Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.40 (res) and 111.90(sup) Below 111.90, the next support level is 111.50. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is STEC. We are watching the 15.50 and 16.00 … Read More
Learning How Not to Lose Money
With my post nasal drip cough I tucked myself into my trading station ready to perform. AST who sits to my left was interested in RHT. I didn’t have a stock(s) I needed to trade, so I traded his. RHT on the Open was a lesson in how not to lose money. 1) RHT first moved higher after its gap … Read More
SMB Morning Rundown for December 23, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. … Read More
Trade2Hold
As a trader our quest is to make trading opportunities our own. We are all different. We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. But it is up to find these best ones for us. Today … Read More
SMB Morning Rundown for December 22, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.30(sup) and 111.70(res). Above 111.70, the next resistance level is around 112. Below 111.30, the next support level is 110.75. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CTXS close to 40. Targets: 41.25. … Read More
Congratulations Xanthus Capital Management
SMB is very proud to announce that two of our traders have started their own fund: Xanthus Capital Management. While Connor and G will be missed, we are very excited for them. And since they live around the corner from our new office, I am sure we will still see plenty of them. G has never had a bad day … Read More
SMB Morning Rundown for December 21, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25(sup) and 111.30(res). Above 111.30, the next resistance level is around 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CRM close to 67. Targets: 70, 71. … Read More
Afterhours and Premarket Information
It was a long day yesterday for me with all things partner on my calendar. One meeting meshed into another. A new meeting overlapped a planned one, which followed a new new one, followed by another planned one. You get my point. I was ready to start yet another meeting with the peeps who help us run SMB Training and … Read More