| (05:28 am) JoeyTSA :levels /ES 1973-1977; /CL
94.50-94.75
(05:56 am) JoeyTSA :gap up: MOVE, EY, GPRO,
WAG, VIMC, AMBA
(05:56 am) JoeyTSA :gap down: DWA
(06:11 am) Qwert :TK gapping up as well
(06:19 am) Mitch King:Premarket UP: MOVE,
CNET, TK, CPRX, VIMC, EBAY, MAS, TASR, SBGL,
RWLK Premarket DOWN: IRM, TSL, RADA, JRJC,
DWA
(06:20 am) Mitch King:VIMC new highs this
morning
(06:21 am) Mitch King:DWA, Dreamworks down
quite a bit from yesterdays high, “Deal talks
between Dreamworks, Softwbank have cooled”
(06:23 am) Mitch King:GPRO over 94, share to
short difficult to find
(06:23 am) Mitch King:biotech still hot
(06:23 am) Mitch King:CL, crude oil has been
on upswing
(06:23 am) Mitch King:watching CL 11-14 here
(06:30 am) Mitch King:looking for rebound
here in CL 11-14
(06:31 am) Qwert :watching PANW
(06:31 am) Mitch King:watching VRX
(06:32 am) Mitch King:watching NUS
(06:32 am) Mitch King:watching CTAS
(06:33 am) Mitch King:LEJU moving, more
upside
(06:33 am) Mitch King:watching BITA for more
upside
(06:34 am) Mitch King:watching MGA for
trades
(06:34 am) Mitch King:watching GPRO for
trades,
(06:34 am) Mitch King:watching THRM for
trades
(06:36 am) Mitch King:watchign THRM closer
(06:36 am) JoeyTSA :eye on AMBA
(06:36 am) Mitch King:WAG moving
(06:36 am) Mitch King:watching JNS for short
again today, prefer rebound first
(06:38 am) Qwert :monitoring AMAG
(06:39 am) Mitch King:new low on CL
(06:40 am) Regatta :watching VIMC
(06:40 am) Mitch King:remember CL has come up
from 91 to 95 last 5 days
(06:41 am) Mitch King:SFUn active
(06:42 am) Regatta :watching CTCM, low price
(06:44 am) Mitch King:watchign ECYT for
bottom to buy
(06:44 am) Qwert :watching WFM
(06:44 am) JoeyTSA :/ES testing pp now
(06:45 am) Mitch King:06:45 *(US) SEPT
CHICAGO PURCHASING MANAGER: 60.5 V 62.0E
Sub-indices:- Prices Paid: 67.2 v 60.2 prior
– New Orders: 60.0 v 65.6 prior – Employment:
56.2 v 55.9 prior – Inventories: 70.8 v 61.2
prior – Supplier Deliveries: 64.1 v 57.6
prior- Production: 64.9 v 74.7 prior- Order
backlogs: 52.5 v 58.3 prior – Source
TradeTheNews.com
(06:48 am) Mitch King:VIMC hot one today
(06:49 am) Mitch King:let GPRO drop more than
normal before bying
(06:53 am) Regatta :watching QIHU
(06:54 am) JoeyTSA :eye on BABA
(06:54 am) Qwert :monitoring WAG
(06:57 am) Qwert :monitoring CVEO
(06:59 am) Regatta :watching THRM
(06:59 am) Regatta :watching AMBA
(07:00 am) Mitch King:07:00 *(US) SEPT
CONSUMER CONFIDENCE INDEX: 86.0 V 92.5E –
Expectations index: v 90.9 prior – Present
situation index: v 94.6 prior – Those saying
jobs are “plentiful”: % v 18.2% prior – Those
saying jobs are “hard to get”: % v 30.6%
prior – Source TradeTheNews.com
(07:01 am) Mitch King:watching GPRO for
bottom
(07:08 am) Regatta :watching GTAT
(07:10 am) Mitch King:JRJC long entry here
(07:12 am) Mitch King:GPRO could easily hit
86 today
(07:15 am) Qwert :monitoring YNDX
(07:16 am) Qwert :DOW takeover chatter
(07:37 am) Mitch King:good trades in TK
(07:40 am) Mitch King:watching DWA for top to
short, slow motion trade, take lot of time
(07:47 am) Qwert :EBAY pop
(07:48 am) Mitch King:yuck, big spread, dont
like that
(07:48 am) Mitch King:AMAG good stock for buy
on dip still
(08:34 am) Mitch King:new CL low
(08:35 am) Mitch King:monitoring SCO
(08:46 am) Mitch King:9130 from 95 today
(08:46 am) Mitch King:new CL low
(08:53 am) Mitch King:MVIS
