Steven Spencer

Steven Spencer

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

Potential QQQ Upside Move Targets 616 Level
SocialMar 10, 2026

Potential QQQ Upside Move Targets 616 Level

i don't think this resolves to the upside but if it does 616 would be in play. $QQQ https://t.co/5aOYPZSx0r

By Steven Spencer
Massive USO Flush Restores Trend in Final Hour
SocialMar 10, 2026

Massive USO Flush Restores Trend in Final Hour

the massive $USO flush in final hour ystdy just brought it back to trend... https://t.co/qZjWtShXON

By Steven Spencer
Twitter Ads Remain Horrifically Ineffective After 3.5 Years
SocialMar 9, 2026

Twitter Ads Remain Horrifically Ineffective After 3.5 Years

the fact that 3.5 years in @elonmusk had no idea how devastatingly awful advertising is on the platform says a lot... https://t.co/mmECdzItht

By Steven Spencer
Google Rebounds; Need >$305 Closes to Confirm Low
SocialMar 9, 2026

Google Rebounds; Need >$305 Closes to Confirm Low

nice bounce in $GOOGL closes above the 30min downtrend. need ot see a couple of closes above 305 to believe the short term low is in... https://t.co/zbD0srOwCf

By Steven Spencer
Trade Fresh News Against S/R, Leverage Second-Day Momentum
SocialMar 9, 2026

Trade Fresh News Against S/R, Leverage Second-Day Momentum

a trader asked me over the weekend about placing trades against game plan S/R levels: --one idea is long against S2 in a stock that has fresh news that isn't very negative ($HIMS #1 GP today) --another is 2nd Day Play...

By Steven Spencer
Executed QQQ Short and USO Long, Initiating Scripts
SocialMar 9, 2026

Executed QQQ Short and USO Long, Initiating Scripts

for those who attended the morning meeting i did take that $QQQ short mentioned. and $USO long mentioned into S3 (116). i'll probably look to put some scripts on now and start work on firm biz... https://t.co/6lLCZQs2BC

By Steven Spencer
Firm Buying Trump Tariff Refund Claims Sparks Humor
SocialMar 9, 2026

Firm Buying Trump Tariff Refund Claims Sparks Humor

I just saw this ad for a firm purchasing trump tariff refund claims. 😂 https://t.co/by8DMKMKjF

By Steven Spencer
USO Breakout Pressures Stocks; QQQ Tests 202 Support
SocialMar 6, 2026

USO Breakout Pressures Stocks; QQQ Tests 202 Support

witht the breakout of $USO from consolidation we're seeing pressure on stocks again $QQQ testing 202 support area. https://t.co/QfA8Fnetbn

By Steven Spencer
QQQ's Unusual Gap‑Driven Moves Stall Intraday Gains
SocialMar 6, 2026

QQQ's Unusual Gap‑Driven Moves Stall Intraday Gains

--very strange price action past few weeks in $QQQ. may be first time this has ever happened... --if $QQQ closes above 600 today that will be 13/15 days index bought intraday but hasn't moved higher. --this is because so many opening gaps to...

By Steven Spencer
Micron Poised for Full Reversal Above $384
SocialMar 6, 2026

Micron Poised for Full Reversal Above $384

$MU stops triggered below ystdy's low and quick pop. holds above 384 could see full reversal... https://t.co/SjZJaSOQsP

By Steven Spencer
Blend of Tape Reading and Experience Guides QQQ Entry
SocialMar 5, 2026

Blend of Tape Reading and Experience Guides QQQ Entry

"Steve, did you get long QQQ at 602.50 based on the tape or was it 20+ years of experience" --student at weekly review "It was a little bit of both. Earlier in the week there was a large opening drive from...

By Steven Spencer
CRWD Rebounds After 30%
SocialMar 4, 2026

CRWD Rebounds After 30%

$CRWD wasn't easy this morning. i had a long bias despite only the inline guide because of software bottoming and down 30% from high. --quick flush to S3 on open --accumulation at S2 for 45min --finally hitting R1 as i type... https://t.co/Y2CO5GcGNp

By Steven Spencer
Tech Buying Pushes QQQ Supply Target to 608
SocialMar 4, 2026

Tech Buying Pushes QQQ Supply Target to 608

so far tech has been bought next obvious spot for $QQQ supply is 608. https://t.co/c53MtcIg4a

By Steven Spencer
Buy Stocks Cheap by Shorting Puts During Volatility Spikes
SocialMar 4, 2026

Buy Stocks Cheap by Shorting Puts During Volatility Spikes

one way i like to use put contracts: 1) i have an idea of what price i want to be long a stock 2) if volatility spikes i will short puts with a strike at or near that price level 3) if the...

