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Scott Redler, Chief Strategic Officer of T3Live.com gives his analysis of the S&P as it stair steps higher following a move lower on Worldly tensions. He also looks at High Beta Tech with earnings in full swing, financials, social media and more.
$SPX, $C, $BAC, $GOOGL, $AMZN, $BIDU, $YY, $QIHU, $PLUG, $AAPL, $MSFT, $INTC, $VMW, $GLD, $SSYS, $YELP, $LNKD, $FB, $TWTR
Scott Redler, Chief Strategic Officer of T3Live.com takes a quick walk around the different sectors of the market. He specifically looks at High Beta Tech, Social Media, and the Financials.
Scott Redler, Chief Strategic Officer of T3Live.com recaps today's market action in the S&P amid geopolitical uncertainty. He also looks at Apple ahead of earnings tomorrow, Social Media and more.
Scott Redler, Chief Strategic Officer of T3 Live brings you the Morning Call Express with red arrows around the market, Scott looks at the leaders and laggard of the tape.
Rob Smith, Mentor in the ITB Room on the Virtual Trading Floor, wraps up the week with a look at charts. He looks at the S&P, Dow, high beta tech and more.
Rob Smith, Mentor in the Smith in the Black Room on the Virtual Trading Floor brings you the Morning Call Express with a look at actionable signals in the S&P, high beta tech, 3D Printing and more.
Rob Smith, Mentor in the Smith in the Black Room on the Virtual Trading Floor recaps the S&P following World News that shook the market. In brief Rob looks at the Semi Conductors, High Beta Tech following the Apple-IBM deal, and more.
Rich Annunziata, mentor in the Active Trader Room, walks through the following charts, contrasting new era social media tech name risky action versus, the old man names" of established tech - $SPY $QQQ $IWM $IBB - $GILD - $TWTR $LNKD $P $FB - $HPQ $INTC $CSCO - $SLB $APC $HAL $FCX.
Mostly red arrows around the world as Europe and the US announce deeper sanctions on Russia. The Ukraine situation remains somewhat fluid and unstable. There are also Yellen’s headlines of stretched valuations being debated amongst most publications and media outlets. Europe continues to struggle with the DAX which is down almost 1%. The FTSE, CAC, and AEX are down about the same. Asia continues to try and hold up better.
S&P 500 futures are down 9-10 handles as this market has numerous divergences starting to add up again. This has been a strange trading environment, especially for "momentum" type traders. There are moments of clean action with follow thru, but at most times it feels erratic and random. So take some care if you’re struggling.
SPY is below yesterday's low of $197.42. For the bears to control the day, they need to keep it below this level for the first 30-60 minutes of the market open. For more weakness to set in, the Bears will need a close below the $196.70 area. Otherwise, we can expect to have a lot of the same.
Check out a conversation with Rich and Evan Lazarus on the Active Trader course manual and the mentoring that Rich does in the private room.
Scott Redler, Chief Strategic Officer of T3Live.com recaps High Beta Tech ahead of earnings. He also speaks about his thesis on Blackberry, Social Media, and more.
Markets around the World seemed to ignore the headlines out of fed Chairman about stretched valuations in high growth Areas. Europe having its first solid session in weeks and will be interesting to see if it puts this region back on track. Asia data was decent and continues to act somewhat well. The FXI has been trending well since its igniting gap back on 5/12.
Our markets became a little loose and wide as Yellen tried a Greenspan moment but didn't fall apart. SPX opened higher then reversed to the downside giving small RDR's or sell signals at 1979 before falling as low as 1965 causing numerous sectors to close gaps from Monday trade. In the afternoon just like we've seen many times markets re-grouped and took it in stride. (Least we have two-way action).
SPX futures up 5-6 handles. See if gap holds and how markets deal with 1982-1985 the 2014 highs if we see it.
High beta tech still provides opportunities.
AAPL announced a enterprise collaboration with IBM. This helps my thesis of $100+++ this year from back in April. Now it needs to hold $96.90 for momentum to stay here. Great vehicle this year.
FB- held in well as social was also a topic for Yellen. As long as it stays above $66.26 u can't get too bearish on price. Above $68-$68.30 will bring momentum back.
BBRY is down on the AAPL - IBM collaboration. I'm not an analyst so I can't give u my opinion. But I am long and some think this will be fine and their operating system is the play. Technically I will try and stay with it as long as it closes above $10.50. A close above $11 and I think that would be very impressive.
Scott J Redler is long AAPL, C, BBRY, MNGA.
Mixed markets around the World as Europe is off a bit with no real upside follow through to yesterday's bounce back. This region seems to be weakening and we will monitor it a bit closer. Asia is trading Better with some green arrows.
Our markets gapped up yesterday but most indices made little progress. SPX did go from Thursday's low of 1952 all the way to as high as 1979 yesterday. Could use some time to digest. Lots of stocks though were on the move with nice individual action.
SPY's have a pivot that starts at yesterday's gap of $197.44. Lets see how much of the gap gets filled to judge the speed moving forward. The 8 day moving average is $196.87. Holding above this would keep the momentum intact. A close below and we approach the 21day which is $195.97.
