The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trade2Hold- Breaks the Downtrend (LXK)
As we continue to gravitate towards more Trades2Hold, longer holding time periods for intraday trades, we found another excellent set up today in LXK. This is a simple trade and a pattern you might spot a few times a week. We will discuss the entry and the exit. (let me state at the outset that for some reason I can’t … Read More
Stock Selection
I received an email yesterday from a reader who asked if I could discuss why we choose to avoid certain stocks. What I would first like to address is the idea of stock selection in general. At SMB we have a very specific methodology to select the best stocks for intraday trading. As most who have read our blog on … Read More
SMB Morning Rundown – February 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trade2Hold Exit- AMZN
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 … Read More
SMB Morning Rundown – February 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.