| (06:03 am) Qwert :MSFT pop
(06:04 am) Qwert :CEO retiring in next 12
monthes
(06:05 am) JoeyTSA :/CL pulling back
(06:14 am) Ed :S&P Fair Value and
Technicals — Fri. Aug. 23, 2013 S&P Fair
Value -2.35 Buy Programs -1.25 Sell Programs
-3.45
1651.93 pvt 1648.00 e-pvt
(06:19 am) Mitch :August 23, 2013, Friday Pre
Market Up: MSFT, SCTY, FB, ANN, EXPE, FSLR,
IOC, Pre Market Down: CRM, P, NTAP,
(06:19 am) Mitch King:when was the last time
MSFT was up 8,7% in premarket? probably
1999
(06:21 am) JoeyTSA :/ES to test 1660
(06:31 am) Mitch King:EXPE trending up
(06:32 am) Mitch King:CL 10 should bounce
(06:32 am) JoeyTSA :eye on GMCR
(06:32 am) Mitch King:watching QCOR
(06:33 am) Mitch King:watching TSLA for
bottom
(06:33 am) Mitch King:monitoring ARUN
(06:33 am) Mitch King:ADSK moving up,
trending
(06:34 am) JoeyTSA :EXPE push thru $50
(06:34 am) Mitch King:watching OCR for short
(06:34 am) Mitch King:monitoring STJ drop
(06:35 am) JoeyTSA :just watching AAPL
(06:36 am) Mitch King:take time before
selling TSLA
(06:36 am) Mitch King:watching SPG for bottom
to buy
(06:38 am) Mitch King:ADSK breaking out
further
(06:38 am) Mitch King:watching FL for bottom
to buy
(06:39 am) JoeyTSA :eye on QIHU
(06:39 am) Mitch King:watching ROST spike
down
(06:39 am) Mitch King:watching QCOR closer
for top to short, taking time
(06:39 am) Mitch King:consider reducing some
CL 10 soon if long
(06:40 am) Mitch King:i had to type more
qwert
(06:40 am) Mitch King:MRVL still dropping,
watching closer
(06:40 am) Qwert :watching MRVL
(06:40 am) Mitch King:monitoring LBTYA,
potential short but early yet
(06:41 am) Mitch King:monitoring P
(06:42 am) Mitch King:CL 10 cycling very very
well, ideal trading now
(06:42 am) JoeyTSA :tighten ADSK if long
(06:43 am) Mitch King:watching FL closer
(06:44 am) Ed :TSLA Citron research issues
commentary on the company following its short
position initiation within the last two
weeks
(06:45 am) JoeyTSA :QCOR turning possibly
(06:45 am) Ed :getting pullback in SPY
(06:46 am) Qwert :monitoring ARO
(06:46 am) Mitch King:starting to monitorin
FDAX 09-13 for bottom, no hurry
(06:47 am) Ed’s assistant :Monitoring NFLX
(06:48 am) Mitch King:ADSK still trending up
(06:49 am) JoeyTSA :VMW might get toppy here
(06:51 am) Mitch King:watching ANN for bounce
but taking time
(06:52 am) JoeyTSA :i passed on QIHU short,
but was valid trade, watching here though
(06:53 am) Mitch King:watching CL 10 for
bottom
(06:54 am) Ed 😛 just monitoring for now, Im
in no hurry for the long
(06:56 am) Mitch King:ANF lows
(06:56 am) Ed 😛 looking for counter trend
trade, want to see extreme selling or test
and successful retest before attempting long
(06:57 am) Ed :?GC= /GC
(06:57 am) Ed :for futres traders keep eye on
US$ and ?GC
(06:57 am) Ed :think we have housing data out
in 3 minutes
(06:57 am) Mitch King:new low on GES
(06:58 am) JoeyTSA :ADSK gave great pullback
(06:59 am) Mitch King:PNRA trying to bounce
(07:00 am) Ed :nice spike also spike in 6e
(07:00 am) Ed :/GC new hod
(07:00 am) Ed :*(US) JULY NEW HOME SALES:
394K V 487KE
(07:00 am) Ed :also consumer confidence in
europe
(07:01 am) Ed :was big miss reason for pop in
/GC
(07:01 am) Ed :EU) EURO ZONE AUG ADVANCE
CONSUMER CONFIDENCE: -15.6 V -16.5E –
(07:02 am) Ed :big drop in us$
(07:03 am) Ed :SPY new lod
(07:04 am) Ed :/GC higher highs
(07:05 am) Ed :nice break of 1385 on /GC
(07:06 am) JoeyTSA :/ES sitting on pp
(07:07 am) Ed’s assistant :GG STRONG
(07:12 am) Mitch King:monitoring LITB
(07:14 am) JoeyTSA :/CL up and over pp
