Author: Scott Redler

By: Scott RedlerEarlier I said the markets were holding on by a thread, and I guess that was a very strong thread! The S&P held higher with a low of 1190, still above Monday’s low of 1183). Within the wedge, we said that...

By: Scott Redler Yesterday I mentioned that we could be putting in a “rounding top”, or some type of wedge formation. This is typically a pattern of indecision at key inflection points. The market is figuring out right now if...

After ISRG reported earnings earlier this week we saw a heavy volume sell off post followed by a classic 3 day low level consolidation. WE are looking for a continuation short trade. Traders should look to enter a position in...

By: Scott RedlerSo Superman (I mean the President) is swooping into NYC today to save the day and rescue us from the evil beast on Wall St. A definite place to keep your eyes on today are the banks, and to see how they respond...

By: Scott RedlerWe never try to guess on what the market will do, but when we get clues we begin to develop a thesis and plan of action if that scenario does indeed play out. It is still early, but it looks like we could be...

By: Scott RedlerThe market has proved this week life can go on without Goldman leading the way. Still, as we go through earnings season at these already extended price levels, it’s the case of the...

By: Scott RedlerA lot of the worlds banks are starting to repair and move higher. This Puerto Rican bank’s chart looks great.It broke through big resistance around 3.50, and it’s holding higher, showing demand.I am long...

By: Scott Redler The European Banks could be on the mend. We have been accumulating IRE for a potential breakout and now the stock sits in a nice high level consolidation. the pattern looks like a nice bull flag type. Shares...