In this video I discuss how price action following a significant piece of news helps to determine a trading bias. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected]. No relevant positions
Trade Review: Buying SPY & IWM pull backs
Thursday March 10th was a day many traders had circled on their calendars. Often the greatest short term trading opportunities will occur on days where major economic news is announced. The monthly jobs number, quarterly GDP, FED rate decisions and ECB monetary policy fall into this category. Thursday the ECB was set to announce what steps it was planning to … Read More
Trade Review–JCP WTW SUNE SPLK BBY
Every day we hold a pre-market meeting where we discuss the best risk to reward trading setups for the day. The trades fall into 3 categories: Stocks with a fresh news catalyst, “Second Day Plays” that had a catalyst the prior day, and finally “technical setups”. I’ve marked up some charts for five trades I made. 4/5 had a fresh … Read More
Thoughts On Trading Tired
It has been a grueling two weeks. Peak earnings season. Peak bear market. Here are some thoughts on things you can do if felling run down… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 19 years. His email address is: [email protected]. No relevant … Read More
Buying A Market Pull Back–Part II
In Part I I discussed how I put on the breaks on a planned buy in the SPY on 12/11 when price action lowered the probability of a market bounce. This put me in a much better position to play for a bounce on Monday December 14th. Here is a screenshot of my pre-market game plan where I share my … Read More
Buying A Market Pull Back (Part I)
In this video I discuss several aspects of buying a market pull back. Part II of this post will deal with the bounce that occurred on December 14th. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: … Read More
Trading A Beaten Down Name
In this video I walk you through a trade in Horizon Pharmaceuticals (HZNP) which has been crushed recently in the Valient Tsunami. We look at big picture price and what various holders may be thinking We break down intra-day criteria and how to use them for trade confirmation or rejection We identify key price levels prior to entering the trade … Read More
Shorting A Momentum Stock
Last week Under Armour reported earnings and there was a solid short setup. These were my thoughts on UA UA has had a huge run the past year and if the quarterly numbers disappoint many of the momentum investors involved will sell first and ask questions later. This means there could be selling pressure on the stock until it pulls … Read More