Steven Spencer

Steven Spencer

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SMB Capital co-founder; intraday and swing momentum trading, trader development.

Selling Pressure Sparks Fresh Intraday QQQ Highs
SocialApr 15, 2026

Selling Pressure Sparks Fresh Intraday QQQ Highs

every instance of selling pressure today has been followed by a new intraday high. 🤔$QQQ https://t.co/nJ8Ad7tkNo

By Steven Spencer
Buy Deep OTM SPX Puts on Potential Tanker Attack
SocialApr 14, 2026

Buy Deep OTM SPX Puts on Potential Tanker Attack

a pretty good asymmetric trade would be buying some WAY OTM SPX puts for May on the off chance Hegsweth decides to torpedo a Chinese oil tanker... thoughts?

By Steven Spencer
Demis Debunks Viral Claim of Google's Slow AI Adoption
SocialApr 14, 2026

Demis Debunks Viral Claim of Google's Slow AI Adoption

Demis calls BS on the viral post about slow internal AI adoption at Google. $GOOGL https://t.co/5J8YNOIxN1

By Steven Spencer
Amazon's Faster, Single-Dish Wi‑Fi Wins Delta over Starlink
SocialApr 13, 2026

Amazon's Faster, Single-Dish Wi‑Fi Wins Delta over Starlink

This may explain why Delta went with Amazon instead of Starlink. 3X the download speed and only a single dish required for each aircraft. $AMZN $DAL

By Steven Spencer
QQQ Spike Fades, TSLA Retracement Signals Buy
SocialApr 13, 2026

QQQ Spike Fades, TSLA Retracement Signals Buy

two things outlined in prmkt meeting have already occured: 1)QQQ spike above 611. this is a fade 2)TSLA drive above 350. this is a buy on a retracement

By Steven Spencer
Musk Pivots From Covid Errors to Vaccine Advocacy
SocialApr 12, 2026

Musk Pivots From Covid Errors to Vaccine Advocacy

It wasn't sufficient for Musk to have gotten everything wrong on Covid at the time so he's now a *vaccine truther*. https://t.co/uOnL637BEi

By Steven Spencer
No Kraken Account, yet Hackers Keep Trying
SocialApr 10, 2026

No Kraken Account, yet Hackers Keep Trying

whoever just tried to hack into my Kraken account. i don't have a Kraken account. carry on!

By Steven Spencer
QQQ Poised to Test 612 After
SocialApr 10, 2026

QQQ Poised to Test 612 After

$QQQ spiked above 612 on the CPI print where we failed early march before the sell off. --i expect we will fail there today but if not look out above.. https://t.co/NQjjOdJBMM

By Steven Spencer
Google's Dutch Auction IPO Still Seen Overvalued
SocialApr 9, 2026

Google's Dutch Auction IPO Still Seen Overvalued

To be clear when Google IPO'd most on Wall Street believe it was "insanely overvalued". That was even with sppressed pricing because Google chose to not do a traditional IPO but rather a *dutch auction*. The pricing was so low that neither...

By Steven Spencer
Tesla Rebounds Above $340, Eyes $350 to End Dip
SocialApr 9, 2026

Tesla Rebounds Above $340, Eyes $350 to End Dip

$TSLA back above 340 after testing this week's low and being bought at S2. this is typically how it bottoms. a couple of closes above 350 would negate recent downward momentum. https://t.co/jZW69oVwfM

By Steven Spencer
Can Europe’s Non‑intervention in Hormuz Be Bet?
SocialApr 9, 2026

Can Europe’s Non‑intervention in Hormuz Be Bet?

i don't think Europe will send military forces to Hormuz. can i bet on this @kalshi?

