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Home Posts CREE

$CREE Went Down & $NTAP Went Up

sspencer08/24/2013General Comments, Steven Spencer (Steve's) Blogs, Trading LessonLeave a Comment

Following their respective earnings releases $CREE and $NTAP both gapped lower. Yet during our morning meeting I discussed trading $CREE on the short side and $NTAP on the long side. What was different about their price action that caused me to focus on a particular bias? If you look at the longer term charts below they seem fairly similar yet … Read More

CREE, 48.60 and How You Find the Most Important Level

Bella10/20/2010Mike Bellafiore's (Bella's) Blogs2 Comments

After the close yesterday CREE reported.  Immediately CREE traded lower from 53ish to 47.50.  But there was a level more important than all others.  I tweeted it.  Twice!  And it was the level of all levels. Besides cherry picking an example to pump myself up 🙂 how do you find this most important level?  Mike don’t I just look on … Read More

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