| (06:18 am) Mitch’s Assist. :October 14, 2013,
Monday Pre Market Up: NFLX, AEPI, GOLD,
SCTY, Pre Market Down: V, SPY, TEVA, YY,
CNDO, TSLA, PBPB, FB, AAPL, SSYS,
(06:24 am) Mitch King:NFLX hit all time new
high today
(06:31 am) Mitch King:watching NFLX for
trades today
(06:31 am) Mitch King:watching HOG
(06:31 am) Mitch King:Let stocks drop more
than you think today, lot of weight on the
market
(06:32 am) Mitch King:watching TEX
(06:32 am) JoeyTSA :eye on SOHU, low vol at
the moment
(06:32 am) Mitch King:watching EXPE
(06:33 am) Mitch’s Assist. :watching KORS
(06:33 am) Mitch King:watching VIPS
(06:33 am) Mitch King:watching WHR
(06:34 am) Mitch’s Assist. :monitoring DE
(06:35 am) JoeyTSA :/ES trying to test 1690
(06:35 am) Mitch King:CZR bouncing
(06:36 am) Mitch King:watching WDC
(06:37 am) Mitch King:watchign FU
(06:37 am) Mitch’s Assist. :monitoring GMCR
(06:40 am) JoeyTSA :eye on SAVE,BIDU
(06:41 am) Mitch King:LINTA trending up
(06:41 am) Mitch’s Assist. :monitoring Z
(06:41 am) Mitch King:FAST strong
(06:42 am) Mitch King:HOG turning over
(06:42 am) JoeyTSA :eye on ACAD
(06:43 am) Mitch King:monitoring MNKD
(06:45 am) Mitch King:LINTA toppy
(06:49 am) Mitch King:NFLX bouncing
(06:52 am) JoeyTSA :CTRP getting a slight
spike
(06:55 am) JoeyTSA :watching ATI
(06:56 am) JoeyTSA :weird spike on APA
(06:59 am) Mitch King:AAPL trending up
nicely
(07:00 am) Qwert :watching SPWR
(07:06 am) Mitch King:watching SCTY
(07:06 am) JoeyTSA :BIDU dbl top, keep eye on
that area later
(07:12 am) Mitch King:watching PETM closely
(07:15 am) Mitch King:PETM bottoming
(07:18 am) Mitch King:lower low on PETM,
failed bounce so far
(07:25 am) Mitch King:Would not be surprised
FU gets to 8 in a few days
(07:27 am) Mitch King:I think Columbus Day
today has affected the market vol, very low
volatility today for a Monday
(07:30 am) Ed’s assistant :Monitoring KNDI
(07:31 am) Ed’s assistant :PASS ON KNDI FOR
NOW
(07:32 am) Ed :Market Internals update at
10:30ET – NYSE volume 101M shares, about 27%
below its three-month average; decliners lead
advancers by 3.6:1. – NASDAQ volume 328M
shares, about 14% below its three-month
average; decliners lead advancers by 2.3:1.
– VIX index +11.9% at just over 17.00 (07:38
am) Qwert :If you took SPWR trimming and
trailing here
(07:41 am) JoeyTSA :eye on VIPS
(07:50 am) JoeyTSA :ACAD testing $22 now
(08:09 am) Ed’s assistant :Minitoring DRI
(08:25 am) Murano :watching OPK
(08:53 am) Mitch King:if you look at a Daily
chart on FU, Fab Universal, it started off
around $4.25 a few weeks ago and went to
$11.50, then back down to $4.65. Today is a
bounce that is typical although today is a
large bounce but these usually move back up
on a 2nd time but not near as strong as the
first time. if you are long, i probably
would not hold over night today since it has
moved up already so much
(08:59 am) Mitch King:CL spike
(09:07 am) Mitch King:it might take an hour
(09:07 am) Mitch King:important sell signal
on CL 11-13
(09:13 am) Mitch King:ok you see that little
bounce in CL from 102.15 to 102.30? you use
those reobunds to fill more contracts to
short or reshort if you had taken profits on
that first drop. the sell signal is still
valid on CL
(09:14 am) Mitch King:you can work a trade on
the short side this way but eventually you
want to stay short and not microtrade. it is
easy to get lost and the selling usually gets
stronger through time
(09:25 am) JoeyTSA :ACAD testing hod again
(09:27 am) Qwert :SPWR new hod
(09:30 am) JoeyTSA :CERN with some vol
(09:31 am) Ed :(US) Senate Majority Leader
Reid: Hopeful to ahve plan to present to
President Obama by the 1500ET scheduled
meeting (09:54 am) JoeyTSA :/ES testing 1697
again
(10:14 am) Ed :SPY testing fridays high
(11:01 am) Ed :Market Internals update at
14:00ET – NYSE volume 260M shares, about 22%
below its three-month average; decliners lead
advancers by 1.1:1. – NASDAQ volume 900M
shares, about 12% below its three-month
average; advancers lead decliners by 1.2:1.
