2024-12-11

Understanding Scott Redler’s #630club: Insightful Live Stock Market Analysis

Scott Redler’s #630club serves as a beacon for traders and market enthusiasts who seek real-time, insightful market analysis. In this comprehensive breakdown, we decode a typical session from the #630club, focusing on the critical aspects of market trends, trading strategies, and Scott’s personal trading insights from the episode aired on December 11, 2024.

Key Discussions in the #630club

The Role of CPI and Market Predictions

During the session, Scott emphasized the significance of the Consumer Price Index (CPI) day, a crucial indicator for measuring inflation and its impact on market movements. With the Federal Open Market Committee (FOMC) meeting approaching on December 18, where a potential rate cut was anticipated, Scott weighed in on how these economic indicators play a critical role in shaping market strategies.

S&P 500 and Tactical Trading Insights

A major highlight from Scott’s analysis was his detailed commentary on the S&P 500’s performance. He discussed the "short-term top" at 609 and the importance of the 8-day and 21-day moving averages—a valuable lesson for traders on how to gauge market momentum and make prompt trading decisions based on these metrics.

Specific Stock and Sector Analysis

Scott’s session wasn’t just about broad market trends; he also dived into specifics. For instance, he discussed how stocks like Reddit and Paler showed varying momentum, offering actionable insights on when to potentially buy or sell. His strategic discussion extended to sectors like semiconductors and specific stocks like Tesla and Meta, shedding light on their current performance and future prospects.

Real-Time Interaction and Community Engagement

One of the enriching aspects of the #630club is the live interaction. Scott actively engages with his audience—referred to affectionately as his "dogs"—responding to their queries and discussing stocks they’re interested in, like Lucid and Blackberry. This interaction not only builds community but also offers tailored advice to viewers.

Educational Takeaways for Traders

Throughout the episode, Scott employed his tier system of trading, which helps traders manage their positions and risk. His explanation of "red dog reversals" and other specific strategies provides a learning platform for both novice and seasoned traders.

Visual and Tactical Learning

In sessions like these, Scott often utilizes charts and real-time data to explain movements and strategies visually. This approach helps in demystifying complex market data and makes the learning interactive and engaging.

Conclusion: Why Scott Redler’s #630club is a Must-Watch for Traders

Scott Redler’s #630club offers more than just market analysis—it’s a comprehensive educational session that combines technical analysis, market wisdom, and real-time advisories into a single, impactful package. Whether you’re a day trader or a long-term investor, tuning into Scott’s daily sessions provides a strategic edge in navigating the complexities of the stock market.

As the stock market continues to evolve, staying informed through expert analysis like that provided in the #630club is invaluable. It’s not just about understanding the market movements of today, but being prepared for the opportunities of tomorrow.

Watch this video below for more info:

