2024-12-05

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

In the ever-fluctuating arena of the stock market, staying ahead with informed analysis and strategic planning is crucial for traders at all levels. Scott Redler, the Chief Strategic Officer at T3 Live.com, offers daily insights into market trends, trading strategies, and more through his live streaming sessions. On a snowy morning this December 5, Scott hosted another episode of his #630club, providing live stock market analysis that both seasoned traders and novices could benefit from.

Introductory Remarks

The session kicked off with Scott sharing a personal touch about enjoying the snowy weather, setting a relaxed yet focused tone. He emphasized the importance of staying vigilant during the holiday season, a time when it’s easy to get carried away by festivities and lose sight of market movements. With a lighthearted mention of the recent Christmas tree lighting in New York City, he transitioned into the core of his analysis.

Market Open Strategies

Scott began by addressing the market’s opening tone, noting that futures were slightly down. However, he reassured viewers by highlighting the resilience shown in recent market trends. Utilizing the S&P 500 ETF (SPY) as an example, he explained his methodology of assessing market conditions based on the movement above the 8-day moving average – a key indicator for his trading decisions.

Handling Bitcoin’s Surge

A significant portion of the discussion focused on Bitcoin’s recent breakthrough, with its value soaring above $100,000. Scott provided a walkthrough of his trading actions and strategies concerning Bitcoin, showcasing real-time trades to offer a practical learning experience for viewers. His approach underscored the blended technique of holding positions while being ready to trim gains, illustrating disciplined risk management.

Tesla’s New Price Target

Moving onto individual stocks, Scott analyzed Tesla after recent news of Bank of America setting a new price target of $400 on the stock. He dissected the stock’s current positioning and speculated potential movements, reinforcing the educational aspect of his analysis by advising on trading psychology and execution strategies.

Broadening Market Analysis

Expanding his review, Scott touched on multiple market sectors including technology and semiconductors, mentioning key moves in stocks like Nvidia and discussing the overall health of the tech sector. His comprehensive approach not only covered the specifics of each stock but also delved into sector-wide implications and strategic trades.

Engaging with the Trading Community

Throughout the session, Scott interacted with his audience, responding to comments and questions. This interaction emphasized the community aspect of trading, where sharing insights and strategies enriches everyone’s learning experience.

Conclusion: Importance of Consistency and Discipline

Scott wrapped up the analysis by reminding his viewers of the importance of consistency in trading. He stressed the need to remain disciplined, especially given the volatile nature of the market. His parting words focused on the upcoming jobs report, hinting at its potential impact on the market and upcoming trading opportunities.

Scott Redler’s #630club is more than just a market analysis session; it’s a comprehensive educational journey that equips traders with the knowledge to navigate the complexities of stock trading. With a blend of technical insights, real-time examples, and engaging commentary, Scott continues to be a valued resource for traders aiming to enhance their market strategies.

Watch this video below for more info:

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



2024-12-05 11:50:50
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 6:30 it is December 5th it’s a little snowy Thursday I love snowy Thursdays actually the first one something to be said about sitting in your Barrel the snow’s coming down your dog’s walking around you’re thinking about your positions you’re thinking about what’s happening this holiday season I don’t know if you guys watched wasn’t the greatest but you watched uh last night the lighting of the Christmas tree in New York City was pretty cool that it was snowing get everyone a little bit in the in the holiday spirit hopefully you’re in the holiday spirit I think a lot of people are but listen don’t get ahead of yourself don’t fall asleep behind the wheel don’t all of a sudden get too big and then have them do a leg sweep and then you’re giving back you know four or five days worth of profits in one because all of a sudden you’re feeling too good check yourself before you wreck yourself who said that isn’t that like a famous singer anyway my name is Scott rler I am the chief strategic officer of T3 live.com here we are getting the day going I got my ice coffee by the way I’m starting to learn some words so in Dunkin Donuts I have this this this this woman here there who’s really nice and I want to learn some some words to communicate so if you know this word this is for you chcho guess what that means means how are you anyway kcho I’m learning a word a week so we we’ll do that right everyone wants to learn English why can’t we learn some other languages just saying all right so here we are what are the Futures doing the Futures are down small which makes some sense you look here look at this look at this move in the spies every day above the E day moving average what’s one of my methodologies if you’re above the eight day moving average what are you doing you’re massaging your positions you’re long you’re figuring it out you’re trying to use your tier system you’re trying to do all the things you do to make a living and that’s what we have to do we make a living to provide for family right so here is the Alpha Team okay this is the Alpha Team you know they get to see my positions that I’ve been massaging you know obviously bitcoin’s the big news it’s up over a 100,000 Hey listen everyone’s like red Dogg you know those cheesy pictures I’m like I I like to have some fun you know first thing I did is you know on October 11th we posted a little picture of a turkey he wasn’t really that strong the turkey tried to 85,000 and then obviously went higher than that I had the the turkey hand off the Baton to Santa and now I’m saying Tommy I got this and here we are at 100,000 plus but there’s no it’s not you know there nothing funny about making money and I’ll tell you you know there are a lot of guys who changed their life a little bit with crypto um I wasn’t one of the early adopters I didn’t buy Bitcoin at a thousand or 1500 or 2,000 I’m I’m a blue collar grinder I I trade these things and I’ve been trading it really well and on here you know the ver the virtual trade FL get to see what I’ve did look at that sell button I’m allowed to sell some so basically I added to my ibit on the wedge breaking out yesterday now they get to watch me trim a little bit so look I’m going to trim a little bit more just just so you could see how they get to see it real time around the world ready one two three I sell some three it’s going to flash red so it shows that I’m reducing I added yesterday reduced today what do we call that the tier system anyway somebody jrock’s telling me the Bank of America put a $400 price Target on Tesla all right we’ll see if that helps today anyway going back to bitcoin first of all that’s the trend in the spies which has been beautiful beautiful and then here’s ibit right that was the wedge pattern that we’ve been talking about I’ve been posting this chart every day first was the breakout we hit a peak remember this we were buying almost into the 21 Day and then uh you know we crossed the Apex yesterday and I tweeted I’m like ibit is crossing the Apex of this you know this bull wedge type flag and boom and now all of a sudden you look at the ibit it’s up another $2 today um guess what we also started a a product called the you know power play options and yesterday I’m like ah you know it’s a good one I think brick coins can go over 100,000 so I had guys yesterday buy the ibit 58 for 1227 I guess we were a little early and sold the 61s thinking hey if we get to 103 to 110 chances are they could risk 60 cents to make 330 and make another 2x or 3x nice start anyway they don’t all work out that way so don’t get spoiled oiled so here we are now above this area so we just did what Tesla they put a $400 price Target on it it’s getting a little juicy how’s it been so easy listen not every move could be fast and furious like we had post election okay we’ve been consolidating I remember a week ago he came in they so sold they sold that up open which was not fun but it happens we can’t control every the dayto day we control how we deal with the dayto day and PS um now it looks like we just held the8 day we’re going sideways and I think there’s a chance you say there’s a chance that today or tomorrow Tesla takes out this little spot and now you know right now we’re at 35858 this is 360 this is 361 it clears this spot and I gotta say I think it’s going to be a nice move anyway it’s got to have