(07:18 am) Ed :getting pullback in /GC and
getting bounce in US$
(07:18 am) JoeyTSA :/GC giving pullback to R2
area
(07:19 am) JoeyTSA :eye on RYL
(07:19 am) Ed :thx joey
(07:20 am) Ed :(US) Fed’s Bullard: Rates
should not be increased with inflation below
the 1.5% level, a floor at this level would
show seriousness on prices
(07:22 am) Mitch King:more downside on DAR,
still ok to short
(07:25 am) Mitch King:FB toppy
(07:28 am) JoeyTSA :tighten RYL if long
(07:28 am) Mitch King:watching CL 10 for top
to short
(08:31 am) Murano :watching BBT
(08:35 am) Ed :BBT Federal Reserve confirms
receipt of new capital plan proposal
following its first rejection in March; new
capital plan approved – Federal Reserve on
Friday announced it has not objected to a
re-submitted capital plan from BB&T C
more… (related XLF IXG ) 11:28 SYY Board
approves 20M share buyback program (3.3% of
shares oustanding) 11:20 SHLD Reportedly
will encounter class action lawsuit over
Washing machines following a review by the
Supreme Court – financial press (related WHR
) 11:06 MSFT Hearing Stifel makes cautious
comments (timing uncertain) 11:05
TradeTheNews.com US Market Update: Tepid
Trading After Flash Freeze ***Economic
Data*** – (BR) Brazil Aug FGV Consumer
Confidence: 113.1 v 108.3 prior – (IN) India
Fo more… (related UPDTE ) 11:04 AAPL US
appeals court reverses and remands lower
court decision on issue of sealing
confidential documents; Apple and Samsung
will not have to disclose sales data that
were used as exhibits in the case – In these
consolidated appeals, Apple Inc. and Samsung
Electronics Company, Ltd., Samsung Electroni
more… (related 005930.KR SMSN.UK SSNLF
005935.KR ) 11:01 NY Fed: Purchased $3.215B
in outright coupon purchase; dealers
submitted $10.447B for consideration (bid to
cover 3.25) – Heaviest purchase was $1.89B in
the 11/15/22 maturity – Purchased maturities
dated 11/15/2 more… (related TLT IEF SHY )
11:00 ACAS Sells portfolio company Pan Am
Holdings, Inc to ANA Holdings; receives $79M
from the sale – American Capital and its
affiliated funds received $94 million in debt
and equity proceeds and rea more… (related
9202.JP ) 10:47 (BR) Bank of America
analysts forecast Selic increase by 50bps in
decision next week (timing uncertain)
(related USD/BRL ) 10:45 (US) Fed’s Williams
(dove, FOMC non-voter): Expecting
unemployment to be below 6.5% in 2015; rates
expected to be increased in late 2015 – CNBC
interview – Expect significant uptick in GDP
later this year. – Current level of Fed bond
purchases does not more… (related EUR/USD
GBP/USD USD/JPY TLT IEF SHY JPY/USD ) 10:44
ZMH Receives FDA Clearance For Patient
Specific Instruments (PSI) Shoulder – Zimmer
PSI Shoulder utilizes 3D visualization
software to allow a surgeon to create a
customized s more… 10:44 GMCR UPDATE:
Northcoast Research Initiates GMCR with Buy,
price target: $120 10:33 (BR) Brazil Central
Bank’s Maciel: Weaker BRL is not prompting a
capital flight (related EWZ USD/BRL TRADEX )
10:32 AAPL US Govt calls on e-book injunction
recommendation to be lowered to 5 years from
10 year prior recommendation – press – Court
documents show the govt also recommends a
staggered renegotiation of Apple contracts
with pu more… 10:31 EUR/USD Hits fresh
session highs 10:30 (US) ECRI Weekly Index:
131.1 v 131.2 prior – Annualized growth
rate: 4.5% v 4.7% prio
(08:36 am) Ed :BBT Federal Reserve confirms
receipt of new capital plan proposal
following its first rejection in March; new
capital plan approved
(08:50 am) JoeyTSA :SODA
