In today’s AM Meeting I mentioned that AMZN has been unusually weak the past couple of days. If it got below 130.50 I thought there would be a lot of momentum longs who would panic and the stock would drop to 128. That trade never materialized. The first move in AMZN was up. The second move in AMZN was up. … Read More
SMB Morning Rundown – April 6, 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 – April 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.
OPENING DAY
Tomorrow is Opening Day! All the statistics from last year are thrown out and we start anew. Spring has arrived with its warmer weather, flowers blossoming and sunlight extended. All those fans of non playoff teams gain a great gift- hope. No matter that the Tampa Rays failed to make the playoffs in 2009 as most predicted- this could be … Read More
Make Each Trade Your Own
This morning we tweeted our Best AM Idea (BAMI) in RIMM. Based on our observation from the after hours trading yesterday we thought it was likely that RIMM would bounce on the Open from 69.50 and have the potential to trade as high as 72. When the market opened RIMM quickly traded down to 69.50 and I got long. Not … Read More
SMB Morning Rundown – April 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
TRADING WITHOUT VISIBILITY (ARQL)
I was flying home from Florida this weekend and we started hitting some serious turbulence on the descent. A woman in front of me popped open the window shade and was startled by the lack of visibility. “How can we land in this? You can’t see a thing!” she shrieked to her significant other (who looked too much like “The Situation” from … Read More
SMB Morning Rundown – March 31, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.