Steven Spencer (Steve’s) Blogs

The Double Reversal Purple Nurple–$SPY

Dec 16th, 2014 | By | Category: Steven Spencer (Steve's) Blogs
Today's market action presented some interesting twists and turns. Around 6AM the SPY got hammered about $3. By the time I turned on my platform we had already bounced around $1. I sold about 25% of my positions and got ready to head for the office. My gut told me that it was OK to sell some stock "in the hole" as global fears were really starting to heat up and this could be a day "there was no bounce". By the time I arrived at the office we were slightly higher but still well in negative territory. After the market Open at 9:30AM prices in my positions stabilized and a few went green before the market went positive. I decided Read more [...]


Market Trades

Dec 12th, 2014 | By | Category: Free Daily Trading Video, Steven Spencer (Steve's) Blogs, Trading Theory
Steve walks you through his thought process on why and how he makes market trades via ETFs. Identifying good entry points can put you in a position of strength for a an intra-day or swing trade. Enjoy the video! Steve Spencer is currently long SPY, IWM, AAPL, P and short VXX Read more [...]


Trading a Secondary

Dec 5th, 2014 | By | Category: Free Daily Trading Video, Steven Spencer (Steve's) Blogs, Trading Theory
In this trading lesson Steve discusses trading secondaries. A secondary occurs when company insiders sell shares generally priced below where the stock has recently been trading to entice institutional investors to purchase. $CDW recently sold 15 million shares at a 3.2% discount which set up for a great trade. Enjoy the video! no relevant postions   Read more [...]


Selling the News in a Strong Stock (video)

Nov 14th, 2014 | By | Category: Free Daily Trading Video, Steven Spencer (Steve's) Blogs, Trading Theory

Last week in our AM Meeting I outlined a classic short term trading setups often referred to as “Sell The News”.

10daybannerno relevant postions

 



Expanding Volatility– $SPY $VXX

Oct 20th, 2014 | By | Category: Steven Spencer (Steve's) Blogs
I share some thoughts on trading adjustments we make in a market with expanding volatility. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com. no relevant positions Read more [...]


Top Calling is A Game For Losers

Oct 19th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
It is extremely difficult to identify a top in an up trending market, however a very useful and profitable exercise for traders is to identify conditions that may lead to a market pull back. So whereas the typical "top caller" invited to opine on CNBC has no idea whether the market is at a top professional traders focused on price action, sentiment, and the markets reaction to news will identify times when the market favors a pull back and profit. Take a look at the following chart. It shows price patterns in the SPY that were very similar prior to the start of a market pull back. The first circled area preceded the pull back Read more [...]


Market Overview– SPY TNA FAS– Let The Games Begin

Oct 10th, 2014 | By | Category: Steven Spencer (Steve's) Blogs
Steve gives his thoughts on where the market is heading. Why as short term traders we begin to focus on market ETFs such as SPY, TNA, FAS as intra-day volatility increases. no relevant positions Read more [...]


Trading Weekly Calls $TWTR

Oct 3rd, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading Ideas
In this short video, Steve discusses how he traded weekly call options in $TWTR. Enjoy the video. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com. no relevant positions Learn the skills necessary to identify and manage trades like these in our 10 week mentoring program. Click on banner below for details on next session in October 2014. Read more [...]


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