2024-12-12

Scott Redler Morning Call – Key Insights from December 12, 2024

Scott Redler, the Chief Strategic Officer at T3 Live.com, brought crucial insights in his “Morning Call” session on December 12, 2024. Despite a slight delay due to their festive celebration the night before, Redler provided rich analysis on the market’s ongoing trends, upcoming economic indicators, and highlighted stocks and sectors. This session comes at a pivotal time when traders are closely monitoring market movements and economic data releases.

Market Vulnerability and Economic Data Response

In a market tempered by recent celebrations and holiday cheers, Redler pointed out the market’s initial vulnerability going into the Consumer Price Index (CPI) announcement. The CPI data, aligning closely with expectations, brought a sense of relief with a "lighter feel," which was well-received by the market. Attention was then swiftly redirected towards the Producer Price Index (PPI) data, which was imminent at the time of the discussion. Redler monitored the slight downturn in ETFs like SPY and TLT, indicating subtle market reactions ahead of the PPI data release.

Sector-Specific Performance: Technology and Crypto in Focus

Delving into sector-specific performances, Redler highlighted varied movements across different sectors. The Russell 2000 index (IWM), although not where the primary action was observed, still maintained a position above the 21-day moving average, suggesting an underlying resilience despite not being the focus of recent market action. On the other hand, the primary action revolved around the “MAG 7” technology giants and cryptocurrency, sectors that have been more dynamically engaging throughout the year.

Individual Stock Highlights: Apple, Meta, Amazon, and Tesla

Apple (AAPL) experienced a noteworthy rally, peaking before Redler observed a potential sell signal via a "red dog reversal," pointing out that the traders might consider this an opportunity to exit into the strength if still holding positions from prior rallies.

Meta (META) also saw a significant uptick, with Redler himself exiting positions into strength before noting a potential re-entry point at a slightly lower price threshold, assuming the market presented the opportunity.

Amazon (AMZN) and Tesla’s stocks were under observation for their quick recoveries after minor dips, indicating shallow pullbacks which left limited room for buying at lower prices. This pattern emphasized the rapid market movements and the necessity for traders to be vigilant and responsive.

In Tesla’s case, engagement levels remained high with expectations of continued interactions as traders speculate on further directional cues based on market and internal company developments.

Economic Indicators and Final Market Stance

Before concluding the session, Redler discussed the broader implications of economic indicators like PPI and unemployment claims, both of which could steer market sentiment in the forthcoming sessions. Despite the initial in-line economic data, slight shifts in indices like SPY, TLT, and stocks indicated a market that was still deciding its direction.

As technology stocks showed signs of strong positioning yet vulnerable to quick shifts, and with Bitcoin and semiconductor stocks becoming focal points of trading discussions, Redler’s insights pointed towards an environment rich with both opportunities and risks.

Conclusion

Scott Redler’s Morning Call on December 12, 2024, provided not just a recap of past market actions but also a nuanced forecast geared towards helping traders navigate potential market volatilities. As we proceed further into the month, keeping an eye on highlighted stocks, responding swiftly to economic indicators, and maintaining a diversified focus across sectors will be vital for trading success in these fluctuating markets.

Watch this video below for more info:

Scott Redler Morning Call – December 12, 2024



2024-12-12 13:45:05
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:
weth it is Thursday happy Thursday hopefully everyone’s feeling well take a little disclosure you know the drill uh my name is Scott R I’m the chief strategic officer of T3 live.com sorry today’s morning call is a little late we had our Christmas party last night or our holiday party because there’s a lot of holidays it’s not just Christmas so hopefully everyone is having a little fun with whatever they um actually celebrate um a lot of people pretty happy last night good trading year people are following their rules and love to see the Gratitude in the room um you know especially even for the things that I do for the community so it’s always good to see it’s fun anyway so with that being said Mark looked a little market looked a little vulnerable going into the CPI and then the CPI was like in line with a little bit of a a lighter feel so um you know markets kind of applauded that and markets have been in a strong Trend and it was bought again so now we’ll see what happens with the PPI the PPI is in 3 minutes as of right now um the spies are uh what are the spies doing the spies we’re down a dollar the spies are down 80 cents so we’ll see what the PPI does to it what are the tlts doing somebody asked me because that’s what people kind of looking at what what rates are doing the tlts are are down 50 cents so we’ll see if anything changes you know with the PPI in 3 minutes um iwm is not doing great you know if you take a real like step back you know and you zoom out a little bit it’s still fine from 244 it’s still above the 21 day it’s just not where the action’s been so don’t over Focus the action’s been in mag 7 um the action’s been in crypto and that’s where we’ve been trying to live you know if you go through the setups here they’re all different you know Apple was unbelievable for so many through 230 237 and now you have a red dog reversal sell here so hopefully if you were still in it I wasn’t in it yesterday you got out of it into strength and now it seems like you know maybe it continues below 24620 if you’re looking to for a cute short which I’m not going to do you know maybe goes below that and then sees a move to 24450 I’d rather be a buyer at$ 24450 $5 off the highs than looking for a cute short it’s up to you guys meta I got out of also some people got out yesterday into the six into strength it hit 638 this morning it’s down a little bit I would think 625 is could be viable so I’m not in meta I might take a look at it Versa low um I don’t even know if it gets there but it might you know if you look at meta right now meta is down 320 at 629 I would think 625 is 626 is you know from 6 8ish these things aren’t pulling back that much until they do so just be careful I’ve been trying to you know be careful not buy things too fast but you know they’re not giving you that much time same thing with Amazon I thought I’d be able to buy Amazon lower okay and it didn’t happen you know over on Amazon you know put a loan at 224 didn’t even see the eth day and went up to 23120 so these dips have been very very shallow and you know once you get out it’s hard to get back in you know just it’s just that’s the way it is so you might as well maybe maybe being less and trade around it so you stay engaged that’s what’s been going on with me with Tesla Tesla has been awesome because I’ve been staying engaged like it goes against me and I’m not so worried it keeps me engaged I buy more I add to it and let’s see all right ppi is out right now consensus spies still down 80 cent TLT down 40 cents nothing really going on here with the iwm not much going on you know Bitcoin was down 4050 cents I bought some more this morning so that was good claims are coming out right now too here’s the Alpha Team talking um let see post the PPI please anybody anybody seems like from I hear see we have a a news guy talking so I hear it sounds like it’s in line in line here we go us PPI X food energy 3.4 oh so looks like the headline is hotter with cor inflation right see any some news out on nna I’m not trading free market right now I got too much stuff to do it’s a little hotter all right let’s continue here right now spies are coming a little bit the only thing I have sold for a hedge is uh some 608 calls which wouldn’t be so bad to keep everything else is up or down small spies 20 tlts coming in a little bit here so we’ll see all right so Tesla we’ll see what goes on there too what’s Tesla doing Tesla was just up a bucking change is probably awful little bit it’s down 17 cents 42 488s the high we have had a lot of different ways to buy Tesla and probably today’s not the day to buy if you haven’t been in it just saying um but doesn’t mean it’s an easy short either um I showed you Amazon I showed you uh meta showed you Apple there’s Tesla semis seem a little bit better you know every time it looks like we’re about to fall off a cliff they save it so we’ll see what happens here today they’re down a little bit as long as it holds this 237 238 area you can’t get too bearish um Nvidia kind of held where it had to yes they got stronger throughout the course of the day kind of got out of the danger zone what do I mean by the danger zone well you know just means that you know this is a big support and didn’t break below it didn’t come ahead when it bounced you know there might be a trade with Nvidia today actually the video is down a little bit you know it’s down a dollar after being up four that’s something to look at that might go red to Green spies right now are down a buck 40 Tesla’s down a little bit so we’ll see what what goes on there um uh I think this or is kind of set up you know nice candle yes I took back the moving averages is down a little bit so that might be something that I haven’t traded in a while that I might buy to go red to Green if the semis won’t have a good day looks like arms in play aago after the close um you know Vago uh get you know this is the big pivot area for above today but it’s you know earnings I I have no interest in spending five to 10 grand on an option play I if I miss this I miss this it’s not it’s not it’s not a problem it’s not a focus um what’s been a focus Bitcoin has been a focus Mis has been a focus Mis gave us a red dog reversal the other day you know when it reclaimed 363 okay then wind up seeing a high of 412 is not so bad nice Red Dog reversal I’m still in small you know I told you guys on on Monday that there’s talk it’ll be in the NASDAQ 100 it’s been a good thing to sell some puts and and try and play to the long side um I also bought a little wolf yesterday you know in the lower end of the range kind of shitty stock to be honest but I figured something to do and so far I bought it under 7 and now it’s 730 740 um Bitcoin did that red dog reversal around this this pivot which I thought was important 5463 that’s where I added and yesterday it had a nice day I did buy a little bit before down 40 cents I sold a little bit of that up 10 cents I’m still managing it I do think at some point it’s going to you know make new highs we’ll see when um and then I have a bunch of like January effect typee stocks and that aren’t really day trades and might not you know might not be you know the exact right time but I’m okay to do it for the January Effect one of them is celh it actually got upgraded this morning we’ll see if it happens so these are like my you know these are my January effect names Blackberry Lucid Neo open oxy and Val so these are the ones that I’m buying some options for January 17 which doesn’t look like it yet but you know I’m I’m I have enough wherewithal that I could do a little bit like that not too much where you know if it doesn’t work in December I don’t want it to take away from my quarter December but enough where we’ll see I also um fxi was up a little bit um this morning and then now it’s not I’m not sure you know what’s next here but I was buying the fxi the CH the tiger into here and I sold over half into this big move so I’m accumulating back here a little bit you would think they the try to stabilize things but anyway we’ll see how it goes um this point it looks like we’re selling off a little bit more spies are down 166 tlts are down 40 cents so rates aren’t moving much Nidia is off Tesla’s now off so we we you know hopefully uh you know we’ll see what goes on here today all right guys good luck little little little erratic so