[06:16 am] Mitch K: my take is the market is
going to give us good shorts and good longs
this morning, both ways. The ideal scenario
is we get good shorts initially followed by
strong buying today
[06:23 am] Ed : good morning traders
[06:30 am] Mitch K: watching SINA for a drop
and pop, buying the pop
[06:31 am] Mitch K: watching KDN for top to
short, monitoring
[06:31 am] Mitch K: for short
[06:31 am] Mitch K: watching CPO
[06:31 am] Ed : watching CPO for short
[06:31 am] Mitch K: watching NVLS for bottom
to buy
[06:31 am] Mitch K: watchign LRCX for bottom
to buy
[06:32 am] Mitch K: watchign UA for quick
short
[06:32 am] Mitch K: watching ANGI for
bottom
[06:33 am] Mitch K: watching AFL for top to
short
[06:33 am] Ed : consider covrn some CPO
short
[06:34 am] Mitch K: monitoring AET for top to
short
[06:34 am] Mitch K: watching HLF for top to
short
[06:34 am] Mitch K: dont forget about ABMD
bottom
[06:34 am] Mitch K: watching ABMD for a
bottom to buy, this is going to be a good
one
[06:35 am] Mitch K: watching EXP for
bottom
[06:35 am] Mitch K: watching VELT for bottom
to buy, use limit if big spread
[06:36 am] Mitch K: watching KLAC for
bottom
[06:37 am] Mitch K: monitor COGS for a bottom
to buy, missed top for short; ideal to see
34.70 area
[06:37 am] Mitch K: low priced short on VOCS,
soon
[06:38 am] Mitch K: watching NOV for bottom
to buy
[06:38 am] Mitch K: watching CAM for
bottom
[06:38 am] Mitch K: consider selling some EXP
here
[06:39 am] Mitch K: there was that pop in
SINA, sell
[06:39 am] Mitch K: watching NVLS, LRCX
closer for bottom, similar category
[06:40 am] Mitch K: watching V for a bottom,
Visa
[06:40 am] Mitch K: consider selling more
EXP
[06:40 am] Mitch K: watching JOY for bottom
to buy
[06:40 am] Mitch K: watching WLT for
bottom
[06:40 am] Mitch K: watching CNQR for bottom
to buy
[06:41 am] Mitch K: watching PER for bottom
to buy
[06:41 am] Mitch K: watch AFL to cover soon,
most of it at least
[06:41 am] Mitch K: missed top in DNKN for
short, still monitor for short, prefer 33.30
area
[06:42 am] Mitch K: ANF bouncing, more
upside
[06:42 am] Mitch K: watching HLF, looks toppy
for short
[06:43 am] Mitch K: DPS toppy for short
[06:43 am] Mitch K: consider reducing some
CAM long
[06:44 am] Mitch K: VPRT toppy for short
[06:44 am] Mitch K: missed SVVC bottom, watch
for top to short, top of bounce, S V V C, not
a W
[06:46 am] Ed : monitor INFA for bottom no
rush, would like more selling
[06:48 am] Mitch K: watching CP for top to
short
[06:48 am] Mitch K: watching DRI for top to
short
[06:48 am] Mitch K: consider closing
remaining EXP long
[06:50 am] Mitch K: watching CREE for top to
short
[06:50 am] Mitch K: watching SLW for top to
short
[06:50 am] Ed : monitor LNKD on this
pullback, needs to hold 111.91 area
[06:51 am] Mitch K: consider covering AFL
short soon
[06:51 am] Ed : SPY hod
[06:52 am] Mitch K: commodity stocks and
mining really bouncing
[06:53 am] Mitch K: watching CNI for top to
short
[06:54 am] Mitch K: watchign CRZO for top to
short
[06:55 am] Mitch K: watching SLW closer for
short
[06:55 am] Mitch K: watchjing DRI closer for
top
[06:55 am] Mitch K: watching CIB for short
[06:55 am] Mitch K: any bigger movers like
EXP should be watched to short on top of
bounce, little late for EXP though
[06:56 am] Mitch K: ATHN toppy for short
[06:57 am] Mitch K: i think i mistyped COG
earlier, had an S on end. hopefully you guys
figured out this is Cabot OIl and Gas for
bototm. consider selling long and watch for
top to short
[06:58 am] Mitch K: there is no such symbol
as COGS
[06:58 am] Mitch K: sorry about that
[06:59 am] Mitch K: remember we have had 9
out of the last 10 days down in indexes so
strong bounces are very possible
[06:59 am] Mitch K: good call on ANF
somebody, cant remember, prob more upside
[07:00 am] Mitch K: thats what we are seeing,
much stronger bounces than normal, may turn
into trending stocks upward
[07:01 am] Mitch K: watching for short on top
of TEX bounce
[07:01 am] Mitch K: watching ALC for bottom,
low vol stock
[07:04 am] Mitch K: consider covering most of
CREE soon
[07:05 am] Mitch K: watching AFL for 2nd
helping short
[07:06 am] Mitch K: watching VHC for top to
short
[07:07 am] Mitch K: consider selling PER and
watch for short soon
[07:07 am] Mitch K: watching WHZ for short
[07:08 am] Ed : ADVANCED TRADE watching VELT
for bottom
[07:10 am] Mitch K: CP stronger but still
coming down, maybe cover some around 75.50
area,
[07:10 am] Mitch K: looking for 52.40 to
cover DRI, be flexible, should be soon
[07:11 am] Ed : SPY pulling back into
potential support
[07:11 am] Mitch K: ATHN could fall quite a
bit more on short, broke below opening price
after spike
[07:12 am] Mitch K: not sure if i mentioned
ALC, sell if i posted long
[07:12 am] Mitch K: late to see SFY short,
more downside
[07:13 am] Mitch K: NVLS bouncing
[07:13 am] Mitch K: LRCX bouncing
[07:13 am] Mitch K: KMP toppy
[07:17 am] Mitch K: watch CREE for 2nd
helping short
[07:17 am] Ed : nice bounce in SPY off
support
[07:18 am] Ed : VELT needs to get going on
will stop at b/e
[07:19 am] Mitch K: thought that was
CHinese
[07:19 am] Mitch K: ok
[07:19 am] Ed : break even
[07:19 am] Mitch K: what is b/e
[07:19 am] Mitch K: more upside on NOV; oil
stocks have been down sharply and big bounces
would be expected
[07:20 am] Mitch K: dont wait for us to give
you suggestions to close a position
[07:20 am] Mitch K: cover ATHN short soon
[07:21 am] Ed : reducing some VELT long to
get ahead of trade
[07:23 am] Ed : out all VELT long plus .20
not liking the weak bounce
[07:29 am] Mitch K: man i love it
[07:29 am] Mitch K: aargh, missed RL bounce,
Ralph
[07:30 am] Mitch K: sorry, that wasnt for
Ralph
[07:33 am] Mitch K: anyone short WHZ… watch
to cover soon
[07:34 am] Mitch K: MELI on the move
[07:35 am] Mitch K: watching FRAN for bototm
to buy, was a big one monday
[07:37 am] Mitch K: NVLS and LRCX companion
stocks moving well on long, could turn into
trending
[07:42 am] Ed : reducing 3/4 long LNKD
[07:43 am] Mitch K: how do you recover
financially when runs on banks occur en
masse
[07:43 am] Mitch K: pretty amazing
[07:43 am] Mitch K: you guys watching the run
on the Greek banks?