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



2024-12-11 11:59:14
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:
all right guys I’m hoping this works today it’s 6:33 I just wanted to check the sound a few times yesterday I had to uh had to shake things up a little bit you know but today I think we checked it at lunch and and it should be cool let me see if some of my dogs around the world are here to help let me know you know uh it is uh 6:33 it is uh December 11th it is 2024 it’s almost holiday season actually we have the T3 live Christmas party tonight so I’m heading into the city at lunchtime in order to do some meetings catch up and then tonight uh you know it’s going to be I think like year 15ish wow getting old what up everybody all right can you guys hear me Mike Jackson can you hear me Joey can you hear me thob can you hear me can you hear the dog all right all right all right space specialist That’s cool um I have my voice back a little bit I will say thank you to everyone in the community who who kind of understood that uh the last few have been real tough you know as far as um you know with the family with cadence and I don’t think I can still talk about it so let’s just not talk about it let’s go to the stock market let’s focus on what you know what we have control over today um and that’s that’s right here our our our process our routine our keyboard how we get up in the morning how we live our life every day and how we you know move forward so uh at this point everyone knows it’s CPI day right today is CPI day what does that mean they we’re going to measure how much things cost to cons Consumer Price Index all right inflation is somewhat considered still a problem so today is important because we have December 18th uh fomc where 70% of the experts think that we’re going to get cut another 25 basis points which probably happens and then the question is you know do they get a little hawkish moving forward because it’s going to be hard with the S&P of 26 27% on the year you know for them to be saying that they still need to support the market with lower rates etc etc so what Dubai um so before we get into anything I want to talk a little bit about the S&P and the spies you know we uh if you remember to start the week I’m like guys uh you know we made a little short-term top at 609 you know look how extended we are from the e day I’ve spoken about the8 day and the 21-day thousands of times and how important it is for the active momentum Trend say that active momentum Trend how active are you some people give it to the 8 day some people give it to the 21 Day some people give things to the 50-day or for us that get trade that trade monthly and quarterly and daily and get paid for a living we tend to use the8 day because we are a bit more precise we are in the trenches with the market and we can make decisions fast and we could revisit we can get price Discovery we can have things happen and not get caught because we’re here and we’re prepared so when 60702 broke if you had a little bit of excess risk maybe you could have gotten a little less uh you long or or maybe you could have sold some premium maybe you could have put on some Hedges or who knows but from there you could have said hey we’re going to see the E day okay CU look at the fluff right here and and then see what goes on from there then and then yesterday we actually went below 6048 to see a low of 60214 so not the end of the world you’re allowed for that to happen you know you can’t have a Santa Claus Rally from all-time highs unless it’s like blistering and then that’s already like a pain trade so for today we’re getting a bit of a bounceback so now the question is do we take back 60408 and all of a sudden repair and take back this candle or do they sell into the this area just like they sold yesterday right they sold halfway into that candle uh yesterday right so the balance was contained so if you use retracement rules like this guy Conrad who’s here he’s literally he’s 20 years old he’s very very specific it’s so cool to see young Traders trading the market he’s been trading it since he’s like 16 and if he’s listening you’re doing a great great job um bottom line is you know you had ways to navigate your tier system meaning how to use your tiers to net money and stay with things so this morning spies are um spies are up a bunch by the way that’s Mister Mis showed some relative strength that’s um which is nice to see so here we go to mister go like this the spies are up 80 cents so it’s 60357 so you know if if wants to bounce if this wasn’t CPI day I would say probably people would either if you bought the to dip you trim a little bit if you’re looking to you know sell some into strength you know this would be a spot that you know if if the Market’s that weak we we hit and we roll over if the market just forgets which sometimes it forgets and sometimes you know again you’re allowed to pull into the E day and it doesn’t mean much sometimes it Powers right through that’s why you just don’t short there you measure there you see what’s going on and then what else do you do you look at see what’s going on with you know the different leaders you know if you if you look the last few days some of the really really high flying leaders lost a little bit of momentum doesn’t mean they’re done means that maybe they’re going to slow down and I’ll make a new high in a little bit we spoke about those we talked about Reddit you know look how Reddit did an exciting High it hit 18074 right was really stretched we’ve been in Reddit for a while okay this has been a grand slam home run stock I also think potentially you know it’ll