December 9, 2024

Scott Redler’s #630club – An In-Depth Live Analysis of Current Stock Market Trends

In an engaging session of the #630club, Scott Redler provides an extensive live analysis of the stock market as of December 9, 2024. Broadcasting early in the morning, Redler dives into several crucial aspects of the market, giving investors and traders alike a detailed look at how recent developments might shape the trading week.

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Overview of Current Market Conditions

Redler starts off by referencing the broader economic indicators affecting the market this week, notably the Consumer Price Index (CPI) and the Producer Price Index (PPI) due for release. With a quarter basis rate cut anticipated, these metrics could be pivotal in steering market sentiment. Moreover, following the jobs report, the focus shifts on how these figures will impact investor strategies across various sectors, including technology and commodities.

Key Stock Movements and Sector Highlights

Mega Cap Tech Surge

One of the major highlights from the session was Redler’s analysis of the ‘mega cap tech’ sector, which he mentioned had seen significant positive activity. Focusing specifically on stocks like Amazon, Meta, and Apple, Redler dissected their performance, pointing out specific price points that proved beneficial for traders who followed the active trend-following strategy he advocates.

For example, Redler pointed out Amazon’s surge past $200, aligning with specific call roll-ups that took advantage of the stock breaking previous all-time highs. Similarly, detailed looks into Meta and Apple revealed crucial resistance points that, once overtaken, signaled strong buy opportunities.

Cryptocurrency Fluctuations

The discussion on Bitcoin’s recent price action highlighted potential volatility following its short-term high. Redler applied a cautious tone regarding the immediate future of Bitcoin, suggesting the next moves could be critical for determining the short-term sentiment in the crypto market.

Impact of Market Additions

Redler touched on the implications of certain stocks like Workday and APO being added to the S&P 500, noting the effects of these additions on related securities and the broader market sentiment.

Trading Strategies and Advice

Redler also used real-time examples to emphasize the importance of adaptability in trading strategies. With Nvidia experiencing sudden price movements due to regulatory news from China, he stressed the necessity for traders to stay informed and flexible.

He further elaborated on various positions and options strategies, using his trades in Tesla options and China-focused ETFs as examples, thus providing listeners with insights into balancing a diversified trading portfolio.

Market Projections and Closing Thoughts

Closing the session, Scott Redler discussed potential market movements, particularly looking forward to the classic ‘Santa Claus rally.’ He underscored the importance of understanding market phases—ranging from methodical movements to more violent shakes—which can starkly differ in how they should be approached by traders.

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Final Analysis

Through his #630club session, Scott Redler not only provided a snapshot of the current market but also equipped traders with the foresight and strategies needed to navigate upcoming uncertainties. His mix of real-time analysis, seasoned forecasting, and personalized trading anecdotes offers invaluable insights, making such sessions a must-watch for serious market participants aiming to capitalize on short and long-term trading opportunities.

Stay tuned for more updates and market insights as Redler continues to explore the intricacies of stock market dynamics in future #630club episodes.

Watch this video below for more info:

