Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL. In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q’s should lead to 49.50. Breaking 116.72 … Read More
A Missed Opportunity
A quick note on an error I made this morning in our AM Meeting. We begin the meeting with an overview of the market and then discuss stocks with fresh news. During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. Stock number six on my list was MMR. … Read More
Morning Thoughts for October 18, 2010
Good morning traders, we have a quiet morning with the major indexes flat to up small premarket. Focusing on the SPY, the market is in a clear uptrend making higher lows and higher highs. Until this changes there is no reason fight the trend in the market. Intraday I am focusing of trading specific stocks in play as these are … Read More
SMB Morning Rundown – October 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.
Back From Vegas
Gman, myself and Bella are back from Vegas. Fun time with Q, Alphatrends and a bunch of traders from the Tickerville community. I broke my “no gambling” rule by throwing down $20 on the roulette table at the end of the night. But that was balanced out by the $250 in chips Gman found on the seat of the limo. … Read More
SMB Morning Rundown – October 15, 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 Do I Gain and Edge Trading Midday? (And thoughts from Vegas)
Hey Bella, Big fan of the SMB Blog and have been trading for about a year now. I engulf myself in as much helpful and educational trading literature but seem to struggle figuring out afternoon trading. My style is that I only follow and trade the same couple stocks every single trading day. These stocks typically have small gap moves … Read More
Another look at randomness
Another look at randomness in the market