(05:27 am) JoeyTSA :early gap down: AMZN,FUEL
MA,MAT
(05:28 am) JoeyTSA :early gap up:
GOOG,ENTA,SPXU,CMG
(05:29 am) JoeyTSA
:some etfs i have up: VXX,UVXY,XIV
(06:18
am) Mitch’s Assist. :January 31, 2014, Friday
Pre Market UP: ABBV, PFPT, VIIX,
NUGT, JDSU, GOOG, CMG, CTXS, WYNN,
NOV, MTW Pre Market DOWN: MA,
AMZN, NFLX, BIDU, ARMH, C, MDVN, GILD,
BA, CYTR, XIV, ICPT, SSYS, MAT, SMPT, DDD,
FUEL, AAPL, HAS, EFII, XOM,
(06:19
am) Mitch King:should get small bounce in
/NG
(06:30 am) Mitch King:monitoring
ITMN
(06:32 am) Mitch King:watching CVX
for bottom to buy
(06:33 am) Mitch
King:CSC should trend up
(06:33 am)
JoeyTSA :eye on DDD
(06:34 am) Mitch
King:expecting more upside on SPG
(06:34
am) JoeyTSA :eye on KSS
(06:34 am) Mitch
King:expecting decent bounce in /NG
(06:35
am) Mitch King:watching CTCT for short on top
of bounce, take time
(06:35 am) JoeyTSA
:eye on CSIQ
(06:36 am) Mitch
King:watching TUES for top to short
(06:36
am) Mitch King:watching GMCR for top to
short, take time,
(06:37 am) Mitch
King:watching MA for bottom
(06:38 am)
Mitch King:watching JDSU for bottom to
buy
(06:39 am) Mitch King:watching ARG for
bottom to buy
(06:40 am) JoeyTSA :tighten
MA if short
(06:41 am) Murano :watching
ARAY
(06:41 am) JoeyTSA :eye on
ALXN
(06:43 am) Mitch King:watching DNKN
for bottom
(06:46 am) Mitch King:watching
TXTR for bottom, little more downside
first
(06:46 am) Mitch King:long NG
4.872 ng 3-14
(06:46 am)
JoeyTSA :watching NFLX
(06:47 am) Mitch
King:lookng for 30-40 ticks
(06:51 am)
Mitch King:BWLD strong
(06:54 am) Mitch
King:TSLA strong, prob more upside when
market turns up
(06:55 am) Mitch
King:watching N for bottom
(06:55 am)
JoeyTSA :UofM coming out
(06:59 am)
JoeyTSA :dont forget about PRAN from
yesterday
(07:02 am) Mitch King:new high
on CSC
(07:03 am) Mitch King:trend change
in /NG
(07:08 am) Mitch King:for
long
(07:08 am) Mitch King:another good
entry point on /NG on next bottom
(07:13
am) Mitch King:consider reducing MA if
long
(07:14 am) JoeyTSA :/NQ testing 3500
again
(07:19 am) Murano :watching
BBY
(07:22 am) Mitch King:RXN moving
up
(07:22 am) JoeyTSA :watching
TRIP
(07:26 am) JoeyTSA :watching DOW, see
if it has more upside
(07:48 am) Qwert
:monitoring YHOO
(08:09 am) JoeyTSA :/ES
testing 1780
(08:20 am) JoeyTSA :eye on
PRAN again
(08:36 am) Murano :watching
LIFE
(08:37 am) Murano :sorry forget
LIFE
(08:38 am) Mitch’s Assist. :rebound
in /NG futures is weakening
(09:10 am)
Qwert :monitoring SLCA
(09:23 am) Qwert
:monitoring TXTR
(10:27 am) Murano
:watching NEM
(10:37 am) Murano :watching
FEYE
(10:46 am) JoeyTSA :VNDA vol
spike
(10:51 am) JoeyTSA :indices on
move
(10:56 am) JoeyTSA :tightn VNDA if
long
(11:15 am) Mitch King:Vanda
Pharmaceuticals to host conference call
Conference call to discuss the FDA approval
of Hetlioz (Tasimelteon) for treatment of
Non-24-Hour Sleep-Wake Disorder will be held
on February 3 at 10 am
(11:19 am) Murano
:watching PANW
| (05:20 am) JoeyTSA :good morning Qwert,
dmitry,doji,elec,regatta
(05:21 am)
JoeyTSA :few reports out in8min, then chicago
pmi @ 6;45,UofM @ 6:55 pdt
(05:27 am)
Qwert :Good morning Joey,
everybody
(05:31 am) skydiver :gm
all and thnx for gappers etc
(05:32 am)
JoeyTSA :markets feel heavy to me, early gut
feel
(05:34 am) skydiver :reading
this morning futures are down
(05:35 am)
doji :Goo day
(05:37 am) doji
:The highest O.I. in AMZN weekly puts are at
$370. IF AMZN doesn;t rebound above that
level, MM will be forced to short AMZN via
commons to “delta” hedge the puts they
sold….
