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
Meet Mr. Catalyst (COF 42.30)
Not every moment is created equal during the trading day. I fought and grinded and fought some more in COF today. Some moments were more enjoyable than others. But there was one shining moment. One period of time that made all the difference. Meet 42.30. Say hello to the catalyst. It’s 10:45ish. My eyes are starting to twitch from … Read More
SMB in TheStreet.com – Western Digital Posts Banner Quarter
Mike Bellafiore, partner at SMB Capital, was cited today in an article on TheStreet.com about the weakness in WDC. You can read the full article here. Don’t forget to follow us on Twitter!
Reading the Tape: Gman Instructs Using A Real Trade (Video)
Gman, head trader at SMB Capital, shared some of his trading tape on Wall Street Cheat Sheet to show how he uses his tape reading skills to enter into positions and determine whether a stock is strong or weak.
Ready For A Break
After yesterday’s hard sell off into the close I was expecting some follow through to the downside. We did have some nice downside momentum this morning through the 108 level of the SPYs but by 11:00AM we were flat for the day and in consolidation mode. The price action was much different than last time we had a major down … Read More
Vegas Baby, Vegas!
The traders expo in Las Vegas is just another great excuse to visit Sin City and it is just around the corner (Nov 18-21st). We would like to continue adding value to your trading while there and we need another excuse to go have some fun. Rather than doing a booth setup advertising our training products we are interested in … Read More
Making Intraday Trading Decisions
I am frequently amazed at how many people think intraday trading is all about Reading the Tape. I am more amazed at meeting too many who believe trading is all about reading some pretty charts. And I am also surprised at how few intraday traders embrace intraday fundamentals. Well that is a lot to be surprised about. When I make … Read More
Most Aggressive
Good traders pick their spots. Some opportunities allow us to be more aggressive than others. When we spot one of these opportunities we pounce, like a baseball player who takes a healthy cut a 3 and 1 fastball. If we fail to pounce then in our journals we must detail this opportunity so the next time we do. During our … Read More
