[06:14 am] Ed : good morning traders
[06:19 am] Kris : good morning traders
[06:20 am] Brent : good morning
[06:21 am] Kris : Today I’m watching PVX,
TTM, KGC, RCL, ADP, EAT, ELN and PFE for
possible longs
[06:21 am] Kris : VQ, CCJ, ANF and INFA on
the short side
[06:22 am] Kris : watch SKUL for some selling
if it breaks below support today, seeking
alpha article out on it yesterday
[06:27 am] Kris : 3 minutes, time to rock!
[06:30 am] Kris : MON long half
[06:30 am] Kris : RCL long half
[06:31 am] Kris : out half RCL long
[06:31 am] Kris : watching KGC for a long
[06:33 am] Kris : SPY holding the gap
[06:33 am] Kris : will watch ROVI for a short
below 30.00
[06:34 am] Kris : GS running
[06:34 am] Kris : JPM long half
[06:34 am] Kris : NFLX short half
[06:36 am] Kris : watching CHK for a long
[06:37 am] Kris : MCP long half
[06:38 am] Kris : watching FMCN for a
short
[06:39 am] Kris : I’ll be watching SNDK for a
pullback to take long
[06:39 am] Mitch K: watching KMT for top to
short
[06:40 am] Kris : out another 1/4 RCL long
[06:41 am] Kris : out half long JPM
[06:41 am] Mitch K: CY toppy, looking for
short
[06:42 am] Brent : watching EDU for a
bounce
[06:42 am] Kris : looking for new hod in
MON
[06:42 am] Mitch K: watch ADTN for a
bounce
[06:43 am] Kris : NFLX takeover chatter
[06:43 am] Kris : RCL moving up nicely,
resistance around 28.00
[06:44 am] Mitch K: MTB turning over, late to
see, watching for short around 81.30
[06:45 am] Kris : NFLX turning back over
[06:45 am] Kris : see if we can retest the
lod on NFLX
[06:45 am] Mitch K: CCL worth short
[06:46 am] Kris : watching NIHD for a long
[06:46 am] Mitch K: CCL = Carnival Cruise,
owner of Costa cruise line that sunk
[06:47 am] Kris : MCP moving up, looking for
new hod[06:47 am] Mitch K: watching for
bottom in BWLD, take your time
[06:47 am] Mitch K: watching for top in WFM,
for small short
[06:48 am] Brent : watching CTRP for a
bounce
[06:48 am] Kris : out all RCL long
[06:49 am] Kris : watching CNX for a long,
support around 33.50
[06:49 am] Mitch K: RRD bottom soon, worth
long
[06:50 am] Kris : RRD beauty chart
[06:51 am] Kris : KGC testing lod[06:54 am]
Kris : SHLD going private chatter
[06:54 am] Mitch K: CY turning lower
[06:54 am] Mitch K: WFM toppy
[06:56 am] Mitch K: FRC turned over, missed
top; monitoring for higher price to short
[06:56 am] Mitch K: MHK toppy
[06:58 am] Kris : ROVI short half
[06:58 am] Mitch K: consider covering CCL if
short
[06:58 am] Mitch K: monitor CCL for repeated
trades today
[06:58 am] Mitch K: watching CNX for bottom,
not in hurry
[06:59 am] Brent : consider reducing EDU if
long
[06:59 am] Kris : out half SHLD swing
trade
[07:00 am] Kris : SPY testing lod[07:00 am]
Mitch K: RRD = no bounce, dead, close if
long
[07:01 am] Kris : notice the decreasing
volume in RRD as it continued to sell off
[07:02 am] Kris : on a good reversal setup
you’ll be looking for a bounce as the volume
peaks
[07:02 am] Kris : right now it looks to be
flushing the stops
[07:03 am] Brent : GRPN moving
[07:05 am] Kris : watching for a long in
SNDK
[07:07 am] Mitch K: another CCL short here
[07:07 am] Mitch K: CNX bouncing
[07:10 am] Mitch K: looking for quick short
in TSL
[07:12 am] Mitch K: consider covering MHK if
short, watch for 2nd helping short later
[07:13 am] Brent : GRPN holding up here,
consider reducing if SHORT
[07:14 am] Mitch K: monitoring PTEN but looks
dead so far
[07:21 am] Mitch K: consider covering MTB if
short
[07:22 am] Kris : watch KGC for a short under
10.39
[07:22 am] Mitch K: consider covering TSL if
short
[07:22 am] Mitch K: DNDN bounce probably
over, consider selling if long
[07:23 am] Mitch K: SNDK bouncing
[07:24 am] Kris : out another 1/4 SHLD
swing
[07:26 am] Mitch K: those moves in BVSN are
real big, 2nd short
[07:27 am] Ed : nice one Kris
[07:27 am] Kris : out all SHLD
[07:30 am] Mitch K: SHLD toppy
[07:44 am] Mitch K: 2nd short helping here
with SHLD soon
[07:44 am] Mitch K: watching EVEP
[07:49 am] Mitch K: watching for bottom in
QCOR for long scalp
[07:50 am] Mitch K: if BVSN breaks below 21,
should drop more
[07:54 am] Kris : watching YOKU for a long,
support around 18.50
[07:55 am] Kris : SPY testing lod[07:57 am]
Mitch K: if SHLD drops below this 36.95 area,
should drop more, could accelerate down
[08:00 am] Mitch K: BVSN acting good short.
