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T3’s Take 3: The Bears Are Back in Town

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1) The Bear Bites Back! After months of swinging and missing, the bears stepped up big time today. The S&P 500 had its first 1% down day in 110 trading days with a 1.2% decline to 2344.02. But more importantly, the action below the surface indicated real deterioration. The Russell 2000 dropped 2.7% to 1346.55 as downside […]

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Why SPX 2353 Is the Line in the Sand

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Yesterday we got a 2nd close on the SPX at its Holy Grail Line…the 20 day. The first was 3/14 which follows a test and tail at the 20 day on 3/9. Today the index has already traced out an outside down day and is well below its 20 day. It is offsetting the 3/15 Fed Day […]

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Chart Attack: SPX and AMZN

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The SPX held where it had to yesterday giving us a new pivot support for the week at 2369. Not sure if ‘power’ can come back until we get more color on Healthcare and Taxes so we will monitor this range until then. Look for stock set ups as the divergences among sectors has not […]

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T3’s Take 3: Mr. Market Is Still Telling the Most Boring Story on Earth

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1) What a Boring Market Stocks are still in sleep mode, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite showing next-to-none movement. The Russell 2000 fell -0.5% to 1384.09, and in today’s low volatility environment, that actually counts as major movement. Traders are still debating just how hawkish the Fed is following […]

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Snap’s Earnings Date Is an Awfully Valuable Piece of Insider Info…

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Snap Inc. (SNAP) a.k.a. Snapchat options have been trading for about a week, so let’s take a deep dive to see what the story is. First things first: Snap options are fairly liquid. The spreads on most contracts are pretty reasonable. As with all new issues (especially volatile high-beta tech names), the options are expensive, with […]

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T3’s Trades of the Week: Jeff Cooper on USD, the Red Dog on Biotech

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Welcome to the latest edition of T3’s Trades of the Week newsletter! Let’s jump right in with this week’s trades and analysis: 1) Jeff Cooper on the US Dollar and Gold Unless the dollar can recapture its 50 day in short order, it is vulnerable to a break to 98 and an Eiffel Tower move […]

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FREE Preview: Redler All-Access

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Welcome to your FREE preview of T3 Live’s Redler All-Access newsletter. Redler All-Access gives you a complete trading plan from T3 Live Chief Strategic Officer Scott Redler, whose technical analysis expertise is frequently sought by CNBC, Fox Business, Bloomberg and more. Below, you’ll read a complete edition of the Redler All-Access Morning Note, which gives thousands […]

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Why the US Dollar Is Vulnerable, and What It Means for Gold

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The ‘Dutch Trump’ populist lost his bid to become Prime Minister last week. This may have elicited strength in the euro and selling in the dolloar. A daily dollar shows it broke its 50 day line with authority triggering my Expansion pivot sell signal in the process. In so doing the dollar also triggered a […]

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T3’s Take 3: The Go-Nowhere Market Is Still Going Nowhere

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1) Another Day, Another Yawn I was really hoping that the Fed rate announcement and Dutch elections this week would spur some actual, real-life, lasting volatility. But following Wednesday’s post-Fed power rally, the market went right back into snooze mode. The S&P 500 fell -0.1% to 2378.25, with the Nasdaq flat. The Russell 2000 showed a […]

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How Long Will It Take to Actually Get Good At Trading?

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“How long will it take for me to become a profitable trader?” Boy, if I had a dime for each time I was asked this question, I would have one large collection of dimes. But I think I’ve done my work well. The majority of people who have sat in on my workshops and listened […]

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