Mr Bellafiore, I must stop by to thank you for your amazing work on the SMB blog as well as the Stocktwits University shows. I have recently gotten into trading, replacing flying airplanes with AA to doing this full time (at least trying my best). Your visualization techniques are exactly what we do in the airline business on top of simulator … Read More
Morning thoughts for November 2, 2010
Good morning traders. Midterm election results are out later today and FOMC statement tomorrow. There are two main scenarios I am looking for today. The first and what would be the more usual, calls for a quiet trading day as the market waits for news. The second, less likely scenario would be a move to the upside in anticipation of … Read More
SMB Morning Rundown – November 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.
My Favorite Setup (CTSH)
Recently I have written about my favorite A set up for this market. I will discuss this in more detail Thursday during our webinar with SFO. We had another yesterday in CTSH. Let’s draw it up for you to give you another rep at an A set up that has been working in this market. The elements: 1. Fresh News: … Read More
You Should Know Which Sectors Are Driving
Tracking strength and weakness in individual sectors can give us an edge for broad market direction.
Traders Ask: The Intraday Scalp
Question: My question is how big a move do you typically look for on a fairly quick intraday scalp trade ? I know we take what the market gives and the skill is to know “when to hold em and when to fold em”..but I wonder what the mindset is. Example: watching LVS pull back to 46.70 today just before … Read More
SMB Morning Rundown – November 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.
Time To Pay For That Expensive Handbag
COH was one of the best trading opportunities last week. It is set up very nicely for another leg higher. The trigger buy is above 50.25. Add to the position if holding above 50.80. If this trade works you should be able to afford that dopey handbag your significant other has been bugging you to buy for her.