$TWTR is a week away from becoming the “hottest” IPO since its much larger cousin $FB went public in May 2012. $TWTR seems intent on not having a repeat performance of the $FB IPO debacle which was a trifecta botch job by the lead underwriter Morgan Stanley, the NASDAQ stock market and the Facebook CFO. $FB went public at a … Read More
So Simple Yet Missed By So Many
I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down … Read More
A Missed Opportunity
A quick note on an error I made this morning in our AM Meeting. We begin the meeting with an overview of the market and then discuss stocks with fresh news. During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. Stock number six on my list was MMR. … Read More
What A Difference A Day Can Make
After a pretty hard down move in the SPY’s yesterday we gapped up today and never looked back. Today’s action reminded me a bit of September 24th when we gapped above 113.60 SPY and never looked back either. On September 23rd there had been some vicious selling but we held the 112 support area. Yesterday we held 113.20. As Brian … Read More
Major Market Sectors and Money Flows
Adam “Aceman” Grimes looks at the money flows between major market sectors
SEED money for the New Year
There’s always something to trade. You just have to be where the volume is. It can take one good stock to make your week, and one good week to make your month. 90% of life is showing up, and for those who showed up today, there was money to be made. We had a repeat offender today, our good old … Read More
Do Not Give Up On The Best Setups
There are several setups for intraday traders that offer the greatest risk/reward. An essential part of our job is being able to identify these setups and not to abandon them if they fail to reap a reward initially. One such setup was offered in CAT this past week. CAT gapped down on abysmal earnings. It spent several days flirting with … Read More
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