(05:38 am) doji :So keep
that level in your notes…courtesy of
Doji
(05:39 am) doji :$359/$360
could offer some support due to the 100dMA
and also heavy weekly puts…
(05:43 am)
JoeyTSA :thx doji
(05:44 am) JoeyTSA :yeah
sky, i saw a tweet from 3hrs ago saying
there were a bunch of sell stops @
1764, sure enough it got taken
out
(05:45 am) doji :STocktwits
Joey?
(05:45 am) JoeyTSA :no
mrtopstep
(05:45 am) skydiver :thnx
joey and thnx doji – /CL moving up
(05:45
am) JoeyTSA :i get it on my fb feed
(05:46
am) skydiver :CL target just filled
. . . off to a good start 🙂
(05:46
am) JoeyTSA :you should add them , they have
a decnt article that just got put up
also
(05:49 am) skydiver :just added
that joey . . . looks interesting
(05:50
am) JoeyTSA :thats where that 3’s,7’s,0s
thing comes from
(05:50 am) skydiver
:ok – gotcha
(05:53 am) JoeyTSA :MA ok
bounce
(05:54 am) doji
:mrstopsetNice article Joey… I got that
site on my linkx…
(05:54 am) doji
:favorite links
(05:55 am) JoeyTSA :yeah,
they can get a bit technical but good
stuff
(05:58 am) JoeyTSA :this 1764 level
seeing some action, def on watch
(05:59
am) JoeyTSA :wouldnt surprise me to see a
bounce up to 1770, then selloff into the
close
(06:01 am) skydiver :/CL
moving around this morning
(06:03 am)
skydiver :too funny — I was zoomed in
on CL and made chart like it was moving like
crazy — wake up sky!
(06:03 am) JoeyTSA
:hahaha
(06:06 am) JoeyTSA :sky: it has
made higher lows since touching S2
(06:07
am) JoeyTSA :my S2 is 97.24
(06:07 am)
skydiver :gotcha joey – thnx
(06:09
am) skydiver :MA – as you said joey –
nice upward move
(06:09 am) JoeyTSA
::)
(06:10 am) Murano :good
morning
(06:14 am) JoeyTSA :im assuming MA
dropped on earnings?
(06:15 am)
skydiver :yes
(06:16 am)
skydiver :MA reported Q4 EPS 57c vs 60c
consensus
(06:16 am) JoeyTSA :will have to
find the report and read it
(06:17 am)
JoeyTSA :they just did a 10:1 split
too
(06:17 am) JoeyTSA :or someting like
that
(06:22 am) skydiver :thnx
Mitch
(06:24 am) JoeyTSA :thx
Mitch
(06:25 am) doji :Dang…. AMZN
alreday moved above that $380 in the
pre-market… and I don;t trade in PM… will
need to change my strategy
(06:25 am)
JoeyTSA :yeah, big jump
(06:26 am)
doji :MA did s plit today?
(06:26
am) JoeyTSA :no
(06:26 am) doji
:Reported lower earning
(06:27 am) JoeyTSA
:cant remember when they split, but pretty
sure it was 10:1
(06:29 am) JoeyTSA :doji:
safer to not trade pre-market even if you do
miss moves
(06:29 am) doji :ZNGA on
my radar if approaches $4…
(06:29 am)
JoeyTSA :i think ZNGA beat by a penny
?
(06:31 am) doji :AMZN
long
(06:32 am) doji :@ 370….
lol
(06:34 am) JoeyTSA :watchin UVXY sell
off
(06:34 am) doji :Out AMZN at
375…
(06:37 am) JoeyTSA :nice trade
doji
(06:39 am) doji :ZNGA
strong….
