Trading Lesson #1 (Again): Buying A Strong Stock At Prior Day’s Afternoon Support

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson2 Comments

About a year ago I wrote Trading Lesson #1 offering a safe way to buy stocks that had shown strength the prior trading day. Let’s take a look at the price action from DECK today, which was discussed in a separate post yesterday on information flow. DECK showed huge relative strength yesterday to the market taking out two important resistance areas from … Read More

Stock Selection

sspencerSteven Spencer (Steve's) Blogs4 Comments

I received an email yesterday from a reader who asked if I could discuss why we choose to avoid certain stocks. What I would first like to address is the idea of stock selection in general. At SMB we have a very specific methodology to select the best stocks for intraday trading. As most who have read our blog on … Read More