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All posts by Scott Redler

5 Banks to Watch Right Now

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There are many moving pieces this morning. The Fed, Treasury, and FDIC came out to breed some confidence by backing bank deposits. Three banks failed in the past week. Everyone is trying to compare this to Bear, Lehman, MF Global, Worldcom, Enron etc, but it’s too early to tell. Some are saying the Fed will […]

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Why SPY $398 Matters Now

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SPX futures are flattish after a big two-day move. The index did a Red Dog Reversal buy when it reclaimed 3939 and had power Friday to see 4048. I’d think we have a bit of digestion into Powell Tuesday, JOLTs numbers on Wednesday, and NFP Friday. Holding 3990-4010ish shows some commitment. SPY reclaimed $393.38 Thursday and had […]

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Why SPX 3995 Matters Now

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SPX futures are up 18 after hitting a low of 3943 Friday. The Oscillator hit -62. I’d think any bounce gets contained into the 4028-4047 area. If it gets rejected at the 3995 pivot, I’d think Friday’s low breaks sooner rather than later. I didn’t put the BOS account to work yet. We’ll see how […]

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3 AI Stocks to Watch

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We have mostly red arrows around the world as traders focus on inflation and geopolitical stresses. President Biden did a surprise visit to the Ukraine and Putin gave a delusional speech this morning. SPX futures are -32. Last week, the index broke the 4103 upper area to have us reduce risk. I bought SPY puts […]

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3 New Names on the Radar

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We have flattish markets around the world ahead of the CPI tomorrow. Markets are trying to get comfortable with Fed expectations of a ceiling at 5.19% and a year-end 4.9% target. So far it seems like the world is handling 5% rates okay. Most experts predicted a big recession by now. SPX pulled back 100 handles […]

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META $197 Is the Level to Watch

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SPX futures are -30 after hitting a high of 4195 last week. I sold the BOS account and reduced risk across all my trading accounts. Now we see what’s next. 4076-4094 is support zone number one (8 day support). The bigger area is 4015-4048. SPY gave nice opportunities long. It hit a high of $418.34 to […]

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Lucid Doubled – Now I’m doing This

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We have mostly red arrows around the world after a big start to 2023. Spain’s Hot CPI is putting some pressure on Europe, and most of China is lower after their holiday week. SPX futures are -36 after hitting a high of 4094 Friday. We’ll see if the 4039 area can hold this morning with 4015 […]

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Why Tesla $136.68 Is Critical Into Earnings

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We have mixed markets to start the week. We will get a ton of earnings the next two weeks. Europe is up small and most of Asia is closed for the holiday. The debate now revolves around whether we will have a hard or soft landing. And where will interest rates be at the end […]

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My Tesla Strategy This Morning

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SPY had a nice active sequence as it cleared $382 & $386 to ignite a move to a high of $399.10 Friday. We’ll see if it can digest above $392.50 after Friday’s resilience. I sold SPY calls higher late last week to use as hedge, and I’ll continue to do that into strength. QQQ played some catch-up as it […]

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How I’m Trading Tesla Here and Now

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We have mostly green arrows around the world as January tries to be a better month for equities. Friday’s Jobs Report created a lot of talk about a soft landing. But it’s too early to tell. The bears got pushed back when SPX cleared 3839 Friday. It was also able to pass 3878 to show […]

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