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 1/10
Good morning traders, From my weekend note for Waverly Advisors: We see many conflicting tactical factors in Equities, which is typical of price action in consolidation areas. On one hand, our sector themes remain largely intact as the sectors recently underperforming are actually the traditionally defensive Staples. Another indication of a potentially supportive psychological backdrop is the continued outperformance of … Read More
Find the Setups That Fit Your Personality
“My style on the chessboard was a direct expression of my personality.” And then: “I believe that one of the most critical factors in the transition to becoming a conscious high performer is the degree to which your relationship to your pursuit stays in harmony with your unique disposition.” These quotes are from The Art of Learning: An Inner Journey … Read More
SMB Morning Rundown – January 7, 2011
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 1/7
Good morning and happy Friday, traders! Volatility has returned after the holidays, but in a muted, non-directional context. This is a little unusual as the market often would have made a strong trend move (over the course of several days) by this point after the holiday. This week, we have had a series of economic numbers that could potentially have … Read More
On the Tenth Day
Elliot Wave, one of our new traders, was going for his tenth consecutive positive trading day. It was not to be. He sent me an email why. Why I Failed to Make 10 Days in a Row Positive On the Open today, I thought I could replicate the success of past momo trades I was focused on making a huge chop … Read More
A Trade from Brazil
A Reader from Brazil shared this trade that he made today. He uses some principles learned from One Good Trade and the SMB Blog to find this set up. Often we are asked if our trading principles apply to other products. I am most asked if Reading the Tape applies to other markets. That is up to the individual trader … Read More
Which is the Better Stock to Trade? (Part II)
Yesterday we asked which was the better stock to focus on into the close: RIMM or MOS. We asked readers to start at the 3:15PM mark and offer their opinions. This was a real life stock selection decision to be made into the close. Some of our guys were more focused on MOS or even V and not so much RIMM. … Read More