CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- Paul: Audit the Fed
- JAL Slides to Record Low on Bankruptcy Jitters
- Hewlett-Packard Profit Rises, Matches Guidance
- Prepare For Large Decline In Stocks, Next Year?
- The Social Media Gaming Threat
- Why Amazon Rules Retail
- Holiday Travel Outlook
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
RSS FEED
Text Size 
CNBC News Associate
This week’s very important technically for the markets, said Scott Redler, chief strategic officer at T3live.com. He told investors what they should be watching out for throughout the week.
“We could be choppy to the upside, but we could see technical damage that could take us lower coming into earnings season in the next week or so,” Redler told CNBC.
Redler said the accelerated uptrend from July was broken at 1,042 and traders will be watching to see if the market could take that back this week. He warned that a correction may come if the market can't get back above the level.
“Right now, 4 to 5 percent has been the norm. We haven’t had the 10 percent correction, so next week, we need to measure if that will change—and [if] we’ll get that 9 to 11 percent correction that some people have been calling for.”
More Market Intelligence:______________________________
Disclosure:
No immediate information was available for Redler or his firm.
______________________________
CNBC Slideshows:
______________________________
______________________________
CNBC's Companies in the News:
HSBC [HBC
Loading...
()
]
Goldman Sachs [GS
Loading...
()
]
Microsoft [MSFT
Loading...
()
]
PepsiCo [PEP
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes