Category Archive

Some weakness overnight with congress failure to come up with agreement to raise debt ceiling. strong backdrop still exists overall and the market is well above overnight lows. SPY levels to watch 133.15-133.25 support. 133.90-134 resistance. 134.80 resistance. 132.75 support. Best Am Idea: Long ETFC above 16.50 level

Market has moved up quite a bit this week. We are due for a pullback so want to be cautious unless we can hold above 134.80. below 134.35 be cautious until we test the 133.90-134 area. Best AM Idea: Long SNDK on pull back to 43 level

Yesterday earning season continued as stocks reacted in a mixed manner. Looking for market to hold the 133.00 key support level for a push higher for the follow-through from the action on yesterday and Tuesday. Our attention will be focused on PEP, LVS, STX, and RVBD. Our morning idea is RVBD as we’re looking for a continuation as it needs … Read More

Market gapping down this morning prmkt. we have already touched the130.70 support and had a small retracement. the real earnings season starts this week with BIDU and IBM reporting after the close today. we will have a greater understanding of psych of mkt as earnings role out this week. remember that earlier this month it seemed like we would break … Read More

The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.

The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.

The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.

The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.