Author: Scott Redler
Don’t Chase Leaders At Extended Levels
This weekend I spoke to several different types of people in different walks of life who are all confused and frustrated. Friday I was at a rooftop party with a number of traders who got caught short going into Friday after...
Read MoreMissed Some Upside, Chase is On
A week for crying over spilled milk After selling all my positions except Google (GOOG) on Tuesday I watched as the high beta technology names charged higher without me. I feel like a little kid who got off the bus too early and...
Read MoreReport Card: Market Heading for 4.0 GPA in September
A new fledgling rally started on September 1st and as market participants, it was our job to figure out: “will this time be different?” Since the beginning of the month this market has passed every test with flying colors. Fast...
Read MoreAppaloosa’s David Tepper Gets It, Even If He’s Not ‘Going Balls to the Walls’
David Tepper, founder of the $12.4 billion hedge fund Appaloosa Management, is known for his reluctance to give interviews. But when he speaks, you should damn well listen–as was the case this morning when Tepper sat down...
Read MoreA Flawed Model: Relying on High Frequency Traders As Liquidity Providers
While high-frequency traders add liquidity to the markets, the problem is that they are opportunistic liquidity providers that do not have a fiduciary responsibility to make markets.High-frequency trading as a portion of the...
Read More‘Stuxnet’ Could Mark New Era in Modern Warfare
A new form of modern warfare-specially targeted computer viruses-may no longer be just the wave of the future. Cyber security experts claim to have identified Stuxnet as the first cyber super weapon designed to take down a...
Read MoreLeaders Continue to Tack on Gains
We’ve now had three controlled down days and held above the 200 day, but shook the tree enough to break 1128-1132. Leaders yawned during this pullback as they continued to tack on gains. Yesterday did give a small taste of what...
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