It’s funny how non-directional options trading differs from many other kinds of trading. For example, most forms of trading require price change to be taken advantage of by the trader. Day traders salivate when they look at charts that are vertical, in either direction. Directional options traders are the same way. But, non-directional options traders normally do best when … Read More
SMB Morning Rundown – May 6, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Radar Update for May 5, 2011
Today the market has presented a lot of opportunity with many stocks and commodities very In Play. These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search … Read More
Fighting for the best prices
I was standing behind a new trader, Battery Park, watching him buy a pullback in a Stock In Play. Battery Park bought 76c and hit out at 63c. He should have hit out at 69c. Then Battery Park reentered at 65c when he could have bought 58c on the bid. We talk about Reading the Tape often in this blog but … Read More
5/4/11 Market Overview and Swing Setups
@AdamG_SMB discusses setups in $SPY $ES_F $SI_F $SLV $MCP $AMZN $FMCN $HES $NWL $ALJ $BTU $SGI $PXD
Buying a Pullback (LVS)
LVS gapped down from 45.40ish to near 40 in the premarket and then recovered some. From Bloomberg.com Las Vegas Sands Corp. (LVS), the U.S. casino company expanding in Asia, reported first-quarter sales and profit rose less than analysts’ estimates on lower winnings from table games in Nevada. The shares fell in late trading. Net income climbed to $289.3 million, or 28 … Read More
SMB Morning Rundown – May 4, 2011
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 Gameplan Recap
This morning May 3rd offered a bunch of fresh news plays (CTSH, ADM, ANR and MCP) as well as some good second day and technical setups in SLV, BIDU, and AMZN. In this video Steve breaks down his pre-market bias and then discusses possible trades as the price action developed during the day. Here is a link to the written … Read More