[06:13 am] Ed : good morning
traders
[06:23 am] Mitch K: dont you guys
ever go on vacation?
[06:23 am] Mitch K:
hi guys
[06:27 am] Mitch K: you guys know
the routine, the first 30-45 minutes give
best ideas. but don’t let that fact
drive you to make too big of bets
[06:31
am] Mitch K: watching JOY for bottom to
buy
[06:31 am] Mitch K: watching PM for
top to short
[06:31 am] Mitch K: more
downside on JOSB
[06:32 am] Mitch K:
watching SEE for top to short
[06:32 am]
Mitch K: watching MW for top to
short
[06:33 am] Mitch K: watching OIS for
short soon
[06:34 am] Mitch K: missed TFM
top but watching for bototm to buy, more
downside first
[06:34 am] Mitch K:
watching NE for bottom to buy
[06:34 am]
Mitch K: watching TCAP for short, nevermind,
too low vol
[06:35 am] Mitch K: watchign
SSYS for top to short, more upside
first
[06:35 am] Mitch K: monitoring WFM,
usually a trending stock after pullback,
harder stock to short
[06:35 am] Mitch K:
watching HNZ for top to short
[06:36 am]
Mitch K: watching SINA for top to
short
[06:36 am] Mitch K: watching LIFE
for top
[06:36 am] Mitch K: monitoring
YELP
[06:36 am] Mitch K: watching Z for
top
[06:37 am] Mitch K: watching
ag-chemical stocks for bottom:
MOS, AGU, POT
[06:37 am] Mitch K: watching
UNP for bottom to buy, take time
[06:38
am] Mitch K: for short
[06:38 am] Mitch K:
watching YELP closer
[06:38 am] Mitch K:
watching MAKO SSYS closer
[06:39 am] Mitch
K: monitoring SPPI
[06:40 am] Mitch K:
these stocks that gap up like TFM and sell
down hard, these are usually good bouncers at
the bottom
[06:40 am] Mitch K: watching
TFM closer now for bottom
[06:41 am] Mitch
K: watching DVN for bottom to buy
[06:41
am] Mitch K: forget CBE for now
[06:41 am]
Mitch K: consider covering MAKO short
soon
[06:41 am] Mitch K: watchinb CBE for
top to short, gave spike
[06:42 am] Mitch
K: monitoring TEX
[06:42 am] Mitch K: NE
same as TFM where had gap up and selling
down, watch for bottom to buy
[06:43 am]
Mitch K: watching BPT for bottom to
buy
[06:44 am] Mitch K: from $120 to
82.80
[06:44 am] Mitch K: i am not
following news on BPT but 5 big down days in
last 8 trading days
[06:45 am] Mitch K:
watching RIG for bottom to buy
[06:45 am]
Mitch K: monitoring RDC
[06:46 am] Mitch
K: BIDU should give trades today, prob trends
up
[06:47 am] Mitch K: watching TEX
closer
[06:47 am] Mitch K: BPT
bottoming
[06:47 am] Mitch K: watching ESV
for bottom to buy
[06:48 am] Mitch K: big
potential bounce with BPT
[06:50 am] Mitch
K: gee thats a weak bounce in BPT so
far
[06:51 am] Mitch K: watching ULTA for
top to short, take time
[06:52 am] Mitch
K: cover OIS short soon
[06:52 am] Mitch
K: watching SQM for top to short
[06:54
am] Mitch K: ESV bouncingh
[06:55 am]
Mitch K: consider covering HNZ short, most of
it, see if goes to new low below $56 and hold
if it does, cover if it gets stuck
here
[06:56 am] Mitch K: watching FSLR for
bottom to buy
[06:56 am] Ed : SPY new
lod
[06:56 am] Mitch K: looking for 94
area on ULTA
[06:57 am] Mitch K: new low
on HNZ means to hold remaining short
open
[06:57 am] Mitch K: looking for 19
area on YELP short
[07:00 am] Mitch K:
watching CXO for bottom
[07:01 am] Mitch
K: SPY bouncing, will help longs
[07:04
am] Mitch K: no sell signal on BPT
yet
[07:05 am] Mitch K: to 82
[07:05
am] Mitch K: just remember BPT came down from
$120 last week
[07:05 am] Mitch K: looks
strong last 10 min
[07:08 am] Mitch K: CXO
turning up
[07:11 am] Mitch K: watching
YELP for 2nd helping short
[07:12 am]
Mitch K: consider selling DVN if
long
[07:14 am] Mitch K: BPT a little
toppy but no sell signal yet
[07:19 am]
Mitch K: of BPT
[07:19 am] Mitch K: that
was a juicy one but should get other trades
on this today both directions, best to stay
on the long side
[07:19 am] Mitch K:
getting early sell signal on BPT long
position
[07:21 am] Mitch K: looking for
under $17 on MAKO short
[07:23 am] Mitch
K: im kind of wondering if the comments i
make on a stock are helpful or not.
