Trade on the Open: MCD

BellaMike Bellafiore's (Bella's) Blogs3 Comments

We teach our desk not to fade weak stocks.  But there are plays on the Open that look like the stock is weak.  Actually they are not.  And these plays are given the green light to fade.  We had such a setup in MCD on the Open.  Let’s discuss. MCD opened near 58.33, could not hold and traded lower.  MCD … Read More

The Week That Was: June 1 – 7, 2009

GualbertoGeneral CommentsLeave a Comment

The SPY traded in a pretty tight range this week, not trading much below 93 or above 95.50.  Again, we were looking for that catalyst to push us one way or the other, and I thought we were going to get it Friday morning with the much better than expected non-farm payroll number.  We’ll see this week if Friday’s weakness … Read More

What Would you Do?

gmanGilbert Mendez's (Gman's) Blogs10 Comments

Today our best morning idea was to play $VLO off the $18 secondary offering price. From the daily chart you can see that the stock had just came off about 20% in the last 2 days and figured the underwriters of the offering would help support the beaten up stock down at this level. The play was to buy at … Read More

TIVO- Remember Me?

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

One of the great things about being a trader is you get to trade whatever you want whenever you want.   I haven’t touched TIVO in years.  Honestly I cannot remember the last time I traded it. Why would I want to?  What is it’s intraday daily range?  Ten cents?  But I did today.  And it offered a few great … Read More