We have written many times about the importance of reviewing charts each night for a variety of reasons. One such reason is to spot patterns that seem to be most prevalent during a particular market period. Since earnings season began a few weeks ago I was noticing that quite a few stocks that were trending down in the morning were … Read More
Traders Ask: Trading Streaks and Trends
Mike, I have an interesting topic today. It’s about trading streaks and trends. One week ago, I sent you a question about the importance of trading stocks in play. After I received your response, I made some adjustments to my trading. Since then, I’ve outperformed with five consecutive $1,000+ days. This is a new level for me, and I’m very grateful … Read More
A Little Thing That Has Made a Big Difference
A simple change that has greatly improved my profitability in trading trends.
Entering Higher May Be a Better Long for Size (HIG)
HIG was In Play. 25 was an important level on our long term charts. And HIG found 25. You had a decision that extenuates trading in the HFT era. Do you load up right when HIG gets above 25 or higher after it has clearly holds above this important technical level? One of our guys was All In right when HIG paraded … Read More
SFO Webinar with Bella on November 4, 2010
Mike Bellafiore to present a free webinar with SFO Magazine.
Morning thoughts for November 3, 2010
Good morning traders. SPYs trading up premarket near the rally highs. I am not getting excited about chasing the market at these prices as recent highs in the market have seen profit taking. I have also started to note that the rally is beginning to narrow, as individual stocks as a whole are starting to follow the movement in the … Read More
SMB Morning Rundown – November 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.
Asian Session- Pre London FX Thoughts
I sit here in my living room watching the news about the election results and I can’t wait for the volatility ahead of us in the next 24 hours. Technically things appear to point for a lower dollar as seen in the chart. The weekly time frame shows signs of a messy consolidation-indecisive action with a wide range, the hourly … Read More