Bella discusses the trade in RIMM today when it cleared the key 71.80 and 72 Long-Term resistance levels
Making a Trading Decision
Bella discusses how he used three factors, Reading the Tape, Intraday Fundamentals, and Technicals to make a trading decision in RIMM today.
Trade2Hold BRK.B (End of Day)
We had been waiting for BRK.B to hold above 80 for a Trade2Hold to perhaps 82. Friday we almost had the hold above 80 but ran out of time. 80.10 became the new hurdle to clear before BRK.B knocked on the door of 82. Today during one of those times Steve always warns that stocks can move, lunch time, BRK.B … Read More
SMB Morning Rundown – February 26, 2010
The markets are currently set to open flat, the preliminary 4th Quarter GDP revision came in as expected at 5.9%. AIG also reported a $53/share loss this morning and should see very active trading during today’s session. Key levels to watch in the SPYs will be 110.25 and 109.40 for support. Resistance is at 111 and 111.70. Michigan Consumer Confidence … Read More
SMB Morning Rundown – February 25, 2010
The market is gapping down violently today, currently the SPYs are trading at 109.30 in premarket. Key levels to watch for the day are 109.50 for support, depending on where the market opens the next area of support is at 108.40. Should we attempt to stage a rally there is resistance at the 110.50 and 111 levels.
Posting a Personal Best
We have been waiting for WFMI to explode for days. Above 34 and then 34.30 were levels to add size. During our AM meeting GMan pounded the table about buying above 34 and then 34.30. One of our developing traders did and posted a personal best. Chop Rosie! Why did we like this set up? The day after earnings WFMI … Read More
nice terminal
I am hanging out at the beautiful jblu terminal at jfk. In one hour I will be taking off for sunny west palm beach. I decided to participate in one last am meeting prior to my vaca. Most of the stuff I highlighted were strong stock consolidating near highs. Two of them, aapl and rimm, dropped key support prices from … Read More
Second Reading the Tape Seminar
SMB would like to thank everyone for their recent interest in our free SMB Training Reading the Tape Seminar. Due to extraordinary demand and limited space we were unable to invite all who expressed interest in our last seminar. But I have some good news! This Saturday 2/20/10 at 11 AM we invite you to attend a free Reading the … Read More