By: Marc SperlingWhen I first started trading in 1994, traders were able to leave the trading floor and forget about the stock market at the end of the trading day, arrive at work moments before the open and start trading just...
Read MoreBy: Marc SperlingYesterday the markets quickly recovered Tuesday’s losses. Apple (AAPL) hit $204.25ish and stopped going down. The stock went down so begrudgingly and popped itself back up in a few seconds. It should base...
Read MoreBy: Scott RedlerGoldman Sachs (GS) put in a nice outside day. It traded through $167, yesterday’s low and then trade back through–the RedDog Reversal Trade. We are now long GS from an average price right around $167...
Read MoreBy: Scott Redler Last night on CNBC, I discussed trading strategies moving forward in Google (GOOG) and Baidu (BIDU). Today will be a very interesting day assessing the market’s response to this developing story. The...
Read MoreBy: Scott RedlerDuring the past few sessions, we have seen some discouraging action. Some big cap tech names traded through their 50-day moving averages and Goldman Sachs (GS) sliced through its 50-day. Although the...
Read MoreBy: Feng DongChina’s central bank moved to tighten monetary policy on Tuesday, raising the bank reserve requirement ratio by 50 basis points and slightly increasing the interest rate on its one-year bill by 8 basis points...
Read MoreBy: Scott RedlerWe hope that no one was caught off guard by today’s sell off. While the “analysts” keep blaming Alcoa (AA) for today’s sell off, the signs were there even before Alcoa reported earnings....
Read MoreBy: Elliot TurnerIn looking at a daily chart of the Euro (FXE), we can see the development of a bearish continuation pattern–the bear flag. The FXE index struggled mightily with the $150 level. After what appeared to be a...
Read MoreBy: Evan LazarusJust before the New Year, some of our traders were focusing on a short setup in SanDisk (SNDK). The stock had run up aggressively during the holiday sessions and setup well as an extended short setup once a...
Read MoreBy: Scott Redler…AA is the Headline Blame–I see OtherwiseYesterday’s action was pretty telling that the market was somewhat tired. Big cap tech bounced on Friday, but was sold off right at the open yesterday....
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