We know there are several factors that go into pricing a company’s stock on any given day. Sure a company’s cash flow and future prospects should have everything to do with a company’s stock price- but we know...
Read MoreBy: Mike Bellafioreof SMB Training Hi Mike, I seem to recall you mentioning that one way to catch opening drives is by watching the first ticks of the stock when it opens. My question is: do you trade the first ticks of a stock...
Read MoreWith the market dropping fast and fear rampant over the past couple weeks, gold has continued to be a safe haven, making new all-time highs. Central banks, especially China, who are losing confidence in global currencies,...
Read MoreSPX was already at the 61% percent retracement by the open 1146. Indices stopped there for about 15 minutes then blew through 1137, the 50% rally zone, within 40 minutes. This is very tough action, often driven by news and...
Read MoreBy: Ben Erichsen and the Newzblitz Team The market is taking a breather here after it’s manic dash into the close yesterday, with all major indices poised for a lower opening. Unlike in “normal”...
Read MoreBy: Mike Bellafiore of SMB Training A frustrated new trader stepped into my office to discuss a few specific trades from yesterday. He got wicked out of a good short in CVC and a few longs in C into the close. He was looking for...
Read MoreBy: Mike Bellafiore of SMB Training I received this email from an improving new trader. It it a terrific anecdote on two lessons learned by a developing trader making progress… Bella, I just wanted to send a quick note to...
Read MoreAfter a 17-20% move off the highs for most indices that market finally had a big reversal day yesterday. This morning it appears we are set for a down open as we digest yesterday’s big swing. A technical outside day where...
Read MoreBy: Ben Erichsen and the Newzblitz Team Quite a day in the markets. It was very clean, technically speaking, but ferociously fast at times. C’est la guerre in an automated universe. The SPY gapped up slightly below the 38%...
Read MoreBack on July 27th when the S&P’s broke their 50-day moving average I stated we had enough technical damage to go to cash and sell macro longs. On July 28th Investor’s Business Daily put the Big Picture in...
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