After the Close we watched video of HRB (H&R Block). 16 was a huge level on our longer term charts. And HRB found this level. And a few interesting questions were raised during our Tradecast. One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right … Read More
SMB Morning Rundown – February 24, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Posting a Personal Best
We have been waiting for WFMI to explode for days. Above 34 and then 34.30 were levels to add size. During our AM meeting GMan pounded the table about buying above 34 and then 34.30. One of our developing traders did and posted a personal best. Chop Rosie! Why did we like this set up? The day after earnings WFMI … Read More
SMB Morning Rundown – February 23, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
How to Make $3k in 30 Seconds
Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. And I was one the chumps who got their RMBS shorts busted after a huge chop. But today the trading Gods smiled on me. There was breaking news in MIL (Millipore Corp). TMO (Thermo Fisher Scientific) it was … Read More
nice terminal
I am hanging out at the beautiful jblu terminal at jfk. In one hour I will be taking off for sunny west palm beach. I decided to participate in one last am meeting prior to my vaca. Most of the stuff I highlighted were strong stock consolidating near highs. Two of them, aapl and rimm, dropped key support prices from … Read More
SMB Morning Rundown – February 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Breaking Your Keyboard
I know that when you trade it’s best to stay calm. And busting your keyboard is not keeping cool. I get and have blogged that you make poor trading decisions when you are not in the zone. But having sat on a prop desk the past 12 years of my life I have heard and seen many smashed, broken, and … Read More
