All posts by T3 Trader
Morning Call Express: The Anatomy of a Turnaround Tuesday
In today’s Morning Call Express, Rob Smith looks back at what happen yesterday and how it has changed the charts. He also looks at various individual names and sectors to provide additional color into the selloff we saw on Tuesday.
Continue Reading -->Morning Call Express: Biggest Mover of the Week, Gold
In today’s Morning Call Express, Jeff Cooper talks about the big move in gold this week. He highlights some of the key levels that he is focused on based on Gann methodology and the sqaure of 9 wheel.
Continue Reading -->Morning Call Express: Jobs Report Ahead
In today’s Morning Call Express, Scott Redler reviews the action in the market ahead of the jobs report tomorrow. Scot talso looks at high beta tech names along with a couple sectors and one or two new issues.
Continue Reading -->Morning Call Express: Taper Talk
In today’s Morning Call Express, Scott Redler reviews the Gold Miners (GDX) as that is where the action was yesterday. He also takes a quick look at the SPX but not much has changed from day to day. Scott also looks at a couple individual names.
Continue Reading -->Morning Call Express: Taxing Times
In today’s Morning Call Express, Scott Redler talks about yesterday’s action and, once again, reviews the SPX and some of the scenarios that he is looking for as we start the final quarter of the year. He also talks about some of the action in individual names like TSLA, NFLX, AAPL, and some new issue names.
Continue Reading -->T3’s Take 3: Bad News Banks Beat Merger Mania!
Want to Learn to Trade With Our Experts? Check Out These 2 FREE Events: Start Prop Trading the Right Way How to Generate Big Income With Options 1) M&A Fever Today was a good day for Wall Street dealmakers as 2 sizeable deals were announced, with another Twitter (TWTR) takeover rumor serving as the icing on top. Privately-held outdoors retailer Bass Prop Shops is buying Cabela’s (CAB) for $5.5 billion. The combined company will have nearly 200 stores in the United States. Legendary bond investor Bill Gross also has a new employer, as his company Janus Capital (JNS) will be acquired by UK-based asset manager Henderson Group Plc. Meanwhile, Bloomberg reported that Google (GOOGL) may be kicking the tires on Twitter (TWTR) regarding a possible link-up. In recent weeks, Twitter shares have skyrocketed on reports that it could be acquired by companies including Salesforce.com (CRM), Microsoft (MSFT), and even Disney (DIS). Twitter shares rose 4.0% to $23.97 today. 2) US Stocks Pull Back The S&P 500 pulled back -0.3% as the banking industry came under fire again. European banks fell today after Deutsche Bank (DB) failed to announced a smaller settlement with the Department of Justice, which handed the bank a $14 billion tab over its mortgage backed securities practices. Well Fargo (WFC) continued its downtrend on a pile of negative news, including a loss of business with the state of Illinois. Democratic Presidential candidate Hillary Clinton also attacked the bank in a speech in Toledo, Ohio. Massachusetts Secretary of the Commonwealth William Galvin accused a Morgan Stanley (MS) unit of “dishonest and unethical conduct” in in state dealings. The S&P Financial ETF (XLF) fell -0.5% today. Gold miners, utilities, and real estate stocks all fell on stronger-than-expected US economic data, which pushed up the dollar and interest rates. The Nasdaq slightly outperformed today as select names like Netflix (NFLX) and Tesla (TSLA) staged strong rallies. 3) Rule of 4 Sell Signal? This afternoon, my good friend Jeff Cooper once again keyed on the widely-watched 2148 level in the SPX. Here’s what he had to say: The Daily Swing Chart has turned right back down as the SPX trades below Friday’s low this morning. There is a 3 point rising trend line on the hourlies that now ties to around the key 2148 level. So if this is breached, it will trigger an hourly Rule of 4 sell from September’s pennant to kick off October, a potentially poor harbinger for the what is often a wicked month. Tuesday’s Trading Calendar US Economics (Time Zone: EDT) 08:05 Fed’s Lacker Speaks at West Virginia Economic Outlook Meeting 09:45 ISM New York (Sep): prior 47.5 19:50 Fed’s Evans Speaks on Economy and Policy in Auckland, NZ Global Economics 03:00 EUR Spanish Unemployment Change 04:30 GBP Construction PMI 20:30 AUD Retail Sales m/m Earnings Before Open: Darden Restaurants Inc (DRI) After Close: None of significance
Continue Reading -->Scott Redler’s Morning Call Express: Fourth Quarter, Fresh Start
In today’s Morning Call Express, Scott Redler talks about the tightening range in the SPX and what levels to be watching as we head into a new month and fourth quarter. He also looks at the XLE in light of OPEC as well as individual names like AMZN, FB and some new issues.
Continue Reading -->Morning Call Express: A Closer Look, Dow Jones Industrial
In today’s Morning Call Express, Jeff Cooper talks about the potential head and shoulders top on the Dow Jones Industrial and the action seen yesterday. If support is broken, a test of the 200 day moving average is on the table. He also talks about the Gann connects which are in play.
Continue Reading -->Catch Scott Redler’s Interview With Futures Radio!
T3 Live Chief Strategic Officer Scott Redler was recently interviewed by Futures Radio, and we encourage you to click over to listen! In this in-depth interview, Scott discusses: How he got started in trading in the 1990’s Technical analysis techniques he uses every day Current market issues like Deutsche Bank, the US Presidential election, and more! Click here to listen to the interview!
Continue Reading -->The Point of Gold Recognition?
A few days ago we offered that GDXJ/GLD were at inflection points and that the next leg up to 1425/1450 in gold may be here. Yesterday may have been the first step. The behavior on the first pullback will be key to observe with subsequent follow through. If GDXJ offsets $49-50, which from a bearish perspective is a right shoulder of an H&S top, that should confirm the idea of a new leg up because fast moves come from failed patterns. A failed Head & Shoulders top implies new highs in GDXJ. Moreover, new swing highs in gold will be a point of recognition for those bearish of gold who believe this years rally was a bear market rally. New highs could create a vacuum as the perception that a bull market in gold is underway takes hold. Click here to learn more about Jeff Cooper’s Daily Market Report.
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