By Steven Spencer
Tesla Launches FSD Workshops for New Owners
SocialApr 9, 2026

Tesla Launches FSD Workshops for New Owners

Tesla has started inviting new owners to "FSD Workshops" to learn more about their cars autonomous capabilities. $TSLA https://t.co/5CTYxOxqOU

By Steven Spencer
Musk Eyes SpaceX IPO This Summer, Beating AI Rivals
SocialApr 8, 2026

Musk Eyes SpaceX IPO This Summer, Beating AI Rivals

Musk, who’d long insisted he would never take SpaceX public—at least not until it had established a Mars colony—appears to be trying to beat AI rivals Anthropic and OpenAI to the public markets as early as this summer. https://t.co/HOEydX4Vk4

By Steven Spencer
TSLA Must Stay Above 342 for Call Profit
SocialApr 7, 2026

TSLA Must Stay Above 342 for Call Profit

bought some 350 calls for next week. probably needs to start holding above 342 today for a bounce. $TSLA

By Steven Spencer
Expect QQQ Bounce to 585 After Trump‑triggered Dip
SocialApr 7, 2026

Expect QQQ Bounce to 585 After Trump‑triggered Dip

market started dropping in trump's truth social post. i held the $QQQ bid at 583.25. look for retracement back to 585.

By Steven Spencer
Claude AI Pinpoints Cause of Recent Overcharges
SocialApr 6, 2026

Claude AI Pinpoints Cause of Recent Overcharges

It looks like @claudeai has identified why we have been getting overcharged for the past week. Identified an issue resulting in elevated errors on CaludeAI

By Steven Spencer
NY Sparks Debate Over Inevitable Driverless Car Future
SocialApr 6, 2026

NY Sparks Debate Over Inevitable Driverless Car Future

Across NY, debate about the inevitability of driverless cars begins $TSLA $GOOGL https://t.co/FPsUttlkYT via @CityAndStateNY

By Steven Spencer
Tesla Gains as BYD Loses: Chinese Consumers Choose Wisely
SocialApr 2, 2026

Tesla Gains as BYD Loses: Chinese Consumers Choose Wisely

Tesla is growing in China. Byd is shrinking in China. Chinese consumers are smart. $TSLA

By Steven Spencer
Profiting without Catching Day‑1 Oversold Bounce
SocialApr 1, 2026

Profiting without Catching Day‑1 Oversold Bounce

you don't have to catch an oversold bounce on Day 1 to do very well. i highlighted $MU in the pre-market meeting because it had only bounced $30 after a quick $160 decline. it was #1 long on desk today and more...

By Steven Spencer
Buy More SpaceX Shares As Valuation Drops
SocialApr 1, 2026

Buy More SpaceX Shares As Valuation Drops

SpaceX IPO likely in June. Here is how I'm thinking about participation: 1)priced at $1.75T i'll buy zero shares 2)priced at $1.5T i'll buy 25% position 3)priced at $1.25T i'll buy 50% postion 4)priced at $1T i'll buy a full position

By Steven Spencer
Tesla's 390K Delivery Target Sparks Growth Optimism
SocialApr 1, 2026

Tesla's 390K Delivery Target Sparks Growth Optimism

--Aggressive Tesla delivery forecast. --if Tesla delivers 390K there will be a ton of positive headlines about *growth* resumption. --numbers will be released before Open tomorrow. $TSLA

By Steven Spencer
QQQ Dips Early, Aiming for 580 Rebound
SocialMar 31, 2026

QQQ Dips Early, Aiming for 580 Rebound

we hit the $QQQ downtrend 1-2 days earlier than expected. hopefully today's move attracts more buyers tomorrow and we move to the 580s... https://t.co/8I8w79nBOT

By Steven Spencer
Going Long on Big‑Tech Options Through 2026‑2027
SocialMar 31, 2026

Going Long on Big‑Tech Options Through 2026‑2027

i put on some medium and longer term positions past few days. $TSLA long 400 calls June 2027. (2X'd position) $MSFT short 350 puts and long 370 calls June 2026. $GOOGL short 260 puts and long 290 calls April 27th.