seems like could be distracting, like the
comment earlier on the WFM…[06:35 am] Mitch
K: monitoring WFM, usually a trending stock
after pullback, harder stock to
short”
[07:24 am] Mitch K: im wrong a lot
on those comments, feeling like a contrarian
indicator
[07:24 am] Mitch K: consider
covering ULTA if short
[07:25 am] Mitch K:
I’d watch MAKO for a long entry, esp if it
drops to 16.60 area
[07:25 am] Mitch K:
not expecting MAKO to drop much harder than
this 17 area, maybe a little more
[07:27
am] Mitch K: the way i would treat the next
two days is lower your expectations on the
amount of money you are used to making.
just try for a 2-3 small trades each
day.
[07:32 am] Mitch K: ESV
toppy
[07:43 am] Mitch K: should be good
for $1 long
[07:43 am] Mitch K: looking
for long entry on BPT soon
[07:51 am] Ed :
SPY new lod
[07:58 am] Ed : lower lows on
SPY
[08:04 am] Ed : for Advanced traders
monitor EQIX next few days first time at 200
level
[08:26 am] Mitch K: watching APKT
for short heree soon, micro trade
short
[08:45 am] Mitch K: hope you guys
made out on the WFM short, 2nd helping was
nice
[09:15 am] Ed : monitoring
TFM
[09:34 am] Ed : if u were able to take
TFM long would reduce
[09:52 am] Mitch K:
id watch BPT again for a bottom to
buy
[09:53 am] Mitch K: whats deceptive
about BPT is the scaling on the price.
a $1 move is pretty easy to see
[10:10 am]
Mitch K: watching WFM for 3rd helpin
gshort
[10:13 am] Mitch K: monitoring
KORS
[10:36 am] Ed : EQIX making new
highs
[10:46 am] Ed : SPY new
hod
[10:56 am] Ed : one to keep an eye on
also AMZN forming nice cup on 15min
chart
[11:07 am] Ed : getting pullback in
SPY
[11:28 am] Mitch K: those are big
short scalps in BPT
[11:29 am] Mitch K: we
could get another $1.50 bounce out of BPT
long; look for bottom
[11:41 am] Mitch K:
Looking for $81 on BPT, probably
higher
[11:42 am] Mitch K: anyone buy BPT
just recently?
[11:42 am] Mitch K: when
BPT peaks, should be a good profitable short
as well
[11:43 am] Mitch K: nice entry
qwert
[11:44 am] Mitch K: its weak bounce
so far, not looking great
[11:45 am] Mitch
K: even though you get a sell signal, doesnt
mean it should be a mad rush to sell at
market, most of the time you can put up a
limit order and get a better price
[11:45
am] Mitch K: im getting some early sell
signals on BPT qwert
[11:46 am] Mitch K: i
dont wait for a new low on it as the 79
area
[11:46 am] Mitch K: the strategy i
take now is use the sell signals as a “stop”
and as soon as i get that i put a limit order
to sell and try to get best price right
away
[11:47 am] Mitch K: i also use that
sell signal for a short entry, especially on
something like BPT that has gone down so
much
[11:52 am] Mitch K: still worth
watching for a long entry on BPT for quick
long and then a short on top of that
bounce. the lower it goes like this the
stronger the bounce. it is still best
trade idea we have. i like the idea but
you have to be on top of it and not get
distracted
[12:05 pm] Mitch K: you guys
still long BPT
[12:06 pm] Mitch K: where
did you guys buy on last bottom
[12:06 pm]
Mitch K: id look for a sell and a short on
BPT soon
[12:07 pm] Mitch K: early sell
signal
[12:08 pm] Mitch K: sell at ask
price
[12:08 pm] Mitch K: yeah mike, have
to work your order
[12:08 pm] Mitch K: you
try to get best price but my guess is this
will give you more profit on the short
side
[12:08 pm] Mitch K: like i said
earlier, you dont have to panic sell after a
signal is generated
[12:08 pm] Mitch K: or
3-5 cents higher than ask price
[12:12 pm]
Mitch K: remember that this has dropped from
$120 only 8 trading days ago and BPT can have
a violent rebound too although we arent
seeing any evidence of that yet. when
you have a stock that drops like that, unless
it was for fraud or accounting
irregularities, the odds go up exponentially
that a rebound is likely. but as you saw
earlier, a bounce or an attempt to
profit on the long side can easily
fail.