By Steven Spencer
Short March $MSTR Puts Prove Profitable
SocialMar 4, 2026

Short March $MSTR Puts Prove Profitable

starting to feel a little better about being short the 3/20 $MSTR puts (sub 100). https://t.co/e2kBNgXmzp

By Steven Spencer
QQQ
SocialMar 3, 2026

QQQ

after failure to reclaim 600 $QQQ in a downtrend. held pre-market support first time... https://t.co/aA27OsTKQw

By Steven Spencer
Gold ETF Likely Peaked, Falling Below $500
SocialMar 3, 2026

Gold ETF Likely Peaked, Falling Below $500

the top is probably in for $GLD. lower high ystdy into 500. rats running for the exits today... @PeterSchiff https://t.co/ZxaxY0aB5F

By Steven Spencer
NVDA Poised for Short‑term Bounce if It Closes Above 180
SocialMar 2, 2026

NVDA Poised for Short‑term Bounce if It Closes Above 180

$NVDA two days of selling then a gap lower is classic short term bounce play. (a close above 180 would be constructive) https://t.co/4Z1dOruJvL

By Steven Spencer
Avoid Chasing; Wait for S3 Pullback Entry
SocialMar 2, 2026

Avoid Chasing; Wait for S3 Pullback Entry

don't chase. pre-market chasers punished and pullback to S3 for a solid entry. $AAOI https://t.co/4HAaEhf60K

By Steven Spencer
Dell Poised to Break Above $140, Eyeing Next‑week Rally
SocialFeb 27, 2026

Dell Poised to Break Above $140, Eyeing Next‑week Rally

$DELL crushed #s and raised a lot. as long as above 140 could close HOD and move higher next week... https://t.co/HsaGKCoa3Y

By Steven Spencer
Decade‑Long Tesla Critic Burns Billions Shorting Stock
SocialFeb 26, 2026

Decade‑Long Tesla Critic Burns Billions Shorting Stock

tslaq been saying the same stuff for a decade and then lighting tens of billions of dollars on fire shorting the stock... $TSLA

By Steven Spencer
ETF Cycle: 2‑3 Day Sell‑off Followed by Buy‑back
SocialFeb 26, 2026

ETF Cycle: 2‑3 Day Sell‑off Followed by Buy‑back

we have been seeing the same basic pattern in index ETFs for four months $QQQ $SPY. --after 2-3 days of selling large rug pulls in the other direction --after 2-3 days of buying large rug pulls in the other direction. --it's not happening...

By Steven Spencer
AI Panic Bottom Hits; Workday Setups Emerging
SocialFeb 25, 2026

AI Panic Bottom Hits; Workday Setups Emerging

the software AI panic bottom was earlier this week. i'll post a few charts and some of the better setups we discussed today in the pre-market meeting. $WDAY

By Steven Spencer
Tesla Outsells VW EVs by 30‑to‑1 in Q4
SocialFeb 24, 2026

Tesla Outsells VW EVs by 30‑to‑1 in Q4

Tesla outsold all VW branded EVs by ~30:1 in Q425. $TSLA "Cox Automotive's Kelley Blue Book estimated 125,900 Tesla vehicles sold/registered in the US during Q4 2025"

By Steven Spencer
Avoid Shorting Illiquid Chinese Stocks Due to Manipulation
SocialFeb 23, 2026

Avoid Shorting Illiquid Chinese Stocks Due to Manipulation

when you get involved in some random chinese stock you are exposing yourself to risk of coordinated manipulation. this is why for years we have cautioned our traders to not be short illiquid chinese stocks. the scale of coordination⬇️⬇️⬇️

By Steven Spencer
Predicting PM Reaction to AI News Gives Edge
SocialFeb 23, 2026

Predicting PM Reaction to AI News Gives Edge

i should have realized a widely shared article on social media that mentioned credit card AI disruption would cause $AXP & $V to sell off today. PMs are shooting first and asking questions later. figuring out how PMs will react...

By Steven Spencer
VC‑driven Panic Resurfaces, Hitting AI, V, IBM Stocks
SocialFeb 23, 2026

VC‑driven Panic Resurfaces, Hitting AI, V, IBM Stocks

remember a few years ago when a few VCs caused a regional bank panic and stocks like $SCHW got hammered for no reason? it's really starting to feel like that now but in a larger group of names. $AI $V $IBM

By Steven Spencer