Twittergeddon!

sspencerSteven Spencer (Steve's) BlogsLeave a Comment

The after hours price action in TWTR was epic. The market had been anticipating a large move following its earnings release based on how pricey its options contracts were prior to the announcement. And TWTR certainly didn’t disappoint. After closing the regular session at 36.50 it traded above 40 when its earnings were released. It beat on both top and bottom line … Read More

Trading Lesson: Explosion After Rest—$TWTR

sspencerGeneral Comments, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Technical Plays, Trading LessonLeave a Comment

Today’s video trade review highlights a few key points for short-term equity trading. One, how to identify important “inflection points” which can be used as the basis for low risk high reward trades; two, when to consider getting back into a position that doesn’t work initially; and three, how to actively manage a position versus taking your hands off the keyboard and letting … Read More

The Reversal Trade: $TWTR

sspencerGeneral Comments, SMB on TV, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading LessonLeave a Comment

The short setup that continues to yield the best results in this Raging Bull market is finding stocks that have run for several days and then looking for a “catalyst” for a change in direction. In our last Two Minute Trade Review, $AAPL had a news catalyst that created a short term top (currently about $20 lower). In this example I was … Read More