Charles from The Kirk Report interview Mike Bellafiore.
SMB Morning Rundown – October 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Why I Lost Money In GS
Yesterday I traded GS. It was a second day play following their earnings release on Tuesday. GS has been showing signs of life recently, and after observing Tuesday’s price action I was fairly confident it could trade up to 160. And perhaps over the next two weeks up to 170. We discussed GS in the AM Meeting and I clearly … Read More
SMB Morning Rundown – October 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts for October 21, 2010
Good morning traders, having some computer issues this morning so I asked Adam to share his morning thoughts from his daily market letter at www.themacroreport.com I will be on twitter highlighting some of my trades and my market view during the day. Follow me @ JoeP_SMB “Equity markets around the world have had nearly two months of smooth sailing—an easy … Read More
CREE, 48.60 and How You Find the Most Important Level
After the close yesterday CREE reported. Immediately CREE traded lower from 53ish to 47.50. But there was a level more important than all others. I tweeted it. Twice! And it was the level of all levels. Besides cherry picking an example to pump myself up 🙂 how do you find this most important level? Mike don’t I just look on … Read More
Traders Ask: Pullback or Reversal?
Hi Mike A common mantra repeated in most trading books is “follow the trend” and the process for doing so buy/sell through dips. Sounds easy however there are multiple complexities rarely discussed such as: – Few stocks continue in a nice straight line – The stock you’re watching is in a great bull trend, but the market is weakening … Read More
Morning thoughts for October 20, 2010
Yesterday’s strong down close violated the recent uptrend I highlighted yesterday and brought the market into an important support area. Technically, the market was certainly overbought and primed for a pullback, so this move should come as no surprise to anyone. We would normally expect some downside followthrough after such a weak close, but it is important to realize that … Read More