have a nice year next year but look how loose and wide this is getting okay put a short term top and then yesterday the strength was sold we’re still above the E day but it’s like hey maybe don’t be in such a rush to buy that so fast paler I’m not I don’t want to get hate mail I’m just saying paler I’ve been in a bunch paler everyone says it different but bottom line is this 8091 might that might be a high of December you know it it opened up it couldn’t hold the prior high that I I list those sell rules because I want to see you guys take profits and not get caught and then what happen yesterday you couldn’t hear me but I’m like maybe they try and rally it back halfway and you probably don’t want to be a buyer of that you want to be a seller of that and that’s what it was so if you didn’t sell on this day you had a you had a chance to sell a rally okay and and then it rolled over it’s still above this ascending Channel but this could see the 21 Day why not it changed a little character so when things change a little character if you’re very very active you got to notice that saves you money so you can get paid we get paid for a living here so we can provide livings for our family yes I get paid trading also not just sitting here on you know uh being the chief strategist which I’ve been for 30 years but anyway so that was a little bit then even yesterday Dash was a little you know gross usually Dash has put in these little like bottom tails and continues bottom tailes and continues all of a sudden yesterday looked like it was going to you know get back up and take out 181 and then all of a sudden you know a seller came in so after a huge move that Dash has seen I don’t maybe it doesn’t take out one 8128 for the rest of the year and maybe it needs to see you know a little bit more downside so again you don’t want to be too big in if if you’ve been buying shallow dips and that’s been working sometimes you don’t want to go back to the well just one too many times I’m just saying anyway um you’re not sitting there looking pretty uh why you can’t hear me now again hump day tell me if you can hear me Bobby you watching 641 I know I just keep rambling on and if I’m talking to myself I’m gonna be upset um yes Tesla keeps rocking so here’s the Alpha Team these are my these are my guys that trade with me these are the guys that every single day we’re talking we’re going over news and um you know these are my you know we live life together you know and if you want to become part of the Alpha Team there’s definitely ways you could do it for a lot cheaper uh you know with the holiday season for 2025 I’m not here to sell I’m just telling you who they are they get to see my positions live I’m actually a um you know Mr which was interesting yesterday uh showed relative um strength for the first time so it was my first time buying Mis in a while um but you know it’s been fading every day so I want to show you people like how do people follow you you know on um on the Alpha Team so what happens is you go over like just say mister you’ll see it’s long overnight and then if I hold on where is the arrow here I’m going to feed the Ducks no I’m kidding I don’t like calling anyone a duck that’s not nice let’s see uh hold on I’m GNA actually take a really for the team here it’ll flash red or maybe it won’t okay uh let’s see I try one more time over here maybe this one will flash red let’s see sometimes if I go through trade support uh let’s see it doesn’t pop up and then we’ll get moving you we only a certain amount of time yeah all right so now you I just sold so now you’ll see it’s Mis right now six and up six and change so now they see that according to my process I take some profits because it’s up 650 why not right why not take a little profits so this way you could stay with the trade because that people talk to me and ask me about my tier system all the time um anyway so let’s let’s move along little doggy uh so this is where over here let’s go back over there so that’s Mister so some the reason why I got long Mis is because um Mr did a little red dog reversal yesterday it was stronger than actual crypto and it gave you and a held the 21 days this has been holding the 21 Day for quite some time so it was worthy of an overnight so I took it home overnight plus there is some talk talk I talk to a lot of people Everyone my wife talks a lot no I’m kidding she hope she’s not watching it uh I think that there’s a possibility on Friday get add added to the NASDAQ 100 which would probably help the stock so I think that’s getting around so people aren’t going to be one to short if that happens so I’m just saying preparing it today on Wednesday that maybe on Friday it gets added to the NASDAQ 100 what did I do I sold some puts for this week because I figured it’s not going to break you know 320 and I bought the stock yesterday so far so good as far as the ibit you know it got a little wishy-washy yesterday I’ve been in this thing since the turkey trout started and I remember you know on October 11th I’m like guys here’s the thing okay I’ve been doing this for 30 plus years and usually you know the last seven eight years that I’ve been watching crypto that hasn’t move into Thanksgiving on Thanksgiving everybody’s talking about crypto and a roow wants to know how they get into crypto by that point it’s already at a major run so I try and tell you guys how to get in before everyone talks about it so you can make money people talk talk talk talk talk I am going to give you ways to interact with scenario so you can make money in a system that’s yours so anyway that was back here on October 11th was right here that was when I bought