2024-12-23

Exploring Scott Redler’s #630club: Key Stock Market Insights and Analysis

Navigating the stock market can often seem like a complex chess game, requiring precise moves and strategic foresight. On December 23, 2024, in a timely edition of Scott Redler’s #630club, Redler, a seasoned trader with three decades of experience, shares his insights on live stock market analysis. With a plethora of advice wrapped in personal anecdotes and tactical trading moves, this session, broadcasted live, offers valuable lessons and strategies crucial for trading during the volatile holiday season.

A Strategic Approach to Holiday Trading

Redler begins by stressing the importance of careful trading during the festive week. He emphatically advises against reckless trading decisions which could lead to unnecessary financial losses, underscoring that the period’s primary focus should be family and relaxation, not market gains. This period, according to Redler, is not the time to "push the envelope" or make high-risk moves in the market.

Key Market Movements and Decisions

Redler walks through several specific trading scenarios and movements from the preceding days. He discusses the aftermath of a significant market drop post-Federal Reserve announcement, which led to a strategized entry into positions anticipating a market bounce. This particularly paid off with investments in entities like Nvidia and Tesla, which saw substantial activity and rebounded well, according to his analysis.

The Role of Buy/Sell Imbalances in Trading

A considerable part of Redler’s analysis touches on the critical impact of buy and sell imbalances, especially concerning major stocks like Apple and Tesla. He describes how shifts in these imbalances affect stock prices at the close of trading sessions. The insights into when funds have too much (or too little) of a stock due to rebalancing could be crucial for traders looking to anticipate market movements effectively.

Tactical Trading and Portfolio Management

Developing a Trading Plan

Central to Redler’s discussion is the development of a thoughtful trading plan that accounts for potential market scenarios. He shares a glimpse into his tactical approach towards building a resilient portfolio, balancing between aggressive and defensive strategies based on market conditions and personal trading thresholds.

Analyzing Market Indices and Movements

Redler delves deeper into specific indices like the S&P 500 and Nasdaq, using them as benchmarks to discuss broader market trends and trader sentiment. By examining critical points where these indices either dropped or recovered, he provides a playbook on potential future movements and response strategies.

Leveraging Market Volatility

Understanding and leveraging market volatility is another theme Redler focuses on. He advises on how traders can position themselves during uncertain times, using volatility indices and other market indicators to gauge potential entry and exit points.

Trading Lessons and Market Wisdom

Through a narrative mixed with personal trading philosophies and market anecdotes, Redler provides listeners with a rich tapestry of advice aimed at refining their trading techniques and mindset. His emphasis on not overtrading, especially during a holiday-shortened week, resonates with traders who might feel the urge to compensate for less active market days.

Conclusion

The session by Scott Redler not only sheds light on specific stocks and market movements but also encapsulates the essence of strategic trading – balancing risk, understanding market dynamics, and maintaining a disciplined approach. For traders and investors alike, tapping into such analyses can pave the way for more informed and prudent trading decisions, crucial in a landscape as intricate and fluid as the financial markets.

As the year wraps up, Redler’s reflection on past trades and his outlook towards upcoming market scenarios offers a guiding beacon for many navigating these financial waters. The blend of tactical trading, market analysis, and personal discretion outlined in the #630club is a potent formula for anyone looking to enhance their trading repertoire, during the holiday season and beyond.

Watch this video below for more info:

