December 12, 2024

Scott Redler’s #630club – LIVE Stock Market Analysis: A Comprehensive Overview

Join Scott Redler for an engaging session from the #630club, where he delivers insightful live stock market analysis. Primarily focusing on the big movers in the stock market and diving deep into technical analyses, Redler brings to light valuable information for traders and investors alike. This article will recap the key components of his livestream session, conducted on December 12th, highlighting important market dynamics and providing strategic trading tips.

Introduction to the Session

The session kicks off on a light-hearted note, with Redler sharing anecdotes about his late start to the day following a company holiday party. Despite the casual beginning, he quickly shifts gears to provide a robust analysis of the current market situation, acknowledging the complexities and influences facing the market in mid-December.

Market Analysis and Major Indices

Redler begins his analysis with a look at the S&P 500 ETF (SPY), referencing recent movements and future expectations influenced by the Consumer Price Index (CPI) data released the day before. He points out the market’s reaction to the CPI data, which aligned closely with expectations and resulted in a bullish market response. The technical perspective through chart analysis highlights potential resistance and support levels, implying possible market directions in the short term.

Sector-Specific Insights and Key Stocks

Moving onward, Scott discusses specific sectors and stocks that have shown significant activity, using their performance to illustrate broader market trends. He casts a spotlight on the ‘Mag 7,’ a term he uses to describe seven major stocks including Meta, Apple, and Tesla, which have dominated trading discussions throughout the year. Detailed chart analysis helps in understanding potential buy and sell points, accompanied by commentary on options trading and size management in these liquid names.

Technical Strategies and Trading Tips

One of the highlights of Redler’s analysis is his focus on technical trading strategies, prominently featuring the ‘Red Dog Reversal’ technique, a method he popularized. This strategy involves identifying potential pivot points in price movement to inform buy or sell decisions. Redler provides step-by-step guidance on how traders can leverage this strategy, applying it to stocks like Mister and AMD to pinpoint entry and exit points that could maximize gains and minimize losses.

Discussion on Recent Trades and Market Opportunities

Scott also reflects on recent trades, sharing insights on positions he has managed or adjusted, highlighting the importance of a portfolio approach and adapting strategies based on market conditions. His discussion extends into potential trading opportunities he sees on the horizon, considering the market’s seasonal trends and expected fiscal policies.

Closing Thoughts and Future Outlook

As the session wraps up, Redler touches on broader economic factors including federal economic policies and sector-specific dynamics that might influence market trends heading into the new year. He theorizes about the ‘January effect,’ a trend where certain stocks perform well in January after tax-related sell-offs in December. Additionally, personal anecdotes and a brief discussion on Bitcoin’s promising movements offer a rounded view of his trading mentality and market expectations.

In conclusion, Scott Redler’s #630club session is not just about recounting the past and present of stock market trends but also preparing for future opportunities. Through careful analysis of technicals, insightful commentary on stock behaviors, and sharing personal trading strategies, Redler equips viewers with knowledge and tools vital for navigating the complexities of stock trading. Whether you’re a newbie trader or an experienced investor, tuning into such analysis can enhance your understanding of market dynamics and improve your trading acumen.

Watch this video below for more info:

Scott Redler’s #630club – LIVE Stock Market Analysis



2024-12-12 12:07:16
Visit https://www.t3live.com/scottebook to get Scott’s eBook today.

Scott Redler previews the market action with full analysis of #SPX #QQQ #Nvidia #Apple, #Tesla and more!

