Lately we have been posting some very simple Radar setups that can really step up your trading game. Simple, trend following plays that can be very high probability, good risk / reward plays. Today $OCR made a similar set up to the Spencer Special, however didn’t have as many checks as we would like to see. Consolidation wasn’t very clean, the … Read More
SMB Radar Update – Uptrend / Downtrend Snapshot
Here is a snap shot of the Up and Down Trend Columns in the SMB Radar as of 10:55 EST. The job of these scanners is what you would expect, they find stocks that are trending intraday. This takes care of a lot of the work we have to do as traders. From here you want to be sure the stock … Read More
SMB Radar Update – Weak Today Snapshot
The Weak Today column ranks stocks based on the price change relative to the stock’s opening print. These stocks tend to have opening drives and continuation moves. The idea here is to find opportunity in the weakest stocks in the market with the highest probability of continuing the trend. When looking through the column, we always take note at how In … Read More
A Perfect Example – $JBL
$JBL had earnings, so it was not a huge surprise to see it on our In Play list on the Radar. Still, a reading of 7.7 is good even for a stock with earnings. This means the stock will have heavy, unusual order flow – and it did. But that alone isn’t going to help with bigger plays. Sure, you … Read More
Know Your Tools!
We have access to some great tools to help us with our trading. Plenty of different scanners, studies, and algos out there thanks to technology. But just because you have the tools, doesn’t mean it ends there, you must master and take everything you can out of them. At SMB Training our favorite tool is the Radar. It was designed … Read More
Another Spencer Special – SMB Radar Play of the Day
We had a Spencer Special again today using the Radar (these happen a lot). As we have said in the past, at 10:30am we look for stocks that are trending. We use the Radar to scan for In Play stocks that are consolidating near important levels. This allows for proper risk management (stops that make sense). Today we noticed $BEN … Read More
SMB Radar – Set Up In $MJN
Here is a great example from today on how we use the Strong Today column on the SMB Radar. The Strong / Weak Today list is one of my favorite outputs of the algo on the Radar. I like to constantly look through the lists in search for good set ups. I want to find a stock that is In … Read More