Trading AAPL Tomorrow?

sspencerSteven Spencer (Steve's) Blogs, Trading IdeasLeave a Comment

If you would like to learn how to think like a professional trader pick up a copy of¬†The Playbook¬†today! Top 10 in Amazon Finance and from the author of One Good Trade the #1 Trading book in 2010. Here is my thought process going into tomorrow’s trading for AAPL: AAPL initial reaction was positive due to a combination of lowered … Read More

I am a Simpleton

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs2 Comments

AM Meeting Synopsis: FDX is gapping lower on reduced guidance. Looks like it is going to open around 82.50, which is longer term support. Look to trade short below that level but if supports there look to trade long above 103. The Open: FDX opens just below 102.50 so initiate a short. Maintain the position until the downtrend is broken. … Read More

Free Webinar Recording – Trading Follow Through Trades with Steve Spencer

smbcapitalGeneral Comments, Seminar Videos, SMB Video Blogs, Steven Spencer (Steve's) Blogs1 Comment

The theme for Steve Spencer’s 2012 Webinar Series will be “Do the Right Thing”. On the third webinar of the year, Steve discussed how to enter follow through trades in the days following a powerful earnings move. He discussed GMCR, FSLR, FOSL, KORS and LNKD.   Trading Follow Through Trades with Steve Spencer from smbcapital  

Nasty Is As Nasty Does

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson1 Comment

On February 7th we discussed CSTR in the AM Meeting. It was gapping higher on a better than expected earnings announcement. But the price action in the pre-market was erratic. There were no clear pre-market trends and when it moved above/below s/r levels it would quickly reverse. This is a stock that I will not touch on the Open. Stocks … Read More