Trade Review–WMT HD SPY

The top In Play names this morning: WMT was my focus as the lowering of FY19 guidance was potentially a very strong catalyst. Early indications from pre-market trading were many traders were attempting to dump the stock ahead larger selling that would come after the opening bell. You can see my discussion of WMT in the AM Meeting here. With … Read More

Why I Game Plan Every Day

Every morning when I arrive at SMB’s office in midtown Manhattan I have a pre-market routine. The routine serves two purposes: 1) To get me in the proper frame of mind to attack the markets and 2) Ensure that I’m in the best risk/reward stocks and setups. Here is a brief outline of my pre-market process: Login to trading platform … Read More

SNAP Cracked

SNAP was our #1 In Play stock last Wednesday. Tuesday, after the market closed they reported earnings below expectations and gave weak guidance. The stock was battered dropping from 15 to 12 in after hours trading. But then at 6AM Wednesday it was reported that a Chinese internet company had purchased a large stake. So what initially appeared as a relatively … Read More

Shorting A Garbage Stock

The market has been on a tear in 2017. On the rare occasion the market has a 1 or 2 percent pull back people are tripping over each other to buy! This environment leads to large runups in what I call “junk stocks”. They are low priced stocks, under $5, that have very small floats. The are easily manipulated because … Read More

The Earnings Fade

Each morning before the market opens we review stocks that have fresh news catalysts. We call these stocks “In Play”. When a stock has what appears to be a positive catalyst and yet is trading lower in the pre-market we take notice. Sometimes a stock with a positive catalyst will be trading lower because it has recently run up prior … Read More

The Market Is Loosening Up

In this video I discuss how the character of the market has recently changed and how short term traders can capitalize by trading market ETFs such as SPY and futures contracts. no relevant positions Find out how you can get these ideas each morning and listen to our desk trade live below Please follow and like us:

How To Trade Large Gaps

In the following video I explain the process I use to develop initial bias and price targets in stocks that are gapping higher in the pre-market based on a catalyst. Also, below links to our live AM Meeting where I discussed each stock as our #1 In Play trading idea. The AM Meeting videos can give you a sense of … Read More