Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 134.00 and 134.60 (resistance) and 133.00 and 129.50 (support). Our best AM Idea for today, which we highlighted in our AM Meeting is to get long VRSN on a pullback in the 36.50-37.00 range. Don’t forget to follow us on Twitter.
5/11/11 Market Overview and Swing Setups
@AdamG_SMB covers setups in $SPY $ES_F $DX_F $SLV $SI_F $CL_F $AMZN $BIDU $PAY $AAPL $AVGO $BJRI $WMG $VRSN $GOOG $EGN $JOYG $ILMN
Forex trade of the week.
When is it enough? Please view video below. An excellent trade USoil using CFD’s. For more info email me @ [email protected]
Trade the Trade
A trader sent me this review of his work of yesterday: I made ~$250-300 right on the open which I was fairly happy with considering the stock I was trading didn’t move exactly how I wanted it to. I was trading actively, controlling my risk and in the trades I needed to be in. Most importantly, I was involved. None … Read More
Making it worse
Bobby Curtis was a world class distance runner who developed insomnia (NY Daily News article). He had to quit competitive running. He tried and considered every solution. And then…… It was on one of his innumerable Internet searches that Bobby Curtis finally found a deceptively simple approach, one that counseled him to follow his normal schedule of activities, no matter … Read More
Decoding Market Volatility: Navigating the Heck Out of Options Trading with Dan Harvey
When I first started trading options a number of years ago, I became very friendly with a great options trader, and an even greater human being by the name of Dan Harvey. Dan, a retired medical doctor, is one of the finest options traders I have ever met. He is very analytical, very calm and a very flexible thinker. … Read More
The SMB PlayBook: Compiling our best trades
We have been doing an exercise with our traders that I thought I would share. We ask our traders to create a playbook. Plays and patterns that make sense to them that they want to trade more of. At the end of the day the trader considers a best trade they made, details this trade in our SMB PlayBook template … Read More
SMB Radar Update for May 10, 2011
Although the market is mostly dry today, some of top 10 In Play stocks are showing great opportunity. This is the most important function of the scanner. The SMB Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high … Read More