[12:14 pm] Mitch K: look at a daily
chart of BPT
[12:18 pm] Mitch K: so far
BPT looks too strong to short
[12:22 pm]
Ed : VHC alert
[12:24 pm] Mitch K: i was
late to post that, was looking at
VHC
[12:24 pm] Mitch K: sell signal on
BPT
[12:27 pm] Mitch K: anyone go short on
BPT? going to be interesting
[12:33
pm] Mitch K: there is no trade on BPT
now
[12:33 pm] Mitch K: very typical of a
stock that has gone down so much like BPT to
sell off in last half hour of day since it
had a 2 point rebound
[12:34 pm] Ed : if u
were able to short VHC would cover
[12:56
pm] Ed : have great evening traders
[01:02
pm] Mitch K: qwert yo still here
[01:03
pm] Mitch K: this is BPT
[01:04 pm] Mitch
K: then rebound failed and then sell
signal
[01:04 pm] Mitch K: that left
circle is where we first got a signal
long
[01:05 pm] Mitch K: this is when
Lightning shines
[01:05 pm] Mitch K: like
i have been saying, you want these big
swinging stocks
[01:06 pm] Mitch K: it
isnt about being stubborn, I just know i can
do it
[01:06 pm] Mitch K: but im still not
totally happy yet because this should be one
candle sooner on all signals so im not going
to let this out until i get the signals
earlier by 1 candle
[01:08 pm] Mitch K: is
lisa here still?
[01:08 pm] Mitch K: wont
need that much more time though
[01:08 pm]
Mitch K: no, wont be ready by labor day,
testing wont be done
[01:08 pm] Mitch K: i
think i can get a signal 1 min earlier, 1
candle, on most stocks
[01:12 pm] Mitch K:
that 1 candle is a really big deal
[01:12
pm] Mitch K: yes chingo, i understand but i
built this for my standards and then i give
to you. wont be long,
patience
[01:13 pm] Mitch K: but i am
aware of being too perfectionistic where you
can get paralysis
[01:13 pm] Mitch K: if
you take 1 candle earlier on these = lots of
profits
[01:14 pm] Mitch K: thats not the
way to trade fictor
[01:14 pm] Mitch K: oh
no, you didnt suffer through that big drop
did you?
[01:14 pm] Mitch K: what time
zone victor, what stock
[01:14 pm] Mitch
K: no jsn13, that isnt the tradeoff we are
talking about
[01:16 pm] Mitch K: dont
trade like that, you got lucky
victor
[01:16 pm] Mitch K: victor, you
almost broke even then?
[01:18 pm] Mitch
K: hey victor, you do that again I am going
to have to call you Forrest Gump
[01:19
pm] Mitch K: see you guys tomorrow
[01:20
pm] Mitch K: someone made a lot of money on
JOY, cant remember but this was real good too
today, bye
| [06:11 am] mikewd2 -: good morning
traders
[06:12 am] scalpman :
gm
[06:12 am] jolliffboy : Good
morning from the home of the RNC,
Tampa
[06:12 am] joeytsa : Good
morning Ed, everyone
[06:13 am]
shark : hi joey, everyone
[06:13 am]
joeytsa : pending home sales @ pdt,
crude inv 7:30pdt,beige book
11pdt
[06:13 am] mikewd2 -: joey, you in
the premarket review with ken
[06:13 am]
joeytsa : i will be
[06:13 am]
mikewd2 -: ok, he is on
[06:13 am]
scalpman : hi ed
[06:13 am]
shark : TFM up 5% on earnings
[06:14
am] joeytsa : gap up:
JOSB,TFM
[06:14 am] doji : Good
morning fellas
[06:14 am] skydiver :
gm all
[06:14 am] shark : hey
doji
[06:14 am] doji : What review
Mike?
[06:14 am] shark :
sky
[06:14 am] doji : Hi
Shark
[06:14 am] joeytsa : gap
down:HNZ,ARQL,JOY,DY
[06:14 am]
khall : gm
[06:15 am] mikewd2 -: MCP
getting some movement again today
[06:15
am] skydiver : hey shark
[06:15 am]
doji : Mike waht review?
[06:16 am]
doji : is it with Ken
Calhoun?
[06:16 am] mikewd2 -:
yes
[06:16 am] shark : All AAPL
options (weeklys) were down in value, since
stock flat, sellers making $$
[06:16 am]
doji : IS it paid or free?
[06:16
am] mikewd2 -: free – pre market
review
[06:16 am] mikewd2 -: lets talk on
FB, later
[06:16 am] doji : hahah
that’s ok, perfect Mike
[06:21 am]
lisas : gm all
[06:21 am]
shark : WLP – up 5%, CEO
leaving
[06:23 am] joeytsa : hi
Mitch
[06:23 am] shark : gm
Mitch
[06:23 am] gregs : gm
mitch
[06:23 am] shark : take my
computer w/me, Mitch
[06:24 am]
murano : Leaving on vacation Friday
morning
[06:24 am] skydiver : yes –
I take my three laptops with me as well on
vacations
[06:24 am] scalpman : Not
til I make more money!!!!
