Good morning traders. Market gapping down to the lower extreme of Friday’s trading range. This market continues acting very resilient, with buyers at every down move. Late last week we finally saw leadership from the financial sector, which broke out from a 2 month trading range. In the next sessions I will be watching this sector for continuation. I wouldn’t … Read More
SMB Morning Rundown – November 8, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Reading the swings in the market
A look at reading the overall market during the trading day.
A ?4 the Trading Community (Part II)
I received the email below from an SMB Blog Reader: I’m sure you are really busy so I don’t necessarily expect a reply or anymore of your time..I do want to say Thanks again however. I have pinpointed my issue..and it seems crazy. I don’t seem to have the balls to saty in winners long enough. Every thing I went long in … Read More
You Don’t Need To Be A Hero When Trading
This AM I tweeted that I thought LVS was getting a bit overdone. These words of caution were intended to put those still trading it on the long side on alert for a possible blowoff top and reversal. LVS at its peak today had moved up 40% from its pre-earnings closing price. Too much too fast. Those who bought on … Read More
A ?4 the Trading Community
I received the email below from an SMB Blog Reader: I’m sure you are really busy so I don’t necessarily expect a reply or anymore of your time..I do want to say Thanks again however. I have pinpointed my issue..and it seems crazy. I don’t seem to have the balls to saty in winners long enough. Every thing I went long … Read More
Morning Thoughts for November 5, 2010
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