Archive for July 2015

Inside The Trading Vault – The ES_F

Jul 30th, 2015 | By | Category: General Comments, market structure, Technical Plays, Trading Ideas, Trading Lesson
Trading Vault Concept - "Trading charts profitably and with consistency depends on how well the trader understands the current market structure and relationships between buyers and sellers.  Once we understand these formations and structures, we become much more capable of creating our own consistent strategies that perform with a high degree of reliability and consistently."   Trading the ES_F overnight and into the morning for 7/30/15 and 7/31/15 The ES_F sits above an important decision price point of 2101.5 as we move into the early evening and there are signs of positive momentum showing, though the drift up is not Read more [...]

The Must Follow Podcast from StockTwits with Mike Bellafiore

Jul 29th, 2015 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs, Trading Lesson
Mike Bellafiore was interviewed on #TheMustFollowPodcast from Stocktwits by Sean McLaughlin. To subscribe to #TheMustFollowPodcast go here or get them on iTunes. Below is an excerpt written by @ChicagoSean about this #MUSTLISTEN trading podcast with our own Mike Bellafiore. Mike Bellafiore: Trading as a Performance Sport To be the best, you’ve got to train like the best. We know this to be true in sports, and today’s guest on The Must Follow podcast believes this to be equally true in the trading arena, as he considers trading to be one of the most competitive performance sports there is. Meet @MikeBellafiore, Read more [...]

One Mistake Your Broker is Glad You’re Making

Jul 29th, 2015 | By | Category: SMB Options, Trading Ideas, Trading Lesson
A common mistake that new and developing traders make in the options market is to trade strategies that involve high commissions relative to the earning potential. We often see newer options traders applying great options strategies to the wrong instruments. Option trading strategies that involve frequent management to control risk can be commission intensive. This is especially true if you’re using a multiple strike trade such as a butterfly, iron condor, or iron butterfly. Many of the popular options trading platforms that are available offer graphic analysis of options positions. Some also have an option that is not Read more [...]


Jul 28th, 2015 | By | Category: Steven Spencer (Steve's) Blogs
The after hours price action in TWTR was epic. The market had been anticipating a large move following its earnings release based on how pricey its options contracts were prior to the announcement. And TWTR certainly didn't disappoint. After closing the regular session at 36.50 it traded above 40 when its earnings were released. It beat on both top and bottom line and gave in line guidance for next quarter. As the stock has been hammered past six months it made sense it would trade higher if it reported reasonable numbers. As you can see from the chart below after the initial move to 40 it sold back down to 36.50 before grinding Read more [...]

Today’s Top 2 Trade Setups–AMZN & TEVA

Jul 27th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This morning we were setting up for a very busy day. In addition to the market continuing its slide from last week -- there were a multitude of In Play names and Second Day Plays from Friday. Our #1 'In Play' idea was related to TEVA which had agreed to purchase, in a mostly cash deal, the generics business of AGN. The deal is projected to be highly accretive to TEVA's earnings the next few years. Due to the deal's structure, there is no risk/arbitrage pressure on TEVA's stock. For these two reasons our focus was long. Written notes from meeting: The following price action:   At market close, TEVA made Read more [...]

Are you doing this with your trading/investing? (SMBU Daily Video)

Jul 27th, 2015 | By | Category: Free Daily Trading Video
In our SMBU Daily Video, learn how to make the most out of great trading opportunities. In this video from Mike Bellafiore, you will learn: What made $URI a great trend trade How we traded $URI The importance of trade review How you can capture the next opportunity like the $URI trade We hope this video helps you improve your trading skills. - SMBU Team * no relevant positions Read more [...]

Study Price Action & Stop Being A Silly Troll

Jul 25th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson, Trading Theory
Back in April I tweeted a picture of a SPY chart that I thought was rather instructive. Here is the chart: A few things we can take away. The first is that the SPY 204.30 had been tested in February and then again in March. The bounce in March was very fast moving from the low to SPY 211 in four trading days. Often, when a market moves very quickly from a low to a high that move is unsustainable and we will have a re-test of the low. The SPY in fact did drop very quickly back to the low in late March before taking several weeks to climb its way back to 211. This second move to 211 was slow and steady with many market Read more [...]

Waves and Candle Retracements (SMBU Daily Video)

Jul 24th, 2015 | By | Category: Free Daily Trading Video
In our SMBU Daily Video, learn more about wave and candle stick retracement. In this video from Anne Marie Baiynd, you will learn: Market waves produce certain types of energy When market patterns are about to shift Why you should be trading in the direction of the trend. We hope this video helps you improve your trading skills. - SMBU Team * no relevant positions Read more [...]