All posts by Scott Redler
4 Stocks I’m Eyeing This Week
We have mostly red arrows around the world after a big four-week rally. Asia still doesn’t act well after China’s NBS PMI’s fell short. Hong Kong’s Q3 GDP report was soft. Developments in Russia/Ukraine are also weighing as Moscow withdrew from the grain agreement. SPX futures are -24. We hit 3905 Friday. I’d think a […]
Continue Reading -->4 Tech Stocks on the Earnings Radar
We have mixed markets around the world to start the week. In Asia, the Hang Seng was down 6%ish after Xi secured his third term. In Europe, the former Chancellor Sunak is the favorite after Boris pulled out. SPX futures were above 3800 last night and below 3725 early this morning. They are now firmer. We’ll see if […]
Continue Reading -->The Power of Monthly Charts in Technical Analysis
In my technical analysis and moving averages lessons, I typically show daily charts. But sometimes it pays to pull back and look at longer time frames, like the monthly. This is especially true in a bear market, when daily charts can be full of noise without a clear trend. Let’s dissect the bust in Meta […]
Continue Reading -->Moving Averages for Stocks Explained: The Ultimate Guide to Trend Analysis for 2023
Moving averages are one of the most important technical analysis tools I use. They help me figure out:How aggressive I want to beMy mix of day and swing tradesWhich stocks and sectors I want to be long or shortJust how strong the current market trend isWhat news matters, and what doesn’tI rate moving averages above […]
Continue Reading -->Credit Suisse = New Lehman?
We have mixed markets around the world after an erratic SPX futures night. Europe is off the lows. The UK government reversed course and abandoned a plan to scrap the top 45% tax rate. Gilts aren’t moving much. Brent prices are up with OPC cuts, and Putin didn’t do anything crazy. Ukraine took back some […]
Continue Reading -->Are We Oversold Enough Now?
We have mixed markets around the world as Europe is flattish and Asia is broadly lower. Lots of currency moves are adding pressure to equities. The Fed funds ceiling forecast is now 4.75%, higher than the Dot Plot. Some think the BOE needs to do a pre-meeting hike to calm things down. SPX futures are […]
Continue Reading -->5 Tech Stocks on My Radar
We have mixed markets around the world as we see if regions can find footing after Friday’s post-NFP bearish reversal. Some are asking if we will test the June low in the next 4-6 weeks? Can we break those lows? Or was last Thursday the low? These are all valid questions but we have to […]
Continue Reading -->6 Tech Names You Should Watch Today
We have mostly red arrows around the world as central banks remain hawkish in a tough fight against inflation. Powell’s remarks at Jackson hole saying it will take some pain and sacrifice brought out sellers. The SPX sliced below 4144 and 4120 to make a low of 4056. This morning it’s getting some downside follow-through. I’d think […]
Continue Reading -->5 Risky Names I’m Watching
SPX futures are -25 after hitting a high of 4280 Friday. This active sequence has paid traders to buy dips and rotate between sectors. There’s been a ton of participation. SPX took back over half of the corrective phase which was impressive. Today, we’ll see how we digest. The Oscillator hit +59 (overbought is +40). I’d […]
Continue Reading -->5 Big Tech Names You Need to Watch
We have mixed markets around the world with an upbeat feel. Europe has green arrows and Asia is a bit muted. Last Friday, the markets took the hot jobs report in stride as SPX held 4107. Lots of sectors acted well to extend the active sequence intact from the June lows. We have the CPI on Wednesday. […]
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