(06:41 am) doji :Run ZNGA
run
(06:44 am) JoeyTSA :crazy vol on
ZNGA, some huge orders on the book
too
(06:48 am) doji :FB crazy
today….strong buy vs. market…
(06:50
am) Murano :covered 3/4 ARAY
(06:50 am)
doji :Joey crazzy buying in the
/ES….
(06:51 am) JoeyTSA :yeah
doji
(06:51 am) doji :Bulls not
giving up… lol
(06:52 am) JoeyTSA :see
what happens midday into close
(06:52 am)
JoeyTSA :TSLA strong too
(06:54 am)
JoeyTSA :figured /ES would get back to
1770
(06:54 am) doji :Market already
pulled back Mitch… you mean moving
hingher
(06:55 am) JoeyTSA :CMG a
monster
(06:56 am) JoeyTSA :ACT testing
$190
(06:58 am) JoeyTSA :ZNGA with the
return trip 🙂
(06:59 am) JoeyTSA
:eye on FUEL $60 level
(06:59 am) Murano
:stopped last 1/4 ARAY
(06:59 am)
doji :Watching ZNGA
(07:00 am)
skydiver :thnx for reminder on PRAN
joey
(07:00 am) JoeyTSA :had decent move
so far
(07:01 am) doji :PRA not
available at TD Ameritrade for
short
(07:02 am) JoeyTSA :dont think
lightspeed has shorts eithe, but im
looking for more upside
(07:02 am)
skydiver :non at Lightspeed – just
checked – ok – watching for upside
🙂
(07:03 am) skydiver :not sure
why, but missed LNKD again today . . . got to
keep better eye on it 🙂
(07:03 am)
doji :SPY making higher highs and
higher lows…so far
(07:04 am) JoeyTSA
:PRAN will pullback eventually, but def not a
train you want to step in front of
(07:04
am) freitag8 :Trend change in /CL
too
(07:05 am) Murano :had my stop to
tight on ARAY
(07:06 am) doji :ZNGA
long at 4.30
(07:06 am) doji :4.20
sorry
(07:07 am) JoeyTSA :better to have a
stop than to lose profits Murano
(07:08
am) Murano :your right
(07:08 am)
skydiver :ipo – SNOW – now open — fun
name
(07:09 am) JoeyTSA :MA great
bounce
(07:10 am) doji :so far bull
buying the pullbacks in SPY…clear trendline
support…
(07:13 am) JoeyTSA :/ES
fighting here
(07:16 am) JoeyTSA :1774 def
watch area on /ES
(07:17 am) JoeyTSA :GOOG
huge move to off that bottom
(07:26 am)
JoeyTSA :break time, back in 20..great
calls
(07:26 am) skydiver :enjoy
joey
(07:26 am) freitag8 :c ya in a
while Joey
(07:28 am) skydiver :SPY
heading south again
(07:44 am) Murano :I
am short BBY from 23.51 with at thight stop
at 23.59
(07:45 am) freitag8 :/NG a
50% Fib Retracement from last leg
down
(07:49 am) Mitch King:pretty good
rout in /NG, should see some strong move up
when downtrend is over
(07:50 am)
doji :Ouch… that quick rebound git my
stop in the SPY short
(07:51 am)
freitag8 :/NG approaching 50%
Retracement on this last leg down
again
(07:51 am) doji :Any news on
the market for that pullback in the
SPY?
(07:54 am) JoeyTSA :i see i missed a
few quick moves
(07:55 am) freitag8
:/CL stair stepping up towards $98
(07:55
am) Murano :covered BBY at break
even
(07:56 am) JoeyTSA :TSLA trying to
breakout
(07:57 am) freitag8 :I am
soooo mad at myself… I shorted /NG at 4.908
this morning and and got out at 4.881…
Right now I would be up $1600 if I had just
been patient
(07:58 am) JoeyTSA :easy to
see in hindsight
(07:58 am) skydiver
:yes – hindsight is so very very
clear
(07:59 am) freitag8 :ya, I
know… that last move down helped tho…
took home $608
(07:59 am) JoeyTSA :any one
of those 40t bounces would have stopped
me
(08:00 am) freitag8 :it’s been
sooo crazy
(08:00 am) freitag8
:feast or famine… sometimes both in the
same 1 minute!
