Author: Scott Redler

By: Scott RedlerIs the unemployment rage 9.7% or 10.6%? All depends on the way you calculate the number–Very FAGAAZEY!Anyway, the easy oversold bounce stopped short, in the lower resistance zone–1,098-1,102. It never...

By: Elliot TurnerWas the relationship between the VIX and the underlying volatility trying to tell signal this latest move? Apparently as the market bounced back over the last few days, and the VIX settled down after its huge...

By: Scott RedlerThe market will always speak, and therefore, active traders must pay attention and listen. All the signs were there that this type of move was in the cards since the day companies started getting sold off heavily...

By: Scott RedlerAnd always measure the move. Traders judge the potency of a move by the size of the countertrend retracement. Well, the two day bounce, on low volume, displayed the strength of the uptrend break (the bearish...

By: Scott RedlerYesterday it was time for the Bears to play some defense as the S&P was over 1,100, in field goal range and looking to test higher resistance. Most of us were out of longs after the two-day bounce, but we...

By: Elliot TurnerThis week, I have been reading Hyman Minsky’s collection of essays entitled Can It Happen Again and came across this very relevant and profound observation:Financial vulnerability exists when the tolerance...

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By: Elliot TurnerOne chart that I have been watching closely since the market pulled off of the January highs is that of high yield corporate debt–HYG is the specific ETF. In the chart below, notice how HYG topped out...

By: Scott RedlerGoldman Sachs (GS) and JP Morgan (JPM) are both working well for us. This is a nice two day move! Let’s take a look at these two sector leaders:Goldman SachsThat’s all you can ask for as of now. We...