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All posts by Scott Redler

Micron Banned in China – So I’m Watching These Levels

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SPY cleared $412.87 to see $420.72 Friday. We did well trading for that. Now we’ll see how it tries to digest above $417.35 or if it hits $415 which must hold. QQQ: tech will get tested today after China banned MU memory chips. See how this affects other semi names like AMD and NVDA. See how AAPL handles the early morning weakness. $335.43 […]

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7 Tech Names to Watch This Week

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SPY keeps playing with levels. Last week it couldn’t build on strength and sellers couldn’t keep it below levels. We’ll see how this week starts. $413.64 is Friday’s high. See if it gets and stays above. $414.54 is above. The bears can’t growl so loud this week unless we get a hard close below $408.64. QQQ’s hit […]

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Key ETF Levels This Week

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We have mixed markets around the world with a slight positive feel. Friday’s solid jobs report quieted the recession debate. AAPL’s solid report with the tech action also helped the indices reclaim the 8/21 day moving averages again. We have the CPI and PPI this week. There’s some concern that they will stay elevated but that […]

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It’s a Big Week

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Most regions around the world are closed for May Day. FRC shareholders are getting wiped out as JPM and the FDIC pick up the pieces. The FOMC is this Wednesday. Last week, the bears broke the SPX below 4089 but could only keep it below for a day. On Friday, it cleared 4138 to see 4170. Big moves […]

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Tech Earnings Time

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We have small red arrows around the world as we head into the busiest week of earnings. The SPX was in the same spot 2 years ago and at the start of 2023. The year of the range that is squeezing out the excess of 2020. The Recession that’s been predicted for 9 months still […]

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A Big Earnings Week

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We have mostly green arrows around the world as we get ready for earnings season to continue. JPM kicked it off with a strong move Friday. SPX is above the 8 day and as long as it holds the 4102 area, it’s hard to get too bearish. 4163 is the recent high. 4195 is the February high. Know […]

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5 Tech Names to Watch

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SPX futures are -14ish as we see if Friday’s lows hold. Bank earnings are on Friday. Tech has been the place to be and we’ll see if that continues. On Friday, the index held the 8 day, giving us 4069 to be long against. We can’t get too bearish if that holds. 4133 is pivot resistance. […]

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7 Tech Names to Watch

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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 […]

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5 Financials to Watch on the Credit Suisse Mess

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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 […]

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How Charts Can Help You Avoid Disasters Like SIVB & SBNY

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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 […]

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