I received this question from Reader Dhroov: I want to thank you and your team for all the time and valuable information that you put into your blog and videos. I look forward to clicking on my browsers’ “SMB’ favorites link each and every day to catch up on what you and your team are thinking and writing about. I … Read More
SMB Morning Rundown – May 26, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: How to Recognize Real Order Algos
Yesterday we received an inquiry from a reader regarding algos. Read the inquiry below: Hi. I have been trading for nine years now and one of my biggest strengths is tape reading. However, the algo programs are absurd these days. How does the Gman distinguish real buying from some program just market making a stock? Also, it seems like the programs are more in … Read More
Awesome, Awesome, Awesome!!!!!
I woke up to a dream today and it was the market! If you are a short-term trader then it is time to start brown bagging your lunch if you haven’t already. Today’s final 80 minutes of trading provided as much opportunity as you see in an entire trading day. This followed the meltdown we saw yesterday in the final … Read More
Traders Ask- Why Hold?
Yesterday I posted Important Intraday Resistance Level (BIDU). Tapetrader followed up with this excellent question: Bella: I have a question regarding holding BIDU. At 1pm it was the lasttime BIDU touched the 72.5 lvl. What followed was sideways consolidation for a long period of time, and some spike ups and what looks like higher highs. Even though 72.5 is a … Read More
SMB Morning Rundown – May 25, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Important Intraday Resistance Level Trade (BIDU)
BIDU came off from 73.30ish after a gap open. 72.50 offered resistance on the tape. I started a small short. BIDU came off another point. But then things got even more interesting……. 72.50 was a level that we spotted on the tape. And BIDU traded off another point from this weakness and resistance level we spotted on the tape. But … Read More
SMB Morning Rundown – May 24, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.