Good dog, sit, now rollover….. stay. good
dog
[08:00 am] Mitch K: BVSN could break below
$20, way it is acting
[08:07 am] Ed : RIMM take over chatter
[08:15 am] Mitch K: still decent short on top
of BVSN bounce though
[08:15 am] Mitch K: watching if BVSN fizzles
again on this little bounce, like MHK did
[08:31 am] Ed : reducing RIMM long
[08:46 am] Kris : slow day so far. spy
staying in a fairly tight range holding above
lod[08:49 am] Ed : watching RDC, not enough
money in trade yet
[08:51 am] Kris : apple samsung approaching
zagg for water repellent tech for phones
[08:51 am] Kris : zagg chatter
[09:20 am] Ed : out 1/4 RIMM
[09:31 am] Ed : out all RIMM
[09:51 am] Brent : SPY testing lod[09:54 am]
Brent : watching MAKO for a bounce
[09:58 am] Brent : consider reducing MAKO
[10:00 am] Brent : thx eddie, next target on
MAKO is 36.65 area
[10:14 am] Ed : RIMM hod[10:31 am] Ed : WPI
would like more selling
[10:40 am] Ed : reduce WPI
[10:42 am] Ed : out more WPI
[10:43 am] Ed : will trail last 1/4
[10:56 am] Brent : consider reducing RRC if
short, thx mhaus[12:09 pm] Ed : SPY lod[12:34
pm] Ed : WPI being defended at GS
[12:59 pm] Kris : everyone have a great
night. see you all tomorrow morning.
[01:00 pm] Ed : have a great night
[01:01 pm] Brent : have a great night, see
you in the morning
|
[06:18 am] skydiver : CCL took a hit on the
cruise ship disaster
[06:19 am] rusty : S&P AIMS TO RESOLVE
EUROZONE BANKS WITHIN NEXT 4 WEEKS
[06:26 am] rusty : S&P: TO REVIEW 35
LOCAL & REGIONAL GOVTS PLACED ON WATCH
[06:29 am] joeytsa : MNST and QCOR may be
players today
[06:29 am] mikewd2 -: just sold my SINA
swing, so it should move up more.
[06:30 am] rusty : BVSN radar
[06:30 am] rusty : WFM radar
[06:34 am] rusty : WFM breakout new highs
[06:35 am] joeytsa : yeah GS is a monster so
far
[06:36 am] shark : MNST up big
[06:36 am] shark : announced 2 for 1 split
last week
[06:36 am] joeytsa : on cnbc: bank earnings
messy
[06:37 am] shark : (formerly known as
HANS)
[06:37 am] mhaus : EDU
[06:37 am] apple : SINA still climbing
[06:38 am] rusty : GMCR Radar
[06:38 am] joeytsa : MNSt splits on 2/16
[06:38 am] shark : chinese stocks had a
great day in China
[06:39 am] mhaus : Chinese govt expected to
relax regulations
[06:40 am] joeytsa : trying to confirm:
China/UAE sign $35B yuan currency swap…not
sure how that affects the US$?
[06:40 am] mhaus : MHK
[06:41 am] mikewd2 -: BVSN
[06:41 am] joeytsa : seemed positive so far,
but the ES couldn’t get back to 1300
[06:41 am] doji : C approaching R at 30
[06:41 am] joeytsa : QCOR strong so far
[06:42 am] shark : QCOR answered tons of
questions of blog website accusations
[06:42 am] shark : DIA new hod[06:43 am]
skydiver : NFLX – take over chatter again
[06:43 am] joeytsa : NFLX pulled back nicely
then up
[06:44 am] rusty : GMCR hod[06:44 am] shark
: nothing like sinking ship to make some $,
thx Kris RCL
[06:44 am] joeytsa : eye on CRM for next
move..
[06:45 am] joeytsa : pushed above prev high,
pulled back to that area and held, slow climb
up
[06:45 am] joeytsa : yeah shark…who ever
makes the stuff that goes on the ship might
get some new orders
[06:45 am] shark : SINK that stock! CCL
[06:47 am] joeytsa : IBM toppy?
[06:47 am] mikewd2 -: rusty, ENER
[06:47 am] shark : CMG new lod[06:48 am]
shark : below the waterline
[06:49 am] sfarrill : CNX watching
[06:50 am] mikewd2 -: RRD 3 min fade
[06:50 am] apple : i hope they go to
zero!!!
[06:51 am] joeytsa : NFLX looking for a
higher low
[06:51 am] shark : NFLX offering FREE 1
month trial
[06:52 am] rusty :
http://www.businessinsider.com/verizon-stream
ing-video-2012-1
[06:52 am] joeytsa : sign of desperation?
[06:52 am] rusty : Verizon Is Taking The
First Steps Toward Launching Its
Netflix-Killer
[06:52 am] Kris : they offer that like 27
times a year
[06:52 am] joeytsa : BIDU making lower
highs
[06:52 am] rusty : SHLD radar
[06:53 am] rusty : GMCR new hod[06:53 am]
mhaus : DNDN
[06:57 am] joeytsa : watching GS at this
level
[06:57 am] shark : GMCR strong trend
today
[06:58 am] doji : CHK approaching lod[06:58
am] rusty : ENER difficult to borrow
[06:58 am] doji : Holding 21
[06:58 am] rusty : anyone find ENER
short?
