Good morning traders. Market trading down premarket near support levels from Thursday and Friday. As long as the SPY is able to hold over 122 we should expect a serious attempt for a breakout of this trading range within the next few sessions. I will be watching FCX BIDU and AAPL as market tells. These stocks are all setup to … Read More
Morning Thoughts for December 3, 2010
Good morning traders. SPY trading lower in premarket near the middle of yesterday’s trading range. It is important to consider that the SPY has traded up about five points in the previous three sessions. Until this market proves otherwise I am looking at this down move in the market as consolidation. The bulls are firmly in control on any price … Read More
SMB Morning Rundown – December 3, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts for December 2, 2010
Morning thoughts today from Adam Grimes from the Macro report: For now, the situation is simple. If the market is able to hold these gains and hold above recent resistance (now potential support around 1,200 S&P Cash), then there is a very high probability that we will close the year on the highs. If not, and if we fall back … Read More
SMB Morning Rundown – December 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts for December 1, 2010
Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today’s session we have a large gap to the top of the two week range. I am going to be cautious … Read More
SMB Morning Rundown – December 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Scottsdale Trader Meetup
Join Mike Bellafiore and the Scottsdale Traders and Investors Meetup Group, the largest and longest surviving active traders group in the Phoenix area on December 14th. Mike will be speaking with the Traders on the following: The trading fundamentals of One Good Trade from inside One Good Trade. How our prop firm makes trading decisions based on Intraday Fundamentals, Technical … Read More