[07:47 am] Mitch K: 2nd helping AFL short
over, consider covering
[07:48 am] Mitch K: watching SNDK for
bottom
[07:49 am] Mitch K: RALPH still moving, RL
[07:50 am] Mitch K: consider covering WHZ
short
[07:50 am] Mitch K: watchign VHC closely for
cover point in short
[07:51 am] Mitch K: LM on the move
[07:52 am] Mitch K: consider selling some of
FRAN
[07:54 am] Mitch K: prob more downside on
OSUR
[07:58 am] Mitch K: consider selling RL
[07:58 am] Mitch K: consider covering SFY
soon
[08:05 am] Ed : more selling in SPY
[08:07 am] Mitch K: consider selling NVLS
LRCX
[08:17 am] Mitch K: you guys seeing the
headlines that European Central Bank stops
monetary operations to Greek banks?
[08:43 am] Ed : SPY trading at lod
[08:50 am] Mitch K: soon
[08:50 am] Mitch K: watching CNI to cover
short
[09:10 am] Mitch K: NVLS and LRCX turned into
trending stocks
[09:10 am] Mitch K: This Ira Sohn conference
with Einhorn, Paulson, others, going to move
stocks today, like HLF, GMCR
[09:11 am] Mitch K: DRI spiking, watching for
top to short, but looks dangerous to short
today, first spike had little pullback, use
smaller than normal positions
[09:11 am] Mitch K: SNDK bouncing
[09:51 am] Mitch K: how are you guys doing on
the DRI short
[09:58 am] Mitch K: no buy signal on DRI yet
to cover
[10:04 am] Mitch K: should cover DRI short
here
[10:06 am] Ed : monitoring ABMD for bounce
would like more selling back to test of lod
and see if holds
[10:16 am] Mitch K: no sell signal on KORS
yet shark but should be soon
[10:18 am] Mitch K: watch for a short on KORS
on top of this bounce; i realize hard to
switch mindset but KORS has and is usually a
good volatile trading stocks
[10:19 am] Mitch K: just dont get hung up
mentally thinking one direction. you know
you are getting to be a good trader when you
can go either way based on signals
[10:20 am] Mitch K: not sure how to explain
that term
[10:20 am] Mitch K: ABMD chart looks washed
out. no trade idea
[10:22 am] Mitch K: on KORS
[10:22 am] Mitch K: sorry, it was 2 candles
ago
[10:22 am] Mitch K: got a KORS sell signal
[10:22 am] Mitch K: if DRI gets good rebound,
may justify a short on top of that bounce
[10:22 am] Mitch K: that deep of DRI drop
justified a long entry for a quick bungie
cord rebound
[10:26 am] Mitch K: looking for 39.60 area on
KORS short
[10:28 am] Ed : SPY breaking down from
range
[10:35 am] Ed : more selling in SPY
[10:37 am] Ed : be patient let it setup
[10:37 am] Ed : monitoring PANL for bottom to
buy
[10:46 am] Ed : reducing 3/4 PANL long
[10:47 am] Ed : placing stop last 1/4
PANL31.59
[10:48 am] Ed : getting bounce in SPY
[10:54 am] Mitch K: how did you guys do with
OSUR today, short
[10:55 am] Mitch K: there are 40-50 ideas in
first 2 hours,
[10:55 am] Mitch K: it takes a lot of time to
post buy and sell ideas eddy, not possible
[10:56 am] Mitch K: also eddy, do you want to
learn how to trade or do you want someone to
think for you
[10:57 am] Mitch K: good answer eddy
[11:01 am] Mitch K: big spike going on
[11:02 am] Ed : out all PANL long
[11:02 am] Mitch K: EUR rebounding, must be
some news hit
[11:02 am] Mitch K: we have had 13 up daysin
the US dollar, not reversing
[11:14 am] Ed : spy new lod
[11:33 am] Mitch K: good job on PANL guys,
ideal V pattern
[11:35 am] Ed : SPY new lod
[12:34 pm] Ed : MLM watch for reopen, Einhorn
negative comments on stock
[12:46 pm] Ed : if u took MLM long would
reduce
[12:49 pm] Ed : thx joey
[12:49 pm] Ed : watching AMZN for buy signal
ADVANCED tRADE
[12:50 pm] Ed : Eiinhorn comments on AMZN
[12:51 pm] Ed : DKS more comments
[12:54 pm] Ed : if u we able to take DKS long
would reduce
[12:59 pm] Mitch K: later guys
[12:59 pm] Ed : 1 min left in trading day
[01:00 pm] Ed : have an awesome evening
[01:09 pm] Mitch K: hey you guys, what did
that Ira Sohn conference talk about in
stocks? was going to be GMCR and HLF
[01:10 pm] Mitch K: jumped 8 bucks today
[01:10 pm] Mitch K: looks like Einhorn might
have covered
[01:19 pm] Mitch K: Dont do anything that we
wouldn’t do
[01:19 pm] Mitch K: later guys, take care
shark, ha ha
|
[05:59 am] mikewd2 -: good morning
traders.
