SMB From Good to Great webinar with Steven Spencer.
“Pay attention… this is important”
Sometimes failures of patterns can give us insight into the overall market environment.
A Signal from the Level II
On the Open GMCR and BEC gave us a signal from the Level II, we say Reading the Tape, that they both were going down. After this signal there was opportunity to add or take a position with the side of this signal. Some time passed and then it happened. Both stocks headed in that direction of the signal. 33.50 … Read More
SMB Morning Rundown – December 10, 2010
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 12/10/10
For the equities market, there are three scenarios I am considering today. In decreasing order of probability: 1. The S&P will hold this range (looking at 1233 on the futures) and stay in consolidation all day. Normally, I would say there is a 70% chance of this happening due to the Rusell 2000 and other mid/small cap indexes which are … Read More
How We Found an Important Level (LVS)
We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. Chop! SuperChop? Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China’s application for a land … Read More
Reminder of the Scottsdale Trader Meetup
Join Mike Bellafiore and the Scottsdale Traders and Investors Meetup Group, the largest and longest surviving active traders group in the Phoenix area on December 14th. Mike will be speaking with the Traders on the following: The trading fundamentals of One Good Trade from inside One Good Trade. How our prop firm makes trading decisions based on Intraday Fundamentals, Technical … Read More
SMB Morning Rundown – December 9, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.