(09:01 am) Qwert :watching NFLX
(09:07 am) JoeyTSA :/CL on upmove
(09:25 am) JoeyTSA :/GC really tightening
(09:36 am) Ed :SY) US White House: Not
considering sending troops to Syria, aid to
opposition forces is increasing
(09:39 am) Ed :will be watching the 85 level
on GMCR
(09:42 am) Ed :will be keeping on list for
monday GMCR
(10:20 am) Mitch King:sorry i was a little
late on posting
(10:20 am) Mitch King:consider long in CL 10
(10:24 am) JoeyTSA :eye on /GC 1394,1396
range
(10:27 am) JoeyTSA :CTSH with 2 vol spikes
past new minutes, not sure if something is up
or not
(10:29 am) Ed :missed NFLX breakout earlier
(10:36 am) JoeyTSA :GMCR into $85
(10:48 am) Mitch King:dont be in any hurry to
buy CL as it drops. this has gone up 300
ticks today and it is going to neutral area
on this drop
(10:52 am) Ed :NDAQ Updates details of outage
yesterday, notes there was no ‘intrusion’
into systems, nor was there an unusual burst
of quotation activty or trading messages –
(11:00 am) Murano :watching DOW
(11:44 am) Ed :NDAQ Fox’s Gasparino tweets:
Nasdaq CEO Greifeld say BATS/DirectEdge
merger was long expected, will be good for
the market
(12:01 pm) Ed :IMF’s Lagarde: Unwind of
unconvential monetary policies is likely to
take longer than many think, there shouldnt
be a rush to exit-
(12:20 pm) Murano :watching TIBX
approaching R3
(12:50 pm) Murano :watching IBCP
(01:00 pm) Mitch King:see you monday, will be
slowest of all year next week
(01:00 pm) Ed :have a great weekend traders
| (05:31 am) JoeyTSA :on futures that is
(05:32 am) taco :hey doji
(05:33 am) taco :right thx joey
(05:34 am) Qwert :gm doji
(05:39 am) JoeyTSA :early gap down :
HIBB,P,ARO
(05:39 am) JoeyTSA :and F
(05:40 am) JoeyTSA :early gap up:
EXPE,ADSK,FSLR,SFM
(05:40 am) taco :do you use lightning for
/ES then if you watch it inticks joey?
(05:40 am) JoeyTSA :yeah, you can use
lightning at same time as tick
(05:41 am) taco :ok
(05:41 am) JoeyTSA :not sure why i switched
all others over to LBars, probably just to
check them out, and never switched back
(05:41 am) taco :im getting lightning today
or for monday tues prob
(05:42 am) taco :for futures
(05:42 am) JoeyTSA :nice
(05:42 am) taco :ya its time:)
(05:43 am) JoeyTSA :its a good tool, best
used as any tool..in conjunction to whats
actually happening on the chart itself
(05:43 am) taco :right
(05:43 am) JoeyTSA :be rigth back
(05:45 am) Qwert :DLLR gapping down
(05:46 am) dbeck3 :do you guys find the
2,4,2 default setting better in Lightning or
3,6,2 ??
(05:46 am) Qwert :I like 3,6,2 less signals
(05:51 am) doji :ARO has been trending down
since its peak in March 2009… a break below
9 could challenge the 5-year low of 8.35…
(05:51 am) doji :Posted loses and weak view
for next quarter earnings….
(05:51 am) doji :Just my small contribution
to this room
(05:52 am) JoeyTSA :thx doji
(05:52 am) doji :FB moving
(05:52 am) JoeyTSA :qwert: i havent spent
enough time with the 3-6-2
(05:53 am) JoeyTSA :only report i see is New
Home Sales @ 7pdt
(05:54 am) JoeyTSA :Moody’s might downtrade
the 6 largest US banks due to pullback of
govt support
(05:55 am) dbeck3 :thx Qwert, I’ve only had
it for a week and it makes all kinds of
noises
(05:56 am) Qwert :its just a personal
preference i am still focused mostly on
stocks
(05:56 am) JoeyTSA :Mitch seems to like the
362 also
(05:57 am) Qwert :we are old so makes it
easier for us 🙂
(05:57 am) JoeyTSA ::)
(06:00 am) dbeck3 :haha. i generally am
playing /CL, /GC, /HG and a pool of about 20
stocks – just day trade, no overnight.
