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
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