[06:25 am]
victor51 : gm all
[06:25 am]
shark : TNGO up 4.67%, off yesterday
moves
[06:28 am] lisas : gm Mitch,
Ed
[06:31 am] shark : monitoring
TFM
[06:32 am] mikewd2 -: YOKU L from
premarket
[06:33 am] mikewd2 -:
WLT
[06:33 am] shark : AAPL testing
R1 res
[06:34 am] mikewd2 -: watching NUS
for break above 42
[06:35 am] mikewd2 -:
HAIN selling off a bit
[06:35 am]
joeytsa : WFM moving up
[06:35 am]
joeytsa : YELP moving also
[06:36
am] shark : AAPL looks like wants
higher
[06:36 am] shark : watching
YELP closer for top
[06:37 am]
joeytsa : tighten TFM if
short
[06:37 am] shark : out all TFM
s
[06:39 am] joeytsa : tighten HNZ
if long
[06:39 am] mikewd2 -: MAKO might
be good long swing stock
[06:40 am]
joeytsa : esp if it can clear the
100ma
[06:40 am] mikewd2 -: nice bounce in
CJES this morning
[06:40 am] joeytsa
: i mean the 50
[06:41 am] mikewd2 -:
looking to go long on a pull back
[06:42
am] joeytsa : gotta love being done in
less than 10 minutes 🙂
[06:42 am]
shark : 🙂
[06:42 am] mikewd2 -:
would like to see LXK give up 21
[06:43
am] mikewd2 -: come to papa LXK
[06:44 am]
doji : aggg stopped in MCP…
[06:44
am] mikewd2 -: TSO
[06:45 am] mikewd2 -:
LXK broke 21, look out below
[06:45 am]
shark : AAPL broke thru R1
[06:45
am] shark : could run a bit
[06:47
am] joeytsa : BIDU needs to bust thru
that 117.80-118 area, res so far
[06:47
am] doji : APPL reversing
[06:48 am]
mikewd2 -: WFT – outch
[06:48 am]
shark : watching AAPL at vwap
[06:48
am] shark : TFM retest lod
[06:48
am] shark : missed YELP top
[06:49
am] doji : TFM
[06:50 am] mikewd2 -:
out MAKO long
[06:51 am] doji :
Watching FSLR
[06:52 am] mikewd2 -:
covered LXK short, +0.70
[06:52 am]
mikewd2 -: at support pivot on LXK
[06:53
am] mikewd2 -: will reenter if it gives it
up
[06:53 am] mikewd2 -: WFT L 12.25 – day
trade
[06:54 am] joeytsa : watching
VRTX
[06:54 am] doji : Oil stocks
weak today Mike
[06:54 am] mikewd2 -:
except for CJES for some reason
[06:54 am]
mikewd2 -: low vol stock though
[06:54 am]
doji : You must be buying CJES
Mike
[06:55 am] mikewd2 -: CLF
[06:56
am] shark : AAPL broke vwap
[06:56
am] mikewd2 -: CLF gave up previous
low
[06:56 am] mikewd2 -: sorry
36.06
[06:58 am] shark : TFM
lod
[06:58 am] shark : HNZ poss
finding bottom
[06:59 am] joeytsa :
pending homes sale report is pending
🙂
[06:59 am] mikewd2 -: out TZA 16.34 to
16.51 1%
[07:00 am] shark : s AAPL
weekly 665 put 1.15
[07:00 am] doji
: Thanks for sharing Shark
[07:00 am]
shark : not too sure about it,
yet
[07:01 am] shark : KORS,
watching
[07:01 am] doji :
MCP
[07:01 am] mikewd2 -: you still in
short doji?
[07:01 am] joeytsa :
trail BIDU if short
[07:02 am] shark
: GOOG, PCLN, same 1min chart
pattern
[07:02 am] doji : Nope
Mike
[07:02 am] doji : got stopped
first time and stay aside
[07:03 am]
mikewd2 -: yeah, saw that bounce
[07:03
am] doji : still carrying a loss that I
am trying to reverse
[07:03 am]
joeytsa : you must have had a really
tight stop
[07:04 am] mikewd2 -: watching
CLF for long entry if it holds that 36.06
from 7/27
[07:04 am] shark : thx,
mike
[07:05 am] doji : Watching
MCP
[07:05 am] shark : amazing,
Mitch
[07:05 am] mikewd2 -: dang, knew
MAKO was a good one, took quick to pull
profit
[07:05 am] shark : ouch,
mike
[07:06 am] doji : FB
[07:07
am] shark : JOSB, watching at lod area,
see if can break thru on vol
[07:09 am]
mikewd2 -: doji, you taking any SLB
long?
[07:09 am] shark : BPT nice
vol thru 50min ma
[07:11 am] shark :
nice bounce off YELP low, maybe another short
opporutnity
[07:12 am] mikewd2 -: MAKO
still looking good
[07:13 am] mikewd2 -: i
would think MCP will provide some good trades
today – both ways
[07:14 am] shark :
SPY pop
[07:15 am] shark : helping
some stocks
[07:16 am] mikewd2 -: watching
to reenter TZA
[07:16 am] mikewd2 -: was
there news on MAKO?
