SMB coined the term “intraday fundamentals”. It refers to the study of news patterns that provide us clues to how a stock may move intraday.

The best of these patterns are the all-day trend plays, the result of news that’s so important that the stock may trend for the entire day, no matter how the overall market moves. And these stocks with this specific news will trend beautifully all day, never causing the trend trader much anxiety. The only real challenge is not to be a wuss (exit your winning position because you fear giving back profits).

Today we are holding an all-day workshop with @alphatrends,  the best in the business when it comes to all things technical analysis. Brian wrote the book on technical analysis in multiple time frames. No, I mean literally he wrote the book. SMB will share its trading strategy of making decisions on three factors: intraday fundamentals, reading the tape, and technicals. So we will discuss these all-day trend plays that result mainly from the news, based upon our intraday fundamentals.

Let me offer you the short version. If you ever see the keywords below stop what you are doing and learn as much as you can about the intraday opportunities in a stock:

a) increased margins
b) increased market share
c) beat on revenues for the quarter and the full year
d) new business
e) new product
f) opening near a very significant long term technical level

If you see any of these key words or potential set ups these stocks require your full attention. Start mentally rehearsing A setups in these stock. Start preparing to have a day that can make your month.

I wrote in One Good Trade: Inside the Highly Competitive World of Proprietary Trading (from the “Stocks in Play” chapter), “You are only as good as the stocks you trade.” These key words and setups will offer you six and half hours of potential fun.

Enjoy your weekend.