Jeff Tomasulo, senior trader at SMB Capital, appeared today on CNBC’s Final Call. Watch the clip below and leave your comments on this blog. Don’t forget to follow us on twitter.
Playing the Range
I have been a regular contributor to CNBC’s Fast Money since April. While I enjoy doing the show and sharing my nuggets of wisdom, the format does not really allow me to fully explain my trading setups and thought process. Often, I only get a few seconds to explain a trade, that, if I was sitting down with someone one … Read More
SMB on CNBC’s Fast Money
Jeff Tomasulo, senior trader at SMB Capital, appeared tonight on CNBC’s Fast Money. Jeff discussed how to trade a range, and highlighted the IBM range between $116 and $120. Don’t forget to follow us on twitter.
I Am a Technical Trader
This afternoon on CNBC’s Fast Money Halftime Report, Dennis Gartman (producer of the respected The Gartman Letter and former futures analyst for A.G. & Becker) and I seemed to dissent about how to play GS. We didn’t. Let’s discuss. About a week ago, I advocated shorting GS at 150 with a stop at 151.17 and a target of 140. For … Read More
Market Commentary from JToma
It seems that the market has finally begun to take a direction after trading in a range for about two weeks. Monday started a sharp sell off in SPY, opening at 94 and closing below the key 93 support level. Today we saw SPY briefly trade above 93 but quickly sell off to close the day at 91.66, breaking all … Read More
A Technical Lesson from JToma
News of lower than expected jobless claims resulted in a quick pre-market spike then sell-off in SPY today. However, on the open it rallied and proceeded to break through the 95.50 resistance level (peaking at 96.11) in the early afternoon. As the end of the trading session neared, sentiment reversed and SPY sold off hard into the close, finishing at … Read More
JToma talks Banks, SPY, and GS on CNBC’s Fast Money Halftime Report
News today was focused the repayment of TARP funds by 10 of the big banks. This news has been circulating in the market for quite some time and I believe that it was priced into the financials. The TARP trade for most financials is finished! In the broader market it seems that we are continuing to trade in a range. … Read More
Buying on Pullbacks
Buying on pullbacks can be difficult to do. But this is a skill that every trader needs to learn to take their game to a new level and become a more consistent trader. Like any other skill, the more you do it, the better you get at it. Below are a few guidelines that have helped me find good entry … Read More