****Unfortunately the seminar has reached capacity and we are no longer taking RSVPs. Steven Spencer will also be doing an online seminar in 2 weeks. We will post the registration on the blog next week.**** Join SMB Capital for a free 90 minute IN OFFICE seminar on Sunday, February 20th @ 1pm. Speakers & Topics: Mike Bellafiore, Partner Trading Plays … Read More
CANCELED – SMB Webinar Today: Breaking Down Recent Trading Setups
SMB Webinar with Steven Spencer
SMB Morning Rundown – February 16, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 2/16/11
Good morning traders, Word equity markets show a generally positive tone this morning. Asia is up roughly a percent (Taiwan and South Korea are down, however) and Europe is up about half a percent. S&P futures, Japan, and the UK made new 52 week highs overnight. In currencies, the GBP is weak, with big moves in GBPCAD and GBPAUD. AUD … Read More
If 1 Why Not 2?
One of our traders, The Original Jersey Shore, was long big at support in CEPH at 58.50 (Trade 1). He got stopped out. After the close he stopped into my office to discuss. He did not get long above the top of the range after consolidation above 58.57 (Trade 2). If you are in 1 why not 2? Shark was … Read More
Options Trade Initiation: Why Patience Pays Off
When developing traders enter into income options strategies, there is a tendency to become impatient when executing the opening trade. The trader will typically put an order in at or around the mid-price but often finds that the market is not biting on that price immediately. This can create anxiety and a feeling of impatience in the trader, arising from the belief that, since almost … Read More
SMB Morning Rundown – February 15, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts 2/15/11
Good Morning Traders, Most markets we watch are relatively unchanged this morning. Not a lot of interesting price action in early trading anywhere. Asia is flat, with all indexes between -0.5% and +0.5%. Europe is slightly higher, with European Broad Market index at 0.4%. South Pacific stocks are also flat/mixed. In currencies, the British Pound is strong (especially against Asian … Read More