Author: Scott Redler

We’re in the summer doldrums right now. We’ve moved about six points in the S&P all day, but if you’re able to spot the right patterns there are still trades to be made. First off, RAX formed an obvious...

Not much to talk about today after the gap down was quickly bought during morning trading. It was not surprisingly bought, but the key questions are what do we do now and how do we position ourselves within the market? We need...

Markets off a bit, but not anything troubling. The morning low in the SPY is $139.81 (above even the upper support of $139.50-$139.60). The 8 day moving average is still far under this at $138.50ish. Priceline (PCLN) just made...

We’ve seen soft action this morning; nothing too crazy. We tested above the 1400 level in the S&P yesterday, and we’ve dropped back into the low 1390s this morning, which is too be expected. The oscillator...

Futures are off a bit as European stocks fall from a four month high. German export numbers came in lower than expected, and ING, the largest Dutch financial services company, reported a 22% decline in profits. Over the short...

The S&P 500 climbed back above 1,400 Tuesday for the first time in three months despite yet another late-day pull-in. Stocks opened slightly higher again and continued their climb all morning before the market pared gains in...

Markets continue to act very well. There has been plenty to do during the past few sessions. High of the day in the SPY is $140.92, below the bigger resistance of $141.60. As of now SPX is very extended from its 8 and 21 day...

Right now, we’re pressing against the 1400 level in the S&P and there’s only space to about $140.50 in the SPY. The oscillator is still at a level were we could move higher, but I don’t think now is a good...

The rhetoric about investors not making a dime in the markets or the lost decade is starting to get old, as the S&P flirts with 1400. Bill Gross and Roubini keep making their rounds about how the equity markets are dead,...

The market was quiet Monday as we enter the slowest trading month of the year. Selling in the last hour ate into stocks’ gains for the day, most of which came overnight. The Nasdaq was the biggest winner, gaining 0.74%....