USB input/output devices typically show up as two separate devices, one for input and one for output, each with the same name. There is a bug in the current version of SignalScope, which prevents the input device from being properly recognized. A workaround is to use the Aggregate Device Editor in the Audio MIDI Setup utility application to create a single virtual device, which includes both input and output of the USB device (Fast Track).
An update to SignalScope should be available soon, which will fix the problem.