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Don't get hurt with opinions - Scott Redler joins Alpha Trader

Don't get hurt with opinions - Scott Redler joins Alpha Trader

FromAlpha Trader


Don't get hurt with opinions - Scott Redler joins Alpha Trader

FromAlpha Trader

ratings:
Length:
40 minutes
Released:
Jun 29, 2021
Format:
Podcast episode

Description

This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with Scott Redler, chief strategist at T3 Live and the T3 Trading Group.
Among the topics discussed:
Don’t get hurt with opinions, says Redler, a pure technical trader. He keeps his eye on the 8- and 21-day moving averages for the S&P 500, Nasdaq 100, and Russell 2000. When above, says Redler, that means “risk on,” and he’ll look to buy individual names with the best technical setups.

Redler is unconcerned that equity markets continue to make new record highs even as falling long-term yields might suggest some trouble ahead. For now, says Redler, stocks are unconcerned about what the bond market might be saying. Again - don’t get hurt with opinions. At some point it might be an issue, but for now the direction for stocks remains higher.

Among recent small- and mid-cap buys thanks to good technical setups are Skillz (SKLZ), Sunpower (SPWR), Churchill Capital (CCIV), and NIO (NIO).

Crypto has charts as well, and Redler sees a battle being waged on bitcoin (BTC-USD) around the $30K level. It’s fallen below that level a couple of times in the past few weeks, but has quickly bounced. That tells him there’s a pretty good chance last week’s $28.8K is the lowest we’ll see for a few months.

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Released:
Jun 29, 2021
Format:
Podcast episode

Titles in the series (100)

Alpha Trader taps into topics and trends offering in-depth analysis of the market from the perspective of a trader. Hosted by former Seeking Alpha VP of Content Aaron Task and Seeking Alpha Managing Editor of News, Stephen Alpher, the show will feature discussions of the latest news and regular guests from among the smartest traders in the market today.