[06:58 am] mikewd2 -: no tried rusty
[06:58 am] apple : nice on GMCR – didn’t get
it
[06:59 am] rusty : Desperation time: rumor
of PE interest in SHLD. Uh… it already is
owned by a hedge fund – Zerohedge[07:00 am]
joeytsa : SPY @ 1300.06, VIX 20.75
[07:00 am] mikewd2 -: stopped on RRD
[07:00 am] apple : me, too, now they owe big
time!
[07:01 am] doji : SPY lod[07:01 am] joeytsa
: DECK heading lower
[07:01 am] shark : CMG too
[07:01 am] apple : yes
[07:02 am] joeytsa : yeah kris[07:02 am]
apple : good, i will be watching
[07:02 am] rusty :
http://www.nasdaq.com/aspx/unusualvolume.aspx
BVSN tops list
[07:02 am] apple : last employer…
[07:02 am] joeytsa : lower vol on consol
might set up follow thru
[07:03 am] shark : GMCR
[07:04 am] shark : GRPN on 60 minutes
Sunday
[07:04 am] rusty : Nat gas stocks lod[07:05
am] joeytsa : this coming sunday?
[07:05 am] shark : 2 days ago
[07:05 am] shark : JVA following GMCR
[07:05 am] joeytsa : missed it..i remember
now
[07:07 am] mikewd2 -: wow SINA gave it
back
[07:07 am] joeytsa : sure did mike
[07:08 am] mikewd2 -: in CCL short
[07:10 am] rusty : STEV radar
[07:12 am] apple : missed that on SINA, good
one mike
[07:14 am] joeytsa : rusty: i get something
in the mail at least once a month on STEV
[07:14 am] joeytsa : had something to do
with it being approved in europe[07:16 am]
shark : SPY testing lod[07:16 am] joeytsa :
watching DECK
[07:16 am] joeytsa : STEV…they have
something to do with the natural sweetener
stevia
[07:17 am] mikewd2 -: adding to CCL short
[07:18 am] joeytsa : BIDU trending down
since the open
[07:19 am] joeytsa : AMZN hod but coming
into some res
[07:20 am] rusty : CHK lod[07:20 am] joeytsa
: multi-bottom on the ES @ lod[07:20 am]
shark : CHK trending nicely…down
[07:20 am] joeytsa : crude right at $100
[07:22 am] apple : nice call on GRPN
[07:22 am] lightning : it still is $1 over
Friday’s high (on oil)
[07:22 am] lightning : sorry, I am incorrect
on that.
[07:22 am] joeytsa : NFLX looking ok since
the push above prev high..needs to hold
here
[07:23 am] joeytsa : i think you correct
lightning..looks like it hit $101 on
friday[07:23 am] joeytsa : that was
overnight actually
[07:23 am] lightning : It was $100.18 on
Friday
[07:24 am] observer : MCP back above
resistance
[07:24 am] rusty : SHLD CNBC
[07:25 am] doji : WOW SHLD a runner today
[07:25 am] doji : 11% up
[07:25 am] apple : very nice on SHLD
[07:25 am] shark : good call, Kris -thx
SHLD
[07:26 am] shark : 5 min left, then it goes
private …
[07:26 am] joeytsa : CRM bouncing between
prev high area of 104.86, and the 105.40
area…looking for a break either way
[07:26 am] doji : SHLD 2 point in 1min
[07:27 am] shark : missed that CMG bottom,
vol so low
[07:27 am] lightning : all out SHLD
[07:27 am] apple : good job light
[07:27 am] joeytsa : nice lightning !!!
[07:28 am] doji : Did you swing SHLD
light?
[07:28 am] apple : good one K
[07:28 am] doji : RRD moving up
[07:28 am] apple : RRD turning
[07:28 am] shark : vol spike CCL
[07:30 am] lightning : no doji. I bot SHLD
this morning at 34.32 just after the open
[07:30 am] mikewd2 -: watching WFT
[07:30 am] doji : What triggered you to buy
it long?
[07:32 am] doji : I went short SLB for
instance when it broke the previous
lod….
[07:32 am] lightning : on the daily chart.
I had an alert set at 34.27, which was above
the candle body his on Thursday.
[07:32 am] rusty : KUTV alert
[07:33 am] joeytsa : nice alert setting
lightning
[07:33 am] lightning : I was willing to take
more above Friday’s high, but missed it with
the fast move
[07:33 am] apple : very good light
[07:33 am] rusty : keep in mind when all
these small caps start to pop….there is
often some irrational exuberance in the
market
[07:34 am] joeytsa : good point rusty…and
usually the crappy stocks are the last to go
up
[07:34 am] rusty : and when all the
highlighted shorted stocks are running as
well
[07:34 am] skydiver : thanks for the info
Rusty —
[07:34 am] mikewd2 -: WFT L 15.05
[07:34 am] mikewd2 -: may be a bit early
[07:34 am] joeytsa : GMCR consolidating a
bit
[07:35 am] rusty : sector rotation often
happens when things get irrational
[07:35 am] joeytsa : congress with 16%
approval rating
[07:36 am] rusty : why 16%?
[07:36 am] rusty : much too high
[07:36 am] mikewd2 -: seems high joey!
[07:36 am] joeytsa : yeah hah
[07:36 am] mikewd2 -: i would sell congress
short
[07:36 am] rusty : added to HGT long
swing
[07:36 am] joeytsa : honestly…who the heck
is actually thinking they are doing a good
job??
