One That Got Away

sspencerSteven Spencer (Steve's) Blogs, Trading TheoryLeave a Comment

RIMM has been my favorite trading stock for the past year or so.  I have blogged about trading it a few times already.  On Friday it presented a phenomenal trading setup.  A setup that I believe works over 70% of the time and offers a risk to reward of greater than 10:1.  This setup does not occur that often but … Read More

What Gets Us Short

BellaMike Bellafiore's (Bella's) Blogs4 Comments

There is nothing that I have seen as I write to indicate that the market will next trade lower. Nothing. The market is an uptrend. WFC, GS, IBM, APPL, RIMM are leading the way. SPY finished near its high into the Close. There was old school buying into the close in WFC, the bids would not drop and continually stepped … Read More