Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL. In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q’s should lead to 49.50. Breaking 116.72 … Read More
A Missed Opportunity
A quick note on an error I made this morning in our AM Meeting. We begin the meeting with an overview of the market and then discuss stocks with fresh news. During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. Stock number six on my list was MMR. … Read More
Morning Thoughts for October 18, 2010
Good morning traders, we have a quiet morning with the major indexes flat to up small premarket. Focusing on the SPY, the market is in a clear uptrend making higher lows and higher highs. Until this changes there is no reason fight the trend in the market. Intraday I am focusing of trading specific stocks in play as these are … Read More
Back From Vegas
Gman, myself and Bella are back from Vegas. Fun time with Q, Alphatrends and a bunch of traders from the Tickerville community. I broke my “no gambling” rule by throwing down $20 on the roulette table at the end of the night. But that was balanced out by the $250 in chips Gman found on the seat of the limo. … Read More
Another look at randomness
Another look at randomness in the market
SMB Trading Lesson of the Week – Combinatorial Explosion
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Combinatorial Explosion. You can watch here. We hope you enjoy! Don’t forget to follow us on Twitter!
Morning Thoughts on October 12, 2010
Good morning traders, Futures have us opening about .3% down. Well over their overnight lows. Bigger picture the market seems to be wedging up, a pattern that usually resolves itself to the downside. In the intermediate term if the market holds under SPY 115.20 we should expect to see a test of SPY113.20. On the upside SPY117.60 is the next … Read More
Traders Ask: Should I Have a Max Give-Back Rule?
Hey Bella, How is everything? I have a question for you. I have this one problem (amongst many others) that I am having a tough time overcoming. Whenever I make a few good trades on the open and I have a nice P&L for the day I sit there the rest of the day and force trades and give back … Read More