[07:36 am] rusty : the 16% who think they
are doing well are the lobbyists who put them
there
[07:37 am] joeytsa : rusty, agree with your
sector comment
[07:37 am] mikewd2 -: yep
[07:37 am] rusty : RVBD radar
[07:39 am] doji : WFT still weak Mike
[07:39 am] mikewd2 -: yeah
[07:39 am] mikewd2 -: seems to bounce off
15.05’ish over past few weeks
[07:39 am] mikewd2 -: not sure why services
are not doing well with 100 oil
[07:40 am] mikewd2 -: EDU
[07:40 am] mikewd2 -: big vol spike
[07:40 am] mikewd2 -: doji see how WFT
bounced off 15.00
[07:41 am] doji : See that but the selloff
has been done orderly….
[07:42 am] mikewd2 -: it’s a good trading
stock
[07:42 am] doji : I agree, I have traded WFT
several times….
[07:43 am] mikewd2 -: CCL lower highs, lower
lows
[07:43 am] rusty : CNBC = The SHLD Channel
today
[07:44 am] mikewd2 -: you still in your swing
rusty?
[07:44 am] joeytsa : not a big mover, but
watching for a break on YUM
[07:45 am] rusty : out of SHLD stock,
options only
[07:45 am] joeytsa : both QCOR,NFLX bounced
of prev high, watching for next setup
[07:45 am] rusty : CHTR radar
[07:47 am] doji : The SPY has managed to
hold because of the news from China,
otherwise with the disappointing news from C,
the SPY would have been deep in the red by
now
[07:49 am] doji : How is your trading Apple?
Managed to get back in green already?
[07:49 am] apple : no
[07:49 am] apple : and i have my lucky green
shirt on today!!!
[07:50 am] khall : I’m right there with ya
today
[07:53 am] doji : We are with you Apple….
hope the loses were minimum
[07:54 am] apple : they were, thx. but,
hey, it’s still early…
[07:55 am] apple : nice chart K
[07:55 am] doji : ROVI
[07:55 am] doji : BVSN
[07:57 am] rusty : SHLD bonds not reacting
like the stock
[07:58 am] rusty : BVSN come to papa
[08:00 am] doji : Thanks for BVSN Mitch
[08:03 am] rusty : SHLD 100th mention
CNBC…
[08:03 am] rusty : no mention when it was at
low
[08:03 am] rusty : except to advise shorting
it
[08:03 am] Kris : First In Business….
[08:03 am] Kris : Worldwide
[08:03 am] lightning : lol, it just beat the
pets.com record of 97 mentions in one morning
(March 2000)
[08:04 am] apple : listen to them, they know
what they’re talking about…. lol[08:04 am]
apple : nice call on WFT mike
[08:04 am] qwert : ccl working good
[08:05 am] apple : LULU lod[08:06 am] rusty
: CNBC explaining the January effect in mid
January[08:06 am] rusty : no mention in
December
[08:06 am] apple : maybe they just found out
and are reporting the “news”
[08:06 am] khall : likely so
[08:07 am] rusty : RIMM Alert
[08:08 am] joeytsa : rusty: that’s because
they are just hearing about it
[08:08 am] doji : RIMM Take Over Chatter
number 100th
[08:09 am] lightning : man, that’s
beautiful
[08:09 am] apple : thanks for the chart
[08:09 am] shailan : I like the bubbles on
finviz
http://finviz.com/bubbles/bubbles.ashx
[08:10 am] Kris : careful shorting this RIMM
run
[08:10 am] Kris : chatter is naming names
[08:10 am] apple : thx K for the warning
[08:10 am] joeytsa : thanks kris[08:11 am]
doji : Thanks Kris!
[08:14 am] mikewd2 -: doji, WFT up nice from
the 15.00
[08:14 am] joeytsa : multi-top on AAPL, AMZN
breaking higher
[08:14 am] joeytsa : RIMM held that prev
high on initial push..consol on slightly
lower vol[08:15 am] rusty : look at BVSN in
a few weeks
[08:15 am] mhaus : NFLX
[08:15 am] joeytsa : CRM consolidating just
under $106 now
[08:16 am] lightning : Oil need Friday’s
high
[08:16 am] joeytsa : lightning: oil on a
nice run last 20-25 minutes
[08:17 am] joeytsa : had a nice support test
hold around 99.80 @ 8:03pst
[08:18 am] rusty : SQNS lod[08:18 am] eyes
: S Rimm 16.87
[08:19 am] mikewd2 -: RIMM pushing sell to
samsung? rumor
[08:19 am] rusty : RIMM CNBC
[08:20 am] mikewd2 -: did google buy
motorola?
[08:20 am] apple : LULU lod[08:20 am]
mikewd2 -: go WFT –
[08:21 am] doji : WFT S… sorry Mike
[08:21 am] joeytsa : MNST with a hold of the
vwap[08:22 am] rusty :
http://www.businessinsider.com/can-sears-be-s
aved-2012-1?op=1#ixzz1jjWJkXbk
[08:22 am] rusty : SHLD
[08:22 am] joeytsa : SINA weak while market,
big names moved higher
[08:23 am] doji : And it has been for the
last days, the SPY should move higher and
close near the hod….
[08:25 am] joeytsa : keep eye on RIMM
[08:26 am] joeytsa : there she goes
[08:26 am] eyes : stopped out rimm 17.07
[08:29 am] joeytsa : NFLX coming into some
res, looking for a break lower
[08:31 am] mhaus : WLK
[08:32 am] joeytsa : nice mhaus…they were
a mover on friday also
[08:32 am] mhaus : TSLA coming into
resistance soon
[08:33 am] mikewd2 -: out half day trade
WFT
[08:33 am] joeytsa : WPRT with a 52wk hi
[08:34 am] apple : nice trend on WPRT
[08:36 am] mikewd2 -: nat gas down 8% today,
unreal
[08:36 am] rusty : when everyone starts to
notice…
[08:37 am] rusty : waiting for CNBC to
advise short on nat gas to add to my longs
[08:37 am] mikewd2 -: how to you play nat
gas, rusty what stock or etf?