Video transcript:
[Music] all right good morning good morning it is 6:34 it is December 12th hope everyone is feeling well I am sorry I am late we had the holiday party last night so you know what happens with the holiday party you go out with the boys you got to wake up like a man and you know I uh I pressed the snooze button twice today never happens but uh it’s okay it’s been a it’s been a tough week tough weekend you know we know what’s going on here um anyway it’s good to see uh you know everyone from around the country that came in to you know hang out the T3 everyone’s in a good mood hopefully you’re in a good mood I hope you have a good holiday party wherever you’re going just make sure you don’t drive I didn’t drive either I had an Uber and the Uber driver had to like wake me up say get up get up you we for home anyway uh let me uh get this up let me get going I want to make sure also that everyone could uh hear me today what are we doing can you hear all right that’s good let me get a little the comments going good morning Blair good morning Sam good morning it’s what up what up JC he in the house we got no Iglesias Jose from karakus we got Babylon in the house all right so let’s get going so um if you look here at the chart of the spies um you know yesterday the CPI came in um pretty in line with a little bit of a doish um spin I know that uh everyone’s been kind of worried about December 18th are they going to cut another quarter and then also the fact of the matter is like you know will they do like a hawkish cut meaning cut a quarter and then and then give it a hawkish tone as if they were done um so kind of like you know I guess you know at time of year seasonality everything that’s going on um the market took off so after a move down to you know a little bit through the E day yesterday it could have it could have been you know a week day but it came in line and and all of a sudden boom right back to the highs just like that someone’s like what’s the spies doing today well spies are um you know down 86 cents after a big move not a big deal you know if you want to make this into a channel you now have you know the the upper end of the channel you have the lower end of the channel yesterday’s low is what uh 60550 and chances are you know we’re going to continue to the upside you know why because you know the mag 7 which has been the best trades you know of of the year now there’s been a lot of good trades of the year that’s that’s that’s not safe to say you know bottom line is um first quarter it was all mag seven and the 80 lines were horrible and then the third quarter you know after a big move um all of those names Consolidated and rebuilt it themselves while the small caps went and other names went and the semis were doing well or whatever it was and then all of a sudden about two weeks ago we we focused on it which was great because I love those names I love when meta could break out of a channel when it got above 603 you know Apple got above you know 237 um and you know Tesla’s been freaking a fantastic so these are all liquid big names that you could trade options you could trade size you could you know so I I got to believe everybody did did well but anyway you know in December if you have names like that that have BuyBacks and dividends and quality going nobody’s selling them right who the hell is going to sell a stock on December 12th and then pay taxes on it in January so those names have no sellers you do have cute hedge fund short and you have them buying back their own stock and you have an accommodated fed so that’s the reason why these names continue and that’s the reason why the Market’s having a hard time selling off and chance you know over the long term the bull market wins anyway I don’t know why everyone’s always looking for cute shorts and you know looking for this isn’t going to end well because you know chances are usually it ends just fine you know so have a glass half full but at this point anyway you know I could see us maybe having an inside day maybe we take this out I don’t know um as far as um you know the virtual trading for the Alpha Team which is my C I didn’t even log in yet today because again I’m I was running late I’m still trying to do a portfolio approach I’m still um you know massaging positions um and using a tier system so I can net money sell it to strength buy things back and continue you know if you remember two days ago I was telling you how I think that mister could be added to the NASDAQ 100 on Friday so you could sell some puts and try and get along and then the pattern confirmed it and there was a lot of money to be made in and ibit besides the mag 7 why do I say that because let me show you you know every I love the Red Dog reversal you know some PE someone so I actually at the Christmas party last night Derek if you’re watching he’s like we call it a doo I’m like what’s that he’s like a Derek I’m like so you called the Red Dog reversal a Derek something something I’m like I don’t know but anyway all it is is this you know I’m like I don’t care if you want to call it your Derek whatever you want to call it you know it’s it was it’s a hanging man bottom it’s an 8020 rule whatever you call like just learn it so you can make money from it that’s all I care about so I made it fun okay so if you look at Mister it went below the low of 363 right that was it 36344 so really this isn’t 362 let’s let’s be perfect here you know it’s it’s really a pivot point like if you’re programming this on your computer 363 44 okay so went below 363 44 the this is now 356 okay so this is I’m framing it for you so this way you learn it you can call it you know whoever’s in Derek’s room you can have him watch this I’m giving him a shout out because hey I love Derek he’s a great guy and he has a trade with the pros room and makes people money and and is a good coach but anyway so it went below 363 and it’s Mister so there’s like a big stop here right 363 went down to 356 so if you bought it here at 363 that means you are risking $7 and that’s a lot $7 you know even if you have two 300 shares you’re you know it’s a lot or 500 shares or even 50 but what happened it closed at um where it close that day it closed at 377 so that means from 363 to 377 7 that’s $14 you made $14 