By: Scott RedlerThis morning I talked about testing longs vs. the 1068-1072, which represents the 50% retracement zone from the entire July move of 1010-1130. The question now is, how far can this bounce take us? I bought a lot...
Read MoreBy: Evan LazarusI see a lot of things on the web these days as it pertains to market forecasts from the bulls, the bears, the liberals, conservatives, etc. This one came across my desk today and I’m not sure what to make...
Read MoreBy: Brandon Rowley Brutal week erases equity market gains for August August started out well following the S&P 500’s 6.9% gain in July but the bears came out of hibernation last week with a vengeance selling the...
Read MoreBy: Scott RedlerThis entire year our mantra has been to trade the short-term and mid-term trends.There has been 8 moves of 5%-10% in both directions that have all happened in 2-10 days or less, which is important to note the...
Read MoreBy: Scott RedlerYesterday was somewhat of an exciting scenario: after a drastic down day into a sizable down open there was a ton of opportunity for a trade. Today I’m not so sure. The new point of reference is 1076, and below...
Read MoreBy: Scott RedlerWhen participate in such a volatile market like this one, you must have a plan and you must execute your plan quickly in order to avoid losses and potentially make money. I started to lighten up on Fed Day...
Read MoreBy: Evan LazarusSince mid June I have been updating the “bigger picture” pattern that I believed was developing in the S&P 500 index . I want to take this time to update this situation as it has been building a pattern...
Read MoreBy: Scott RedlerUPDATED CHARTOn January 21st we warned that the uptrend could be breached and we could have a composure change. That lead to a 9% correction. On May 4th I sent out the same note saying take profits get flexible...
Read MoreBy: Scott RedlerI came in pretty long today as I’ve been riding this uptrend since it started in early July. There have been times to be heavy, times to be light, and times to just sit back and feel it out. This is why I use a...
Read MoreBy: Evan Lazarus Last night I decided to do a little research. Yesterday the QQQQ’s traded 26,927,600 shares. The last time they traded with this type of low volume was over four years ago on July 3rd 2006, a ‘half...
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