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
MCP – Radar Trade Part Deux
Yesterday MCP flashed to the top of the Price Spike list again (first two arrows) on the SMB Radar. Knowing what happened last time this occurred, it was something that had to be pulled up immediately. Having been prepared since the last alert we see on Friday, support and resistance levels were already noted – we simply had to watch … Read More
SMB Morning Idea
weak prmkt. below 132.75 not a good sign. main focus is on fresh stuff though so only watching mkt out of the corner of my eye. SPY support around 132-131.80. resistance 132.75 and 133.20ish Morning Idea: LVS long above 48.50