(08:00 am) freitag8
:I guess I “Can” do range charts with
Interactive Brokers
(08:00 am)
freitag8 :The range charts have
helped
(08:03 am) freitag8 :I’m a
buyer of /CL at 97.72 for a move to
98
(08:06 am) JoeyTSA :watching
QIHU
(08:06 am) doji :big long green
candles vs. small red ones on the
market….
(08:07 am) freitag8 :This
Volatility has not helped my Feb SPX Bull Put
Spreads
(08:08 am) doji :This is not
helping my VIX shorts…
(08:08 am)
JoeyTSA :havent done a bps in a long time,
but usually work much better in bull
markets/stocks
(08:10 am) freitag8
:I created a strategy known as the 5-5-5 Plan
that uses BPS for 5% in 5 Days… Last year
one of my followers turned $125,000 into
$200,000 with it
(08:10 am) JoeyTSA
:nice, last time i did a bps was before
they had weeklys
(08:11 am) freitag8
:I use exclusively the weeklies and the
SPXPM
(08:14 am) JoeyTSA :/CL back over 98
for the moment
(08:15 am) freitag8
:I missed it… was looking for a bigger
pullback to get in
(08:15 am) JoeyTSA :i
didnt get it either
(08:16 am)
freitag8 :What a nice pop we
missed!
(08:16 am) freitag8 :/CL
just blew thru both my trade channels I had
on the 1 min
(08:17 am) JoeyTSA :i hve pp
@ 98.17
(08:17 am) freitag8 :I have
it at 98.05
(08:18 am) freitag8 :and
it’s sportin a green candle for the day on
the daiy chart
(08:18 am) JoeyTSA :dont
think i have ever looked at a daily chart for
oil
(08:19 am) freitag8 :it helps me
get a feel for the ‘expected’ direction for
the day
(08:20 am) JoeyTSA :thats what
makes trading so interesting, everyone has
their “thing”
(08:21 am) JoeyTSA :ntohing
pressing on PRAN
(08:22 am) freitag8
:/NG is quietly moving upwards
(08:28 am)
doji :Hey fellas, when is Ed going to
come back to the room?
(08:30 am)
freitag8 :CL in a nice
pullback
(08:33 am) freitag8 :CL has
returned to right wher it was before that
last spike above 98
(08:34 am) JoeyTSA
:yeah, touched my S1
(08:34 am) JoeyTSA
:no clue doji
(08:37 am) JoeyTSA :weird
chart Murano, looked like big vol spike
though
(08:39 am) doji :AMZN still
holding $365….
(08:39 am) JoeyTSA :QIHU
inching towards $100 slowly
(08:40 am)
freitag8 :I’m not in /NG, but I 100%
miss read that last move… thought it was
headed down
(08:43 am) JoeyTSA :i got a
trend xover around 8am pdt
(08:43 am)
freitag8 :on /NG, Joey?
(08:43 am)
JoeyTSA :yeah
(08:44 am) JoeyTSA :from neg
to pos
(08:44 am) doji :How do you
check a trend crossover Joey?
(08:44 am)
JoeyTSA :price and 20ma @ 7:58, 50ma @
8:01
(08:45 am) JoeyTSA :basically if
price is above/below ma’s…
(08:45 am)
doji :ah ok.. I use the 8 and 21
EMA
(08:45 am) JoeyTSA :strongest bull
woul have the 20 abov the 50 which are both
above the 200
(08:46 am) JoeyTSA :looks
like trend change is happening to the
downside now though….too crazy for me
haha
(08:46 am) doji :on
/NG?
(08:47 am) JoeyTSA :and on /NG i am
using lbar 242
(08:47 am) JoeyTSA :yeah
doji, /NG i am talking about
(08:48 am)
JoeyTSA :thats why talking trend can be
confusing
(08:59 am) JoeyTSA :see if top
of the hour gives a boost
(09:02 am)
JoeyTSA :quick jump there
(09:04 am)
freitag8 :/NG very heavy but I can see
the green zone on Mitch’s chart… makes me
not want to short it
(09:05 am) doji
:Missed APPL/rebound….
(09:07 am) Murano
:NFLX at 410
(09:07 am) freitag8
:/CL at my PP… been riding up the 20 bar MA
on the 1 min the last 30 minutes
(09:09
am) freitag8 :/NG closing in on 38%
retracement from last bottom
(09:11 am)
freitag8 :I’m reducing from 2 long /NG
to 1 here
(09:11 am) doji :Watching
APPL near $500….missed that slow
pullback… my bias was on the short side and
forgot to reset it….
