(06:15 am) Ed :*(US) JULY INDUSTRIAL
PRODUCTION M/M: 0.0% V 0.3%E; CAPACITY
UTILIZATION: 77.6% V 77.9%E – Manufacturing
Production: % v 0.2%e (06:16 am) Ed
:(EG) US President Obama to make statement on
Egypt at 10:15 ET (14:15 GMT) (related EGPT
USD/EGP )- (06:18 am) Mitch :Premarket UP:
FBMI, NTES, SPEX, A, KSS, EL, DDS Premarket
DOWN: BIDU, NFLX, IBM, WMT, AMZN, CSCO, GS,
Z, AAPL, ONXX, TSLA, RIO, SINA, GILD, NTAP,
ASML, FFIV, PRGO, COST, PCLN (06:27 am)
JoeyTSA :watching ONXX here @ $116 (06:30
am) Mitch :watching LZB (06:30 am) Mitch
:watching CAVM (06:30 am) Mitch :watching
PCLN (06:30 am) Mitch King:watching GRPN
drop (06:30 am) Mitch :watching
BIDU (06:30 am) JoeyTSA :keep eye on TRIP
again also, made a bunch of moves yesterday,
gapping down (06:31 am) Mitch :watching
CELG (06:31 am) Ed :SPY testing premarkt
low (06:31 am) Mitch :watching
FFIV (06:31 am) JoeyTSA :/CL sitting on
R1 (06:31 am) Mitch :watching
AMZN (06:31 am) Mitch :watching
NTES (06:32 am) Mitch :ONXX
bouncing (06:32 am) Mitch :watching
JAZZ (06:32 am) JoeyTSA :tighten ONXX if
short (06:33 am) Mitch :YELP
bouncing (06:33 am) Mitch King:watching
RLGY (06:33 am) Mitch :watching
KSS (06:33 am) Mitch :watching
PPC (06:34 am) JoeyTSA :eye on
COP (06:34 am) Mitch King:watching RCI for
top (06:34 am) Mitch :monitroing
STX (06:34 am) Mitch King:watching
NTAP (06:34 am) Mitch :watching
DDD (06:35 am) Mitch King:consider
reducing ONXX if long (06:35 am) Mitch
King:monitoring LULU (06:36 am) Mitch
King:RCI sell signals flashing (06:36 am)
Mitch King:monitoring CL 09, would be nice to
see below 107.10 again (06:36 am) Mitch
:consider reducing FFIV if long (06:36 am)
Mitch King:watching VRX (06:37 am) Mitch
:watching TSLA for top (06:37 am) Mitch
King:monitoring TRIP today (06:38 am)
Mitch King:watching PHM, Pulte Homes,
l (06:39 am) Mitch :thats AAPL (06:39
am) Mitch :watching AAPl (06:39 am) Mitch
King:watching ECOM (06:39 am) Mitch
:monitoring BBBY (06:40 am) Ed :SPY new
lod (06:40 am) Mitch King:watching CL 09
for bottom to buy soon (06:40 am) Mitch
:watching EL (06:41 am) Mitch
King:watching DUST for bottom (06:41 am)
Mitch :watching HD (06:42 am) Mitch
King:looking for 20-25 tick bounce in CL,
bottom around here 107.10 area (06:42 am)
Ed :Fed Gov. Ballard is also speaking right
now (06:42 am) Mitch :watching
ULTA (06:43 am) Mitch King:monitoring
NUGT (06:45 am) Mitch King:monitoring GIS,
more downside first (06:45 am) Mitch
King:monitoring TEX (06:46 am) Mitch
King:watching IMGN (06:46 am) JoeyTSA :eye
on BID (06:48 am) Mitch :CAVM still moving
up (06:48 am) JoeyTSA :tighten TRIP if
short (06:48 am) JoeyTSA :CME strong so
far, breaking over $75 now (06:49 am)
JoeyTSA :maybe more of a trender, but
watching WMT @ $74 (06:50 am) Mitch :UVXY
moving up (06:50 am) Mitch :monitoring
SPEX (06:51 am) Mitch :watching EL
again (06:51 am) Mitch King:monitoring HD,
LOW, BBBY (06:51 am) Mitch King:watching
IMOS (06:53 am) Mitch King:monitoring
GEO (06:55 am) Mitch :watching ULTA
closer (06:58 am) Mitch :watching
LITB (06:59 am) JoeyTSA :DDS decent move
so far (06:59 am) JoeyTSA :philly fed
coming out in 1min (07:00 am) Qwert
:monitoring KSS (07:00 am) JoeyTSA :eye on
KMP (07:00 am) Ed :*(US) AUG NAHB HOUSING
MARKET INDEX: 59 V 57.0E (07:00 am) Ed :*(US)
AUG PHILADELPHIA FED BUSINESS OUTLOOK: 9.3 V
15.0E (07:02 am) Ed :the rise in rates is
