The SMB SuperChop

BellaMike Bellafiore's (Bella's) Blogs2 Comments

47.50 is a huge level in LVS.  On the Open it traded below there.  I hit the bids.  LVS found 45.60.  Were you prepared to make a SuperChop? CELG announced new disappointing news about a drug.  It gapped down, showed weakness on the open and dropped like a falling knife.  Did you make a superchop? If DECK breaks its longerterm … Read More

In a Market of Volatility Hidden

BellaMike Bellafiore's (Bella's) Blogs1 Comment

Yesterday I was a panelist at High Frequency Trading World USA 2010 in NYC where we discussed HFTs effect on market volatility.  Some are concerned that a market overly volatile will scare investors from participating in the market.  Since HFTs are our modern middle men, perhaps market maker rules should be considered for them.  This is an idea worth exploring but will not change … Read More

Morning thoughts 12/8/10

AdamGeneral CommentsLeave a Comment

Good morning traders. As I wrote in my morning note for Waverly Advisors: “Though yesterday’s price action in the US Equities markets does not appear to be constructive for the bulls, it is important to consider the context of this move. The S&P 500 (chart above) shows what appears to be a classic failure above resistance, but smaller market cap … Read More