“Sweep the Leg Johnny”…
By: Scott Redler…Get em a body bag yaaaaaaaaaaaah!That’s probably how you feel this morning if you took home some of the strong tech and commodity names from yesterday’s move. The question is, can the market...
Read MoreBy: Scott Redler…Get em a body bag yaaaaaaaaaaaah!That’s probably how you feel this morning if you took home some of the strong tech and commodity names from yesterday’s move. The question is, can the market...
Read MoreBy: Elliot TurnerAbout two weeks ago, Berkshire Hathaway (BRK.B) completed a 50-for-1 stock split of their “B” shares which placed BRK.B front-and-center on many traders platforms. On its first day, post-split, the...
Read MoreBy: Elliot TurnerSo today the market finally followed-through on last Friday’s reversal day. We had gapped up the other day, but had been unable to put together any lasting intraday strength. Today many commodity stocks...
Read MoreBy: Scott RedlerTonight, I will be stepping up from the Fast Money Halftime show to the big leagues–check me out on Fast Money at 5:00 p.m. Eastern time. I was scheduled to do this once before, but an Obama speech (are...
Read MoreBy: Scott RedlerTraders are trying to figure out if 9% off the highs is “enough” for this correction. Right now, the jury is out, as the market is developing a “wedge-type” pattern. This is typically a...
Read MoreBy: Elliot TurnerThe stock market has now put together a string of two consecutive doji closes on the dailiy while grinding oh so slowly higher. It is our job as traders to assess whether this is merely a bounce, or the start of...
Read MoreBy: T3LivePatti Domm, at CNBC, turned to Scott for insight into the whether this market correction is over, or whether more downside awaits. Here is an excerpt from her blog:Getting Technical Traders have been debating whether...
Read MoreBy: Brandon RowleyIn recent years, high frequency trading (HFT) has become a buzzword even in the mainstream media. HFT has been attributed as a contributing cause of many events, including the velocity of the 2008 crash and the...
Read MoreBy: Scott RedlerYesterday’s rally felt like the day the Fed bailed out Freddie Mac (FRE) and Fannie Mae (FNM)–we gapped up, yet the rally lacked power and leadership–then a few session later, the market fell...
Read MoreBy: Elliot TurnerWith a big snow storm set to hit New York tomorrow, it seems as though all the human traders standing on Wall Street will stay home. That means one thing: computers will only have each other to fight with in...
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