[07:17 am] shark
: earnings, mike
[07:17 am] mikewd2 -:
thanks shark, figured
[07:17 am] mikewd2
-: looking to take a stab at CLF pretty
soon
[07:18 am] mikewd2 -: will put stop
just below 36.06, probably 35.96
[07:18
am] shark : MAKO Surgical (MAKO 12.18)
target lowered to $13 from $15 at
Mizuho
[07:18 am] shark : despite on
target earnings
[07:19 am] shark :
could bode well for more downside here,
mike
[07:19 am] mikewd2 -: long CLF
36.09
[07:20 am] shark : yeah, BPT
was nice, Mitch
[07:21 am] victor51
: Mitch Thanks. BPT was a great
trade
[07:23 am] khall : I think
they are helpful Mitch
[07:24 am]
joeytsa : i like your comments, gives
us a look at how you are seeing
things
[07:24 am] gregs : ditto, it
helps to internalize the thinking to evaluate
whether a trade is a good setup
[07:24 am]
gregs : doesn’t matter if you’re
exactly right
[07:25 am] joeytsa :
doesnt matter if you are wrong or
right
[07:26 am] mikewd2 -: LXK still
dropping
[07:26 am] mikewd2 -: but have no
position on LXK
[07:28 am] victor51
: Mike, I hope storm in your area
damaged anything big
[07:29 am]
mikewd2 -: the storm is in louisanna, i’m in
texas and its hot and dry here
[07:29 am]
shark : ugh
[07:29 am] lisas :
Mitch, your comments are helpful, keep it
up
[07:30 am] mikewd2 -: increase in crude
supply
[07:30 am] mikewd2 -: 3.8M bbls
up
[07:30 am] shark : AAPL ready to
break down some more
[07:31 am]
murano : YELP
[07:31 am]
victor51 : Mitch, your comments are
quite helpful
[07:31 am] gregs :
darn missed bounce in AAPL
[07:32 am]
doji : what bounce Gregs?
[07:33 am]
skydiver : Enjoy your comments
Mitch. 🙂
[07:34 am] mikewd2 -:
WFT
[07:35 am] joeytsa : crude
futures really didnt bounce much on
report
[07:35 am] chinhngo :
esv=56.09 buy at bottom ?
[07:36 am]
victor51 : Mike, I thought you were in
in Mississipi. OK
[07:36 am] shark :
watching YELP
[07:37 am] mikewd2 -:
nope
[07:37 am] mikewd2 -: “the” college
station texas
[07:37 am] mikewd2 -: CLF
getting interesting
[07:38 am] shark
: maybe some shorts getting out of
YELP
[07:38 am] gregs : doji, was
thinking 675.80 area is resist and saw price
bounce against that… but now its just
consolidating
[07:38 am] mikewd2 -: that’s
what CNBC said shark on YELP
[07:39 am]
shark : thx, mike. my TV is off
🙂
[07:39 am] mikewd2 -: i was supprised
the move up with all the shares coming
available to sell
[07:39 am] shark :
yeah, totally
[07:39 am] mikewd2 -: CLF
not looking good
[07:39 am] mikewd2 -:
below 7/27 price
[07:41 am] shark :
agreed, mike
[07:41 am] shark : AAPL
at b/e
[07:41 am] shark : SPY at
b/e
[07:44 am] mikewd2 -: stopped on
CLF
[07:44 am] mikewd2 -: should move up
now – haha
[07:48 am] joeytsa :
alright, i hope you all have a great
day…maybe see you last hour, if not, see
you all tomorrow 🙂
[07:48 am] rusty
: gm
[07:48 am] rusty : NTE come to
papa
[07:48 am] Ed : c ya joey
[07:48
am] rusty : covered 1/2 NTE
[07:49
am] shark : bye joey, gm
rusty
[07:49 am] rusty : +
1/2
[07:51 am] mikewd2 -: nice drop in the
markets
[07:51 am] rusty :
wtf
[07:51 am] mikewd2 -: missed my TZA
entry
[07:51 am] shark : APPL too,
lod
[07:51 am] rusty : I thought
only up was nice
[07:52 am] shark :
🙂
[07:53 am] rusty : APKT
radar
[07:58 am] mikewd2 -: oils are weak
today
[07:58 am] doji : Yeap, from
the open
[07:58 am] Ed : lower lows in CL
also
[08:03 am] rusty : NTE
bounce
[08:03 am] rusty : added to
s
[08:09 am] rusty : TAMPA (The
Borowitz Report)—On the opening night of the
2012 Republican National Convention, the
Presidential nominee Mitt Romney received
fulsome praise for being a “regular,
down-to-earth guy” from his wife, Ann, whose
dressage horse, Rafalca, competed in the
London Olympics.
[08:10 am] gregs :
lol
[08:11 am] rusty : “Mitt has
never let his success go to his head,” Mrs.