[08:37 am] rusty : futures prolly the
best
[08:37 am] mikewd2 -: never played futures
[08:38 am] rusty : CHK SWN most popular
stock wise
[08:38 am] mikewd2 -: CHK getting out of nat
gas, moving mostly into oil
[08:38 am] joeytsa : i still like WPRT for
alternative nat gas play, even with the
run
[08:38 am] mikewd2 -: and CEO s–ks[08:39 am]
rusty : CHK getting out of nat gas?
[08:39 am] joeytsa : WPRT has contracts with
royal dutch shell and cummins..
[08:39 am] joeytsa : they make the engines
that run on nat gas
[08:39 am] mikewd2 -: i think they are
getting more into oil is what i read
[08:39 am] mikewd2 -: stopped on WFT 15.40
nice run from 15.05
[08:40 am] joeytsa : will have to find the
article i had
[08:40 am] eyes : S rimm 17.15 out 1/2
16.98
[08:40 am] joeytsa : now that was a good one
eyes !!
[08:40 am] rusty :
http://stockcharts.com/h-sc/ui?s=$WTIC:$NATGA
S&p=D&yr=0&mn=6&a
mp;dy=0&id=p85568819359
[08:40 am] rusty : Oil to nat gas ratio
[08:41 am] rusty : keep this chart in
mind
[08:41 am] mhaus : watching VIV
[08:42 am] rusty : Najarian talking about
people making rumors and pumping stocks
[08:42 am] rusty : rofl[08:43 am] mikewd2 -:
fall WFT
[08:45 am] apple : i should have taken it
short WFT
[08:46 am] mikewd2 -: you can make a good
living just trading WFT
[08:46 am] apple : really?
[08:47 am] doji : Did you WFT short Mike?
[08:48 am] rusty : HLX radar sudden move
down
[08:48 am] mikewd2 -: nice one rusty
[08:48 am] Kris : I think HLX was
downgrade
[08:49 am] mikewd2 -: yes doji, but out on
that cross on stoch, small profit
[08:49 am] Kris : yeah, morgan stanley[08:49
am] apple : quick on HLX
[08:49 am] doji : I read this morning that
the number of SPX companies that are lowering
their 2012 earnings forecast have reached
exceeded the levels seen in 2008
[08:50 am] joeytsa : thanks doji, i missed
that
[08:50 am] apple : thx E
[08:50 am] Kris : low expectations are easier
to beat
[08:50 am] rusty : ZAGG radar – sudden move
up
[08:51 am] mhaus : MTB
[08:51 am] joeytsa : amazing what a 1 penny
hit/miss does to a stock
[08:51 am] Ed : heard a guy say, “my
expectations are so low, that if anything
happens good it’s a surprise”
[08:52 am] rusty : expectations so low, have
to take off shoes to put on hat
[08:52 am] Ed : too funny
[08:52 am] lisas : lol[08:53 am] joeytsa :
markets are weird…that push above 1300
earlier should have been a big positive
[08:53 am] doji : NFLX
[08:54 am] joeytsa : NFLX dancing with prev
high/vwap all morning
[08:56 am] apple : “should” is the key
word
[08:56 am] rusty : BVSN spike up
[08:56 am] rusty : again
[08:56 am] joeytsa : agreed apple..but
that’s the “number” everyone has been looking
for
[08:56 am] apple : i know, lucky 13?
[08:58 am] rusty : when everyone looks for
the same number…
[08:59 am] joeytsa : maybe the key is if
things can hold the 1295 support now?
[09:01 am] joeytsa : internals are fairly
bullish, only % of stocks over 50ma went down
on friday[09:01 am] apple : i agree joey,
that it should hold 1295 first
[09:01 am] joeytsa : majority of sectors are
on p&f buy signals
[09:02 am] joeytsa : about 50/50 with
sectors on relative strength buys compared to
the equal-weighted indices
[09:03 am] rusty : Few mentioning that
market volume continues to be low
[09:03 am] scalpman : Time to go…but
another positive day…5 for 7/ with a few
B.E.s
[09:04 am] scalpman : My later start is
paying off…
[09:04 am] Ed : nice going scalp
[09:04 am] scalpman : Thanks all for good
ideas.
[09:04 am] joeytsa : yeah rusty…lots of
money waiting for something
[09:04 am] apple : great job scalp have a
great day
[09:06 am] joeytsa : the ES in a 1.5 pt
range past hour
[09:06 am] eyes : Joey Did you get your new
setup
[09:06 am] joeytsa : yeah..and actually had
to redo everything this morning
[09:06 am] joeytsa : threw my whole morning
off
[09:07 am] qwert : did anybody get the adp
trade this am textbook breakout trade on
daily
[09:09 am] apple : no
[09:09 am] joeytsa : i didn’t take it qwert,
but do see it, would have liked to have seen
higher vol..but the day isn’t over yet
[09:10 am] joeytsa : currently there are 11
sectors on a relative strength buy signal and
in a column of X’s…
[09:10 am] qwert : i missed it but i love
that chart
[09:12 am] joeytsa :
banks,drugs,gaming,insurance,internet,
machinery tools,oil and coal, pollution
control, restaurants, savings and loans,
steel and iron,
[09:13 am] joeytsa : might be a decent
starting point when looking for potential
swings
[09:13 am] joeytsa : on the long side
[09:14 am] joeytsa : at least that’s what my
magic 8-ball says 🙂
[09:19 am] joeytsa : CREE/ADTN report ah,
FAST/GS/FFIV report tomorrow
[09:20 am] mikewd2 -: best part – i swung
SINA over the time i was gone and it jumped
12 points – paid for the trip.
