Author: Scott Redler

By: Scott RedlerYesterday the market stalled around the prior breakdown point, which usually turns into resistance. Today on a micro level we broke the 1147-1150 gap from Monday and filled it pretty fast. The next level I will...

London is trading down nearly 1.8%, Spain 3.8% and Italy 3.3% as investors became skittish after Spain’s core inflation data turned negative and the euro continued to tumble. The inflation data casts doubt on Spain’s...

By: Scott RedlerAround 3:30-3:40 yesterday on the radio I noted a lot of push through failures into resistance, and to be cautious with longs.Now we will be testing Monday’s gap up. Watch 1147-1150 in the S&P around (114.91...

By: Gregg Riek Ever feel like this guy when trading? Taking losses can be painful and suffocating or they can be beneficial and enlightening. They can be emotional roller coasters that lead to blow-ups or they can be unemotional...

By: Scott Redler The market has bounced impressively, holding Monday’s historic gap up. The S&P is now approaching big resistance. The area where the market broke down from, 1178-1182, is just a stone throw away. I do...

By: Scott RedlerFor weeks, GS has been made into the bad guy as the SEC launced fraud allegations against the revered bank. Even criminal charges have been mooted for Goldman traders involved directly in the alleged fraud. The...

By: Brandon Rowley While I’m certainly not the originator of this trade idea, I find it very interesting for a longer-term play. It is a trade with low downside risk and out-sized upside gain potential. The idea is long...