Relative Weakness- HOG

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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

Loading Up

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs1 Comment

One of our better traders stopped into my office today to discuss WFR.  He was curious where I started buying into its upmove on in the AM.  The conversation shifted to loading up in WFC.  We discussed good places to load up in WFC on Thursday.  Let’s discuss. Developing traders often assume that the best place to load up on … Read More

Weekend Warrior

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Your results on Monday will be influenced by the work that you do this weekend. Before we broke for the weekend we met with our desk. And we offered some constructive exercises for their weekend. Be a weekend warrior. Let’s discuss. During the holiday weekend you should perform visualization exercises. What are your mental weaknesses as a trader? Work on … Read More

Amen Corner

BellaMike Bellafiore's (Bella's) Blogs2 Comments

Amen Corner often offers the most exciting holes of golf at the Masters.  Today 18.25 in WFC was our Amen Corner for WFC.  There was an easy short below this level when WFC was in an intraday downtrend.  There was an easy long when WFC held above this level when WFC was in an intraday uptrend.  Let’s discuss.  First let … Read More