(08:59 am) Mitch King:AGIO below $61, this
was high flying biotech last few days
(09:22 am) Mitch King:P moving around
(09:31 am) Mitch King:NUAN
(09:31 am) Mitch King:NYUAN
(09:31 am) Qwert :NUAN moving
(09:39 am) JoeyTSA :/ES back in pp area
(09:58 am) Qwert :CONN spike
(10:21 am) Mitch King:CL 11-14 at $91
(10:51 am) JoeyTSA :/ES might test 1960 here
(10:54 am) Mitch King:monitoreing CAR
(10:56 am) Mitch King:ES coming off bottom,
looking for slight pullback before any long
entry
(11:18 am) Mitch King:looking for small
bounce in NQ
(11:18 am) Mitch King:maybe 2-3 points
(11:19 am) Mitch King:CL at 91
(11:53 am) Qwert :PDFS selling off
| (05:13 am) JoeyTSA :good morning mberl
(05:13 am) JoeyTSA :s7P/cs comp @ 6, chicago
pmi @ 6:45, cb consumer confidence @ 7pdt
(05:26 am) george :GM all !!
(05:26 am) Qwert :Good morning Joey, mberl,
george
(05:50 am) skydiver :gm everyone . . . .
only ipo I see opening today is CADTY —
expected pricing around $10 only 6 million
shares being offered
(05:50 am) skydiver :correction CADTU
(05:51 am) Qwert :gm sky and thanks
(05:51 am) skydiver :gm qwert and thanks for
info on Lightspeed 🙂
(05:52 am) Qwert ::)
(05:52 am) skydiver :one ipo for tomorrow
and then on Oct. 2nd — 7 are slated to open
(05:59 am) skydiver :I wonder if paypal will
be taken over by aaple or google once it is
spun off from ebay . .
(06:12 am) skydiver :TK – Deutsche Bank
upgraded Teekay to Buy citing the company’s
plans to raise its dividend by 80%. Deutsche
raised its price target for shares to $90
from $68 saying the plan is better than it
expected. :theflyonthewall.
(06:13 am) Qwert :thx sky
(06:14 am) JoeyTSA :thx sky
(06:14 am) JoeyTSA :and Qwert
(06:16 am) skydiver :welcome back joey
(06:16 am) JoeyTSA :thanks, great trip
(06:16 am) skydiver :nice 🙂
(06:17 am) skydiver :monitoring GPRO . .
came down a bit . . . would love a nice drop
for a long entry
(06:19 am) skydiver :thanks Mitch
(06:35 am) skydiver :watching BITA
(06:38 am) skydiver :missed MBLY bounce
(06:42 am) skydiver :WFM – take over
chatter
(06:45 am) JoeyTSA :big names trying to find
a bottom
(06:46 am) skydiver :covering 3/4 on WFM
here
(06:49 am) skydiver :thanks Mitch – watching
GPRO
(06:52 am) Mitch King:i dont trust the GPRO
bottom
(06:52 am) Mitch King:to buy
(06:52 am) skydiver :I agree Mitch
(06:52 am) skydiver :with SPY dropping etc.
(06:54 am) skydiver :all out of WFM short –
(06:55 am) JoeyTSA :/NQ a bit manic so far
(07:11 am) JoeyTSA :back in 25
(07:13 am) skydiver :see ya joey
(07:23 am) Qwert :Nice call on JRJC Mitch
(07:24 am) skydiver :very good indeed Mitch
– JRJC
(07:28 am) Mitch King:its up 5% so far, which
is always a big number in your favor
(07:29 am) Qwert :5% is huge awesome call
(07:35 am) Qwert :AMAG a beast today and
yesterday
(07:39 am) Mitch King:sheesh, we missed a big
bouncer, CNW
(07:39 am) JoeyTSA :decent /ES rebound
(07:49 am) Mitch King:our old friend SCOK is
back trying to rebound today
(07:54 am) skydiver :GPRO – nice rebound —
I’m out of time – thanks for great calls –
see you all tomorrow and keep making $$ 🙂
(07:54 am) JoeyTSA :enjoy sky
(07:55 am) Qwert :cya sky
(08:16 am) harlen444 :thanks mitch for jrjc.
i am leveraged so bad that i didnt have many
shares ,but i made a couple hundred
(08:48 am) JoeyTSA :/CL is insane today
(08:48 am) Mitch King:hey joey, you know what
is going on with crude?
