With my post nasal drip cough I tucked myself into my trading station ready to perform. AST who sits to my left was interested in RHT. I didn’t have a stock(s) I needed to trade, so I traded his. RHT on the Open was a lesson in how not to lose money. 1) RHT first moved higher after its gap … Read More
SMB Morning Rundown for December 23, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. … Read More
SMB Morning Rundown for December 22, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.30(sup) and 111.70(res). Above 111.70, the next resistance level is around 112. Below 111.30, the next support level is 110.75. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CTXS close to 40. Targets: 41.25. … Read More
SMB Morning Rundown for December 21, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25(sup) and 111.30(res). Above 111.30, the next resistance level is around 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CRM close to 67. Targets: 70, 71. … Read More
SMB Morning Rundown for December 18, 2009
Today, the Market appears set to open virtually flat. The levels we are watching in the SPY are 110.00(sup) and 110.50(res). Above 110.50 we see upside to 110.80-111. Below 110, there is no clear support level until 109, but the Market may find support higher. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More
Trading RIMM Tomorrow
I had a tough Open today covering two shorts within pennies of their highs and then watching them trade several points lower. The rest of the day was fairly productive as I observed some of the most In Play stocks and called out significant levels to other traders on the desk. But my mood changed from neutral to very positive … Read More
Translator Please- RIMM
I am pretty exhausted. 1) I just traded RIMM in the after-hours for 2 hours. 2) I just listened to their CEO (or someone who does most of the talking during their conference call) explain business and trying to understand the guy required all of my mental energy. What is it with tech types where they think they can just … Read More
SMB Morning Rundown for December 17, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.50(sup) and 111(res). Above 111 we see upside to 111.40. Below 110.50, the next support level is 110.25. Our best AM Idea for today, which we highlighted in our AM Meeting is short AMZN at 129.35. Tgt: 127.70 Don’t forget to follow us … Read More