For the most part as expected the market has been quiet this holiday week. This is clearly demonstrated by this screenshot of theSMB Radar. We use color coding throughout each list to quickly assess how In Play any given name is. Red indicates “hot” and blue indicates “cold”. I know–we are so clever. Overall, when you see 90% of the … Read More
Morning Thoughts on October 1, 2010
Good morning traders. Yesterday I wrote that “I will be watching XLF and OIH as market tells; we need to get some more sectors involved if the rally is really going to have some legs in it.” Indeed financials worked as a very good tell. Its very important whenever the market is a major inflection points that you understand what … Read More
My Radar Trade In JCG
At 9:45 I glanced over at the SMB Radar, our proprietary scanning tool, and saw JCG towards the top of the volatility spike column. I punched it up on my platform and it appeared to be a pretty good short set up. It had just a had a strong opening drive through the prior day’s two key support levels and … Read More
Finding good setups in a quiet tape
This blog is going to go over one of my recent trades in COG. Yesterday’s morning session was very quiet and I was having difficulty finding stocks that were really moving. I was able to establish during the first 15 minutes or so that I would trade a ‘range strategy” until the market structure changed. (more about this on another … Read More