(09:12 am)
freitag8 :all out /NG
(09:22 am)
Mitch’s Assist. :NG should head down a little
here
(09:29 am) JoeyTSA :has anyone
gotten/read Cramer’s latest book?
(09:30
am) Mitch’s Assist. :no, he sent me his last
book signed, said TradeStocksAmerica
rocks
(09:31 am) Mitch’s Assist. :can you
believe /NG dropped 750 ticks in last 2
days?
(09:31 am) Mitch’s Assist. :it acted
like a bullshort on the daily chart
(09:31
am) JoeyTSA :did he really?
(09:31 am)
Mitch’s Assist. :yeah he did,
(09:32 am)
JoeyTSA :real cool
(09:32 am) JoeyTSA :i
liked “mad money” moreso than
(09:32 am)
JoeyTSA :”real money”
(09:32 am)
doji :AMZN dropping
(09:32 am)
Mitch’s Assist. :i cant seem to get on his
show but he only talks to CEOs of public
companies
(09:33 am) Mitch’s Assist. :good
call on TXTR qwert
(09:33 am) JoeyTSA
:right, i like his interviews
(09:33
am) Mitch’s Assist. :i don’t know how he has
energy to do what he does,
(09:33 am)
JoeyTSA :esp considering how long his day
is
(09:34 am) Mitch’s Assist. :its really
tough creating that much content and have it
be profitable for online publicaly traded
company
(09:35 am) JoeyTSA :if i heard it
right, he had the ceo of REGN on when the
stock was $5
(09:35 am) Mitch’s Assist.
:Regeneron?
(09:35 am) JoeyTSA
:yeah
(09:35 am) Mitch’s Assist. :well he
nailed that CHTR, charter communications, he
was pounding the table on that several years
ago
(09:35 am) Qwert :Does this happen to
you guys, I tried to short TXTR at the bid
price of 33.90 my order highlights in
lightspeed but does not fill, then a few
seconds later fills but not me
(09:36 am)
JoeyTSA :he has had some monster winners but
a ton of poor calls also
(09:36 am)
freitag8 :I think he got his poor calls
from me…
(09:36 am) Mitch’s Assist.
:what do you mean fills but not for you
qwert
(09:37 am) regatta
:BSMX
(09:37 am) Qwert :i see it fill
seconds later in the time and sales
(09:37
am) Mitch’s Assist. :well what Jim does is
mentions a lot of stocks “off the cuff” on
the incoming phone calls, not real
analysis. i think his biggest weakness
is he has not mastered or has strong
technical analysis skills on charts,
primarily fundamentals
(09:37 am) Mitch’s
Assist. :you can have the greatest company
but just buy it at the wrong time,
(09:38
am) Mitch’s Assist. :qwert, doesnt mean it
was a sell at that price though
(09:38 am)
Mitch’s Assist. :you are assuming because
there is a print there at that price that it
was a sell, plus others are in line before
you
(09:38 am) JoeyTSA :qwert: i have had
missed entries, didnt study enough on why or
what else happened though
(09:39 am) Qwert
:so like right now shares available to short
at 32.52
(09:39 am) doji :Dang
missed two strong moves today FB and
APPL….
(09:40 am) Mitch’s Assist. :/NG
sure is psycho
(09:40 am) Qwert
:32.60
(09:41 am) Mitch’s Assist. :so many
bigger players working /NG, so many different
forces pulling and pushing on NG
(09:41
am) freitag8 :U had to have had a
monster day yesterday in /NG Mitch
(09:41
am) Mitch’s Assist. :yeah, yesterday was
excellent, im too tired to pay attention
today
(09:42 am) freitag8 :did u
only do 1 contract over night in /NG or
multiple?
(09:42 am) Murano :great call on
TXTR Qwert
(09:42 am) Qwert :Did you get
shares Murano
(09:43 am) Mitch’s Assist.