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



2024-12-23 12:20:05
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] H we don’t want to do that again all right good morning my dogs it is uh 6:31 it is is December 23d wow it’s Monday what’s tomorrow tomorrow is Christmas Eve and then we have Hanukkah and Christmas on Wednesday if you celebrate either one and then I think Quanza is somewhere around there too so what does that mean to me it means that if you are here and you’re not on vacation if you’re not at the beaches and on the mountains do not do stupid things and and lose money do not push the envelope do not put yourself In Harm’s Way because the worst thing you could do is lose money for no reason and uh and and just you know not feel good on on a week where you should be spending time with your friends and and your family and enjoying yourself so for me I’m the Red Dog I got to be here I got to write my note I gotta you know perform you know on the Alpha Team I got to guide through and I was just uh I was just thinking to myself I’m like how many times have I thought to myself damn you know I could have been in Hawaii I could have been you know away on vacation and spending $25,000 instead of losing $25,000 sitting on my desk forcing trades so what the moral of the story don’t do that if you’re here listen there might be some good things to do if you know you know Friday we uh caught a nice little reversal we came in Friday morning I was pretty tactical because what happened on Wednesday post fed Market got beat up the spies lost its upper range I got stopped out of a lot of positions and I said hey you know I want some Market Discovery and by the time Friday morning we were down 4050 handles we had a light PC you know if you sold higher when we broke higher you had the opportunity to test lower that’s the ability of a trade and wind up being a really good day so I did wind up taking some positions thinking hey maybe we can get some upside follow through maybe Friday’s low is the lower this week and I also think the the preed you know high is probably the high you know but again so you know you come in this is uh the Alpha Team this is what I have um I didn’t all of a sudden like get everything back on but I did you know Nvidia was strong that reclaimed the prior low I bought Tesla on on Friday also made some good money it came back it had a little sell and balance at the end of the days so I actually uh bought more into the close I just trimmed some so you could see actually trimmed some here I was overnight um and uh now we’re going to see why am I short Apple because Apple had a buy inbalance it’s up 37 cents not a big deal you know well you know you have all these IMB the whole imbalance game I’m not going to get into that but over the course of the last year or two when Buffett was actually um buying all the apple he could um on the on the rebalanced trades funds would own too much apple there would always be a sell and balance at the end of the day and would’ be buying it on the close you know so what Tesla the reason why he came in a lot was because you know everyone’s been buying Tesla with us uh pre-election postelection and took you know shares out of the float so funds that are supposed to be balanced to the S&P with Tesla they had too much so that’s what caused a sell in balance and now you know Tesla’s up $10 and you know I I trimmed a little bit because I had more than I really wanted to but anyway these are just some thoughts listen been doing this for 30 years that’s why tune in to the 630 Club because you understand I’m a trusted voice that has been doing it and I have all of your best interest at heart at this point it’s cold out there you know I’ve already been up since what 4:45 in the morning I already did my 20 at 520 my 20 minutes of Mobility work and the mind right thinking about what I got to do today which we will be doing with you in 2025 and and here we go um you know let’s take oh I actually didn’t even show you the vtf here so here’s the vtf let’s see it shows oh I got a I gotta present here I gotta go like this boom boom so let’s see there’s a screen yeah so anyway sorry I I wasn’t showing you guys the screen where these are these are my guys talking about what’s out there this morning what’s the news out there so there’re they’re not on vacation either this is what I said before here’s your your Tesla I trimmed a little bit this morning not so bad up 10 points good way to start today besides a few other things spies it down a little bit n vide is flattish a lot of little things going on anyway with that being said what I say before do not put yourself In Harm’s Way do not overtrade do some small things try and you know create some cash flow but don’t put yourself in a bad mood going into uh you know going into the holiday it’s been too long of a year and people had too much you know too much success so if you look here real quickly at the spies what do I mean by you know taking some pressure off well we broke 602 right here that was the eth day that was fed day so if you had a bunch of positions on this was your spot to get out maybe have less positions less size get short yes you can get short you know maybe by puts and then obviously the size move was was really you know big and then what happened was on the bounce back it was very feeble remember I’m like we could see 591 593 595 and nothing you know the bounce