also placing pressure on markets (07:05
am) Mitch :watching GTLS (07:05 am)
JoeyTSA :tighten DDS if long (07:05 am)
Mitch King:no hurry to sell CL 09 if you are
long (07:06 am) JoeyTSA :either over 1663
or under 1660 (07:06 am) JoeyTSA :/ES a
bit rangebound at the moment, watch for break
either way (07:07 am) Mitch :VIPS moving
up (07:08 am) Ed :SPY new lod (07:10
am) JoeyTSA :XONE ugly (07:10 am) JoeyTSA
:eye on DUST dbl bot (07:11 am) Mitch
:consider reducing DDS if short (07:12 am)
Mitch :watcinng UVXY again (07:13 am)
JoeyTSA :XONE trying to hold $64 (07:13
am) Mitch :monitoring SU (07:16 am) Mitch
:watching ONXX (07:17 am) Ed :Obama will
speak shortyl (07:17 am) JoeyTSA :eye on
/NG, report in just over 10min (07:22 am)
JoeyTSA :/ES into S3 res (07:29 am)
JoeyTSA :/NG into R1, report coming
out (07:30 am) Ed :*(US) WEEKLY EIA
NATURAL GAS INVENTORIES: +65 BCF V +68 TO +73
BCF EXPECTED RANGE – (07:35 am) Mitch
:monitoring WMT (07:36 am) Ed :NYSE volume
165M shares, about 9% above its three-month
average; decliners lead advancers by
11.1:1. – NASDAQ volume 465M shares,
about 19% above its three-month average;
decliners lead advancers by 4.5:1. –
VIX index +10.3% at just over 14.00
– (07:40 am) Ed’s assistant :Monitoring
RIG (07:41 am) Mitch King:selling some CL
09 here, (07:49 am) Mitch :watching
EQIX (07:49 am) Mitch King:getting sell
signals on TSLA 1 min lightning
chart (08:07 am) Ed :US) USDA Farm Service
Agency (FSA) releases initial crop acreage
data for 2013 – The initial acreage data for
2013 will be posted on Aug 15, 2013.
Subsequent postings will occur- (08:12 am)
Mitch King:looking to sell more CL 09 soon,
still in uptrend though (08:19 am) Mitch
King:still not close to any sell signal in CL
09 yet, at least 6-10 minutes away from that
minimum (08:21 am) Ed :showing
prerecording now on CNBC (08:21 am) Ed
:Obama speaking on CNBC now (08:23 am) Ed
:Explosion seen in Beirut, Lebanon suburb
near Hezbollah stronghold – press (related
GAF )- (08:24 am) Ed :11:24 (EG) Egypt
police reportedly inten to use live
ammunition in their defense of their foces
and Govt buildings – press – (08:35
am) Mitch King:looking for sell signal on CL
09 next 5 min (08:55 am) JoeyTSA :/GC
quick pop (09:12 am) Mitch King:if anyone
shorted CL, expec this to take quite a while
to breakdown to low levels OR you can take a
smaller target around here 107.45
area (09:14 am) Mitch King:it took about
75 minutes from the last bottom to hit a peak
and it will take another 30-60 minutes to
mature on the next big bottom. we are
in a downtrend now so the general rule is to
sell the tops and not buy the dips. (09:16
am) Mitch King:what I am talking about is
using a longer stretched out trade, not the
microtrading for 5-10 ticks. That is a
different technique that isnt working well in
this lower volume lower volatility
market. we will return to normal volume
in about 3-4 weeks (09:42 am) Qwert
:monitoring DE (09:51 am) Ed :/GC making
highs (09:55 am) Qwert :SLV
moving (10:06 am) Ed :HLF 13:06 HLF
Maintained links to pyramid scheme based in
Canada for years – FT – (10:12 am) Mitch
King:SLV, SLW toppy (10:12 am) JoeyTSA
:/ES trying to hold 1660 (10:13 am) Ed
:Large explosion in Hezbollah (10:13 am)
Mitch King:and of course SI 09 silver
futures (10:13 am) Mitch King:also
AGQ (10:15 am) Ed :huge drop in dollar
