Getting a Little “Frothy”
By: Scott RedlerThe indices took a day off yesterday (an inside day). No reason to “worry” but as this market works its way higher, it is prudent to take some trades and protect some profits. I’m finding it...
Read MoreAuthor: Scott Redler
Sold Macro Long Positions Today
By: Scott Redler I am out of all my longs as of today. I sold all my swing trades taking off all my risk on the long side. Going forward, I will only be using active three-day strategies from both the long and short side. I...
Read MoreVideo: Morning Call 03-24-2010
By: Scott Redler In lieu of my normal morning write-up, I decided to post my Morning Call video from this morning that subscribers to T3Live.com watch every morning before the open. This is one of 3 morning videos recorded for...
Read MoreMGM Playing Some Catchup
By: Scott Redler I hate playing laggards, BUT Wynn is at new highs and should see $80-90 area, and then $120 later this year. LVS had a Rock Star breakout on volume yesterday. It looks to have follow-through to $23-24 then on...
Read MorePast Resistance is Today’s Support
By: Scott RedlerYesterday we were looking at 1,150 on the S&P to hold and “surprisingly” it did–and fast. The Nasdaq didn’t even get to its breakout level of 2,325. THIS IS A STRONG MARKET with lots...
Read MoreBetting on the Casinos
By: Scott Redler Las Vegas Sands (LVS) looks great here! They had an awesome presentation last week and I believe this sector is an excellent recovery play–with Macau and Singapore as a kicker. Technically the chart looks...
Read MoreMarkets React to Passage of Health Care Bill
Technical strategist from T3Live, Scott Redler, appeared on CNBC’s Squawk on the Street on 03-22-10 and discussed how the markets will react to the passage of the health care bill. As the market shows some weakness with...
Read MoreSquawk Box 9:30 Today
By: Scott RedlerLook for me on Squawk Box this morning at 9:30. I have pulled together some notes for that session and wanted to share them with our T3Live community shortly before the show. Here they are:OUR THESIS THIS YEAR IS...
Read MoreSteroid Abuse Rampant…
By: Elliot TurnerFirst it was Lehman, then JP Morgan (JPM) and now we hear that so too was Bank of America (BAC) abusing the infamous “Repo 105” to the tune of $49 billion way back in 2006, hat tip to Felix Salmon...
Read MoreConfluences’ & State Street Stock Price Fluctuations
By: Pej Hamidi A technician, or anyone looking for timing clues on their trades, looks for areas where multiple technical data points converge. This is what the “quants” do, except they write a program that does it...
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