:yeah frei, only 1 contract held overnight
but traded up to 3-4 that afternoon, gave
60-70 tick moves, couldnt help but take those
profits
(09:44 am) freitag8 :You did
good! I’m only trading 1 contract with how
crazy it’s been this week
(09:44 am)
freitag8 :occationally I add in a
2nd… but only entry with one
(09:45 am)
Qwert :gonna reboot the room back in a
minute
(09:45 am) freitag8 :NG has a
61% Retracement of the big drop from 8:40 PST
to 9AM
(09:48 am) Murano :yes Qwert short
TXTR from 33.79
(09:48 am) Qwert :keep
getting a Page(s) Unresposive
message
(09:48 am) JoeyTSA :you got that
the other day also right
(09:50 am) Qwert
:yes
(09:53 am) Murano :PWR volume
spike
(09:53 am) Qwert :got to figure it
out back later
(10:04 am) JoeyTSA :WYNN
having a nice day
(10:04 am) regatta
:watching BALT, low price
(10:08 am)
JoeyTSA :lunch tme,see you in
awhile
(10:08 am) skydiver :see ya
joey
(10:12 am) freitag8 :looking
for a bounce here in /CL
(10:16 am)
doji :/CL didn’t look back the shole
day Freitag
(10:20 am) freitag8 :ur
sure rite
(10:21 am) freitag8 :oddle
enuf it’s got a very narrow Doji candle on
the Daily chart
(10:24 am) freitag8
:nice volume spike on /CL just now
(10:28
am) freitag8 :still looking for another
15 ticks in /CL
(10:31 am) freitag8
:Entering the last hour of Pit Trading on /NG
& /CL
(10:31 am) freitag8
:tightening stop loss on /CL
(10:33 am)
freitag8 :/NG has regained the entire
down move from this morning at 8:30
PST
(10:34 am) JoeyTSA :nice trade there
freitag
(10:34 am) freitag8
:Thanks
(10:35 am) JoeyTSA :nice bounce on
/NG
(10:35 am) freitag8 :I want
98.30 on /CL
(10:36 am) JoeyTSA :forgot
all abut FEYE, saw it earlier and let it
go
(10:37 am) JoeyTSA :meant to have that
$70 breakout order ready
(10:37 am)
freitag8 :/CL hit my stop loss but
didn’t go yet
(10:39 am) freitag8
:do ur hands still sweat when your in a
trade?
(10:39 am) JoeyTSA :haha
(10:40
am) freitag8 :I shouldn’t but I’m
taking the profit in /CL at 98.24
(10:40
am) freitag8 :I’m out
(10:40 am)
freitag8 :a nice 20 tick move
(10:40
am) freitag8 :I knew that was gonna
happen
(10:41 am) JoeyTSA :definately that
trading affects the senses
(10:41 am)
freitag8 :as soon as I get out it hits
98.30
(10:41 am) JoeyTSA :they were
waiting for you to exit 🙂
(10:41 am)
freitag8 :I know!
(10:42 am)
freitag8 :my whole 1
contract!
(10:42 am) JoeyTSA ::)
(10:42
am) freitag8 :that helped tho… made
back some of the earlier loss in /CL from the
open when I thought it would go
down
(10:43 am) freitag8 :OMG, /NG
is on a mission to Mars!
(10:43 am)
JoeyTSA :yeah its acting wild again
(10:44
am) freitag8 :I would have never
guessed this move
(10:44 am) JoeyTSA :ryfo
if on the wrong side
(10:45 am)
freitag8 :and the Pit is not respecting
my Thunder Sell at all… whats the matter
with them guys?
(10:45 am) JoeyTSA :one
reason i like /ES is that you wont get caught
in a 50t move in the blink of a eye
(10:46
am) doji :VNDA tooooooooo
qucik
(10:49 am) JoeyTSA :AAPL bak
over$500
(10:50 am) freitag8 :I have
seen a buig move right on the open and just
after the close on /ES… I try to avoid
those times
(10:50 am) JoeyTSA :news will
do that also
(10:52 am) doji :Even
APPL run today…..
(10:54 am)
freitag8 :got IN at the right time but
got out too early on /CL move up and then
back down… Joey… will you slap my hands
when I press the close button too early from
now on?
(10:55 am) JoeyTSA ::)
(10:55
am) freitag8 :and /NG is STILL going
higher
(10:55 am) JoeyTSA :i have my own
set of “slap hand” here for me
(10:56 am)
freitag8 :lol… I need to get a set of
those
(10:56 am) JoeyTSA :unfortunately we
trade in the here and now
(10:57 am)
JoeyTSA :that /NG pullback gave a 60t
bounce
(10:57 am) freitag8 :You and
I do… but /NG is in a world all by
itself!
