[06:30 am] Mitch K: watching AMTD for trades
both ways today
[06:31 am] Mitch K:
watching CHMT for top
[06:32 am] Mitch K:
watching NUS for quick short and then long
entry later
[06:33 am] Mitch K: watching
GGC for bottom
[06:34 am] Mitch K:
watching PPG for top
[06:34 am] Mitch K:
watching DDD for bottom
[06:34 am] Mitch
K: watching PRXL for bottom
[06:34 am]
Mitch K: watching QCOR for bottom
[06:35
am] Mitch K: watching CL, Crude oil for
bottom
[06:36 am] Ed : monitroing
BIDU
[06:37 am] Mitch K: monitoring
AMZN
[06:37 am] Mitch K: watching CSTR for
2nd short, missed first
[06:38 am] Mitch
K: watching HLF for long entry on bottom near
27.75
[06:39 am] Mitch K: watching MDVN
for top
[06:41 am] Mitch K: watching LULU
for top, taking time
[06:41 am] Mitch K:
retail stocks rebounding today after
yesterday’s pounding. short candidates
now: COH, RL, , quickie shorts, take
time for top
[06:42 am] Mitch K: watching
EXPE for top, take time
[06:42 am] Mitch
K: watching for long exit on CL, Crude
Oil
[06:44 am] Mitch K: CL exit
[06:44
am] Mitch K: GGC toppy right here,
[06:44
am] Mitch K: watching GGC closely for long
exit soon
[06:45 am] Mitch K: EXPE
toppy
[06:45 am] Mitch K: watching DECK
for short here soon
[06:46 am] Mitch K: RL
toppy, retailer
[06:46 am] Mitch K: QCOR
weak, consider selling
[06:47 am] Mitch K:
monitoring BMRN
[06:48 am] Mitch K: the
quickie shorts did not work
[06:48 am]
Mitch K: yes probably taco, HLF NUS have had
big sell offs so should have strong move
toward upside.
[06:49 am] Mitch K:
watching ANF for top, another
retailer
[06:49 am] Mitch K: watching DDD
for long exit soon
[06:50 am] Mitch K: if
short GGC, watch for cover point
soon
[06:52 am] Mitch K: monitoring
CB
[06:53 am] Mitch K: consider covering
BMRN soon
[06:54 am] Mitch K: watching
PRXL to sell long soon
[06:55 am] Mitch K:
monitoring VVUS
[06:56 am] Mitch K:
watching NFLX for top to short
[06:57 am]
Mitch K: monitoring M, PSX
[06:59 am]
Mitch K: watching AGNC for bottom
[06:59
am] Mitch K: just realized i gave you wrong
symbol earlier, watching AMTG for trades both
ways, not AMTD
[07:00 am] Mitch K:
monitoring AET
[07:00 am] Mitch K: next
trade on AMTG is a long, 1 min chart should
work, like 2 min on these later
[07:01 am]
Mitch K: PPG bottoming
[07:01 am] Mitch K:
monitoring CERN
[07:02 am] Mitch K: CERN
and AET in same sector, health
insurance
[07:04 am] Mitch K: let it
drop,
[07:04 am] Mitch K: watching QCOR
again for 2nd bottom
[07:09 am] Mitch K:
forgot about my SI, Silver simulated trade
short 8 days ago, up $7400 per contract,
lol
[07:11 am] Mitch K: monitoring NE, no
hurry
[07:12 am] Mitch K: watching PANL
for top
[07:13 am] Mitch K: same with HLF,
trading in tandem
[07:13 am] Mitch K:
cover NUS if short
[07:18 am] Ed : SPY new
lod
[07:36 am] Mitch K: GS started
bouncing already
[07:36 am] Mitch K:
watching banks for bounce: JPM,N GS,
WFC
[07:39 am] Mitch K: NG, Natural Gas
moving well, watching for top for small
short. its moving both ways
today
[07:46 am] Mitch K: that comment for
anyone long
[07:46 am] Mitch K: PPG bounce
probably peaking here
[07:47 am] Mitch K:
watching for smaller 2nd helping short on
NFLX,
[07:56 am] Mitch K: watching QCOR
closer
[07:57 am] Mitch K: watching PANL
to cover soon, gradually
[07:58 am] Mitch
K: GC, SI, gold and silver on strong bull
run
[07:59 am] Mitch K: i was referring to
gold and silver bull run
[07:59 am] Mitch
K: this kind of run is NOT something you want
to short but buy on dips
[08:05 am] Mitch
K: It is getting pretty obvious that these
politicians wont put a deal together in the
next 4 days so the market is buying Silver
