Morning Call Express: Pre-election Oversold Bounce?
In today’s Morning Call Express, Scott Redler talks about what has happen overseas and how that impacts the U.S. Markets. He also discusses the Facebook (FB) earnings and how it is acting pre-market. Scott also looks at other high beta tech name along with GLD.
Continue Reading -->Morning Call Express: Connecting The Election Correction Technically
In today’s Morning Call Express, Scott Redler discusses the Fed day today and the likelihood that it is a non-event as the U.S. Presidential Election has taken center stage. He reviews the action in the SPX given the sell-off yesterday and updates the new levels of support and resistance. Scott also looks at the bounce that […]
Continue Reading -->Morning Call Express: Ranges and Noise
In today’s Morning Call Express, Scott Redler puts all this sideways action into perspective by looking at the longer term SPX chart. He then takes a look into the recent daily action, which has been choppy, to say the least. Scott notes that it is likely to stay this way until after the election. He […]
Continue Reading -->Morning Call Express: The Infamous Three Peaks and Dome Top Pattern
In today’s Morning Call Express, Jeff Cooper talks about the pattern that has been playing out in the SPY going back to last year. He also analyzes the dome top that has been forming and the action that has we have seen within it. Jeff also references the internals and what they are implying as […]
Continue Reading -->Morning Call Express: Pressure Mix
In today’s Morning Call Express, Scott Redler talks about the headwinds that the market is facing this morning. Specifically AAPL, now with earnings behind it and the levels that is has trading pre-market. He also talks about the levels he will be watching to trade around. Scott also reviews other high beta tech names as […]
Continue Reading -->The More Things Change The More They Stay The Same
The Naz Composite first cleared its March 2000 top in June 2015. It finally closed above the March 2000 peak a year later in July 2016. A monthly NAZ shows 3 drives attacking the March 2000 top. Long time readers know I often say markets play out in threes. Sometimes there is a 4th ‘campaign’. […]
Continue Reading -->Morning Call Express: Markets May Find Traction
In today’s Morning Call Express, Scott Redler talks about some of the constructive action we have seen recently. He also looks as the wedge formation that continues to build on the SPX. He also talks about the QQQ flirting with all-time highs. Scott also discusses several names including NFLX, MSFT, GOOGL, FB, AAPL (ahead of […]
Continue Reading -->Morning Call Express: Merger Monday
In today’s Morning Call Express, Scott Redler talks about all the mergers happening to kick off the week as well as some other factors leading to the bullishness this morning. He reviews the chart of the SPX and the key levels he will be watching as well as how he is playing this gap up. […]
Continue Reading -->GLD Golden Cross
GLD may be about to do something it hasn’t done for years. It’s 50 week moving average may be set to cross over its 200 week moving average. This would leave a so-called bullish Golden Cross on the weeklies. Notably, GLD left a weekly Bear Cross in the fall of 2013 when the 50 week […]
Continue Reading -->Morning Call Express: GLD is about to do something it hasn’t done in years
In today’s Morning Call Express, Jeff Cooper focuses on Gold (GLD) and highlights something that may happen which has not been seen for years. A golden cross and what that may mean for GLD going forward.
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