{"id":23954,"date":"2013-02-11T07:30:17","date_gmt":"2013-02-11T12:30:17","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=23954"},"modified":"2023-04-10T15:15:41","modified_gmt":"2023-04-10T19:15:41","slug":"my-thought-process-mco","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/my-thought-process-mco","title":{"rendered":"My Thought Process: $MCO"},"content":{"rendered":"<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCo3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23957\" title=\"MCo3\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCo3.jpg\" alt=\"\" width=\"622\" height=\"69\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCo3.jpg 622w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCo3-300x33.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCo3-250x27.jpg 250w\" sizes=\"auto, (max-width: 622px) 100vw, 622px\" \/><\/a><\/p>\n<p>I shared this because it moved above INTU into the #1 spot on SMB Radar &#8220;weak today&#8221;, while it was also #4 for &#8220;in play&#8221;. Stocks that appear across the top of multiple lists in the <a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">SMB Radar<\/a> usually offer the best risk\/rewards setups.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO2.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"MCO2\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO2.jpg\" alt=\"\" width=\"614\" height=\"69\" \/><\/a><\/p>\n<p>A quick look the daily chart shows the next possible support area which had been resistance<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-daily-with-target-area.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23976\" title=\"mco daily with target area\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-daily-with-target-area.png\" alt=\"\" width=\"480\" height=\"336\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-daily-with-target-area.png 1000w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-daily-with-target-area-300x210.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-daily-with-target-area-250x175.png 250w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23955\" title=\"MCO1\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO1.jpg\" alt=\"\" width=\"614\" height=\"66\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO1.jpg 614w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO1-300x32.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/MCO1-250x26.jpg 250w\" sizes=\"auto, (max-width: 614px) 100vw, 614px\" \/><\/a><\/p>\n<p>if a stock drops extremely quickly to a target area on huge volume best to get flat. The other factor that caused me to cover the entire position was my belief that funds who were short the stock would press it below the weekly low causing many stops to be triggered and once those stops had been filled it could quickly bounce back.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-5-min-capitulation-below-weekly-low.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23977\" title=\"mco 5 min capitulation below weekly low\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-5-min-capitulation-below-weekly-low.png\" alt=\"\" width=\"480\" height=\"336\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-5-min-capitulation-below-weekly-low.png 1000w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-5-min-capitulation-below-weekly-low-300x210.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2013\/02\/mco-5-min-capitulation-below-weekly-low-250x175.png 250w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/a><\/p>\n<h4>For more details on my entries, exits and stops take a look at <a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">SMB Real Time<\/a>.<\/h4>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I shared this because it moved above INTU into the #1 spot on SMB Radar &#8220;weak today&#8221;, while it was also #4 for &#8220;in play&#8221;. Stocks that appear across the top of multiple lists in the SMB Radar usually offer the best risk\/rewards setups. A quick look the daily chart shows the next possible support area which had been resistance &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/my-thought-process-mco\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":23956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8],"tags":[],"class_list":["post-23954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-steven_spencer_steves_blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>My Thought Process: $MCO | 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\/my-thought-process-mco\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My Thought Process: $MCO | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I shared this because it moved above INTU into the #1 spot on SMB Radar &#8220;weak today&#8221;, while it was also #4 for &#8220;in play&#8221;. 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