[06:01 am] qwert : Good morning everybody
:))
[06:06 am] mikewd2 -: so Ford says FB very
effective advertising
[06:08 am] mikewd2 -: FB increases IP offer
by 25% shares
[06:12 am] khall : good morning all
[06:13 am] eddy : good morning everyone
[06:13 am] scalpman : gm all
[06:15 am] scalpman : Sina GAP US
[06:15 am] scalpman : GAP up
[06:16 am] mikewd2 -: Industrial production
grew
[06:17 am] joeytsa : Good morning Mitch, Ed,
everyone
[06:17 am] scalpman : JCP gap down
[06:17 am] joeytsa : tons of gaps today
[06:17 am] scalpman : Thanks mitch
[06:19 am] joeytsa : gap down:
ASEI,FOSL,ACAT,LUFK,JAZZ
[06:19 am] joeytsa : gap up:
OPNT,EQIX,ASMI,ATHN,ULTA,SINA
[06:20 am] scalpman : test
[06:21 am] joeytsa : ES res 1336area,
touched 1321 overnight,seems like 1333 is
support for now
[06:21 am] skydiver : gm all
[06:21 am] joeytsa : Crude just under $93
*** austria -, Welcome to the
TradeStocksAmerica Live Trading Room
[06:23 am] skydiver : gm Ed
[06:23 am] scalpman : HI Ed
[06:23 am] eddy : hi ed
[06:32 am] mikewd2 -: ANF
[06:32 am] joeytsa : ANF pulling back
[06:32 am] skydiver : S CPO 57.48
[06:33 am] skydiver : covered 3/4 S CPO
[06:33 am] skydiver : thnx Mitch for CPO
[06:35 am] mikewd2 -: great short on ANF
[06:37 am] mikewd2 -: out ANF 40.00
[06:37 am] joeytsa : ES testing 1333
[06:37 am] skydiver : ANF L 40.11
[06:38 am] skydiver : out 3/4 of ANF
[06:39 am] joeytsa : LNKD moving
[06:39 am] joeytsa : hitting $113
[06:39 am] joeytsa : already did Mitch 🙂
[06:41 am] joeytsa : AAPL,CRM,BIDU all
pulling back to prev cl
[06:41 am] skydiver : nice joey
[06:42 am] mikewd2 -: APA L 83.30
[06:42 am] skydiver : come on SINA —
drop
[06:42 am] skydiver : all out of ANF L
[06:43 am] skydiver : out 1/2 SINA S
[06:43 am] mikewd2 -: Oils seem to be getting
a bounce
[06:43 am] skydiver : all out of SINA S
[06:44 am] mikewd2 -: DPS breaking out
[06:44 am] skydiver : watching CRM
[06:44 am] skydiver : missed the S on CRM
[06:49 am] skydiver : JCP popped up
nicely
[06:49 am] joeytsa : markets moving
[06:50 am] joeytsa : crude moving well
also
[06:51 am] skydiver : I’m in CREE L – at
30.64
[06:51 am] mikewd2 -: out APA 84.10
[06:51 am] skydiver : out 3/4 CREE L
31.75
[06:51 am] khall : great sky
[06:52 am] khall : nice trade
[06:52 am] skydiver : all out of CRFEE L
[06:52 am] skydiver : thnx khall
[06:53 am] skydiver : CREE subsidairy was
awarded outdoor lighting contract with Wall
Mart
[06:53 am] skydiver : sorry to not have
posted that — had other things going on in
the house
[06:54 am] joeytsa : very nice moves so
far
[06:54 am] skydiver : yes joey 🙂
[06:54 am] skydiver : makes me want to play
a pink minature guitar
[06:55 am] joeytsa : hahahaha
[06:55 am] joeytsa : GS tested prev hi
[06:55 am] skydiver : 🙂
[06:55 am] joeytsa : SINA testing hod
area
[06:58 am] mikewd2 -: SINA S 59.20
[07:00 am] joeytsa : ANF might get
interesting if it can push thru res
[07:00 am] mikewd2 -: watching for another
short on ANF
[07:00 am] skydiver : thnx Mitch
[07:01 am] joeytsa : APA just a monster
🙂
[07:01 am] skydiver : nice joey on APA L
[07:02 am] joeytsa : thx Mitch for WLT
also
[07:02 am] mikewd2 -: did you get in when i
got out joey – lol
[07:02 am] joeytsa : no i got out earlier
[07:02 am] joeytsa : just happened to look
at the chart and saw it kept moving
[07:03 am] scalpman : Trailing Down DRI S
[07:03 am] skydiver : all out of JOY L 61.31
– 62.32
[07:03 am] joeytsa : some cons in the ES, GS
slight pullback
[07:04 am] skydiver : Nice mike on S SINA
[07:04 am] scalpman : Allout DRI S
[07:04 am] mikewd2 -: covered SINA S 58.40
[07:05 am] joeytsa : nice mike
[07:05 am] skydiver : SINA bounced off of
vwap on one minute chart — very nice mike
[07:05 am] pow : gentlemen, the last 6
months has been a joy trading with you and
learning. I have learned so……..much. I
am more profitable with swing trading and not
day trading. So Thank to all of you guys. I
will check in with you all from time to time.
and will be ending this site soon. pow
[07:06 am] mikewd2 -: didn’t know i would get
it sky, it was bouncing off 20ma
[07:06 am] skydiver : been good having you
pow – will miss you
[07:06 am] joeytsa : CXO trying to break
[07:06 am] joeytsa : be safe pow
[07:06 am] skydiver : yeah mike – but you
got it – that is what counts 🙂
[07:07 am] skydiver : with profit
[07:07 am] skydiver : CRM still dropping
[07:08 am] joeytsa : GOOG has been on
fire
[07:09 am] skydiver : TPX dropping – no
volume
[07:09 am] mikewd2 -: VELT L 6.95
[07:10 am] joeytsa : AMZN pulling back to
$226
[07:11 am] pow : aapl tanking….still
short
[07:11 am] skydiver : CRM still dropping
[07:11 am] joeytsa : yeah it is
[07:11 am] mikewd2 -: moving stop on VELT to
b/e
[07:13 am] skydiver : nice pow
[07:14 am] joeytsa : crude inv in 15
minutes
[07:14 am] mikewd2 -: SLW nice bump off
support
[07:14 am] joeytsa : APA sitting on some
support
[07:16 am] mikewd2 -: missed this last dip on
SINA to take long
[07:16 am] mikewd2 -: higher highs, higher
lows.
