Good morning traders. Market is gaping above the SPY 114.50 resistance which was a very important technical level last week. For today’s price action I am going to use the level as my pivot. I am going to be long above it and look to lighten up or get flat if the market starts to fail. I don’t really want … Read More
NKE: price action in an active stock post-earnings
Another look at price action in an in-play stock and deriving a bias from overnight market structure
Gap Study: a Simple Exercise in Market Analysis (part 1 of 3)
Some basic background on applying quantitative thinking to market problems.
SMB Morning Rundown – September 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
Morning Thoughts on September 24, 2010
Good morning traders. Futures strong premarket has us opening just off of yesterday’s highs. The price action around 1132 will be a big clue as to what to expect for the remainder of the day. If the market is able to hold above this level and consolidate A possible trend day to 1140 could be very possible. This is a … Read More
An important trading skill: “Hey, that’s different!”
Sometimes the best pattern is simply to notice when an established pattern is broken.
Traders Ask- When Do I Buy For a Support Play?
Question: Hi guys In Mike’s great book he talks often of “buying right” most often using limit orders at resistance/support levels and on dips during a momentum trade. For a while I’ve struggled to find the best time to do this. Can you please tell me, using a long trade as an example, do you place your limit order at … Read More
SMB Morning Rundown – September 23, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open