Seeing how Lightning works, just need to
adjust a little for me. Getting this chat is
worth it by itself…ha
(06:02 am) JoeyTSA :/GC can get wacky at
times, i watch it, dont trade it much
(06:03 am) Qwert :FB may be worth watching
39.25 area
(06:03 am) JoeyTSA :thinking about adding a
grain chart , maybe /ZC just to have that
sector covered
(06:04 am) taco :nice finds qwert
(06:04 am) Ed :i really like trading /GC
(06:04 am) doji :Steve Balmer to retire
(06:04 am) Murano :good morning
(06:04 am) taco :gm Murano
(06:05 am) doji :My Company’s stock will
rally when I retire in….2033…lol
(06:05 am) taco :hi Eddie
(06:05 am) JoeyTSA :makes great moves Ed,
but sometimes just explodes out of the blue
(06:05 am) dbeck3 :/ZC is a fun one. That a
boy Ed! /GC is a good one. If 39.25-39.32
area can hold in FB, will be a nice drop to
play today
(06:06 am) JoeyTSA :great short when bounce
back to $105
(06:06 am) dbeck3 :hey Murano, Doji
(06:07 am) Ed :agreed joey, have to be
focused and really disciplined on it
(06:07 am) JoeyTSA :yeah, i got burned once,
lesson learned
(06:08 am) Ed :yea I have learned also.
(06:08 am) doji :What would Balmer be
thinking now that MSFT is rallying on the
announcement of his retirement?…
(06:08 am) JoeyTSA :and more than once on
missed moves
(06:08 am) doji :Eye on 35.78 in MSFT
(06:10 am) Ed :would really love a test of
135ish area on /GC
(06:10 am) JoeyTSA :MSFT used to be one to
watch everyday, now i rarely pull it up
(06:10 am) Ed :rightnow range on /GC 1354 to
1385
(06:10 am) JoeyTSA :i have pp @ 1372.50
(06:10 am) JoeyTSA :.60 actually
(06:11 am) Ed :daily range that is
(06:11 am) JoeyTSA :thx Ed, will also use
1668 as intermediate level
(06:15 am) Qwert :Thx Ed
(06:19 am) herman :gm all
(06:20 am) taco :hi herman
(06:20 am) JoeyTSA :no kidding Mitch
(06:21 am) JoeyTSA :already 16M shares
traded
(06:21 am) Ed :and its moving the markets
too, well atleast the dow
(06:22 am) JoeyTSA :/TF too
(06:22 am) running :nugt down?
(06:22 am) Ed :sure is
(06:22 am) running :and up
(06:22 am) Ed :and usuallly I have /TF on
screen
(06:24 am) running :edb can get tf only this
early on daily… why is that
(06:24 am) running :my bad ,,,ED
(06:25 am) Ed :no problem
(06:25 am) Ed :we place / before symbol when
speaking of futures,
(06:26 am) dbeck3 :/CL making its run
(06:26 am) running :thanks
(06:26 am) running :omy bad
(06:27 am) Ed :not sure will get it but would
like another testnear lod on /CL being after
engulfing candle r/r was too much for me
(06:27 am) Ed :sp passed
(06:27 am) JoeyTSA :you are on 1min correct
Ed
(06:27 am) Ed :yes
(06:28 am) JoeyTSA :i had 242 up, saw dbl bot
with pos div @ 6:19
(06:28 am) Ed :yea i got dbl bottom but on
signal too far away from where i need to
place stop
(06:28 am) regatta :ADSK up
(06:28 am) JoeyTSA :gotya
(06:29 am) Ed :needed
(06:29 am) doji :Watching FSLR, EXPE and
ARO
(06:29 am) Ed :shifting to stocks now
(06:29 am) elisha :gm all
(06:30 am) skydiver :a bit late today — gm
all
(06:31 am) Murano :good morning sky
(06:32 am) skydiver :gm Murano
(06:32 am) doji :ADSK
(06:32 am) JoeyTSA :2 minutes and seems like
traders trying to get a feel for the day
(06:33 am) skydiver :shorted msft 35.01
(06:34 am) doji :NFLX
(06:34 am) Ed :got my retest on /CL
(06:34 am) doji :DANG not filled in EXPE for
3 cents….
