Taking A Look Under The Hood

sspencerSteven Spencer (Steve's) Blogs, Trading Theory2 Comments

In the world of day trading we like to say that earnings season is our “playoffs”.  It only occurs four times per year and is a time where trading opportunities abound.  The most difficult thing during earnings season for traders is remaining focused on their best ideas and not attempting to bite off more than they can chew.  If a … Read More

Seconday Price Pattern: AMP, JLL

smbcapitalMike Bellafiore's (Bella's) Blogs2 Comments

We spotted a trading pattern in AMP and JLL this week.  Both traded below important support, their secondary price offering, and had a decent downmove below.  Let’s discuss how to trade a Secondary Price, and the pattern we discovered. Trading a secondary is a simple trade.  Above the secondary price we are long.  Below the secondary price we flip our … Read More

From the Mailbag- RIMM

BellaGeneral Comments4 Comments

I received this question last night about a recent Tweet where we suggested an excellent entry for RIMM.  Let’s read the question and then discuss. Dear Mike, I have been following SMB via Twitter and your blogs for some time now and have got a lot out of the posts. So thank you and all at SMB for that. I … Read More

A Technical Lesson from JToma

ajamesGeneral Comments, Jeff Tomasulo's Blogs3 Comments

News of lower than expected jobless claims resulted in a quick pre-market spike then sell-off in SPY today. However, on the open it rallied and proceeded to break through the 95.50 resistance level (peaking at 96.11) in the early afternoon. As the end of the trading session neared, sentiment reversed and SPY sold off hard into the close, finishing at … Read More