Netflix is the new Amazon. What does this mean? It means for the foreseeable future hedge funds will step in and buy this name on every large dip and it will continue to have huge breakouts after periods of consolidation. Why is this the case? In the case of AMZN it got enough large players in the market to buy … Read More
Mike Bellafiore Goes to Singapore as a Phillip iFest Mentor
Well-renowned trader and author, Mike Bellafiore, will be in Singapore for one weekend only to share his trading methods at the Phillip Investment Festival (iFest) 2013. Bellafiore is the author of the “trading classic” One Good Trade, and co-founder of SMB Capital, a proprietary trading firm in New York City. Bellafiore is also the co-founder of SMBU, an educational company that … Read More
Forex Trading: How do You Stay on Track?
Before I get into the lesson I just want to mention that I now have a book deal and am in the process of writing a book about forex trading. I invite you to help me write a book that will offer a great deal of value by giving me feedback here. This is your chance to contribute. I work … Read More
Bad Luck Boeing?
On Friday the news hit of a fire on a Boeing 787. Yes, that same plane that BA was forced to take out of service because of lithium battery fires during flight. I don’t know about you but I prefer my flights without fires on board. BA tweaked and fixed the battery issue and the 787s were back in flight. … Read More
Webinar: Create a System to Trade Breakouts with Steve Spencer
Join SMB partner Steven Spencer on Thursday, July 18 at 4:30pm ET for a discussion on short-term breakout trading. He will cover recent trades in NFLX and DDD and help you to gain a better understanding of which setups are more likely to work. If you would like to know more about the breakout setups Steve will be covering in … Read More
The 3PM Bull Basket
I was sitting on our trading desk looking at SPY this Friday. I felt a very strange sense of déjà vu that it was 1998, the year I was relative strength trading semi-conductor stocks, and MSFT, INTL, DELL. This was before the Internet Boom but when these sectors were red hot. At 3PM we would add to our strongest-acting stocks … Read More
Mastering Breakouts: Do You Have a System to Identify and Trade Breakouts?
I read a statistic several years ago that the majority of what traders call “breakouts” fail. For this very reason there are algorithmic trading programs that fade breakouts. And there are some manual traders who love to fade all breakouts as well. There are many others who like to load up in the direction of the breakout 100% of the … Read More
Real Companies Get Bought When They Gap Down… Except for UPS
If you sit near me on our trading desk you have heard me say, “In a strong market real companies get bought.” What I mean is when a real company gaps down, in a strong market, it is likely to find a big buyer and find a way to trade higher. But then there was UPS on Friday. This was … Read More