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All posts by Scott Redler

Watch the 2022 Lows – They Are Everything

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SPX futures are -90 handles. On Thursday, the index broke 4073 which meant risk-off and time to get short. Friday gave downside follow-through with a low of 3900. We’ll see if the 2022 low of 3810 tries to hold at first kiss into the Fed Wednesday. This is Day #3 down and the oscillator will […]

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Scott Redler’s Dog Bytes: FAANG Friday

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SPX futures are +45. Elon Musk walked back his statements from Friday, and Lloyd Blankfein said to not be too pessimistic. Even with a lot of complicated news, the SPX digested pretty well above the 8/21 day to stay committed to this bear market rally. Now we’ll see if it builds and gives another move […]

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Scott Redler’s Dog Bytes: Top Gun Trading

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SPX futures -20 and I think a little digestion would be constructive. If this market is any good, it will stay above 4030. To keep momentum, it has to hold 4075-4090 in the next few days. I participated long here as SPY reclaimed $390 and cleared $395 last week. I put on a hedge on Friday that […]

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Scott Redler’s Dog Bytes: Tech Sector Lows

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SPX futures are +33, giving some upside follow-through to Friday’s reversal. We’ll see if it holds or fades. 3945-3970 is some resistance. See if tech holds or fades after many leaders broke hard last week.TSLA changed character on April 21 after earnings. The strong report got sold. Then the $973 break confirmed the new active bearish […]

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Scott Redler’s Dog Bytes: RDR in FAANG

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SPX made a low of 3858 Thursday. To see 4120-4157, it needs to prove it can hold 3963 for a session or so. SPX futures are down 15 but well off the overnight lows. We had chances to switch gears Thursday when my 3850 target was reached. The Oscillator was -75 and it’s now -20. […]

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Scott Redler’s Dog Bytes: Why I Bet Against Apple and Microsoft

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SPX futures are -65, giving big downside follow-through to the recent technical damage. We’ll see if SPX stay belows the 4060ish area, or if it gets reclaimed. I positioned for a down open with SPY, MSFT, and AAPL puts since I’ve been concerned about a capitulation move towards 3850.Tech has led us lower for most of 2022. […]

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Scott Redler’s Dog Bytes: ETF Action

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SPX futures are flattish but off the highs after the worst April since 2008. Some sectors made new 2022 lows and a few key names are at multi-year lows. We’ve been Tactical since April 5. This open isn’t very interesting with the Oscillator at -42. We’ll see if there’s a real bounce ahead of the […]

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Scott Redler’s Dog Bytes: Bearish Semis and Crypto

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SPX broke 4370 Friday and closed on the lows. We’ll see if we test the March lows this week. The SPX is getting downside follow-through with futures down 40 handles. Can it hold the bottom of the range that starts around 4160? That’s the question. The low of the year is 4111.NVDA’s sell signals preceded major […]

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Scott Redler’s Dog Bytes: FAANG Under Pressure

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SPX futures are -15 but off the overnight lows. See if it reclaims 4381 to relieve pressure or if sellers push down towards the 4335 area. Strength has been sold since the Red Dog Reversal at 4593 on April 5.TSLA lost super special status on the Red Dog Reversal at $1150. Then it failed to hold […]

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Scott Redler’s Dog Bytes: Losing Special Status

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SPX futures are -20 to kick off the week. Last Tuesday, the market shifted again and I took risk down. We had a bearish engulfing candle around the SPX 4583 pivot with tech leading the downside. Now we’ll see if the 4450 area holds, or if there is more weakness. Banks earnings start with JPM on Wednesday. […]

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