SMB Morning Rundown

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Dec 16th, 2009 | By smbcapital | Category: General Comments

Today, the Market appears set to open higher. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). Above 112 we see upside to 112.40. Below 111.40, the next support level is 111.

Our best AM Idea for today, which we highlighted in our AM Meeting is buy ADBE if it holds above 36.60. Tgts: 37.20, 37.80.

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SMB Videos

SMB on StockTwitsTV

Earlier today, Steve appeared on StockTwitsTV to discuss the Market and the stocks in play for the day. Watch the clip below and feel free to leave your comments on this blog. SMB appears on StockTwits TV every Monday, Wednesday and Friday at 12:30pm EST so be sure to tune in! Don't forget to follow us on Twitter!
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Trades of The Week

SMB Trading Lesson of the Week – Rehearsing the Open Before the Open

Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Rehearsing the Open Before the Open. We hope you enjoy! Don't forget to follow us on Twitter!
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SMB in the News

GMan Makes Wall St. Cheat Sheet’s Top 3 Traders Under 30

A special congratulations to GMan for making the Top 3 Traders Under 30 for the Wall St. Cheat Sheet. After 8 months of due diligence, Wall St. Cheat Sheet selected only three elite traders who they feel standout within the trading community. GMan has proved his skills through the biggest equities crash since the Great Depression and was recently made Partner here at SMB. Expect great things from GMan in the future! Read the full story ...
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Trading Ideas

SMB Morning Rundown – September 8, 2010

Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.50 (resistance), 109.50 (support). Our best AM Idea for today, which we highlighted in our AM Meeting is to short BP below 38.20. Don’t forget to follow us on Twitter.
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Traders Ask

Traders Ask- What is the Proper Win Rate?

Dear Mike I am an avid follower of your blog and am completely sold on the idea of trading in-play stocks as a result of a greater likelihood of subsequent predictable intraday behaviour. I have a couple of quite specific questions on the consolidation play that is mentioned in several places on the blog. Context: Assume an in-play stock has run up considerably at the open on very high relative interday volume and has got some ...
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Technical Plays

A blast from the past: A note from myself in 2002…

I am on much-needed vacation this week, so I will not be blogging or trading. As you can probably tell from my posts, I have been doing a lot of thinking about how to keep improving my trading lately, and I have spent a lot of time going back through my old notes and early trading journals. In lieu of writing a blog post, I want to share something I wrote in late 2002 in ...
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Trading Theory

Trading Psychology

3 Pushes to end a trend: An important pattern illustrated in today’s market action

I tend to write from a more theoretical perspective in these blogs, but today's market action provides a few interesting lessons. By way of background, I have not been happy with my trading performance over the past few months. I am just not achieving the level of consistency in my intraday trading that I know is possible. In response to the frustration I have been feeling, I have scaled back both the size and scope ...
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Reading The Tape

First Ticks – Wrong Ticks

Sorry for not posting this past week, but I have been struggling with some thoughts and plans for this blog. I have a very ambitious plan that involves laying out a foundation for technical analysis, sharing the tools I have found useful over the years, and also showing how these can be used in real-time. However, I want to be sure that once I start this project, I can commit to carrying it ...
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Trader Development

I Love That!

During the AM Meeting I spent a few minutes discussing the importance of focusing on the "right stocks". The right stocks are one's that have the attention of a sufficient number of market participants to cause them to have powerful and clearly defined moves on many different time frames. Too often traders attempt to execute trades in every stock that they think has a good "technical" setup. I also mentioned a nice long setup in ...
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Fundamental Plays

Major Market Sectors and Money Flows

I thought I would kick off the month, and my blogging at SMB, with a look at major market sectors and money flows between those sectors. I will also share an analytical tool I have found useful when trying to understand sector strength and rotation. Though there are a few competing standards, the market is traditionally broken down into 10 major sectors: Energy, Basic Materials, Financials, Consumer Discretionary, Consumer Staples, Technology, Telecom, Utilities, Health ...
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