Trade Review: Buying SPY & IWM pull backs

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson

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

Market Review with Andrew

smbcapitalGeneral CommentsLeave a Comment

In this video, Andrew shows a way to filter out the noise and navigate the swings in the market. This example uses multiple time frames on the S&P 500 to give context for proactively managing equities and options positions. Enjoy the video! Andrew is a portfolio manager with Sabal Tree and a contributor to SMB Training. Risk Disclaimer no relevant … Read More

Trading Lesson #1 (Again): Buying A Strong Stock At Prior Day’s Afternoon Support

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson2 Comments

About a year ago I wrote Trading Lesson #1 offering a safe way to buy stocks that had shown strength the prior trading day. Let’s take a look at the price action from DECK today, which was discussed in a separate post yesterday on information flow. DECK showed huge relative strength yesterday to the market taking out two important resistance areas from … Read More