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 … Read More
Today’s Trading Highlights
Here are some quick highlights from today’s trading. In the AM meeting, Steve talked about the 208 resistance level that $SPY had failed to hold above numerous times. This was a level to be short from. With the overnight session looking calm and almost strong, this flew in the face of price action at the moment. The level held once again … Read More
What it Takes to Go Live at Our Firm
SMB receives approximately 5,000 applications each year to trade for the firm. As you can imagine, it’s nearly a full time job to sort through 400+ new applications each month. Of the thousands that apply each year, the net acquisition of new traders that go live with the firm is less than 50. That’s right… Less than 1% of applicants … Read More