Good morning traders. Yesterday we saw a lot of damage done to stocks as the market accelerated its move to the downside. In the short term I would not be surprised if we see a retracement in the market to the 119.80 area in the SPY. As I tweeted yesterday, I have been using FCX, GLD and SLV as my … Read More
The Hedge Fund Analyst
In this morning’s AM meeting I joked about the fund’s that were caught short in today’s gap up in DKS. Whenever I come across a stock that is heavily shorted like a DKS I try to put myself in the shoes of the people who think it is worthwhile to get short such a stock. It isn’t hard for me … Read More
Morning thoughts for November 16, 2010
Good morning traders, Weak futures have us opening under last week’s lows as the market continues to pull in. I have noticed the character of this pullback in the market is different than the ones we have seen in the previous months. Rallies are now sold aggressively as opposed to previous market pullbacks where we saw aggressive buying on dips. … Read More
SMB Morning Rundown – November 16, 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 for November 15, 2010
Good morning traders. SPY trading slightly up indicates we will open about .3% higher. Over the past few sessions the market has pulled in to its rising trendline. As of now the pullback is constructive in nature. Even if this were a medium term top in the market expect the bulls to put up a big fight. Trading over 121 … Read More
SMB Morning Rundown – November 15, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Volatility Clustering: Unveiling the Non-Random Nature of Markets
Volatility can be more predictable than the behavior of actual prices.
Steve Goofs Big Time at the AM Meeting
Watch a snippit of our AM Meeting where Steve goofs big time. You can catch more of our AM Meetings where we discuss important stocks for the trading day, along with their key levels. And Congratulations to Mike!!!