All posts by Scott Redler
7 Tech Names to Watch
We have mixed-to-mostly green markets to start the week. News that SVB assets are being bought is lifting regional banks and some majors. In Europe, the DAX is +1.3% with the CAC +1.2% and FTSE +0.9%. Asia is mixed. On Friday, the SPX reclaimed 3909 to close well to get some to cover shorts and balance things out with a few longs. There’s […]
Continue Reading -->5 Financials to Watch on the Credit Suisse Mess
We have mostly red arrows around the world to start the week as we absorb news of CS being taken under at 77 cents. FRC is down 20% as the powers that be try to figure it out. Banks closed near last week’s lows while money hid in megacap tech. We have Powell Wednesday and Xi […]
Continue Reading -->How Charts Can Help You Avoid Disasters Like SIVB & SBNY
The regional bank crisis is one of the biggest stories of 2023. Investors in stocks like SVB Financial (SIVB), Signature Bank (SBNY) and others are staring at billions of dollars in losses. But, you could have avoided the trouble if you understand some simple trend analysis rules Let’s start with SIVB since they were the […]
Continue Reading -->5 Banks to Watch Right Now
There are many moving pieces this morning. The Fed, Treasury, and FDIC came out to breed some confidence by backing bank deposits. Three banks failed in the past week. Everyone is trying to compare this to Bear, Lehman, MF Global, Worldcom, Enron etc, but it’s too early to tell. Some are saying the Fed will […]
Continue Reading -->Why SPY $398 Matters Now
SPX futures are flattish after a big two-day move. The index did a Red Dog Reversal buy when it reclaimed 3939 and had power Friday to see 4048. I’d think we have a bit of digestion into Powell Tuesday, JOLTs numbers on Wednesday, and NFP Friday. Holding 3990-4010ish shows some commitment. SPY reclaimed $393.38 Thursday and had […]
Continue Reading -->Why SPX 3995 Matters Now
SPX futures are up 18 after hitting a low of 3943 Friday. The Oscillator hit -62. I’d think any bounce gets contained into the 4028-4047 area. If it gets rejected at the 3995 pivot, I’d think Friday’s low breaks sooner rather than later. I didn’t put the BOS account to work yet. We’ll see how […]
Continue Reading -->3 AI Stocks to Watch
We have mostly red arrows around the world as traders focus on inflation and geopolitical stresses. President Biden did a surprise visit to the Ukraine and Putin gave a delusional speech this morning. SPX futures are -32. Last week, the index broke the 4103 upper area to have us reduce risk. I bought SPY puts […]
Continue Reading -->3 New Names on the Radar
We have flattish markets around the world ahead of the CPI tomorrow. Markets are trying to get comfortable with Fed expectations of a ceiling at 5.19% and a year-end 4.9% target. So far it seems like the world is handling 5% rates okay. Most experts predicted a big recession by now. SPX pulled back 100 handles […]
Continue Reading -->META $197 Is the Level to Watch
SPX futures are -30 after hitting a high of 4195 last week. I sold the BOS account and reduced risk across all my trading accounts. Now we see what’s next. 4076-4094 is support zone number one (8 day support). The bigger area is 4015-4048. SPY gave nice opportunities long. It hit a high of $418.34 to […]
Continue Reading -->Lucid Doubled – Now I’m doing This
We have mostly red arrows around the world after a big start to 2023. Spain’s Hot CPI is putting some pressure on Europe, and most of China is lower after their holiday week. SPX futures are -36 after hitting a high of 4094 Friday. We’ll see if the 4039 area can hold this morning with 4015 […]
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