back was so weak that it gave sellers some some conviction for Friday morning and Friday morning early we were down a bunch and then we reclaimed this 585 it went all the way up to 59575 and now the question is what do we do this week so I I put in so I was sitting in the sauna today thinking about all the different things that could happen right now the spies were up a buck 50 now they’re down 59 Cent so there’s still a little volatility um someone’s like red dog do you think this uh 580 is the low of this week we gonna have to worry about um you know just volatility heading into the last week I I don’t know I would think there’s a better than average chance that this low would be the low for this week and I would also say there’s a better than average chance that this might even be the high but I would say I would be very very confident to say it doesn’t get back above this spot if they wanted to push us into the end of the year um and then you have a lot of things in the middle for today you have 593 59575 now with the spies off a little bit you know you have um you know 585 and then this is where below that so you gota like kind of compartmentalize and see where you want to be Q’s uh reclaimed the prior low reclaimed 513 this is your new point of reference pushed up to 524 you know so this is resistance one this is bigger resistance then you see if you can get above that um you know the small caps were the most oversold um and so was the DOW we had a great trade in the Dow on on Friday you know the iwm still is nowhere but now if you just think about it also you know if you sold one a broke here or you sold one a broke there you had the luxury of buying it down and it was It was a quick and fast money trade on Friday a lot of people made good money buying the iwm and then what did it do it just went back to the 100 day so if I were to say Hey you know if you want to put resistance one two three on where these com can bounds if they bounce more you have 224 227 and then here’s your brick wall so if you map it out you know where maybe you could be a buyer to where it might pause at the first kiss and where you might want to short so that’s how you want to structure you know your day the next few days and we’ll see if today if today is just a reversal of the reversal you know maybe uh you know maybe that was it so who knows right now the iwm is down 72 cents and um we’re at uh 221 so uh what you could do is you go to your day chart you know so instead of your your daily chart you go back to here and say hey where was there a lot of support you know so what I do is I look back I’m like okay well this was kind of a decent amount of support that if the IW was any good it shouldn’t really get below 220 so maybe wants to go from red to green and have some continuation with some of the reversal strength from Friday we’re not but again you’re not going to overtrade because it’s a holiday week you want to have fun and you want to be nice and you want to feel good so anyway let me say see what my dogs are saying Jamie londono says good morning good morning what’s up Vincent happy Hanukkah same thing to you you’ve been grinched yeah we were up earlier this morning can I look at Uber of course I can feels like everyone always wants to buy Uber you know it was a good stock this year but again it it kind of got into a corrective phase when when when when Tesla got better um rum yes I am in rum I have options in Rum by the way I’ve been talking about rum you know ever since here you know ever since that those options were lighting up like a Christmas tree I’m like and the CEO said he was going to start getting stock friendly we had a big move up and then I did get stopped out of some here because of what happened on fed day but I kept my options that’s why sometimes I keep options on because I’m like you know what I have it on for a reason and uh I still have the rumble $7 calls on you could have bought a little bit after hours too it happened so fast you you know you could have had you could have probably bought nine and a quarter where’s rum now rum is uh before I looked at it was to 1050 so that’s a nice play so a lot of people in my community are probably making some good money but it all there are some that went to zero so I’m not like saying oh I’m in all these great options but you know I got stopped out of the stock after a really nice run and then because I got a more tactical I didn’t stick with the stock instead I have options on which are going to help the day um so anyway um yeah this morning the Ice Bar was solid my friends you know for those who were going to be following me along early in the morning in in the you know when we start getting into that situation I I I couldn’t crack it and I didn’t have enough time I needed to get here so I stood outside took my breaths and took in the cold 12 degree air with my feet were Barefoot and that was my way of uh you know changing up um the morning you know in a way that I had to so that’s where to do right sometimes you’re in a race you have race performance it doesn’t go your way and it turns into race management same way you have you know morning performance that turned into morning management yeah reddit reddit reddit looks good Reddit bounce back fast solded poller so these These are still leaders like this you know broke this ascending Channel you know repaired real fast some people like red dog it’s so choppy that I