Romney said. “Take away the
seven-thousand-square-foot house in La Jolla
and the bank account in the Caymans, he’s
still the same fun-loving boy who pinned a
gay kid to the ground and cut off his
hair.
[08:11 am] gregs :
rofl
[08:12 am] mikewd2 -: watching
LXK
[08:18 am] gum : rusty, i’m
suprised at you being in the market,
attempting to make big money and making
remarks against someone who has been
sucessful
[08:18 am] rusty : NTE re
coming to papa
[08:19 am] khall :
that’s rusty, always full of
surprises
[08:19 am] khall :
😉
[08:19 am] rusty : i am
nonpartisan
[08:19 am] rusty : i
make fun of everyone
[08:19 am]
rusty : including myself
[08:20 am]
rusty : now stfu and give us a
trade
[08:20 am] doji : Come on
guys, these are only jokes… don’t take it
seriously
[08:20 am] gum : you could
have fooled me !!
[08:21 am] mikewd2 -:
I’m a Romney voter and i thought it was funny
–
[08:23 am] mikewd2 -: oils bouncing a
bit
[08:24 am] rusty : Q: What does
Barack Obama call illegal aliens?
[08:26
am] rusty : A: Undocumented
democrats
[08:27 am] rusty :
Alternate Answer: “My fellow
Americans”
[08:27 am] mikewd2 -: seems
like it would be better if it was
undocumented replublican
[08:27 am] Ed :
with stroke of a pen they can become
documented
[08:27 am] mikewd2 -: nice
bounce in CKES
[08:27 am] mikewd2 -:
CJES
[08:28 am] mikewd2 -: YOKU finally
moving up
[08:30 am] rusty : INTC
radar
[08:31 am] rusty : based on
daily chart
[08:35 am] murano :
JOY
[08:36 am] mikewd2 -: back in TZA
long
[08:50 am] shark : AAPL back to
vwap -res
[08:57 am] rusty : YELP
radar
[09:00 am] doji : aggg missed
MCP rebound
[09:01 am] doji : still
carrying my dumb loss today
[09:16 am]
qwert : Hi everybody no internet this
am just got going hows everybody?
[09:16
am] rusty : TheStreetSweeper covered
43,171 shares of TNGO on Aug. 28 at an
average price of $17.26 a share. As a result,
TheStreetSweeper has a total of 80,602 shares
of TNGO sold short at the present
time.
[09:21 am] rusty : Darvas Box
Fans…
[09:21 am] rusty :
http://seekingalpha.com/article/835731-a-look
-at-s-p-500-valuation-and-darvas-box-theory?s
ource=email_rt_article_title&ifp=1
[09:32 am] qwert : Ed have you taken
profit on tfm long yet
[09:36 am] Ed :
welcome to the room qwert
[09:37 am]
qwert : thx ed liking the tfm
[09:47
am] mikewd2 -: MCP moving again
[09:49 am]
qwert : monitoring see
[09:52 am]
mikewd2 -: LVS
[10:00 am] mikewd2 -:
MCP
[10:00 am] mikewd2 -: getting some
upgrades
[10:01 am] mikewd2 -: ie pump and
dump — probabably haha
[10:02 am] Ed :
now u tell us mike
[10:02 am] mikewd2 -:
reducing some MCP swing, 11.70
[10:04 am]
qwert : wow bpt has a huge
spread
[10:10 am] mikewd2 -: figured CLF
would move on up after getting
stopped
[10:27 am] rusty : NTE
bounce
[10:37 am] shark : nice vol
spikes too, EQIX
[10:37 am] mikewd2 -: TFM
lod
[10:39 am] rusty : SPY lowest
volume pace of year
[10:39 am] mikewd2 -:
that’s why i think any bump in market today
will be short lived
[10:40 am] rusty
: NYSE volume 185M shares – 29% below its
three-month average; advancers lead decliners
by 1.5:1
[10:43 am] rusty : LNKD
radar
[10:43 am] rusty : based on
daily chart
[10:44 am] rusty : OPK
radar
[10:44 am] rusty : be careful
this one is manipulated and maybe
overvalued
[10:45 am] mikewd2 -: MCP
hod
[10:46 am] mikewd2 -: out half LVS
long 42.54
[10:46 am] mikewd2 -:
+0.41
[10:46 am] mikewd2 -: trailing stop
0.10
[10:58 am] victor51 : Ed you
mean 8/27 thru today for Amzn cup?
[11:00
am] Ed : yes on 15min
[11:03 am]
victor51 : Thanks. So cup handle is
bullish? I never traded on cup handle. Ed,
please help me understand
[11:05 am] Ed :
i dont like to think in terms of
bullish/bearish. But yes its called bullish
pattern
[11:07 am] Ed : here are some
suggested readings to help u understand them
victor any book by Gil Morales,
[11:07 am]
Ed : also monster stocks by William O
Neil
[11:09 am] Ed : Im not putting you
off Victor, but it takes some studying and
reading to be able to understand premise
behind the setup and what to look for, and
how they can be failure prone etc
[11:11
am] Ed : So its not like ur normal, when
price is x, buy here if that makes
sense
[11:12 am] mikewd2 -: HAIN
lod
[11:13 am] victor51 : Ed, Great.
