Mike, A few nights ago I watched Alex Rodriguez pound two homers against Boston. As I watched, Alex was calm, collected, and observing what was being thrown at him. I wonder whats going on in his head during those moments, when he’s just waiting for the pitcher to release the ball? “Absolutely nothing” I said. “Alex is just intently … Read More
SMB Morning Rundown – September 28, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
Morning Thoughts on September 28, 2010
Good morning traders. Futures up slightly overnight have us opening near the 114.40 level in the SPY. I am starting to see signs of some exhaustion among some of the leading stocks, particularly AAPL which gave back its gains and closed right above is 60 min trendline at 291. My major tell in the market is going to be how … Read More
Gap Study (2/3)
Part 2/3 of a series of posts showing one way to apply quantitative thinking to market problems.
Traders Ask- Where Do You Find All Those Levels?
I was away part of the week so as I kept half an eye on the football game this afternoon I used the other half to catch up on my archiving of the SMB blog. Turned out that being behind was a good thing because I was able to instantly walk forward and see how the analysis played out. … Read More
SMB Morning Rundown – September 27, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open
Morning Thoughts on September 27, 2010
Good morning traders. Market is gaping above the SPY 114.50 resistance which was a very important technical level last week. For today’s price action I am going to use the level as my pivot. I am going to be long above it and look to lighten up or get flat if the market starts to fail. I don’t really want … Read More
NKE: price action in an active stock post-earnings
Another look at price action in an in-play stock and deriving a bias from overnight market structure