Archive for June 2011

So Simple Yet Missed By So Many

Jun 30th, 2011 | By | Category: Fundamental Plays, General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down with the rest of the Chinese stocks. It finally started to move sideways and then had a clear break to the upside on Tuesday. It broke out from 32.50 and had a monster move to 37.50. Yesterday it trended all the way back down to 32.60 before bouncing 1.5 points into the close. Today it dropped like a rock to 32.62 and then reversed Read more [...]


Trading Thought of the Day

Jun 30th, 2011 | By | Category: General Comments



SMB Radar Update

Jun 30th, 2011 | By | Category: General Comments
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge how weak it can really be (Bright Red to Dark Blue). Top 5 Strong: $NTAP $UTX $IR $SPRD $XLNX Top 5 Weak: $FDO $V $ZAGG $AL $MA Click here for a 14 day trial of the live Radar we use on our floor. Read more [...]


Options Tribe Monthly Income Strategy Presentation: Today at 5PM EDT

Jun 30th, 2011 | By | Category: General Comments
Thursday, June 30, 2011 5:00 pm Eastern Daylight time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide.  Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. The previously scheduled LiveVol presentation has been moved to next week's Options Tribe meeting.  This week,  we'll present a unique approach to monthly butterfly trades. Register for this FREE Webinar : Here Read more [...]


SMB Morning Rundown – June 30, 2011

Jun 30th, 2011 | By | Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open. Read more [...]


Trading Thought of the Day

Jun 29th, 2011 | By | Category: General Comments



SMB Morning Rundown – June 29, 2011

Jun 29th, 2011 | By | Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open. Read more [...]


Market View Updated

Jun 28th, 2011 | By | Category: Steven Spencer (Steve's) Blogs
Day 17 completed on the S&P 500 consolidation. I have updated the chart to reflect today's action and have a rough tabulation of the amount of time we have spent trading within each "zone". The most interesting thing about these 17 days is that we have only spent one full day between 128 and 129. The rest of the time is either spent below 128 or above 129. I could make arguments for a break in either direction. Let's see what happens tomorrow. Read more [...]