(06:35 am) doji :I hate when that happens
(06:36 am) JoeyTSA :its annoying doji
(06:36 am) JoeyTSA :pulling back, might fill
you haha
(06:36 am) doji :Nice short in MSFT below
the 52-week high
(06:37 am) JoeyTSA :nice on TSLA Mitch
(06:37 am) doji :TSLA
(06:38 am) skydiver :covered 1/2 MSFT short
(06:38 am) doji :APPL near $500
(06:39 am) doji :Big call O/I in TSLA at
160
(06:41 am) skydiver :all out of MSFT short
(06:42 am) taco :nice trade sky
(06:43 am) skydiver :thnx taco
(06:43 am) JoeyTSA :AAPL to test $500 maybe
(06:44 am) doji :I would take 1/2 of ARO if
you took it short
(06:45 am) doji :APPL at 500
(06:46 am) JoeyTSA :QCOR long stop hit
(06:46 am) doji :Die ARO die
(06:46 am) doji :EXPE frozen at 50 level
(06:47 am) JoeyTSA :yeah, watching with you
doji
(06:48 am) JoeyTSA :in hindsight, should have
let ADSK run more, oh well
(06:48 am) JoeyTSA :compounded error by not
re-entering on pullback to $41
(06:48 am) skydiver :whew == TSLA finally
moving up
(06:49 am) doji :TSLA at 160
(06:49 am) doji :Finally Sky? It has been
moving since yesterday
(06:49 am) skydiver :I know , but I jumped
in late today long
(06:51 am) doji :SPY lod
(06:51 am) doji :Volume dried on TSLA after
the breakout
(06:51 am) skydiver :all out of TSLA long
for now – small profit – look for another
entry point later
(06:53 am) doji :ARO broke below 9…
(06:53 am) doji :Watching P
(06:54 am) skydiver :nice short doji on ARO
(06:55 am) doji :YEap, still riding…
(06:55 am) JoeyTSA :great job doji
(06:56 am) doji :Don’t know if there is
momentum to hit 8.35
(06:57 am) doji :all out ARO
(06:57 am) doji :for now
(06:58 am) doji 😛
(06:59 am) vince :adsk turning down
(06:59 am) doji :Long P 18.87
(06:59 am) doji :FSLR
(06:59 am) doji :spike
(07:00 am) doji :NUGT
(07:00 am) JoeyTSA :yeah
(07:01 am) JoeyTSA :thought housing market
was great the other day?
(07:01 am) doji :MM keeping TSLA at 160…
highest O/I on weekly calls
(07:02 am) doji :Run NUGT run
(07:03 am) dbeck3 :/CL still dropping
(07:04 am) skydiver :thnx to who ever called
NUGT – doji?
(07:05 am) doji :YEap
(07:05 am) doji :Gold needs to break 1884
(07:05 am) skydiver :thanks — owe you lunch
🙂
(07:05 am) doji :Ok id did already
(07:05 am) JoeyTSA :you mean 1384?
(07:06 am) skydiver :out 3/4 NUGT long
(07:06 am) doji :Next target for Gold
1400…
(07:06 am) doji :still runing NUGT
(07:07 am) skydiver :yes — I’m keeping my
lat 1/4 in NUGT long
(07:07 am) JoeyTSA :nice $4 run there 🙂
(07:07 am) doji :My stop in NUGT right below
93
(07:08 am) doji :all out NUGT… nice $4
run
(07:08 am) skydiver :all out of NUGT long –
thanks again 🙂
(07:09 am) JoeyTSA :just need something like
that once a week, but give me that once a day
or hour and i will be happier haha
(07:09 am) Ed :yea with econ numbers can use
us$ to play /GC or etf NUGT
(07:09 am) doji :Re-entered NUGGT
(07:09 am) doji :92.89
(07:09 am) doji :tight stop
(07:09 am) Ed :Key to recall bad econ numbers
money goes into gold
(07:10 am) JoeyTSA :thx Ed, great reminder
(07:11 am) skydiver :thnx Ed — I syhould
have kept last 1/4 position in NUGT long –
left money on table
(07:11 am) skydiver :hind site is so clear
🙂
(07:13 am) doji :I re-entered Sky… over
$1,5 already
(07:13 am) doji :Gold 1400 on target so far
(07:13 am) skydiver :nice doji
(07:13 am) skydiver :I almost re-entered,
but didn’t — oh well
(07:15 am) doji :Playing with house’s money
on NUGT here… just trailing my stop…we
need a nice pushe toward 1400 in /GC first
(07:15 am) skydiver :gotcha
(07:15 am) doji :ARO wants 8.35
(07:18 am) doji :FB getting the bid
(07:20 am) Qwert :forgot to reset FB alert
🙁
(07:21 am) skydiver :thnx again Ed for info
(07:22 am) Ed :no problem
(07:24 am) JoeyTSA :doji: sure looks like
$160 on TSLA might be the pin
(07:25 am) doji :Strong volume in FB…
let’s see if it breaks $40 but O/I could
serve as resistance in addition to round
number
(07:25 am) JoeyTSA :Fb great move off $39
support, didnt catch it in time though
(07:26 am) doji :Short FB at 39.9… filled
my pre-order
(07:27 am) doji :Now it needs get pushed by
MM down to 39.5 or 39…
(07:32 am) doji :NUGT making new highs…
yes!
(07:32 am) doji :/GC at $3 from $1400
level…
(07:33 am) doji :Closing 1/2 NUGT here and
trailing the rest….
