Traders Love Gold
The big takeaway in this week’s sentiment survey? Traders love gold! SPX Bullishness Falls Given the emergence of the Omicron variant, it’s no surprise that SPX sentiment fell this week. 58% of traders believe the SPX will rise over the next 30 days, down from 67% last week. Bitcoin Sentiment Remarkably Steady This is the most unusual […]
Continue Reading -->Scott Redler’s Dog Bytes: How I’m Trading Crypto
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 […]
Continue Reading -->FOMC CHA CHA Breakout
“The Fed’s job is to take away the punch bowl as the party gets going.” – William McChesney Martin Wednesday was a textbook buy the rumor (accelerated Taper and series of rate cuts in 2022) and buy the news. But the real question is whether Wednesday’s 101 point swing is the beginning of a meltup […]
Continue Reading -->Is the Market Bullish Now?
The market had a major reversal last week, and the SPY is now bullish (QQQ is close, but needs to break out more). Which indices should you be watching to determine market movement this week? In this video, Sami explains: – Why FLR is still a long swing idea for this week – What looks […]
Continue Reading -->Apple Bears Were Wrong
Traders came in slightly cautious last week… and it turns out they were wrong. Because the broader markets, led by Apple (AAPL), hit a string of record highs. SPX Bullishness Bounces Back Last week, just 56% of traders were bullish – the lowest reading we’ve had since launching the survey in October. With the market rebounding, […]
Continue Reading -->Scott Redler’s Dog Bytes: 6 Big Tech Names I’m Watching
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 […]
Continue Reading -->A Time/Price Square-Out For the Ages
“Old men in business, after a prolonged period of prosperity, become too hopeful and get over-extended. It is easy to borrow money after a long period of business prosperity. People who borrow money on hope have to LIQUIDATE when FEAR overtakes them and conditions are at the worst. That is why CYCLES in business and […]
Continue Reading -->When to Exit a Winner
When your trade is going well, when do you get out? How do you know it’s time to book that profit? The answer depends upon the type of trade that you’re involved in. I categorize trades into two groups: with the trend or against it. Watch the video or read on below. What is a […]
Continue Reading -->How to Think About Moving Averages
Moving Averages are NOT Support or Resistance One of the most common mistakes I see from people who are getting involved in trading is they think moving averages are support or resistance. This is not true. Moving averages are just averages. They’re little squiggly lines in your chart that are composed of the average of […]
Continue Reading -->What is a Short Squeeze?
A short squeeze is forced buying from short sellers who are already in the marketplace. A short seller is someone who is trying to profit from a stock going down. When buying a stock, the worst thing that can ever happen is that you lose 100%… but in short selling, you have unlimited risk. Stock […]
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