As a trader our quest is to make trading opportunities our own. We are all different. We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. But it is up to find these best ones for us. Today … Read More
SMB Morning Rundown for December 22, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.30(sup) and 111.70(res). Above 111.70, the next resistance level is around 112. Below 111.30, the next support level is 110.75. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CTXS close to 40. Targets: 41.25. … Read More
Congratulations Xanthus Capital Management
SMB is very proud to announce that two of our traders have started their own fund: Xanthus Capital Management. While Connor and G will be missed, we are very excited for them. And since they live around the corner from our new office, I am sure we will still see plenty of them. G has never had a bad day … Read More
SMB Morning Rundown for December 21, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25(sup) and 111.30(res). Above 111.30, the next resistance level is around 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CRM close to 67. Targets: 70, 71. … Read More
Afterhours and Premarket Information
It was a long day yesterday for me with all things partner on my calendar. One meeting meshed into another. A new meeting overlapped a planned one, which followed a new new one, followed by another planned one. You get my point. I was ready to start yet another meeting with the peeps who help us run SMB Training and … Read More
SMB Morning Rundown for December 18, 2009
Today, the Market appears set to open virtually flat. The levels we are watching in the SPY are 110.00(sup) and 110.50(res). Above 110.50 we see upside to 110.80-111. Below 110, there is no clear support level until 109, but the Market may find support higher. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More
Trading RIMM Tomorrow
I had a tough Open today covering two shorts within pennies of their highs and then watching them trade several points lower. The rest of the day was fairly productive as I observed some of the most In Play stocks and called out significant levels to other traders on the desk. But my mood changed from neutral to very positive … Read More
Translator Please- RIMM
I am pretty exhausted. 1) I just traded RIMM in the after-hours for 2 hours. 2) I just listened to their CEO (or someone who does most of the talking during their conference call) explain business and trying to understand the guy required all of my mental energy. What is it with tech types where they think they can just … Read More