In this video I offer some thoughts for how the market is setting up for the second week of February. If you are interested in our process for finding the best trading setups each day join me for a free webinar Monday February 8th at 4:30PM. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading … Read More
Pre-Market Trade Prep–TWTR TYC SBUX
Each morning before the market opens we outline a series of trading ideas. There is a written “game plan” to make it easier to follow along. We identify the best stocks to trade before the opening bell as this puts us in a better position to execute in the heat of the moment. Here is a screen cap of the … Read More
Buying A Market Pull Back–Part II
In Part I I discussed how I put on the breaks on a planned buy in the SPY on 12/11 when price action lowered the probability of a market bounce. This put me in a much better position to play for a bounce on Monday December 14th. Here is a screenshot of my pre-market game plan where I share my … Read More
Buying A Market Pull Back (Part I)
In this video I discuss several aspects of buying a market pull back. Part II of this post will deal with the bounce that occurred on December 14th. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: … Read More
The Problem With Jim Cramer
For those who aren’t familiar with Jim Cramer he is a former hedge fund manager who now has a show on CNBC where he offers investment opinions on hundreds of stocks each month. Cramer’s background is typical for the majority on Wall Street. Ivy League educated he began his career in sales at Goldman Sachs before starting his own fund … Read More
How Is The Market Reacting To Fear?
As professional market participants part of our job is to make decisions when real world events spill over into the markets that we are trading. In this video I offer some thoughts on the trading environment following the terrorist attacks that took place in Paris. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, … Read More
Trading A Beaten Down Name
In this video I walk you through a trade in Horizon Pharmaceuticals (HZNP) which has been crushed recently in the Valient Tsunami. We look at big picture price and what various holders may be thinking We break down intra-day criteria and how to use them for trade confirmation or rejection We identify key price levels prior to entering the trade … Read More
Execution Trumps Trading Ideas Every Time
The fourth stock discussed in today’s AM Meeting was NXPI. It was gapping lower on very negative guidance for next quarter. A common intra-day pattern with this type of news is an explosive move to the upside in the first few minutes followed by a downside reversal. I noted in the meeting that because the gap was so large the … Read More