Why do you trade?

smbcapitalGeneral Comments4 Comments

Why do you trade? I ask this question to myself constantly. There are many reasons. I think you have to ask yourself this before you set goals, while you are setting new ones and while you are trying to accomplish previously set goals. Let me tell you how I set my goals. I look at my trading career as a … Read More

IBM Pattern

BellaMike Bellafiore's (Bella's) Blogs6 Comments

I did not identify the pattern in IBM today until near the Close.   This soured my trading results.  The pattern in IBM today was to create a support level, hold that level with significant volume, trade higher from this support level, then drop, hold a level lower, and then explosively trade higher.  Basically IBM would not explode higher until … Read More

Silly Mentality

gmanGilbert Mendez's (Gman's) Blogs7 Comments

For the past week or so we have been on the look out for the turn on the market. We are currently a bit overbought and it seems that the turn could have started today. We had a very nice steady sell off and based on the price action we could tank tomorrow. If the SPYs start to hold above … Read More

28 Days Later

sspencerSteven Spencer (Steve's) Blogs, Trading TheoryLeave a Comment

Today I saw strong evidence that the recent market rally has come to an end.  Today was the 28th trading day since the Reversal Day which established the five week run we have seen in the market.  I like to jokingly refer to the rally as the “Obama rally” as the constant bashing of Obama on CNBC seemed to coincide … Read More

Some Interesting Links From the Past Week

GualbertoGeneral Comments3 Comments

From the people who brought you FAZ and FAS, Direxion, has launched triple T-bond ETF’s.  It’s currently very thinly traded, but so were FAZ/FAS when they first started.  I think these will become increasing more liquid, and will provide equity traders with an opportunity to trade bonds for volatility swings on the release of economic numbers and Fed meetings.  Definitely … Read More

Relative Weakness- HOG

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Relative Strength is a trade taught on most desks.  When you notice the market is weak and a stock cannot go down, this shows relative strength.  Conversely when the market is strong and a stock cannot go up, then we conclude it is weak.  Today we saw a relative strength play in HOG.  Let’s discuss. After 12PM SPY was strong. … Read More