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



2024-12-09 11:48:21
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 6:32 it is December 9th Monday hopefully everyone’s feeling all right and had a decent weekend and getting ready for the week um we have uh what do we have this week we have the CPI on Wednesday and the PPI and right now I think uh bet expectations are still for uh a quarter basis rate cut so we’ll see how that goes jobs reports behind us and we got a lot of stuff going on this morning you know Futures are down like four handles five handles you know crypto’s under a little pressure so I think the next day or two will be a little important for the you know the next uh potential move in in in Bitcoin whether whether that excitement that was sold is a short-term top or um you know or do we rebuild and and keep some momentum I’m not so sure so we’ll see you know I think there was a little disappointment that coin or or Mista wasn’t add to the S&P 500 it was workday and APO so a little little bit of everything so we got to figure out how we’re going to manage our bit of a portfolio approach if you look here at the chart of the S&P cash um what do we do we hit a high of 699 and the eight days down here and this was your last pivot we’ve been above the eight days it’s been a great active sequence I think a lot of people have been making some decent money which is good right you wan to you want to get paid for your hard work you know Mega cap Tech went absolutely ballistic last week we we focused pretty well um as a team on on the mag 7 if you remember this fngu you know we put this up here uh last week you know when it was ready to break out above 510 and uh what a move you know if if if the ETF could do this you know obviously we know what the different stocks did you know and were doing um it was something just happened with Nvidia so as I sit here Nvidia just came in in another 260 H which was a little weaker anyway I have some options coming did today and wow I we’ll see what happens here with Nvidia um but anyway Let’s uh let’s stay focused you know things do trade real time it is 6:34 in the morning um so anyway so this was really where the action was last week um we focused on a lot of great things you know Amazon what a move um mentioned you know 202 is was a spot to get you know to get long and figure it out we rolled up a lot of calls um gave you a move above all-time highs just like that this was your spot after it retested this 200 area that was awesome then you have Meta Meta was awesome you know really really nice trade you know meta took out this 578 uh took out 603 you know two big action areas one as high as 629 after a little inside action can’t be upset about that um so meow was awesome Apple was awesome you know Apple we talked about getting above 230 you know then 237 was a major pivot went to 244 this actually is going sideways this might give us a you know another setup but we’ll see um can’t even say how how much Tesla’s been great you know we came in here last week I’m like as long as we hold 348 is you could be long verse there and then Ed if it gets above 360 361 when his high is 38945 that’s a nice move 38 9 45 um so much money to be made in Tesla I um feel like I came up with a pretty good uh way for everybody to buy um pre-election we went with options and then postelection you had this area and here you go even chase chase is an apple and uh Tesla um I’m not really doing much with Google or Microsoft doesn’t mean you can’t you know Microsoft you know it’s kind of a lagered here but did reclaim all the moving averages so not so bad um and then we’ll see what this week brings you know sometimes this week is a little bit quiet you know and you pull in a little bit and then everybody starts talking about the Santa Claus rally like I said before crypto’s a little uh vulnerable I think but we’ll see you know you had this you know quick you know this this real big move that we’ve been talking about since October 11th we went over the turkey tribe with a little picture of the turkey you know and W up having a big move to 5916 they sold the strength remember you know kind of we were above 104,000 and kind of held in here so we’ll see you know does does ibit hold 5570 today I think that’s pretty important wow Nvidia is really getting hit what they do China opens investigation into Nvidia all right well we kind of knew that but we’ll see so anyway let’s go to ibit First ibit is right here you know down a buck 85 55 95 so really right here is important if all of a sudden it gets below here you know then uh it could start shaking it up a little bit instead of having such an such a methodical move to the upside it could get a little little bit more violent um so this will be an easy spot if all of a sudden we hold here today and you could buy ibit you know that wouldn’t be so bad but if this were to break and the eight day breaks you know there’s some you know can get a little sloppy you know there’s a difference between methodical and momentum and a difference between sloppy I will say just so everyone knows I’m not going to the comments because I don’t want to really you know I don’t really want to talk about Cadence um anyway so that’s there um I do have some coin options on still you know it wasn’t added to the S&P I didn’t take coin stock cuz again who knew but it was looking pretty good I would think you know coin it would be important does coin hold three 15 so it’s kind of similar to your ibit does it give you a buyable dip into the E day or is or is it going to shake the tree a little bit more so coin that level is uh right is three that’s wow 335 it’s way above that so that’s doesn’t look so bad um let’s see piter wow that’s uh that’s up with Tesla look at that move you I got to give it to some of my guys on the Alpha Team they’ve made a lot of money in paler I haven’t been riding it as much as I probably could have but you know what we say can’t kiss all the can’t kiss all the babies or the women you know but uh