Author: Scott Redler

It’s very important to measure the action once a new uptrend starts. On September 1st, the gap and go above 1060-1065 ignited a new move. The next week the S&P held 1090-1092 showing commitment to the move (the leaders...

I just initiated a position in X as it is holding the lower end of it’s range.  If it gets through 45.50, it could definitely get going and is one to keep on the radar.  Below is a 60 minute chart.

It seems like everyone is very focused on the market breaking above the 1128-1132 resistance, but the real action is in stocks. We’ve held 1113-1115 for about five sessions now, and we are opening near the resistance so it will...

For the first time in its history as a public company, Google (GOOG) can be argued as a value play for investors. Yet, Google has so many growing pieces that the growth argument is almost just as compelling. Either way, the...

I don’t feel like a fat cat or one of the 1-3% privileged Americans that President Obama classifies me as.  I get this moniker since my combined household makes over $250,000, and all this administration does is want to spend my...

Low end of the range bought again by the bulls Another gap down was bought today in a day with a range even tighter that the previous couple sessions. The S&P traded within a 6-handle range but again showed a bullish bias...

People always ask me on the trading floor and in the chat room, how do you maintain such control and restraint? I may not be the smartest trader in the room, but over the course of my career I have learned what it takes for me...

Hat tip to Jake via The Big Picture