Scott Redler


Last quote by Scott Redler

A lot of technicians are talking about [S&P 500] 2,440. It would be nice to see a little power come back to the small caps and the banks to validate this move. That's what's
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May 15 2017 Oil
Find all of Scott Redler’s quotes that have been published in 31 different articles on this page. Scott Redler’s quotes are organized by date and topic, making it easy for you to compare, for example, what Scott Redler has said both recently, and in the past, on a variety of topics. Some of the topics Scott Redler likes to comment on include S&P and Thanksgiving. Most recently, Scott Redler said, “Most traders went long into the weekend thinking we'd get some upside follow through. Basically, Europe opened higher, and took profits. I think it was too widely expected [Emmanuel] Macron was going to win.”.
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Scott Redler quotes

It's hard to be long, but it's even harder to be short. Today was a really good setup. Banks got a little stronger late last week, and traders like me were on the alert for a hawkish Fed and that gave you a little more juice on the bank

Everybody keeps talking about holes in the Trump trade, but I don't see any leaks. We saw historic highs all across the board, and there's really no reason for it not to continue. Banks haven't broken to highs of 2017, but they were stronger today. Trump's carrot of a huge tax program coming soon put some shorts on edge, because nobody wants to be short the market if he's going to come up with big tax cuts. It could turn into a 'buy the rumor, sell the news' when it gets

This could keep the Dow above 20,000 this time. Earnings have been pretty good with 72 percent of companies

I think there have been a ton of bullish undertones while we just consolidated in six to seven week range, after the big post election move. In a bad market, break outs are sold. Not

Right now the market has been floating on the illusion of optimism, and does that turn into a false sense of security?feedback

All eyes will be on [President Barack] Obama's farewell speech Tuesday and then President-elect Trump's first press conference on Wednesday. We'll be trying to figure out what his tone is like. It will be a kind of pre-game for the inauguration. Traders would like the tone to be like he had in his election speech when he was claiming victory, versus what we've seen in the last few

I think it's interesting biotechs showed some relative strength [Friday]. It'll help the whole theme of rotation, where money is moving around to keep the market going. There aren't that many dogs of the Dow, so if the bios, which have been weaker, start to act better, it would probably be a place to outperform in the beginning of

The postelection move has been very technical. The market would break above barriers or records, extend and then pullback and the retest would hold. This has been healthy, as those who missed the first, second or third move had some time to position on the slight

Oil might be the sector that brings the Dow over 20,000. It was a broad-based rally that got us over 19,000. It's been a lot of rotation and the same stuff that got us up to 20,

We started out the week trying to figure out if the market would hold higher, to have Santa take it to 20,000. The small caps held higher. The techs that broke out last week retested the breakout level. The banks, which everyone says are overbought, haven't pulled in, and oil broke $51/$52, retested it and

There are four things traders are watching this week, and tomorrow, oil is first on the

Europe was down a percent on the fact that Italian banks were

There were a few signs that gave traders an excuse to take profits. ...A pull back was pretty much in the

Thanksgiving week tends to trend higher. Today could set the tone for the rest of the week, barring any kind of incident. I would think it continues. As far as seasonality, it will play a big role. Then into Christmas performance chasing could start to happen as well. Besides the solid technical landscape, there are still a lot of fund managers under-invested and a lot of retail investors not in the

Typically when you hit the tightest range bar, you get some expansion. The question is which way does it break. It still looks like it's going to be higher. If the S&P goes above 2,181 and holds, we should be seeing new highs by the weekend. If it doesn't hold, and we trade back to 2171, new highs might be more toward Santa Claus rather than

The generals of the market usually lead to new highs, but with a new administration maybe the generals are

I would think the S&P is not too far away from making new

There's a dose of skepticism because tech and high beta names didn't participate and have been weaker, but the strong sectors where money has rotated to have helped lift the market. The financials, industrials, materials and

I would say tomorrow could be up another 10 or 15

If Trump wins, you could see 100 [points] down

In July, GE was $33. Now it's down at $29, weekly lows. The Street's not expecting much from GE. If it could just come in line, it could get some kind of bounce. If it misses, it seems the downside is priced

GE is not priced for a good report. If GE comes in decent, or just in line, it probably can rally and help the

The market's been trapped under the 21-day moving average for almost two weeks, so the first step for the bulls to get some momentum back would be a close above 2,147. Then the next obstacle would be the 50-day at 2,

Those reports are going to have to be strong with decent guidance in order to be rewarded. Those three names are priced for

I think at this point the market is a bit more comfortable with a close race. You would think people would put more risk on after hearing what the Fed and [Bank of Japan] have to say. If tomorrow we open lower and it was a trap, that would be frustrating for most

We have 2,119 to trade against. If that were to break, we could see 2,080 next week, but for tomorrow I think there's going to be a little bounce

I would say technically we broke below the summer range which was 2,148 to 2,163 [on the S&P 500]. We broke below that on Friday, then on Monday we reversed, came back up, retested it and then sellers came back. We're now developing a new level below that. The longer we stay below that, the more vulnerable the market is to lower

This started late last week, and had more downside correlation this

Every time Hillary looks bad, they sell off. When she doesn't, they

I think you still have to be constructive on the market. Although the indices are choppy, there's been an upside bias. Although we haven't broken out to highs for a month, there's been constructive stock

The down move in bios gave a little more conviction to sell them also and get out of the way. They're not broken, but they're

It was a textbook outside day in bios, which puts it back in the bearish camp. Finally the bears have a perfect formula to flex their muscles. Any pullback could be

Hillary took the air out of that sector and that hit other momentum

The S&P closed right at the 21-day moving average. This time it feels like there was a lot more damage to momentum

I would say it's still kind of funny that everyone is trying to find a reason to call game over for the market when all we're doing is grinding higher all

There's not a lot of power because there's not a lot of players. Who's going to make a big bet there ahead of Jackson Hole?feedback

It's like deja vu. A month ago we had a hot jobs number and the market broke out. Since then, it was a choppy range-bound tape. Earlier this week, there were concerns with oil, and the fact that it is August, a bad month for

If it's 150,000 to 170,000, that should keep things in tact. If oil hadn't bounced, we would have continuation to Tuesday's move. If oil's bounce is sustained, it's going to be hard for bears to get much

The S&P 500 held 2,146, the 21-day moving average Tuesday, and today the bulls took back the ball. It was good to see oil reverse on the [inventory]

The market could take some clues from the strongest stock in tech selling down on its Prime Day. Amazon has been the strongest of the high beta FANG names this year and it ran before the market did last week, and today it moved lower and sold on the news. That could give some clues about tech. The market could use a few days

A breather would be nice, but unfortunately this is an all or nothing market so breathers don't happen when you want them. The measured move off this breakout is 2,

Bank stocks are helping the market bounce back more than most traders thought it

It burnt off some of the overbought conditions. The market was definitely overbought. I think there was a little rotation into some tech names – Amazon is still near highs, Apple is holding in there and Facebook looks all right. Oil didn't fall

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