There has been a lot of long and short opportunity in the market today. Here is a snap shot of some strong and weak stocks based on the SMB Radar going into the close. The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation … Read More
SMB Morning Rundown for July 28, 2011
SPY resistance around 132.50 to 132.70. below watch 132 level. key inflection point from yesterday is between 131-30 to 131.60. failure at 131 premkt and last period point. watch support levels at 131 to 130 to 130.20, 129.63, and 128 to 128.40 Morning Idea: AKAM resistance at 26, 25.50, 25 key inflection point on long term charts. holding below 25 … Read More
SMB’s Options Tribe-2011-07-26
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. Yesterday, tribe member Dave Schram presented his approach … Read More
MCP – Radar Trade Part Deux
Yesterday MCP flashed to the top of the Price Spike list again (first two arrows) on the SMB Radar. Knowing what happened last time this occurred, it was something that had to be pulled up immediately. Having been prepared since the last alert we see on Friday, support and resistance levels were already noted – we simply had to watch … Read More
SMB Morning Idea
weak prmkt. below 132.75 not a good sign. main focus is on fresh stuff though so only watching mkt out of the corner of my eye. SPY support around 132-131.80. resistance 132.75 and 133.20ish Morning Idea: LVS long above 48.50
SMB Morning Rundown for July 26, 2011
slightly positive tone this morning. market resetting and getting ready for next trend. SPY levels. 133.80 and 133.20 support. 134.20, 134.45 resistance.
Doing Your Post-Market Analysis
Every intraday trader should have a routine for their post-market review. It is just as important as preparing before the open. It is a great time to reflect on your trading day. Whether you ended the day green or red should not matter. It is part of the job. Post market is the best time to reflect on the … Read More