By Steven Spencer
Anticipating QQQ Break Below 560 for Bigger Exposure
SocialMar 30, 2026

Anticipating QQQ Break Below 560 for Bigger Exposure

i've been waiting for the 560 flush for awhile... the bigger the drop below 560 tmrw the more exposure i want to have. $QQQ https://t.co/rfJPBXHkqc

By Steven Spencer
Key Factors for Successful Breakout Trades Explained
SocialMar 22, 2026

Key Factors for Successful Breakout Trades Explained

The SMB podcast dives deep into all the factors to consider when considering *breakout trades*. https://t.co/j8CijnGt31

By Steven Spencer
Elon Preps Tesla‑SpaceX Merger; Terafab Advances Plan
SocialMar 22, 2026

Elon Preps Tesla‑SpaceX Merger; Terafab Advances Plan

Elon's been laying the groundwork for Tesla to merge with SpaceX. Terafab is a continuation of that goal...

By Steven Spencer
Short‑term Traders Eye 580 Close, Expect Monday Panic Low
SocialMar 20, 2026

Short‑term Traders Eye 580 Close, Expect Monday Panic Low

from a short term trading perspective best case would be a close closer to 580 than 590 and a panic low monday morning. $QQQ https://t.co/FgpBvybxaM

By Steven Spencer
QQQ Dips Below 595 for First Time in Months
SocialMar 20, 2026

QQQ Dips Below 595 for First Time in Months

4hr bars. this is the first time $QQQ has spent more than a few hours below 595 the past few months. https://t.co/hLFzKzlkWn

By Steven Spencer
SMCI Executives Falsified Books and Smuggled Chips to China
SocialMar 20, 2026

SMCI Executives Falsified Books and Smuggled Chips to China

it wasn't enough for these guys to *cook the books*. they had to illegally send chips to china. $SMCI

By Steven Spencer
QQQ Repeatedly Breaks Pre‑Market Support, Turning It Into Resistance
SocialMar 19, 2026

QQQ Repeatedly Breaks Pre‑Market Support, Turning It Into Resistance

$QQQ has failed 3X at pre-market support. *support becomes resistance*. why does this happen so often? https://t.co/0jxQyPgMtd

By Steven Spencer
Abundant Money Missed: Reevaluate Your Strategy
SocialMar 19, 2026

Abundant Money Missed: Reevaluate Your Strategy

if you failed to make money on this Open you need to review your process. there was too much money and good risk/reward to have not pulled money out of the market. $QQQ $MU $SLV https://t.co/Ldkou9WOfj

By Steven Spencer
Micron Bounces to S1, Must Hold
SocialMar 19, 2026

Micron Bounces to S1, Must Hold

$MU #1 GP nice bounce from S3 to S1. needs to hold above S1 for a real reversal... https://t.co/p5x41JetUu

By Steven Spencer
AI Pre‑Market Tool Picks Winners: COHR, SAIL, TTD
SocialMar 19, 2026

AI Pre‑Market Tool Picks Winners: COHR, SAIL, TTD

i've been playing with AI tool for my pre-market game planning. it runs at 8AM and 8:45AM. i used #2 #3 from 8AM run. #2 from 8:45 for my GP. #1 $COHR traded well of the Open to R3. #2 $SAIL #3 $TTD...

By Steven Spencer
Project Hail Mary Premiere Set for Friday
SocialMar 18, 2026

Project Hail Mary Premiere Set for Friday

It looks like the premiere for Project Hail Mary. Excited to see it on Friday. https://t.co/T8NzjAxreV

By Steven Spencer
WDC Holds 300 Support, Boosting MU Gap Confidence
SocialMar 18, 2026

WDC Holds 300 Support, Boosting MU Gap Confidence

i thought $WDC's price action today could offer a clue on whether an $MU overnight gap on earnings holds tmrw. $WDC held 300 support and reversed so good sign for $MU tmrw... https://t.co/qcamrUdWQz

By Steven Spencer
QQQ Drops 4% After Israeli Strikes on Iranian Gas
SocialMar 18, 2026

QQQ Drops 4% After Israeli Strikes on Iranian Gas

$QQQ off 4 from pre-market high on news of Israeli strikes on Iranian gas facilities... https://t.co/CTzBR2yMse

By Steven Spencer
AWS Projected to Grow ~7% Annually for Decade
SocialMar 17, 2026

AWS Projected to Grow ~7% Annually for Decade

Amazon's AWS growth is expected to be ~7% over the next decade according to CEO. probably should get short... $AMZN

By Steven Spencer
Elon Rebuilds xAI with Top Talent After Mass Exodus
SocialMar 16, 2026

Elon Rebuilds xAI with Top Talent After Mass Exodus

xAI went from losing most of its founding members and other top technical staff to Elon recruiting the product leads from Cursor and other top talent. this should be interesting...

