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.
Trading Thought of the Day – July 19, 2011
Nothing in this world can take the place of persistence. Talent will not, nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated failures. Persistence and determination alone are omnipotent. – Calvin Coolidge
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here
SMB Morning Rundown for July 18, 2011
Market gapping down this morning prmkt. we have already touched the130.70 support and had a small retracement. the real earnings season starts this week with BIDU and IBM reporting after the close today. we will have a greater understanding of psych of mkt as earnings role out this week. remember that earlier this month it seemed like we would break … Read More
SMB Morning Rundown – July 15, 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 Rundown – July 14, 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’s Options Tribe meeting 2011-07-12
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. This week, Richard Hale Shaw made a presentation … Read More