It was a long day yesterday for me with all things partner on my calendar. One meeting meshed into another. A new meeting overlapped a planned one, which followed a new new one, followed by another planned one. You get my point. I was ready to start yet another meeting with the peeps who help us run SMB Training and … Read More
SMB Morning Rundown for December 18, 2009
Today, the Market appears set to open virtually flat. The levels we are watching in the SPY are 110.00(sup) and 110.50(res). Above 110.50 we see upside to 110.80-111. Below 110, there is no clear support level until 109, but the Market may find support higher. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More
Translator Please- RIMM
I am pretty exhausted. 1) I just traded RIMM in the after-hours for 2 hours. 2) I just listened to their CEO (or someone who does most of the talking during their conference call) explain business and trying to understand the guy required all of my mental energy. What is it with tech types where they think they can just … Read More
The Transaction Tax Would Destroy Small Businesses
Mike Bellafiore, partner at SMB Capital, was interviewed today by Damien Hoffman from Wall St Cheat Sheet. In the interview Mike discusses the proposed “transaction tax” in Congress that would increase the cost of trading. Read the full interview here.
SMB Morning Rundown for December 17, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.50(sup) and 111(res). Above 111 we see upside to 111.40. Below 110.50, the next support level is 110.25. Our best AM Idea for today, which we highlighted in our AM Meeting is short AMZN at 129.35. Tgt: 127.70 Don’t forget to follow us … Read More
There’s Always Something On The Move.
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