some volume and um you know it has them in all Tesla all the time you know we went with meta uh two days ago okay I actually put this on as a power play too my power play guys are killing it for $99 a year probably the best bargain on Wall Street but I’m not here to pitch you I’m just here to tell you you know use your resources anyway so we had this mve from 578 went to 614 yesterday I was buying a dip carefully I wasn’t sure if they could test 603 they didn’t came to 605 and digested well it’s a little extended so we’re able to make extra cash flow you know in our job because this is our job maybe it’s not your job maybe you’re just you know you’re a police officer you’re a fireman you’re a doctor you know you’re a student student trying to make money yes Chase and all his friends are really active on their their uh Robin it accounts lately but anyway um so you were able to buy the dip now we go sideways and see if you remember Apple we were pitching pitching I don’t pitch stock I I did when I was like 25 years old for about a year and then I said I don’t want to be a salesman ever again I want to trade and I want to execute and make monies but anyway we were talking about getting above 230 and then 237 and now uh 244 by the way you want to hear a good song this is a good song for a [Music] second anyway I don’t sit here and listen to TBC Bloomberg or any of those guys I sit here and listen to music I do my charts and I feel good about the morning if you win your morning you win the day we’re going to start a whole a whole new Concept in 2025 for you anyway that that was a nice move I’m actually would like to see apple consolidate i’ like to buy some more Apple um I have not been involved with Google I don’t think it’s you know it’s it’s had a little sequence off the lows but it’s not doing anything special the semi start to get a little bit better remember last Wednesday the Wednesday before Thanksgiving you know we we broke below this neckline and came back above it and sometimes either the neckline breaks and you get that waterfall or sometimes it holds and it trap shorts it has a you know nice little action and so far so good good action here we were buying Nidia that day I think that Wednesday morning I was telling you guys I was buying the 135 calls 135 calls into this area remember Red Dog reversal post earnings I waited patiently I’m like let’s look at the 100 day but we’ll start and now all of a sudden you had a nice move and now I’ll see if it holds this 140 45 which it probably does and uh continues to the upside um it does have some room and we’ve been making some good money in the semis um you know just moving around you got to move your feet right a lot of different sectors a lot of different areas like yesterday I took a little bit of a shot not a shot but I just said hey you know what um I haven’t really been playing the iwm the iwm had a decent move you know decent move a big move you know post election and now you have a nice bull flag right here so I’m like hey you know what maybe while we’re sitting here at 240 or 239 I go out and buy some 245 calls just in case the small caps in the market wants to once we’re overbought in the mag seven which we’re getting a little close to it then maybe you know we get a push in the iwm so while it’s coming in you have a buy the dip into the 8 day trade and then you have like a momentum trade so there’s two different types of trade and then above here would be the momentum trade same way with Tesla you have the you know buy a dip into the eight day trade which is why I’m long Tesla long verse this area long verse The Gap and then hey when it gets in motion and gets above an area with volum and clears it you have a add a momentum tier for hopefully motion to bring it higher and if it gets and all of a sudden you add at 360 and it doesn’t go through and it pulls back to 358 you have to be careful because it ruins a little bit of your of your average cost so when you’re adding a tier for a certain thought that thought doesn’t happen you better make sure you can handle that thought all right let me say hello to some of my dogs around the world we go to comments all right these are the dogs my my dog pound okay we got Blair good morning and thanks for keeping on track the Run continu is easy to get caught up in all of this and not pay attention to the wheel that’s true that’s why I say don’t let your highs get too high your lows get too low because that could get you in a little bit of trouble right um let’s see get it done says Bitcoin cues all right good job Mikey pegs we got Dario dip morning redler well no one calls me redler people call me redler in college um morning from Albany that’s where I went to college K gerps is loveing his Square should we play that hey Alexa play it hip to be Square let’s see if Alexa knows that song so the square is right here look at this move oh yeah look I’m gonna go over some charts while you guys listen to H to be square there’s the moving [Music] average listen sometimes you got to look at the daily and the weekly to get the big picture and this looks great we had two sets of options I sold a little bit yesterday I still have square options oh it’s a good song um anyway what up you love the Alpha Team thank you Allison one guys one let’s see little fun fact what movie was this song from hint hint it was in the 80s um oh you want to look at coin B yeah boing is doing a bit better it’s a little bit of a broken bounce I don’t