Category Archives for Scott Redler
Where AMZN and AAPL Need to Hold Now
On Friday, Amazon (AMZN) gapped up and couldn’t hold the $1858-$1863 momentum level. It sold down. Now it’s up a bit this morning. This name is important to watch moving forward. Does it hold the $1805 area? Or will there be follow-up selling to hurt high-beta tech psychology?Apple (AAPL) tried to have a pre-earnings run but […]
Continue Reading -->Netflix in Pain: Why I Don’t Take Stock Into Earnings
SPX futures are -4 as we see many F.A.N.G.-type names and other tech stocks getting hit on NFLX’ revenue and subscriber miss. The analysts had it right last week when they started talking down the sub estimates. Super high P/E stocks can’t go up 100%+ and then miss earnings. This situation is exactly why I don’t take […]
Continue Reading -->Scott Redler: What If the Analysts Are Wrong About Netflix?
Last week, I got stopped out in NFLX when it lost upper momentum at the $411 area. The stock is up 100% this year, and a few analysts are worried about European sub numbers causing a miss. I’m approaching this one cautiously. Today, let’s see how it handles the $395 pivot. Today, let’s see how it handles the […]
Continue Reading -->Scott Redler: Is SPX 2800 on Tap? Tech May Hold the Answer
Can the SPX hit the 2800 mark again? Tech may hold the clues. The QQQ still acts well. $175.80 is our new pivot support to watch. A strong move and close over $178 could mean a charge to SPX 2800.Now let’s take another look at a IQ, a name we’ve focused on in the past few months. […]
Continue Reading -->Scott Redler: Can Netflix Stay Super Special?
Netflix (NFLX) still has best in breed status, but today we’ll really see if it can stay super special. To stay that way, it has to hold the $411 area. If not, it can hit $408 to fill the gap. I’ll be watching it closely on the open to see if it’s buyable.We’ll see if tech can […]
Continue Reading -->Scott Redler: Why I’m Not Crazy About This Open
On Friday, Apple (AAPL) reclaimed all moving averages on Friday as it cleared the $188 area. Yesterday, it hit a high of $190.68. See if it holds the gap pivot of $189.30 to keep some active upper commitment.As I said, on Thursday, tech gave clues that markets could be bought. QQQ’s cleared the lower-level pivot and […]
Continue Reading -->Scott Redler: The Power of a Blown Right Shoulder
Last Thursday, tech and small caps gave clues that it was maybe time to “cheat long” heading into Friday’s jobs number and the institution of tariffs. Turns out traders sold the rumors and bought the actual news Friday. The right shoulder of what could have been a H&S pattern blew out to help ignite the upside. The […]
Continue Reading -->Scott Redler: Netflix Puts on a Great Show, Let’s Keep Watching
On Monday, I said Netflix (NFLX) is one to watch now, and that “To keep its ‘go to’ status, it has to reclaim $390.55 in a sea of red.” It’s been choppy lately, but reclaimed that level and stairstepped with higher lows each day this week:It was on the stronger side this morning and is very […]
Continue Reading -->Scott Redler: Netflix Is One to Watch Now
Netflix (NFLX) is a key name to watch now. It put in an island top with a few lower highs, which has us feeling more cautious. To keep its ‘go to’ status, it has to reclaim $390.55 in a sea of red. If not, I’d be careful because we have the 21 day at $382 below. If […]
Continue Reading -->Scott Redler: When Signs of Trouble Add Up
I came in leaning short today for the first time in quite while. The bearish signals really started adding up last week. Last Thursday, I told Redler-All Access readers: We’ve had great action in tech, F.A.N.G. names, small caps and bios.But banks, other sectors, and overseas markets are a bit of a drag. It makes me wonder […]
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