Archive for July 2011

SMB Radar Update

Jul 29th, 2011 | By | Category: General Comments, SMB Radar

Here is a quick snap-shot of the top stocks on the Today’s Range list on the SMB Radar. This is just one of 10 categories that the algo captures.

Click here for a 14 day trial of the live Radar we use on our floor.


One Bad Trade

Jul 29th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
I made one bad trade today in VPRT. After the trade I shook my head and remarked to Steve how amateur my trade was. I was not pleased with myself as a trader. The result of the trade? A complete chop. A two point winner. I couldn't agree more with Steve as he summarized my bad decision-making: "That could have been a huge rip." VPRT was on my watchlist. Before the open I make an attempt to tweet (StockTwits, Twitter, Facebook) the stocks I am watching. It was not my primary idea. Shorting SPY was as we were below support levels from a significant period of time. Stopped out of a couple lots at 129.06 on excellent Read more [...]

SMB Morning Rundown

Jul 29th, 2011 | By | Category: General Comments

Market showing some weakness this morning after end of day selloff ystdy. No vote in House ystdy on debt vote not helping. GDP numbers not good for Q2 but info is backward looking. Short bias but most of the downside has been realized prmkt. A pop to 129.40-129.60 would be a safe short area. SPY support 128.35ish

Morning Idea: STEC short close to 10.80

No Vote, more uncertainty

Jul 28th, 2011 | By | Category: General Comments
Word just broke that there will be no vote on Speaker Boehner's bill tonight. This will breed more uncertainty to the markets. This is not HardBall or Nightline so I will skip to our thoughts as a trader firstly. I will watch Asia to see how their markets react. So far they are down almost 1 percent as I write. Our levels for SPY are 129.60 and then 128 and 130.70. The pattern of the market has been as we get closer to the August 2 deadline and uncertainty about raising the debt ceiling remains the market finds lower ground. Stocks across the board are being punished. With this breaking news announcement we would expect Read more [...]

SMB Radar Update

Jul 28th, 2011 | By | Category: SMB Radar
There has been a lot of long and short opportunity in the market today. Here is a snap shot of some strong and weak stocks based on the SMB Radar going into the close. The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge how weak it can really be (Bright Red to Dark Blue). Click here for a 14 day trial of the live Radar Read more [...]

Free Options Webinar–SMB’s Options Tribe: Tuesday August 2, 2011 at 5:00 PM–Weekly Options

Jul 28th, 2011 | By | Category: General Comments
Tuesday  August 2, 2011 at 5:00 pm Eastern Daylight time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. This week, veteran trader Charlie Ferguson will be presenting his approach to weekly options income trading. Register for this FREE Webinar : Here Read more [...]

SMB Morning Rundown

Jul 28th, 2011 | By | Category: General Comments

SPY resistance around 132.50 to 132.70. below watch 132 level. key inflection point from yesterday is between 131-30 to 131.60. failure at 131 premkt and last period point. watch support levels at 131 to 130 to 130.20, 129.63, and 128 to 128.40

Morning Idea: AKAM resistance at 26, 25.50, 25 key inflection point on long term charts. holding below 25 movement to 23.50, hold below 23.50 next area support is around 22 area

A market trading day

Jul 27th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
Today was a market trading day. For new and developing traders this is a very difficult trading day to master. Normally we focus on one or two stocks that are best for us and find set ups that make sense for us. On a day like today, a market trading day, you want to apply a different technique. Let's discuss. The market showed us her weakness below 132 SPY. Congress still has not resolved the debt ceiling issue, which brings that dreaded uncertainty to Mother Market. The market can punish uncertainty. Quickly if Congress does not resolve the debt ceiling issue almost all economists predict an economic calamity. Those Read more [...]