I know I need to find time to read couple of
books.
[11:14 am] Ed : learinng never ends
no matter what level ur trading
[11:16 am]
victor51 : Ed, i really like your
simple approaches you have taught us so
far..
[11:16 am] Ed : u know my middle
name is simpleton
[11:17 am] Ed : just
kidding, thanks for kind words
[11:18 am]
rusty : victor = kiss a$$ 🙂
[11:19
am] qwert : hahaha
[11:19 am]
rusty : victor: stfu rusty
[11:20
am] Ed : lol
[11:23 am] mikewd2 -: MCP
over 12
[11:25 am] rusty : going to
sell 1/2 of MCP swing by eod
[11:25 am]
rusty : no one wanted it at
10
[11:25 am] rusty : CNBC said it
was going lower too
[11:26 am] mikewd2 -:
i’ve reduced alot today rusty
[11:28 am]
victor51 : Thanks Ed for EQIX S. Nice
$1.40 all out
[11:30 am] Ed : nice trading
victor
[11:30 am] rusty : NTE moving
again
[11:38 am] rusty : BPT
lod
[11:40 am] rusty : Fifty-three
percent (53%) of Likely U.S. Voters think,
that the president is most likely to be the
winner in November
[11:42 am] qwert
: im long at 79.50
[11:43 am] qwert
: thx
[11:44 am] qwert : w/stop
under 79
[11:45 am] qwert : moved
stop to .24
[11:47 am] qwert : thats
why i bumped stop and then got out with only
.08 loss
[12:00 pm] joeytsa : JOY
rebounded nicely, hitting $55 res right
now
[12:01 pm] victor51 :
[12:02 pm] qwert : Mitch where did
lightning generat buy signal for
BPT
[12:03 pm] mikewd2 -: out some more
MCP 12.40
[12:04 pm] qwert : nice
mike
[12:04 pm] joeytsa : good one
mike
[12:06 pm] lisas : a
portion
[12:06 pm] qwert : just 1/4
left mitch
[12:06 pm] qwert :
thx
[12:07 pm] qwert :
77.51
[12:07 pm] lisas :
78.16
[12:08 pm] mikewd2 -: large spreads
on that guy
[12:08 pm] gregs : qwert
nice entry
[12:08 pm] gregs : you
too lisas 🙂
[12:10 pm] gregs :
anything fun happening in EUR/USD or crude,
gold etc?
[12:10 pm] gregs : ES
volume horrible
[12:11 pm] rusty :
lowest of year
[12:13 pm] mikewd2 -: CLF
still slowly going up
[12:13 pm]
shark : good points, Mitch
[12:14
pm] qwert : lis are you still long
BPT
[12:14 pm] qwert :
lis=lisa
[12:14 pm] lisas : Qwert,
yes
[12:14 pm] qwert :
nice
[12:14 pm] lisas : how about
you?
[12:14 pm] qwert : no
[12:15
pm] rusty : TSO bounce
[12:15 pm]
lisas : stop moved up, may get hit,
pretty wild price action
[12:15 pm]
qwert : watching for short now
again
[12:17 pm] lisas :
stopped
[12:18 pm] qwert : nice
trade lisa
[12:19 pm] Ed : nice
lisa
[12:19 pm] joeytsa : way to go
lisa 🙂
[12:19 pm] lisas :
Thanks
[12:20 pm] qwert : lets see
how it acts at 80
[12:20 pm] rusty :
NTE re-come to papa
[12:20 pm] shark
: haha
[12:22 pm] Mitch K: rusty, somehow
that just doesnt sound right
[12:22 pm]
rusty : to prudes of course
[12:23
pm] rusty : pls go back to your own
box….we got standards to maintain down
here
[12:25 pm] mikewd2 -: no VHC to short
at TS
[12:28 pm] mikewd2 -: looks like it
wants to bounce off 50ma
[12:28 pm]
mikewd2 -: nope
[12:29 pm] gregs :
FDO making strong move into 64ish
region
[12:32 pm] rusty : LGF
radar
[12:33 pm] joeytsa : nice one
greg
[12:35 pm] jsn13 : ed, may i
know what time and what price was ur short
entry on VHC?
[12:35 pm] victor51 :
Nice Lisa, Great exit. It was a wild
ride
[12:36 pm] lisas : too wild,
switched to sim to short it, crazy wide
spread
[12:37 pm] Ed : it gave nice short
trigger after 3:24est
[12:39 pm]
jsn13 : ok cool that was the entry that
i thought of….thanks….so the 3.26pm bar
did not make it look strong and motivate u to
cover at BE?
