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VIDEO: Morning Call: Excess

July 5th, 2016

By Scott Redler, T3Live

Scott Redler, Chief Strategic Officer of T3 Live hosts the Morning Call Express for Tuesday, July 5, 2016. This morning we see mostly red arrows around the world after big 4 session snap back rallies as the Sterling Pound reaches its lowest level in 30 years. Our Markets had a pretty wild ride in the past 6 sessions. Monday morning the SPX hit 1990 (post Brexit) and then didn’t let the Buyers in “comfortably” and punished early shorts all the way to Friday’s session as it hit a high of 2108. Oscillators went from -60 to +40 very quickly. Now we work off over bought readings and figure out if markets can “hold higher” and create stronger patterns to attempt new highs in coming weeks. Or more back to the range trading that we’ve seen.

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About Scott Redler

Scott has been trading equities for more than 15 years and has more recently received widespread recognition from the financial community for his insightful, pragmatic approach. He began his career as a broker and venture capitalist where he was able to facilitate relationships that led him into trading. Beginning his trading career at Broadway Trading in 1999, Scott moved on with Marc Sperling to Sperling Enterprises, LLC after establishing himself as one of the best young traders in the firm. As a manager at Sperling Enterprises, he maintained his status as a top trader at the firm while working closely with all traders in the firm to dramatically increase performance. Scott has participated in more than 30 triathlons and one IronMan triathlon, exhibiting a work ethic that also defines his trading. His vast knowledge and meticulous attention to detail has led to regular appearances on CNBC, Fox Business and Bloomberg, and he has been quoted in the Wall Street Journal.