(08:49 am) JoeyTSA :no clue
(08:49 am) JoeyTSA :not seeing any major news
yet
(08:49 am) Mitch King:consumer confidence is
low today
(08:49 am) JoeyTSA :yeah saw that
(08:50 am) Mitch King:and PMI low too
(09:02 am) Mitch King:AGIO is the biotech
that said they were going to share their
phase 1 data at some meeting in late October
(09:04 am) Mitch King:today is biggest single
drop in crude oil this year
(09:04 am) Mitch King:in one day
(09:04 am) Qwert :monster move
(09:04 am) Mitch King:i would think a
substnatial rebound is in order today
(09:05 am) Mitch King:only thing i can think
is the two datapoints on consumer confidence
and PMI, plus crude has been high relative to
last 3 weeks
(09:16 am) Mitch King:ok today is biggest
drop since 2012, over 2 years
(09:16 am) Mitch King:in crude oil
(09:16 am) Mitch King:anticipation of a
energy administration report showing supplies
expanded by 1.5 mil barrels last week
(09:17 am) Mitch King:the combination of a
stronger dollar is also accentuating the drop
as well
(09:18 am) Mitch King:and also record out put
from fracking
(09:19 am) Mitch King:sort of a perfect storm
for crude oil to drop
(09:21 am) Mitch King:speculation that large
long positions in hedge fuds could be
liquidtating crude
(09:22 am) Qwert :thx mitch
(09:24 am) Mitch King:ok im reading bloomberg
article quoting analysts that a lot of
speculators are getting out of long positions
in crude. supply vs demand favors lower oil
prices
(09:25 am) Mitch King:another part of this
perfect storm is other commodities dropping
(09:28 am) Qwert :Mitch do you still think we
will get a technical bounce on /CL with all
of the factors
(09:28 am) Mitch King:i would think so
(09:28 am) Mitch King:its been flat for 30
minutes, looks like trying to bottom
(09:28 am) Mitch King:and this is the biggest
drop in one day that ive seen, biggest one in
over 2 years
(09:28 am) Mitch King:markets tend to over
react
(09:28 am) Qwert :thats what i was thinking
as well
(09:29 am) Mitch King:im trying small long
position
(09:29 am) Mitch King:but my plan is to take
small profits, not look for big move at one
time
(09:30 am) Qwert :okay thx
(09:30 am) Mitch King:if it turns upward,
probably try buy on dip IF uptrend is well
established
(09:30 am) Mitch King:but early longs will
get sold, guaranteed that will happen
(09:30 am) Mitch King:lot of longs hurt so
they will sell on spikes up, until an overall
strength comes into crude
(09:30 am) Mitch King:at least thats what
normally happens in stocks and crude
(09:33 am) Mitch King:didnt know the
projector was turned off
(09:35 am) Mitch King:this little dorp here
in CL might be good entry qwert
(09:36 am) Qwert :thx
(09:36 am) Mitch King:and maybe try to get
10-15 ticks on long side
(09:36 am) Mitch King:could get lucky and get
25 ticks to 91.50 area
(09:37 am) Mitch King:ok i went long 91.23,
looking for 91.40
(09:37 am) Mitch King:just be really
flexible
(09:38 am) Mitch King:ok thats what i wanted
right there, 15-16 ticks
(09:38 am) Qwert :nice
(09:38 am) Mitch King:retracement to 91,30
for another long entry
(09:38 am) Mitch King:try lower
(09:39 am) Mitch King:that vicious drop looks
over, looks like the big sellers are out of
the way, way its acting, smaller guys, retail
traders in now, like us
(09:40 am) Mitch King:ok long again 91.26, CL
11-14
(09:40 am) Mitch King:should get 10 ticks to
91.35 area or higher
(09:41 am) Mitch King:really would like to
see a higher high though in order to trust
buying on the dip strategy
(09:43 am) Qwert :would be nice to see a push
into the .40’s on /CL
(09:44 am) Mitch King:yeah im thinking that
91.50 area
(09:44 am) Mitch King:key thing to look for
is a higher high than 01.40
(09:44 am) Mitch King:91.40
(09:45 am) Mitch King:look to sell
(09:45 am) Mitch King:yeah id sell here, i
closed highest at 91.44
(09:45 am) Qwert :nice
(09:45 am) Mitch King:it should pullback 10
(09:45 am) Mitch King:you trading it qwert?
