By: Elliot TurnerAs I write this, the 20 year treasury note as measured by the TLT just moved into positive territory. Overnight, when talking about a potential U.S. government default on debt, Joseph Stiglitz declared that “The...
Read MoreBy: Scott RedlerThe market is opening right near yesterday’s highs. This type of action frustrates me most. Any trader looking for follow-through on Friday’s reversal probably got stopped out at some point yesterday...
Read MoreBy: Scott RedlerToday’s action will certainly increase volatility moving forward. After Friday’s nice bounce, we saw no follow-through into the new trading week. Early on, the materials tried to take the markets...
Read MoreBy: Elliot TurnerFrom the open today, the financial sector weighed on the broader markets. The Financial Sector ETF (XLF) opened just under the critical $14 level, which it had held as support since October. In looking at the...
Read MoreBy: Evan LazarusClick on the chart below for a detailed breakdown of a short setup in Amazon (AMZN) from early this morning.Every trader needs a concrete risk/reward setup before executing on a trade idea. The best trades are...
Read MoreBy: Scott Redlerfollowing its first ever Super Bowl ad. Google (GOOG) finally looks ready to rally. Our long entry triggered in the $535-538 area, and the stock has room to the $555-560 zone. Maybe that Super Bowl ad is giving...
Read MoreBy: Scott RedlerOne needs to be a professional AND to have the right tools in order to surgically remove 30 handle moves from the market. A plan must be in place, and then the market needs to confirm it for one to fully...
Read MoreBy: Pej HamidiCan someone explain to me how one converts a “swap” into a “future”? That’s pretty cool: A very short-term commitment to a lot of risk, usually overnight, somehow converted into an exchange tradeable future....
Read MoreBy: Arkady GevorkyanX, FCX and NUE Hold Their Support Levels As I scanned the market and different sectors I typically trade Friday afternoon, I noticed interesting developments in United States Steel Corporation (X),...
Read MoreBy: Scott RedlerWith the jobs number out and the market oversold, I focused on trying to find a bounce in Apple (AAPL) and Goldman Sachs (GS). In this morning’s note, I highlighted exactly what I would look for. This is...
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