Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL. In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q’s should lead to 49.50. Breaking 116.72 … Read More
Morning Thoughts for October 18, 2010
Good morning traders, we have a quiet morning with the major indexes flat to up small premarket. Focusing on the SPY, the market is in a clear uptrend making higher lows and higher highs. Until this changes there is no reason fight the trend in the market. Intraday I am focusing of trading specific stocks in play as these are … Read More
SMB Morning Rundown – October 18, 2010
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 – October 15, 2010
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 – October 14, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Trading Lesson of the Week – Combinatorial Explosion
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Combinatorial Explosion. You can watch here. We hope you enjoy! Don’t forget to follow us on Twitter!
Morning Thoughts on October 12, 2010
Good morning traders, Futures have us opening about .3% down. Well over their overnight lows. Bigger picture the market seems to be wedging up, a pattern that usually resolves itself to the downside. In the intermediate term if the market holds under SPY 115.20 we should expect to see a test of SPY113.20. On the upside SPY117.60 is the next … Read More
SMB Morning Rundown – October 12, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open