In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves.
Steve discusses the potential trading setups in $SPWR.
Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: [email protected]
Steven Spencer is currently long ACAD, CLDX, CROX, DDD, GM, LQDT, P, SPWR, WAVX and short INTC, KO, NFLX, SPY.
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I’m not trading SPWR, but I was wondering why you were long into today. To me, on the daily, it looks like it broke major support at 27.50 to 28 and that would be resistance now. Obviously not but why were you long? Thanks.
Hi Steve How far out are you on SPY ?