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Tag Archive

Home Posts reversal

The Double Reversal Purple Nurple–$SPY

sspencer12/16/2014Steven Spencer (Steve's) Blogs1 Comment

Today’s market action presented some interesting twists and turns. Around 6AM the SPY got hammered about $3. By the time I turned on my platform we had already bounced around $1. I sold about 25% of my positions and got ready to head for the office. My gut told me that it was OK to sell some stock “in the … Read More

Guest Blog: Intraday reversal trade

Adam01/29/2011Adam Grimes's blogs, Guest Blog, Trading Lesson10 Comments

A look at a developing trader’s reversal trade in NBL on 1/29/11

Traders Ask: When is a Market Overextended?

Adam12/12/2010Adam Grimes's blogs, General Comments, Traders Ask, Trading Theory1 Comment

Adam anwers a reader’s question about identifying overextended markets

An important market pattern

Adam08/28/2010Adam Grimes's blogs, General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Theory7 Comments

A high-probability trading pattern that offers good risk-reward with clear risk management points.

An Intraday Reversal (BP)

Bella06/17/2010General Comments, Mike Bellafiore's (Bella's) Blogs11 Comments

Tuesday night news hit that a government investigation determined that BP had been spilling closer to 60,000 barrels a day in the Gulf instead of the 35,000 previously thought. This same night President Obama delivered harsh words for BP during his presidential address. The news was very negative for BP heading into today’s session. I started a short position after … Read More

Not Convinced of a Reversal Yet

Bella10/26/2009Mike Bellafiore's (Bella's) Blogs21 Comments

We closed below an important technical level 1080 S&P 500.  I watch SPY and a close below 107.50 confirmed weakness.  I traded from the short side today in SOHU, COF, and FCX.   But I am not ready to lay into my shorts just yet.  Let’s discuss. Tomorrow I will pick some market stocks and look for opportunities to short … Read More

Need Some More Time Please

Bella08/17/2009General Comments, Mike Bellafiore's (Bella's) Blogs12 Comments

OK so we got some weakness with the market today.  Are we starting the leg down that most have been predicting since SPY 83 (oops!).  Was the news about back to school sales the catalyst?  China? Rising foreclosures?  The dollar?  Unemployment?  Government Debt?  Certainly the bears have a multitude of fundamental reasons to support their thesis for a downmove.  And … Read More

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