and GOld for that reason
[08:06 am] Mitch
K: watching AGQ for trades in silver though,
it is a 2 to 1 leveraged ETF, worth
watching
[08:08 am] Ed : SPY nearing
lod
[08:09 am] Mitch K: CL 02-13 cycling
real well long and shorts, next trade is a
long. using 1 min chart at the
moment
[08:12 am] Ed : SPY lost low of
range for new lod
[08:23 am] Ed : Sen Reid
to speak on fiscal cliff @ 1pm est
[09:05
am] Ed : SPY new lod
[09:16 am] Mitch K: a
micro bounce in the sp 500 also will help FB
bounce
[09:16 am] Mitch K: good eye on FB
murano
[09:16 am] Mitch K: should get to
26.12 area
[09:18 am] Mitch K: pretty
decent trading in CL, especially compared to
other futures
[09:40 am] Mitch K: consider
the next top in the CL 02-13 as a
short. watching the 250v chart
now
[09:54 am] Mitch K: the CL trade is
behaving exactly as expected so far.
should retest that 90.08 area and if goes
lower, could easily drop to new lows for
day
[10:01 am] Mitch K: CL is ultra
sensitive to news, and follows stock
indexes. The trend has been down all
day so the odds are trend continues
down. we could be having a trend
change. small bounce in sp500 helps
lift CL prices
[10:03 am] Mitch K: KORS
interesting murano, thanks
[10:03 am]
Mitch K: also watching 6A, Australian
dollar
[10:03 am] Ed : nice bounce in SPY
off bottom
[10:19 am] Ed : Bronte Capital
taking position in HLF, timing
uncertain
[10:24 am] Mitch K: referring to
the CL chart
[10:24 am] Mitch K: the way
you can tell a trend change occurs is when
you get a higher high than the last
rebound
[10:25 am] Ed : SPY pulling
back
[10:59 am] Ed : SPY trading in tight
range
[11:05 am] Ed : getting drop out of
consolidaiton area on SPY
[11:18 am] Mitch
K: i’d be careful about shorting NUS too much
taco, i think you want to be on the long
side, buy on dips. that is todays
pattern and also buying pressure shown on
daily chart too
[11:19 am] Mitch K: a
pretty good rule of thumb is to short the
weak stocks and buy the strong ones, odds are
more in your favor
[11:22 am] Mitch K:
like what we saw in CL earlier with downtrend
most of morning and then we saw a trend
change. i think the URI bounce can be
shorted as well until we see evidence of a
trend change
[11:23 am] Mitch K: traders
at all levels are working on emotions
taco. after you understand techniques,
90% of trading is controlling
emotions
[11:26 am] Mitch K: look at the
guys who break banks and are professional
traders who tried to repair losing positions
and went over position size to try to make up
for losses. then they often try to hide
evidence of trades. how about the guy
from Rochdale securities, a small firm,
trader built $1 billion in apple stock, tried
some sort of scammy trade. Rochdale
only had $6 million bucks. this will
always be a challenge, you just try to manage
it. becomes less of a problem if you
practice a lot, builds your confidence same
as athletes practice their
sport
[11:46 am] Ed : House is
planning 6:30pm session on 12/30
[11:27
am] Mitch K: this rochdale AAPL trade was
within last 2 months. they have
emotional control and discipline problems
too.
[11:45 am] Ed : getting bounce in
markets
[11:47 am] Ed : this is 48 hoour
notice needed for House to convene
[12:00
pm] Mitch K: looks like the buying in the
last 12 minutes is from the news the House to
convene
[12:08 pm] Ed : talk that when
HOUSE meets could be there through new years
day
[12:58 pm] Ed : have a great evening
traders
[12:59 pm] Mitch K: later
guys
| [06:17 am] cowboyh : test
[06:20 am]
taco : good morning all
[06:20 am]
taco : u pass again cowboy
[06:21
am] cowboyh : Man I’m getting
good!!!
