XLE Levels

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

The past two trading days there has been tremendous price action in XLE, crude, and related equities.  I am not an expert on energy but I do know that 80 and now 77 are very important levels for XLE.  Below 80 and 77 and you should look for weakness in the energy stocks.  Above 80 and 77 and you should look for strength.  Below … Read More

Profiting From Patterns

sspencerGeneral CommentsLeave a Comment

During our AM meeting our Desk gathers in our conference room to discuss the stocks that will be “In Play” for the day. I usually also throw in some tidbits about recent market patterns that may help our traders make some “easy” money. Easy money is usually found in one of our core trading plays that our trainees learn during … Read More

Hey, Just Relax and Trade

Mark McLeanGeneral Comments4 Comments

During the past few days we have seen noticeably increased volatility and movement in our markets. Days like this are what a day trader salivates for, because the money making opportunities are vast as money is pulled in and out of the market and stocks act somewhat erratically. During these times it is easy to get overly worked up because … Read More

Trading Slumps: Don’t Stop Believing

gmanGilbert Mendez's (Gman's) Blogs5 Comments

Recently one of our guys was struggling. His Luger’s fund (money donated by our desk for a celebratory meal at Peter Luger steakhouse http://www.peterluger.com/) jokingly(?) turned into Mike’s Survival fund as you can see from the picture. Trading slumps as they are usually known, happen to the best of us. To me it is just a psychological barrier that slowly … Read More

Feds Announce Plan For FRE and FNM

sspencerGeneral Comments, Steven Spencer (Steve's) BlogsLeave a Comment

News broke today on the bailout plan for Freddie Mac and Fannie Mae (http://www.nytimes.com/2008/07/14/washington/14fannieweb.html?hp) We saw a strong bounce in both stocks on Friday after Paulson stated that the federal government wasn’t interested in an outright takeover but would support both entities in their current form. The above article gives more detail on how the Bush administration intends to handle … Read More

Always Be Ready

GualbertoGeneral CommentsLeave a Comment

As indicated by previous posts, yesterday was a great day. Sometimes you don’t know when days like that are coming around. Sometimes you can tell. On Thursday night, my roomates asked me to go out drinking, but I declined because I had a feeling something could happen to the market on Friday. I know that when I’m hungover I don’t … Read More