don’t like your ating 21 day rule I’m like why because sometimes I get out when I break the a in 21 day and then I get back a day too later I’m like okay but wouldn’t you rather get out when a break the a 21 day and then be out just in case it goes to the 50 100 and 200 day I’m like for instance look at the spies you know if you got out uh when it broke the a21 day on fed day right here you know you you did not sit into what would have been a very frustrating and and uh stressful Friday instead you got out here and then you you know you traded and then were maybe to able to buy back after market Market Discovery some things break the a21 day and reclaim them fast and hey get chopped up sometimes they break them and the trend changes and you’re out of the way and you don’t hold your nose and go under water so the 821 day to me is is a very very useful momentum Trend but Reddit you’re right Reddit rebuilt fast and at some point probably takes out this 181 and continues this has been a great go-to name what’s Reddit doing this morning Reddit is up a127 so if you bought some into the dip if you got out here you still were able to buy it a little bit lower and now you could be long Reddit verse 157 it looks pretty good Palante here also look how fast that reclaimed it was very very choppy and then all of a sudden boom you know held above the low from from Wednesday so this was Wednesday’s low higher inside day Thursday higher low so what is that telling you relative strength probably a good position to get back into so Reddit and poener look great but then Dash is taking its time cuz these with like The Three Amigos but not so bad you know if if you got out here at 173 is you’re able to buy back when this made a higher low so if you look here the spies you know made a lower low Dash held above it and gave you a decent bounce so what now um you know I think there’s a little bit more room here I still think this is going to rebuild I still think this is going to have a great 2025 um but you have to be tactical so what’s Das doing today I would assume it’s up a little bit all right it’s down 50 cents but you know it’s loose and wide there’s no volume here you know but again breaks the 21 Day which was really closer to 175 and 173 then your stress free you could take a step back and you can look to do it after market Discovery where it came down to 164 this went to this you know you could have been buying at 165 is after selling it at 173 you’re still saving 8 anyway what’s man ask me to do Scott um all right Uber feel like Uber’s turning into like what everybody says you know can take look a baba for me but um it’s trying to stabilize down here what could you have seen here this had a had a pretty bad breakout failure looked great then broke below this which was distribution and then since then it’s been rejected to moving averages the entire way down um can you be long versus spot yeah it’s it’s fine you know I I still think Uber obviously robotx is are real far away and this this this and that I’m not going to get into like the their narrative around but here’s 5933 sometimes these lower pivots break to the upside so if it’s going to do that it’s got to get above and stay above the E day but then it’s still you have resistance here you have resistance there you know it’s just it’s different it’s a different name than it was when it uh you know the last Trend to the highs but it looks okay um so if that’s cool if that’s what you want to you know focus on um I’m still focused on Tesla if you look at Tesla Tesla is still you know um gave you a way to sell it on on uh fed day which was right here you know Red Dog reversal sell at 484 went to 488 then you had an inside day and then you know it’s still above you know it’s playing with the 8 day above the 21 Day it did have a sell in Balance so it was worthy of focusing on I you know I made great day trading money here because again it’s at the top of my go to list I could see when this relative strengthen today I could see when the Futures move lower it holds in there I could add to it and trade around it that’s why I like this stock because it really trades you know in ways where you could get some Clues so bottom line is Tesla’s up 10 this is down 70 cents nice Rel of strength I’ve trim some and then we’ll see if it holds up if it doesn’t hold up and breaks 417 all right then you got the 21 Day if it holds up and goes inside and the market wants to go green and hang in there for the week maybe there’ll be a trade above this spot but I have a feeling it’s going to have a little bit inside action so Tesla to me is a little bit different than when it IT held 348 and took out 361 and gave you a huge move up which we did sell 510 calls and 530 calls we kind of like threaded that needle pretty well um what’s up Bobby 4.0 what’s up Nebraska um again if you’re around this morning make sure you’re just doing your thing and you know you’re not overdoing it if you’re up money make some money and feel good it’s the last week of the year you’re not going to make your year in the last week right anything you know there could be some things to do there could be some opportunities at your desk but make sure again you’re not overdoing it at this point you know we’re playing kind of Defense here which is great you know S&P was up 28 29% of the year we pulled in three and half% off the highs rallied Friday it could be you know not a whole lot of