So far we've seen WFC and Citi group earnings and they trade decent. Nothing to write home about. We will see JPM -GS and BAC this week.
WFC -held the 50day at $50.82 on Friday. As long as this stays above this, its okay doesn't really trade great but its rewarded investors over the years.
C- settled with the government and did all it could to muster a decent report. It gapped up and didn't do much. See how much of the gap can remain open for future movement. Below $48.35 and its really not worth your time.
HIGH BETA tech got a bit frisky yesterday
AAPL made new 2014 highs and still acts well. Holding yesterday's gap of $95.65 would be good. Above $96.89 and it could make new highs again. Earnings not till next week.
AMZN- triggered from off the charts at $338-$340 Friday and hit $355.77 yesterday. Thats your resistance pivot. Nice move. It's a bit extended now. Hope u trim and trailed it.
NFLX woke up for a quickie. Nice cash flow trade above $444. If it clears $455 maybe we get another trade towards $460 resistance.
TSLA- played some catch up for a nice tactical long around $220ish depending if you caught the Red dog reversal at $217.60 or waited. It can go again if it clears $228.79 to retest the $235 area.
Scott Redler is long AAPL TSLA LNKD BBRY. Short Spy
If you haven't watched it yet, Marc did a video recently showing the way he lays out his trading screens. Its a great view into the organisation and thought process of a porfessional trader. Its also a nice peek at the tools of a pro's trade, no pun intended!
Good morning. Mostly green arrows around the World after last weeksbout of volatility. Europe is up mostly half + percent across theboard, but they became very oversold and will need to do a lot of workto reclaim broken accelerated trends. Asia strong with the Nikkei up.88% and the Shanghai up .96%
SPX futures up 6-7 handles after finding some footing late last week.Thursday's gap down was tough even for those that took risk down butit held the 21day. Then on Friday markets held firm with anotherbottom tail giving the markets a floor of 1952-1959. Now marketparticipants come in asking themselves was that the Summer low? Asonce we were down 30 handles off the highs, most started chirping for10-20% corrections vs the opportunities during that dip. Today couldgive us some clues. Can the bulls reclaim some broken acceleratedtrends. If the bears want to maintain some control they probablydon't want a close above $1974-1976 area.
If you didn't buy into Thursdays volatility or when markets held firmFriday. I'd be a bit patient chasing this up open. Also if you haveshort on the brain, and look to fade the first 15-30 minutes make sureto have a plan. Could be tricky.
Marc Sperling is a Co-Founder of T3 Live and is a managing member and Director of Trading for T3 Trading Group, LLC.Mr. Sperling has been actively trading for 15 years, achieving success since the Asian contagion and beginning of the dot com boom.
In this video Marc walks through the theory behind his screen layout, and how the relavancy of everything he chooses to display has an effect on his trading.
More with Marc Sperling:
Today's action was indeed slow but there were things to do, and we found em!
Amazon (AMZN) gave us a nice gap up that we capitalized on in my private mentoring room on the T3 Live Virtual Trading Floor.
My recent Posts and Videos:
The video above is an unabridged recording from an exclusive after hours session in my In the Black Breakout mentoring room, specifically tailored to new members. If you have any questions still lingering after watching...
By Robert Smith Thursday, 19 June 2014
Rob Smith hosts the Morning Call Express!
SPX futures are down 12-14 handles this morning already below Tuesday's lows after yesterday's small snap back yesterday. Pivot low from Tuesday is 1960. If that doesn't get reclaimed pretty quick, there is a level at 1955 then 1944. A close below this and Volatility will spike even harder. There's is very big support at 1925 50day moving average (it would be very surprising to see this today, but maybe in a few weeks).
Spy range had pivot support at $195.77 then the 21day at $195.56 Under this you have $194.20ish is bigger. 50day is down at $192.50.
WM that lead the way down didn't bounce much at all yesterday. Pivot low from Tuesday is $115.70. 50day is $114.95 then bigger level at $114.15.
GLD held $126 and perked up above $128 trigger. Resistance comes in $130.50 (fills a gap). Then 2014 highs of $133.69.
AAPL still holds up well but showed some relative weakness yesterday. Maybe in this down open, see if it can come off lows. Tuesday pivot low was $93.92. Bigger support is 92.60ish 21 day.
Scott J Redler is long FB, LNKD, LLTC, BBRY, SLV - Short SPY.
Long GLD calls and GMCR calls.
The video above is an unabridged recording from an exclusive after hours session in my In the Black Breakout mentoring room, specifically tailored to new members.
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Disclaimers: Scott Redler is long FB, BBRY, LLTC, LNKD. Short SPY. He is also long in GLD and GMCR calls.
We're in another inflection point. I will say there are tactics to use at times like these in the market, like the Red Dog Reversal.
Typically with a move like we have seen in the past two sessions, with the futures up everyone is gonna have short on the brain - but with the way the market has been you might wanna just wait.... But after today's action, overall nuetral approach is wise, its time to be tactical.
Check out today's recap vid above around the 5 min mark, where I walk through a reversal in the Biotech (IBB). Later I look at LinkedIn (LNKD).