(07:34 am) JoeyTSA :great trading today
(07:35 am) skydiver ::)
(07:35 am) taco :lots of great calls
(07:35 am) JoeyTSA :time to run, hope to be
back in 90, trade for couple hours before
have to leave for the day
(07:36 am) taco :/CL big run
(07:36 am) Qwert :bye joey
(07:42 am) doji :All out NUGT
(07:43 am) dbeck3 :see ya Joey
(07:46 am) taco :any news for the oil spike?
or related to your post ed 7:20?
(07:49 am) Ed :its funny u ask taco, on econ
reports i manily focus on /GC and US$, but I
do also know that with /CL u get a move in
direction then countrend comes strong at
times, especially if get nice move in first
direction. If that makes sense
(07:49 am) taco :i’ll take it:)
(07:50 am) taco :seemed delayed is all
(07:51 am) Ed :Like we had nice downtrend in
crude, then afterwards got nice counter
trend. Probablly culmination of news and
later comers to shorts after they tried to
reverse and reverse the trend then they
finally decide to go short and then kaboom
(07:52 am) taco :right makes sense looking
at 15 min chart
(07:52 am) Ed :so like downtrend, they go
long, downtrend, they go long, then get
reversal of trend to uptrend, then they say
got tthis time, and hit is short
(07:54 am) Ed :Setup and system are key, as
one can counter but must be disciplined as
well. Of course thats with all trading
(07:54 am) doji :You are speaking chinese
Ed
(07:55 am) doji :Can you show us on the
screen? Or even better, hear your
“Sinatra-style” voice…
(07:55 am) Ed :i wonk i nac ekaeps yzarc ta
semit
(07:56 am) doji :Clear like mud water this
time Ed
(07:56 am) Ed :lol. oops I wrote that
backwards, translation I know i can speak
crazy at times
(07:57 am) Qwert :hahahaah
(07:57 am) taco :i know where the kaboom
happened
(07:58 am) taco :nice action anyways
(07:59 am) Ed :In simple terms doji, u have a
downtrend, traders are thinking go long, so
enter long, they get stopped, then they try
it again, they get stopped. Then after they
keep trying to long the downtrend, at same
time we getting bottoming action the trend
changes and they relize they been on wrong
side so they try shorting just as market is
turning
(08:00 am) taco :oh, so how i trade haha
(08:00 am) Qwert :haha same here taco
(08:00 am) Ed :We have all been there
(08:00 am) taco :know i understand:)
(08:00 am) doji :Are you describing my
trading’s style Ed?
(08:00 am) Qwert :MRVL a beauty
(08:01 am) Ed :But then if we still have
money left we learn system, use a system, and
get more discplined etc. and turn odd in our
favor
(08:01 am) doji :I have learnt not to chase
stocks the hard way… I still do from time
to time but when the setting is right like
TSLA yesterday or APPL before
(08:01 am) doji :What do you mean Ed?
(08:01 am) Ed :agree doji, its definitely a
balance to keep the emotions in check
(08:02 am) doji :Money left and learnt
system?
(08:02 am) doji :You mean, having a
strategy?
(08:02 am) Ed :When we enter trading we want
to make ton of money, by the time we do learn
the correct way, many times we dont have
money left to trade
(08:03 am) doji :Got you
(08:04 am) doji :The example today for me
was FB. In the past I would throw a bunch of
money hoping it gets above 40 and continues
moving but sure enough I would have been
stopped when it dropped below $40. On Fridays
I have learnt to look at the O/I levels. This
has given me an idea of possible S/R levels
on the stocks I am watching
(08:05 am) Ed :great example doji, thanks for
sharing
(08:06 am) taco :O/I levels are found
where?
(08:06 am) doji :If I have known that 4
years ago, I wouldn’t have lost $100K….
(08:06 am) doji :lol
(08:06 am) doji :At the options chain Taco
(08:07 am) Ed :I know what u mean doji, thats
part of coming up with system and being
discipline
(08:07 am) taco :ok ty
(08:07 am) doji :Just look at the highest
O/I volume at ITM put and calls
(08:08 am) doji :Those high O/I volume are
due to the fact that Market Makers sell
premium and want the particular stock to
remian within those levels so the can profit
both ways
(08:08 am) taco :ahh
(08:09 am) taco :what is FB highest OI?