[07:17 am] skydiver : MAKO slow climb this
morning
[07:17 am] skydiver : watching CREE for S
[07:18 am] mikewd2 -: CHK trying to break
15.00
[07:18 am] mikewd2 -: Ed, i closed my VELT at
7.05 didn’t like the way it was going
[07:19 am] Ed : nice going
[07:19 am] khall : break even
[07:19 am] eyes : Whats your BE Ed
[07:19 am] Ed : 6.81
[07:19 am] khall : LOL
[07:20 am] joeytsa : ES coming to test
res
[07:21 am] joeytsa : GS pushed above prev
hi
[07:21 am] eddy : all out velt 7.04
[07:22 am] mikewd2 -: nice 5% move in SLW
today
[07:23 am] eyes : Do you See something wrong
with this picture 5 trades all winners up 36
dollars
[07:23 am] joeytsa : nice going eyes !!!
[07:23 am] mikewd2 -: very nice entry price
Ed
[07:24 am] skydiver : not bad eyes if
you’re trading one share only at a time 🙂
[07:24 am] mikewd2 -: lol
[07:24 am] joeytsa : tighten stop on AMZN if
long
[07:24 am] skydiver : eyes – you do need to
trade more that Ed’s one share at a time –
will help
[07:24 am] eyes : Mike on your Matrix do you
have PL showing
[07:25 am] mikewd2 -: yes, and i add %gain
just to visualize
[07:25 am] Ed : did not get chance to sell on
1st pop, got distracted, had higher low,
stayed, on train slow mover/weak with bounce
in PSY
[07:26 am] eyes : Well at least the firm
loves me 20 in commisions
[07:26 am] mikewd2 -: but don’t tell Mitch!!
lol
[07:27 am] mikewd2 -: APA turning over a
bit
[07:27 am] victor51 : Eye, I love my Matrix
and mike., I will also add %
[07:28 am] mikewd2 -: it’s nice if you scale
out some at 1%, etc.
[07:28 am] eyes : I like it too just that i
watch the money to much on it
[07:29 am] mikewd2 -: i do to some degree
also
[07:29 am] skydiver : TPX – didn’t post –
low volume but up from 50.55 – 51.38
[07:29 am] joeytsa : missed nice move on
LULU
[07:29 am] joeytsa : me 2 Mitch
[07:29 am] khall : yeah Joey, I was sitting
right here and didn’t take the darned thing –
LULU
[07:30 am] mikewd2 -: oil inventories
increase 2.1M barrels
[07:31 am] joeytsa : i had RL on the radar
earlier, then it got shuffled..missed 2 great
moves
[07:31 am] mikewd2 -: gasoline inventories
dropped 2.8Mbbls
[07:31 am] joeytsa : not much of a move on
crude though
[07:31 am] Mitch K: khall, you do that too?
stare at a stock and not react?
[07:31 am] khall : yep
[07:31 am] joeytsa : same here
[07:32 am] khall : but if I had your new
system, that wouldn’t happen 🙂
[07:32 am] Mitch K: i think i need Ginko
Biloba when i miss stuff
[07:32 am] Ed : only on sundays
[07:32 am] joeytsa : ROSG having a big
day
[07:33 am] mikewd2 -: WFT knocking on 13.00,
key resistance area
[07:33 am] joeytsa : SINA testing hod area,
multi-top
[07:34 am] victor51 : VELT slowly moving
up
[07:34 am] skydiver : CRM just hit vwap
resistance
[07:35 am] Ed : yep, I still would have sold
it, I like to cycle my money into stocks that
are moving
[07:35 am] Ed : patience
[07:35 am] skydiver : patience is a hard one
Ed 🙂
[07:35 am] go4it : Joey what about shorting
ROSG?
[07:36 am] joeytsa : dont think i can short
it
[07:36 am] joeytsa : on lightspeed
[07:36 am] victor51 : Mitch, I also got some
jiuce out of FRAN on Tuesday
[07:38 am] go4it : if I can get some on TS
whats the r/r look like to you
[07:39 am] joeytsa : i wouldnt take it
unless it lost support
[07:40 am] joeytsa : didnt see why it popped
so much
[07:40 am] go4it : thanks Joey
[07:41 am] joeytsa : a break above $8, could
run it to $9?
[07:41 am] joeytsa : loss of the $7 area,
might drop it to $5?
[07:41 am] joeytsa : just a guess though
[07:41 am] pow : shorted crm on bounce at
137. 35 with stop .15 cents above
[07:42 am] go4it : Thks Joey
[07:42 am] joeytsa : no prob
[07:42 am] joeytsa : break time, make some
$$ 🙂
[07:42 am] skydiver : nice pow – and I
missed it . . . time for ginko for me too
🙂
[07:43 am] skydiver : enjoy the break
joey
[07:44 am] skydiver : boy – I don’t know
Mitch – hard times coming up for the
Greeks
[07:44 am] go4it : Not easy to borrow TS
Joey
[07:44 am] go4it : There she goes
[07:48 am] skydiver : CRM bounced nicely
🙂
[07:48 am] skydiver : thnx pow for getting
my eyes back onto CRM
[07:49 am] skydiver : out 3/4 CRM LK
[07:51 am] skydiver : all out of CRM L
[07:52 am] skydiver : all out of TPX LK
[07:52 am] skydiver : don’t like this
keyboard keep hitting the k key —
[07:53 am] pirate : watching NUS
[07:54 am] skydiver : nice one pirate
[07:55 am] pirate : ya but it usually is
strong on breakouts
[07:56 am] skydiver : Well, have to leave
for my last day of conferences – see you all
tomorrow morning — been a great day 🙂
[07:57 am] Ed : c ya sky
[07:57 am] skydiver : thnx Mitch for the
great calls
[07:57 am] skydiver : and you too Ed :0
[07:57 am] skydiver : 🙂
[07:58 am] eddy : bye sky
[07:58 am] cdougan : KSS selling off
[08:00 am] scalpman : Out 4/5 on AFL S
[08:02 am] scalpman : SPY haws given up most
gains today
[08:02 am] scalpman : ha
[08:02 am] scalpman : has
[08:03 am] scalpman : all out ALF S
[08:05 am] scalpman : missed NUS
[08:09 am] khall : need to run – traveling
out of town for hubby’s CPE – will attempt to
get on tomorrow from the hotel. Have a great
rest of the day – thanks for the great calls
this morning
[08:09 am] Ed : c ya khall
[08:10 am] eddy : bye khall
[08:18 am] joeytsa : yeah Mitch
[08:20 am] joeytsa : ES just up and down all
morning
[08:25 am] pow : aapl tanking again testing
low of day still short
[08:27 am] joseph : LXU
[08:28 am] pow : looking for selling volume
to come int aapl
[08:29 am] joeytsa : SINA has been using
this $59 level all morning
[08:29 am] joeytsa : just watching for
now
[08:29 am] scalpman : NVLS S @ 44.52
looking for a break down
[08:31 am] joeytsa : europe is a mess
[08:32 am] pow : aapl took gains on tanking.
