Good morning traders. Big trend day up yesterday saw us close at rally highs. Typically the first half of the session after a trend day tends to be consolidation as the previous move is digested. Holding above 116.45 SPY should see some follow-through to the upside. I will be watching GS and XLF (which are finally starting to show some … Read More
SMB Morning Rundown – October 6, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
What A Difference A Day Can Make
After a pretty hard down move in the SPY’s yesterday we gapped up today and never looked back. Today’s action reminded me a bit of September 24th when we gapped above 113.60 SPY and never looked back either. On September 23rd there had been some vicious selling but we held the 112 support area. Yesterday we held 113.20. As Brian … Read More
Adam’s Rules
Sometimes it is necessary to state the obvious…
One Good Trade in SFO Magazine
SFO Magazine featured Mike Bellafiore’s One Good Trade in its latest October issue. You can find the October issue of SFO here and the review of One Good Trade on page 88. Also, be sure to sign up for a free SFO webinar titled, “Adapt: The Market Doesn’t Care What you Want it To Do” with Bella on Thursday, November … Read More
SMB Morning Rundown – October 5, 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 on October 5, 2010
Good morning traders. Market continues to trade in the range I have been highlighting over the past few sessions. I am not really expecting a major break until the start of earning season when the market has some fresh catalysts. In terms of my trading strategy I am have been focusing on inlay stocks as these are the most likely … Read More
Critical Feedback: ACN
I would like to spend some time reviewing how ACN traded on Friday October 1st. The big picture in this stock was they had reported their earnings and raised guidance going forward. The initial reaction to the news was that it popped in the after hours on Thursday. The next morning it was trading above the previous day’s after hour … Read More