The Week That Was: June 1 – 7, 2009

GualbertoGeneral CommentsLeave a Comment

The SPY traded in a pretty tight range this week, not trading much below 93 or above 95.50.  Again, we were looking for that catalyst to push us one way or the other, and I thought we were going to get it Friday morning with the much better than expected non-farm payroll number.  We’ll see this week if Friday’s weakness … Read More

TIVO- Remember Me?

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

One of the great things about being a trader is you get to trade whatever you want whenever you want.   I haven’t touched TIVO in years.  Honestly I cannot remember the last time I traded it. Why would I want to?  What is it’s intraday daily range?  Ten cents?  But I did today.  And it offered a few great … Read More

Don’t Overthink the Market

BellaMike Bellafiore's (Bella's) Blogs13 Comments

Saw a lot of tweets about whether the market could trade higher this afternoon.  Chirp!   There were the call outs that volume was light.  Chirp!  Some pointed at the financials not rallying. Chirp! Others highlighted the weakness in V, MA, JPM, etc.   I have to share a funny story.  One of the smartest guys we have traded with … Read More

Fundamentals

BellaMike Bellafiore's (Bella's) Blogs4 Comments

Trading is not just about reading charts, or reading the tape.  We also must understand the market’s and a stock’s  fundamentals.  We are not fundamental traders but we use fundamentals to help us increase our win rate.  For the intraday trader we use fundamentals very specifically.  Let’s discuss. We used fundamentals to help us profit in JCG yesterday.  Yesterday JCG … Read More