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Author: Scott Redler

Stocks Kick Off 2012 In Rally Mode

US stock futures are up sharply to kick off 2012, with the S&P e-minis up 1.5% overnight. The catalyst for the rally appears to be better than expected manufacturing data out of China, whose main index is up more than 2%...

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Italian Long-Term Debt Auction a Mixed Bag

US stock futures are headed for a slightly higher open Tuesday after a good, but not great, long-term debt auction in Italy. The futures didn’t get much of a bounce yesterday morning despite lower yields on 6-month bills,...

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Euro Weakness Sends Stocks Sharply Lower

Investors were curious about how long the Holiday cheer could last, and today they get their answer. Stocks finished sharply lower Wednesday, with all major indices down more than 1% and the S&P slipping into red territory...

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The Anatomy of the SLV Trade

SLV had a monster run in the first half of 2011 after breaking above $20 which was followed by a huge down move after topping out at $48.35 in late April/early May. SLV was the focus of most traders at that time. Below are links...

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Mid-Day Note: Fibonacci Retracements: SPY

Below is a 60-minute chart of the SPY from last week to today. After last week’s rally, a dip should be buyable on this pullback. The SPY is currently under the 25% retracement level of $125.14 but the SPY feels heavy...

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Mid-Morning Note: Euro Pressure

Quick down move in the Euro put pressure on the markets early today. Guys who were leaning on the GLD/Gold short got rewarded early – Next level of support is from the 12/15/11 low of 151.71. My community caught a nice...

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Stocks Flat in Quiet Post-Holiday Trading

The market traded in a narrow range and finished close to the flat-line Tuesday in the first trading day following Christmas. The week after Christmas is typically characterized by quiet, low-volume action, and today was no...

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