SMB Morning Rundown for November 30, 2009

smbcapitalGeneral CommentsLeave a Comment

Today, the Market appears set to open virtually unchanged from the Close on Friday. The levels we are watching in the SPY today are 110.50 for resistance and 109.00 for support. If the SPY starts holding below 108.80, we expect a move down to 108.00. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More

Black Friday Close

BellaGeneral CommentsLeave a Comment

Into this Black Friday Close today we are paying special attention to some key levels in SPY: 110 is our biggest intraday level. below 109.75 I will lean short. We are watching the market leaders: AAPL (winner Best Intraday Stock for today), AMZN, GS, POT, JPM.  And now we just started watching SEED as a momentum stock (above 11.31 is … Read More

Morning Recap

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs3 Comments

Normally during a strong market we look for a bounce with such a large gap.  Circumstances are a little different this time as Asia has sold off hard for two days and we need to play catch up.  I’m still a buyer at key support outlined below.  Especially in the stocks that have been strongest recently such as AMZN, FCX, … Read More

Holiday Interruptus!

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs1 Comment

It looks like holiday interruptus for the traders at SMB.  The financial/real estate bubble that is better known as  Dubai has burst like a Macy’s Thanksgiving Day Parade balloon.  As I write this quick note the Hang Seng is down about 550 points but 200 points off its low.  The S&P futures are off 23 and the NAS 100 futures … Read More