giving you no reason to short it if you’re short pil here you’re breaking every rule in the book it’s above the E day there’s momentum it leads it’s it’s everything there is you know um what am I going to focus on this here well you know I come in with a you know a lot of stuff so if you remember remember I was buying the fxi into this you know for the January fact I said January 17 I’m buying went over this uh the options so went over buying what did we buy we bought the IBI fxi 2985 for January 17th um fxi uh 385s uh Chu there was so much option guys going off on that and I bought a ton of tiger call so I have like five different ways to be in China so that’ll be good um I’m still in Tesla which is working I’m still in some meta I actually just sold my Nvidia I didn’t have a whole lot on it but I just sold it down 250 I’ll revisit it’s down three so maybe there’ll be a better spot I I did buy some some 145 calls uh into the into the move lower on Friday but again can’t can’t be everything that’s working but I’m you know we’re in ccj we’re in some Dash some of the little ones you know so trying to manage everything tryina ripping that’s cool yes it is anyway um I think a lot of people are close at the highs of the year on on Friday you know and above their High Watermark I know I did it’s been one of those years where it feels like we should all be making so much more money but there were some predatory times that weren’t easy you know um but anyway so have some gratitude for being back where you are and if you’re not then figure out how you can get there um spies right now uh not down much at all but again you got to be a little careful because we are extended whenever you’re this extended from the eth day you know that we we could be a little vulnerable so um don’t have like a false sense of security especially when some things are getting a little you know little little whippy uh Bitcoins getting a little whippy uh China’s getting not China um Nvidia um some people like red dogu and rum rum Rumble get had a really nice candle um we’ve been playing it here and there if you remember I came out I was there was a huge call sweeper in Rumble and we started buying options in it and it’s had a nice move I still think that if you go to the weekly chart and Rumble you know it can get to nine and I think at some point within the next uh you know maybe through January I don’t see why this thing can’t be 11 and change looks looks really good on the weekly um somebody asked me about Dash I still think Dash looks awesome you know Dash we’ve been in in dash for a while um it’s been trending really well this is the the week I would think 188 or more at some point next year I do think we’re going to be back at 250 on dash so um you know play it the way you want to on the on the daily chart you can see it a little you know it’s holding here some people like Red Dog Dash is getting faulty I’m like it’s not really getting faulty it’s just you know it’s got can make a new high every week so um maybe this week gets above 181 you know it’s still hovering around the 8 day so Dash looks pretty good it’s been above the 20 one day literally since we’ve been playing it and right here since September it hasn’t given you a gut check so don’t get a little uh you know don’t get a little spoiled we all get spoiled in life don’t we we all sometimes you know don’t appreciate things until they’re taken away in one of my videos this morning they said uh you know do you appreciate your fingers and toes well you know not until you lose a finger you know do you really love the other nine right um but uh yeah so um it’s uh December 9th you we see what goes on this week there’s still a lot of nice rotation out there and we’ll see where the money flows and we’ll see what happens here with these semis today um I know amd’s been you know there hasn’t been any good semis besides Nvidia and even if you look at Nvidia you know Nvidia has been lagging you know we just made a new high in the market um last week and basically this was your high post earnings yeah I remember we had a decent trade in here um but it hasn’t been the place to be that hasn’t been where the action is it’s been pretty lethargic it’s been a great place to be for years but really last year last week was it was Amazon it was meta it was Tesla it was all the mag seven names while semis have been kind of on the side so again we’ll see two things so let’s go back to um Nvidia Nvidia is down 330 so let’s put this up here um this low is what this is U 140 it’s below that um here’s your 50-day but where’s the 50 days is right here so the 50 days is like 137 is so you know we’ll see if that holds doesn’t hold all right then we’ll see if if the if Nvidia becomes a headwind when it’s not a headwind like it wasn’t a headwind last week the other things were able to Rally but if it when Nvidia or some key stock start to turn into a headwind then I feel like other people like okay let me take a little risk down elsewhere just in case you know so again Nvidia and ibit are the ones are going starting Under Pressure here um you know ibit is down 339 so uh again um this is a pretty important spot does it hold 5570 sometimes it’ll break below it that’s what crypto likes to do it likes to stop people out steal their stock and then come back above so see if that’s the case but if it were to get below this and stay below it you know then it could really do a lot of things so don’t be too big and don’t have a full sense of security there um China regular opening is up and all right I think I I don’t think it’s you know new news but anyway um what’s the fxi doing let’s see fxi is up a $190 what’s tiger doing I thought it was above seven before hey it’s not so bad this will be good for the options and uh it’s really it guys uh you know my uh you know my D you know my my spirit’s a little damaged but I’ll be good you know thank you for all of you who supported uh you know who know you know the importance of cadence to our family and yeah I’ll see you guys later