(10:58 am) skydiver :have a
meeting to get to . . . thnx for everything
again! 🙂 Crazy day . . but ended
in the green 🙂 Have great
week-end and see you Monday
(10:58 am)
JoeyTSA :bye sky,have a great
weekend
(10:59 am) Mitch King:you dont
want to short on big vol increase like this
yet, and price is climbing, you just hold if
long and gradually move out
(10:59 am)
Mitch King:toppy here
(10:59 am) JoeyTSA
:/CL back into 98
(10:59 am) Mitch
King:good one Joey, fortune cookies for
you
(10:59 am) JoeyTSA ::)
(10:59 am)
JoeyTSA :i just read my fortune..
(11:00
am) Mitch King:you got that posted about 2
sec before i did. what time did you see
it
(11:00 am) JoeyTSA :says “smart man buy
wife grand piano for birthday..wise man give
wife large organ ” 🙂
(11:00 am)
Mitch King:i saw VNDA at 10:48:34 am pacific
time
(11:01 am) JoeyTSA :my 1st VNDA hit
was 10:45:27pdt
(11:02 am) Mitch
King:ok i dont have that earlier, i
found one at 10:47:51,
(11:03 am) Mitch
King:we should see a tradable bounce on this
bottom
(11:03 am) JoeyTSA :it hit all 4 of
my main scanners
(11:03 am) JoeyTSA :at
sam time
(11:04 am) Mitch King:you must
have sensitive settings, get a lot of
hits
(11:04 am) Mitch King:i better make
one that i get tons of hits then
(11:04
am) JoeyTSA :vol and price spike
sensitive
(11:05 am) doji :20c
spread in VNDA…
(11:05 am) JoeyTSA
:another quick top of the hour
spike
(11:08 am) doji :Micth how big
is your stop order in stocks like VNDA when
there is 20c spread…that is like 1.5%
difference for a 14 stock
(11:09 am)
Murano :covered 3/4 FEYE
(11:09 am) Mitch
King:the lower the price of the stock the
bigger the stop has to be
(11:09 am) Mitch
King:bigger %, always use %
(11:10 am)
Murano :out 3/4 NEM
(11:13 am) Qwert
:Looks like i missed some good ones but got
issues fixed 🙂
(11:14 am) Qwert
:also for lightspeed users if u see CB in the
little box on level 2 it means you can only
short on an uptick
(11:14 am) Mitch
King:was VNDA a buyout rumor, looks
like it on teh chart
(11:14 am)
freitag8 :entering last 15 minutes of
Pit trading… be careful
(11:14 am)
JoeyTSA :no clue Mitch
(11:14 am) Murano
:looking for close to 22 on last 1/4
NEM
(11:16 am) Murano :stop last 1/4 NEM
24.60
(11:16 am) freitag8 :now if I
had shorted /CL at the close rather than the
morning….
(11:16 am) Murano
:21.60
(11:17 am) Murano :my typing is
terrible
(11:17 am) freitag8 :sew es
myne
(11:18 am) regatta :typing
terrible but your trading is great, nice
trade-off
(11:18 am) Murano :stopped last
1/4 NEM
(11:18 am) freitag8
:Thanks
(11:21 am) regatta :watching
SZYM
(11:23 am) Murano :covered last 1/4
FEYE
(11:24 am) doji :APPL negative
divergence on this high
(11:28 am) Murano
:if you took PANW long I would sell some
here I missed the
trade
(11:37 am) JoeyTSA
:FB,BIIB,QIHU,NQ,ACT are top stocks on IBD’s
Leaders With Rising Estimates
screen
(11:45 am) doji :Hey Joey how
would you trade a stock that is moving in
straight line like FB with no significant
pullback?
(11:46 am) JoeyTSA :if its
something i want i would jst buy it
(11:46
am) JoeyTSA :again, depends on your trade
timeframe
(11:48 am) doji :I think
bears lost their chances to push for a
significant correction in the SPY this
month… If market opens above 1800 on Monday
then we probably see new highs in the markets
… this market has not given anything
significant back yet
(11:48 am) Murano
:forgot to watch BA today, it filled the gap
from late October and bounced over
$3
(11:48 am) doji :Now you tell
Murano… lol
(11:49 am) Murano :we talked
about it yesterday doji
(11:49 am) JoeyTSA
:dont forget doji, people are always scared
to buy at alltime highs
(11:49 am)
doji :I had it in my list … forgot
competely…
(11:50 am) doji :Josy,
it means… what?