ibit and it’s been a great run I did a few little carat chur and this that anyway so what happened yesterday yesterday it went below 5463 and then reclaimed it I actually sold a bunch into that looked for Price Discovery bought some back and now you know ibit not so bad okay the question for me is how long is this going to take to rebuild go sideways and take out 5916 which was Bitcoin 4 it all depends like if this low is is the low you know for the next um you know for for for the rest of this week chances are Maybe by Christmas it can get back above 100,000 if all of a sudden it gets faultier and doesn’t hold the 21 day then chances are the momentum is leaving and you have to just do things slower so anyway um I’m in both of those I’m still on those misogynous system what price area you targeting so you know what Mr change so like I I I don’t really I started out with some 450 calls I started buying it here and then the more I was thinking about it I’m like it’s going to be hard for this to get up above 450 so that’s why I’m like you know let me sell some puts for the week because they’ll get the premium out because there’s probably going to be a floor because people GNA be hearing about this let me buy the stock I should be big enough that I could buy the stock without buying the calls even though it’s crazy you know and it’s working here um I would think that if it does get added you know why can’t it at least get to um you know 415 and then maybe so maybe maybe a call spread would make sense because the premium’s so high and then if it does but then yeah you know then you have to figure out how to manage it on Monday if they get added but we’ll see Intel is dead money I haven’t bought Intel since since I was a kid that was a long time ago I don’t even know that I’m kidding but um a lot of the semis are dead money you want to talk semis look at look at look at the smhs the smhs I’ve not you know th this is really like a channel and it’s really vulnerable it broke 244 um though so far it’s not meaning much to the market yet but the more that semi start breaking lower you know out of play is one thing a headwind is another a headwind means people are noticing and saying hey if the zi which used to be of really leadership if Nidia that used to be awesome isn’t awesome maybe this leader can’t be awesome or that leader so anyway the nuclear names have been broken broken yes so this is a spot a lot of things have been kind of broken so that’s why for me I’m playing a little defense I wouldn’t mind you guys playing a little defense on December 11th and not you know going kajon to the wall little deep protect your money we’ve had a lot of really big moves anyway um so yeah the 200 days is right here so that’s right there by the way these are my dogs these are you know everyone who kind of Tunes in on YouTube and on Twitter you know so everyone kind of talks and we talk a little shop some people give me names right now Stephen’s asking me about lucid so Lucid was one of my January effect plays I bought five different January effect plays a little early because sometimes they go early they don’t wait until the end of December or the beginning of January but Lucid according to one or two of my fundamental friends which my brother is one of those it was his biggest position and he was begging me to buy it down here so I bought I bought like um you know like a lot of 250 calls so you had a nice move because rivan had a nice move you had a nice move because Tesla’s been in play it’s been a dead stock it’s not a leader it’s not something you should be trading every single day I kind of think that you know it’s it’s not a bankruptcy listen Fisker was a bankruptcy there’s been bankruptcies I don’t think this is a bankruptcy the guys that I talked to don’t think it’s a bankruptcy so if it’s not a bankruptcy you know maybe this could see the 200 day or or higher I’ve seen crazier things you know in in January happen let’s go to the weekly what happened last January because it was it was also that bad look at what it did last January by January 23rd this thing went to 17 so you know I’m not saying that’s going to happen again but this line here would be like 350 it’s just something to do you know Blackberry also a January effect name okay I have it on this is actually acting pretty well the other day guys you know made really good money on the Alpha Team in R roal access on this day you know I was buying in here lots and lots and lots of $3 calls and then that happened I still think it looks good I think you know software for cars you know just some Brad to me I’m I’m in there too so but again I’m not trading this this is things I positioned in for January 177 you know January effect anyway what am I trading I’m trading Tesla Tesla’s been obviously fantastic you know Tesla um I was on with my my friend Liz claiming uh I’m going to be on again uh December I think 17th I go up twice a month and you know she’s like what do you think’s going to happen with the election and all that kind of good stuff that was pre-election and I’m like you know not saying I want him to but my friends think Trump going to win with the landslide you want to be in Bitcoin and Tesla and the small caps and I had options on the small caps Tesla and options and Bitcoin and it’s been a hell of a run and it still looks good it’s a little extended so you have to be a little careful um there’s news that the China registrations were good um and uh you know it’s just a little extended from the eight day okay this was the last really good setup here when it held 348 went sideways you could have boarded and added right through that uh that 361 364 area