okay with um whatever I just said in Risk seven so it’s two to one and you got involved and then look what happened yesterday okay went as high as um 412 so from 363 to 412 you’re talking 40 points on $67 worth of risk and that is the Red Dog reversal a day and a half trade okay you weren’t trying to catch a fall knife it came from 453 down to here four day down days Red Dog reversal into the 21 Day you could have entered here taken a little overnight added yesterday and got paid that’s the Red Dog reversal the ibit did not it wasn’t as good it wasn’t as clean but if you remember I’m like you know use 54 63 because if it gets below 5463 it could get to the 21 Day why not it didn’t it went down to here and then reversed so that now gave you a new point of reference to add more verse for Bitcoin to get back over 100,000 to continue so one was really powerful and the reason why Mr was even more of a take-home was because it led Bitcoin for the first time in a while where it’s been lagging it so you put both those together in your mind and that was a money trade there’s not a lot of money trades out there you know recently there been a lot but I’m just saying in general so anyway Scott you only do the rgr based on a I usually use a daily time frame yeah some people use it on a five day a five minute a 15 minute a 30 minute you could use a red dog reversal using candlesticks during the day like for your tier system also but you know but for my daily setup and my daily note and my daily you know game plan I use daily charts and sometimes weekly depending on what’s going on like like lately like I’ve been showing you the weekly chart in Tesla because I was showing you that I think it gets to 414 you know and I got through 414 and you know Tesla wound up being awesome again like look at this move okay look at this setup that happened in Tesla look at look how it held this 34850 then look how it took out 362 like that’s that’s a textbook by tier one verse 348 tier two above 361 and then massage the trade right and it went as high as 424 yesterday and if you go to the weekly chart to to to see points of reference you know I this this was you know this was uh 44 so someone at the Christmas party was like short Tesla was really in a bad mood yesterday I’m like why are you short Tesla like what on this chart shows you to be short it yes if it if it didn’t get through 4450 fell there and came in hey maybe they’re talking about a double top and test on the weekly maybe he needs a little bit more time because it’s extended but it got through 4450 and went as high as 424 that’s 10 more points above a major pivot besides what you could have had I don’t know just some some people I’m like you deserve to lose money I I don’t want to tell someone that but you better learn or you’re G to lose money doing the wrong thing because I don’t know who the hell you’re following anyway um that Dash yeah dash dash i i i Reb brought back yesterday um Dash has been a little trough I went over this with you guys yesterday that I think that there is a little bit of a complexion change in some of the you know some of these type of high PE type of names you know what do I consider that I like Dash Reddit paler those three names have had unbelievable runs and they got a little loose and wide the last few days but they they didn’t fall apart I still like Dash you know I just that it got a little loose and wide and played with the 21 day now it looks a little bit better so now you could be long verse 170 120 you know paler also you know they sold strength sold strength and then broke the8 day came back up this is just very very choppy a little a little harder you know I’m just saying it’s getting a little harder on December 12th if it’s getting a little harder do a little less Reddit also Reddit wasn’t as Reddit was a little easier but got a little Loos and wide still above the E day you know Reddit to me was easier you know back here when you had the big gap up and you could be long verse here made a higher low you know but all in all you know still doing just fine P was my yeah um where we at now I’m like it’s uh let’s go back to some of the um someone’s like Red Dog why aren’t you in meta right now I kind of messed up a portion of it but I’m happy red dog’s happy I can’t you know you can’t kiss all the babies like I made a lot of money in this trade you know I I I bought it on this day I add it on this day I bought more on a dip and I sold it into $629 so I did not get back in here where I could have and then it went as high as 638 that’s fine my power plate is in it you know I’m I’m talking about it and I’m also Trad like this there you know sometimes you’re in things as long as you could be and sometimes you know you just you’re out and be happy I was also out of apple a little bit early I’m fine with it you know Apple by the way the bit of a red dog reveral topping tail you know as long as you’re in the money trades that’s where you’re going to get paid and if you want to massage a trade and all of a sudden you get rid of your feeli the last trade you get rid of the the last part you know we were talking about you know 240 I was in 240 240 250 and 245 calls when it cleared 230 and then the double top here 237 and now little red dog reversal okay look where the E day is so now you know I might have not been in it on this day you know but now maybe I’ll get back somewhere in here but again you have to pick and choose you know where you want to be and where you want to um approach it and and and make your money with it Nvidia you know what I think Nvidia had a big day yesterday you know kind of rebuilt a little bit um I I’ll probably look at Nvidia today to buy on the dip I thought I looked this morning it was down it’s only down 28 cents um overall it’s still in the channel it’s not leading this has not been where the money is this has not been the easy trade okay let’s get rid of this because it’s you know um this filled that Gap there it’s you know you have another point of reference here it’s just if you if your thesis is that this is going to get above 150 next year and who cares that you know Google’s making chips Amazon’s making chips everyone’s trying to make chips uh apple and broadcom are teaming up maybe that’s why you know n is not the