Many traders think about trading forex but they stop short of getting started for one reason or another. For some, the departure into a whole new asset class is scary, while others hear things like “forex trading is only for the professionals” and get scared. First, do not let fear stop you from doing anything. What’s the worst […]
Continue Reading -->In today’s Morning Call Express Video, Scott Redler discusses the trend in SPX, and the action in Microsoft (MSFT), which is up big after earnings yesterday. Scott also discusses Facebook (FB), gold (GLD), and JP Morgan (JPM).
Continue Reading -->In today’s Daily Recap video, T3 Live Chief Strategic Officer Scott Redler discusses the trend in SPX, major ETF’s like QQQ, IWM, and XLE, plus individual stocks like Netflix (NFLX), Facebook (FB), and Twitter (TWTR).
Continue Reading -->1) Earnings Season Rages On We walked into some big earnings reports today, and unfortunately, they were mostly bear-friendly: –Netflix (NFLX) issued very weak guidance, driving a -13.1% drop in this high-profile momentum name. -IBM (IBM) and Goldman Sachs (GS) beat expectations, but still couldn’t rally. –Rio Tinto (RIO) sank on weak demand for iron […]
Continue Reading -->In today’s Morning Call Express, Scott Redler talks about some key levels of support in the SPX and what it would mean if these levels break. He also talks about the poor earnings from Netflix (NFLX) and will be watching to see if the weakness is contained to just NFLX or permeates into other names.
Continue Reading -->1) Bears Get Grinded Out… Again! US markets managed to score a small victory today in the face of shaky European markets and geopolitical troubles in Turkey and other areas. The S&P 500 hit an intraday high of 2168.35, putting it less than one point away from making its sixth record high in as many […]
Continue Reading -->The market really feels like it’s out of gas, but lo and behold, the SPX is within a few point of hitting a new all-time high for the 6th day in a row. So let’s take a deep dive into the action and see if the bears are ready to take the lead. The action is […]
Continue Reading -->In today’s Morning Call Express, Scott Redler discusses the weekend news, the technical setup into earnings season, and the action in bank stocks like JP Morgan (JPM) and Bank of America (BAC). Scott also talks about the setups in Netflix (NFLX), Facebook (FB), and biotech (IBB).
Continue Reading -->The S&P 500 is coming off 5 all-time highs in 5 days, but we may be in for a sideways grind. On Friday, I wrote that the market was ‘feeling’ stretched but sentiment was mixed, which is typically a recipe for a whole lotta nothing in terms of action. I would not be surpised to see […]
Continue Reading -->1) 5 Days, 5 All-Time Highs For the fifth day in a row, the S&P 500 managed to make a new all-time high, something that hasn’t happened since 1998. The index hit a peak of 2169.05 just after the open before selling off to 2155.79, and closing down 0.1% at 2161.74. Earnings were a culprit. […]
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