even know where are where are you guys talking to me from you talking to me from YouTube are you talking to me from from uh from Twitter let’s see if you guys can even hear what’s up British bloke we got tapen all right maybe you guys want I could let’s see look at coin by the way look at this tight move that happened yesterday look at that bull flag consolidation above the 8 day strong close usually YouTube so red dog’s got to start a new YouTube channel anyway look at uh let’s go to coin this is like trading 101 right here’s here’s coin it’s up $10 so if you took it home because it broke above 317 and closed strong you’re getting what they call follow through and what do you do when it’s up 10 you trim and Trail so you net some money add it to your stack them pack them and rack them and move on Blair Blair you could you do from Twitter stepan you appreciate consistency listen I don’t have to have much talent out there because people are lazy all I need to do is be consistent and wake up so coins up 10 so I have coin options I have square options and I have ibit look at this nice little Trio oh let’s not forget B wolf nice little pocket by the way this is what I have up I have six screens and I always have these level twos that kind of like play to my eyes you know because I have ADHD and I need to be like but anyway uh good morning it’s Thursday I have a dinner tonight with 40 guys from the Short Hills area and uh tomorrow I’m G to be a little fuzzy so deal with it anyway that’s the wolf I I did do a little funny uh you guys want to see the wolf and the Red Dog here’s the wolf and the Red Dog people like why do you post that thing I think it’s fun so I posted this meme of the red dog and the Wolf and this was on October 11th when I started the Turkey Trot for Bitcoin just because I feel like I like to have some fun you can’t communicate on Twitter Dave oh so you do it just on um YouTube anyway that was pretty cool and then if you go back let’s see if I know how to go back go back okay want to see Santa Claus so this was the other one we made that was kind of kind of funny where is it where is Santa by way this is every day people like Red Dog why aren’t you creative why do you put the same thing up every day I’m like because you have to do the same thing every day you have to do your routine your process otherwise you might let oh did you see what Nancy ploty did about this whole thing how they make up these rumors about people and then they put it in the press and they prob and condemn you that’s gross but anyway we not here oh so this was here’s uh here’s Tommy handing off the Baton to Santa what’s Santa Claus going to do now it’s over 102,000 he’s going to have to go on vacation anyway uh let’s go back to um let’s go back to uh where were we not streamyard we were on Tren Spider by the way I’m proba I’m GNA start doing some webinars with my friends from Tren spider yeah all right so what else is happening here um now you know this is your morning to trim and Trail this is your morning to massage your positions this is your morning to you know take a deep breath um I I could see the spies just kind of hanging out you know spies just had a big move so it wouldn’t be so bad if the spies kind of have an inside day ahead of the jobs report tomorrow tomorrow the jobs report’s going to be really important because it’s gonna basically you know either if it’s it’s it’s a little light then maybe we do get that December 18th 25 basis point cut if it’s a little hot chances are my iwm calls aren’t going to work and we’ll see how it goes so for right now it’s started stepping higher the cues have been absolutely fantastic you know we talked about this wedge formation on top of this big pattern here with the mag s leading the way I was on with um Liz Clayman my girl uh not my girl but good friend of mine that I’ve been on for like 15 years and um you know it’s been great you I’m glad I get to go on and talk to her viewers on Fox Business um I’ve been doing her for a while and um you know it’s fun to talk to the masses but this is really how you communicate it’s hard for you to make money watching me on Fox Business you know you could get the general feel but really you want to tune in to the nuts and bolts of the trading day here you go um if you want to get the charts and you want to get be told what to do there’s a lot of T3 um type of products for you we just had all these sales and um and soon we’re going to do the red dog and the raw which is coming attractions for 2025 but we’ll get to that across that bridge when we get there so anyway uh trim and Trail today congratulations if you’ve been on this Bitcoin crypto train what I will say is be careful with memes coins now everyone made so much money there’s so much money going around so much sloth that you’re going to see these these coins that do absolutely nothing that are made up by influencers and they’re going to do a pump it’ll go to a billion dollar valuation and then six months from now it could be back at 50 million and you’re going to be like don’t do it don’t do it there are Cycles here anyway uh but if you if you catch one and you book it they can’t take it away so just be careful don’t get caught up if you get caught up that’s how you mess up caught up mess up we don’t want to mess up we want to enter the holiday season strong and have a good time and close the year you know on a good note I appreciate you my dogs time for me to do 40 charts later [Music]