waiting to add to shorts again
[08:32 am] scalpman : NVLS patterns looks
promising…
[08:32 am] joeytsa : nice job
[08:33 am] joeytsa : as a
trader/investor..you really get a good look
at how the world is interconnected huh
[08:35 am] scalpman : Allout NLS small
profit…still strong…
[08:35 am] joeytsa : yeah scalp, still
holding the 5ma
[08:37 am] joeytsa : ES trying to hold lod
area
[08:39 am] scalpman : What is the SPY
equivalent for NASDAQ.
[08:39 am] joeytsa : QQQ ?
[08:40 am] pow : yes, good time to be
short
[08:40 am] joeytsa : NQ is the emini
nasdaq-100 futures symbol
[08:40 am] scalpman : I would image that in
trading NVLS we should what QQQ
[08:41 am] scalpman : imagine
[08:41 am] joeytsa : RUT/IWM are good to
follow also
[08:41 am] scalpman : watch
[08:42 am] scalpman : IWM is Russell ?
[08:42 am] joeytsa : yeah
[08:42 am] scalpman : Is it Tech-based?
[08:43 am] joeytsa : believe its small
cap?
[08:43 am] joeytsa : i mainly look at the
chart
[08:44 am] joeytsa : All the internals i
follow are at yearly lows though
[08:56 am] scalpman : NUS S @ 43.31
[08:57 am] scalpman : Love those Lunch time
shorts!
[08:59 am] eyes : Watch LM
[09:01 am] jsn13 : DRI
[09:02 am] scalpman : Reducing NUS…
[09:04 am] scalpman : Of course then NUS
behaves…Ha
[09:06 am] scalpman : NUS S targets 42.90
and 42.50
[09:07 am] scalpman : Preety soon on DRI
[09:14 am] jsn13 : Ed, what do u expect when
u see DRI’s move?
[09:15 am] Ed : just looking at charts
period
[09:16 am] jsn13 : would u short it? can u
call out the signal?
[09:22 am] scalpman : Time to go 4/6…I
blew it on DRI…in too soon…still a green
day…
[09:22 am] scalpman : Thanks for great calls
Mitch…see you all tomorrow.
[09:23 am] qwert : cya scalp
[09:23 am] scalpman : Bye Qwert…Scalpman
has left the build
[09:24 am] jsn13 : qwert, did u get DHI
short?
[09:24 am] qwert : you mean DRI
[09:25 am] qwert : if so yes
[09:25 am] jsn13 : sorry DRI…..which bar
did u enter?
[09:26 am] qwert : 12:17 55.15
[09:26 am] jsn13 : ok thanks alot….
[09:26 am] qwert : very small
[09:27 am] jsn13 : understand ur
considerations..
[09:30 am] qwert : ED did you short DRI
[09:30 am] Ed : yes, stil have 1/4 left
[09:30 am] jsn13 : where is ur entry Ed?
[09:30 am] qwert : did you enter using 3 min
fade
[09:31 am] Ed : just using 1min, and glancing
at 5min
[09:31 am] qwert : i just used bearish
engulfing on 3min
[09:32 am] Ed : nice
[09:32 am] jsn13 : how bout u Ed? what is ur
signal and entry price?
[09:33 am] Ed : 1/2 position 12:16 and 1/2
postion 12:17
[09:33 am] jsn13 : ok thanks….
[09:33 am] qwert : i got the book u
suggested by nison the candle charting course
loving it
[09:34 am] Ed : great book, can take ur
trading to next level
[09:35 am] qwert : ED what was your avg.
entry on dri
[09:36 am] Ed : jsn13 this type of trade is
probably good to not trade until ur really
really get good and consistent with other
strategies, this type goes against many
factors, shorting strong stock, that is
breaking out on daily, etc
[09:37 am] Ed : avg. 55.38
[09:37 am] qwert : thx ed
[09:37 am] Ed : no problem
[09:38 am] Ed : high risk, high reward
[09:38 am] jsn13 : ok thanks ed….lost 30
cents on half position cos enter to
soon….
[09:38 am] Ed : very easy to do on these,
best to concentrate on other strats for
now
[09:39 am] jsn13 : ok thanks….will avoid
these until i get really profficeint…
[09:39 am] joeytsa : NFLX just trending down
since hod
[09:39 am] Ed : good deal
[09:39 am] shark : nice joey
[09:40 am] eddy : hey qwert wat book is that
you are reffering to?
[09:40 am] shark : watching KORS for poss
bottom
[09:40 am] joeytsa : im not in it..just saw
it 🙂
[09:40 am] shark : 🙂
[09:41 am] chinhngo : jcp may be bottom
[09:41 am] joeytsa : ITC falling
[09:42 am] chinhngo : jcp go down 17%
[09:42 am] qwert : Its called The
Candlestick Course by Steve Nison
[09:42 am] eddy : k thx
[09:42 am] qwert : sure
[09:46 am] joeytsa : markets really testing
this 1330 area..seems very undecided
[09:46 am] aussie123 : A slew of videos re.
candlesticks on website …INFORMEDTRADES
they are very good
[09:46 am] shark : yeah
[09:50 am] qwert : ED where do you have your
stop on DRI now
[09:51 am] eyes : Any thoughta on LM
[09:51 am] Ed : 54.37 just above
consolidation
[09:52 am] qwert : thx ed
[09:52 am] qwert : great mk
[09:56 am] shark : LULU breaking be
[10:01 am] joeytsa : LULU trying to hold
prev lo
[10:04 am] qwert : thx mk
[10:10 am] jsn13 : where is the lod that u
mean Ed?
[10:11 am] qwert : low of day is 23.25
jsn
[10:12 am] jsn13 : qwert, are u in long
already on abmd?
[10:12 am] qwert : volume drying up on abmd
at least for now
[10:12 am] qwert : no
[10:12 am] jsn13 : adn SPY is still
indecisive….
