Buying on pullbacks can be difficult to do. But this is a skill that every trader needs to learn to take their game to a new level and become a more consistent trader. Like any other skill, the more you do it, the better you get at it. Below are a few guidelines that have helped me find good entry … Read More
SMB on CNBC’s Fast Money Tonight – May 11, 2009
Our very own Jeff Tomasulo, senior trader at SMB Capital, appeared tonight on CNBC’s Fast Money. Jeff discussed buying into pullbacks and highlighted trading setups in V and IBM. Jeff has been trading professionally for over thirteen years. This is must see TV. Best of luck with your trading! Don’t forget to follow us on twitter.
Stay Where The Money Is
WFC has treated me very well lately. On Thursday it sold off hard on the Open and then after some consolidation continued lower. Easy short play. On Friday after a nice gap down it filled the gap and closed at the high with furious buying. Easy long play. This morning I had a decision to make on which stock to … Read More
The Week That Was: May 4 – 8, 2009
What a week for the bulls! Talk about a strong week. Right from the start on Monday morning, the market was bid up. It seems that all news is good news at this point, and above the resistance at 88, it looks like mutual funds have started buying into the move they missed off the lows, after the dismal year … Read More
One That Got Away
RIMM has been my favorite trading stock for the past year or so. I have blogged about trading it a few times already. On Friday it presented a phenomenal trading setup. A setup that I believe works over 70% of the time and offers a risk to reward of greater than 10:1. This setup does not occur that often but … Read More
What Gets Us Short
There is nothing that I have seen as I write to indicate that the market will next trade lower. Nothing. The market is an uptrend. WFC, GS, IBM, APPL, RIMM are leading the way. SPY finished near its high into the Close. There was old school buying into the close in WFC, the bids would not drop and continually stepped … Read More
What Will Make this Market Trade Lower?
That was some serious strength into the Close in the Financials. WFC, MS, and GS all finished at their highs. WFC was strong like a bull. The buying was relentless. And we saw something old school (not the movie) with bids not dropping, and then stepping higher, like back in the late 90’s. WFC was bought like YHOO in the … Read More
Bella Responds
1 ) Thank you for your posts. I was very impressed with the advice given. I am not sure what you all need me for anymore. Great work! 2 ) Mentoring a developing trader, even if you are also a developing trader, makes your own trading better. For those who shared their ideas I hope you recognize the value in … Read More
