It is my belief that for a short term trader to reach the upper echelon of their profession they have to have an extensive playbook. As we train and watch new traders develop we have found that those who become profitable master one or two of their best setups. The few that go on to further success become very good … Read More
Spencer Trade Review – $CLF 09.17.12
Steve discusses CLF’s recent trading activity and a few trades that he made in it on September 17th. Steve Spencer *no relevant positions
$GMCR Changes Direction
GMCR has been an excellent intraday trading vehicle for the past four days. It first caught my attention on Friday when it had a high volume break above a long term resistance area (see chart). Whenever a momo stock, or former momo in this case, has a high volume move I give it special attention. Momo stocks are repeatedly pushed … Read More
Free Webinar Recording – Trading Follow Through Trades with Steve Spencer
The theme for Steve Spencer’s 2012 Webinar Series will be “Do the Right Thing”. On the third webinar of the year, Steve discussed how to enter follow through trades in the days following a powerful earnings move. He discussed GMCR, FSLR, FOSL, KORS and LNKD. Trading Follow Through Trades with Steve Spencer from smbcapital
Spencer Trade Review—$JCP $MNST $FIO
Steve Spencer reviews trading opportunities in JCP, MSNT and FIO from August 11th 2012 Steve Spencer * No Relevant Positions
Knight Falls
When US equities markets opened yesterday a 9:30AM EDT many stocks were more illiquid than usual (the norm for our markets is very little liquidity during the first 30 minutes of trading). On our desk you could hear Bella barking about erratic price behavior and lack of liquidity. We fired off emails to our broker dealer and technology providers trying … Read More
Spencer Trade Review: $LXK $GMCR
* No relevant Positions
One Netflix Trade
NFLX has been in play since the huge move on Thursday. I looked to trade it on the short side on Friday as it was overextended and had a powerful Opening Drive to the downside. It ended trading off about four points from its high but failed to close below 81 which had been a key support level on Thursday. … Read More