If you needed yet another sign that the volatility is low, just look at today’s action after the Federal Reserve rate announcement. Yes, we knew that the rate was going to be steady. And yes we figured that the language in the announcement would be similar to previous ones (Fed plans to keep rates exceptionally low for extended period etc.) … Read More
SMB Morning Rundown for December 16, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). Above 112 we see upside to 112.40. Below 111.40, the next support level is 111. Our best AM Idea for today, which we highlighted in our AM Meeting is buy ADBE if it holds above 36.60. Tgts: 37.20, … Read More
Using Levels
SMB shares a ton of important price levels with its traders. Occasionally, we tweet these levels to the at large trading community as well. For a skilled intraday trader there is a lot of money to be made trading off of these levels. But without trading skills and an understanding of various trading setups these levels don’t offer much value. … Read More
SMB Morning Rundown for December 15, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 111 (sup) and 111.40 (res). Above 111.40, the next resistance level is 112. Below 111, our next support level is 110.50. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL close to 196.40. Tgts: 195.60 … Read More
SMB Morning Rundown for December 14, 2009
Today, the Market appears set to open higher on positive news out of Dubai and a merger between XOM and XTO. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). We believe that if the Market starts consolidating above 112 we could see a trend day up to 113-113.25. However, if we hold below 111.40, … Read More
SMB’s Trading Philosophy – TraderInterviews.com
Mike Bellafiore, partner at SMB Capital, sat down for an interview with Tim Bourquin from TraderInterviews.com. In the interview Mike discussed SMB’s trading philosophy. Mike talks about why SMB chooses to trade “Stocks in Play”, the reasons he teaches traders to make “One Good Trade”, the importance of “Reading the Tape”, and how to spot “Trades2Hold”. Mike also discusses how to making trading decisions based upon intraday fundamentals, … Read More
SMB Morning Rundown for December 11, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.50 (sup) and 111.50 (res). Above 111.50, the next resistance level is 112.25. Below 110.50, the next support level is 110.20. Our best AM Idea for today, which we highlighted in our AM Meeting is to short ABX at 41.50. This would be … Read More
How I’m Becoming More Patient with My Trading – Moneyshow.com
Dov’s recent blog post was highlighted in the Moneyshow.com. In the post Dov discusses how he uses patience and detailed plans to improve his trading. You can read the full article here.