(11:50 am) JoeyTSA :you
asked about pullback, some just
run
(11:50 am) JoeyTSA :again, what
timeframe are you talking about
(11:51 am)
JoeyTSA :trading it today, or swing, int,
core ?
(11:51 am) doji :If you see
the SPY all pulbacks have been bought…. we
are still in “buy-the-dip” mode
(11:52 am)
doji :I was looking for a decent
pullback in FB to start a swing but didn’t
see any….it kept moving higher…
(11:52
am) JoeyTSA :the FB pullback came a few days
ago
(11:53 am) doji :and I like to
swing when I bought lower enough so any
pullback next day don’t kill me…
(11:53
am) JoeyTSA :when it held the 50ma.on a
daily
(11:53 am) doji :Yes but that
was before ER… and I don;t like holding
stocks around those times
(11:54 am)
JoeyTSA :best guess would be to but when
indis tell you its oversold
(11:54 am)
JoeyTSA :buy not but
(11:55 am) doji
:No worries Joey, I;ll have to figure out…
I still have another 20 years to learn before
retirement hit….. lol
(11:55 am) JoeyTSA
:haha
(11:55 am) JoeyTSA :you can always
play it with calls
(11:56 am) JoeyTSA
:maybe go 2-3 months past your target, 0-80
delta?
(11:57 am) doji :I like 2-3
weeks holding period in my swings… nothins
longer than that… no problem,
thanks
(11:58 am) JoeyTSA :gotya, i
still think FB is a good one to
follow
(11:58 am) JoeyTSA :here’s your FB
pllback 🙂
(12:00 pm) JoeyTSA :for swings
under 2 weeks, technical analysis should be
enough…
(12:00 pm) JoeyTSA :for longer
you might want to start with hottest
sectors, then drill down from there to best
stocks in those sectors ?
(12:01 pm)
doji :2-3 weeks based on technical….
that is
(12:02 pm) doji :Had the
best profits when I did that
before….
(12:02 pm) doji :I need
to accomodate my trdaing style with my job’s
duties….
(12:02 pm) JoeyTSA :makes
sense
(12:03 pm) JoeyTSA :thats why i
mentioned calls, less money at risk
(12:04
pm) JoeyTSA :on FB, if you buy here at
$63…
(12:04 pm) JoeyTSA :i can see $7
up, $3 down ?
(12:05 pm) JoeyTSA :looks
like bullish engulfing on daily
forming
(12:05 pm) JoeyTSA :if it gets to
$65, trail stop to $63…somethin like
that
(12:07 pm) JoeyTSA :can also scale
in, max 1000, buy 300 to start, then
look to add if you do get a pullback//so many
ways to trade that its hard to say “do this
or do that”
(12:07 pm) regatta
:watching ITMN fall
(12:07 pm) doji
:I agree
(12:07 pm) JoeyTSA :too many
people add to losing trades, when they should
do the opposite
(12:08 pm) JoeyTSA :they
get caught up in that “avg down” crap spewed
pundits
(12:08 pm) doji :I never
average down… lol
(12:09 pm) JoeyTSA
:but again, thats me talking..not tellng
anyone what to do
(12:10 pm) JoeyTSA :as
long as you know your pain threshold, and
have a plan
(12:11 pm) doji :Thanks
Joey…
(12:11 pm) doji
:AMZN
(12:11 pm) JoeyTSA :no prob, back in
a few
(12:28 pm) JoeyTSA :LNKD giving
decent pullback
(12:35 pm) JoeyTSA :i
think im calling it a week
(12:35 pm)
JoeyTSA :Thanks Mitch,Murano,Qwert,
traders
(12:36 pm) JoeyTSA :wish you all a
great weekend, see you monday.hopefully happy
that the Broncos win the SB
🙂
(12:38 pm) Murano :see you
Joey
(12:43 pm) Murano :done for the day,
have a good weekend, see you Monday
(12:44
pm) Mitch King:later murano
(12:48 pm)
doji :See ya in a few days fellas…
Next week I return to my usual daily
work.
(12:48 pm) doji :I’ll be
connecting sporadically… Good
Luck
(12:56 pm) Qwert :Going to In n Out
cya all on Monday, have a great
weekend
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