It’s the Price Action Stupid!

BellaMike Bellafiore's (Bella's) Blogs2 Comments

Borrowing phraseology from the Ragin Cajun and former advisor to President Clinton, James Carville: it’s the price action stupid! Why is the market going up with unemployment so high, consumer debt outrageous, an environment where taxes must go higher, energy 5xs the norm, housing still depressed, access to credit stunted, expensive war expenditures, the Greece failure, a weak dollar, and … Read More

Banging In and Out of Stocks

BellaGeneral Comments16 Comments

As a desk we have transitioned into focusing on Trades2Hold due to different market conditions. Scalping has diminished. C trades deemphasized. We wait for our best set ups and execute. But then Obama entered the arena looking for a fight with the Banks. Things got ugly. And as traders we need to adjust again. Back in the Fall of 08 … Read More

Bottom in Place?

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

This last week was out of control. I wish there was a better way to describe it. The volatility seen in the financials, specifically GS and MS was just absolutely silly. I remember I jokingly said on our morning meeting last Monday that GS could go as low as $80 and MS to $10 (they were trading at $140 and … Read More