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All posts by Scott Redler

Scott Redler’s Dog Bytes: Sloppy Action in Semis

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SPY has had four hard down days since breaking the accelerated trend around $460. That confirmed the Bearish tape after losing the 8/21 day up near $468. We’ll see if we can play some type of oversold bounce today. Let’s see if we reclaim Friday’s low of $437.95. Under there is a micro spot at […]

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Scott Redler’s Dog Bytes: Nowhere to Hide in Banks

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SPX futures are -50 and we’ll see if this ascending channel breaks. Does it stay below 4614 or reclaim it to relieve some pressure? 4582 is support below with major support at 4500. Tech is underperforming and JPM’s action proves you just can’t hide in value or banks.I got out of my banks last Wednesday […]

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Scott Redler’s Dog Bytes: Are F.A.A.N.G. Stocks Worth It?

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SPX did a false breakout around the 4730-4740 area and now it looks below 4660 with the futures -30. Powell gets confirmed Tuesday, CPI is Wednesday, and banks start reporting earnings on Friday. Most active traders are in a Tactical Approach because it’s hard to find special names to sit in as swing longs.F.A.N.G. stocks […]

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Scott Redler’s Dog Bytes: Trading F.A.A.N.G in 2022

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The first level to hold is SPX 4786 then we’ll see if there is strength to clear 4808. Be on alert because 2021 winners may get sold now that taxes are pushed off until 2023. And beaten down names can get a lift because tax loss selling is over. Support for the week is 4765ish. F.A.N.G. […]

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Scott Redler’s Dog Bytes: How I’m Trading Crypto

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SPX futures are -55 and we’ll see if the 4495-4513 area holds. Otherwise the 200 day can’t be ruled out in the sessions ahead. Look at tech for clues today and see if leaders can go green to mute the selling. Cooler heads usually prevail.I don’t think Bitcoin or Ethereum have bottomed. Bitcoin moves fast and also follows active sequences. On […]

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Scott Redler’s Dog Bytes: 6 Big Tech Names I’m Watching

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SPX futures are +15. Last week the index digested above the 8 day after reclaiming all the moving averages. We’ll see if it holds 4713 and builds or fades. It’s a tape of “haves and have nots” which has some traders frustrated because only a few names are driving the action. We’ll see if that […]

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Scott Redler’s Dog Bytes: What’s Next After the Storm?

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SPX futures are +10. The Oscillator is -75. Last Friday, the index held the 4500 area again. It’s not a great setup. We’ll see if the early strength holds or fades. The 50 day is 4570 with bigger resistance at 4610ish.Now let’s dig into some of the big ETF’s I’m watching: On Friday, SPY held the […]

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Scott Redler’s Dog Bytes: Watching the BIG ETFs

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SPX futures are +15, giving some upside-through to Friday when we cleared 4664. I want to trim into some strength so I can buy dips and keep managing the Portfolio Approach that has been great since 10/13.Now let’s dig into some of the big ETF’s I’m watching: QQQ woke up again Friday as it cleared the $392 […]

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Trading Tesla: 7 Lessons from an Epic Bear Smash

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Every once in a while, a stock comes along that defines the times. In 2019-2020, that stock was electric carmaker Tesla (TSLA). Tesla’s stock price went from under $40 to nearly $200 in 8 months, and dominated the news headlines along the way. Tesla was getting more attention than just any stock out there, aside from […]

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Scott Redler’s Dog Bytes: Did Cannabis Stocks Bottom?

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SPX hit a high of 4718 on Friday. It’s a bit extended and might need a few days to catch its breath. Listen up for whether Powell gets the nod because that can move the market a bit. I’d think the market would like Powell instead of Brainard. We’ll see if 4681 holds, or if they shake […]

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