[09:22 am] mikewd2 -: CHKP hod, nice up
day
[09:23 am] joeytsa : GS earnings tomorrow is
the one to watch
[09:25 am] joeytsa : GS consensus is 1.48,
yr ago was 3.79 ?
[09:28 am] joeytsa : according to earnings
whisper…consensus estimate is 1.46, whisper
number is .95
[09:28 am] joeytsa : they release b4 the
open, might want to watch them last hour
today
[09:29 am] apple : GS?
[09:29 am] joeytsa : yeah apple GS
[09:30 am] joeytsa : again, you would THINK
that bad news from GS would send the market
down right?
[09:30 am] apple : right
[09:30 am] mikewd2 -: that’s why i’m looking
at TZA, joey
[09:30 am] mikewd2 -: and VXX
[09:30 am] khall : I guess that’s what we
get for thinking
[09:31 am] joeytsa : yeah, just trying to
think forward..as a prep
[09:31 am] rusty : funny how VZ competition
to NFLX chatter came out today when this was
out few days ago…
[09:31 am] rusty :
http://fusible.com/2012/01/verizon-to-launch-
its-netflix-competitor-soon-domain-names-may-
be-sign/
[09:32 am] apple : nice one E
[09:32 am] shark : thx rusty -I have the
verizon video app. came with my cell phone
[09:32 am] joeytsa : if we can’t get back to
1300, lose 1295 and GS turns over..things
might be ugly tomorrow?
[09:32 am] shark : TONS of NFLX competitors!
TONS!!!
[09:32 am] Ed : thx apple
[09:33 am] joeytsa : thanks rusty…good to
know
[09:34 am] shark : LULU new lod[09:34 am]
joeytsa : talking banks on cnbc[09:36 am]
rusty : SPRD radar
[09:37 am] joeytsa : quick dip on ES/SPY
[09:37 am] rusty : when everyone thinks the
same number…
[09:37 am] rusty : 🙂
[09:37 am] mikewd2 -: timed the VXX long
right
[09:38 am] rusty : TPX radar
[09:38 am] joeytsa : CHKP slowly chugging
higher
[09:39 am] doji : Wow quick drop in the
SPY
[09:42 am] joeytsa : anyone read the SOPA
bill?
[09:42 am] doji : SPY consolidating so if
the rules of engagement are correct, the SPY
should drop again, right?
[09:43 am] observer : yes, joey, potentially
scary stuff
[09:43 am] doji : What is that SOPA thing
Joey?
[09:43 am] joeytsa : not sure doji…i have
never check that out b4, but it makes
sense
[09:43 am] joeytsa : yeah observer…google
it when you have time doji[09:44 am] observer
: potential govt. control of internet
[09:44 am] joeytsa : CHKP consolidating near
hod[09:47 am] mhaus : MTB a good decent
[09:50 am] joeytsa : GS trying to lose prev
cl..down almost $3 from high
[09:52 am] joeytsa : CHKP coiling, 10cent
consolidation past 30 minutes
[09:53 am] mikewd2 -: u going long joey?
[09:53 am] joeytsa : only on a strong move
higher
[09:54 am] joeytsa : kind of stuck in the
mud at the moment
[09:54 am] joeytsa : also watching GS
[09:54 am] joeytsa : not the kind of move
you like to see going into earnings
[09:57 am] joeytsa : GS with a heck of a
spike up for them
[09:58 am] joeytsa : REGN had a spike
down
[09:58 am] Ed : nice one Brent
[09:59 am] joeytsa : did some news just
break?
[10:02 am] shark : looks like an anomaly,
Joey
[10:03 am] joeytsa : weird, i see spikes on
a few stocks
[10:03 am] shark : verify on a 2nd
platform
[10:03 am] joeytsa : SPY moved up also
[10:03 am] mikewd2 -: all out MAKO, thanks
Brent
[10:03 am] shark : I have had that with my
charting svce before
[10:04 am] joeytsa : looks legit so far
[10:04 am] shark : RCL going back to day
lows
[10:06 am] joeytsa : AMZN hod[10:10 am]
joeytsa : mike: CHKP failed, but happened
too quick for me to catch
[10:10 am] gamou : VALE near hod[10:11 am]
joeytsa : VALE has a nice game plan
[10:26 am] jimmyp : Ed, OAS was a good
short
[10:27 am] rusty : Jefferies: RIMM no
takeover deal coming
[10:27 am] Ed : nice trade jimmyp[10:28 am]
jimmyp : shoot first, ask later
[10:28 am] Ed : ur right
[10:28 am] qwert : chkp ever gonna break 55
just keeps getting so close
[10:28 am] joeytsa : its trying qwert…
[10:28 am] joeytsa : neg div going on
though
[10:29 am] joeytsa : has to be strong vol
for me to get interested
[10:29 am] Ed : about to say same
[10:29 am] joeytsa : been watching it for an
hour..probably move while i am eating my tuna
haha[10:29 am] qwert : same here
[10:30 am] apple : you know it will, joey,
because you won’t be staring at it
[10:30 am] joeytsa : at least i can hear the
alert go off and know that someone made $$
🙂
[10:31 am] apple : SODA hod[10:34 am] mhaus
: WLK
[10:34 am] mhaus : MTB turning
[10:34 am] rusty : KV.a hod[10:34 am] rusty
: CBRX lod[10:35 am] joeytsa : Ed, nice call
with WPI
[10:36 am] joeytsa : another weird spike on
CHKP
[10:36 am] mhaus : WPI
[10:37 am] apple : why do i buy too
early???
