Good morning traders. Market is consolidating late last week’s move off the 117 area in the SPY. The key in the following weeks is going to be if the market makes a lower high and signals the start of a bigger picture correction or makes a new high for the year. In the short term the indexes have a two … Read More
SMB Morning Rundown – November 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Rundown – November 19, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts on November 18, 2010
Good morning traders. Strong up move in the European and Asian markets overnight has S&P futures trading up about 1%. Today I am going to be focused on the descending trend line in the market which is now around 119.60. If the market is able to hold above this trend line, we could see new 52-week highs in the medium … Read More
SMB Morning Rundown – November 18, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Rundown – November 17, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts for November 17, 2010
Good morning traders. Yesterday we saw a lot of damage done to stocks as the market accelerated its move to the downside. In the short term I would not be surprised if we see a retracement in the market to the 119.80 area in the SPY. As I tweeted yesterday, I have been using FCX, GLD and SLV as my … Read More
The Hedge Fund Analyst
In this morning’s AM meeting I joked about the fund’s that were caught short in today’s gap up in DKS. Whenever I come across a stock that is heavily shorted like a DKS I try to put myself in the shoes of the people who think it is worthwhile to get short such a stock. It isn’t hard for me … Read More