also (10:19 am) Ed :in /GC (10:19 am)
Ed :US$ if low can hold get bounce should get
pullback in (10:23 am) Ed :If you took /DX
long would reduce (10:24 am) Ed :I have 1
contract left on /GC short (10:24 am) Ed
:and if you shorted /GC would cover some in
here (10:25 am) Ed :/DX is us dollar for
futures (10:27 am) Ed :but cant play
everthing (10:27 am) Ed :we also got nice
spike in EUR/USD forex (10:28 am) Ed
:would be nice to be able to though (10:30
am) Ed :broad weakness on USD
crosses (10:31 am) Murano :watching
NQ (10:50 am) Ed :SPY trading at low range
of today (11:11 am) Ed :SPY testing
premarket low (11:15 am) Ed :SPY new
lod (11:26 am) Ed :nice buy program
hitting markets giving bounce (11:41 am)
Mitch King:hope you guys made out on the CL
short. Very typical to see drop in last
30 minutes when CL is up a lot for
day (12:04 pm) JoeyTSA :PENN vol
spike (12:34 pm) Ed :Market Internals
update at 15:30ET – NYSE volume 510M shares,
about 8% above its three-month average;
decliners lead advancers by 6.3:1. –
NASDAQ volume 1.4B shares, about 4% above its
three-month average; decliners lead advancers
by 4.4:1. – VIX index +12.4% at just
over 14.00 (12:55 pm) Ed :have a great
evening traders
| (05:26 am) dbeck3 :morning
everyone (05:38 am) Qwert :Good morning
Mitch, Joey and to everyone (05:40 am)
JoeyTSA :Good morning
Mitch,Qwert,traders (05:41 am) JoeyTSA
:lots of reports today, some just came out, a
few in about 3o min, biggest one if philly
fed @ 7pdt (05:41 am) JoeyTSA :is not
if (05:41 am) JoeyTSA :nat gas # @ 7:30pdt
also (05:42 am) JoeyTSA :early gap down:
ONXX,CSCO,AAPL,WMT (05:42 am) JoeyTSA
:early gap up: NTES,SPEX,UVXY,VLTR which
looks like buyout or something (05:52 am)
Qwert :yes VLTR a buyout at 23 per
share (05:53 am) Qwert :thx for the gaps
joey (05:53 am) JoeyTSA :thx, i saw the
flatline and assumed something like
that (05:53 am) Qwert :nice move off of
107 on the /CL (05:55 am) JoeyTSA :yeah
made a dbl bot w/ pos div (05:56 am)
JoeyTSA :/ES trading near 1670 (05:57 am)
JoeyTSA :will use 1668,1670,1673,1677 as
targets depending on direction (05:58 am)
JoeyTSA :/TF support either 1031 or
1030 (05:58 am) JoeyTSA :i’ll switch that
/TF chart over to /NG leading into the nat
gas report (06:03 am) JoeyTSA :qwert: you
playing /CL? (06:03 am) Qwert :out
now (06:04 am) JoeyTSA :ok, get the
feeling its going to be a bit manic
today (06:04 am) Qwert :got out before
6:00pst (06:05 am) Qwert :yeah probably
from violence in Egypt (06:05 am) JoeyTSA
:agree (06:12 am) Murano :good
morning (06:13 am) dbeck3 :/CL just
DT at 107.47 (06:16 am) JoeyTSA :dbeck, im
drawing a blank on DT? (06:16 am)
dbeck3 :sorry, double top (06:17 am)
JoeyTSA :ahhh, was thinknig downtrend,
thought my chart was all messed up
haha (06:17 am) dbeck3 :small one
but providing some resistance (06:17 am)
dbeck3 :haha, all good, i have all
kinds of goofy words (06:17 am) JoeyTSA
:yeah Ed, he’s gonna say ” oh well, im
on vacaition” 🙂 (06:17 am) Ed
:yea (06:18 am) JoeyTSA :same here dbeck,
i abbreviate a lot of stuff, apologies to all
traders if they dont know what they stand
for (06:18 am) JoeyTSA :just ask if i type
something that doesnt make sense (06:18
am) JoeyTSA :thanks Mitch for list (06:19
am) Ed :GC gave nice 125 tick drop (06:19
am) Ed :ear;ier (06:20 am) JoeyTSA :did
you catch that (06:20 am) Ed :nope, was
