Word just broke that there will be no vote on Speaker Boehner’s bill tonight. This will breed more uncertainty to the markets. This is not HardBall or Nightline so I will skip to our thoughts as a trader firstly. I will watch Asia to see how their markets react. So far they are down almost 1 percent as I write. … Read More
SMB Radar Update for July 28, 2011
There has been a lot of long and short opportunity in the market today. Here is a snap shot of some strong and weak stocks based on the SMB Radar going into the close. 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 … Read More
Free Options Webinar–SMB’s Options Tribe: Tuesday August 2, 2011 at 5:00 PM–Weekly Options
Tuesday August 2, 2011 at 5:00 pm Eastern Daylight time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
SMB Morning Rundown for July 28, 2011
SPY resistance around 132.50 to 132.70. below watch 132 level. key inflection point from yesterday is between 131-30 to 131.60. failure at 131 premkt and last period point. watch support levels at 131 to 130 to 130.20, 129.63, and 128 to 128.40 Morning Idea: AKAM resistance at 26, 25.50, 25 key inflection point on long term charts. holding below 25 … Read More
A market trading day
Today was a market trading day. For new and developing traders this is a very difficult trading day to master. Normally we focus on one or two stocks that are best for us and find set ups that make sense for us. On a day like today, a market trading day, you want to apply a different technique. Let’s discuss. … Read More
Night Time Reading
Here is some information to help you prepare for tomorrow. Courtesy of SMB Radar. @sspencer_smb
I am adding JNPR to my Banned List
In One Good Trade I wrote how I hated the way SNDK traded in the mid 2000’s. You could tell me what direction GS was headed and I still might not make money. Steve during his StockTwits TV broadcast called GS “one of the worst piece of $hit intraday trading stocks.” And he went to Wharton. During our SMB AM … Read More
SMB’s Options Tribe-2011-07-26
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. Yesterday, tribe member Dave Schram presented his approach … Read More