[10:37 am] rusty : WPI CBRX KV.A all moving
same news
[10:37 am] Ed : thx rusty
[10:38 am] doji : CHKP short here… tight
stop
[10:39 am] lightning : S a little RIMM
[10:41 am] mhaus : RKT
[10:41 am] Brent : nice one Eddie Money
[10:41 am] Ed : tank u Sir Brent
[10:42 am] joeytsa : Ed, did you get it both
ways?
[10:42 am] rusty : not sure I want to know
the answer
[10:42 am] Ed : yep
[10:42 am] joeytsa : thought so…nice work
!!!
[10:42 am] Ed : ur 2 funny rusty
[10:43 am] eyes : Ed what was your entry
signal WPI
[10:43 am] apple : i am having the worst day
today, my timing is terrible, too early or
too late
[10:44 am] Ed : i reversed my short 60.18
[10:44 am] lightning : I had a day like that
last week, apple. I have a daily max loss,
and I hit it.
[10:45 am] joeytsa : happens from time to
time
[10:45 am] doji : Just take a break Apple…
I know it’s hard to step out but you need to
keep the discipline
[10:46 am] joeytsa : when you start back, go
to smallest share size
[10:46 am] joeytsa : until a couple of
winners, then slowly add
[10:46 am] lightning : It seems like last
week you were ON FIRE too, apple
[10:46 am] Ed : happens apple, most important
thing is continuing to maintain self-control
and discipline if u continue to trade. Best
to take break regroup.
[10:48 am] apple : i just lost n WPI, go
figure got in too early
[10:48 am] mhaus : MAKO dropping
[10:49 am] apple : everything has not been
good for me today… i am zigging when i
should be zaging[10:49 am] doji : I am
trailing my stop in MAKO just in case…
[10:49 am] doji : CHKP sorry
[10:49 am] doji : Short
[10:49 am] khall : apple, so am I today for
some reason, and it’s frustrating. I think
I’m going to sit out and paper trade today
and tomorrow
[10:50 am] khall : get the mojo back
[10:50 am] observer : Have heart apple.
It’s been a bit tough for me, as well.
[10:50 am] apple : i lost so much money
today. i hate starting the week out like
this.
[10:50 am] observer : I have seen more
selling come in at points than usual on a
couple of longs.
[10:52 am] mhaus : RRC
[10:54 am] mhaus : take over chatter
[10:55 am] lightning : out RIMM short for
small loss
[10:59 am] mhaus : watching AGP
[11:02 am] qwert : i just got back, keep
your head up apple we all know that you are
an awesome trader. I was just bragging about
your trading to the wife last week
[11:03 am] apple : thx qwert, that makes me
feel so much better…
[11:05 am] victor51 : Mitch, nice swing call
on Arba[11:08 am] mhaus : AGCO
[11:10 am] rusty : CNBC noticing the baltic
dry index
[11:10 am] mhaus : WPI sliding down
[11:10 am] rusty : CNBC guest & too
many ships produced in the last month
[11:10 am] rusty : lol[11:11 am] rusty :
guess guest doesn’t know how long it takes to
build a tanker
[11:20 am] joeytsa : rusty: nice timing with
your baltic dry index chart you posted last
week..glad cnbc got your memo
[11:21 am] joeytsa : smartest thing i heard
on cnbc in a while…earlier a guy mentioned
that the market is ignoring warning signs in
equities, so to watch the bond market since
its better at seeing trouble
[11:22 am] joeytsa : qwert,mike: hope you
both caught that nice drop on CHKP arrggghhh
haha[11:29 am] joeytsa : GS lod[11:31 am]
joeytsa : chart: closing in on a triple-top
on the s&p500 cumulative a/d
line…coincides with july,nov leg downs
[11:32 am] joeytsa : may not mean
anything..just a heads up
[11:32 am] apple : appreciate it
[11:33 am] joeytsa : ES lod[11:46 am]
joeytsa : MDVN spiking down
[11:51 am] apple : WPI losing it
[11:52 am] go4it : so is MAKO
[11:53 am] go4it : Made small profit on
WPI
[11:55 am] shark : this may be the first day
we close near index lows in a couple of
weeks
[11:56 am] joeytsa : yeah shark, the ES
broke below 1290
[11:59 am] joeytsa : pretty big spike up on
the VIX
[12:00 pm] shark : joey -VIX -higher lows
since 1/10/2012 bottom
[12:00 pm] joeytsa : good catch shark, only
have the 1min up
[12:01 pm] shark : I think Jon Najarian says
that 22 is the level to watch
[12:05 pm] joeytsa : will watch 22
shark…email answered
[12:11 pm] rusty :
http://seekingalpha.com/article/320056-opport
unities-from-the-crash-in-natural-gas?source=
email_rt_article&ifp=0
[12:11 pm] joeytsa : GS down $4 from the
high
[12:12 pm] Ed : WPI is really sick
[12:14 pm] doji : FSLR
[12:14 pm] apple : missed GS joey
[12:15 pm] Ed : NFLX just jot Tebowed, sorry
Brent
[12:15 pm] Kris : I can’t believe their free
month trial didn’t attract more longs
[12:16 pm] Kris : lol[12:16 pm] Ed :
lol[12:18 pm] go4it : Kris is KGC still of
interest?
