Yesterday we asked which was the better stock to focus on into the close: RIMM or MOS. We asked readers to start at the 3:15PM mark and offer their opinions. This was a real life stock selection decision to be made into the close. Some of our guys were more focused on MOS or even V and not so much RIMM. … Read More
SMB Morning Rundown – January 6, 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 1/6
Good morning traders, World equity markets are generally up this morning. Biggest upside movers are Japan (1.5%) and Norway (1.1%). China, Ireland and Portugal are down slightly overnight. No big currency moves overnight, though the Yen is strong (EURJPY AUDJPY etc) against most of its trading partners. One of the big questions this morning will be whether we have second … Read More
Which is the Better Stock to Trade?
I was chatting with Lock It In into the close about stock selection. He was chirping one stock (chart below). I was in another (chart below), looking to buy more and was getting out of his. I should note I was in my stock and looking to buy more because Amazing Andy called it out. So its 3:15PM today and … Read More
First Control Your Risk
After the close a new trader shared his frustration with stop outs in FCX. His solution: ignore his predetermined stops for if the stock traded against him (let’s call him MC Trader). This is how you end up at a new job. MC Trader set a stop in FCX for 66c. FCX traded past this price but MC Trader did … Read More
SMB Morning Rundown – January 5, 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 1/5
Good morning traders, Pretty much across the board, from domestic to international stocks, currencies, commodities and financial futures, we are seeing volatility return to the markets. Also, as we look at world markets, (and this is a gross generalization) most of the moves that have emerged over the 2 and a half trading days have been against the trends that … Read More
Sleeping In Shanghai
I returned from traveling in China a few days ago. My body hasn’t made the time adjustment yet. There is a 13 hour difference between NYC time and Shanghai time. Night is day and day is night. Yesterday I was reviewing the SMB Scans which are compiled after the close each day. They consist of stocks in our tradeable universe … Read More