[10:12 am] shark : KORS testing VWAP, nice
move up
[10:13 am] qwert : nice call on kors
shark
[10:13 am] shark : KORS long 39.39
[10:14 am] eddy : wow shark you took it so
early nice entry point
[10:15 am] joeytsa : shark nibbles toes b4
he gets to the leg 🙂
[10:15 am] shark : thx eddy, qwert
[10:15 am] shark : lol
[10:15 am] qwert : haha
[10:16 am] joeytsa : trail JCP if long on
that cnbc pop
[10:17 am] shark : 🙂 thx Mitch
[10:18 am] joeytsa : has room to run if it
punches thru prev lo res
[10:18 am] shark : out 1/2 KORS
[10:18 am] joeytsa : thx Mitch
[10:19 am] shark : KORS VWAP, S1 support
area here
[10:20 am] eddy : we wait longer for ABMD
Mitch you think?
[10:20 am] Ed : would pass if u did not get
bottom
[10:21 am] Ed : it needed more selling
also
[10:21 am] shark : all out KORS long
[10:21 am] shark : appx .58cents
[10:22 am] joeytsa : WLK big vol spike, not
srue its a trade
[10:22 am] qwert : nice shark
[10:23 am] shark : got it too, Mitch! Thx
🙂
[10:27 am] eyes : no shares at TS
[10:28 am] joeytsa : GS trying to hold
$100
[10:32 am] qwert : joey your GS getting some
volume
[10:33 am] victor51 : Can’t find KORS shares
at TS
[10:34 am] joeytsa : yeah qwert
[10:35 am] joeytsa : GS testing prev low
[10:36 am] joeytsa : LNKD pulled back past
few minutes also
[10:36 am] qwert : thx joey
[10:37 am] pow : taking more profits of
aapl
[10:41 am] joeytsa : AMZN trying to hold
prev lo
[10:42 am] eddy : ed we wait for your signal
on panl?
[10:42 am] joeytsa : looks like the ES might
try to test overnight lows of 1321 area
[10:43 am] pow : flushing on the downside
about to happen
[10:45 am] victor51 : Mitch, Amazingly NVLS
and LRCX moving in tandem. why is it
[10:47 am] Ed : eddy was already in the
trade
[10:48 am] eddy : i was waiting for the
signal.misied it
[10:48 am] Ed : great job not to chase
[10:48 am] eddy : ed it it possible for you
to call your entry the same way you call your
exit?
[10:49 am] eddy : this will be helpful to
all
[10:49 am] Ed : if I dont trade, be real easy
for me
[10:49 am] eddy : we all follow your gradual
exits why nt yr entry too?
[10:50 am] victor51 : Ed what % target did
you use for PANL for 3/4 sell
[10:52 am] Ed : I dont use % I use 1st level
of resistance just so happen it was about
1%
[10:54 am] Ed : eddy we do our best to give
heads up on what we are looking for and even
given prices when able too, as far as calling
on every single trade the entry speaking for
me it would be very tough. Also, when room
1st started entries were called and speaking
from experinece it was huge deterent
[10:55 am] eddy : ok fair enough
[10:56 am] eddy : naturally learn mitch
[10:57 am] murano : GIL
[10:57 am] eddy : but it would be helpfull
to be able to survive while learning
[10:57 am] eddy : im noyt asking for anyone
to de the job for me
[10:57 am] eddy : was just asking for
guidance wen possible
[10:57 am] eddy : if that is ahurdle as i
undrstand it is
[10:57 am] eddy : then it is fine
[10:58 am] Ed : I think it was done for short
time, this was my experience. When entry was
posted I strated to get upset with myself
that I could not get prices they were getting
which created frustration on my part. This
is goal which is what we want is for all in
room to be self sufficient. This is key and
this is where the room will take you. It has
done it for many, just learning curve is
different for all
[10:59 am] Ed : good eye murano
[10:59 am] qwert : FED minutes coming out at
11pst
[11:00 am] Ed : but when possible eddy will
do our best
[11:00 am] eddy : k thx
[11:02 am] qwert : nice trade on panl ed
[11:03 am] Ed : thx qwert
[11:03 am] cdougan : thanks for the call
Ed!
[11:05 am] jsn13 : Ed, sometimes maybe after
then 1st 2 hrs or so, can u guide us throgh
some of the trades that u might take using
the trading room’s microphone? then u don’t
need to type out the buy signals….then we
can have analysis from the setup to opening
positions and exits….it would really be
helpful to learn in real time rather than
after the trades were done….
[11:05 am] Ed : hey vicotr I use to use % to
exit my trades but found personally it ws
distraction for me. Sometimes would hold for
that 1% would get .8 and in tryn to hold for
1% would give it back. So, developed my exits
based on areas of support/resistance
[11:06 am] Ed : sure jsn13
[11:06 am] Ed : thx cdougan
[11:07 am] jsn13 : like when things are slow
like juz now for pnal, we can learn to have
the right mindset and thoughts….espically
when the price moves around, when should we
close our position earlier when they looks
weak and might not work out….
[11:07 am] jsn13 : *panl
[11:09 am] jsn13 : like when we can hold on
longer even though at that point it looks
weak…it is very different lookng at still
charts and in real time…
[11:10 am] eddy : bye everyone
[11:11 am] Ed : take care eddy
[11:11 am] qwert : cya eddy
[11:15 am] joeytsa : FOMC minutes:
Additional stimulus could be necessary if
recovery lost momentum
[11:15 am] Ed : it lost momentum think few
years back
[11:15 am] qwert : LNKD gave a nice
bounce
[11:16 am] joeytsa : isnt that called
qe3?
[11:16 am] qwert : 🙂
[11:17 am] joeytsa : so the stimulus aided
recovery needs more stimulus?
[11:17 am] joeytsa : is that how i
understand it?
[11:17 am] qwert : sounds right to me
joey
[11:17 am] Ed : yes and more ink
[11:17 am] qwert : red ink
[11:18 am] joeytsa : what a mess
[11:19 am] joeytsa : operation twist ends in
june
[11:20 am] joeytsa : should be interesting
to say the least
[11:22 am] jsn13 : is mike here?
[11:23 am] victor51 : Hi Murano, what did
you use to sreen out GIL?
[11:26 am] murano : Lightspeed scanner
[11:26 am] eddy : back for one more trade
[11:26 am] eddy : any trades on watch
now?