[06:21 am] qwert : good
morning everybody
[06:22 am] lisas :
gm all
[06:22 am] shark : gm
all
[06:23 am] taco : hey shark,
youre back
[06:23 am] shark :
🙂
[06:23 am] skydiver : gm all –
STJ is down quite a bit — hey
shark!
[06:24 am] shark : hi
sky
[06:24 am] lisas : Welcome back
shark!
[06:24 am] skydiver : welcome
back!! I hope you enjoyed Vietnam
🙂
[06:24 am] shark : yeah, it was
AWESOME!!!
[06:24 am] skydiver :
Those beaches are quite nice 🙂
[06:25 am]
shark : I agree
[06:25 am]
reshef : G.morning
[06:28 am]
elisha : Good Morning Mitch, Ed and
everyone
[06:28 am] skydiver :
forget STJ – gliltch on my esignal chart
— chart showed 32.80 but price is at
36.07
[06:29 am] victor51 : good
morning all
[06:30 am] elisha : sky
– on my NT chart it shows the price went down
to32.64
[06:30 am] skydiver : humm .
. thnx elisha
[06:30 am] mikewd2 -:
CSTR
[06:30 am] mikewd2 -: GRMN
[06:36
am] cowboyh : HLF moving up
[06:37
am] taco : nice 1% on HLF s
[06:38
am] taco : quickie
[06:39 am]
taco : watching RIMM
[06:39 am]
mikewd2 -: HLF L 28.10
[06:40 am]
shark : USD/JPY long best trade so far
today
[06:40 am] shark : popped
right thru 86.00 level
[06:40 am] mikewd2
-: DECK
[06:41 am] mikewd2 -: missed my
long entry on DECK
[06:41 am] mikewd2 -:
kors
[06:42 am] taco : MED
moving
[06:44 am] taco : hop on
trend day Mitch?
[06:44 am] mikewd2 -:
good point taco, be care trying to reverse
unless market conditions change
[06:45 am]
taco : ya spy had big move up
[06:47
am] Mitch K: which stock you referring to
taco, put symbol in same sentence so i dont
havve to read back
[06:47 am] taco :
HLF NUS
[06:48 am] taco : right,
ty
[06:48 am] taco : will look for
smart entry
[06:52 am] mikewd2 -: if HLF
can break thru this 28.60 area should run for
a while
[06:53 am] mikewd2 -: dang – DECK
still running
[06:53 am] mikewd2 -: hoep
someone got it
[06:53 am] shark :
I’m seeing Ugg boots as far as the eye can
see in the malls -DECK
[06:54 am]
taco : s DECK 37.39
[06:58 am]
skydiver : New home sales for Nov – and
consumer report reading out in 90 seconds or
so
[06:58 am] mikewd2 -: keep stop in
place taco, DECK seems strong to me
today
[07:00 am] shark : 65.1
consumer confidence vs 70 estimate
[07:00
am] skydiver : thnx shark
[07:00 am]
shark : 337K Nov new home sales,
roughly close to expectations
[07:02 am]
taco : SPY new lod
[07:05 am]
apple : good morning to all jolly
traders
[07:05 am] taco : covrd
2/3
[07:05 am] skydiver : gm
apple
[07:06 am] taco : hi
apple
[07:06 am] apple : gm
taco
[07:06 am] apple : gm
sky
[07:06 am] apple : gm shark –
missed you!
[07:06 am] apple : gm
mike
[07:08 am] taco : maybe its
short covering in DECK?
[07:10 am]
apple : nice virtual money
MK!