only game in town that it’s not you know going nuts but anyway it’s there’s a whole void here so if you want to be long verse 130 380 I get it if you want to buy a dip today it’s down 30 cents or so for it to go green and maybe take this out I’ll probably be looking at that also there you know there’s a time and place AMD did a small red dog reversal yesterday um I wasn’t here the in the afternoon but this is a broken hard stock but you know what if you sold it here or you got out during the you know broke the E day here a little red dog reversal yesterday little one for for cash flow you know this is a different type of trade it’s not a leadership trade it’s a broken stock that did a red dog reversal that might get up to the eth day or more this is day one of a potential new sequence that you’re going to measure whether or not it’s easy or hard to stay with what’s it doing this morning okay AMD is up 64 cents you’re getting a little bit of follow through so if you bought AMD this is the strategy here 12707 I’ll teach you guys again you shouldn’t be looking for a red dog reversal at the bottom end of a range when the market’s at the top end of the range that means you’re going after a lagard and more more often than not that’s a hard trade but anyway we’ll go over anyway 12707 the low here was 12622 and that’s it another Red Dog reversal okay but this one is different than Mis Mis is the leader Mis was pulling back to the 21 Day this is below everything you’ll be lucky to get that but there was a trade there you you know you risked less than a dollar it wound up closing um what what what AMD do yes AMD went as high as 13122 could have made $3 risking a dollar and chances are there’s there’s room to hear so yeah Del also people like Dell did a red dog reversal that’s true let me show you another Red Dog reversal where’s Dell it doesn’t even want you to look at Dell on transen spider uh oh we might have lost we might have lost it how about ccj see did a long feature all day um boing’s been good B had a nice broken bounce um there’s a lot of things there’s so many things to do if you’re prepared if you get a look there’s a red dog reversal in a broken name Del was awesome and then all of a sudden had you know had a big gap down post earnings and if you didn’t take it into earnings which we don’t take yesterday had a red dog reversal around the 200 day okay so right here this could have you know you could have played Del yesterday you know hopefully you haven’t been playing D Dell has not been where the money is but from 147 with the low here of 11560 you know not bad it’s worth a try and uh you know if you did so you had to risk reward you’re not catching a full on knife you’re looking to buy one it reclaims a spot put a stop in at the low take a little bit overnight and maybe it gets back to the E day but again this these are broken Trends you know not fun yes so every a lot of few people like red dog what do you think for the January effect you know let me explain the January Effect one more time and then I have to go the January effect usually happens with the worst sectors you buy them a little bit in December you buy some options because at some point the tax law selling will be done and then there’s no more mechanical selling and then people look for bargains and they lift that’s the that’s what they call the dogs of the Dow the January effect and the energy names have been absolutely horrendous so I put on two January effect names for January 17th I bought a little bit of oxie because oxy has been UPS horrible okay look at look at this chart the stock was at 71 all the way down to here very broken very very broken so I I bought the $50 call thinking hey maybe it wants to Rally up to 5250 or 55 once all the sellings done and um it hasn’t you know this was the last time we played oxy and and uh V which a friend of mine okay um is that the symbols uh yeah he’s in a huge fund out of Puerto Rico and they’ve been buying this and it’s been absolutely murdered so maybe this is maybe this is the bottom trade so I said I’m not I’m not focusing on it but I’ll buy some options for January 17 maybe money rotates here you know so but again those aren’t really time trades I just do options on something that out to January 17th which is a month from now means it’s a concept play if all of a sudden I’m in stock and options I’m like hey you know then then you know the concept turned into a better trade anyway Bitcoin you know bitcoin’s been absolutely fantastic bitcoin’s awesome I I’ve been October 11th they came out with the turkey Tron and then the Thanksgiving $100,000 the $100,000 Dash and um for some reason Trend spot is not working but you know I I I keep buying the dips in the ibit I keep you know trying to play Mister in a way that I’m comfortable um and I do think that uh you know this is doing just fine you know after the move from the October 11th Turkey Trot you can look on my feed I’ve been long this since here and uh you had the sell on to strength at 104,000 and now it’s still trending nicely holding I will buy more ibit today it’s it’s down a little bit right ibit I think it’s down 40 cents it’s down 58 cents you should probably buy a little bit more of it at some point you know it takes out this uh 5916 it’s just a matter of when um and just a matter of what you can handle with your size so I I would stay with it anyway I’m sorry I’m a little rambling last night was a Christmas party holiday party T3 um you know I’ve been I’m the old I think ch’s 25 years holy cow I’m 52 years old um I’ve been training since 1998 and I feel pretty good besides my dog dying and I which is still I feel like a little bit like a wounded animal it’s hard to talk I tear up like a little um you know like a little baby but um CX I might be done it’s you know those are things are hard you know I feel like um you know dogs are a family’s best friend and I treated my dog as if it was a kid and I did everything so there’s a void even today I was in the ice Barrel you know I go outside I used to leave the sliding door open and go and I’d get in the barrel and I’d you know close my eyes and I open them and then she’s there like walking around and like humoring me and this she’s not there now anyway I’ll see you guys thanks e e e e e e e e e