked like it might go sideways and do it again and then you had a red dog reversal here and then it’s been pretty pretty disastrous since you know the whole 10K the this to that so when when a stock turns into a Battleground what does a Battleground mean means that there’s news around it there’s speculation of fraud or or whatever it is I just get away from it because it could look good on one day and then the news comes out to bad the next day like Boeing Boeing became a not touch for a while until finally it was redone so I just think that this is a hard stock to trade so why do I need to trade it Tesla’s been easy crypto’s been awesome mag 7’s been liquidity and great why do I need like you know Everyone likes to go back to the well and it just to me it’s like you guys got to move on you know even if even though it did have a a sequence look where look where it had to go had to go to $18 before it bounce back to resistance anyway um if you want to trade it that’s cool I’m not um it’s it’s hard enough to even trade something like an AMD you know I remember I showed you guys the the Red Dog reversal here this is there was a Red Dog reversal in AMD it gave you a little bit of a two-day move but if you didn’t get out of here fast look what happened on Friday that was you know it’s still broken everyone was talking everyone like how they were genius that they caught a bottom in AMD yeah you had to trade a little bit more and then look at that so these names are are tricky and tough and you don’t want to go back to the well when when they’re below the a21 day you know you could try a little bit even fxi like I caught a good trade in the fxi and and it’s been bleeding ever since China China who did that anyway you know I was buying the Epic SC here for the January effect and then all of a sudden you know whatever the news of the stemless this and that and I sold over half into that and then little by little I’ve been dribbling back in so you didn’t have it for this it’s been coming in like if I have a dollar for every time someone said hey could we buy Baba now because Baba was a great stock for us years ago I’d have a lot of dollars but I would lost a lot of money trading but anyway any opinion on clsk crypto so just you know the as far as the miners okay I I was on top I was I was with a lot of the minors in the in the first part of the rally in October 11th but then since then the miners just haven’t been great to trade besides Mis and that’s been even tricky so someone’s asking me about clsk it’s you know I was looking at it in here I remember before the break down and then it did have a move back but look you know bitcoin’s making higher highs and higher lows and look where this is it’s just it’s no Rhyme or Reason right or there is a Rhyme or Reason it’s just not trading well even the wolf you know which I’ve been trading much better than other things um you know at least this is kind of okay you right that’s a new special cont of okay you have a high and a lower high and this is where the wolf is where you have Bitcoin over the weekend at45 so these names are not easy to trade you you know Mister at least um we you know I gave you a really good Trend to the highs and they sold strength remember that day when I was buying the the reverse whatever the calls and then got tight here so thank goodness they got added and this is a nice trade but they might even sell the strength there you know Mis might open up 20 points and you know wind up only up five that’s the way this thing’s been trading so you know again you don’t want to always go back to the wall because something worked a month ago even coz I had coz we had an open house it was awesome it was a $10 okay and it had a nice Trend which it did this is when we were buying this you know I sold it into 14 40% I didn’t catch that and now look at it now everyone’s like every day are you going to buy back CRZ are you going to buy back CRZ I’m like what what’s how is this telling you to buy it back you have Bitcoin making a new high in the year and this is now below the a 21 days so to me that’s not special okay you don’t have to be in things that aren’t special you want to be in things that are paying you to sit in them paying you to buy a DI paying you to play through a price point and then trimming some and managing it but I hear you even coin has been really hard to be honest you know coin look at this disaster I had it right here you know I had options on and then it it did like a false breakout and it’s right back into here it’s this has been hard too so as as as much as everyone’s you know telling you on on Twitter how how they’re about to retire because they’re making money every single day and their signals could generate them a move with 30,000 to 400,000 by the way if somebody says on Twitter I met this guy he turned my 8,000 into 88,000 in three hours chances are it’s not true and you should not be following you should block that person because it’s a robot but anyway um that’s why I’m a fan of a punching people in the face don’t do that Bobby you might get sued anyway paler that’s why I go no nice Sparrow so I don’t have to hit anyone in the face but here’s uh yeah paler has been you know pretty good um trending it’sing a little sloppier this has been you know this has been awesome too yeah can’t can’t be too upset about poener you know had a big gap and go you could have been long verse here you know it’s it’s been above the a 21 day pretty much for a few months mu earnings this week um mu is interesting you know it you could like make this a little wider here it has a nice little wedge it’s tight there’s a lot of people focused on it um you know you did get a decent move in um in avgo through earning sometimes doesn’t matter what they do if the Market’s not in a mood to you know buy high and sell it higher like so now avgo if you real quickly go here this has a nice Peg play where you know some guys say hey R dog I’m going to be long verse um 211 okay that’s cool um what would tell me that the semis are really weak and in trouble if all of a sudden this that had a grade report doesn’t hold to1 and if all of a sudden starts trading into this Gap then you know that they don’t want to hold anything higher so this is avgo what’s oh it’s up another five so you’re getting some follow through that’s nice for you um 22870 22870 that’s right here um and it’s opening above that so nice went out strong getting paid triming Trail so as far as Mu is concerned you know the high was 157 it’s nice and tight this is 115 if I were to do it I would say you could do like a a 105 by 115 call spread or if you want to do a lotto spread you do like a 115 by 120 wouldn’t cost you much not not a bad play what’s mu doing this morning mu is uh up three bucks so it’s already up three this morning so people are kind of you know cheating a little bit with earnings on uh what is that December 18th so on fed day so anyway at this point it’s gapping up above this 104 ad0c if it holds um there’s not a lot of really good things going on in in the semis we did have arm if you remember I had this uh as a play for you guys um and I played it also made some decent money this three days up when it went through 14 five but this this just you know semis aren’t aren’t that easy when things aren’t that easy you just got to make sure you love them and leave them and you know not get too caught up because they were great prior so that said anyway it’s 654 I’m babbling a little bit I got to get my week started you have fed on Wednesday they you know be a little careful here the spies do feel a little vulnerable you know the ad lines haven’t been great Tech has been doing a lot of the heavy lifting the semis do seem a little bit like a a little bit of a problem maybe they are maybe they’re not this is this is a big spot 602 do we hold 602 or we testing you know the 21 day here do they shake the tree preed we’ll see at this point I’m trying to sell some of my crypto stuff as it fades and uh we’ll see how we connect the dots moving forward I appreciate you thanks for tuning in tomorrow make sure we’re all on the same page with YouTube Twitter and soon to come Tik Tok Red Dog will be on Tik Tok in January of 2025 in some form stay tuned