Let the market come to you. You cannot control your trading opportunities just managing your risk for the opportunities the market offers. – Bella
SMB’s Options Tribe 7 19 2011
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. Last week, Steve Lentz of Optionvue returned to … Read More
SMB Morning Rundown for July 25, 2011
Some weakness overnight with congress failure to come up with agreement to raise debt ceiling. strong backdrop still exists overall and the market is well above overnight lows. SPY levels to watch 133.15-133.25 support. 133.90-134 resistance. 134.80 resistance. 132.75 support. Best Am Idea: Long ETFC above 16.50 level
Patience Pays – $MCP
A lot of the work in trading is just sitting and watching. Yesterday the market was absolutely dead into the close. The S&P futures sat tightly in a 3 handle range. At 3:45 EST, $MCP appeared towards the bottom of the Price Spike list of the SMB Radar. This was unusual because it hadn’t been on the list the entire … Read More
SMB Morning Rundown for July 22, 2011
Market has moved up quite a bit this week. We are due for a pullback so want to be cautious unless we can hold above 134.80. below 134.35 be cautious until we test the 133.90-134 area. Best AM Idea: Long SNDK on pull back to 43 level
SMB Morning Rundown for July 21, 2011
Yesterday earning season continued as stocks reacted in a mixed manner. Looking for market to hold the 133.00 key support level for a push higher for the follow-through from the action on yesterday and Tuesday. Our attention will be focused on PEP, LVS, STX, and RVBD. Our morning idea is RVBD as we’re looking for a continuation as it needs … Read More
SMB Morning Rundown for July 20, 2011
Yesterday we had a large gap up and a strong rally in the afternoon. Good earnings continue to roll out, which gives market players a reason to take us higher. Market is holding above 133.25 today and we could see another uptrend day. Most of the attention will be on VMW, CMG, AAPL ,and an easier one FTNT. The best … Read More
SMB Morning Rundown for July 19, 2011
Market broke below SPY 130.70 ystdy but rallied in afternoon. big companies now reporting earnings and having positive reactions. if we get above 131.50 today and hold i am very focused on being long with next major resistance at 132.75. The best AM idea is MOS with 68 as the inflection point.