Reversals, Reversals, Reversals

BellaGeneral CommentsLeave a Comment

Friday was a very difficult trading day because the market reversed so many times. Into the Close the market reversed four times. I usually get caught in one reversal a week. I got caught in eight yesterday. I would make a bunch of profitable trades and then a stock would reverse. I got caught in the SPY upmove midday from … Read More

Fear Establishes Bottoms

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs2 Comments

One thing that I realized a long time ago was that emotions/psychology are what determine prices of stocks in the short term.  The average stock on the NYSE fluctuates 50% in any given year.  Does anyone really believe that the fundamentals of each company gyrate to the extent necessary to justify that level of volatility? (maybe in this environment but … Read More

SMB in Trader Monthly

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs2 Comments

SMB is featured in Trader Monthly this issue. We hope you enjoy the article. There is a really nice full page picture of Steve and me in the hard copy of the magazine (but not online) for those who are interested. If you are trader the magazine is free. Check it out if you get a chance. http://www.traderdaily.com/magazine/article/24582.html

Holy guacamole..what a negative reaction

gmanGeneral Comments2 Comments

I must say I am extremely disappointing in the Fed for their silly attempt to prop up the stock market with a fed cut of 50bps this morning. I mean seriously, the entire street was expecting that. If they really wanted to create a very positive reaction they should have tried to catch the market by surprise. Here’s how you … Read More

Getting Caught

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

Yesterday after the Close SMB celebrated our outstanding month of September with some drinks, cigars and food (lots and lots of food).  Nothing against Queens but I am going to have to talk to CBA about choosing that locale.  It was a little far from Manhattan.  During our celebration I had an interesting discussion with a new trader (“Triple Threat”) who got caught in GS yesterday … Read More