playing ES and TF drop (06:20 am) JoeyTSA
:/TF drop was nice though (06:20 am) Ed
:usually Im always on top of US$ and GC but
not today (06:20 am) Ed :so took out slap
hand (06:21 am) JoeyTSA :havent played /GC
much lately, gets too volatile (06:21 am)
Ed :ur getting feeble in ur ole age (06:21
am) Ed ::) (06:21 am) JoeyTSA
::) (06:22 am) JoeyTSA :best thing about
futures early is you can be done with your
day as the sun is coming up (06:22 am) Ed
:true (06:23 am) JoeyTSA :that /CL move
from 5:33pdt to 6am could have paid your
bills for a month or 2, then have all day to
work on your dancing haha (06:24 am)
Ed :ur giving my secrets out (06:25 am)
JoeyTSA ::) (06:26 am) Ed :maybe Obama
will declare war on Egypt??? (06:26 am) Ed
:NOT (06:26 am) herman :gm
all (06:26 am) JoeyTSA :depending on what
he says, we might get a bit of a move at that
time (06:27 am) Ed :yep (06:28 am)
JoeyTSA :ONXX quick spike down to sub
$115 (06:29 am) JoeyTSA :would think AAPL
will be in play too (06:29 am)
elisha :gm all (06:30 am) doji
:APPL has highest OI at 500 joey (06:31
am) JoeyTSA :thx doji (06:31 am)
doji :CREE (06:33 am) doji
:Long UVXY here (06:35 am) doji :FB,
NFLX (06:36 am) doji :/ES lost
1666… watching that level (06:37 am)
JoeyTSA :nice one on CREE doji (06:37 am)
doji :Taking 1/2 CREE long
here (06:38 am) pirate :watching
MOS (06:40 am) JoeyTSA :out AAPL for
now (06:41 am) doji :All out APPL
also… would like it back below $495 to
re-enter (06:41 am) JoeyTSA :stock
or options doji? i did
options (06:41 am) Qwert :CSCO battling at
24.50 (06:44 am) JoeyTSA :exited AAPL a
bit early (06:45 am) JoeyTSA :missed OPEN
hold $72 (06:45 am) doji :Me too
Joey… (06:49 am) JoeyTSA :trender as
opposed to quick scalp (06:49 am)
doji :Watching FSLR (06:49 am)
dbeck3 :Joey, nice down action down to
106.80 in /CL from that little DT. tell me
you got some of that (06:50 am) JoeyTSA
:not the whole run down, great call
though (06:51 am) JoeyTSA :AAPL couldnt
quite hit $500, pullback here might set
up next attempt (06:53 am) doji
:Waiting for new lod in APPL to attempt
another long (06:54 am) doji :Nicer
if closer to $490 (06:59 am) doji
:What is an indecent move Joey? (06:59 am)
JoeyTSA :/ES trading near S3 (07:00 am)
JoeyTSA :any move you put on a brazilian girl
in a night club 🙂 (07:00 am)
JoeyTSA :ugly philly fed # (07:01 am)
doji :Ok, I am officialy an indecent
person now. thans Joey…lol! (07:01 am)
JoeyTSA :love ya doji haha (07:02
am) doji :Love you too brother…
hahah (07:02 am) JoeyTSA :good one qwert
on KSS (07:03 am) JoeyTSA :makes sense
Ed (07:04 am) doji :AMAP (07:04
am) doji :Low volume (07:05 am)
Qwert :i got my good one for the week
🙂 (07:05 am) JoeyTSA :yeah qwert, but you
still owe us for the past 3 weeks
haha (07:06 am) Qwert :hahaha (07:07
am) doji :FB (07:07 am) JoeyTSA :/ES
scalpable inbetween those levels, but need a
smaller timeframe and its more
risky (07:08 am) doji :/ES lost
1660 (07:09 am) JoeyTSA :nice qwick /ES
short there 🙂 (07:11 am) doji
:YRCW (07:11 am) JoeyTSA :dow down 10 out
of last 14days (07:12 am) doji
:Really? (07:12 am) JoeyTSA :XONE good
learning chart to study, lower high after
lower high (07:12 am) JoeyTSA :TRIP kind
of riding $70 (07:13 am) pirate :MAS
at good daily support…watching (07:14
am) doji :APPL double bottom (07:14
am) JoeyTSA :and there fors $64
haha (07:14 am) JoeyTSA :goes (07:15
