{"id":30700,"date":"2018-06-28T08:33:02","date_gmt":"2018-06-28T13:33:02","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=30700"},"modified":"2018-07-09T12:28:59","modified_gmt":"2018-07-09T17:28:59","slug":"scott-redler-signs-trouble","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/06\/28\/scott-redler-signs-trouble\/","title":{"rendered":"Scott Redler: When Signs of Trouble Add Up"},"content":{"rendered":"

I came in leaning short today for the first time in quite while.<\/p>\n

The bearish signals really started adding up last week. Last Thursday, I told Redler-All Access<\/u><\/strong><\/a> readers:<\/p>\n

We\u2019ve 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 how long things can last. So I\u2019ve cut my long exposure and I\u2019m trying to be a bit more selective after a great move from the May 3-4 Red Dog Reversal low and igniting bar. It\u2019s harder to find tight setups. I\u2019m not saying we will crash but I\u2019m tapping the brakes.<\/em><\/p>\n

I followed up this past Monday:<\/p>\n

Last Monday, I came in with 15-20 swing longs and options positions. Last week, I saw lots of signs to get flexible so I\u2019m coming in lighter today.<\/em><\/p>\n

Yesterday, I told CNBC<\/u><\/strong><\/a> “the small caps for the first time in a while are weaker than other sectors. It's giving traders some signs to pare down risk.<\/p>\n

And today, I came in with 2 equity shorts (NVDA <\/strong>which I covered premarket, and FB<\/strong>)<\/p>\n

Here's how I'm viewing the action today. Today, I want to see how the market handles 2698. Do the sellers break that for an air pocket towards 2650? Or is there a Red Dog Reversal long opportunity?<\/p>\n

\"\"<\/span><\/p>\n

Tech became vulnerable last week with QQQ <\/strong>losing the 8\/21 day. Then it got rejected on the rally back.<\/p>\n

Now let's see how it handles the $169.61 pivot. $167 is bigger support below.<\/strong><\/p>\n

\"\"<\/span><\/p>\n

FB's lower high and Red Dog Reversal sell signal got me short yesterday.<\/p>\n

I want to see if it continues toward the 21 day. Yesterday's low is $195.80. It's below that premarket. Let's see if it stays below.<\/p>\n

\"\"<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019ve 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 how long things can last. So I\u2019ve cut my long exposure and I\u2019m trying to be a bit more selective after a great move from the May 3-4 Red Dog Reversal low and igniting bar. It\u2019s harder to find tight setups. I\u2019m not saying we will crash but I\u2019m tapping the brakes. I followed up this past Monday: Last Monday, I came in with 15-20 swing longs and options positions. Last week, I saw lots of signs to get flexible so I\u2019m coming in lighter today. Yesterday, I told CNBC “the small caps for the first time in a while are weaker than other sectors. It’s giving traders some signs to pare down risk. And today, I came in with 2 equity shorts (NVDA which I covered premarket, and FB) Here’s how I’m viewing the action today. Today, I want to see how the market handles 2698. Do the sellers break that for an air pocket towards 2650? Or is there a Red Dog Reversal long opportunity? Tech became vulnerable last week with QQQ losing the 8\/21 day. Then it got rejected on the rally back. Now let’s see how it handles the $169.61 pivot. $167 is bigger support below. FB’s lower high and Red Dog Reversal sell signal got me short yesterday. I want to see if it continues toward the 21 day. Yesterday’s low is $195.80. It’s below that premarket. Let’s see if it stays below.<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-30700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=30700"}],"version-history":[{"count":7,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30700\/revisions"}],"predecessor-version":[{"id":31152,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30700\/revisions\/31152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/21349"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=30700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=30700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=30700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}