{"id":43078,"date":"2016-02-03T08:24:59","date_gmt":"2016-02-03T13:24:59","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43078"},"modified":"2016-02-03T08:33:17","modified_gmt":"2016-02-03T13:33:17","slug":"a-tale-of-two-dows","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-tale-of-two-dows","title":{"rendered":"A Tale of Two DOWs"},"content":{"rendered":"<p>Yesterday, the Dow Jones Industrial Average declined over 250 points while DOW chemical rose over 5%.<\/p>\n<p>This was a textbook &#8220;stock in-play&#8221;. It was gapping higher, the desk identified clear levels to buy from (as mentioned in Trader90 AM meeting and Big Picture Game Plan), and the potential trade back to resistance was greater than the potential risk below support.<\/p>\n<p>This is not about predicting that it would go higher. It&#8217;s all about finding stocks in play, identifying favorable risk vs. reward, and letting it play out. If the stock traded lower for a loss, it still would have been a great trade. Because a great trade is one that can be repeated a thousand times and provide a positive expectation of profit.<\/p>\n<p>AM Game Plan Notes Shared in Trader90<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-43079 aligncenter\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-1024x531.jpg\" alt=\"DOW\" width=\"664\" height=\"344\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-1024x531.jpg 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-300x156.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-768x398.jpg 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW.jpg 1035w\" sizes=\"auto, (max-width: 664px) 100vw, 664px\" \/><\/p>\n<p>Subsequent Price Action<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-43080 aligncenter\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-chart.jpg\" alt=\"DOW-chart\" width=\"605\" height=\"655\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-chart.jpg 605w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-chart-277x300.jpg 277w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW-chart-300x325.jpg 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>In Trader90, you get access to our best ideas each morning. Learn about in-play stocks, tradeable levels, second-day plays, and changing fundamental trades throughout the day.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">Join SMB Trader90 Now <\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42986 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg\" alt=\"trader90\" width=\"600\" height=\"220\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901-300x110.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>No relevant positions.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, the Dow Jones Industrial Average declined over 250 points while DOW chemical rose over 5%. This was a textbook &#8220;stock in-play&#8221;. It was gapping higher, the desk identified clear levels to buy from (as mentioned in Trader90 AM meeting and Big Picture Game Plan), and the potential trade back to resistance was greater than the potential risk below support. &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-tale-of-two-dows\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":43079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2724,1323],"class_list":["post-43078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-dows","tag-tale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Tale of Two DOWs | 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\/a-tale-of-two-dows\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Tale of Two DOWs | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Yesterday, the Dow Jones Industrial Average declined over 250 points while DOW chemical rose over 5%. This was a textbook &#8220;stock in-play&#8221;. It was gapping higher, the desk identified clear levels to buy from (as mentioned in Trader90 AM meeting and Big Picture Game Plan), and the potential trade back to resistance was greater than the potential risk below support. ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-tale-of-two-dows\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-03T13:24:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-02-03T13:33:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/02\/DOW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1035\" \/>\n\t<meta property=\"og:image:height\" content=\"537\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"smbcapital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"smbcapital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-tale-of-two-dows#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-tale-of-two-dows\"},\"author\":{\"name\":\"smbcapital\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/57cc9affbbb6763e0012594ad884b25a\"},\"headline\":\"A Tale of Two 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