much so you want to make sure that you’re not doing too much here Apple was really strong but again Apple had a very big Buy in Balance you know into the close that’s that’s the only reason why I faded it I’m actually probably going to just cover it because I hate being short Apple you know and apple is what it’s up a quarter so it was worthy of a try so my trade on the close was you know was buy Tesla because of the sell imbalance and short Apple so not so bad I’m up 10 points in Tesla only down 20 cents in apple not a bad uh long short portfolio there even though I don’t do that I can’t believe the funds that have to do that like you know the long short funds that have a few billion dollars and they have to be exactly long and short at the same time that means you have to be right on the on the Longs and right on the shorts at least as a a professional Trader I’m directional like if stocks are going up I want to be in stocks if stocks are choppy I want to be a little less if stocks are going down I want to be out I want to be short you know versus having to pick out what to be long what to be short at the exact same time s so what a move that thing happened you know that thing was freaking nuts and look at the way it rebuilt you know on uh Friday so this is still acting really well we were focused on it down here if you if you sold into the loose and white action was extended maybe you bought some back and what’s it doing today I don’t know um it’s up to 20 cents probably needs time to rebuild some of these things rebuilt really fast you know by the way any of you guys in Blackberry with me that was awesome Blackberry was one of my uh January effect names I wound up working out really well I still have some options on um you know this did not pull in at all that Wednesday I’m still in Lucid Lucid still looks good lucid a higher high while the markets were repairing so that helped so not everything got just you know thrown out when the market had its big down day sometimes things go down less and then when you bounce you know they show you that you could be with them more than something else and lucid and blackberry were were awesome and Rumble wasn’t so bad either now as really as far as Bitcoin you know um I actually was flat Bitcoin for the first time since the Turkey Trot you guys know when I started started the turkey trod I started the turkey trod here on this day like October 11th and I trimmed into strength and uh I had small here when it broke 5862 I’m like I’m I’m out of ibit for now actively for a living like if you buy you know Bitcoin every single month for the next 10 years and you think it’s going to 250 great if you trade it actively and you want to get paid in December off it you know it’s not a bad sell considering you could have been a buyer Friday morning a lot lower and I am in some and it’s down a little bit right what’s ibit doing down 30 cents not a big deal so what do you have you have a new point of reference right what do I mean by new point of reference well you know you had your not really false breakout but a little bit of an overthrow then it broke this ascending channel so now the question is does it stay below this and then continue down to the 50-day well if it’s going to go down to the 50-day what does it have to do it’s got to get below and stay below 5393 so as of right now it’s not so I long small Bitcoin and I’ll see if I could buy a little bit more some guys did really well with mister as I said they sold strength every time here three times selling strength sell and strength and finally you could have bought a red dog reversal when have reclaimed 323 and it did it fast then it showed some Power by getting above 338 and now we’ll see um what the story is here um is it down a little bit with Bitcoin let’s see Mr down six so this is something that might be able to be a you know red to Green trade today for cash so I’m going to look at it what do I mean well first of all this is down 30 cents this is down six here’s Mister this was three it was at 350 at 330 and now it’s at 357 so I would think if this is going to give you a way to buy it you know pretty good support from from 330 it came off the lows had a buy and balance on the end of the day so maybe you could be a buyer verse 350 for it to go from down six to up four and boom you just made a few thousand dollars on a Monday before Christmas Eve could happen I’m going to probably try it and look at it but then again like with the last thought is what stock could cost you money and be very very stressful Mister so maybe this week again you don’t want to play the the most stressful stock out there just in case it doesn’t go your way um vzy has a similar as elucd and the BB all right Mr Mo I’ll check that out someone showed me this the other day and I didn’t buy a week or two ago yeah it does I remember this name from back in 2021 here is when it started this was your day one big day two day three got a little extended and it’s been above the eight days since and they came after it on Friday so yeah if you’re in this you know and you’re massaging the trade congratulations you know that’s how a new sequence starts so the same thing started with BB you know I woke up here I remember playing it into that and I bought the dip made a higher bought the dip and boom so right here this kind of started the active sequence to continue so an active sequence is start and if that’s something