{"id":16497,"date":"2012-01-18T11:10:45","date_gmt":"2012-01-18T16:10:45","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=16497"},"modified":"2012-01-18T11:13:02","modified_gmt":"2012-01-18T16:13:02","slug":"the-stt-trade","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-stt-trade","title":{"rendered":"The easiest trade of this open (STT)"},"content":{"rendered":"<p>Scanning the market universe on the open STT, State Street Corporation, caught my eye.<\/p>\n<p>1) I liked that it was down a lot<\/p>\n<p>2) I liked that after the open it showed an ability to move away from prices<\/p>\n<p>3) 40\/39 were levels on my long term charts so it still had room to trade lower<\/p>\n<p>4) There was a nice battle on the tape at 40.50 which I could trade off of<\/p>\n<p>I noticed some on our desk chirping about SWN.\u00a0 My intuition was- not a fan- since it had not shown an ability to move away from prices.\u00a0 There was some chatter about PM.\u00a0 I liked that way that looked, placed a short, but got stopped out.\u00a0 I would make that trade again.\u00a0 Some were hawking the chip makers- LLTC and friends- but again I did not see an ability to move away from prices.\u00a0 CCL as a Second Day Play because it was above 39.80 was at the top of the list.<\/p>\n<p>STT offered the easiest intraday trade of the Open for how I look at the markets.\u00a0 That big battle at 40.50 that I referenced sorted itself out and found the sellers in control.\u00a0 I started a short.\u00a0 STT came back to 40.50 and never lifted this level.\u00a0 This is what I want to see on the Open.\u00a0 Cleanliness.\u00a0 No above and below a level.\u00a0 A level failing and then holding that failure.\u00a0 I can make a lot of money with this pattern.<\/p>\n<p>I sit out of the game, preparing for our Open Review broadcast at 11am to our newer students.\u00a0 But think about your open.\u00a0 Were you in stocks that were clean?\u00a0 Were you in stocks that showed an ability to move away from prices?<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/stt.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16498\" title=\"stt\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/stt.png\" alt=\"\" width=\"606\" height=\"511\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/stt.png 606w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/stt-300x252.png 300w\" sizes=\"auto, (max-width: 606px) 100vw, 606px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/pm.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16499\" title=\"pm\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/pm.png\" alt=\"\" width=\"603\" height=\"514\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/pm.png 603w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/01\/pm-300x255.png 300w\" sizes=\"auto, (max-width: 603px) 100vw, 603px\" \/><\/a><\/p>\n<p>Bella<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/gp\/product\/0470529407\/ref=s9_simh_gw_p14_d6_g14_i1?pf_rd_m=ATVPDKIKX0DER&#038;pf_rd_s=center-6&#038;pf_rd_r=1Y5N73ZPBXBF60QXPB1Q&#038;pf_rd_t=101&#038;pf_rd_p=470938731&#038;pf_rd_i=507846\">One Good Trade<\/a><br \/>\n<a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><br \/>\nno relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scanning the market universe on the open STT, State Street Corporation, caught my eye. 1) I liked that it was down a lot 2) I liked that after the open it showed an ability to move away from prices 3) 40\/39 were levels on my long term charts so it still had room to trade lower 4) There was a &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-stt-trade\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[1990,1964,30,1828,1354,1989],"class_list":["post-16497","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-day-trading-class","tag-learn-to-trade","tag-prop-trading","tag-smbu","tag-trading-coach","tag-trading-course","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The easiest trade of this open (STT) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-stt-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The easiest trade of this open (STT) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Scanning the market universe on the open STT, State Street Corporation, caught my eye. 1) I liked that it was down a lot 2) I liked that after the open it showed an ability to move away from prices 3) 40\/39 were levels on my long term charts so it still had room to trade lower 4) There was a ... 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