(08:09 am) taco :i dont have easy access to
option chain data
(08:09 am) doji :$40 wekly calls expiring
today
(08:10 am) doji :O/I = 6,709
(08:10 am) Ed :u can try
schaeffersresearch.com they have some nice
free tools for options
(08:10 am) doji :and volume today is 18.817
(08:10 am) doji :lol I learnt that from
Schaeffer Ed
(08:10 am) doji :but from the free stuff
(08:11 am) taco :nice thx doji, ed
(08:11 am) Ed :lol. cool. Yea Bernie owner
been around long time I learned alot about
options from him back in 90’s
(08:11 am) Ed :I no doji it was not 1890’s
(08:11 am) doji :Thanks for the
lcarification Ed
(08:12 am) Ed :lol
(08:12 am) Qwert :lol
(08:14 am) running :It might have been….
ya’ll seem to speak an unique dilect(foreign)
sometimes
(08:14 am) running :at least to me!
(08:17 am) doji :I speak Portuguesse, Ed
English and Joey Horse’s language
(08:24 am) doji :TSLA watching here
(08:29 am) Ed :little pain right now for
Citron if they put TSLA short on 2 weeks
ago
(08:30 am) doji :TSLA breakout with volume,
could reach 165…
(08:33 am) Murano :looking for breakout long
on BBT
(08:35 am) Ed :sorry that was quite a bit of
data
(08:36 am) Qwert :thx Ed
(08:36 am) Ed :there we go,much better
(08:36 am) Murano :thanks Ed
(08:38 am) Murano :investor are not excited
about BBT plan
(08:46 am) skydiver :MSFT still a slow
downtrend —
(08:47 am) JoeyTSA :i fell asleep watching
that one haha
(08:47 am) skydiver ::)
(08:49 am) JoeyTSA :here’s a quick laugh…
(08:49 am) JoeyTSA
:http://www.buzzfeed.com/daves4/32-extremely-
upsetting-facts-about-the-class-of-2017
(09:02 am) JoeyTSA :nice pop qwert
(09:06 am) taco :ya joey times are changing
fast..
(09:06 am) JoeyTSA ::)
(09:06 am) dbeck3 :haha, I love the Canadian
tuxedo Brit and JT are wearing
(09:07 am) taco :DAR moving down, nice call
Mitch
(09:08 am) dbeck3 :/GC just hanging out now
(09:08 am) JoeyTSA :yeah i see that, makes me
leery
(09:09 am) dbeck3 :shorting these big tops
today isn’t working so I am staying away
(09:12 am) Qwert :ARO just a dog
(09:24 am) skydiver :Have to step out for a
bit . . . be back in about an hour
(09:26 am) taco :c ya sky
(09:28 am) JoeyTSA :enjoy sky
(09:29 am) regatta :just watching KERX, low
price
(09:32 am) dbeck3 :not getting a lot of
movement out of anything for me. Gonna take
a long lunch, I’ll see everyone later – make
some $$$$$$$
(09:32 am) taco :cya dbeck
(09:32 am) JoeyTSA :bye dbeck, enjoy weekend
if im gone when you get back
(09:57 am) doji :Back
(09:57 am) doji :AAPL pinne right above 500
(09:57 am) doji :NFLX at 275
(09:57 am) doji :FB at 40
(09:57 am) doji :TSLA at 160
(09:58 am) JoeyTSA :yeah, LNKD 240
(09:58 am) doji :all of them right above
those numbers
(09:58 am) JoeyTSA :doubt i will be making a
trade before i leave though
(09:58 am) doji :I’ll ckeck the O/I on
Monday morning to setup targets for next
Friday…
(10:00 am) chinhngo :GM MR DOJI WHAT IS MEAN
OF o/i ? thank
(10:01 am) chinhngo :dltr will be short at
53.55?
(10:05 am) doji :Ok Chinhndo, since you have
approached to me with respect and courtesy, I
will adress your question
(10:05 am) doji :What is your e-mail and
I’ll send you an article where O/I and stock
pricess are clearly explained
(10:05 am) chinhngo :thank you very much
keep learning
(10:06 am) doji :No Ed, I won’t send it to
you…. lol
(10:06 am) chinhngo :[email protected]
(10:06 am) Ed :lol
(10:10 am) chinhngo :russel 2000 most of the
time lead market today tna is down so
tommorrow will go down is this thinking will
be acceptable ?