– VIX index +4% at just over 16.00
(11:04 am) Ed :(US) Minority Leader
McConnell: Reid and I have had very
constructive talks, I share his optimism-
(11:42 am) Ed :US) White House: 15:00 meeting
with Congressional leaders has been
postponed- Source
(11:42 am) Ed :the 3pm meeting today has been
postponed
(12:12 pm) Ed :NFLX Reportedly signs
production deal with Sony – financial press
–
(12:56 pm) Ed :have good eve traders
(12:58 pm) Mitch King:later guys
| (06:00 am) JoeyTSA :Good morning everyone,
no reports today, bank holiday
(06:00 am) JoeyTSA :watching /CL on this
pullback
(06:02 am) JoeyTSA :gap down:
TSLA,AAPL,PBPB,EXPE
(06:02 am) JoeyTSA :gap up: NFLX,UVXY,GLD
(06:03 am) taco :gm all CNDO low vol big
drop
(06:05 am) JoeyTSA :yeah saw that, left it
off though
(06:07 am) taco :thx for gaps joey
(06:08 am) JoeyTSA :i get the feeling it
might be a bit slow today, hope im wrong
(06:08 am) JoeyTSA :bond market also closed
today
(06:09 am) JoeyTSA :China consumer prices
rise more than expected & exports in
China fall more than expected
(06:09 am) JoeyTSA :i assume thats bad news
in china?
(06:09 am) Qwert :gm everyone i think its
gonna be slow today a swell
(06:09 am) JoeyTSA :yeah, i should have slept
in too haha
(06:10 am) Murano :good morning
(06:10 am) JoeyTSA :hey Murano
(06:12 am) gum :good morning all
(06:14 am) skydiver :gm
(06:14 am) gum :at 1.90 is CNDO worht the
chance ?
(06:15 am) Murano :I ahve an appointment this
afternoon so I will be out of here early
today.
(06:15 am) JoeyTSA :good call haha
(06:15 am) Murano :it may be a slow day
(06:16 am) JoeyTSA :probably
(06:16 am) JoeyTSA :definately dont want to
force a trade today
(06:16 am) rd :GM to all and hope you had a
good weekend.
(06:17 am) JoeyTSA :same to you rd
(06:18 am) Murano :or we may see some big
moves depending on the news out of congress
and the white house
(06:18 am) JoeyTSA :lets hope something
jumps, otherwise will just focus on scanner
and a couple of futures charts
(06:18 am) taco :gum, a chance is only as
good as its odds
(06:19 am) taco :if you’re not sure of them
then maybe not worth it
(06:19 am) rd :We need the Wash. red phone
close by as it could make for a giant siwng
(06:20 am) gum :Thanks taco.
(06:20 am) Murano :good moves in CL 11-13
this morning
(06:20 am) taco :or use what you’re willing
to lose 🙂
(06:21 am) JoeyTSA :most you can lose is
about $2/share
(06:22 am) JoeyTSA :yeah Murano, couple
decent moves
(06:22 am) taco :i recall those as Murano’s
words from other big dropper
(06:22 am) JoeyTSA :/ES had big drop on open
yesterday
(06:24 am) taco :thx Mitch for gaps
(06:33 am) JoeyTSA :nice pullback on SCTY,
just watching for now
(06:34 am) JoeyTSA :watching LULU @ $75 to
see what it does, nothing pressing yet
(06:35 am) JoeyTSA :AAPL trying to show
strength
(06:36 am) skydiver :be back . . . have to
reboot system
(06:36 am) JoeyTSA :that stinks
(06:37 am) taco :WHR watch closer
(06:41 am) skydiver :back
(06:43 am) JoeyTSA :EXPE trying to hold $48
(06:44 am) JoeyTSA :i asssume news on WHR?
