Trader Mike commented on a recent blog of mine with, “The other day when I linked to the SMB Capital DNDN post, I wondered why anybody would knowingly be involved in that stock ahead of news.” We enjoy Trader Mike’s blog so I promised Mike a response. Also, Adam at Daily Options Report, offered interesting commentary on this play. This … Read More
The Week That Was: April 27 – May 1, 2009
A very interesting week. The SPY continues to linger around just below the 88 level, consolidating near the highs. Tuesday’s action after the Fed announcement increased volatility, although we haven’t really gone anywhere. Wednesday morning, it looked like the bulls were regaining control of the tape, but were not able to close the week above the critical 88 level. One … Read More
SMB on CNBC’s Fast Money Tonight – April 30, 2009
Our very own Jeff Tomasulo, senior trader at SMB Capital, will be a guest on CNBC’s Fast Money tonight from 5-6pm. Jeff will discuss which financials to watch with the upcoming bank stress test results. Jeff has been trading professionally for over thirteen years. We hope you catch Jeff on CNBC. Best of luck with your trading! Don’t forget to … Read More
My FOMC Game Plan
Below are the last two FOMC statements: January 28, 2009 March 18, 2009 The most important part of the minutes will be the wording. The rates won’t be cut (we’re already at our lowest rate) and they won’t be raised (we’re in the middle of a deflationary cycle where raising interest rates would kill any hope of a recovery and … Read More
The Week That Was: April 20 – 24
Well what looked like was going to be a week for the bears ended up being a pretty good week for he bulls. Let’s keep an eye on that 88 level in the SPY, as it looks like it’s going to come into play again this upcoming week. The dollar index looks like it is breaking down from a bear … Read More
Second Day Play
I like earnings season not only for the volatility that comes from the day a company reports. I also like it for the information that I am able to gain from trading and watching the price action of a particular stock. This information gives me an edge the next day, which gives me a higher probability that my next trade will … Read More
SMB on CNBC’s Fast Money Tonight
Our very own Jeff Tomasulo, senior trader at SMB Capital, will be a guest on CNBC’s Fast Money tonight from 5-6pm. Jeff will discuss Second Day Plays, sharing how to successfully trade second day earnings plays. Jeff has been trading professionally for over thirteen years. We hope you catch Jeff on CNBC. Please feel free to ask him follow up … Read More
Why do you trade?
Why do you trade? I ask this question to myself constantly. There are many reasons. I think you have to ask yourself this before you set goals, while you are setting new ones and while you are trying to accomplish previously set goals. Let me tell you how I set my goals. I look at my trading career as a … Read More