SMB Morning Rundown for November 23, 2009

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Today, the Market appears set to open higher after comments over the weekend from Chicago Fed Evans that interest rates will probably remain near zero into 2010. The weakness in the dollar is helping push gold to new highs, and also the catalyst for the strength in other commodities. The levels we are watching in the SPY are 110.50 (inflection) … Read More

SMB Morning Rundown for November 20, 2009

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Today, the Market appears set to open lower, continuing the weakness from yesterday. Overseas markets were down, adding to the pre-market weakness in the US. Commodities are also weighing on the Market due to strength in the dollar. The levels we are watching in the SPY are 109.60 for resistance on the upside and 108.80 for support on the downside. … Read More

Catching the Opening Drive

DovDov Quint (Dov's) Blogs2 Comments

Trading the open is a high risk/ high reward game. The moves can be bigger and quicker, but if you are on the wrong side, the rip can really hurt. Whereas patience and conviction payoff on longer term trades, aggressiveness and flexibility are the skills that help short term traders capitalize on the volatility right on the open. Yesterday AM, … Read More

Pamela Anderson Could Make This Trade

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I was involved in quite a few stocks this morning.  Alerts were popping up left and right as the market was selling off.  Part of my job as a trader is to quickly decide if an alert is important enough for me to stop watching my primary trading stock.  At 9:51AM I received an alert that FCX had touched 82.54.  … Read More