(06:45 am) taco :see none WHR
(06:46 am) skydiver :thnx for WHR = ouit 3/4
long
(06:47 am) JoeyTSA :eye on Z, SRPT
(06:48 am) skydiver :esignal feed is acting
strange today on my end . . but working
(06:49 am) skydiver :monitoring TSLA
(06:49 am) Ed :nice call on WHR
(06:50 am) skydiver :WHR – company upside
could be limited due to demand — according
to news from Fly on the Wall
(06:51 am) JoeyTSA :thx sky, figured
something was up
(06:51 am) skydiver :;)
(06:51 am) skydiver :but thanks for WHR —
stopped out on last 1/4 long but did ok with
first 3/4 🙂
(06:52 am) JoeyTSA :its trying to hold $130
(06:53 am) skydiver :TSLA hit vwap as
resistance
(06:58 am) skydiver :anyone else having
issues with esignal?
(06:58 am) Qwert :yes i am sky on certain
stocks
(06:58 am) skydiver :come on TSLA – you can
climb a bit more please
(07:00 am) skydiver :thanks qwert . . yes .
. me too
(07:01 am) skydiver :do not like that issue
when I’m in a trade 🙂
(07:01 am) Qwert :i have no chart generate
for aapl
(07:01 am) skydiver :same here qwert
(07:01 am) skydiver :weird
(07:01 am) skydiver :ah . . it just came on
for aapl
(07:02 am) skydiver :took a long time to
bring it up however qwert
(07:02 am) skydiver :out of TSLA long
(07:02 am) Qwert :same here and no data for
first 30 mins
(07:02 am) JoeyTSA :AAPL strong so far
(07:03 am) skydiver :okay . . .thanks qwert
(07:05 am) JoeyTSA :/ES not moving far from
1690 right now
(07:18 am) skydiver :had my eyes off of KORS
to short . . . had it up on screen –
sleeping
(07:22 am) JoeyTSA :taking early break, see
you in 20
(07:23 am) skydiver :enjoy joey
(07:24 am) skydiver :monitoring DUK – not
sure why –
(07:28 am) Ed :also other large markets close
too
(07:37 am) Ed :anyone else having issue with
esignal
(07:37 am) skydiver :qwert and I Ed
(07:37 am) Ed :ok
(07:38 am) Ed :sound like its on there end
(07:38 am) skydiver :yes — I did reboot my
system earlier thinking it was me, but it
didn’t help and then qwert said he had issues
as well
(07:39 am) Qwert :I have rebooted a few
times
(07:39 am) taco :nice trade Qwert
(07:39 am) skydiver :yes qwert — nice job
(07:40 am) Qwert ::))
(07:43 am) skydiver :does 6 trades today
sound like too many for this market . . .
trying to get a feel if I’m over trading
(07:44 am) Mitch King:how many were
profitable?
(07:44 am) skydiver :4 Mitch and two small
losses
(07:44 am) Mitch King:good numbers
(07:44 am) skydiver :ok . . just wanted to
check 🙂
(07:44 am) skydiver :Okay . . have a meeting
to get too . . thanks for great calls
everyone 🙂
(07:44 am) Mitch King:you would be
overtrading if you had high losing
percentage,
(07:44 am) skydiver :gotcha Mitch
(07:44 am) skydiver :thanks
(07:45 am) taco :later sky
(07:45 am) skydiver :still learning 🙂 –
have great day all
(07:46 am) JoeyTSA :enjoy sky
(07:49 am) JoeyTSA :TSLA on a decent move
(08:02 am) JoeyTSA :just watching HLF, had
some action earlier
(08:07 am) Qwert :NFLX new hod
(08:17 am) JoeyTSA :remind me next year to
take columbus day off 🙂
(08:35 am) JoeyTSA :slight move on /CL
(08:35 am) JoeyTSA :about 30t past couple
minutes
(08:54 am) Qwert :thx Mitch
(08:57 am) shawn3 :Is NFLX resting or
Toppy?
(08:57 am) Ed :been very strong today,
(08:58 am) shawn3 :still strong
(08:58 am) shawn3 :I want to short this
puppy when it hits a top
(08:59 am) Mitch King:i would not short NFLX
with this kind of chart shawn, too strong
(09:00 am) shawn3 :Thank you
(09:01 am) Mitch King:a general rule about
shorting is it is not a good idea to short a
stock that keeps hitting its all time high,
which NFLX has done a lot the last few weeks
(09:12 am) Qwert :only got filled 1 contract
on /CL and so got taken out at 10 tic first
tgt. :((
(09:13 am) Qwert :thx mitch
(09:24 am) Qwert :Mitch did you stop out on
/CL ?
