Need Help?  

1-888-998-3548 or 646-214-7240

Market Looks to Build on Early 2013 Strength

Scott Redler and Pete Renzulli
Jan 11, 2013, 10:38 AM

Pete Renzulli, Mentor in the T3 Live Active Trader Room, sees how the market is doing, and takes an in-depth look at the financial and tech sectors and walks through the charts of several stocks on his must-watch list, including Visa (NYSE:V), General Motors (NYSE:GM) and Goldcorp (NYSE:GG).



Futures are basically flat after two nice days of gains. Technically you couldn’t have asked for a better start to the year.  We started with two strong days, then got give days of consolidation, giving some traders/investors time to get in and then further upside.


Markets closed strong and are a stone's throw away from the September highs. How we deal with that area will be interesting. Do we stall at 1474? Do we push through and ignite another short squeeze? And then how do we close if that occurs? Anything can happen, so prepare if/then scenarios for each.



Wells Fargo (NYSE:WFC) beat EPS estimates by two cents, but the stock is opening lower. Keep that in mind as we face bank earnings early next week. After big rallies in recent months, the banks could need stellar reports to trigger more upside. Remember the Financials ETF (NYSE:XLF) is up 4.5% this year already, on top of a move that started from this Summer. Remember the first strategy was when Bank of America (NYSE:BAC) was $8 bucks, so don't get greedy here.



Last night was a busy media night as I hosted CNBC Asia. Take a look at some of the videos below.


US Equities Aren't Dead: Pro Description:
Thursday, 10 January 2013 5:10 PM ET
Scott Redler, Chief Strategic Officer, says U.S. equity markets have started 2013 on the right note. He adds that the S&P 500 could reach 1,500 pretty quickly if it manages to close above 1,474


Adopt a 'Portfolio Approach' to Investing Description:
Thursday, 10 January 2013 5:20 PM ET
Scott Redler, Chief Strategic Officer, advises investors to take 5-7 stocks that they know very well and manage them until market conditions changes


Riding Boldly Into Earnings Season - but Watch Out
Thursday, 10 January 2013 6:32 PM ET
"I think it's going to be really tough to get through this earnings season without fits or starts. There's so much riding on this earnings season because of expectations for growth going into 2013. I think it could be pretty dicey," said one analyst.
Source: | By: Patti Domm


We are hosting a 5-day Trading Lab on our lower Manhattan trading floor during the week of January 21st. The Lab is an intensive trading education boot camp, and in addition you get exposed to a dynamic, live trading environment. In my opinion, this is one of the most valuable trading education experiences we offer. There are still a few spots left for qualified individuals, so if you are interested fill out an application.

As a New Year's special we are also offering a $500 credit towards any one of our T3Live Online Courses.





*DISCLOSURES: Scott Redler is long GE, DECK, LNKD, BAC, INTC, F, TBT, FB. Short SPY.

Last Updated ( Friday, 11 January 2013 11:40 )
© 2012 T3 Live, LLC
  1. T3 LIVE, LLC is NOT a Broker Dealer. T3 LIVE, LLC engages in trader education and training. T3 LIVE, LLC offers a number of products and services, both electronically (over the internet through and in person. Through T3 TV, an online video network that is available through, T3 LIVE, LLC provides LIVE pre/post market and stock analysis. Through, T3 LIVE, LLC offers the "Virtual Trading Floor", a community through which independent traders (subscribers), as well as select T3 Trading Group, LLC Traders, observe a virtual trading floor environment (as described below) for educational purposes. T3 LIVE, LLC also offers web-based, interactive training courses on demand.
  2. Subscribers are able to see if traders are long or short and what symbols as part of best practices in regards to disclosure. Subscribers do not see trader' screens, trades or size of positions. T3 requires traders to disclose whether they are long or short and which stocks they are trading to ensure that the community is fully informed and that traders substantiate their opinions. This approach is modeled after the analyst disclosures that accompany commentary on particular stocks on CNBC or other financial news media (as per FINRA Rules 2210 and 2711).
  3. The seminars given by T3 LIVE, LLC are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
  4. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE, LLC or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
  5. The videos and blogs shown on T3 LIVE, LLC are for informational purposes only. The investment ideas and expressions of opinion may contain forward looking statements and should not be viewed as recommendations, personal investment advice or considered an offer to buy or sell securities. T3 LIVE, LLC statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio.
  6. T3 LIVE, LLC and T3 Trading Group, LLC are separate, but affiliated companies.
  7. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange (CBSX All trading conducted by contributors on Virtual Trading Floor is done through T3 Trading Group, LLC. For more information on T3 Trading Group, LLC please visit
  8. Global Trading Plus, LP (“GTP”) is the exclusive provider of T3 LIVE, LLC products in Europe, all the former Soviet Republics (dating back to 1991), and Israel. GTP is a separate company and has no common ownership with T3 LIVE, LLC, T3 Trading Group, LLC.