Posts Tagged ‘ trading ideas ’

The First Trading Fundamental

Feb 9th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
At SMB we teach our traders 7 fundamentals of trading. The first is "proper preparation". Each morning I follow a routine that helps me identify the best stocks and risk/reward setups. I enter the stocks and key price levels in a written game plan, and then broadcast a meeting where I offer my thoughts on how things may unfold. Here are three ideas from the February 8th morning meeting. The first two stocks were "In Play" with a fresh news catalyst. I offered potential support areas for long trades. Watch the videos and compare to how the stocks traded that day. The third idea was the biotech ETF IBB which has sold off 40% from Read more [...]

Thoughts On Trading A Bear Market–SPY FB NFLX

Feb 6th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
In this video I offer some thoughts for how the market is setting up for the second week of February. If you are interested in our process for finding the best trading setups each day join me for a free webinar Monday February 8th at 4:30PM. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected] Steven Spencer is currently long NFLX and FB My free webinar for identifying the best trading setups HERE Read more [...]

Pre-Market Trade Prep–TWTR TYC SBUX

Jan 25th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
Each morning before the market opens we outline a series of trading ideas. There is a written "game plan" to make it easier to follow along. We identify the best stocks to trade before the opening bell as this puts us in a better position to execute in the heat of the moment. Here is a screen cap of the stocks and key levels discussed in the meeting with charts and comments posted below. First section lists stocks with a fresh news catalyst. Second section are ideas developed from prior trading days' observations. TWTR was "In Play" with four top executives departing. It was gapping lower on the news and we identified to Read more [...]

Inside The Trading Vault – Futures Market Assessment – $ES_F

Oct 2nd, 2015 | By | Category: Anne Marie, General Comments
SMB will be hosting a free webinar on October 6th where I will outline several trades based on techniques taught in the Vault.  The formation above is that of a falling broadening wedge- this is a bullish formation.  The current measured range is 66 points.  We sit above the moving averages and momentum suggests at this time that pullbacks should be bought and upside should grind forward. The goal of buyers will be to break the range of the wedge above.  As of now, the sellers are exerting pressure but pullbacks are likely to be bought.  If the chart fails 1910, we will fall back into the range of the wedge and a likely Read more [...]

Netflix Revisited

Jul 15th, 2015 | By | Category: Steven Spencer (Steve's) Blogs
Netflix traded significantly higher in the after hours following the release of its earnings report. The one item that really stood out for me was the EPS. Despite a revenue number that was basically in line they were able to report an EPS significantly higher than expected. And more importantly they guided the EPS much higher for next quarter. What this says to me is despite the fact that they are spending more and more on content that they are keeping costs under control and it is flowing to their bottom line. So when they say on their call that they believe they can get US "contribution margin" to 40% it is easier for investors Read more [...]

Cool Technology With Some Great Ideas

Jul 10th, 2015 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Theory
In the past few years SMB has built some remarkable trading tools. We led the pack in moving to HTML5 years before others (can use on smartphones and tablets). But beyond the cool technology in Scanner, Radar, and Real Time it is the actual idea flow that comes from very experienced traders. Traders who have spent years learning how to identify the best risk/reward setups. If we look at the past few days in the market there has been a lot of anxiety and a lot of volatility. During this sort of environment to have access to an AM Meeting where I explain short setups in ACE, CNC and TSLA with key levels can be invaluable. I also Read more [...]

Should I Get Short Wal-Mart?

May 19th, 2015 | By | Category: Trading Ideas
In this short clip from the SMB AM Meeting I discuss Wal-Mart's earnings and a potential fundamental short catalyst. In these scenarios we come up with a thesis and look for price action confirmation. If you think this sort of overview and game planning can be helpful in your trading sign up for a tools trial below. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: [email protected] Steven Spencer is currently long WMT (from 76.49) Read more [...]

Open Your EYES!

Feb 27th, 2015 | By | Category: Steven Spencer (Steve's) Blogs
Take a look at this daily chart for EYES. In the past three months one day in particular stands out. Something that is "not like the others" from a price and volume perspective. What does that day signal? What sort of price action would you look for following a day like that? What trading setups and time frames would you use after that sort of signal? I invite our blog readers to offer their thoughts on this. Sometimes a blog can be more helpful as a place to discuss ideas among well informed and bright people than a one way information dump! Please share with others your thoughts on this stock as well as any trades Read more [...]