All posts by Scott Redler
5 Big Earnings Reports You need to Watch
SPX futures are +20 because there’s some optimism around China’s launch of a $44B real estate fund to help work through the Debt crunch. In Europe, the resumption of the Nord Stream gas flows is a small positive. After a 10%ish move off the lows, some are asking if SPX 4000 was the high of this […]
Continue Reading -->Elon Musk Dumped Twitter. Should You Buy?
We have mostly red arrows to start the week on negative pandemic news out of China. Macau is shutting down many businesses including casinos. The Shanghai is -1.2% with the Hang Seng -2.7%. SPX futures are -24 and we’ll see if there’s any commitment to last week’s rally as we wait for Wednesday’s CPI and then bank earnings at […]
Continue Reading -->5 Big Tech Names I’m Watching
We’ll see if we retest or break the SPX 3619 low. And if it breaks, what’s the next level below? Those are questions I’m asking. We will go day by day, week by week, and month by month to find opportunities on all time frames. The euro is making new 20-year lows vs. the US dollar, which […]
Continue Reading -->4 ETF’s I’m Watching Right Now
We have mostly green arrows around the world to extend last week’s gains. There’s not much out of the G7. China declared victory on the pandemic as the region keeps outperforming. There could be a ceasefire in Ukraine as Russia takes more territory. SPX futures are +16 giving upside follow-through to last week’s strength. The […]
Continue Reading -->Watch the 2022 Lows – They Are Everything
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 […]
Continue Reading -->Scott Redler’s Dog Bytes: FAANG Friday
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 […]
Continue Reading -->Scott Redler’s Dog Bytes: Top Gun Trading
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 […]
Continue Reading -->Scott Redler’s Dog Bytes: Tech Sector Lows
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 […]
Continue Reading -->Scott Redler’s Dog Bytes: RDR in FAANG
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. […]
Continue Reading -->Scott Redler’s Dog Bytes: Why I Bet Against Apple and Microsoft
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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