By Steven Spencer
CTMX Pre‑Market Flush Hits S2, Reverses to Inflection
SocialMar 16, 2026

CTMX Pre‑Market Flush Hits S2, Reverses to Inflection

$CTMX #1 Pre-market game plan. quick flush to S2 and reversal back up to inflection. worked both directions quickly. tight spread high liquidity. https://t.co/IFVl2Rl3Uu

By Steven Spencer
Opening Bounce Gone; Mid‑590s Close Looks Bleak
SocialMar 13, 2026

Opening Bounce Gone; Mid‑590s Close Looks Bleak

most of the opening bounce erased. a close in mid 590s would be non bueno... $QQQ

By Steven Spencer
ADBE Spike at 255, Bullish if Holds Above
SocialMar 13, 2026

ADBE Spike at 255, Bullish if Holds Above

quick spike and failure in $ADBE at 255 (R3) i still like long side if above 250... https://t.co/HFatGcpjfY

By Steven Spencer
Trader Leads as QQQ Jumps $6 Pre‑Market
SocialMar 13, 2026

Trader Leads as QQQ Jumps $6 Pre‑Market

here we go again... trader getting a headstart on the day $QQQ already up $6 from pre-market low. https://t.co/oIsC4P3rox

By Steven Spencer
Congress Blocks States From Banning Inhumane Slaughter Practices
SocialMar 13, 2026

Congress Blocks States From Banning Inhumane Slaughter Practices

this is torture. (two members of Congress wrote a bill to prevent States from banning this. @RepAshleyHinson @CongressmanGT)

By Steven Spencer
NYC Teens Ride Late Subway Safely, Defying Safety Myths
SocialMar 12, 2026

NYC Teens Ride Late Subway Safely, Defying Safety Myths

thousands of NYC teenagers ride the subway after 7PM every day and in fact they are quite safe... @SecDuffy

By Steven Spencer
Tesla Aims for Hundreds of Cybercabs Weekly, Scaling to 10K
SocialMar 12, 2026

Tesla Aims for Hundreds of Cybercabs Weekly, Scaling to 10K

the production line is probably around 10K per week at scale. *hundreds* will be initial production next month. $TSLA

By Steven Spencer
Rivian's Prices Outpace Tesla, Range Lags Behind
SocialMar 11, 2026

Rivian's Prices Outpace Tesla, Range Lags Behind

Rivian makes great cars but the pricing doesn't match their primary competition Tesla. each model is $4-$5K more expensive than a comparable Model Y. their entry model has 20% less range. $RIVN $TSLA https://t.co/KYVhsmo6tn

By Steven Spencer
ChatGPT 5.4: Nuanced but Lags Claude in Speed and Modeling
SocialMar 11, 2026

ChatGPT 5.4: Nuanced but Lags Claude in Speed and Modeling

i've been playing with ChatGPT 5.4 for a week. it is very smart and offers nuance. but in terms of speed and ability to efficiently create spreadsheets/models it is way behind Claude.

By Steven Spencer
Energy Secretary Whipsaws Crude Prices Again
SocialMar 10, 2026

Energy Secretary Whipsaws Crude Prices Again

A now-deleted post from Energy Secretary Chris Wright whipsawed crude for the second-straight session 🤡 @ENERGY $USO https://t.co/XlECoBdhiQ via @WSJ

By Steven Spencer
HIMS Reverses
SocialMar 10, 2026

HIMS Reverses

$HIMS price action today opposite of friday. --chasers on Open punished but but seeing buying above friday afternoon resistance. --50% move above recent prices needs some time to digest. https://t.co/3DBSVSTVw0

By Steven Spencer