Good morning traders. Morning thoughts today from Adam Grimes at The Macro Report: For several weeks, we have been postulating that leadership would emerge in Energy and Technology, and this seems to be true, for the time being. Current laggards are defensive names in Staples, Healthcare, and Utilities, which is to be expected on a rally. Also to be … Read More
SMB Morning Rundown – November 5, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask- Right Thing to Do?
Dear Bella, My name is (name deleted) and I am a twenty year old student at University of Florida. I have been following smbcapital on twitter ever since I saw you guys on Wall Street Warriors. I am more of a currency trader but recently I have been reading your morning rundowns and trying to trade the stock like how … Read More
Learning From a Reader Who Learned From SMB Blog
Today I received this email from a trader who learned from SMB Blog. Perhaps now we can all learn from him. Here are his trades: Attached is a word document with screenshots of a trade I made this morning. I used 2 of your recent blog entries to find a stock and implement your strategy. Probably one of the best … Read More
Lots and Lots of POT Buying
POT was in an intraday downtrend. It looked horrible on the intraday chart. 140 was a huge technical level on our longer term charts. 140 became a humongous intraday level and guys were buying both hands at a time near and around 140. I tried to tweet the unusual buying on the tape, but Twitter was on a siesta. … Read More
Morning Thoughts for November 4, 2010
Good morning traders. Big gap up in the market has us opening firmly above the previous week’s range in the market. We are now just a point in the SPY shy of the 52 week highs at 122.12 which should act like a magnet. Until this market shows us otherwise there is no point looking on the short side except … Read More
SMB Morning Rundown – November 4, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Paying Attention+Communication=$$
We have written many times about the importance of reviewing charts each night for a variety of reasons. One such reason is to spot patterns that seem to be most prevalent during a particular market period. Since earnings season began a few weeks ago I was noticing that quite a few stocks that were trending down in the morning were … Read More