[07:10 am] skydiver : too funny
Mitch
[07:12 am] taco : closed
DECK
[07:16 am] scalpman : cover 1/2
QCOR S
[07:17 am] apple : gm
scalp
[07:18 am] taco : s DECK
37.51
[07:18 am] apple : gm
E
[07:20 am] cowboyh :
TVIX
[07:20 am] apple : gm
cowboy
[07:20 am] cowboyh : GM
Apple
[07:20 am] lisas : gotta run,
family up now. Have a great day all
[07:21
am] taco : bye lisa
[07:21 am]
skydiver : bye lisas – have a great
time
[07:22 am] apple : bye lisa,
have fun
[07:22 am] qwert : bye
lisa
[07:22 am] taco : closed mini
short DEDCK
[07:22 am] mikewd2 -: markets
heading south
[07:24 am] mikewd2 -: KORS
sold off
[07:24 am] mikewd2 -:
urbn
[07:24 am] cowboyh : M
bottoming
[07:24 am] reshef :
WYNN
[07:25 am] scalpman : Cover 1/2
DECK S (1%)
[07:26 am] taco : nice
one
[07:30 am] taco : it’s been
strong against big SPY drop (DECK)
[07:34
am] apple : ICE looks like it’s
melting…
[07:37 am] scalpman :
cover 1/4 DECK S
[07:40 am] scalpman
: all out DECK S
[07:41 am] regatta
: SKS
[07:41 am] taco :
HLF
[07:48 am] shark : KORS spiking
on CNBC conversation
[07:50 am]
apple : looks like the market woke
up
[07:51 am] taco : HLF
weak
[07:54 am] reshef :
NE
[07:59 am] apple : thx
MK
[07:59 am] taco :
thanks
[08:03 am] taco : HLF and NUS
are making higher highs and lows
[08:06
am] apple : stock up
[08:18 am]
taco : watching JCP
[08:23 am]
apple : thx E, here we go
again…
[08:24 am] taco : anyone
else get snow last night?
[08:24 am]
taco : we got 10″
[08:24 am]
taco : toronto
[08:24 am]
shark : ughhh
[08:24 am] apple
: omg, nothing… just rain which is
great!
[08:25 am] apple : shark –
how was your trip?
[08:26 am] shark
: really great, better than
expected
[08:26 am] shark :
incredibly friendly people
[08:27 am]
taco : why did you go?
[08:27 am]
apple : you were in vietnam,
right
[08:27 am] shark : from Saigon
to Hanoi, yes
[08:27 am] apple :
love vietnamese food
[08:27 am]
shark : 🙂 they eat so healthy
too
[08:28 am] apple : and that’s a
good thing
[08:28 am] shark : no
McDonalds or Starbucks there
[08:29 am]
victor51 : Hey Shark, My son left for
Cambodia/Hanoi yesterday. How is the
weather?
[08:29 am] shark : just saw
Baskin Robbins, KFC, Coffee Bean…in limited
qty’s
[08:29 am] shark : Hanoi was
COLD
[08:29 am] apple :
interesting
[08:30 am] shark :
Cambodia weather should be 82ish,
nice
[08:30 am] apple : how long
were you there?
[08:30 am] shark : 3
weeks
[08:30 am] shark : or…”not
long enough” take your pick
[08:30 am]
apple : nice, long enough to get a real
feel for it
[08:30 am] taco : DECK
hod
[08:31 am] shark : haha,
yes!
[08:31 am] apple : QCOR still
dripping…
[08:32 am] victor51 :
what was your favorite place
[08:32 am]
shark : Saigon
[08:33 am]
victor51 : that’s wonderful
[08:33
am] apple : i would love to
travel
[08:33 am] shark : what is
stopping you, apple?
[08:33 am]
apple : 11 year old
[08:33 am]
shark : I wish I had taken my friend’s
7 year old with me
[08:33 am] shark
: he would have had a blast
[08:33 am]
victor51 : Mitch, Thanks for HLF. Long
@27.75 Long was good
[08:34 am]
apple : we will one of these
days
[08:35 am] apple : NFLX moving
off lod
[08:37 am] scalpman : Sell
another 1/4 DECK L (2%)
[08:39 am] Ed :
nice trading scalp
[08:39 am] taco :
nice vic and scalp
[08:40 am] Ed : nice
going vic
[08:40 am] scalpman : all
out deck l
[08:40 am] scalpman :
LO
[08:40 am] scalpman : L
[08:41
am] scalpman : ..typo I meant DECK
L
[08:41 am] apple : taking a break,
back in a bit
[08:42 am] scalpman :
GS L up 30c
[08:44 am] scalpman :
Thanks ED
[08:45 am] scalpman :
Stopped on GS…I blew it, should have taken
profits.
[08:45 am] victor51 :
Ed Qcor L 27.64
[08:47 am]
scalpman : sell 1/2 QCOR L
(1%)
[08:48 am] scalpman : Sell 1/4
QCOR L
[08:49 am] scalpman : holding
last piece at b.e.