you want to stay with and you want to measure sometimes it works out well and BB definitely working out well vzy working out well you know if you if you sold it into this topping tail you had the luxury of buying back Versa level Lucid working out well I’ll tell you what’s not working out well is this C what a pain in the ass this stock is so anyway I do have options on I don’t have the stock and we’ll see if uh you know if it finally gives you a real wakeup candle you know so you can go like this now it’s still not at the lows of the year but it’s just too much chatter about how this has to go up and it hasn’t so and then everybody’s like yeah I’m so excited it’s going down I’m like are you really excited it’s going down or are you trying to play a role here anyway I do have some calls for January and February and we’ll see but I don’t have the stock you know I had the stock and I had the calls because it was looking decent in this little spot and then it failed and I got out of it so now I’m just in the options and we’ll see how that goes not every January effect play works and some of them need more time than others yeah oxy’s doing oxy helped um you know I finally had a candle here you know I um I started buying it for the January F somewhere around TI you know because it’s one of the few positions that Buffett hasn’t been selling he’s been actually buying so I have some of these little ones for the January effect and I have some energy names energy is the worst sector so what happens is the worst sectors get sold because people like I just got to take some losses so I have to pay taxes in January on the strong sectors and then once that sell dries up typically they lift and the news that buff it added to it helped and that’s why it had a green candle finally and that’s why I’m in stock also because hey maybe it acted a little different so besides just being in options I’m in stock also what’s it doing this morning what’s it doing this morning hey up a buck 45 for the crew I it’s in my spring account so I didn’t see that I was up there but I did buy that too so that’s cool is nice anyway 653 I’m already over my time frame um I appreciate you guys I’m Prett proud of you guys for hours in town yeah short sells finally got paid massini so you know again so many I just went over like Blackberry lucid and boozy little guys growth guys then oxy you know then you have these short plays these guys wind up making a few million dollars on this but I couldn’t do it this F I was telling you guys you know for a while since here that this thing was a sham but if you had a if you all you did is worry about whether this was going to go 100 before it went to five it was tough and then finally it it had its last harah where they halted it a few times and now it’s at five bucks and if you’re were able to stay the course congratulations I just tried to make sure you guys all knew it was a force and don’t get caught long because this chart looked pretty good if this was like apple or something I’d be like wow look at this chart it’s going sideways it’s woken up and then they last bait in for that same thing happened with like this eyes I there were a bunch of these things that you know W up looking like they’re ready to go and they squeeze the hell out of the shorts and they’re scams like these Chinese companies should not be able to do scams like this where’s the SEC but anyway I have guys that do it for living so every now and then I’ll at least tell you hey if you’re going to be trading along just be careful because one of these days it looks like it’s holy cow what’s going on here it’s just a a sham and if you can make money sitting there and paying the interest charges in this that congratulations yeah I think dog G I do think it is to be honest not telling you to do it but I I I think that this stock for according to some of my friends at Short things which is not my game I like to be long I like to find momentum names I Amazon meta in this but again I know people from around the world and everyone tells me what they do and they think this is the next one that could be five bucks but you know again to risk you know R risk is reward so we’ll see red dog when will you share your 2025 we’re working on that this week the 2025 Outlook um yeah cop is kind of like probably like an oxy vow so this one too so if you want an energy name that some people think is a really really strong company like I know there’s a few there’s a few funds out in Puerto Rico that love this and think obviously it’s just in a bad Trend it’s a bad sector so they’re positioning into the first quarter of next year so take a look at valal I think it’s uh I think it’s worth a look and with that being said I’m already I can’t believe I’m over my time on a holiday week anyway I appreciate you thanks for tuning in it’s been a great year hopefully you know you’re in a good frame of mind and again don’t put yourself in a position to give too much back and if you can make some money this week while you’re here I’m going to be in and out I’m going to try and be in and out after to be out at 11 o’ today you know I’m going to be in though every day framing the day and what some thoughts are for you for really for T3 in the Alpha Team but I do this for you guys which hopefully at some point anyway we’ll talk about it later uh Merry Christmas little kipster all right I’ll see you guys later good luck today e e e e e e e e e e