am) JoeyTSA :saw XONE on L list @ lightspeed
and didnt even bother to see if they had
shorts, dumb (07:16 am) JoeyTSA :right
now, i wouldnt try to fight the market
direction (07:18 am) JoeyTSA :no short
enough 🙂 (07:20 am) doji :Watching
CREE (07:20 am) JoeyTSA :XONE,SSYS both on
watch (07:21 am) JoeyTSA :/NG has been
trending up for almost 90min going into the
report, just mentioning, no clue how it
will react to report (07:22 am) JoeyTSA
:doji: you playing AAPL stock or
options? (07:23 am) JoeyTSA :the $495C dbl
bot @ $4 (07:23 am) doji :Stocks
Joey (07:23 am) JoeyTSA :but making lower
highs, might not be worth the risk (07:23
am) JoeyTSA :oh ok (07:24 am) pirate
:missed bottom in MOS…had classic volume
pattern for a nice long (07:24 am)
doji :Yes, unless it sell near $490
Joey (07:24 am) JoeyTSA :was nice bounce
pirate (07:27 am) doji :Nice V shape
rebound in the SPY (07:29 am) doji
:TSLA at 140 (07:29 am) JoeyTSA :didnt
even pull TSLA up today (07:33 am)
doji :It could have been a nice long
when it held yesterday’s low (07:33 am)
JoeyTSA :yeah, i missed my entry on XONE
also (07:34 am) JoeyTSA :time for
breakfast, see you in 30..very nice trading
so far (07:34 am) doji :Now the
bottom buying re-start (07:36 am)
doji :Dang, I should have gone long in
TSLA (07:43 am) Mitch King:doji, thats
confusing when you use dang because its a
symbol, lol (07:44 am) doji :Very
nice trendline in TSLA.. alwyas wondering
that can only be computer-base
buying (08:13 am) Qwert :real nice /CL
trade mitch (08:18 am) JoeyTSA :great /CL
trade Mitch (08:18 am) JoeyTSA :AAPL $495C
with a few nice trades today (08:20 am)
doji :Holding those calls
Joey? (08:20 am) doji
:Weekly? (08:21 am) JoeyTSA :not on this
last move (08:21 am) Qwert :real nice on
aapl joey (08:21 am) JoeyTSA :just getting
back to my computers, but still had the
option chart up (08:21 am) JoeyTSA :yeah
the weekly doji, when i play options its
usually the weekly first or 2nd itm (08:24
am) Ed :this report just put out (08:24
am) JoeyTSA :thx Ed (08:25 am) Ed :very
active overseas (08:26 am) Ed :great for
trading (08:26 am) JoeyTSA :and ammo sales
🙂 (08:29 am) JoeyTSA :SSYS made a nice
bounce from earlier mention (08:35 am)
JoeyTSA :AAPL pushing thru $500 (08:37 am)
JoeyTSA :TRIP getting a little
buying (08:46 am) JoeyTSA :AMGN nice moves
today, not in any of it (08:55 am) JoeyTSA
:nothing jumping off the scanners right
now (08:58 am) doji :APPL holding at
$500… (09:00 am) JoeyTSA :/CL got
stuck (09:30 am) Qwert :Has anyone
downloaded the new ninja version keep getting
the message but always reluctant (09:30
am) Ed :i have not (09:30 am) JoeyTSA
:funny you ask, i stopped the message and
forgot to do it (09:30 am) JoeyTSA :i will
just wait for the next update haha (09:31
am) Qwert :I always wait until one of you
guys do it first (09:31 am) JoeyTSA
:thanks 🙂 (09:32 am) Qwert
:hahaah (09:32 am) JoeyTSA :always asks to
download ninja, i keep thinking that i
will lose everything if i do that (09:32
am) Qwert :i know im always worried new
version will be buggy (09:33 am) JoeyTSA
:yeah (09:33 am) Qwert :same with
esignal (09:38 am) Mitch King:i like to
wait to load new versions of Ninja when the
blogs and forums are signing off on
it (09:38 am) Qwert :good advice
Mitch (09:39 am) Murano :The ninja
download has something to do with FXCM.