[12:21 pm] joeytsa : shark: VIX over 22
[12:21 pm] shark : yeah…
[12:21 pm] rusty : What is Maria talking
about when she says “Regulatory
Envarmint”?
[12:22 pm] joeytsa : trying to control
rats?
[12:23 pm] rusty : sounds like it…how do
we trade it
[12:23 pm] Kris : too late in the day go4it
to take it short for me
[12:23 pm] Kris : plus a little late
[12:23 pm] go4it : OK thx
[12:24 pm] joeytsa : regulations sound like
a bad thing for a company to me
[12:26 pm] rusty : waiting for Cramer to put
a big red flashing stop sign on his head to
add to my nat gas long position
[12:28 pm] joeytsa : WPI lod[12:28 pm] rusty
: Cramer touting Nat gas in November
http://msnbcmedia.msn.com/i/CNBC/Sections/CNB
C_TV/CNBC_US/Shows/Mad_Money/SlideShows/Energ
y/Cover-MM-Cramers-Top-Energy-Plays_4.jpg
[12:29 pm] joeytsa : nat gas is widely
available, not hard to access right?
[12:29 pm] shark : right!
[12:29 pm] rusty : cheap
[12:29 pm] rusty : clean
[12:30 pm] rusty : efficient
[12:30 pm] rusty : therefore no good for
USA
[12:30 pm] joeytsa : thought so..that’s why
i am looking at the secondary plays
[12:30 pm] joeytsa : too much competition on
the production side is what i would think
[12:30 pm] go4it : unless you’re booon
pickens[12:31 pm] rusty : Amazing how strong
the oil lobby is compared to nat gas lobby
[12:31 pm] joeytsa : sure is
[12:31 pm] Ed : follow the money
[12:31 pm] rusty : Oil lobby has peops
believing they are cleaner/safer than nat gas
especially after Gulf oil spill
[12:31 pm] joeytsa : read that companies
will get paid huge to have vehicles switched
to nat gas engines…
[12:31 pm] go4it : show me the money and
I’ll follow it!
[12:32 pm] joeytsa : something like 60k ups
trucks will go thru the conversion…
[12:32 pm] joeytsa : can’t remember exact
$$, but it was pretty big payoff
[12:32 pm] go4it : wow
[12:32 pm] joeytsa : might be fedex not
ups…will try to find my article
[12:33 pm] rusty : probably both
[12:33 pm] joeytsa : only reason i like
WPRT..they make the engines
[12:33 pm] rusty : and remember all the jobs
that would be created
[12:34 pm] go4it : Boone made them a deal
they couldn’t refuse
[12:34 pm] rusty : GS reiterates WPI
Conviction Buy
[12:34 pm] joeytsa : where was GS 6 pts
ago
[12:34 pm] rusty : the only ones who should
be convicted are GS
[12:35 pm] Ed : telling clients to buy while
they shorted
[12:35 pm] rusty : they were shorting
[12:35 pm] joeytsa : exactly
[12:35 pm] joeytsa : that’s why i LOVE to
short them when i can haha[12:44 pm] joeytsa
: heck of a bounce in CHKP
[12:46 pm] rusty :
http://seekingalpha.com/article/320072-sears-
isn-t-going-private?source=email_rt_article&a;
mp;amp;ifp=0
[12:47 pm] apple : got that one joey
[12:48 pm] joeytsa : just keep the faith
apple 🙂
[12:50 pm] rusty : QLGC radar
[12:50 pm] qwert : nice trade apple
[12:51 pm] mikewd2 -: EDU
[12:51 pm] joeytsa : CHKP ran right up to
the $55 level from earlier..overshot a bit
now a bit of a pullback
[12:51 pm] apple : sold at 55.06
[12:52 pm] joeytsa : great price !!!
[12:52 pm] apple : put some green in my
favor
[12:53 pm] joeytsa : only takes 1 trade to
turn the bad to good sometimes 🙂
[12:53 pm] qwert : chkp sitting right on
200sma
[12:53 pm] joeytsa : thanks qwert, i don’t
even have that up
[12:53 pm] apple : i needed more than one
today
[12:54 pm] joeytsa : but 1 can get your mind
right again
[12:54 pm] qwert : that’s right joey
[12:54 pm] apple : true. tomorrow is another
day
[12:55 pm] joeytsa : 3 losses in a row tells
me to stop for a bit
[12:55 pm] apple : i would have been done
then by 9:45….
[12:56 pm] apple : only kidding.
[12:56 pm] joeytsa : it’s just to get my
bearings again
[12:57 pm] joeytsa : keeps me from taking
too much of a beating and a chance to find
out what’s wrong
[12:58 pm] qwert : usually when i have that
many losses in a row i end up seeing I’m
trading against overall trend
[12:59 pm] murano : Brent, what is your
e-mail address?
[12:59 pm] qwert : has happened way to many
times haha[12:59 pm] Brent :
[email protected]
[01:00 pm] joeytsa : yeah qwert, gives you a
chance to step back and see if you are
missing something
[01:00 pm] joeytsa : GS closed under $98
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