These are today’s top 10 stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates … Read More
Morning Thoughts for December 6, 2010
Good morning traders. Market trading down premarket near support levels from Thursday and Friday. As long as the SPY is able to hold over 122 we should expect a serious attempt for a breakout of this trading range within the next few sessions. I will be watching FCX BIDU and AAPL as market tells. These stocks are all setup to … Read More
Morning Thoughts for December 3, 2010
Good morning traders. SPY trading lower in premarket near the middle of yesterday’s trading range. It is important to consider that the SPY has traded up about five points in the previous three sessions. Until this market proves otherwise I am looking at this down move in the market as consolidation. The bulls are firmly in control on any price … Read More
Morning Thoughts for December 2, 2010
Morning thoughts today from Adam Grimes from the Macro report: For now, the situation is simple. If the market is able to hold these gains and hold above recent resistance (now potential support around 1,200 S&P Cash), then there is a very high probability that we will close the year on the highs. If not, and if we fall back … Read More
Morning Thoughts for December 1, 2010
Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today’s session we have a large gap to the top of the two week range. I am going to be cautious … Read More
Morning Thoughts for November 30, 2010
Good morning traders, morning thoughts today from Adam Grimes at The Macro Report Equities: The US Equities markets opened near support (1,175 S&P Cash), but immediately found a bid and traded up to close near the high of the session. Though, officially, yesterday’s action will stand as downward closes in the major indexes, buyers were truly in control for most … Read More
Follow The Leader
As many of you know, I have been watching FCX as a market tell for some time now. Its’ chart is permanently on my screens as it has been an increasingly important market leader in the past few weeks. Going into today’s session I was watching FCX 96 and SPY 117.60 as my lines in the sand for the market. … Read More
Morning Thoughts on November 29, 2010
Good morning traders, market unchanged has us opening near the lower bounds of the last two week’s trading range. This week I am going to be watching to see how we react with the SPY 50 day moving avg. This avg. is used by larger market participants as a place to add to positions. Besides this price as my ‘line … Read More