Here is a quick snap shot of our In Play list on the SMB Radar. Notice $SPY IPR is below 1.00, along with only a few names above 3.00. Stick to the names with a +3.00 IPR. Keep in mind another plus is if you find the stock across the Radar on more columns like Strong or Weak Today, this … Read More
SMB Radar Update – Low IPR Day
IPRs are hanging low today. $SPY at a 1.0 reading tells us that the general market is not In Play. This means breakouts with follow through are low probability in the $SPY and highly correlated stocks. As of now only 2 stocks in our universe are trading with a > 3.00 reading. I’ll be watching the Price Spike for opportunity … Read More
SMB Radar Update for August 16, 2011
These are today’s top stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates heavy … Read More
Beating the Grind – $SPY $IWM $QQQ
The recent volatility has brought the major indices In Play, this broad market movement tends to have the “lift all boats (stocks)” effect, making the ETF’s like $SPY $IWM $TNA $TZA great trading vehicles. However they aren’t always going to be the best option at every point in the day, especially since the market has started to base (albeit a … Read More
SMB Radar – Trade Reviews
This month SMB will be reviewing Radar generated trades that are sent in by users. The purpose of this is two-fold. First, it will give Radar users the chance to really understand how to use the tool properly. The Radar has a number of outputs, and changes throughout the day. Understanding how you could have better managed a Radar generated … Read More
SMB Radar Update for August 5, 2011
A little different today. A partial view of my favorite SMB Radar columns. Figured it’d be a good change of pace considering the 50 handle range in the market. Keep in mind these are moving at a much faster pace today. Good Trading
When Charts Don’t Tell the Truth – $HUM $AGP
Yesterday HUM was In Play on earnings. It traded lower, much lower – in fact it had about a 7 point down move from the open. A number of traders on the desk did well in HUM, I wasn’t one of them. Looking back at the chart I saw a lot of different trades that could or should have been … Read More
SMB Radar Update for August 1, 2011
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More