(09:45 am) Qwert :yes
(09:46 am) Mitch King:we should get 91.31
long entry
(09:46 am) Mitch King:ok its getting that
underlying strength back, probably should see
longs work for awhile
(09:47 am) Qwert :yeah looks good
(09:48 am) Mitch King:there isa big upside
to crude considering it came down $4 or 400
ticks
(09:49 am) Mitch King:ok this dorp is decent
long entry
(09:49 am) Qwert :that is such a big move I
think the biggest one since I have been
paying attention to crude
(09:49 am) Mitch King:me too, says over 2
years biggest drop
(09:50 am) Mitch King:i think buy on dip
works now
(09:50 am) Mitch King:but if you lose money
you can blame it on joey or skydiver
(09:50 am) Qwert :its okay i have already
made money on it today
(09:51 am) Mitch King:really want to see
higher highs
(09:51 am) Mitch King:like to 91.60, im
looking at CL 11-14
(09:51 am) Qwert :yeah needs to go over .60 i
think
(09:51 am) Mitch King:its still weak though
(09:53 am) Qwert :WYNN is really strong
today
(09:55 am) Mitch King:sure is
(09:56 am) JoeyTSA :huge move from lod
(09:57 am) Mitch King:LVS going up with WYNN
(09:57 am) Qwert :so is MPEL and MGM
(10:02 am) Mitch King:you get that rebound
qwert in CL
(10:02 am) Mitch King:i sold into it
(10:02 am) Qwert :yes im out
(10:03 am) Mitch King:we should get more of
those, especially last half an hour lot of
short covering should occur
(10:03 am) Qwert :yeah i want to see it make
a higher high
(11:02 am) Qwert :Thx for CAR Mitch
(11:17 am) Mitch King:did i buy you a car?
(11:19 am) Qwert :yeah a matchbox car 🙂
(11:19 am) Mitch King:funny
(11:31 am) Mitch King:interesting how small
it looks on a CL chart today the bounce from
90.86 to 91.23, almost 40 ticks and it is
only a blip on the chart
(11:45 am) Mitch King:bummer, we missed NOV
bounce
(11:55 am) JoeyTSA :Thanks
Mitch,Qwert,Regatta,traders
(11:55 am) Qwert :cya Joey
(11:55 am) JoeyTSA :have a great day, see yo
tomorrow
(12:01 pm) Mitch King:see you jo
(12:03 pm) Mitch King:we missed another good
one, LLL
(12:07 pm) Qwert :Gonna shut it down see you
all in the am, thx for the great calls
everyone
(12:09 pm) Mitch King:later qwert
(12:10 pm) Mitch King:save some money for us
(12:10 pm) Mitch King:i mean we will leave
some money in the market for you tomorrow,
hehe
(12:11 pm) Qwert :thx i appreciate that
(12:23 pm) skydiver :Just here for a couple
of minutes — went long on LLL when you
mentioned it mitch – it looked like it was
going up to me . . . seems to be working so
far – so thanks for mentioning LLL 🙂
(12:23 pm) skydiver :LLL looking weakish
now
(12:24 pm) skydiver :all out of LLL as time
is short for me
(12:28 pm) skydiver :Okay – now out of time
. . . sorry to have been so “brief” – see you
in the morning
(12:28 pm) Mitch King:later sky, hey sky, i
need to email you about trees
(12:28 pm) Mitch King:look for my email
(12:29 pm) skydiver :okay – thanks 🙂
(12:29 pm) skydiver :have great rest of the
day Mitch 🙂
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