AM Idea – April 3rd 2012

Disclosure:Short $ARNA Long: $AMZN To watch these morning ideas live through SMB Real Time, sign up below Try all our trading tools for 2 months *SMB Radar not included Please follow and like us:

AM Meeting Summary

CHK–Support 48/48.30 Resistance 49.60. FNM–Support 11.80 Resistance 12.60. XTO–Resistance 49.20 Support 48.  WDC–Support 30. WFR–Support 42 Resistance 44. QCOM–Support 51.70 Resistance 54. WM–Big Seller at 4.04 yesterday. Followup (11:15AM): When FNM failed to break above 12.60 we shorted and covered in front of the 11.80 support.  When the support dropped we traded it on the short side again for another … Read More