(09:24 am) JoeyTSA :nice /ES run from 1690 to
97
(09:27 am) JoeyTSA :been a good one qwert
(09:46 am) regatta :watching VISN for
possible short swing in next few days
(09:47 am) Mitch King:no qwert, i have big
stop loss setting
(09:48 am) JoeyTSA :RGR, low vol though
(09:53 am) Qwert :okay thats what i thought
Mitch
(09:55 am) Mitch King:hey qwert, we are going
to spend a lot of time using Thunder Trader
for futures in Portland
(09:56 am) Qwert :Yes I am ready Mitch
(09:56 am) Qwert :Would you still short on
these little run ups now
(09:58 am) Murano :done for the day, appt
this afternoon, see you tomorrow
(09:58 am) JoeyTSA :enjoy murano
(09:58 am) Qwert :bye murano
(09:58 am) taco :c ya Murano
(09:58 am) Ed :c ya murano
(09:59 am) JoeyTSA :BIDU into hod
(10:00 am) JoeyTSA :same with AMZN, finally
over that $310 hump
(10:00 am) Mitch King:yeah qwert, ive been
workign this both directions but usually just
on teh short side but since CL is so strong,
you can scalp long early in the cycle. right
now, it is breaking down so you dont want to
speculate on the long side anymore, you only
do that early in the cycle
(10:01 am) Qwert :okay yeah i am short now
(10:02 am) Mitch King:i shorted the first
time at 102.30 covered 102.20 because it
looked strong, did a couple long scalps and
am not interested in the long side now, at
the moment
(10:16 am) Mitch King:hey qwert, another
factor to think about on CL now is it is
still acting quite bullish, it is 1015am
pacific time and closes in 75 minutes from
now, 101 area has held on the daily chart so
i put all that together and i think we should
consider reducing or covering the CL short
position at best price, not a panic buy
situation, just pick good price
(10:16 am) Mitch King:maybe 102.37 area?
(10:17 am) Qwert :okay thx mitch
(10:30 am) Mitch King:hey qwert, so much for
my idea on covering CL short so soon, lol
(10:31 am) Qwert :hahaha i see
(10:31 am) Mitch King:usually when i dont let
the system run it scourse, i leave a lot of
money on table
(10:31 am) Mitch King:its course
(10:35 am) JoeyTSA :watching /ES,/YM for next
leg up
(10:53 am) Mitch King:hey qwert, see what i
mean?
(11:01 am) JoeyTSA :thx Ed
(11:04 am) JoeyTSA :NFLX a monster today
(11:05 am) JoeyTSA :another pop on indices
(11:09 am) JoeyTSA :/TF just puched thru tri
top
(11:14 am) JoeyTSA :anybody catch that /CL
long?
(11:16 am) Mitch King:i got part of it at the
bottom, didnt stay with it considering it was
in such a strong downtrend
(11:17 am) JoeyTSA :nice, i didnt take it,
got a purple buy signal thougharound
10:55pdt, gave about 40t
(11:21 am) JoeyTSA :CELG hod
(11:29 am) JoeyTSA :watching LNKD $230 level,
if not today then sometime this week should
get broken thru esp with good news
(11:31 am) JoeyTSA :ACAD has been nice all
day
(11:42 am) JoeyTSA :thx Ed, glad i waited
around for it haha
(11:43 am) Qwert :did that news caust the
mini gold spike?
(11:43 am) JoeyTSA :probably
(12:15 pm) JoeyTSA :/ES in hod area, NFLX
having a great day
(12:21 pm) JoeyTSA :Ed : did you catch BIIB
today, i saw it at $235 and then forgot all
about it
(12:22 pm) Ed :no sure did not
(12:22 pm) JoeyTSA :oh well haha
(12:22 pm) Ed :yep
(12:36 pm) JoeyTSA :ACOR weak today
(12:52 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Qwert, everyone
(12:52 pm) JoeyTSA :see you all tomorrow,
enjoy the rest of your day
(12:52 pm) taco :cya joey
(12:53 pm) Ed :c ya joey
(12:57 pm) taco :u too Ed, thanks Mitch
Diosna Qwert and everyone. c ya in the morn
(12:57 pm) Qwert :cya everyone i the am
|
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