SMB Training is pleased to announce the addition of Alex Salazar to our blogging community. Alex is a trader withmore than 10 years of experience trading the SP 500 Futures and the Forex Market. SMB Training will soon be offering FX trader training and a virtual trading floor where you can connect with traders such as Alex. Alex is the … Read More
SMB Radar Update for May 9, 2011
The Strong Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong opening drives and continuation moves. The idea here is to find opportunity in the strongest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
Gap, Battle and Go (SYY)
SYY gapped up on the open after earnings. Intraday Fundamentals From Reuters: * Q3 EPS $0.46 vs est $0.41 * Q3 sales $9.76 bln vs est $9.48 bln * Shares up 11 pct, at year-high (Compares with estimates, adds background in paragraoh 2; updates shares) May 9 (Reuters) – Top U.S. food distributor Sysco Corp reported quarterly results that easily … Read More
Forex trade of the week
A key point in the EUR/CHF trade was when the price fractured the areas of support, which are identified by the Fibonacci retracement at level .618 % at an approximate price of 1.2800. Once those areas have been breached, we expect the trend to be lower than the previous minimums, but in turn, the price increases producing up trends. This … Read More
Sittin’ on the front porch sippin’ iced tea
It’s funny how non-directional options trading differs from many other kinds of trading. For example, most forms of trading require price change to be taken advantage of by the trader. Day traders salivate when they look at charts that are vertical, in either direction. Directional options traders are the same way. But, non-directional options traders normally do best when … Read More
SMB Radar Update for May 5, 2011
Today the market has presented a lot of opportunity with many stocks and commodities very In Play. These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search … Read More
SMB Morning Gameplan Recap
This morning May 3rd offered a bunch of fresh news plays (CTSH, ADM, ANR and MCP) as well as some good second day and technical setups in SLV, BIDU, and AMZN. In this video Steve breaks down his pre-market bias and then discusses possible trades as the price action developed during the day. Here is a link to the written … Read More
The key to winning options strategies is how well you handle the losing months
All great options strategies will have losing months. There is no getting around this simple fact, and it is critical to your mindset as a successful options trader that you accept these months as part of the game. While non-directional options spread strategies are also known as “income options trades” (giving some traders the mistaken idea that the strategies will produce … Read More