Tag Archives for " stock market "
Morning Call Express: December to Remember?
In today’s Morning Call Express, Scott Redler welcomes us to a new month and updates the action in the SPX. He also looks at the recent move in oil and some of the levels to be watching heading into today’s action.
Continue Reading -->Morning Call Express: Digestion or Indigestion
In today’s Morning Call Express, Scott Redler discusses the weakness we saw yesterday and what we can expect this week. He also maps out how the recent “Trump Rally” had similar action to the Brexit move. Scott also looks at the chart of Apple (AAPL), Netflix (NFLX), Amazon (AMZN), and Gold (GLD).
Continue Reading -->What’s Happening: Anti-Trump?
Over the past couple of days, we’ve seen the big Trump trades start to reverse themselves a bit, with bonds rallying, financials falling, biotech dropping, and gold stabilizing. Bonds are up again today ahead of Yellen’s testimony, and odds are she’ll be asked about Donald Trump’s proposed economic policies. But since the Fed strives to appear apolitical, I doubt she’ll give anything concrete. Already this week, many Fed officials have been asked about Trump and many have been evasive, though there’s a growing consensus that Trump’s spending plans could give the Fed room to raise rates. The CBOE’s FedWatch Tool shows that traders are pricing in a 91% chance of a December rate hike. Oil is rallying on Saudi optimism regarding an OPEC deal. Yesterday, Russia offered similar vibes. OPEC reached a preliminary agreement back in September at the meeting in Algiers, but didn’t provide any details. Maybe it’s for real this time, but I wouldn’t count on anything until there’s an official announcement. Throughout 2016, we’ve seen a lot of false rumors and conflicting headlines, so try not to get too caught up in the chatter. Wal-Mart (WMT) is getting spanked on a same-store-sales miss, though Best Buy (BBY) is popping hard on a beat. Overall, markets feel compressed, which is a familiar theme this year. We get some exciting news (election, Brexit, etc.) following by a long string of back-and-forth nothingness as traders wait for something to happen. The VIX is at 13 and change, but 20-day realized volatility on SPX is at 10.6. So unless we get big moves soon, the VIX could easily drop back under 12.
Continue Reading -->Morning Call Express: America Speaks
In today’s Morning Call Express, Scott Redler talks about the impact of Donald Trump being elected the next President of the United States of America. Scott talks about where the markets were at the lowest point, overnight, and where it is looking to open. He helps put things in perspective and provides a roadmap to navigate today’s open. Scott also discusses the reaction in biotech land and gold.
Continue Reading -->Morning Call Express: Election Day
In today’s Morning Call Express, Scott Redler talks about how today’s election may impact the markets both today and tomorrow. Scott reviews the technical picture over the last week to week and half and what it suggests for price moving forward. He also shows the support and resistance levels to be watching. How to Thrive in the Future of Trading Want to go Quant without a PhD? Check out our latest live event here: https://t3campaigns.clickfunnels.com/optin10626572
Continue Reading -->Morning Call Express: Pre-election Oversold Bounce?
In today’s Morning Call Express, Scott Redler talks about what has happen overseas and how that impacts the U.S. Markets. He also discusses the Facebook (FB) earnings and how it is acting pre-market. Scott also looks at other high beta tech name along with GLD.
Continue Reading -->Morning Call Express: Connecting The Election Correction Technically
In today’s Morning Call Express, Scott Redler discusses the Fed day today and the likelihood that it is a non-event as the U.S. Presidential Election has taken center stage. He reviews the action in the SPX given the sell-off yesterday and updates the new levels of support and resistance. Scott also looks at the bounce that took place in the Biotech (IBB) and a couple high beta tech names.
Continue Reading -->Morning Call Express: Ranges and Noise
In today’s Morning Call Express, Scott Redler puts all this sideways action into perspective by looking at the longer term SPX chart. He then takes a look into the recent daily action, which has been choppy, to say the least. Scott notes that it is likely to stay this way until after the election. He also looks at some recent earnings names as well as FB which will report tomorrow.
Continue Reading -->Morning Call Express: Pressure Mix
In today’s Morning Call Express, Scott Redler talks about the headwinds that the market is facing this morning. Specifically AAPL, now with earnings behind it and the levels that is has trading pre-market. He also talks about the levels he will be watching to trade around. Scott also reviews other high beta tech names as well as the recent action in Oil.
Continue Reading -->Morning Call Express: Sluggish With a Constructive Feel
In today’s Morning Call Express, Scott Redler updates the key levels of support and resistance on the SPX. He also talks about some earnings names that have reported as well as other names that are looking constructive.
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