Posts Tagged ‘ AMZN ’

Today’s Top 2 Trade Setups–AMZN & TEVA

Jul 27th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This morning we were setting up for a very busy day. In addition to the market continuing its slide from last week -- there were a multitude of In Play names and Second Day Plays from Friday. Our #1 'In Play' idea was related to TEVA which had agreed to purchase, in a mostly cash deal, the generics business of AGN. The deal is projected to be highly accretive to TEVA's earnings the next few years. Due to the deal's structure, there is no risk/arbitrage pressure on TEVA's stock. For these two reasons our focus was long. Written notes from meeting: The following price action:   At market close, TEVA made Read more [...]

AMZN Trade Prep From December 18th

Dec 19th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
Here is a snippet from December 18th 2012 AM Meeting where Steve Spencer discusses his thought process in AMZN. SMB has never believed in the idea of a "stock picking" service. Professional traders become profitable through building a variety of skills over a long period of time. However, listening to the thought process of a seasoned professional with 17 years of trading experience can be of great value to your development as a trader. At the end of each week Steve creates his popular "trade review" videos and you are welcome to request which ideas you want covered via Stocktwits or Twitter. Steven Spencer is the co-founder Read more [...]

Trade2Hold Exit- AMZN

Feb 1st, 2010 | By | Category: General Comments
Today during our AM meeting we highlighted AMZN and the 123 level as a shorting opportunity.  This turned out to be a wonderful intraday trading opportunity.   As intraday traders gravitate towards a longer holding period, for us Trades2Hold, set ups like AMZN must be mastered. AMZN had earnings Thursday night, gapped up on Friday, and then sold off for most of the day.  So coming into today a follow through on weakness was very possible.  AMZN gapped down today as news broke that led some market players to feel skittish about AAPL's ability to gain traction in the e-book market.   We saw below 123 as a Trade2Hold opportunity. AMZN Read more [...]

Black Friday Close

Nov 27th, 2009 | By | Category: General Comments

Into this Black Friday Close today we are paying special attention to some key levels in SPY:

110 is our biggest intraday level.

below 109.75 I will lean short.

We are watching the market leaders: AAPL (winner Best Intraday Stock for today), AMZN, GS, POT, JPM.  And now we just started watching SEED as a momentum stock (above 11.31 is a buy signal intraday).

We will keep our ears open for any updates on the Dubai debt.

The volume is light.  But there will be some opportunities and we are in our seats waiting to pounce.  Best of luck into the Close!


Jul 25th, 2009 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
HFT (high frequency trading) has dominated the financial media of late. [email protected], Charlie Gasparino and CNBC, the StockTwits nation, @steenbab, GMan from @smbcapital, and many other talented bloggers have all weighed in.  And then came Senator Schumer: (from Bloomberg courtesy of @zerohedge):  Senator Charles Schumer asked the U.S. Securities and Exchange Commission to ban “flash orders,” saying the transactions give high-speed traders an unfair advantage over other investors. Wow! For all those heavily invested in adjustments to HFT you cannot ask for a more powerful person to enter the room.  You have gotten Read more [...]

Making the Adjustment

Mar 10th, 2009 | By | Category: General Comments
As traders we are constantly asked to make adjustments as the market changes. One of the questions I am asked most frequently by potential recruits for our desk is "how has the market affected the trading system that we teach?" My  response is that we teach the same system we have been using for more than a decade. Our system contains a variety of trading plays that work under a myriad of market conditions. This is true because the system that we have created  focuses on the stocks that are most In Play each trading day. As broader market trends change we may place more emphasis on specific trading plays and trading skills that Read more [...]


Feb 4th, 2009 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Theory
About 18 months after we created SMB I remarked to Mike that one of our key advantages over other trading desks was a trading philosophy that is not broadly shared amongst our peers.  The focus of our desk is to trade things that are In Play.  We have a set of criteria used to find these stocks before the market Open.  We have an AM Meeting to discuss the potential trading patterns that each In Play stock may have.  Our focus is not a particular basket of stocks.  We aren't solely reliant on "stock filters".  We have developed a proprietary system to trade stocks that are In Play.  This list of stocks is updated on a rolling Read more [...]

Making Money IN AMZN

Jan 29th, 2009 | By | Category: General Comments, Trading Theory
So I ran out of the office after the Close to grab a couple of slices of pizza.  By the time I got back AMZN was trading up 5 points.  About six traders on the desk were actively trading it in the after hours.  I quickly gathered some information from those who had been watching it.  There was selling at 55 and 55.10.  We were all going to get long above 55.10.  When the seller lifted AMZN traded up fairly easily to 56. I find trading in the after hours somewhat easier than market hours if a stock is truly In Play.  There are only a few patterns that take place in the after hours based on an earnings report and there are Read more [...]