Author: Scott Redler

Too much for the market to handle between headlines around the world indicating growth slowing as well as US data turning more sour. Those who were hanging their hat on a strong US recovery are starting to face reality. SPY hit...

S&P is trading below recent lows 1291-1295. The 200-Day is 1283 which we briefly touched premarket. Typically, first time indices see the 200-Day, it does try to hold. The longer we stay below 1291-1295, the higher the...

‘Sell in May, go away’, the best advice an investor could take! The Dow today closed the book on its worst month in two years, with the blue chip index dropping 6% as fears about the European sovereign debt crisis...

The bulls and bears are waging a tug of war battle today on the last day of May. Stocks were very heavy early, but held the mini uptrend line from the last few weeks. At 11am ET stocks started a strong bounce to briefly go...

Markets pressured early as US data was not good. SPY broke yesterday’s low (a nice spot to add to shorts) of $131.49. The morning low is $130.79, under this is a recent big support of $129.55-129.95. The 200 day stands...

It has been an interesting short week, with Tuesday’s gap up and hold and yesterday’s gap down and hold. I think yesterday’s more action is more reflective of the climate in the market right now. The situation...

US stock futures point to a higher open Thursday after ECB President Mario Draghi said the central bank will keep supporting solvent Euro zone banks. It’s not really “new” news, but something for hungry bulls...

All major US indices fell more than 1% Wednesday, led to the downside by the S&P, which fell 1.43%. Financials and energy stocks were the biggest drag on the index, which saw each of its 10 sectors finish in the red. The...

Markets gapped lower and never looked back. Yesterday’s gap was filled and the Bears took back control. The Pivot low to trade against now is $131.93. Any close below $131.50ish and I think the lows will be a magnet in...