The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
There Are So Many Ways To Be Silly
Steve discusses the right trades and the wrong trades in SEED during the upmove from 12.70 to 14.50
I Should Have Made This Trade
Bella answers the Question from his post on Friday about whether he should have bought UPS in front of 60.08 after it broke out from that level on the Open.
SMB Morning Rundown – January 11, 2010
Today, the Market appears set to open higher. The levels we are watching in the SPY are 114.50(sup) and 115.12(res). Below 114.50 the next support level is 114.30. Above 115.12, we could see upside to 115.90. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy YGE if it holds above 18.60. Tgt: 19.70 … Read More
Was I Correct Not to Make this Trade?
I just spent thirty minutes writing in my trading journal about a trade I did not make. I am pretty sure the young trader recently moved next to me thought this was a little odd. And then I got up and walked around our trading floor (btw very nice digs) and talked to anyone who would talk back about the … Read More
SMB Morning Rundown for January 8, 2010
Today the market is selling off a bit in the pre-market following a worse than expected jobs report. The key levels we are watching in the SPYs are 114, and 114.30 for Resistance, and 113.60 for support. Our best AM idea is UPS. Seeing lots of strength on upward guidance in the pre-market. Look for a hold above 60.
Understanding The Environment
The financial stocks are still capable of having sharp down moves intraday circa 2008 and early 2009. We saw this when Meredith Whitney lowered GS estimates intraday on Tuesday and we saw it again today when federal regulators reminded banks to protect against a future rise in interest rates. But on both occasions the “news” was shaken off and the … Read More
Watching Order Flow and Tape Reading To Find Good Trades – TraderInterviews.com
Gilbert “Gman” Mendez, head trader at SMB Capital, sits down for an interview with Tim Bourquin from TraderInterviews.com.