[11:27 am] joeytsa : murano: is that
lightspeed scanner the ticker alert?
[11:27 am] Ed : we thought u were sleep
eddy
[11:27 am] eddy : hahaha
[11:27 am] eddy : cant sleep
[11:27 am] eddy : i wanna go back to
green
[11:27 am] murano : Yes
[11:28 am] joeytsa : thanks..that comes in
handy from time to time
[11:29 am] Ed : we need a news mover
[11:30 am] joeytsa : wheres muddy waters
when you need them
[11:30 am] Ed : where is Einhorn
[11:30 am] joeytsa : ACAT still dropping
[11:30 am] joeytsa : yeah no kidding
[11:30 am] murano : The scanner is easier to
use if you create two boxes. One for rising
stocks/highs and one for falling stocks.
[11:31 am] joeytsa : good idea, i just have
them both in the same box
[11:31 am] joeytsa : risers and fallers is
another decent box to have up
[11:31 am] Ed : that bounce waited for no
man
[11:33 am] joeytsa : wierd today..market
really doesnt want to bounce here, but its
nota flush either yet
[11:33 am] Ed : being held at bay
[11:34 am] joeytsa : ES even if it rallies
still has big res @ 1340 level
[11:35 am] joeytsa : GS might test $99
[11:39 am] joeytsa : EQIX quick pop
[11:44 am] joeytsa : GIL another pop to hod
area
[11:45 am] qwert : EXPE at 43
[11:46 am] eyes : VMED
[11:48 am] eyes : VMED SPikeing
[11:48 am] qwert : news on vmed
[11:50 am] qwert : eyes did you do anything
with vmed
[11:53 am] eyes : s 51 0ut 48
[11:54 am] qwert : i didnt trade it
[11:57 am] eyes : ADSK
[11:58 am] cdougan : I’m outta here. Have a
great day everyone.
[11:59 am] Ed : c ya cdougan
[11:59 am] shark : bye cdougan
[12:12 pm] eyes : Good Night Everyone ending
the day -100
[12:14 pm] mikewd2 -: bye eyes
[12:17 pm] murano : HLF
[12:18 pm] joeytsa : good catch murano
[12:18 pm] joeytsa : NUS running too
[12:18 pm] chinhngo : please signal when you
short or long hlf
[12:21 pm] mikewd2 -: nice one Joey on NUS
[12:22 pm] Ed : nice catches
[12:23 pm] joeytsa : nice quickie for eod
[12:25 pm] qwert : thx for HLF murano 🙂
[12:28 pm] mikewd2 -: nice to get two of
these at end of a day
[12:29 pm] joeytsa : yeah mike
[12:32 pm] mikewd2 -: wow
[12:32 pm] joeytsa : pop on both stocks
[12:32 pm] qwert : wow huge spike
[12:32 pm] joeytsa : that was weird
[12:33 pm] joeytsa : mike did you hit the
buy button hahah
[12:33 pm] qwert : good thing i closed that
short
[12:33 pm] mikewd2 -: HLF S 46.91
[12:33 pm] qwert : nice mike
[12:33 pm] mikewd2 -: covered 45.35
[12:34 pm] mikewd2 -: that was quick
[12:34 pm] qwert : wow ya think :))
[12:34 pm] mikewd2 -: can we do that
again?
[12:34 pm] mikewd2 -: bought and sold on the
same candle.
[12:35 pm] qwert : nice mike 1.60 in 1
min
[12:35 pm] qwert : or less
[12:37 pm] victor51 : Nice one. What was
that candle HLF or NUs
[12:38 pm] qwert : mike did you get it
again
[12:39 pm] mikewd2 -: yes, but not near as
good
[12:39 pm] shark : definitely some
institutional selling in KORS on last 3 or 5
daily Red Candles
[12:39 pm] shark : (3 of 5)
[12:39 pm] mikewd2 -: 47.05 out 46.33
[12:39 pm] mikewd2 -: this guy is scary
[12:39 pm] shark : KORS short 40.29
[12:40 pm] mikewd2 -: its strange that a
short seller talking was driving the stock
up
[12:44 pm] shark : AAPL in retest of lod
zone
[12:46 pm] qwert : nice end of day
[12:48 pm] Ed : thats 4 sure
[12:48 pm] joeytsa : AMZN
[12:49 pm] joeytsa : spiked to 226 and down
to 223.50 in one candle
[12:49 pm] shark : all out KORS s .15cents
-out of time here
[12:49 pm] joeytsa : its like some traders
went on crack
[12:50 pm] joeytsa : ahhh
[12:50 pm] Ed : he is having fun
[12:51 pm] joeytsa : haha
[12:51 pm] murano : QIHU
[12:52 pm] shark : nice observe murano
[12:52 pm] shark : Einhorn -one busy
dude!
[12:53 pm] shark : wait till all the co’s
gang up and “comment” on Einhorn
[12:53 pm] mikewd2 -: I like that dude! at
least today
[12:53 pm] joeytsa : dow might lose
12,600
[12:53 pm] Ed : even comments on AAPL
[12:53 pm] mikewd2 -: UVXY at 19.50 – dang
[12:53 pm] shark : lol
[12:54 pm] joeytsa : thanks Ed
[12:55 pm] Ed : just wish conference was at
lunchtime only 5min left in day
[12:55 pm] shark : CRM nice pop off lod
[12:55 pm] shark : good point, Ed
[12:56 pm] joeytsa : no kidding
[12:56 pm] joeytsa : trade first 60, last 10
🙂
[12:56 pm] Ed : he had positve comments on
AAPL
[12:56 pm] shark : like it’s a great buy at
$200?
[12:57 pm] joeytsa : thought AAPL would test
540, missed by $1
[12:57 pm] shark : ugh
[12:57 pm] Ed : Einhorne told his wife “watch
me make it rain”
[12:57 pm] joeytsa : haha
[12:57 pm] shark : great little support at
541.50 area this p.m., joey
[12:57 pm] qwert : really hahaha
[12:57 pm] shark : she said, “I’ve got my
Nordstrom card ready”
[12:57 pm] joeytsa : yeah shark
[12:58 pm] eyes : Ok i stuck around now only
-40
[12:58 pm] joeytsa : HLF troubles at 49
right now
[12:58 pm] Ed : only stock that did not move
on his comments was X
[12:59 pm] joeytsa : fun day today
[12:59 pm] shark : I’ll “ditto” that,
joey
[12:59 pm] joeytsa : Thanks Mitch
[01:00 pm] qwert : what a day, have a great
night everybody
[01:00 pm] shark : Thanks Mitch! 🙂
[01:00 pm] shark : great job everyone!
