Well what looked like was going to be a week for the bears ended up being a pretty good week for he bulls. Let’s keep an eye on that 88 level in the SPY, as it looks like it’s going to come into play again this upcoming week. The dollar index looks like it is breaking down from a bear … Read More
Second Day Play
I like earnings season not only for the volatility that comes from the day a company reports. I also like it for the information that I am able to gain from trading and watching the price action of a particular stock. This information gives me an edge the next day, which gives me a higher probability that my next trade will … Read More
SMB on CNBC’s Fast Money Tonight
Our very own Jeff Tomasulo, senior trader at SMB Capital, will be a guest on CNBC’s Fast Money tonight from 5-6pm. Jeff will discuss Second Day Plays, sharing how to successfully trade second day earnings plays. Jeff has been trading professionally for over thirteen years. We hope you catch Jeff on CNBC. Please feel free to ask him follow up … Read More
Why do you trade?
Why do you trade? I ask this question to myself constantly. There are many reasons. I think you have to ask yourself this before you set goals, while you are setting new ones and while you are trying to accomplish previously set goals. Let me tell you how I set my goals. I look at my trading career as a … Read More
Some Interesting Links From the Past Week
From the people who brought you FAZ and FAS, Direxion, has launched triple T-bond ETF’s. It’s currently very thinly traded, but so were FAZ/FAS when they first started. I think these will become increasing more liquid, and will provide equity traders with an opportunity to trade bonds for volatility swings on the release of economic numbers and Fed meetings. Definitely … Read More
Quick Nighttime Thoughts – The Turn On The Way?
The market has been offering a few clues about a possible pause in the rally run we have had over the past 4-5 weeks. The financials have been a leading sector and I wanted to point out a few things. As I discussed in our AM Meeting, there seemed to be a blow off top in the XLF and IYF … Read More
Loading Up
One of our better traders stopped into my office today to discuss WFR. He was curious where I started buying into its upmove on in the AM. The conversation shifted to loading up in WFC. We discussed good places to load up in WFC on Thursday. Let’s discuss. Developing traders often assume that the best place to load up on … Read More
Weekend Warrior
Your results on Monday will be influenced by the work that you do this weekend. Before we broke for the weekend we met with our desk. And we offered some constructive exercises for their weekend. Be a weekend warrior. Let’s discuss. During the holiday weekend you should perform visualization exercises. What are your mental weaknesses as a trader? Work on … Read More