I woke up to a dream today and it was the market! If you are a short-term trader then it is time to start brown bagging your lunch if you haven’t already. Today’s final 80 minutes of trading provided as much opportunity as you see in an entire trading day. This followed the meltdown we saw yesterday in the final … Read More
Traders Ask- Why Hold?
Yesterday I posted Important Intraday Resistance Level (BIDU). Tapetrader followed up with this excellent question: Bella: I have a question regarding holding BIDU. At 1pm it was the lasttime BIDU touched the 72.5 lvl. What followed was sideways consolidation for a long period of time, and some spike ups and what looks like higher highs. Even though 72.5 is a … Read More
SMB Morning Rundown – May 25, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Important Intraday Resistance Level Trade (BIDU)
BIDU came off from 73.30ish after a gap open. 72.50 offered resistance on the tape. I started a small short. BIDU came off another point. But then things got even more interesting……. 72.50 was a level that we spotted on the tape. And BIDU traded off another point from this weakness and resistance level we spotted on the tape. But … Read More
SMB Morning Rundown – May 24, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Rundown – May 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB Morning Rundown – May 20, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.