[01:00 pm] qwert : gnight mitch
[01:00 pm] shark : hey joey?
[01:00 pm] joeytsa : yeah shark
[01:00 pm] shark : Vegas was great
yesterday
[01:00 pm] shark : got back at 3am to
L.A.
[01:00 pm] qwert : bye ed
[01:00 pm] joeytsa : was going to email
you
[01:01 pm] joeytsa : Thanks Ed
[01:01 pm] joeytsa : wasnt sure if you were
still in town
[01:01 pm] shark : do you remember
“sunshine” from TSA, last year?
[01:01 pm] victor51 : good night
[01:01 pm] joeytsa : dow closed at 12,599
[01:01 pm] mikewd2 -: good evening
[01:01 pm] joeytsa : barely
[01:01 pm] shark : you nailed the dow
[01:01 pm] shark : anyways, ran into her at
one of the seminars
[01:01 pm] shark : she says “hi” to all
[01:01 pm] joeytsa : cool
[01:01 pm] shark : yeah…
[01:02 pm] joeytsa : were the seminars any
good
[01:02 pm] shark : kind of tough to run into
TSA
[01:02 pm] shark : members when we don’t
know what we go by code names
[01:02 pm] joeytsa : right
[01:02 pm] shark : hahaha
[01:02 pm] Mitch K: hey how is SUnshine
doing?
[01:02 pm] shark : she’s great
[01:02 pm] Mitch K: are you talking about the
Traders World this week?
[01:02 pm] shark : reading the daily
reports
[01:03 pm] Mitch K: the online
[01:03 pm] shark : says she’ll be getting
back into chat asap
[01:03 pm] shark : MoneySHow in Vegas
[01:03 pm] shark : this week
[01:03 pm] Mitch K: in Vegas?
[01:03 pm] shark : yes
[01:03 pm] Mitch K: oh , ok,
[01:03 pm] Mitch K: are you there now?
[01:03 pm] shark : Caesar’s Palace 🙂
[01:03 pm] Ed : speaking of that Cobb says
hello also, she still trading eminis
[01:03 pm] shark : left at 11am last
night
[01:03 pm] Mitch K: 11pm
[01:04 pm] Mitch K: you are sleep shark, too
much fun huh?
[01:04 pm] shark : 11pm, yes,
[01:04 pm] qwert : i was wondering about
cobb
[01:04 pm] Mitch K: the wrong kind of fun
shark?
[01:04 pm] shark : totally
[01:04 pm] shark : had to get back to making
$$$ here
[01:04 pm] joeytsa : gave to many $1 bills
out??
[01:04 pm] Mitch K: you are supposed to be
studying, i mean trading , not the women
[01:04 pm] joeytsa : 🙂
[01:04 pm] shark : lol
[01:04 pm] Ed : lol
[01:04 pm] qwert : haha
[01:04 pm] Mitch K: oh sharky
[01:04 pm] shark : I’ll do my best to wait
til the weekend on that
[01:05 pm] joeytsa : shark, too much time on
industrial rd haha
[01:05 pm] shark : didn’t make out of the
hotel, joey
[01:05 pm] shark : haha
[01:06 pm] joeytsa : doing a lot of
construction at ceasars
[01:06 pm] joeytsa : at least they were
beginning of april
[01:06 pm] joeytsa : new restaurant going
in
[01:06 pm] shark : nice…
[01:06 pm] joeytsa : i used to gig there
[01:06 pm] shark : didn’t see any
construction myself
[01:06 pm] shark : where at????
[01:06 pm] joeytsa : cleopatra’s barge
[01:06 pm] shark : Wow! Awesome
[01:07 pm] shark : any gigs coming up???
[01:07 pm] joeytsa : and they also used to
have bands where the food court is
[01:07 pm] joeytsa : i dont gig anymore
[01:07 pm] shark : need another excuse to
get out there
[01:07 pm] shark : ohhh 🙁
[01:07 pm] joeytsa : quit in 2004
[01:08 pm] joeytsa : einhorn is right about
amazon/dicks
[01:08 pm] joeytsa : i think most
brick/morters can be in trouble
[01:08 pm] shark : gov’t too slow to make
sure it is a fair
[01:08 pm] shark : playing field
[01:09 pm] joeytsa : why shop there when you
can get it cheaper online
[01:09 pm] joeytsa : and delivered to your
home
[01:09 pm] joeytsa : best buy will be
another one
[01:09 pm] shark : I bought an HDPro camera
last week
[01:09 pm] shark : same price as on-line
[01:09 pm] shark : except for sales tax,
[01:09 pm] shark : no wait, either
[01:09 pm] joeytsa : didnt see Mitch
[01:10 pm] shark : hmmmm…
[01:10 pm] joeytsa : yeah crazy moves
[01:12 pm] shark : Facebook IPO price
increased to $34-38 range
[01:13 pm] joeytsa : yeah…should really
move when it opens
[01:13 pm] shark : what’s your take on price
movement first day?
[01:13 pm] shark : share size increased 337m
to 421m
[01:14 pm] joeytsa : my gut says its going
to soar
[01:14 pm] joeytsa : what about you?
[01:15 pm] shark : 10-30% up
[01:15 pm] joeytsa : 🙂
[01:15 pm] shark : 🙂
[01:16 pm] shark : asking broker questions
right now…
[01:16 pm] shark : on phone
[01:16 pm] joeytsa : just seems that its
soooo talked about
[01:16 pm] joeytsa : oh ok
[01:16 pm] shark : have IPO bid price in
[01:16 pm] shark : IPO shares to be assigned
at last second
[01:16 pm] shark : before going to secondary
mrkt
[01:16 pm] joeytsa : oh ok
[01:17 pm] shark : can change/cancel order
til then
[01:17 pm] shark : no guarantee of receiving
any/all shares
[01:17 pm] shark : ok, done
[01:18 pm] shark : off to gym, joey
[01:18 pm] shark : have a great afternoon,
all
[01:18 pm] joeytsa : you too
[01:18 pm] shark : 😉
[01:18 pm] joeytsa : Thanks again Mitch, see
everyone tomorrow
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