[08:50 am]
victor51 : Scalp, sold 1/3
qcor
[08:51 am] scalpman : all oout
QCOR L
[08:51 am] shark : nice
scalp
[08:51 am] taco : nice going
guys
[08:56 am] scalpman : Thanks
shark
[08:56 am] scalpman : good job
victor
[08:56 am] scalpman : Time to
go…good trades today…see you
tomorrow.
[08:57 am] scalpman :
Thanks for good trade ideas
[08:57 am]
scalpman : Scalpman has left the
building!
[09:00 am] apple : back
from break
[09:02 am] murano :
FB
[10:02 am] apple : thx
MK
[10:02 am] murano :
KORS
[10:05 am] murano : See what
happens to KORS near 48
[10:16 am]
taco : NUS new hod
[10:37 am]
taco : s NUS 36
[10:38 am]
taco : covered
[11:12 am]
apple : watching NFLX
[11:17 am]
reshef : URI
[11:20 am] Ed : I had
to learn that the hard way
[11:20 am]
apple : lol
[11:20 am] taco :
thanks Mitch
[11:20 am] apple : good
reminder
[11:20 am] taco : i’m long
both in rrsp accts and scalp in this
one.
[11:21 am] taco : but
understand odds you speak of for shorting
them
[11:21 am] taco : working on my
emotions still
[11:22 am] Ed : thats more
of counter trend, can be done, but takes more
precision and is more advance
[11:23 am]
taco : )
[11:24 am] taco : i’m
starting to be not horrible so things are
good
[11:31 am] murano : I assume
Rochdale is out of business??
[11:35 am]
Mitch K: i think they scrambled and borrowed
some money
[11:35 am] taco : there’s
stuff in google re it
[11:48 am]
apple : AAPL soaring
[12:06 pm]
qwert : monitoring SFLY
[12:08 pm]
apple : thx E
[12:09 pm] Ed : it
used to be BEN that moved markets now its
congress
[12:09 pm] go4it : KORS
trending up nicely
[12:09 pm] Ed : it was
great call
[12:09 pm] Ed : think it was
murano
[12:10 pm] go4it :
yes
[12:10 pm] qwert : yes really
nice call
[12:10 pm] go4it : thanks
Murano
[12:15 pm] go4it : out
KORS
[12:19 pm] taco : SFLY was on
Ellen degeneres for her 12 days of
xmas
[12:20 pm] taco : looks like
its over
[12:23 pm] apple : AAPL has
not moved like that in a long time
[12:28
pm] qwert : Bye everybody gotta take
off early cya all in the am thx for
awesome calls
[12:28 pm] taco : c ya
qwert
[12:28 pm] apple : bye qwert
have a fun evening
[12:28 pm] Ed : c ya
qwert
[12:31 pm] apple : NFLX took
off nicely from the bottom
[12:33 pm]
taco : it sure did apple
[12:34 pm]
apple : i hope you got some
taco
[12:34 pm] taco : no
didn’t
[12:34 pm] apple : too
bad
[12:35 pm] taco : fir the
counter trend description Mitch wrote
about
[12:35 pm] taco :
fit
[12:38 pm] taco : look forward
to wht happens next week for more volume and
movement
[12:39 pm] apple : BIDU and
AMZN had nice bounces as well
[12:40 pm]
murano : See ya’ll tomorrow
[12:40
pm] taco : bye murano
[12:40 pm]
apple : bye murano, have fun
[12:43
pm] victor51 : See you Murano with your
year end miracle!
[12:44 pm] Ed : see ya
murano
[12:46 pm] taco : i was
checking holidays, is market closed jan
2?
[12:46 pm] Ed : Jan 1 its
close
[12:46 pm] apple : taco – jan
1 new year’s day
[12:47 pm] apple :
open for business as usual jan 2
[12:47
pm] taco : ok, doc folder says jan
2
[12:49 pm] Ed : thats 2012
year
[12:55 pm] taco : ah, now it
clicked, ok lol
[12:56 pm] shark :
great bounce in KORS, all out long
[12:56
pm] taco : thanks Mitch and Ed, all see
you tomorrow
[12:56 pm] Ed : c ya
taco
[12:56 pm] taco : nice one
shark
[12:57 pm] shark : thx
taco
[12:59 pm] apple : thx MK, E
and everyone. all have a fun
evening
[01:03 pm] victor51 : Thanks
Mitch, Ed all traders. see you. all
|
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