What is FXCM? (09:40 am) Mitch
King:FXCM.com is forex.com usually. a
futures-forex brokerage firm murano (09:40
am) Mitch King:are they sponsoring something
with Ninja? (09:40 am) JoeyTSA :must
be (09:40 am) JoeyTSA :maybe they became
affiliated? (09:41 am) Murano :I don’t
know, I didn’t know what FXCM was so I didn’t
do the download. (09:41 am) Murano
:Suppossedly you get a faster download of
historical data. (09:42 am) Mitch King:i
am just guessing though. post tha tlink
here, where are you reading that
murano? (09:43 am) Murano :If you click on
the update message it will give you that
info. (09:44 am) Mitch King:ok they are a
featured NinjaTrader brokerage partner,
stated on their website (09:52 am) JoeyTSA
:/GC very volatile right now (09:54 am)
JoeyTSA :DUST testing $51 on this gold
move (09:55 am) JoeyTSA :did bernanke say
something? (09:55 am) JoeyTSA :/GC
contracts just flying (10:00 am) Ed :Qwert
you still have SLV long (10:01 am) Qwert
:yes :)) (10:01 am) Ed
:nice (10:01 am) Qwert :just
trimmed (10:04 am) JoeyTSA :nothing
pressing, but just watching NFLX pullback to
$255 area (10:08 am) JoeyTSA :0bama
economic approval now @ 35% per
gallup (10:09 am) Ed :notice they did not
post disapproval at top which was
66% (10:10 am) JoeyTSA :still means 34%
are still living in fantasy land 🙂 (10:10
am) JoeyTSA :can only imagine where markets
would be with no $ pump (10:10 am) Ed
:technically 33% and 1% in lala (10:10 am)
JoeyTSA ::) (10:11 am) JoeyTSA :DUST still
tanking (10:12 am) Ed :guess realization
of econ numbers hitting (10:12 am) Ed
:causing spike in GC (10:13 am) JoeyTSA
:yeah (10:13 am) Ed :SLV had been most
oversold off all financial
instruments (10:13 am) Qwert :Ed where do
you see that info on most oversold (10:14
am) Ed :I have historical data (10:14 am)
Ed :I look at it periodically or when Im
confused LOL (10:14 am) JoeyTSA :that
another term for ” being old” 🙂 (10:14
am) Qwert :hahaaha (10:17 am) Ed
:yep (10:17 am) Ed :SLV had been oversold
by about 67% (10:20 am) JoeyTSA :2 days
ago /ES was near 1700, decent drop (10:23
am) JoeyTSA :early lunch, see you in a
bit (10:32 am) Murano :NQ needs to drop
below 17 to be a good long
possiblity (11:14 am) Murano :GE volume
spike (11:29 am) JoeyTSA :nice pop on /CL
going into pit close (11:32 am) JoeyTSA
:50t pop on/YM (11:32 am) JoeyTSA :that
was a nice buy program Ed (11:34 am) Ed
:guess was not aunt suzie (11:34 am)
JoeyTSA :nope (11:41 am) Murano :If you
took NQ long would sell some here. I
did not trade NQ. (12:05 pm) JoeyTSA :PENN
wasnt biggest price move though (12:08 pm)
JoeyTSA :not sure what vol was about on PENN,
but the run 6 racetracks, and about 20
casinos among their holdings (12:17 pm)
JoeyTSA :watching AAPL, nothing yet (12:25
pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano,Qwert,everyone,
have a great day, see you in the
morning (12:26 pm) Ed :c ya joey (12:27
pm) Murano :see you joey (12:35 pm) Murano
:done for the day, see you tomorrow (12:37
pm) Qwert :Bye Joey, Murano (12:37 pm) Ed
:c ya murano (01:00 pm) Qwert :good night
everyone
|