{"id":76,"date":"2008-07-25T09:26:02","date_gmt":"2008-07-25T13:26:02","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=76"},"modified":"2008-07-26T12:55:59","modified_gmt":"2008-07-26T16:55:59","slug":"am-meeting-summary","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/am-meeting-summary","title":{"rendered":"AM Meeting Summary"},"content":{"rendered":"

CHK–Support 48\/48.30 Resistance 49.60. FNM–Support 11.80 Resistance 12.60. XTO–Resistance 49.20 Support 48.\u00a0 WDC–Support 30. WFR–Support 42 Resistance 44. QCOM–Support 51.70 Resistance 54. WM–Big Seller at 4.04 yesterday.<\/p>\n

Followup (11:15AM): When FNM failed to break above 12.60 we shorted and covered in front of the 11.80 support.\u00a0 When the support dropped we traded it on the short side again for another $1.50.\u00a0 Currently we are long as we believe a bottom was put in at the 10.50 level.\u00a0 First resistance 11.50.<\/p>\n

Some traders caught the break of 30 on WDC.\u00a0 CHK briefly dropped the 48 support but immediately popped back up.\u00a0 If it trades above 49 we will be looking to get long<\/p>\n","protected":false},"excerpt":{"rendered":"

CHK–Support 48\/48.30 Resistance 49.60. FNM–Support 11.80 Resistance 12.60. XTO–Resistance 49.20 Support 48.\u00a0 WDC–Support 30. WFR–Support 42 Resistance 44. QCOM–Support 51.70 Resistance 54. WM–Big Seller at 4.04 yesterday. Followup (11:15AM): When FNM failed to break above 12.60 we shorted and covered in front of the 11.80 support.\u00a0 When the support dropped we traded it on the short side again for another … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8],"tags":[4676,74,18],"class_list":["post-76","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","tag-day-trading","tag-morning-ideas","tag-smb-capital","no-post-thumbnail"],"yoast_head":"\nAM Meeting Summary | 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\/am-meeting-summary\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AM Meeting Summary | SMB Training\" \/>\n<meta property=\"og:description\" content=\"CHK–Support 48\/48.30 Resistance 49.60. FNM–Support 11.80 Resistance 12.60. XTO–Resistance 49.20 Support 48.\u00a0 WDC–Support 30. WFR–Support 42 Resistance 44. QCOM–Support 51.70 Resistance 54. WM–Big Seller at 4.04 yesterday. Followup (11:15AM): When FNM failed to break above 12.60 we shorted and covered in front of the 11.80 support.\u00a0 When the support dropped we traded it on the short side again for another ... 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