10. The SEC tax declining by about 35c per thousand shares traded. 2009 was a tough year made much tougher because of this tax being raised 400 percent last year. This will mean a possible extra 17k for some of our traders. 9. Secret Project X. SMB has developed a practice tool we are very proud to unveil to our … Read More
SMB Morning Rundown for December 31, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.50(sup) and 113(res). Below 112.50, the next support level is 112. Above 113, we could see upside to 113.40. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy SEED close 12.10. Add to the long … Read More
SEED money for the New Year
There’s always something to trade. You just have to be where the volume is. It can take one good stock to make your week, and one good week to make your month. 90% of life is showing up, and for those who showed up today, there was money to be made. We had a repeat offender today, our good old … Read More
SMB Morning Rundown for December 30, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 112 (sup) and 112.60(res). Below 112, the next support level is 111.50-111.60. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 210. Tgts: 209, 208. Don’t forget to follow us … Read More
SMB Morning Rundown for December 29, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.60 (sup) and 113.60(res). Below 112.60, the next support level is 112. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 212.85. Tgts: 211.30, 210.60. Don’t forget to follow us … Read More
Adapt to Survive High-frequency Trading – SFO Magazine
Mike Bellafiore, partner at SMB Capital, wrote an article for SFO Magazine, titled “Adapt to Survive High-frequency Trading”. In the article, Mike discusses the effect High Frequency Trading (HFT) has had on the markets and the changes short-term traders need to make to adapt. Read the full article here and feel free to leave your comments on this blog. Don’t … Read More
SMB Morning Rundown for December 28, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.40 (sup) and 113.60(res) Below 112.40, the next support levels are 112 and 111.50. Our best AM Idea for today, which we highlighted in our AM Meeting is AAPL. Buy into a pullback between 209.30 and 210. Tgt: 214-215. Don’t forget to follow … Read More
SMB Morning Rundown for December 24, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.40 (res) and 111.90(sup) Below 111.90, the next support level is 111.50. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is STEC. We are watching the 15.50 and 16.00 … Read More