All major US indices finished more than 4% higher Wednesday, holding the big gap up the entire day and roaring higher into the close. The catalyst for the move was the announcement that major central banks around the world will...
Read MoreTo many new stock traders, learning how to read charts can be an exciting starting point into the maze of making money from day trading stocks. There certainly is no shortage of books and websites that will teach the many...
Read MoreUS stock futures are sharply higher this morning, S&P e-minis are up more than 2.5%, after news of a coordinated effort by Central Banks to boost the global financial system. World markets have been rallying over the past...
Read MoreAmerican Airlines is a sad example of the type of over-regulation that is strangling the US economy. Today, the airline’s parent company, AMR Corp (AMR), voluntarily filed for Chapter 11 bankruptcy. AA had fallen from its...
Read MoreThe S&P eked out a 0.2% gain Tuesday while the Nasdaq dropped 0.5%. Bulls were unable to build on yesterday’s rally, most of which came over the weekend. Although we are significantly higher than Friday’s close,...
Read MoreLast week we talked about the casino’s edge which in the trading world is called expectancy, but all that expectancy tells us is whether or not our trading strategy is likely to be profitable or not–but not how much...
Read MoreThe markets continue to make it difficult for those of us that are looking for longer than a day trade, especially with the VIX reading above 30. The VIX has been above 25, and for the most part between 30 and 48, for every day...
Read MoreUS stock futures point to a higher open again Tuesday, but are well off early morning highs after American Airlines filed for voluntary Chapter 11 bankruptcy. Hopes continue to surge that Europe will again take action to stem...
Read MoreThe S&P finished Monday up nearly 3% following a strong start to holiday shopping season and optimism about further intervention in Europe. The Nasdaq was even strong today, finished up 3.5%. Stocks closed about where they...
Read MorePrior to the Open of Friday’s shortened trading session there was not much in the way of fresh news catalysts. So my first trading choices were second and third day plays. For those of you who are new to the SMB Blog you...
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