{"id":7229,"date":"2010-09-21T08:55:41","date_gmt":"2010-09-21T12:55:41","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7229"},"modified":"2023-03-30T09:39:48","modified_gmt":"2023-03-30T13:39:48","slug":"morning-thoughts","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts","title":{"rendered":"Morning thoughts for September 21, 2010"},"content":{"rendered":"<p>Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session.\u00a0 On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support in yesterday\u2019s strongest stocks. I want to remind traders that the FOMC decision is today at 2:15 pm, usually the market gets very quiet before this announcement. \u00a0In terms of upside resistance in the market, there really isn\u2019t much until 1,160 on the S&amp;P. While we are extended in the short term (particularly tech) there is no reason to fight this momentum.<\/p>\n<p>Follow me on Twitter @JoeP_SMB<\/p>\n<p>S&amp;P Levels<\/p>\n<p>Resistance\u00a0\u00a0 1140<\/p>\n<p>Support\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1132.25\u00a0\u00a0\u00a0 1130<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/22.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7230\" title=\"2\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/22.bmp\" alt=\"\" width=\"502\" height=\"470\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session.\u00a0 On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":124,"featured_media":7230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[162,30,50,18,1193,653,1354,1349],"class_list":["post-7229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-day-trading-blog","tag-prop-trading","tag-proprietary-trading","tag-smb-capital","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning thoughts for September 21, 2010 | 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\/morning-thoughts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning thoughts for September 21, 2010 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session.\u00a0 On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts\" \/>\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=\"2010-09-21T12:55:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-30T13:39:48+00:00\" \/>\n<meta name=\"author\" content=\"Joe Palau\" \/>\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=\"Joe Palau\" \/>\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\" 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