(10:12 am) JoeyTSA :hard to say chin, if the
markets ran in a vacuum then maybe, but it
doesnt
(10:13 am) chinhngo :shrt 500 nflx at
277.35
(10:13 am) JoeyTSA :also its friday, so by
tomorrow you probably mean monday…sell off
COULD just be some profit taking
(10:13 am) JoeyTSA :or selling for any other
number of reasons
(10:14 am) doji :Ok Nancy, e-mail sent,
Enjoy it
(10:14 am) chinhngo :thank you mr ed
(10:15 am) chinhngo :will learn more at
weekend
(10:15 am) doji :Hahaha Mr. ED I just
remeber the TV series…
(10:16 am) JoeyTSA :a horse is a horse of
course of course 🙂
(10:16 am) doji :lol
(10:17 am) Ed :lol
(10:18 am) doji :FB would be a nice swing
play on Monday it it holds above $40 with $42
as target by Friday….
(10:21 am) herman :ueps
(10:29 am) doji :I missed the FB breakout
…. lol
(10:30 am) taco :Ed, you watch futures one 1
min, any other settings?
(10:31 am) taco :im watching /CL one 1min
and 362 tick
(10:33 am) doji :If you see, the O/I levels
in FSLR are from $38 to $39…. I missed the
short at the open…
(10:33 am) doji :MM will keep FSLR between
those levels by day’s end
(10:34 am) JoeyTSA :time to call it a day,
taking wife out for bd lunch,shopping
(10:34 am) Ed :taco on 1minute and 5minute
(10:35 am) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano Qwert, everyone..enjoy
your weekend, see you monday 🙂
(10:35 am) taco :cya Joey wish her happy
birhday from us
(10:35 am) doji :By Joey, see you in a week,
I have a business trip to Houston….
(10:35 am) doji :next week
(10:35 am) JoeyTSA :be safe doji, you gotta
get to vegas
(10:36 am) doji :Bet you
(10:37 am) doji :or in Rio…
(10:37 am) doji :You can walk naked on the
beach and nobody will care
(10:37 am) doji :or laught at you… lol
(10:46 am) victor51 :i Ed, are you looking
break out for GMCR ?
(10:47 am) doji :No Victor, it’s most
probably being pinned at 85 by day’s end
(10:47 am) Qwert :Wow ARO finally bounced a
little
(10:51 am) doji :We should see Gold hitting
$1400 during the weekend….
(10:53 am) chinhngo :mr may i know what is
the reason gold go up 1400 during this
weekend ? thank
(10:56 am) doji :Gold has momentum and it’s
in uptrend…and the odds are it may hit
$1400 … it stays above, then enxt target is
$1500 for sure
(10:58 am) chinhngo :thank mr doji i bought
gold bullion before as advice mr porter
(10:59 am) doji :I said it nay hiy but
didn’t say it will stay above the $1400
level… just to amke sure we are in the same
page
(10:59 am) doji :nay = may
(11:22 am) herman :gmcr
(11:42 am) chinhngo :bought cover nflx
(11:44 am) skydiver :nice chin
(11:44 am) chinhngo :just lucky
(11:44 am) skydiver ::)
(11:45 am) skydiver :I would love TSLA to
drop a bit to enter for a possible swing
position . . do not like where it is on price
at moment however
(11:49 am) skydiver :thnx for news Ed . .
.I’m slow in response 🙂
(11:49 am) Ed :no problem
(11:50 am) doji :FB seems to want $41…
hummm
(12:04 pm) doji :Bye fellas… se ya in a
week….make tons of money!
(12:05 pm) taco :take care doji have fun
(12:06 pm) Ed :c ya doji
(12:07 pm) chinhngo :bye doji
(12:07 pm) chinhngo :and have a nice
weekend
(12:08 pm) skydiver :ssee ya doji – safe
travels
(12:22 pm) skydiver :TSLA moving up again
(12:22 pm) skydiver :not a lot but upward a
bit 🙂
(12:26 pm) skydiver :Okay, I’m done . .
quite while in green — 9 trades, 5 solid
wins, 2 losers, 2 be – but in green nicely
=– see you all Monday 🙂
(12:26 pm) taco :nice sky have a good one
(12:27 pm) skydiver :take care taco — have
a great week-end
(12:28 pm) Ed :c ya sky and nice trading
(12:28 pm) Qwert :cya sky
(12:28 pm) chinhngo :see you sky bye
(12:53 pm) taco :thanks Mitch Ed Qwert
Murano and everyone, have a great weekend see
you monday:)
(12:54 pm) regatta :looking at TUES for
possible short next wk
(12:55 pm) Qwert :bye taco
(12:55 pm) Murano :covered all IBCP and TIBX
(12:56 pm) Murano :done for the day, see you
Monday
(12:57 pm) Qwert :Have a great weekend
Murano
(01:01 pm) Qwert :Bye everybody
(01:02 pm) Ed’s assistant :Have a great
weekend for all
|
Web Special
