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.
FCX: One way to catch a top
AdamG_SMB shows one way to catch the turn in a strongly trending stock.
Traders Ask: Was I a Wuss?
Hey Mike And Steve, I had a question for you guys about risk and how you guys manage it psychologically. For some reason, when trading on my Lightspeed Platform, my risk tolerance shrinks, and I punch out of stocks way to early or cannot sit through pullbacks when a stock goes negative on me. I get nervous it will just fall out of … Read More
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
SMB Morning Rundown – November 30, 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 November 30, 2010
Good morning traders, morning thoughts today from Adam Grimes at The Macro Report Equities: The US Equities markets opened near support (1,175 S&P Cash), but immediately found a bid and traded up to close near the high of the session. Though, officially, yesterday’s action will stand as downward closes in the major indexes, buyers were truly in control for most … Read More
Follow The Leader
As many of you know, I have been watching FCX as a market tell for some time now. Its’ chart is permanently on my screens as it has been an increasingly important market leader in the past few weeks. Going into today’s session I was watching FCX 96 and SPY 117.60 as my lines in the sand for the market. … Read More