All traders deal with frustration. One of my biggest frustrations recently has been my inability to open positions in the pre-market because I am preparing or running the SMB AM meeting. I was watching setup after setup unfold in the pre-market and unable to take advantage. I’m sure more than a few people noticed me grumbling about this on our … Read More
Your Daily Game Plan
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. Aristotle One our trainees sent me an email over the weekend asking me to review … Read More
Free Webinar: From Good to Great with Steve Spencer
Please join Steve Spencer for another webinar in his Good To Great series on August 3 at 4:30PM. Multi-Day Inflection Points How to trade them Why They Work Works both during and in between earnings season A concept that receives little attention Steve will discuss recent trading setups There will be a Q&A following the presentation Questions on this topic … Read More
SMB Radar Update for July 29, 2011
Here is a quick snap-shot of the top stocks on the Today’s Range list on the SMB Radar. This is just one of 10 categories that the algo captures. @tarhini_smb
SMB Morning Rundown for July 29, 2011
Market showing some weakness this morning after end of day selloff ystdy. No vote in House ystdy on debt vote not helping. GDP numbers not good for Q2 but info is backward looking. Short bias but most of the downside has been realized prmkt. A pop to 129.40-129.60 would be a safe short area. SPY support 128.35ish Morning Idea: STEC … Read More
No Vote, more uncertainty
Word just broke that there will be no vote on Speaker Boehner’s bill tonight. This will breed more uncertainty to the markets. This is not HardBall or Nightline so I will skip to our thoughts as a trader firstly. I will watch Asia to see how their markets react. So far they are down almost 1 percent as I write. … Read More
Free Options Webinar–SMB’s Options Tribe: Tuesday August 2, 2011 at 5:00 PM–Weekly Options
Tuesday August 2, 2011 at 5:00 pm Eastern Daylight time 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 … 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