[12:40 pm] Ed : nice call on
FDO
[12:40 pm] gregs : hope you got
it
[12:41 pm] Ed : did not trigger for me,
but I was salivating
[12:42 pm]
gregs : me too haha
[12:42 pm] Ed :
the best calls are the ones u miss
[12:43
pm] gregs : so true
[12:43 pm]
rusty : always
[12:43 pm]
rusty : and the worst calls are often
the ones you take part in
[12:43 pm]
rusty : murphy’s trading law
[12:45
pm] Ed : good point rusty
[12:45 pm] Ed :
anyone still in PUDA trade
[12:46 pm]
gregs : how much do yall pay attention
to open interest or put/call ratios, or other
option metrics i don’t know abt
[12:46 pm]
gregs : for assessing overall trading
potential
[12:46 pm] shark : i do,
gregs
[12:47 pm] shark : a lot of
stocks like to PING on expiry day where vol
is heaviest
[12:47 pm] gregs : ah
shark right, just started paying
attn
[12:48 pm] gregs : have any
favorite scans?
[12:49 pm] mikewd2 -: VIX
back to almost 17
[12:50 pm] shark :
i work off my favorite stocks, then find
trades
[12:50 pm] mikewd2 -: WFT vol
pop
[12:50 pm] shark : or stocks on
the move
[12:53 pm] joeytsa : mike,
WFT interesting vol spike
[12:53 pm]
mikewd2 -: yep
[12:53 pm] joeytsa :
only moved 8cents though
[12:54 pm]
mikewd2 -: lots of the oils got vol spike
then
[12:56 pm] rusty : good night
to all the bad traders….they deserve
it
[12:56 pm] gregs : go back to
your mud huts bad traders
[12:56 pm]
joeytsa : Have a great day
everyone
[12:57 pm] gregs : bye
everyone 🙂
[12:57 pm] joeytsa :
Thanks Mitch, Ed,everyone
[12:57 pm]
victor51 : Mitch, My best day trade was
JOY with +4.0 but it was in Sim. Nice
learning Thanks.
[12:57 pm] mikewd2 -:
nice job victor
[12:58 pm] shark :
LNKD -pocket pivot vol today
[12:58 pm]
mikewd2 -: BPT lod
[01:00 pm] Mitch K:
nice victor
[01:01 pm] lisas : bye
all, have a great nite
[01:02 pm]
qwert : yes
[01:03 pm] qwert :
im still here mitch
[01:03 pm]
victor51 : Have a nice evening
all
[01:03 pm] gregs : ooo
[01:03
pm] qwert : wow awesome
[01:04 pm]
rusty : P earnings out
[01:04 pm]
rusty : running up
[01:04 pm]
chinhngo : how about apkt
please?
[01:05 pm] victor51 : Mitch,
I wished i had Lightening for BPT. Impressive
signals
[01:05 pm] qwert : very
nice
[01:07 pm] qwert : is that 1
candle earlier on 1 or 2 min chart
mitch
[01:07 pm] jsn13 : Mitch, so
do u still need alot more time? so definitely
wont be ready on Labour day?
[01:08 pm]
rusty : why cant we just trade one
minute before the signal?
[01:08 pm]
qwert : hahaha
[01:09 pm]
qwert : i think shes gone
[01:09 pm]
qwert : hey jsn i put up a pic of my
setup on fb
[01:11 pm] chinhngo : do
not ask for perfect we need this chart
now and slwly modify i would like too
subcribe now
[01:11 pm] jsn13 :
thanks qwert…..
[01:12 pm] jsn13 :
ok no problem mitch….u still have alot of
testing to do?
[01:12 pm] qwert :
sure thing
[01:12 pm] qwert : that
will be huge mitch
[01:13 pm] rusty
: Mitch, maybe you could wakeup one minute
earlier?
[01:13 pm] jsn13 : but the
trade off is that u might get more false
signals right mitch?
[01:13 pm]
victor51 : IMitch, I entered at 11:42
Long and went thru agony but closed at
12:20
[01:16 pm] victor51 : Mitch,
you are using 2 min. candle. Is it better
than one for Lightening
[01:16 pm]
qwert : victor you sat through that
2.50 drop
[01:17 pm] jsn13 : Mitch
the price that is shown on the charts (the
diamonds) are based on current price or ask
price for longs? the spread is
wide….
[01:18 pm] victor51 : I
agree. I have to remember that hot stocks
like BPT need special watch.
[01:18 pm]
victor51 : and stop limit is not the
answer.
[01:19 pm] qwert : bye
mitch
[01:19 pm] rusty : gn Mitch,
thx
[01:19 pm] qwert : cya
everybody
[01:19 pm] victor51 :
Thanks Mitch
[01:21 pm] victor51 :
Mitch ,That was me for Joy
[01:22 pm]
jsn13 : bye guys….have a great
night….
[01:23 pm] victor51 : Bye
jason
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