By: Mike Bellafiore Q: I have a question for you: Is conviction something you have to earn?? I know the question is almost rhetorical. But I listen to the older/experienced traders before, during and after the market on the...
Read MoreAM Action: (GLD), (SLV) Up on the overnight session and off highs after a better than expected ADP report (ILMN) Illumina Inc. 100 million repurchase Peet’s Coffee (PEET) Ttarget raised to $72 from $60 at Stifel...
Read MoreUS stock futures are slightly higher Wednesday as the market looks to work off some of its oversold condition. Markets have been down for 8 straight days now taking us to very-very oversold levels. The technical damage has been...
Read MoreBy: Ben Erichsen of Newzblitz.com And the beat, or should i say beating, goes on. After gapping down, the SPY was able to maintain an upward trajectory for all of 30 minutes before resuming its week-long slide. The selling...
Read MorePresident Obama signed the historic debt ceiling bill into law Tuesday, averting a potential crisis for the American and global economy. But somebody forgot to tell the stock market. Whether is be due to disapproval over the...
Read MoreThe Head & Shoulders Pattern triggered a few sessions back in the Homebuilders and the Industrials, and are leading this market lower. This is the first time I’ve seen the pattern work in a while. You...
Read MoreI sent this article “Will This Head and Shoulders Pattern be Different?” out last Thursday, which was when Investor’s Business Daily said it was time to be in “cash” and this pattern started...
Read MoreBy: Mike Bellafiore I know an excellent trader who underperformed today mainly trading PCS. He faded the weakest stock in the market and now sits frustrated, dejected and angry. Pass him on a desk and you would see his cheeks...
Read Moreby: Steven Spencer All traders deal with frustration. One of my biggest frustrations recently has been my inability to open positions in the pre-market because I am preparing or running the SMB AM meeting. I was watching setup...
Read MoreIt’s easy feeling good when your ideas are doing well, but it is just as important to feel your ideas gone bad. Ignoring a toothache is a bad idea. You want to avoid waking up in the middle of the night wishing you had...
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