We have gotten some comments and emails from some fellow readers asking what is included in our Reading the Tape program so we prepared this syllabus. SMB Reading the Tape Syllabus DAY 1: The Basics The Basics 1. Two quick written lectures on The Level II and The Prints including a Glossary. 2. One 15-minute audio lecture on the Prints … Read More
SMB Training presents the Reading the Tape Program
SMB Training now proudly presents our Reading the Tape training program for new and developing traders. After two months of arduous work we have finally put together an intensive 2 day program available to you for 30 days on our training website. Reading the Tape allows intraday traders to determine the next move in a stock just by examining the … Read More
Summer Crush Turned Long Term Relationship – AIG
The party continues in AIG. After the reverse split the stock has been heavily in play at least 75% of the trading days. Yesterday the stock was not as in play as it had been but still provided some good opportunities. That AIG is like that attractive girl you are happy you met for the summer that later turned into … Read More
From Gman’s Mailbag
A couple of days ago I received this inquiry via email from DH, one of our blog readers. It is a very interesting question so I thought I would share with all of you. Below is DH’s email: “I read the SMB blog and watch the videos every chance I get and I really enjoy them. Thanks for sharing! “I’m a … Read More
The Party Contiues in AIG
I believe Bella said it best yesterday in his post “Don’t start your vacation before your vacation”. AIG was a party all day long. Talk about crazy opportunity on this hot summer day. I want to highlight a few trading levels from today that will be important for tomorrow. First let me just say the following: For the first time … Read More
AIG Shenanigans
AIG, our favorite momentum stock got back in play yesterday off the breakout at $14. I traded it okay yesterday though I didn’t make that much money off the initial point and change move after being long from 13.8. I actually made most of my money off the two consolidations at 16.4 and 18.65. I am still puzzled by the … Read More
Update of the SMB Reading the Tape Program
Lately we have been receiving many inquiries from our fellow readers wanting to learn more about tape reading. We are NOT ignoring your emails and comments in our blogs! Unfortunately tape reading is a complex and extended topic that cannot be covered in a handful of paragraphs. However, because of the high demand we are currently working on developing a … Read More
HGSI – Reading The Order Flow
On Monday I was flipping through my list of earnings stocks trying to find what to trade on the open. While scanning through my overnight winners/losers I came across this stock. I noticed it was up $6 and change in premarket on some dopey news about a phase III on their drug. A considerable gap up for a stock that … Read More