and now although it looks like it’s had a big run which it has you go back to the weekly chart and the weekly chart showing you it’s had a big move but all it is is back to you know this 414 area where it spent they spent a lot of time between 380 and 414 in you know in in this year so we’re getting back up to there okay this got above here you know this is 414 I’m sure I I have a feeling it’s going to tag it soon maybe maybe before the end of the week and then the question is you know are the Bears going to try and put a small double top in I don’t know they might you know you look at the eight works just a little extended so just watch your size it’s all I’m saying but it’s been a great great great Trader you know Elon I’m not going to talk politics but it’s pretty nice having a billionaire travel around the country representing the USA trying to talk about free enterprise capitalism and he’s proved it time and time again okay he’s not you know he’s not using an agenda to get elected and stay there and get paid $300,000 being con and or Senate and coming out worth $50 million how does that happen because people pay for some influence I don’t know anyway um yeah elon’s elon’s a mad like I’m a riser I rise and grind this guy you know he’s just everywhere you know anyway he might have a big staff that helps him Elon is leading the mind of Our Generation yeah no one really hates towards Z Bobby only people who hate everyone you know if you hate success if you hate you know like like look at I hate to say look what’s happening with this whole thing with the UNH Co who was killed they’re now starting to glorify the killer because they’re saying he made a stand against the healthc care industry that at times everyone gets frustrated with he still killed a dad you know a son a husband I’m not going to get into it but that’s kind of crazy same way like you know I’m not going to get into the whole Israel Palestine thing but on October 7th 1200 or more people were killed and hostages were taken and then people were met at Israel for fighting back because I don’t we can’t talk about this right now can’t talk about Cadence we can’t talk about politics and we can’t talk about you know mangion whatever the hell guy’s name is but we’ll talk about Tesla that 414 could happen you know crazy world we living control what you can control don’t don’t get frustrated and pissed and start breaking TVs and keyboards but anyway what’s my thoughts on Meta Meta is acting very well um I’ve been I traded meta really I I’m not in meta right now I I should be you know I I kind of nickel and D this a little bit I had a really really good trade around 590 through 603 um I stayed with it I sold some above 627 I even I I I tra I traded yes I’m I I felt I’ve been feeling the Market’s A little vulnerable so I’m trying to figure out ways not to get caught with too many things and meta you could buy a dip in meta thinking the level’s going to hold it can go down $10 in your in your face another 10 and you could lose a lot I lost six figures in meta one day last year that took me a while to come back to when it was acting like the strongest stock and all of a sudden went lower I’m like go buy a dip turned into a $20 dip and Traders got you know rolled but anyway I like meta if you want to be long meta into the end of the year just make sure it holds 603 to 605 and just don’t overdo it if you’re not active what’s meta doing today meta is not doing much you know you do have the CPI coming out some people ask me what about the iwm you know iwm you know it’s been grinding grinding lower that’s what it does like look grind grind grind grind grind grind grind then boom you know and then you know grind grind grind grind grind boom up and now it’s like kind of hanging here so I I took a little what calls I took I just bought some call 239’s thinking that if I think that the the the the whisper is that the CPI is going to be a little hotter and a hot CPI is not good for rates and not good for the iwm so if it happens to be a little lighter and they cook the books a little bit maybe the iwm gets a pop and it could be something to focus on today but that’s a big maybe just know that you know a light CPI is good for the IW my hot CPI isn’t Willie O’Neal has a number one rule no stocks under $10 I get it health-minded but I’m a Trader I trade for a living uh you know I’m not going to ride a stock down from 50 to two because once it breaks the 821 day I get out of the way but if a stock goes from you know 100 to four and it’s being sold at four because there are so many winners everywhere and the people need to take tax losses on it I could find a nice day one on volume that might have a stock go from 4 to 12 not back to 80 I can make two 300% with the January effect while these guys are just either out of it or making a little bit of money back because we are Market timers and we actively trade for living besides put money every month in a 401k besides put money in a $520 for our kids to go to college besides a whole life insurance policy so our fam set that’s red dog Financial Wellness but anyway you know you’re going to see Red Dog mindset Financial wellness and coaching and events coming out in 2025 you think gon’s everywhere you just wait anyway with that being said it’s 6:55 I’m a little uh I’m a little I’m a little past the time frame that I’m allowed so put some handcuffs on the dog that are soon going to be Unshackled oh that’s one of the exercises I use in my sauna in my 15minute workout that I’m going to share with the world you could sit in a chair with 15 pounds like this in a sauna and sweat your kazis off and get your mind right later guys